World markets mostly higher … Avoiding US tariffs … New BMW electric mini
SINGAPORE (AP) – World markets are mostly higher as positive economic data from Britain and beyond soothes jitters over the resignation of two of its top ministers over Brexit. France’s CAC 40 is up 0.3 percent today and Britain’s FTSE 100 is 0.1 percent higher in narrow trading. Major U.S. indexes are set to open higher.
BEIJING (AP) – European companies that export from China are changing their flow of goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.-Chinese trade war. The president of the European Union Chamber of Commerce in China says one company moved final assembly of products to the United States. He says others are “scrambling to rearrange supply chains” so goods bound for the U.S. don’t pass through China.
BEIJING (AP) – BMW says it will make an electric version of its MINI car in China with the country’s biggest SUV brand, Great Wall Motor. The new venture comes as automakers pour billions of dollars into developing electric models for China.
TOKYO (AP) – Japanese internet company SoftBank Corp. is investing about $2 billion to raise its stake in Yahoo Japan from about 43 percent to 48 percent, through an acquisition from U.S. investment company Altaba Inc. SoftBank has been boosting its collaboration with Yahoo Japan, a search-engine company, to strengthen its e-commerce, smartphone services and other businesses. SoftBank says Altaba’s stake will be reduced to 27 percent.
SAN FRANCISCO (AP) – Today is the 10th anniversary of Apple’s app store. A decade ago, Apple opened a store peddling iPhone apps, letting users truly take control of their mobile devices. Since its debut, Apple’s app store has unleashed new ways for users to work, play, and become lost in their screens.