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Shares rise...Insurance company warning...Olympic security

August 7, 2018

BEIJING (AP) — Global stock markets followed Wall Street higher Tuesday as strong corporate profits helped to defuse fears over U.S.-China trade tensions. Futures point to opening gains on Wall Street. Benchmark U.S. crude oil rose to just under $69.50per barrel. The dollar declined against the yen and the euro.

DETROIT (AP) — An insurance industry group warns that cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention. The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and public roads. The upshot is while they could save your life, the systems can fail under many circumstances.

TOKYO (AP) — A facial recognition system will be used across an Olympics for the first time as Tokyo organizers work to keep security tight and efficient at dozens of venues during the 2020 Games. Olympic and company officials say the NeoFace technology developed by NEC Corp. will be customized to monitor every accredited person — including athletes, officials, staff and media — at more than 40 venues, games villages and media centers.

LAS VEGAS (AP) — Wynn Resorts announced additional changes to its board of directors Monday, a truce with its top shareholder and the end to an internal investigation into the sexual misconduct allegations against the company’s founder that surfaced earlier this year. The appointment of industry veteran Phil Satre as vice chairman is the latest change to a board that has seen resignations and appointments since March. The move is among the many steps the casino operator’s leadership has taken to show it is committed to move the company onto a new chapter.

LONDON (AP) — Majority shareholder Stan Kroenke has made an offer to take full ownership of Arsenal in a deal that would value the English Premier League club at 1.8 billion pounds ($2.3 billion). The U.S.-based Kroenke Sports and Entertainment owns 67 percent of the club and has offered to purchase the 30 percent held by Alisher Usmanov’s Red and White Securities firm. The KSE, which also owns the NFL’s Los Angeles Rams, said it has received an “irrevocable undertaking” from Red and White Securities to accept the offer for its 18,695 Arsenal shares as soon as possible.

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