Bloomberg The US suspects North Korean leader Kim Jong-un is currently in the wider Pyongyang area, according to a report by South Korean daily DongA Ilbo that cites an unidentified Washington government official. The official told the newspaper that the US identified what it believed was Kim’s train in Kangdong County this week, and his car and horse was also ...

Bloomberg FBI Director Christopher Wray ordered an internal review of how the bureau handled the investigation of former National Security Adviser Michael Flynn, including any instances of official misconduct. The “after-action review” by the Inspection Division will evaluate the bureau’s role in the Flynn investigation and look into whether any current bureau employees engaged in misconduct, according to a statement ...

Bloomberg UK government officials defended Boris Johnson’s chief adviser Dominic Cummings, who is facing calls to resign after reports that he broke the UK government’s lockdown rules. Cummings “believes he behaved reasonably and legally,” according to a statement from an unidentified spokesman for 10 Downing Street. He was seen more than 250 miles (400 kilometres) from his London home shortly ...

Bloomberg Joe Biden said he should not have been “cavalier” about support from African Americans and insisted he does not take black voters for granted after a backlash over his comments earlier in the day that if a voter is still undecided, “you ain’t black.” “I shouldn’t have been such a wise guy,” he said on a call with the ...

Bloomberg Italy’s record bond sale this week has cast a light on the price tag of the country’s political tension with the European Union (EU). The government’s decision on financing its pandemic costs will saddle taxpayers with 1.6 billion euros ($1.8 billion) of interest expense over the five-year life of the security. That’s 1.5 billion euros more than if Rome ...

Bloomberg Economists at JPMorgan Chase & Co. see the US recovery from the coronavirus pandemic going even more slowly than previously thought, downgrading their forecast for 2021 growth and projecting an unemployment rate of at least 10% through next year’s first quarter. The lockdowns of state economies to combat the spread of the coronavirus will translate into an unprecedented 40% ...

Bloomberg Argentina will improve the terms of its offer to restructure $65 billion of overseas bonds after the country defaulted on interest payments. Economy Minister Martin Guzman didn’t give any details on his plans in an interview at his office, but said discussions with creditor groups continue. The latest proposals from bondholders have shrunk the gap between the parties’ positions, ...

Bloomberg Organisers of the New York auto show who had postponed the event to August are now calling it off for this year. “Because of the uncertainty caused by the virus, we feel it would not be prudent to continue with the 2020 show,” Mark Schienberg, president of the Greater New York Automobile Dealers Association, said in a statement. The ...

Bloomberg Memorial Day marks the start of the prime season for theme parks. From now through Labour Day, they typically welcome the lion’s share of guests and generate most of their annual revenue. But the coronavirus pandemic has left Six Flags Entertainment Corp., Cedar Fair LP and SeaWorld Entertainment Inc., three of the world’s largest theme-park operators by attendance, with ...

Bloomberg As Japan’s second female astronaut to fly up in the Space Shuttle Discovery, Naoko Yamazaki didn’t expect to spend a quarter of her time dusting, feeding mice and doing other menial jobs. It can cost more than $430 million a year to keep an astronaut in orbit, according to three-year-old startup called Gitai Inc. It’s only possible to keep ...