The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
* Network outage took emergency service number offline
* KPN CEO Ibarra to leave at end of September
* Ibarra cites "family reasons" for return to Italy (Updates with Justice Minister comments)
AMSTERDAM, June 25 (Reuters) - The Netherlands launched an inquiry on Tuesday into a nationwide network outage at telecoms company KPN that knocked out emergency service numbers for nearly four hours.
Monday's network problem, which rendered national police, ambulance and fire department emergency numbers unreachable, did not appear to be the result of a security breach, KPN said, without giving any further details.
Justice Minister Ferd Grapperhaus told Dutch lawmakers that during the outage three KPN backup systems had failed, and the government had moved to an "analogue" play-book crafted for situations in which digital services failed.
That involved sending police and firefighters onto the street and directing people with health emergencies to seek their own transportation to hospitals.
There were no reports of serious mishaps as a result of the outage, which prompted calls for a change in the system.
"I want to investigate thoroughly how the outage at KPN could have started and the consequences for emergency services, and then also look at how the crisis management went," Grapperhaus said in the Dutch parliament.
In addition to other problems, a new national alert system that posts messages directly to cell phones had failed to work in many cases, and sent multiple messages in others.
And in one message it accidentally listed a newspaper's tip-line as an alternate phone number for emergency services.
"If three fail-safes don't work then something is seriously wrong," Socialist Party lawmaker Ronald van Raak said.
"If there is such bungling at KPN then we should make sure that a different provider, a different telecommunications company can take it over, right?"
Grapperhaus agreed he would look at the possibility.
KPN was privatized in the 1990s but is still the country's largest telecoms group, followed by subsidiaries of Vodafone and T-Mobile.
Two people died during an outage of the Dutch emergency services numbers in 2012 and then-Justice Minister Ivo Opstelten said measures had been taken to prevent a recurrence.
CEO TO LEAVE
The morning after the outage KPN announced that chief executive Maximo Ibarra will leave due to "family reasons" after a little over a year in the job, adding that the Colombian-Italian executive's decision was not linked to the outage.
Ibarra will return to Italy where he will take charge of Comcast's Sky Italia pay-television business, two sources close to the matter said..
"I regret the timing, but family reasons gave me no choice," Ibarra said in a statement. "I will dedicate myself in the coming months to securing a seamless transfer to my successor."
Ibarra will stay at KPN, whose shares traded 2.4% lower by 1105 GMT, until the end of September as it seeks a replacement.
KPN has sold its international activities and now only serves the Dutch market, selling bundles of telephone, internet and TV services to consumers and businesses. (Reporting by Toby Sterling; additional reporting by Elvira Pollina in Milan. Editing by Louise Heavens, Keith Weir and Alexander Smith)