PRESS DIGEST - Wall Street Journal - June 5

Reuters
06-05
PRESS DIGEST - Wall Street Journal - June 5

June 5 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump on Wednesday signed a sweeping travel ban on 12 countries, largely in the Middle East and Africa, and introduced more-limited travel restrictions on seven others, reintroducing a controversial immigration policy that came to define the early days of his first term.

- Citi C.N will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.

- UniCredit CRDI.MI said the European Union wouldn't launch an in-depth investigation into its $10 billion-plus bid for Banco BAMI.MI effectively clearing the deal to take over its smaller rival.

- U.S. President Donald Trump ordered an investigation into Joe Biden's actions as president, including his use of an autopen, alleging that his predecessor's aides hid evidence of what he called Biden's "serious cognitive decline."

- Kimberly-Clark KMB.O is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion, part of an attempt by the maker of Scott toilet paper and Huggies diapers to focus on more profitable areas, according to people familiar with the matter.

- The Trump administration is redirecting a key antidrone technology earmarked for Ukraine to American forces, a move that reflects the Pentagon's waning commitment to Kyiv's defense.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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