World shares mixed … FAA says it will handle all approvals for new Max jets … US proposes rules to vet all telecoms-related purchases
BEIJING (AP) – World shares were mixed today after Wall Street benchmarks set fresh highs, spurred by optimism over trade talks between the U.S. and China. In early trading, Britain’s FTSE 100 gained 0.3% while the CAC 40 in France edged 0.1% lower. Germany’s DAX lost less than 0.1%. In Asia, Japan’s Nikkei closed 0.3% higher. South Korea’s Kospi gained 0.3. The Hang Seng in Hong Kong rose 0.2%. The Shanghai Composite index lost 0.1%. Wall Street is headed for a tepid start with Dow futures unchanged and S&P futures 0.1%.
WASHINGTON (AP) – Federal regulators say they will handle all approvals for new Boeing 737 Max jets instead of letting Boeing employees do some of that work. It’s the latest move by the Federal Aviation Administration to show independence from Boeing. The agency has been accused of giving Boeing too much authority in approving the plane in the first place. The Max has been grounded since crashes in Indonesia and Ethiopia killed 346 people.
BEIJING (AP) – The Department of Commerce is proposing requiring case-by-case approvals of all purchases of telecommunications equipment in a move likely to hit major Chinese suppliers like Huawei (WAH’-way). The plan follows President Donald Trump’s order in May declaring a national emergency and restricting purchases by U.S. companies of telecoms equipment that might be considered a security threat. It calls for a period of public comment before it is implemented.
COPENHAGEN, Denmark (AP) – Low-cost carrier Norwegian Air Shuttle says it’s ending long-haul routes to the United States and Thailand from two Scandinavian capitals, citing technical issues with the Rolls Royce engines on Boeing 787s and low demand. Norwegian Air says after the winter break, it will stop flying to New York, Los Angeles, Bangkok and Krabi, Thailand, from Copenhagen and Stockholm. It will continue to fly to the U.S. from Oslo and routes to Europe are not affected.
CHICAGO (AP) – Cashless shoppers have a new option to give to the Salvation Army’s red kettle campaign this year using their smartphone. Leaders hope adding Apple and Google payment options will help in reaching the campaign’s $150 million goal. The red kettle campaign typically makes up 10% of the Salvation Army’s annual budget. Donations fund programs providing housing, food and other support to people in poverty.