Financial News

Venita Ruth Taylor
May 20, 2021
AP-NC Newswatch
May 21, 2021
Financial News



World shares mixed…China offers vaccine to Palestinians


BANGKOK (AP) – World shares have been mixed today after a rebound on Wall Street broke a three-day losing streak. In early trading, Germany’s DAX edged 0.1% higher and the CAC 40 in Paris rose 0.3%. Britain’s FTSE 100 fell 0.5%. In Asian trading, Tokyo’s Nikkei closed 0.8% higher. Hong Kong’s Hang Seng was flat, while the Kospi in Seoul declined 0.2%. The Shanghai Composite index lost 0.6%. S&P 500 and Dow futures are up 0.1%.


WASHINGTON (AP) – Negotiations between the White House and Senate Republicans over President Joe Biden’s $2.3 trillion infrastructure plan are hitting a crucial stage ahead of talks today. The latest GOP offer has left some dismay in the administration that there hasn’t been more movement off the Republicans’ initial $568 billion proposal. A Republican says GOP lawmakers did increase their offer and have been working in good faith with the White House. But the slog of the closed-door talks is certain to spark fresh worries from Democrats. The president’s team had set a soft Memorial Day deadline to determine if a deal was within reach.


UNDATED (AP) – China says it will offer cash and 200,000 doses of COVID-19 vaccines to Palestinians caught up in the latest fighting in Gaza. Meanwhile, the European Union’s top diplomat is welcoming the Gaza cease-fire. But he says only a revival of long-term peace talks can ensure that such fighting does not flare up again in the future. The EU’s support for a two-state solution is long-standing, but the 27-nation bloc is divided over how to handle relations with Israel and the Palestinians. A cease-fire took hold overnight.


UNDATED (AP) – Spain will lift its restrictions on travelers from the U.K. beginning Monday, saying British tourists play a key role in the Spanish economy. Spanish authorities published the rule change in today’s government gazette. Restrictions on travel from Japan were also lifted. Tourism is a mainstay of the Spanish economy. However, a major snag remains for British tourists. Spain is on the U.K. government’s amber list, meaning people traveling back to the U.K. from Spain need to go into quarantine for 10 days and get tested twice.


SAN RAMON, Calif. (AP) – Apple CEO Tim Cook will take the witness stand today to defend the company’s iPhone app store against charges that it has grown into an illegal monopoly. The technology giant is counting on Cook’s appearance on the witness stand to put the finishing touches on Apple’s defense against an antitrust case brought by Epic Games, maker of the popular video game Fortnite. Epic is trying to topple Apple’s so-called “walled garden” for apps that welcomes users and developers while keeping competition out.