News Headlines - 04 June 2016

▽Paris floods: Seine at 30-year high as galleries close - BBC News

The Louvre and Orsay museums were shut while staff moved artworks to safety as flood levels climbed above 6m (18ft).
The Seine is set to reach as high as 6.5m and unlikely to recede over the weekend, with more downpours forecast.

▽Pope scraps abuse tribunal for negligent bishops | Daily Mail Online

Pope Francis on Saturday scrapped his proposed tribunal to prosecute bishops who covered up for pedophile priests and instead laid out legal procedures to remove them if the Vatican finds they were negligent.

▽China urges U.S., Japan to stop pointing fingers on South China Sea - Xinhua

The Chinese foreign ministry on Saturday urged the United States and Japan to stop pointing fingers at China on the South China Sea.

▽SoftBank to Sell Most of Its GungHo Stake - WSJ

GungHo said it plans to buy back the stake through a tender offer starting from June 3 through June 20 for \294 per share. Shares of GungHo closed at \302 Friday.
The move comes a week after the telecom giant said it was selling its shares in Alibaba Group Holding Ltd. in which SoftBank could raise about $10 billion in total.

▽Italy elects mayors in test for PM Renzi | Reuters

Italians vote on Sunday to choose mayors of the largest cities in elections that will test the popularity of Prime Minister Matteo Renzi and could produce a big breakthrough for the anti-establishment 5-Star Movement.