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Hong Kong police have Senior editor and executive arrested For the first time, a newspaper of the pro-democracy tycoon Li Zhiying used the territory’s national security laws to directly target journalists.

At least 500 officials participated in a raid on Thursday morning on Apple Daily, a popular tabloid known for its willingness to confront and criticize the government. The police instructed reporters to register their identities and prevent them from filming raids or going to their desks.

The reporters were told to gather in a separate part of the building because their workplace was part of the “crime scene.” The police stated that they are collecting “evidence of suspected violations of the National Security Law” and using search warrants to search and seize news materials.

Five stories in the news

1. The Fed shifts to boost the dollar Dollar fell The biggest two-day increase in the year After U.S. Central Bank officials proposed the expected time for the Fed to raise interest rates for the first time after the pandemic.At the same time, investors Hiding a record amount of cash After the Fed started paying interest to prevent negative interest rates, it was in the Fed’s overnight facility on Thursday.

2. ByteDance will more than double its revenue in 2020 Byte beating 111% revenue growth According to people familiar with the matter, Liang Rubo, the company’s incoming CEO, said on Thursday that the company had sales of 34 billion U.S. dollars last year and had 1.9 billion monthly users of its apps by the end of the year.

3. The U.S. Supreme Court challenges Obamacare Nine-person court with 7-2 opinion Rejection attempts The comprehensive Affordable Care Act provides medical insurance for tens of millions of Americans who were previously uninsured.In another decision issued on Thursday, the judge ruled Limit human rights litigation Oppose business. (FT, NYT — pay zone)

• In other aspects of American politics: President Joe Biden has signed legislation June 19, Marking the end of slavery in the United States, a federal holiday.

4. Toshiba’s largest shareholder calls the board of directors “invalid” Singapore-based fund Effissimo blames Japanese conglomerates Failed to respond adequately Show its report Collusion with the government Suppress activist investors. Toshiba’s largest shareholder stated in the first comment after the report was released, Find Provides “clear insight into dysfunctional corporate governance.”

5. New Zealand looks forward to the diversification of the UK and EU markets outside of China New Zealand’s goal is Agree to a free trade agreement Damien O’Connor, the Minister of Trade of the Pacific Countries, said that this year it will cooperate with the United Kingdom and the European Union to diversify the export market amid increasing tensions with China. Nonetheless, Wellington stated that New Zealand will continue to expand trade relations with Beijing.

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The days to come

Iranian presidential election As Iran’s centrist President Hassan Rouhani prepares to step down after Friday’s presidential election, data shows that the now extremely unpopular leader has already Betrayed many of his promises.

Boohoo faces shareholder resistance Boohoo will face Investor rebellion At today’s annual meeting, shareholders and advisors expressed concern about the role of its co-founders in the labor abuse scandal that shocked the fast-fashion company.

Euro 2020: England vs. Scotland Thousands of Scottish football supporters arrived in London early Friday’s Champions League game Although the mayor of the British capital called on those who do not have tickets or a safe place to watch the game stay away from the England team.

What are we still reading

Chinese entrepreneurs challenging the country Sun Dawu is one of China’s most outspoken businessmen. He is trying to bring higher incomes and a “quiet” life to local farmers. After he was arrested for a dispute with a neighboring state-owned farm, his vision and the town he built for the workers are now in danger.This also raises wider concerns Government cracks down on private enterprises.

Journey across the U.S. energy divide The United States’ pursuit of reducing fossil fuel combustion is causing political, cultural, and economic turmoil.Started by Derek Brower, American Energy Editor, Financial Times, UK 3,000 mile journey Efforts to postpone the energy transition through communities that rely on fossil fuels. For more information about Derek, subscription To FT Energy source communication.

The U.S. and Russia started “difficult work” after the summit The two countries held the summit under the trouble of mutual mistrust, without major differences, and agreed on a list of areas of cooperation.But flesh out the details and Making tangible progress will be more difficult, Russia issued a warning.

• View: Joe Biden’s appearance at the one-week international summit has only one purpose: to gather old gangs for the upcoming confrontation, Philip Stephens wrote.

AT&T: Back to basics The costly and humiliating decision to abandon Hollywood and divest its media assets is AT&T’s fourth time “reinventing” itself and returning to its roots-simple old telecommunications services.Its challenge is that it has Lagging far behind telecommunications competitors In 5G.

Velodyne’s family discord reveals Spac’s pitfalls David Hall and Brad Culkin are inventors, old colleagues and brother-in-law. But after the Spac deal and the bankruptcy of the board of their company Velodyne Lidar, in Hall’s words, they are now, Fall into a “fight of life and death.”

Life and art

What do you want to see this weekend? Commentary on Danny Leigh, the film screenwriter of the Financial Times In the highlands, The reason I jumped, Must be heaven, Killer’s wife’s bodyguard with father — Plus reissued 1996 classic Fargo.