Global stocks advance … Nissan new CEO promises revival … Amazon removes Nazi death camp merchandise
BEIJING (AP) – Global stock markets rose today after Chinese factory activity improved ahead of a possible U.S. tariff hike on Chinese imports. In early trading, shares in London and Frankfurt advanced. Shanghai, Tokyo and Hong Kong closed higher. Wall Street is expected to open higher, with S&P and Dow futures both up 0.4%.
BEIJING (AP) – China’s foreign ministry is urging Canada to free an executive of telecom equipment giant Huawei Technologies held for more than a year as she awaits an extradition trial. Canada arrested Huawei’s CFO Meng Wanzhou a year ago at the request of the U.S. It is seeking her extradition on fraud charges. Ministry spokeswoman Hua Chunying said the U.S. and China were abusing their extradition treaty and violating Meng’s rights.
TOKYO (AP) – Nissan’s new chief executive has reaffirmed the importance of the Japanese automaker’s alliance with France’s Renault as it strives to puts its financial scandals behind it. A day after taking his post, Makoto Uchida says he will emphasize transparency and work to restore Nissan Motor Co.’s credibility. Uchida takes over at a time of crisis, with sales and profits tumbling, after the company’s former chairman, Carlos Ghosn, was arrested last year on financial misconduct charges.
ORANGE, Conn. (AP) – The business of ballroom dancing is being hurt by the immigration clampdown. Ballroom dance studio owners and immigration attorneys say there are greater backlogs for visa applications and an overall increase in evidence requests, including for redundant and unnecessary documents. Studio owners say there aren’t enough qualified instructors in the U.S., so they’re forced to look overseas, where children learn dance at a young age.
WARSAW, Poland (AP) – Amazon says it has removed “Christmas ornaments” and other merchandise bearing the images of the Auschwitz Nazi death camp that had been available on its online site. Amazon says that “all sellers must follow our selling guidelines” and that those who do not will be removed. The merchandise also included an Auschwitz bottle opener and a Birkenau “massacre” mouse pad. Many people voiced outrage on Twitter.