European shares higher, most Asian shares down … France cancels attendance at Saudi conference … Post-Brexit transition could be extended
BANGKOK (AP) – Shares turned higher in Europe today after declines in Asia and on Wall Street. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. Most Asian markets closed down today, but Hong Kong’s Hang Seng was almost unchanged and Australia’s S&P ASX 200 closed up. Wall Street is expected to open lower, with Dow futures down 0.2 percent and S&P futures down 0.4 percent.
PARIS (AP) – France’s finance minister is the latest high-level official or executive to cancel his attendance at an upcoming investment conference in Saudi Arabia amid doubts over the disappearance of Saudi journalist Jamal Khashoggi. Several top business executives have cancelled their attendance, as has the head of the International Monetary Fund, Christine Lagarde.
BRUSSELS (AP) – British Prime Minister Theresa May says she is considering a European Union proposal that would keep Britain bound to the bloc’s rules for more than two years after Brexit. At present the two sides say Britain will remain subject to the bloc’s rules from Brexit day on March 29 until December 2020, to give time for new trade relations to be set up. With divorce talks stuck, the bloc has suggested extending that period, to give more time to strike a trade deal that ensures a frictionless border between Northern Ireland and Ireland.
NICOSIA, Cyprus (AP) – Cyprus-based airline Cobalt Air says it has indefinitely suspended all of its operations amid a struggle to find investors. A senior executive from the airline tells The Associated Press that Cobalt’s six Airbus passenger jets have been grounded. Cobalt flies to 22 destinations in Europe and the Middle East.
FRANKFURT, Germany (AP) – German automaker Volkswagen says it is offering more incentives to trade in older diesel models in an effort to improve air quality. The German auto industry is under pressure to address higher levels of pollution from diesels after Volkswagen’s 2015 scandal over cheating on emissions tests. Diesels from several manufacturers were found to have much higher emissions in real driving than during testing. New test procedures reflecting everyday driving conditions came into effect Sept. 1.