Hong Kong stocks surge…Defiant UK lawmakers move to bar ‘no deal’ Brexit…Huawei accuses US of cyberattacks, coercing employees
BEIJING (AP) – Hong Kong stocks surged today as the government withdrew a proposed extradition law that sparked three months of protests in the Chinese territory. Hong Kong’s benchmark Hang Seng index jumped 3.9% on news of plans for the withdrawal, which Chief Executive Carrie Lam confirmed after markets closed. In early trading, London’s FTSE 100 gained 0.8% and Frankfurt’s DAX added 1.3%. France’s CAC 40 added 1.2%. Wall Street is expected to open higher, with S&P and Dow futures up 0.9%.
LONDON (AP) – Britain’s Parliament will attempt to defy Prime Minister Boris Johnson’s Brexit plans today as lawmakers look for a way out of the impasse that has gripped the nation since the 2016 vote to leave the European Union. The House of Commons is confronting Johnson over his insistence that the U.K. leave the EU on Oct. 31 even without a withdrawal agreement to cushion the economic blow. Today it will consider a measure that will try to block a departure without a deal.
BEIJING (AP) – Chinese telecom equipment maker Huawei (WAH’-way) is accusing U.S. authorities of trying to break into its information systems and of attempting to coerce its employees to gather information on the company. Huawei says Washington has used “unscrupulous means” in recent months to disrupt its business. The company faces mounting American pressure, including possible loss of access to U.S. technology, over accusations it’s a security risk.
SAN FRANCISCO (AP) – Facebook says it is ending its practice of using face recognition software to identify users’ friends in uploaded photos and automatically suggesting they “tag” them. Instead, it is replacing the feature, called “tag suggestions,” with its broader face recognition setting, which identifies people’s faces in photos for various uses, not just tagging. Beginning Tuesday, people who are new to Facebook, or previously had the tag suggestions setting turned on, will instead get the face recognition setting, which they can turn on or off.
WASHINGTON (AP) – Ice cream maker Ben & Jerry’s has unveiled a new flavor to highlight what it calls structural racism and a broken criminal justice system. Justice ReMix’d is described as cinnamon and chocolate ice cream with gobs of cinnamon bun dough and spicy fudge brownies. A portion of proceeds supports Advancement Project National Office, a multi-racial civil rights group and its fight for justice for all, despite race or wealth.