In light of the disappearance and alleged murder of Saudi journalist Jamal Khashoggi, JP Morgan & Chase Co CEO Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference. President Trump said he does not want to cancel a major arms deal with Saudi Arabia over the missing journalist.
Angela Merkel’s sister party the Christian Social Union (CSU) is set to lose its absolute majority in Bavaria’s state parliament. The loss increases tensions between CSU and Merkel’s Christian Democratic Union (CDU). It is just the second time since 1962 that the CSU has lost its absolute majority. Merkel’s leadership is now under greater pressure.
American Pastor Andrew Brunson met with President Trump and thanked him for his work after being freed from his two-year detainment in a Turkish prison. Trump thanked Turkish President Recep Tayyip Erdogan for facilitating Brunson’s release. At least 22 people were killed when a lorry carrying migrants headed to Greece’s Samos Island crashed in Turkey.
Pope Francis granted sainthood to murdered Salvadoran Archbishop Oscar Romero at the Vatican on Sunday. The Pope praised Romero for his advocacy for peace and choice to be ‘close to the poor and his people.’ Romero was murdered by soldiers during a 1980 Mass. Pope Francis also canonized Pope Paul VI for 1960s Church reforms.
Sears Holdings plans to file for bankruptcy on Monday, leading to the closure of approximately 150 stores nationwide. Sears CEO Eddie Lampert stepped in to contribute to a financing package between $500 and $600 million to fund operations during bankruptcy proceedings. Various big banks are expected to provide significant contributions to the package.
The bodies of five South Koreans and four Nepalis who died when their Himalayan peak camp was destroyed by a snowstorm have been recovered. The victims suffered broken bones and head wounds in Nepal’s worst climbing accident in two years. The storm swept through the camp on Friday and the bodies were recovered on Sunday.