“The U.S. will secure only 90 percent of profits from joint investments with Japan if it takes on a proportional amount of risk and financing, Tokyo said on Friday, as cracks widened in the two allies’ interpretation of their hastily agreed trade deal,” the Financial Times reports.

“Japanese officials said there was no written agreement with Washington — and no legally binding one would be drawn up — after Trump administration officials claimed Tokyo would back investments in the US from which American taxpayers would reap nine-tenths of the profits.”

“At least 16 people have been killed in armed clashes between Thailand and Cambodia, as tensions over a century-old border dispute spiral into the worst fighting between the two Southeast Asian nations in more than a decade,” NBC News reports.

“Since fighting began Thursday, the two sides have been progressively involving heavier weapons, including artillery and rocket systems, with clashes expanding to 12 locations from six.”

“The Kremlin on Friday ruled out any meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky before the last stage in signing a peace deal, definitively rebuffing the Ukrainian leader’s calls for a meeting and describing the two sides’ positions as ‘diametrically opposed,'” the Washington Post reports.

“The statement appears to effectively preclude any kind of top-level meeting in the near future and casts doubt on further progress in the peace talks within the 50-day deadline given by President Donald Trump for a peace deal to be reached before the United States imposes new sanctions on Russia.”