European shares retreat ... In search of a new Brexit plan ... South Korea gets the jump on 5G
BANGKOK (AP) — Shares retreated in Europe today after a group of German economic research institutes warned of trouble ahead for manufacturing, especially if Britain exits the European Union without a divorce deal. Germany’s DAX fell 0.2% and the CAC 40 in France sank 0.3% percent. The FTSE 100 in Britain tumbled 0.7%. In Asia, Hong Kong’s Hang Seng fell 0.2%, but Japan’s Nikkei 225 index gained 0.1%, and South Korea’s Kospi edged 0.2% higher. Shares on Wall Street look set for a slow start.
LONDON (AP) — The British government and senior opposition figures are meeting today in search of a new plan for leaving the European Union, as Prime Minister Theresa May tries to stop her shift toward compromise splitting her governing Conservative Party. May faces fury from anti-EU Conservatives after she agreed to talks with Labour Party leader Jeremy Corbyn, who favors a softer form of Brexit than that advocated by the government.
TOKYO (AP) — A Tokyo prosecutor is defending the re-arrest and detention of Nissan’s former chairman Carlos Ghosn (gohn). Shin Kukimoto, deputy chief prosecutor at Tokyo District Prosecutors’ Office, says the allegations behind the arrest, the fourth since Nov. 19, are a new, separate case involving different motives and people. He says Ghosn had to be arrested because of flight risk and concerns about a possibility he may destroy evidence on the new allegations.
SAN FRANCISCO (AP) — Tesla’s assembly lines slowed and deliveries fell during a rocky start to the new year that is likely to magnify nagging doubts about the company’s ability to post sustained profits. The Palo Alto, California, company churned out 77,100 vehicles from January to March, well behind the pace it must sustain to fulfill CEO Elon Musk’s pledge to manufacture 500,000 cars annually. The company only delivered 63,000 vehicles in the quarter, down 31% from 2018′s fourth quarter.
SEOUL, South Korea (AP) — South Korea’s telecommunications carriers have turned on super-fast 5G mobile internet networks abruptly ahead of schedule in an attempt to ensure the country becomes the first in the world to launch the services. The carriers say 5G-enabled smartphones are capable of downloading data 20 times faster than existing 4G devices, which in theory would enable users to download movie files almost instantly. The 5G networks of the three South Korean mobile operators went live at 11 p.m. Wednesday.