BC-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
AP EXPLAINS-WHAT IS 5G? _ To industry proponents, it’s the next huge innovation in wireless internet. To the U.S. government, it’s a dangerous opportunity to Chinese companies to open up the internet to (non-US) spying. What, exactly, is 5G wireless -- and will you even notice when it comes online? By Mae Anderson and Tali Arbel. UPCOMING: 650 words by noon, photos.
VENEZUELA-CURRENCY CRISIS _ Venezuela’s currency controls for years have made exchanging money a stressful ordeal of searching for illegal currency dealers, logging into banned websites, and sending wire transfers to foreign banks. But as President Nicolas Maduro’s socialist government runs out of hard currency amid mounting international pressure and economic punishments, it has begun encouraging Venezuelans to sell their greenbacks to the official financial system by offering a better exchange rate than the black market. By Manuel Rueda. SENT: 880 words, photos.
FOREVER CHEMICALS-EMERGING THREAT _ The government is looking at how to respond to a public push for stricter regulation of chemicals found on many fabrics, rugs and carpets, cooking pots and pans, outdoor gear, shampoo, shaving cream, makeup and even dental floss. By Ellen Knickmeyer, Michael Casey and John Flesher. SENT: 1,000 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS _ World markets mostly rise as traders look ahead to a new round of trade talks between U.S. and Chinese officials in Beijing this week. SENT: 500 words, photos. UPCOMING: Will be updated throughout trading, about 700 words by 5 p.m.
NORWAY-STOCK EXCHANGE _ Netherlands-based Euronext has increased its offer to acquire the Oslo stock exchange, stepping up a bidding war with rival Nasdaq, which owns all the other bourses in the Nordic-Baltic region. SENT: 130 words.
PG&E-BOARD _ Half of the board at PG&E is unlikely to stand for re-election at the besieged utility company that is reeling in the aftermath of last year’s deadly California wildfires. SENT: 210 words, photo.
TECHNOLOGY & MEDIA:
TRUMP-ARTIFICIAL INTELLIGENCE _ President Donald Trump plans to sign an executive order directing federal agencies to prioritize research and development in the field of artificial intelligence. By Cathy Bussewitz. SENT: 130 words. UPCOMING: Update from 3 p.m. event.
CYBERSECURITY-PRIVATE SPYING OPERATIVES _ When mysterious operatives lured two cybersecurity researchers to meetings at luxury hotels last month, it was an apparent bid to record them making inflammatory statements about an Israeli company that makes smartphone hacking tech used by some governments. The Associated Press has learned of similar efforts targeting at least four other individuals who have raised questions about the use of the Israeli firm’s spyware. By Raphael Satter. SENT: 2,200 words, photos. First moved in a previous cycle.
NERDWALLET-LIZ WESTON-COMPANIES-FLUNK RETIREMENT _ Phased retirement could allow employees to work longer and let companies retain knowledge and skills, but only 1 in 10 companies offers it. Flexible work arrangements can help younger workers, too. By Liz Weston. SENT: 820 words, photos.
BRITAIN-ECONOMY _ Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed. By Pan Pylas. SENT: 750 words, photos.
NICARAGUA-SOCIAL SECURITY ANGST _ Economists and businesspeople in Nicaragua say a new social security overhaul that will raise payroll taxes and cut pensions threatens to have even more severe effects than a similar one last year that sparked months of protests and a deadly crackdown in the biggest challenge ever to President Daniel Ortega’s power. The fear is it could plunge the country into deeper recession and unemployment. Government officials say it is needed to bolsters an overburdened social security system. UPCOMING.
MALAYSIA-NAJIB-CORRUPTION _ Former Malaysian Prime Minister Najib Razak is hardly lying low ahead of his corruption trial on charges related to the multibillion-dollar looting of the 1MDB state investment fund. He has crooned about slander in an offbeat music video and vilified the current government on social media to counter portrayals of him as corrupt and out of touch. Najib denies wrongdoing and won a delay of proceedings on Monday. By Eileen Ng. SENT: 810 words, photos.
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