Jan 19, 2019

Wife of detained Interpol president applies for asylum in France

Former Interpol President Meng Hongwei. Photo: Mikhail Metzel/AFP/Getty Images

Grace Meng, the wife of the former Interpol president who suddenly resigned and was detained in China last fall, has applied for asylum in France, the New York Times reports.

Details: Meng told the newspaper Libération that she's afraid she'll be kidnapped if she goes back to China, where "such strange things happen" and "fundamental rights are not respected." According to the Times, Meng said she has not had contact with her husband since his arrest, which she believes was "for a political reason."

Go deeper: The new age of hostage diplomacy

Go deeper

SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.