Global Glance: Obama reaffirms U.S., Europe alliance, Brexit hits British economy hard

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

Obama: US, Europe will work together on global issues

WARSAW, Poland (AP) — President Barack Obama on Friday reaffirmed his confidence that the U.S. and its European allies will continue to work together on critical global challenges despite the decision by Britain to leave the European Union. His message included the need for leaders on both sides of the Atlantic to address the economic frustrations of their people, who feel they are being left behind by globalization. Read more


Evidence of British economic downturn piling up

LONDON (AP) — The evidence is piling up – Britain’s decision to leave the European Union is already hitting the economy. Following the initial market jolts that have, among other things, seen the pound slide to 31-year lows against the dollar, the wider economy appears to be feeling the shockwaves from the vote to leave the 28-country bloc. Read more


Obama says America is horrified over Dallas attack

WARSAW, Poland (AP) — President Barack Obama said Friday that America is “horrified” by what appears to be a planned sniper shooting targeting police officers in Dallas, and he said there is no justification for the violence. In a brief statement to reporters, Obama said the investigation into the shooting continues but “what we do know is there has been a vicious, calculated and despicable attack on law enforcement.” Read more


Wendy’s says more than 1,000 restaurants affected by hack

NEW YORK (AP) — Wendy’s said hackers were able to steal customers’ credit and debit card information at 1,025 of its U.S. restaurants, far more than it originally thought. The hamburger chain said Thursday hackers were able to obtain card numbers, names, expiration dates and codes on the card, beginning in late fall. Some customers’ cards were used to make fraudulent purchases at other stores. Read more


U.S. gives tentative OK to flights to Cuba from 10 American cities

WASHINGTON (AP) — The U.S. government on Thursday tentatively approved scheduled commercial airline service to Havana from 10 American cities, further bridging the gulf between countries as close as an hour flight but long kept at a greater distance by the Cold War. The decision is another long stride in President Barack Obama’s effort to normalize U.S.-Cuba relations. Read more


NYC cracks down on ‘air conditioning the sidewalk’

NEW YORK (AP) — Along New York City’s steamy sidewalks in the summer, there’s long been a reliable respite from the heat: waves of air-conditioned comfort wafting from open doors. Now the nation’s biggest city is pushing businesses to cool it on such wastefulness. Under an expanded law that took full effect this week, most stores and restaurants could be fined $250 or more if they keep their doors or windows open while running the A/C. Read more


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