Here is the latest news from The Associated Press at 10:40 a.m. EDT
BEIJING (AP) — The Dow is down 500 points after China announced retaliatory tariffs against the United States. China said Monday that there will be tariff hikes on $60 billion of U.S. imports after the Trump administration on Friday raised tariffs on $200 billion in Chinese imports from 10%, to 25%.
NEW YORK (AP) — Today’s lower opening on Wall Street extends last week’s slide, with technology stocks bearing the heaviest losses. Apple and Microsoft fell. The latest escalation in the trade dispute with China is casting doubt on a quick resolution and increasing the risk of stunting global economic growth. Trade talks wrapped between the two nations on Friday with no agreement.
LOS ANGELES (AP) — Doris Day, whose wholesome screen presence stood for a time of innocence in ’60s films, has died, her foundation says. She was 97. The Doris Day Animal Foundation confirmed Day died early Monday at her Carmel Valley, California, home. The foundation says in an emailed statement she was surrounded by close friends and “had been in excellent physical health for her age, until recently contracting a serious case of pneumonia.”
DUBAI, United Arab Emirates (AP) — The owners of a Norwegian-flagged oil tanker say their vessel sustained a hole in its hull from “an unknown object” while off the coast of the United Arab Emirates, amid what Gulf officials describe as sabotage targeting ships there. Thome Ship Management said in a statement Monday that the MT Andrea Victory was still off the coast of Fujairah and was “not in any danger of sinking.”
BADOUSH, Iraq (AP) — It has been more than a year and a half since the fall of the so-called caliphate, and Iraq’s military is still engaged in a relentless fight against the Islamic State group. Now the war is more underground. Militants emerge from mountain hideouts to carry out bombings, kill opponents and intimidate residents, working to rebuild their networks. The military is fighting back with an intelligence war, using informants, raids and sweeps in an attempt to root out IS’s remnants.