Josh de la Mare has Monday’s top stories from around the world, including North Korea firing ballistic missiles, US president Donald Trump’s Obama wiretap claims being denied and PSA buying GM’s Opel division.
Welcome to The World in 60 Seconds from FirstFT. North Korea has fired four ballistic missiles into the Sea of Japan in a move likely to escalate tensions in the region. The tests follow warnings from Pyongyang last week that it will pursue new types of strategic weapons if Seoul and Washington continued with ongoing military drills.
Donald Trump's unsubstantiated claim that he was wire tapped by Barack Obama before the US presidential election has been rejected by the former Director of National Intelligence. James Clapper, who headed the agency from 2010 to 2017, said there was no wiretap on Mr. Trump or his campaign during his tenure. James Comey, Director of the FBI, has also rejected Mr. Trump's claims.
And Porsche owner PSA has announced a $2.2 billion year a deal to buy General Motors's loss making Opel division. The agreement comes after months of negotiations, and we'll see GM finally cutting ties with Europe after racking up more than $8 billion in losses there since 2010. And we have more stories for you at ft.com/firstFT.