News Headlines - 06 February 2018

▽May says Brexit transition deal will be agreed in seven weeks

British Prime Minister Theresa May said on Friday that a Brexit transition period will be agreed with the European Union in seven weeks as she tries to ease concerns that a deal may take longer to reach.

▽Trump Tax Cut, RAV4 Sales Help Toyota Lift Forecast to Record - Bloomberg

Toyota Motor Corp. announced a surprise earnings boost on Tuesday, forecasting record profit, on the popularity of its RAV4 sport utility vehicle in the U.S and thanks to several billion dollars from President Donald Trump’s corporate tax cuts... Toyota said Tuesday it sees profit rising to 2.4 trillion yen ($22 billion) in the year through March, up from the 1.8 trillion yen it forecast in November. Tax cuts added about 290 billion yen to the bottom line

▽Samsung scion Lee walks free after jail term suspended, faces leadership challenges

Seoul High Court sentenced Lee to two and a half years in jail on charges including bribery and embezzlement - reducing the original term by half - but suspended the sentence for four years, meaning that he is unlikely to serve any more time in jail.

▽SpaceX Launches Falcon Heavy Rocket at Cape Canaveral - The Atlantic

On Tuesday, the rocket dreamed up by SpaceX CEO Elon Musk stood 230 feet tall, on the famed launchpad at Kennedy Space Center where the Saturn V flew the first humans to the moon. An estimated 100,000 people traveled here to watch the Falcon Heavy power up and rise into the sky.

▽Japan's Princess Mako postpones marriage to Kei Komuro - CNN

Japan's Princess Mako and her commoner fiance Kei Komuro have postponed their highly anticipated engagement and wedding until at least 2020, saying they were not yet ready for marriage.
The wedding, which had been set for November, was to be a momentous occasion for the country and the Japanese royal family, led by Emperor Akihito, who plans to abdicate in April 2019.