Global Glance: Clinton knocks Trump in policy speech, China reports weaker July activity

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

Clinton knocks ‘outlandish Trumpian ideas’ in policy speech

WARREN, Mich. (AP) — Her political fortunes flourishing, Hillary Clinton attempted to undercut Donald Trump’s claim to working-class voters Thursday, portraying her Republican rival as untrustworthy on economic issues and pushing policies that would only benefit the super-wealthy — himself included. As Republican leaders sounded alarms about Trump’s unconventional approach, Clinton attacked what she dubbed “outlandish Trumpian ideas” that have been rejected by both parties. She reiterated her strong opposition to the Trans-Pacific Partnership trade deal, leaving herself little room for backtracking should she win the White House. The Associated Press did a fact check on her speech. Read more

China reports weaker July activity but says economy stable

BEIJING (AP) — Chinese factory output and other economic activity weakened in July, data showed Friday. Growth in retail sales, factory output and investment all decelerated from June levels, according to the National Bureau of Statistics. Private sector analysts have warned economic growth, which held steady at 6.7 percent for the three months ending in June, was showing signs of weakening heading into the current quarter. However, a spokesman for the statistics bureau said the weakening was due partly to summer flooding that caused 200 billion yuan ($35 billion) in losses and other one-time factors. Read more

German economy grows faster than expected, Italy disappoints

BERLIN (AP) — The German economy, Europe’s biggest, grew 0.4 percent in the second quarter — a slower pace than in the previous three-month period but better than economists had forecast. The performance helped the wider 19-country eurozone economy expand 0.3 percent in the second quarter, a figure that was confirmed in a new estimate Friday, as it offset a weaker showing by Italy, which saw no growth at all. Germany’s quarter-on-quarter growth in the April-June period, reported Friday by the Federal Statistical Office, compared with a growth spurt of 0.7 percent in the first quarter of 2016. It was, however, much better than the 0.2 percent pickup that economists had predicted. Read more

Turbulence leaves more than 20 injured on JetBlue flight

RAPID CITY, S.D. (AP) — A JetBlue flight was diverted to western South Dakota after turbulence left more than 20 passengers and crew members injured. A JetBlue spokeswoman told The Boston Globe that flight 429 was traveling from Boston to Sacramento, California, on Thursday when it was diverted to Rapid City, South Dakota, where it landed around 7:30 p.m. South Dakota news outlets report that 22 passengers and two crew members were taken to a local hospital but were all treated for minor injuries and released. Read more

Unfriended? Divisive presidential campaign rolls Facebook

Facebook has emerged as a virtual town hall for political debate, an easy place to share opinions — and vitriolic attacks — about the two polarizing presidential candidates. Facebook says that from Jan. 1 through Aug. 1, 100 million people on Facebook in the United States generated 4 billion posts, comments, shares and reactions about the election. More than 1 billion of those came in July, the month of the national conventions. Facebook didn’t have “unfriending” numbers, but that online action of cutting off communication appears to be on the rise this summer along with the other election-related activity. Read more

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