European shares mostly higher…China demands US lift tech curbs …British firm to buy hundreds of Thomas Cook stores
UNDATED (AP) – European shares were mostly higher today after benchmarks mostly fell in Asia ahead of talks between the U.S. and China aimed at resolving the trade war between the world’s two biggest economies. Adding to jitters over the economic outlook, the new head of the 189-nation International Monetary Fund warns that the world economy is in the grips of a “synchronized global slowdown” that will yield slower growth for 90% of the world this year. Wall Street is expected to rebound today, with Dow futures up 0.3% and S&P futures up 0.4%.
BEIJING (AP) – China is demanding that Washington lift sanctions on Chinese tech companies and is warning that it will “resolutely safeguard” the country’s interests. The Ministry of Commerce today criticized curbs imposed on sales of U.S. technology to a group of Chinese companies as interference in the country’s affairs. American officials say those companies provide technology used to repress Muslim minorities in the northwestern region of Xinjiang (shihn-jahng).
LONDON (AP) – British firm Hays Travel says it will buy all 555 U.K. stores operated by defunct tour company Thomas Cook, which collapsed last month. Hays says it will offer jobs to hundreds of Thomas Cook employees. David Chapman, the official receiver handling the winding up of Thomas Cook, says the deal “represents an important step in the liquidation process, as we seek to realize the company’s assets.”
MILAN (AP) – Italian airline Alitalia has canceled nearly 200 flights because of a 24-hour pilots strike. Today’s strike comes amid uncertainty over the struggling airline’s future ahead of an Oct. 15 deadline for the presentation of a binding takeover offer from a consortium of investors. Alitalia has canceled 35% of the 520 flights scheduled during the strike by three unions and assigned larger aircraft to domestic routes in a bid to accommodate passengers whose flights were affected.
HONOLULU (AP) – A customer satisfaction survey of air passengers has ranked Honolulu’s airport as the third worst in North America. The Honolulu Star-Advertiser reported Tuesday that Daniel K. Inouye (ih-NOH’-way) International Airport has received the ranking in the J.D. Power 2019 North America Airport Satisfaction Study. The survey scores airports on terminal facilities, airport accessibility, baggage claim, security check, check-in and baggage check, food, beverage, and retail.