News Headlines - 25 June 2014

Hacking trial exclusive: Rebekah Brooks and Andy Coulson cautioned in corporate investigation - The Independent

The Independent can reveal the two former News International editors were formally warned by the Metropolitan Police in May 2012 during an investigation into the corporate liabilities of the newspaper group – recently rebranded News UK.

Iraq insurgents seize oilfields, hit air base as U.S. advisers arrive | Reuters

Militants attacked one of Iraq's largest air bases and seized control of several small oilfields on Wednesday as U.S. special forces troops and intelligence analysts arrived to help Iraqi security forces counter a mounting Sunni insurgency.

US economy shrunk by 3% in quarter one, worst setback in five years - The Global Dispatch

Gross domestic product, the broad measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of the year, according to the Commerce Department’s third reading released Wednesday. That was the fastest rate of decline since the first quarter of 2009, when output fell 5.4%, and matches the average pace of declines during the recession.

BBC News - Google reveals first Android Wear watches to go on sale

Google has announced the first smartwatches powered by its Android Wear operating system are now available for pre-order.

Forbes Launches In Japan - Forbes

Today marks the launch of Forbes Japan, a monthly magazine published in Japanese for the country’s leading CEOs and entrepreneurs. The first issue of the magazine is now available at newsstands across Japan.