Financial News

AP Sports
December 31, 2019
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January 2, 2020
Financial News

 

 

 

Global shares mostly higher…7 detained in Ghosn fleeing…Volkswagen, German consumer group in diesel settlement talks

 

TOKYO (AP) – Global shares were mostly higher on optimism today about a U.S.-China trade deal as regional markets open the new year’s first day of trading. In early trading, France’s CAC 40 rose 0.8%, while Germany’s DAX inched down less than 0.1%. Britain’s FTSE 100 added 0.8%. Australia’s S&P ASX 200 gained 0.1%, while South Korea’s Kospi lost 1.0%. Hong Kong’s Hang Seng jumped 1.1%, while the Shanghai Composite gained 1.2%. Tokyo was still closed for the New Year’s holiday. U.S. shares are set to drift higher with Dow and S&P futures each gaining 0.4%.

 

ANKARA, Turkey (AP) – Turkish media say authorities have detained seven people as part of an investigation into how former Nissan chairman Carlos Ghosn (gohn) fled to Lebanon from Japan via Istanbul. NTV television says the probe was launched today by Turkey’s Interior Ministry. The private DHA news agency reports those detained are 4 pilots, a cargo company manager and two airport workers. áGhosn fled to Lebanon this week before his trial in Japan on financial misconduct charges.

 

BERLIN (AP) – Volkswagen and a German consumer group say they’ll conduct talks on a possible settlement in a landmark case in which hundreds of thousands of people aim to establish a right of compensation for cars affected by the automaker’s diesel emissions scandal. Hundreds of thousands of people aim to establish a right to compensation in the case, which was brought under new German rules that allow a form of class-action suit. The two sides say their common aim is “a pragmatic solution” in the interests of customers.

 

CHICAGO (AP) – The sale of marijuana for recreational purposes is now legal in Illinois. The change took effect with the new year, to the delight of pot fans. Many began lining up hours early at dispensaries. The Chicago Sun-Times reports that about 500 people were outside Dispensary 33 in Chicago Wednesday morning. Illinois is the 11th state to broadly allow marijuana’s use and sale for people 21 or older. Neighboring Michigan made it legal starting Dec. 1.

 

FRANKFURT, Germany (AP) – Far fewer people died in major air crashes around the world last year. Statistics compiled by aviation consulting firm To70 in the Netherlands show that the number of deaths fell by more than half in 2019, to 257 fatalities in eight accidents all year. That’s significantly less than the 534 air fatalities in 2018. The 2019 death toll rose in late December after a plane crash in Kazakhstan that took 12 lives. All in all, however, the numbers show that flying got safer last year. There was just one fatal accident for every 5.58 million takeoffs.

 

 

AP-WF-01-02-20 1136GMT