HSBC avoided US money laundering charges because of ‘market risk’ fears
US officials refused to prosecute HSBC for money laundering in 2012 because of concerns it would cause a “global financial disaster”, a report says. BBC News – Business
Craig Taylor
IS conflict: US to send 560 more troops to Iraq
The US is to send 560 more military personnel to Iraq to help in the fight against so-called Islamic State (IS), Defence Secretary Ash Carter says. BBC News – Middle East
‘Two lost decades’ for Italy’s economy
Italy’s economy will not return to its pre-2008 crisis levels until the mid-2020s, the IMF says, implying nearly “two lost decades”. BBC News – Europe
Kimberly-Clark: Venezuela seizes and re-opens US-owned factory
The government of Venezuela says it has seized a factory owned by the US firm Kimberly-Clark and it will now be “in the hands of the workers”. BBC News – Latin America & Caribbean
David Cameron to chair final cabinet as UK prime minister
David Cameron will chair his final cabinet meeting as PM later, as Theresa May prepares to take over after a sudden end to the Tory leadership contest. BBC News – UK
Michigan courthouse shooting: Two deputies and gunman killed
An inmate being moved from a holding cell kills two law enforcement officers at a courthouse in the US state of Michigan. BBC News – US & Canada