BC-APFN-Business News Preview
Among the stories Friday from The Associated Press:
US-CHINA-TARIFFS-IMPACT — The world’s two biggest economies have fired the opening shots in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. By Paul Wiseman and Josh Boak. SENT: 980 words, photos.
US-CHINA-TARIFFS — The United States and China launch what Beijing called the “biggest trade war in economic history,” imposing tariffs on billions of dollars of each other’s goods amid a spiraling dispute over technology. By Joe McDonald, Paul Wiseman and Darlene Superville. SENT: 810 words, photo. UPCOMING: Will be updated.
— US-CHINA-TARIFFS-THE LATEST — Running updates.
— TRADE GAP — The U.S. trade deficit dropped in May to the lowest level in 19 months as U.S. exports rose to a record level. But the trade gap between the United States and China increased sharply, underscoring the economic tensions between the world’s two biggest economies. By Martin Crutsinger. SENT: 550 words, photo.
ECONOMY-JOBS REPORT — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a potentially punishing trade war with China. However, the unemployment rate rose to 4 percent from 3.8 percent, as more people began looking for jobs. By Josh Boak. SENT: 650 words, photos. UPCOMING: Will be updated.
— ECONOMY-JOBS REPORT-INDUSTRIES-GLANCE
— ECONOMY-JOBS REPORT-DEMOGRAPHICS-GLANCE
PRUITT-EPA-INDUSTRY — In his short tenure, EPA Administrator Scott Pruitt moved to roll back environmental regulations affecting industries from autos and agriculture to mining. His efforts included trying to reverse tougher emissions standards on coal plants, kill tougher fuel-efficiency rules for vehicles, and suspend tougher rules on runoff from farms. That legacy is likely to survive under his successor. By David Koenig. UPCOMING: 500 words by noon.
MARKETS & ECONOMY:
FINANCIAL MARKETS — Stocks are opening higher on Wall Street following a solid jobs report, keeping the market on track for a weekly gain after two weeks of losses. SENT: 450 words, photos. UPCOMING: 700 words by 5 p.m.
TAKATA-RECALL — Mazda is recalling nearly 270,000 vehicles with Takata airbags that have the potential to explode. SENT: 130 words.
MANHATTAN-GLAMPING — Roughing it? Hardly. Luxury tents on New York City’s Governors Island offer hotel-like comforts along with stunning views. By Deepti Hajela. SENT: 470 words, photos, video.
GERMANY-VW-DIESEL PROBE — Germany’s highest court says investigators can examine internal documents seized last year from automaker Volkswagen as part of a probe into the diesel emissions scandal. SENT: 140 words.
TECHNOLOGY & MEDIA:
RUSSIA-CYBERSECURITY — President Vladimir Putin has called for closer international cooperation in fending off cyberattacks. SENT: 240 words, photos.
BREXIT — British Prime Minister Theresa May faces resistance and potential rebellion from hard-core Brexit backers in her Conservative government as she gathered her fractious Cabinet to hammer out a plan for future trade with the European Union. By Jill Lawless. SENT: 710 words, photos.
— BREXIT-AIRBUS — Aviation giant Airbus underscores its threat to leave Britain if the country exits the European Union without an agreement on future trading relations, noting that the company is already taking steps to mitigate a worst-case scenario. By Danica Kirka. SENT: 430 words, photo.
GERMANY-FINANCES — The German government says its 2019 budget will comply with eurozone debt limits for the first time in 17 years. By David McHugh and Frank Jordans. SENT: 360 words, photo.
Also: — GERMANY-ECONOMY — German factory production surged in May, further allaying economists’ fears that Europe’s largest economy might be cooling. SENT: 130 words.
CLIMATE-WEALTH-FUNDS — The sovereign wealth funds of major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener economy. By Sylvie Corbet. SENT: 390 words, photo. UPCOMING: Will be updated from meeting scheduled to begin at noon.
MALAYSIA-CHINA — Prime Minister Mahathir Mohamad said Friday he will visit Beijing next month to renegotiate terms for China-backed rail and gas pipeline projects in Malaysia worth more than $22 billion. By Eileen Ng. SENT: 400 words, photos.