Monday Morning News Brief, May 8

Monday morning brief May 8 2017
Good morning!
Here’s everything you need to know to start your day…
Centrist candidate Emmanuel Macron decisively won the French presidential election yesterday, defeating far-right candidate Marine Le Pen. Macron is poised to become one of Europe’s most powerful leaders, bringing with him a hugely ambitious agenda of political and economic reform for France and the European Union. At 39, the pro-EU former investment banker will also be France’s youngest-ever leader.
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The government has approved the appointment of top diplomat Sohail Mahmood as Pakistan’s next high commissioner to India. Expressing hope that Mahmood will contribute positively to improving bilateral ties, diplomatic sources have said that Mahmood has been given visa to allow him to take over from incumbent Abdul Basit this month.
The Sunday Times Rich List 2017 has revealed that three out of Britain’s four wealthiest individuals are Indians. The Hinduja brothers topped the list of 134 billionaires with an estimated wealth of 16.2 billion pounds. Mumbai-born David and Simon Reuben were ranked third with an estimated wealth of 14 billion pounds and steel magnate Lakshmi N Mittal is fourth with 13.2 billion pounds.
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The Pakistan army’s aggression along the LoC indicate a desire to hobble the Nawaz Sharif government while upping the ante against India. Though Pakistan PM Nawaz Sharif’s intent to engage with India has often been subject to opportunistic inclinations, the army’s moves to step up hostilities in Jammu and Kashmir goes against several signals Islamabad has sent out to India over the last six months.
The Supreme Court will today pronounce its verdict in the fodder scam case involving RJD chief Lalu Prasad Yadav. The CBI had filed a plea in the apex court against the dropping of a conspiracy charge against Lalu Prasad by the Jharkhand HC in one of the fodder scam cases. The charges are in connection with the case pertaining to fraudulent withdrawal of Rs 96 lakh during Lalu Prasad’s chief ministerial tenure.
Copyright @ 2017 Bennett, Coleman & Co. Ltd.

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