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December 5, 2018
AP-NC Newswatch
December 5, 2018
Financial News

 

 

 

 

Global stock prices tumble … Confusion over US-China trade discussions … Cuba to get full internet access

 

BEIJING (AP) – Global stock prices tumbled today after Wall Street plunged amid confusion about what Washington and Beijing agreed to in a tariff cease-fire. In early trading, London’s FTSE fell 1.3 percent and German’s DAX lost 1.1 percent. France’s CAC 40 retreated 1.2 percent to 4,951.74. Most Asian markets closed down. On Wall Street, S&P futures were up 0.45 percent and Dow futures gained 0.25 percent.

 

BEIJING (AP) – China has issued an upbeat but vague promise today to carry out a tariff cease-fire with Washington, but has given no details that might dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. China has yet to confirm Trump’s claim that Beijing committed to cut auto tariffs and buy more American farm exports.

 

LONDON (AP) – New data shows that Britain’s huge services sector is struggling in the face of Brexit. A closely watched survey from financial data firm IHS Markit and the Chartered Institute of Procurement and Supply shows that activity in the services sector was at its lowest since July 2016, just after the country voted to leave the European Union. The sector barely grew during November according to the survey.

 

LONDON (AP) – Britain’s airline regulator is trying to force Ryanair to pay compensation for flights that were canceled or delayed by a series of worker strikes after Europe’s biggest discount carrier said it wasn’t required to pay thousands of claims under European Union rules. Airlines aren’t obliged to pay compensation for delays caused by extraordinary events such as bad weather.

 

HAVANA (AP) – Cuba says its citizens will be offered full internet access for mobile phones beginning Thursday, becoming one of the last nations to offer such service. The head of the Cuban state telecom monopoly announced on national television that Cubans can begin contracting 3G service for the first time Thursday. Until now, Cubans have had access only to state-run email accounts on their phones.

 

 

AP-WF-12-05-18 1141GMT