Business

Business

China's Li says German companies welcome amid US trade spat

China Germany

BEIJING (AP) — Premier Li Keqiang said Thursday that China welcomes German companies during a visit by Chancellor Angela Merkel that gives Beijing an opportunity to try to recruit an ally in its trade feud with U.S. President Donald Trump. Both China and Germany are embroiled in disputes with...


Business

Global stocks subdued as US mulls auto import tariffs

Japan Financial Markets

BANGKOK (AP) — World stock markets were subdued Thursday as carmakers’ shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts. KEEPING SCORE: Germany’s DAX was flat at 12,975 and the CAC 40 in France rose 0.4 percent to 5,589....


Business

Spanish ruling party fined in major corruption case

Spain Corruption

MADRID (AP) — The conviction of more than two dozen Spanish businesspeople and officials in a major corruption scandal triggered political turmoil Thursday after the court ruled that the country’s governing party benefited from the biggest kickbacks-for-contracts scheme in four decades of...


Business

The Latest: EU says US car tariffs would break trade rules

China US Trade

WASHINGTON (AP) — The Latest on the Trump administration’s interest in putting tariffs on auto imports (all times local): 6:50 a.m. European Commission Vice-President Jyrki Katainen says that any U.S. plan to unilaterally raise tariffs on auto imports “obviously would be against” rules of the World...


Business

Deutsche Bank to slash thousands of jobs to control costs

EU Deutsche Bank

FRANKFURT, Germany (AP) — Deutsche Bank is slashing thousands of jobs as Germany’s largest lender refocuses its global investment banking business on Europe and seeks to return to steady profitability. The bank said Thursday it would cut its workforce from 97,000 to “well below” 90,000 in order to...


Business

Autonomous Uber spotted pedestrian 6 seconds before fatal strike; didn't stop because

DETROIT (AP) — Autonomous Uber spotted pedestrian 6 seconds before fatal strike; didn’t stop because emergency braking was disabled.


World

Car-sharing service car2go suspending operations in Toronto

TORONTO (AP) — The car-sharing service car2go says it is indefinitely suspending its operations in Canada’s largest city because parking regulations make its business inoperable. The German-based company sent an email to its 80,000 users on in Toronto on Thursday saying it will suspend operations...


Business

BC-TN-Tennessee Livestock, TN

NV—LS139 Tennessee Daily Composite Market Report, USDA-TN Dept of Ag Market News Reported auctions on Wednesday, May 23, 2018 at Knoxville, Savannah, and Sweetwater. Receipts: 1,462 Last Week 1,945 Last Year 930 Compared to the same sales last week, Knoxville: Slaughter cows/bulls mostly steady....


Business

Macron wants to make France gateway to Europe for tech firms

France Tech Show

PARIS (AP) — French President Emmanuel Macron called on tech leaders Thursday to invest in France, saying his innovation policies aim to make the country the gateway to Europe. Speaking partly in English in front of CEOs and other leaders of the tech industry, Macron said “it’s because France is...


Business

Boston-bound flight hits bird, returns safely to Buffalo

BUFFALO, N.Y. (AP) — A JetBlue flight out of Buffalo struck a bird shortly after takeoff and returned safely to the airport. JetBlue says Flight 2216 bound for Boston struck a bird shortly after 6 a.m. Thursday. The plane had been in the air for about 10 minutes. JetBlue says the captain decided to...


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