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Overseas stocks finish lower...Businessman convicted...Austria to ban plastic bags

December 5, 2018

LONDON (AP) — Wall Street will have to wait until tomorrow to react to President Donald Trump’s latest optimistic message on the trade dispute with China. Markets in New York were closed today for the national day of mourning for former President George H. W. Bush. But overseas, stocks fell -- with London’s main index down 1.2 percent and German stocks showing a decline of 1.2 percent.

NEW YORK (AP) — A federal jury in Manhattan has convicted a Hong Kong businessman of bribing the presidents of Chad and Uganda to secure oil rights for a Chinese energy conglomerate. Dr. Chi Ping Patrick Ho was found guilty of seven of eight counts of conspiracy, money laundering and violating the Foreign Corrupt Practices Act.

LONDON (AP) — The British Parliament has released some 250 pages worth of documents that show Facebook considered charging developers for data access. Parliament’s media committee seized confidential Facebook documents from the developer of a now-defunct bikini photo searching app as part of its investigation into fake news.

BERLIN (AP) — Austria’s Cabinet has approved a ban on most plastic bags, set to take effect at the beginning of 2020. Austria’s center-right government plans to ban all bags that aren’t fully degradable. It also plans to ban the addition of tiny plastic particles to cosmetic and cleaning products, unless the European Union has a solution to that issue before 2020.

KATOWICE, Poland (AP) — Environmental activists are naming Saudi Arabia and Brazil as “fossils of the day” at this year’s U.N. climate conference. The Climate Action Network awarded them the dubious honor, citing Saudi delegates’ efforts to oppose ambitious efforts to curb global warming.

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