Bloomberg The state of Ohio’s lawsuit against opioid maker Purdue Pharma should be thrown out because it runs afoul of federal drug regulations and doesn’t show the company’s Oxycontin painkiller marketing caused specific harm, according to a court filing. Stamford, Connecticut-based Purdue filed its response in state court in Ohio to Attorney General Mike DeWine’s May suit, accusing the pharmaceutical ...

KIEV / Reuters Ukraine might lose its second largest wheat export market, Egypt, due to new wheat import requirements that favour rival Russia, Ukraine’s acting agriculture minister said. Ukraine exported around 2.5 million tonnes of wheat to Egypt in the 2016/17 season, or about 14 percent of the country’s total wheat exports of 17.5 million tonnes, according to consultancy UkrAgroConsult. ...

Bloomberg Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover about $100 million to $150 million, with costs shared by carriers in the London market and elsewhere, said the ...

Bloomberg Japan backed a US push for the United Nations Security Council to vote on Monday on fresh sanctions against North Korea, saying that Kim Jong Un’s nuclear program poses the most serious threat since World War II. Defense Minister Itsunori Onodera on Sunday urged tougher sanctions including curbing oil supplies to North Korea. He warned that the regime’s advances ...

JEDDAH / Reuters Arab countries and Qatar should enter into direct talks to solve a diplomatic dispute, Russia’s foreign minister said on a trip to Saudi Arabia on Sunday, urging all parties to restore regional unity. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt severed ties with Qatar on June 5, accusing it of supporting terrorist groups – a ...

BEIRUT / Reuters A rocket-bearing Iranian military vessel confronted an American battleship in the Gulf and warned it to stay away from a damaged Iranian fishing boat, Tasnim news agency reported on Sunday, but the US Navy denied any direct contact with Iranian forces. The American battleship turned away after the warning from the Iranian vessel, which belonged to the ...

Bloomberg Russia is testing the West by conducting war games on NATO’s eastern flank in its biggest military exercise in four years, UK Defense Secretary Michael Fallon said. “This is designed to provoke us, it’s designed to test our defenses, and that’s why we have to be strong,” Fallon said on the BBC’s “The Andrew Marr Show” on Sunday. “Russia ...

Bloomberg US President Donald Trump and Turkey’s Tayyip Erdogan spoke and agreed to continue to work toward stronger ties and regional security, Erdogan’s office said, a day after he lashed out at US authorities for indicting one of his ex-ministers. Ties between the United States and its NATO ally have been strained by Washington’s support for the YPG Kurdish fighters ...

Bloomberg UK Prime Minister Theresa May’s closest advisers froze out Chancellor Philip Hammond as they drew up their plans for June’s election, according to a new book revealing the rift that developed between the two most senior teams in the British government. May herself raised her eyebrows at the mention of Hammond’s name in meetings, while his relations with her ...

Bloomberg German Chancellor Angela Merkel called anti-immigration demonstrators “rowdies” driven by intolerance, her strongest reaction yet to protests that have disrupted many of her election rallies this summer. Just over two weeks before the German ballot, Merkel addressed her increasingly aggressive enemies from the Alternative for Germany party, or AfD, and the far-right National Democratic Party, head-on. A day earlier, ...