Mixed stocks...Driverless fatal...Greener McDonalds
TOKYO (AP) — Global shares were mixed Tuesday as some indexes recouped earlier losses set off by an overnight decline on Wall Street. Investors are awaiting the first Federal Reserve meeting under the new chairman, Jerome Powell, and anticipating the first rate increase of the year. Futures point to a lower opening on Wall Street. Benchmark U.S. crude oil rose above $62.50 a barrel. The dollar recovered against the yen and fell against the euro.
TEMPE, Ariz. (AP) — A fatal pedestrian crash involving a self-driving Uber SUV in a Phoenix suburb could have far-reaching consequences for the new technology. The crash Sunday night in Tempe was the first death involving a fully autonomous test vehicle. Police said the Volvo was in self-driving mode with a human backup driver at the wheel when it struck a woman walking a bicycle outside the lines of a crosswalk in Tempe. Uber immediately suspended road-testing in the Phoenix area, Pittsburgh, San Francisco and Toronto.
NEW YORK (AP) — The company behind the golden arches wants to get greener. McDonald’s on Tuesday announced a number of steps it will take to cut the greenhouse gases it emits into the air, including tweaking the way the beef in its Big Macs and Quarter Pounders is produced. The world’s largest burger chain said it expects the changes to prevent 150 million metric tons (165 million tons) of greenhouse gas emissions from being released into the atmosphere by 2030, equal to taking 32 million cars off the road for a year.
BEIJING (AP) — Chinese Premier Li Keqiang appealed to Washington on Tuesday to “act rationally” and avoid disrupting trade over steel, technology and other disputes. He promised Beijing will “open even wider” to imports and investment. Li made no mention of a possible Chinese response in the event U.S. President Donald Trump raises import barriers over trade complaints against Beijing, but other officials say President Xi Jinping’s government is ready to act.
NEW DELHI (AP) — An Indian company that is partnering with the Trump Organization on an office tower project has been accused of running an elaborate real estate swindle that cheated investors out of nearly $150 million, according to complaints filed with Indian authorities. Ramesh Sanka, the former CEO of the real estate firm IREO, said in the documents obtained by The Associated Press that he saw “various acts of cheating, fraud and misappropriation of money.” The documents make no mention of the Trump Organization, and focus largely on two real estate deals that began years before.