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BC-US-Business News Preview, US

June 8, 2018

Among the stories Friday from The Associated Press:

TOP STORIES:

TRUMP-G-7 — Solidifying his solo status on the world stage, President Donald Trump is lashing out at longtime allies over their critiques of his trade policies and plans an early exit from the annual Group of Seven meeting of industrialized nations. By Catherine Lucey, Rob Gillies and Zeke Miller. SENT: 1,070 words, photos. UPCOMING: Will be updated.

With:

TRUMP-G-7-THE LATEST — Running updates.

FINANCIAL MARKETS-TRADE TENSIONS — Stocks have traded erratically since late February as investors try to size up the impact of trade tensions between the US and major trading partners including China, Europe, Canada and Mexico. By Marley Jay. SENT: 410 words, photo. UPCOMING: Will be updated, photos, graphics.

With:

FINANCIAL MARKETS — Global stock markets fall ahead of a Group of Seven summit that promises to be tense as leaders confront U.S. President Donald Trump over tariffs he is imposing. SENT: 380 words, photos. UPCOMING: 700 words by 5 p.m.

— More on trade in a separate section below.

US VAPING SCHOLARSHIPS — A growing number of e-cigarette and vaporizer sellers have started offering college scholarships as a way to get their brands listed on university websites and to get students to write essays about the potential benefits of vaping. By Collin Binkley. SENT: 1,100 words, photo.

FRANCE-OBIT-BOURDAIN — American TV celebrity and food writer Anthony Bourdain was found dead in his hotel room Friday in France while working on his CNN series on culinary traditions around the world. He was 61. By Angela Charlton. SENT: 860 words, photos.

More on TRADE:

JAPAN-US-TRADE FEARS — While Donald Trump’s squabbles with Japan, Canada and Europe over steel tariffs grab headlines, companies such as Takashi Suzuki’s Sakae Casting Co. are forging their own deals with American states. By Yuri Kageyama. SENT: 670 words, photos.

CHINA-TRADE — China’s political sensitive trade surplus with the United States widened in May from a year earlier, while its total global surplus shrank as imports accelerated. SENT: 250 words, photo.

MARKETS & ECONOMY:

MAYORS CONFERENCE — American cities accounted for about 96 percent of the country’s job growth in 2017 as they added nearly 2 million new jobs, according to the latest annual report from a bipartisan coalition of mayors. SENT: 310 words.

INDUSTRY:

HEALTH INSURANCE-JUSTICE — The Trump administration said in a court filing late Thursday that it will no longer defend key parts of the Affordable Care Act, including the requirement that people have health insurance and provisions that guarantee access to health insurance regardless of any medical conditions. By Mark Sherman. SENT: 580 words, photo.

SPORTS BETTING-NJ — The first full day after New Jersey legislators approved a bill to legalize sports betting began with no one actually offering it yet. By Wayne Parry. SENT: 470 words, photo.

TECHNOLOGY & MEDIA:

CHINA-US-ZTE — Chinese tech giant ZTE Corp.’s chairman promised no further compliance violations and apologized to customers in a letter for disruptions caused by its violation of U.S. export controls, a newspaper reported. By Joe McDonald. SENT: 600 words, photo.

VERIZON-CEO — Verizon’s CEO is retiring and will be succeeded by its current chief technology officer, who is the former CEO of Ericsson. SENT: 110 words, photo.

BRITAIN-BT — British telecommunications company BT Group says its CEO, Gavin Patterson, will step down this year. SENT: 250 words.

TRUMP-KIM-SUMMIT-JOURNALISTS ARRESTED — Singapore police say they arrested two South Korean journalists while investigating a report of trespassing in the residence of the North Korean ambassador. SENT: 230 words.

MIT COMMENCEMENT-SANDBERG — Facebook Chief Operating Officer Sheryl Sandberg is set to deliver the commencement address at the Massachusetts Institute of Technology. SENT: 130 words. UPCOMING: Will be updated.

INTERNATIONAL:

CHINA-CENTRAL ASIA-XI’S REACH — China will seek to further promote its economic links with Central Asia during summit of the Shanghai Cooperation Organization but India’s skepticism will deny it unanimous support. By Dake Kang and Christopher Bodeen. SENT: 900 words, photos.

JAPAN-ECONOMY — Japan’s economy declined in the first quarter on weak consumer spending. By Nicola Shannon. SENT: 270 words, photos.

BREXIT — The European Union’s chief Brexit negotiator raised serious doubts on Friday about Britain’s proposal for keeping open its border with Ireland after it leaves the EU next year and warned that a solution must be found in coming months. By Lorne Cook. SENT: 510 words, photos.

CYPRUS-CASINO — A new casino resort in Cyprus that is expected to be Europe’s biggest will be the centerpiece of the Mediterranean island’s strategy to become a luxury tourism destination, the country’s president said. SENT: 320 words.

ITALY-G7-POPULIST PREMIER — When Italy’s new premier attends a summit of world leaders this week, his counterparts may wonder whether they are speaking with the person truly in charge. By Colleen Barry. SENT: 760 words, photos.

TURKEY-OBIT-DEMIROREN — Turkish businessman Erdogan Demiroren, who recently acquired Turkey’s largest media group, has died at age 79. SENT: 150 words.

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