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Global Glance: Top economies drop no-protectionism pledge; Ryan says more help for older people needed in GOP health bill



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Here are today’s top business headlines from across the nation and world:

Top economies yield to US, drop no-protectionism pledge

BADEN-BADEN, Germany (AP) — The world’s top economic powers dropped a pledge to oppose trade protectionism amid pushback from the Trump administration, which wants trade to more clearly benefit American companies and workers. Finance ministers from the Group of 20 countries meeting in the southern German town of Baden-Baden issued a statement Saturday that said only that countries “are working to strengthen the contribution of trade” to their economies. By comparison, last year’s meeting called on them to resist “all forms” of protectionism, which can include border tariffs and rules that keep out imports to shield domestic companies from competition. Read more

Ryan: More help for older people needed in GOP health bill

WASHINGTON (AP) — Days before a pivotal vote, House Speaker Paul Ryan said Sunday he will seek changes to a GOP health care bill to provide more help to older people. The new willingness to compromise was a bid for more support from moderate Republicans, who expressed continuing unease about the plan to replace Barack Obama’s health law unless significant changes were made. Ryan insisted that he felt “very good” about the bill’s prospects but acknowledged that House leadership was “making fine-tuning improvements to the bill to reflect people’s concerns.” A House vote was scheduled for Thursday. Read more

Britain to formally trigger process to leave EU on March 29

LONDON (AP) — Britain’s government will begin the process of leaving the European Union on March 29, starting the clock on the two years in which to complete the most important negotiation for a generation. Britain’s ambassador to the 28-nation EU, Tim Barrow, informed the European Council President Donald Tusk of the timing on Monday morning, the Department for Exiting the European Union said. The notification of triggering Article 50 of a key EU treaty will come in the form of a letter delivered to Tusk – though it was unclear whether it would come through an actual letter or an electronic missive. Read more

President of embattled Uber leaves after 6 months on the job

SAN FRANCISCO (AP) — Jeff Jones, president of the embattled ride-hailing company Uber, has resigned just six months after taking the job, the company confirmed Sunday. In a brief statement, Uber didn’t say why Jones left. “We want to thank Jeff for his six months at the company and wish him all the best,” it said. Jones told the tech blog Recode, which first reported his resignation, that his values didn’t align with Uber’s. Read more

Insider Q&A: Girding for net neutrality fight

NEW YORK (AP) — Some tech companies are gearing up for a fight over Obama-era rules that prohibit broadband providers from treating some web services – ahem, their own – better than rival services. These rules made the Federal Communications Commission a tough overseer of telecom. But the new FCC chairman, appointed by President Donald Trump, is a fierce critic of these rules, which are known as net neutrality. The regulation bars broadband providers from blocking or slowing down websites and from charging internet companies like Netflix or Hulu for faster access to customers, a practice known as “paid prioritization.” Read more

Israel’s Netanyahu seeks to boost commercial ties with China

BEIJING (AP) — Israel wants to boost cooperation with China in technology, Israeli Prime Minister Benjamin Netanyahu told China’s premier Monday, as he led a large business delegation on a visit to Beijing to promote commercial ties with the Asian giant. Netanyahu said in opening remarks at a meeting with Chinese Premier Li Keqiang that Israel and China could explore “many ways of technological cooperation.” Earlier Monday, Netanyahu told a meeting of more than 600 Israeli and Chinese businesspeople that Israel is well-positioned to help China upgrade its products, services and utilities with better technology. Read more


IBM announces plan to hire 2,000 US veterans

NEW YORK (AP) — IBM plans to hire 2,000 U.S. veterans over the next four years as part of a broader expansion plan. The company said in December that it hopes to hire 25,000 people over the next four years, partly for what it calls “new collar jobs” where a four-year degree isn’t necessarily required. Read more


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