World shares mixed … US braces for Iran cyberattack … Samsung investing $22B in artificial intelligence
BANGKOK (AP) – Shares were mixed in Europe and Asia today after the U.S. followed through with plans to put higher tariffs on $16 billion in Chinese exports. In early trading, Britain’s FTSE 100 is up, but Germany’s DAX and the French CAC 40 are down. Japan’s Nikkei and the Shanghai Composite index closed down. Hong Kong’s Hang Seng and South Korea’s Kospi closed higher. Dow futures are higher and S&P futures are flat.
WASHINGTON (AP) – Cybersecurity and intelligence experts say the U.S. is bracing for cyberattacks Iran could launch in retaliation for the re-imposition of sanctions this week by President Donald Trump. Concern over cyberattacks from Iran has been rising since May, when Trump pulled out of the 2015 nuclear deal. Experts say the threat went up Tuesday after Washington reimposed economic sanctions on Tehran.
SEOUL, South Korea (AP) – Samsung Electronics plans to spend $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed from prison. Samsung says it will spend the money on hiring artificial intelligence researchers, ensuring it will be a global player in next generation telecoms technology called 5G and deepening its involvement in electronic components for future cars.
JEFFERSON CITY, Mo. (AP) – Union rights are still popular in the ‘Show Me’ state. Missouri voters soundly rejected a right-to-work law against compulsory union fees in Tuesday’s primary. The measure had been passed by Republican state officials but placed on hold for more than a year after organized labor petitioned for a referendum. National and local labor unions spent millions of dollars to defeat Proposition A.
NEW YORK (AP) – Amazon, known for bringing items to shoppers, is adding a curbside pickup option at Whole Foods for Prime members. Shoppers will be able to order groceries on the Prime Now app and park in reserved spaces for workers to place the items in their cars. Orders of $35 and up are free if pickup is in an hour. Pickups within 30 minutes of ordering will cost $4.99. Walmart, Kroger and other grocers have been expanding their curbside grocery pickup.