BC-Business News Preview
Among the stories Wednesday from The Associated Press:
US-CHINA TRADE-ECONOMIC PRESSURES — The Trump administration and China are each facing an increasingly urgent reason to blink in their six-month stare-down over trade: jittery financial markets and portents of economic weakness in both countries. The longer their trade war persists, the longer companies and consumers will feel the pain of higher prices on imports and exports. Yet those pressures, analysts say, could make a resolution to the conflict in the near future potentially more likely. By Paul Wiseman and Joe McDonald. UPCOMING: 900 words by 11 a.m., photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — The stock market had a sour start to the New Year as big technology companies took more losses. SENT: 600 words, photos. UPCOMING: Will be updated, around 700 words by 5 p.m.
TESLA SALES — Shares of electric car and solar panel maker Tesla Inc. tumble after the company cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates. By Tom Krisher. SENT: 270 words, photos.
QATAR AIR-CHINA — Qatar Airways says it now holds a 5 percent share in China Southern Airlines, helping expand the Gulf carrier’s reach in one of the world’s fastest growing aviation markets. SENT: 140 words
TECHNOLOGY & MEDIA:
SAUDI-NETFLIX — Netflix is facing criticism for pulling an episode from viewing in Saudi Arabia of American comedian Hasan Minhaj’s “Patriot Act” that criticized the kingdom’s crown prince. SENT: 130 words.
PODCASTING INMATE — In California, inmates typically are granted parole by doing good deeds or showing they have been rehabilitated by becoming pastors, drug counselors or youth advocates. For Walter “Earlonne” Woods, the path to freedom was podcasting. By Olga R. Rodriguez. SENT: 900 words, photos.
ITALY-BANKS — The European Central Bank has appointed temporary administrators for Italian bank Carige in a bid to save the troubled lender. SENT: 130 words.
GAZA-FISH PEDICURE — Gaza cafe owner’s business is booming after launching fish pedicure service in beleaguered territory. By Fares Akram. SENT: 500 words, photos.
BRAZIL-BOLSONARO — Brazil’s new president is making it all but impossible for lands of indigenous tribes to be identified and demarcated. SENT: 140 words, photo.