Financial News

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September 23, 2019
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September 24, 2019
Financial News

 

 

 

 

World shares higher … Major blow to British PM … Thomas Cook passengers finding their way home

 

BANGKOK (AP) – World shares edged higher today after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks’ time. In early trading, Germany’s DAX was flat while the CAC 40 in Paris rose 0.2%. Britain’s FTSE 100 also edged 0.1% higher. In Asia, the Shanghai Composite closed up 0.3% while Japan’s Nikkei 225 added 0.1%. South Korea’s Kospi climbed 0.5%. Wall Street is expected to open higher with Dow and S&P futures both up 0.2%.

 

LONDON (AP) – Britain’s highest court has ruled that Prime Minister Boris Johnson’s decision to suspend Parliament for five weeks in the crucial countdown to the country’s Brexit deadline was illegal. The unanimous Supreme Court ruling today declares the order to suspend Parliament “void and of no effect.” The case revolves around whether Johnson acted lawfully when he advised the queen to suspend Parliament during a crucial time frame before the Oct. 31 Brexit deadline when Britain is scheduled to leave the European Union.

 

LONDON (AP) – The British government has flown home the first 14,500 people stranded by the collapse of tour operator Thomas Cook, and is expected to ramp up the repatriation effort to get all the 150,000 U.K.-based customers home in two weeks. Thomas Cook ceased all operations Monday, leaving hundreds of thousands stranded around the world. It’s still unclear how many of the 600,000 total that were traveling with the company as of Sunday would remain stranded.

 

LONDON (AP) – London transport authorities have given ride-hailing firm Uber a two-month license with new safety conditions as it continues to scrutinize the company. Transport for London says over the next two months it will ask Uber for more information “to inform any future licensing decision.” London transport officials had initially revoked Uber’s license in 2017 but a court later granted the company a 15-month license, short of the five-year permit it had sought.

 

PARIS (AP) – Commuters are packing overcrowded French train platforms as rail workers stage a strike over President Emmanuel Macron’s proposed overhaul of the retirement system. Workers for the SNCF national railway are angry because the reform could take away their special pension system that allows them to retire earlier than many other workers. SNCF says most long-distance trains are working normally, notably on international routes, but local routes around Paris and other cities are seeing disruptions

 

AP-WF-09-24-19 1041GMT