BC-APFN-Business News Preview
Among the stories Tuesday from The Associated Press:
CHINA-TRUMP-TRADE — China unveiled a slew of changes under mounting pressure from U.S. President Donald Trump over technology. But the communist leadership does not appear likely to back down after Trump escalated the trade dispute Monday by approving penalties on an additional $200 billion of Chinese goods, according to economists, political analysts and business groups. By Joe McDonald. SENT: 1,200 words, photos. UPCOMING: May be updated.
US-CHINA-TARIFFS — China says it will take “counter-measures” to U.S. President Donald Trump’s decision to raise tariffs on $200 billion of Chinese imports and an American business group warned a “downward spiral” in their trade battle appears certain. By Joe McDonald. SENT: 920 words, photos.
— US-CHINA TARIFFS-THE LATEST — Running updates.
— More on US-China trade in a separate section below
SCREEN TIME CONTROLS — Apple and Google want to help you spend less time on their phones — really. Both companies are rolling out tools to help manage screen time. Apple’s tools, out Tuesday, will also let you control how long your kids spend on devices. By Anick Jesdanun. SENT: 870 words, photos.
PAPA JOHN’S-NEW ADS — Papa John’s, which wants to distance itself from founder John Schnatter, is releasing new ads that replace him with a diverse group of franchisees. By Joseph Pisani. SENT: 380 words, photo.
JAPAN-FLYING CARS — The Japanese government has started a “flying car” project, bringing together more than a dozen companies, including All Nippon Airways, electronics company NEC, Toyota-backed startup Cartivator and Uber, the ride-hailing service. By Yuri Kageyama. SENT: 1,150 words, photos, video.
More on TRADE:
TRADE-CHINA TARIFFS-Q&A — By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. By Paul Wiseman. SENT: 1,160 words, photos.
TRADE-CHINA TARIFFS-5 THINGS TO KNOW — By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world’s two largest economies — and the outcome is far from certain. Here is a look at 5 potential consequences. By Josh Boak. SENT: 1,250 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — U.S. stocks rise in early trading as investors weighed the White House’s decision to impose tariffs on another $200 billion of Chinese goods beginning next week. By Alex Veiga. SENT: 500 words, photos. UPCOMING: 700 words by 5 p.m.
MIDEAST-OIL — OPEC must stick together for the good of the global economy as founding member Iran faces renewed U.S. sanctions, the head of the cartel said — though he did not address how an already-tight market will make up for the loss of Iranian supply. By Jon Gambrell. SENT: 420 words, photos.
EUROPE-CAR EMISSIONS — European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission control systems. By Lorne Cook and David McHugh. SENT: 620 words.
SPACEX-MOON — Japanese billionaire Yusaku Maezawa says he plans to blast off on the first-ever private commercial trip around the moon and will invite six to eight artists, architects, designers and other creative people on the weeklong journey “to inspire the dreamer in all of us.” By Christopher Weber. SENT: 830 words, photos, video. First moved late Monday.
JAPAN-SPACEX-BILLIONAIRE — The Japanese billionaire who Tesla chief Elon Musk says plans to blast off on the first-ever private commercial space trip aboard the SpaceX Big Falcon Rocket often makes headlines in Japan. The SpaceX mission, set for takeoff in 2023, is just the latest exploit in tycoon Yusaku Maezawa’s colorful and ambitious career. By Yuri Kageyama. SENT: 580 words, photos.
CLEAN WATER-BREWERIES — Craft brewers are pushing for clean water regulations and preserving rivers and streams to protect their most important ingredient. By John Sewer. SENT: 720 words, photos.
ITALY-FERRARI — Sportscar maker Ferrari is blazing its trail under new leadership on limited edition cars based on iconic models of the past, unveiling Tuesday the first in the Icona special series billed as the most-powerful road car in the company’s history. By Colleen Barry. SENT: 350 words, photo.
IMPORTING MARIJUANA — In a rare move, the U.S. government has approved the importation of marijuana extracts from Canada for a clinical trial, highlighting a new avenue for American researchers who have long had trouble obtaining the drug for medical studies. By Gene Johnson and Julie Watson. SENT: 950 words, photo.
