Good morning! Here’s what you need to know.
1. Jeremy Corbyn could be heading for Downing Street if a second general election is held this year, a new poll has found. The Survation poll for the Mail on Sunday finds that Labour would win 45% of the vote to the Conservatives’ 39%, if voters were sent back to the polls.
2. Uber’s board will discuss chief executive Travis Kalanick temporarily stepping away from the firm and consider sweeping changes to the company’s management practices. The board is expected to adopt a number of internal policy and management changes recommended by outside attorneys hired to investigate sexual harassment and the firm’s broader culture.
3. Shares in Qatari banks fell after the United Arab Emirates central bank ordered UAE banks to be wary of accounts which they hold with six Doha-based lenders. As the diplomatic crisis in the region continued, the UAE told its banks to stop dealing with 59 individuals and 12 entities with alleged links to Qatar, and advised its banks to conduct “enhanced due diligence” towards the six Qatari lenders.
4. Shortages of US dollars hit money exchange houses in Qatar on Sunday, making it harder for worried foreign workers to send money home. Saudi Arabia, the UAE, Bahraini and Egyptian banks began scaling back business with Qatar last week after their governments cut diplomatic and transport ties, accusing Doha of supporting terrorism.
5. Volkswagen is looking at rehiring the chief executive of General Motors’ Opel, possibly to lead its Audi brand. Opel boss Karl-Thomas Neumann plans to resign as General Motors (GM) prepares to sell the business to France’s PSA Group , German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported.
6. Several thousand demonstrators including Pep Guardiola, the revered former manager of the city’s football club, rallied in Barcelona to support the Catalonia independence referendum called for October 1. Carles Puigdemont, leader of the regional government, defied Madrid on Friday by setting a date for the vote even though it has been ruled illegal by Spain’s Constitutional Court.
7. Airbus could move production of new aircraft models out of Britain if the European plane-maker’s “non-negotiable” demands over the free movement of people and trade tariffs are not delivered in upcoming Brexit talks. Britain is due to begin negotiations with the rest of the European Union about the terms of its departure in nine days time, despite Prime Minister Theresa May being weakened by losing her majority in Thursday’s election.
8. Roaming charges will be lifted in Europe starting June 15, raising pressure on operators in a tight market. Roaming charges within and outside Europe account for an average of around 5% of sales for telephone operators in Europe, estimates Sylvain Chevallier of BearingPoint.
9. President Donald Trump plans to nominate Brian Brooks, general counsel for Fannie Mae, as deputy secretary of the US Treasury. Brooks oversees the legal department and government and industry relations at the Federal National Mortgage Association, commonly known as Fannie Mae, a government-sponsored entity that provides financing for mortgage lenders.
10. The head of the French Socialists admitted his party faced “unprecedented” losses after the country’s parliamentary election which could see it lose more than 200 seats. Projections after the first round of the parliamentary vote showed the party falling to 15-40 seats in the new national assembly from 277 currently.