Global shares up … New Max jet issues … Germany to require Facebook, Youtube and other sites to report hate speech
TOKYO (AP) – Global shares mostly rose today, despite overnight losses on Wall Street and continuing fears about the outbreak of a new virus that began in China. In early trading, France’s CAC 40 rose 0.3%, Germany’s DAX gained 0.4% and Britain’s FTSE 100 edged up 0.6%. In Asia, Japan’s Nikkei closed 0.9% higher, South Korea’s Kospi edged up 0.1%, Hong Kong’s Hang Seng added 0.5% and the Shanghai Composite gave up earlier gains, edging 0.3% lower. Wall Street is expected to open higher, with Dow and S&P futures both up 0.2%.
UNDATED (AP) – Boeing has a new problem with the grounded 737 Max. The company has found debris inside the fuel tanks of some of the planes. Boeing said Tuesday the problem was discovered during maintenance work on planes that have been built but haven’t been delivered to airlines because the Max is still grounded after two deadly crashes. Boeing is testing changes in flight-control software after two crashes killed 346 people in Indonesia and Ethiopia.
BERLIN (AP) – The German Cabinet has approved a bill that will require social media sites such as Facebook and YouTube to report certain hate speech to the police. According to the bill passed by ministers Wednesday, internet companies will have to flag far-right propaganda, graphic portrayals of violence, murder or rape threats, posts indicating that someone is preparing a terrorist attack or distributing child sexual abuse images. Social media sites are already required to delete such posts.
DUBAI, United Arab Emirates (AP) – Qatar Airways says it has increased its share in the parent company of British Airways, International Airlines Group, from 21.4 % to 25.1%. IAG, which operates a number of other European carriers such as Ireland’s Aer Lingus and Spain’s Iberia, is one of the world’s largest airline groups, with 573 aircraft carrying around 118 million passengers a year. It is a Spanish registered company with shares traded on the London and Spanish stock exchanges.
TOKYO (AP) – Japan’s Finance Ministry says the nation recorded a trade deficit for the month of January, as exports continued to decline amid worries about the spread of a new virus that could deaden regional economic growth. The ministry says the trade deficit for last month totaled 1.3 trillion yen, or $12 billion. That marked the third straight month of a trade deficit for the world’s third largest economy.