Executive Summary

• Google is launching a fleet of 25–50 driverless cars for testing on the streets around its Northern California headquarters.
• South Korea could follow other countries’ lead by allowing nonbanking companies to invest in financial subsidiaries.
• The UK recorded its first period ever of deflation since recordkeeping began in the year ended April 2015.
• An expansion of the Panama Canal, expected to be completed in 2016, could offer an alternative to US West-Coast ports.