Posted: Aug. 10, 2018 7:00 am Updated: Aug. 10, 2018 9:15 am
NEW YORK (AP) — Among the stories Friday from The Associated Press:
FRIDAY FOR SATURDAY
TURKEY-ECONOMY-THE LATEST — President Donald Trump says he’s just authorized the doubling of steel and aluminum tariffs “with respect to Turkey.” SENT, 949 words, photo.
GROWING UP DIGITAL-TECH AND CAMP — With summer in full swing, thousands of kids at sleepaway camps around the U.S. are doing without their cell phones, laptops and iPads. So how’s it going? Camp directors, parents and kids themselves say it’s not as bad as some would think. UPCOMING: By Leanne Italie. 970 words, photo.
MARKETS & ECONOMY:
FINANCIAL MARKETS MARKETS RIGHT NOW — Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey’s currency. SENT, 147 words, photo.
CONSUMER PRICES — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer price index ticked up 0.2 percent in July. SENT, By Josh Boak, 361 words, photos.
BUDGET DEFICIT — The Treasury Department releases federal budget data for April. By Josh Boak. UPCOMING: 130 words after release of report at 2 p.m., 250 words by 2:45 p.m.
EUROPE RYANAIR STRIKE — Ryanair pilots in several European countries are staging a strike that has prompted the budget carrier to cancel 400 flights. Walkouts called by German and Belgian unions accounted for many of Friday’s cancelations. Strikes were also called in Sweden and Ireland. SENT, 383 words, photos.
CONGRESS CORPORATE BOARDS — Congressman Chris Collins’ indictment on insider trading charges is drawing attention to the fact that members of Congress are not prohibited from serving on corporate boards as long as they don’t receive compensation for doing so. SENT, 927 words, By Richard Lardner, photos.
TECHNOLOGY & MEDIA
TECH COMPANIES FREE SPEECH — The Alex Jones situation has thrust Facebook, YouTube, Twitter and others into a role they never wanted — as gatekeepers of public discourse on their platforms who are going to anger lots of people no matter what they do. But they should have seen this coming as they built huge businesses by sweeping away existing gatekeepers while promising to protect their users from harassment and abuse. By Barbara Ortutay. UPCOMING: 900 words by 10am ET, photos.
CHINA AUTO SALES — China’s auto sales shrank 5.3 percent in July from a year ago, adding to signs of economic malaise amid a tariff battle with Washington. Sales of electric vehicles rose by nearly half but they made up 5 percent of the total. Demand has cooled amid forecasts of slowing economic growth after Beijing tightened lending controls to cool surging debt. SENT, By Joe McDonald, 342 words, photo.
BRITAIN ECONOMY — Britain’s economy accelerated in the second quarter as warmer weather fueled construction and consumer spending after snow and ice curtailed activity in March. The Office for National Statistics said Friday that gross domestic product expanded by a quarterly 0.4 percent in the three months through June, compared with 0.2 percent in the previous quarter. SENT, By Danica Kirka, 298 words.
JAPAN ECONOMY — Japan reports its economy resumed its longtime expansion in the last quarter as consumers and businesses stepped up spending. The preliminary data released Friday showed that trade weighed slightly on growth. SENT, 351 words, photos.
SKOREA NORTH KOREAN COAL — South Korea says a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of UN sanctions. The Korea Customs Service said Friday it is seeking prosecutions of three local companies and their executives for smuggling or falsely saying North Korean mineral resources came from Russia. Officials are also looking into whether any of the vessels that transported North Korean coal violated sanctions. SENT, By Youkyung Lee, 441 words, photo.
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