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The father of the accused Manchester bomber said he couldn’t believe that his 22-year-old son had carried out the attack that killed 22 people on Monday evening, he told Bloomberg in an interview in Tripoli. Ramadan Abedi said that his son, Salman, made frequent trips to Libya, including one just last week. In the aftermath of the attack, and with the threat level raised to “critical,” soldiers were deployed on the streets of London on Wednesday. Authorities warned another attack could be “imminent,” and there were indications Abedi didn’t act alone. The U.K. government also urged social-media companies such as Facebook and Twitter to do more to tackle terror posts. — Andy Reinhardt
This $55 billion fund manager is shorting the pound. BlueBay Asset Management began selling sterling last week, betting that the U.K. is headed for a damaging Brexit process, no matter the outcome of parliamentary elections on June 8. That lines up with the median forecast of analysts surveyed by Bloomberg News. The analysts see the pound declining about 3 percent by the end of 2017.
Drilling in. Democratic lawmakers in the U.S. have asked Deutsche Bank to hand over information on two politically charged matters: its banking on behalf of now-President Donald Trump and trades from the bank’s Moscow operation that helped move some $10 billion out of Russia.
More London property woes. The number of buyers using mortgages to purchase London homes fell by almost a fifth in the first quarter as high values and limited supply damped demand. A widening gap between home prices and wages, coupled with tax increases and political uncertainty, have contributed to a drop in demand for London housing.
Pope Francis believes climate change is one of the greatest threats to humanity. Donald Trump thinks it might be a Chinese hoax. At their first meeting on Wednesday at the Vatican, the Pope gave Trump a copy of his 2015 encyclical calling for urgent, drastic cuts in fossil-fuel emissions. Francis’s choice of gift suggests he added his voice to those urging Trump not to turn his back on the Paris accord, which is the cornerstone of global efforts to limit climate change.
A former SpaceX technician says his concerns about test results got him fired. Jason Blasdell’s lawyer told a jury he was fired for complaining to management that rocket-building protocols weren’t followed and results were falsified, jeopardizing safety. Blasdell says he took his concerns to Elon Musk, founder and chief executive officer of Space Exploration Technologies Corp., in the months before he was terminated, purportedly for being “disruptive.”
Around the world in 30 steaks. Restaurant food doesn’t get much simpler than a properly cooked chunk of beef—and rarely delivers so much pleasure. And yet it’s easy to ruin a steak, so picking a random steakhouse while traveling can be a risky bet. From Los Angeles to London to Tokyo, here’s where some of the biggest names go for their favorite cut.
Compiled by Andy Reinhardt and Leila Taha