Stocks gain...Fighting cyber attacks...Brexit talks
TOKYO (AP) — International stock markets were higher today after Wall Street ended last week barely higher and investors watched for Brexit talks set to start later in the day. Futures point to a slightly higher Wall Street opening. Benchmark U.S. crude oil fell but remains just above $44.50. The dollar fell against the yen and the euro.
BRUSSELS (AP) — European Union foreign ministers have agreed to prepare a joint response to cyberattacks in the 28-nation bloc, including imposing sanctions on offenders. The ministers said in a statement Monday that they would develop a “cyber-diplomacy toolbox” to respond to malicious activities online. They expressed concern at the “increased ability and willingness of state and non-state actors to pursue their objectives” through cyberattacks, and pledged a united response.
BRUSSELS (AP) — After almost a year of waffling, Britain finally opens negotiations with its European Union counterparts today about leaving the bloc, with the final outcome, due in 2019, as important as it now seems unpredictable. While the EU negotiating team led by Michel Barnier has been ready for months, Britain stalled even after it triggered the two-year process on March 29. An early election this month, in which Prime Minister Theresa May lost her majority, only added to the problems.
PARIS (AP) — Boeing is announcing plans for a new, longer version of its 737 Max jet at the Paris Air Show in hopes of boosting orders for the single-aisle plane in its race with European rival Airbus. The CEO of Boeing’s commercial planes operations, Kevin McAllister, said Monday that the 737 Max-10 will offer customers more flexibility and seating space. It is expected to cost a bit more than the 737 Max-9, which runs at $119 million according to list prices. The Max series of jets aim at a similar short- to mid-range market.
BRUSSELS (AP) — The European Union has approved 377 million euros ($420 million) in state aid from France and Germany for the development of a new Airbus helicopter. EU Competition Commissioner Margrethe Vestager said Monday that the subsidies will boost private investment in the project and “help bring a new generation of innovative heavy helicopters to the market” without distorting competition in the 28-nation bloc. Vestager said the X6 helicopter project exceeds the self-financing capacity of Airbus, allowing for state aid to go ahead.