IOC-NEW SPONSOR — The IOC says insurance company Allianz signed as a worldwide sponsor from 2021 through the 2028 Los Angeles Olympics. SENT: 130 words.
GAS EXPLOSIONS — The pressure in natural gas pipelines prior to a series of explosions and fires in Massachusetts last week was 12 times higher than it should have been. SENT: 310 words, photos.
TECHNOLOGY & MEDIA:
FACEBOOK-DISCRIMINATION COMPLAINT — The ACLU is accusing Facebook of discrimination, saying the company violated federal and state laws prohibiting businesses from excluding women from job ads. By Barbara Ortutay. SENT: 160 words, photo. UPCOMING: Will be updated.
HOMES-RIGHT-CONNECTED FURNITURE — Furniture makers are responding to our multi-tasking lifestyle with seating and surfaces featuring integrated sockets and USB ports. Just keep your chair or table within range of a wall plug and you can tap into the furniture’s power source. By Kim Cook. SENT: 460 words, photos.
VIRTUAL REALITY-PHOBIAS — Virtual reality therapy can help people with phobias like fear of heights by exposing them gradually to their greatest terrors. The technology is just now reaching the mainstream after 20 years of research. By Medical Writer Carla K. Johnson. SENT: 920 words, photos, video.
IRAN-HACKING — A cybersecurity firm is warning that Iranian government-aligned hackers have stepped up their efforts in the wake of President Donald Trump pulling America from the nuclear deal. SENT: 140 words.
ISRAELI SPYWARE — Researchers say an increasingly notorious brand of Israeli surveillance software is being used further afield than previously known, with possible infections detected around the globe. SENT: 140 words.
GOOGLE-RENAULT-NISSAN-MITSUBISHI — Google is teaming up with Renault-Nissan-Mitsubishi to add the search giant’s Android mobile operating system to the auto alliance’s dashboard media systems. SENT: 130 words.
NERDWALLET-INTROVERT TRAVEL — Travel can be busy, noisy and crowded — a potentially daunting environment for anyone. But if you’re an introvert, it can drain your internal battery. By Melissa Lambarena, NerdWallet. SENT: 760 words, photo.
EASTERN EUROPE-SUMMIT — U.S. Energy Secretary Rick Perry says Europe should lessen its dependence on Russian gas and diversify energy sources, speaking at a summit to improve ties between eastern Europe and the U.S. and the European Union. By Alison Mutler. SENT: 410 words, photos.
BREXIT — A top European Union official says Britain and the EU could yet fail to reach an agreement on the terms of their divorce, just six months before the U.K. is due to leave the bloc. SENT: 110 words.
BRITAIN-IMMIGRATION — Citizens of European Union countries should not have easier access to the U.K. after Brexit than people from other parts of the world, a government-commissioned report recommended Tuesday. By Jill Lawless. SENT: 520 words, photo.
JAPAN-UK-FOREIGN SECRETARY — British Foreign Secretary Jeremy Hunt says the U.K. will flourish with or without an agreement on its relationship with the European Union after it leaves the grouping next year. By Ken Moritsugu. SENT: 420 words, photos.
KOREAS-SUMMIT-MOON’S ENTOURAGE — The huge civilian entourage Seoul sent to the latest inter-Korean summit includes the third-generation heir of South Korea’s largest business group and a Colorado-born pop diva nicknamed the “Korean Beyonce.” By Kim Tong-Hyung. SENT: 720 words, photos.
SPAIN-WHISTLEBLOWER — A Spanish court rejects a request to extradite a former HSBC employee to serve a five-year prison sentence in Switzerland, where he was convicted for leaking a massive trove of bank data that led to tax evasion probes worldwide. By Aritz Parra. SENT: 330 words, photos.
NETHERLANDS-ECONOMY — The Dutch economy will grow by 2.6 percent next year and unemployment will fall to a record low of 3.5 percent, the government said as it presented its budget plans for the coming year. SENT:280 words, photos.
GREECE-GOLD MINE — Canadian gold mining firm Eldorado Gold is seeking 750 million euros ($875 million) in damages from the Greek state over delays in permits for mining work in the north of the country. SENT: 140 words.