Frontrunning: July 17

- Iran has handed American academic Xiyue Wang a 10-year prison sentence on spying charges, the news agency for Iran's judiciary said, the latest in a string of such cases against foreigners that have raised alarm in the U.S. and Europe. on.wsj.com/2u0qQwI


- An error by Dow Jones & Co in configuring a cloud-computing service left addresses and other information about subscribers to some of its products, including The Wall Street Journal, exposed to possible unauthorized access. on.wsj.com/2u0eioU


- The co-founder of encrypted messaging app Telegram said Sunday that it will put together a team of moderators who are familiar with Indonesia's language and culture to remove terrorist-linked content after Indonesia's government limited access to the service and threatened a complete ban. on.wsj.com/2u024N0


- Citigroup Inc is revamping some of the benefits on its Prestige card in an effort to sweeten the deal for coveted affluent consumers who exceed high spending thresholds. on.wsj.com/2u0tbaE


 


FT


Philip Hammond has called for a Brexit transition deal that would give business a cushion of a "couple of years" after the UK leaves the EU as he accused hardliner cabinet members of trying to undermine him.


Barry Callebaut AG Chief Executive Antoine de Saint-Affrique said sales had accelerated in recent months and would return to a "normal rhythm" of growth as global chocolate sales are poised for a revival amid industry innovation and tumbling cocoa bean prices spur growth.


easyJet plc Chief Executive Carolyn McCall is set to be appointed head of ITV plc as early as Monday, as the UK's biggest commercial broadcaster ends its search for a successor to Adam Crozier.


 


NYT


- China's economy had expanded 6.9 percent in the second quarter, unchanged from the year-on-year growth rate in the first quarter. nyti.ms/2twiNFM


- Barclays chief executive John Varley and three other former top managers are expected back in court on Monday to answer charges that they, along with the bank, misrepresented arrangements with the Persian Gulf nation of Qatar when the bank raised money to weather the financial crisis in 2008. nyti.ms/2tvMFCb


- Securities and Exchange Commission upheld dismissal of an administrative case against a former Wells Fargo trader after two commissioners split on whether the evidence proved he had engaged in insider trading. nyti.ms/2twfYEF


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