World markets mixed … China delays issuing licenses to American businesses … Apple to showcase 3 new iPhones
SINGAPORE (AP) – World markets were mixed today as China delayed issuing licenses to American businesses hoping to operate in the country ahead of expected trade tariffs from Washington. European indexes mostly rose after a downbeat Asian session. Wall Street is poised to open higher, with Dow futures gaining 0.2 percent and S&P 500 futures ring 0.2 percent.
UNDATED (AP) – China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement. The statement from an official of a business group is the first public confirmation of U.S. companies’ fears that their operations in China or access to its markets might be disrupted by the battle over Beijing’s technology policy. The license delay applies to industries Beijing has promised to open to foreign competitors.
HANOI, Vietnam (AP) – A top Chinese official and leaders of several Southeast Asian countries have taken aim at U.S. moves to protect American businesses, saying competition and open markets are the only option for future growth. Speaking at a World Economic Forum meeting in Hanoi, Chinese Vice Premier Hu Chunhua said China would work with its neighbors to counter protectionism. Indonesian President drew laughs by likening trade wars to “infinity wars” in a reference to this year’s movie based on Marvel’s comics.
SAN FRANCISCO (AP) – Apple is expected to showcase three new iPhones today, including its biggest and most expensive model yet, as the company tries to widen the product’s appeal amid slowing sales growth. Most of the buzz leading into a company event in California is swirling around a rumored iPhone that is supposed to boast a 6.5-inch OLED screen. If the speculation pans out, that display will be a significant step up from Apple’s current marquee product, the iPhone X, which features a 5.8-inch screen.
BERLIN (AP) – German union officials say discount airline Ryanair is canceling dozens of flights after pilots and flight attendants started a one-day strike over pay and conditions. The Cockpit union says the 24-hour strike began 3 a.m. Wednesday and would affect all the airline’s bases in Germany, including Frankfurt and Berlin airports. Ryanair was expected to cancel 150 of its flights to and from Germany through Thursday morning.