Global Glance: G20, UK-Boeing partnership, hiring gain

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

G20 ministers call for rolling back of anti-trade measures

SHANGHAI (AP) — Trade ministers from the G20 nations called on their governments on Sunday to roll back anti-trade measures that have become more pervasive than any time since 2009. Following a two-day meeting in Shanghai, the ministers said in a joint statement that they’re “concerned” about rising protectionism around the world and “significantly slowed” trade growth figures. Read more

UK, Boeing launch new strategic partnership

LONDON (AP) — Britain has signed a contract for nine new P-8A Poseidon military aircraft in the first big deal announced at the Farnborough International Airshow. The Defense Ministry says the cost of delivering the deal, including paying for training of people, infrastructure and necessary support, will be around 3 billion pounds ($3.88 billion) over the next decade. Read more

Robust hiring gain in June points to a resilient US economy

WASHINGTON (AP) — A burst of hiring in June provided a reassuring sign that the U.S. economy will likely withstand global weakness that may be magnified by Britain’s decision to leave the European Union. Last month’s gain – 287,000 jobs, the most since October 2015 – showed that employers shook off a hiring slump in April and May and suggested that the economy will continue to grow steadily. Read more

NAFTA a sore spot for some Democrats on Clinton in Michigan

MOUNT CLEMENS, Mich. (AP) — Michigan is trickier than it may appear for Hillary Clinton, a Democrat whose party’s presidential nominees have carried the struggling manufacturing hub for decades. Bernie Sanders beat her in the state’s Democratic primary by railing against the North American Free Trade Agreement. Republican Donald Trump is more popular with Michigan’s working-class white voters than past GOP candidates, and has pledged to back out of the treaty that some blame for the loss of countless Rust Belt jobs. Read more

India wants new foreign investment pacts to limit lawsuits

NEW DELHI (AP) — India has triggered the escape clause on dozens of bilateral investment treaties, aiming to renegotiate toward securing better protection from foreign litigation. The notifications, issued earlier this year, effectively let governments know they have 12 months to broker new treaties before the old ones expire. The changes India seeks could make it harder for foreign investors to legally challenge government decisions that negatively affect their businesses in India. Read more

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