Global Glance: Delta grounds flights, Clinton heads to Detroit

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

Delta grounds flights due to systems problems

LONDON (AP) – Delta Air Lines has grounded flights and predicted widespread cancellations Monday after a power outage hit its computer systems globally, disrupting the travel plans of thousands of passengers. The Atlanta-based carrier said in a statement that the outage began at around 1:30 a.m. Central. Flights which were already en route were operating normally, but many passengers took to Twitter to express frustration with being stuck on the ground. “We are aware that flight status systems, including airport screens, are incorrectly showing flights on time,” the company said in a statement. “We apologize to customers who are affected by this issue, and our teams are working to resolve the problem as quickly as possible.” Read more

Clinton to follow Trump with economic speech in Detroit

WASHINGTON (AP) — Republican presidential nominee Donald Trump will give a speech Monday in Detroit on what he would do to improve economic growth. Then on Thursday in the same city, Democratic nominee Hillary Clinton will deliver what aides are billing as a major economic speech. The dueling Detroit addresses come as new polls show Clinton gaining ground on economic issues. Aides say Clinton will outline her economic plans and argue that Trump is only focused on the wealthiest Americans. Trump is expected to reiterate his plan for reducing the corporate tax rate to 15 percent from the current 35 percent — in an effort to draw new investment — as well as eliminating the estate tax and calling for a temporary moratorium on new regulations. Read more

China’s imports, exports fall again in July

BEIJING (AP) — China’s exports fell again in July by an unexpectedly wide margin while a decline in imports accelerated in a possible sign of weakness in the world’s second-largest economy. Exports contracted 4.4 percent to $184.7 billion, a slight improvement over June’s 4.8 percent contraction, customs data showed Monday. Imports fell 12.5 percent to $132.4 billion, accelerating from a decline of 8.4 percent. Weak global demand has hampered efforts to shore up Chinese trade and stave off job losses in export industries. The contraction in imports reflects possible weakness in the domestic economy, but the figures also are depressed by a decline in prices of oil and other commodities. Read more

FBI chief calls for national talk over encryption vs. safety

SAN FRANCISCO (AP) — FBI Director James Comey said Friday that the agency is collecting data to present next year in hopes of sparking a national conversation about law enforcement’s increasing inability to access encrypted electronic devices. He said the agency was unable to access 650 of 5,000 electronic devices investigators attempted to search over the last 10 months and that the problem is only going to get worse without a discussion about the technology. But he said it’s up to U.S. citizens, rather than the FBI or government officials, to decide whether to modify the technology to help law enforcement access the devices. Read more

In Olympic marketing, smaller brands find restrictions tough

NEW YORK (AP) — The Olympics are full of stories of underdogs triumphing against the odds for athletic glory. But in the case of Olympic marketing, smaller brands are finding it tough to prevail amid strict rules. Sponsors such as Visa, Samsung and Coca-Cola pay hundreds of millions of dollars to be associated with the Olympics. So the International Olympic Committee cracks down on non-sponsoring brands that reference the Olympics by name or use Olympic logos in tweets or advertisement. This extends to athletes who tweet about “non-Olympic commercial partners” – brands that sponsor the individuals but don’t pay the IOC or a national Olympic committee itself to be an official Olympic sponsor. The IOC can punish athletes for rule violations by disqualifying them from events and even stripping them of medals. Read more

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