Global Glance: Eurozone business activity not concerned about Brexit; Global travel spending still growing

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

Eurozone business activity shows little concern about Brexit

LONDON (AP) — Business activity across the 19-country eurozone grew at a steady but subdued pace in August as the region continued to show little concern about the impact of a British exit from the European Union. A gauge of activity in the services and manufacturing sectors in the eurozone, the so-called purchasing managers’ index, rose slightly to a seven-month high of 53.3 points from 53.2 in July. The index published Tuesday by IHS Markit is on a 100-point scale, with the 50 mark separating contraction from growth in activity. Read more

Delphi, Mobileye join forces on autonomous car platform

DETROIT (AP) — Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develop the building blocks for a fully autonomous car in about two years. The companies announced their partnership early Tuesday. It’s another in a flurry of auto industry and tech tie-ups as companies race for self-driving supremacy. Delphi and Mobileye plan to build a complete autonomous driving platform that they will sell to automakers worldwide. They promise to demonstrate the technology at January’s Consumer Electronics Show and have it ready for production in 2019. Read more

Global travel spending still growing but at a slower pace

NEW YORK (AP) — Global travel spending is still growing, although at a slower pace, despite weakening economies and fears over terrorism. The World Travel and Tourism Council, a group backed by travel providers with the mission to promote tourism, said in a report Monday that global travel spending for 2016 is expected to grow by 3.1 percent. That is down from a March forecast of 3.3 percent but still outpacing global economic growth, which the group expects to be 2.3 percent. Macroeconomic problems have a much bigger impact on travel than terrorist attacks, the group’s president, David Scowsill, said. Read more

VW says it’s reached agreement to resolve supplier dispute

BERLIN (AP) — Volkswagen says it has reached an agreement with two suppliers in a dispute that forced the company to suspend production of some models in Germany. News agency dpa reported Tuesday that the automaker said the suppliers will quickly resume deliveries. No details were released. Volkswagen said last week that it would have to suspend production of the Golf and Passat at the Wolfsburg and Emden plants in Germany for around a week because the suppliers weren’t delivering parts. Read more

France, Germany want limits on encryption to fight terrorism

PARIS (AP) — France and Germany pushed Tuesday for Europe-wide rules requiring messaging apps such as Telegram to limit encryption to help governments monitor communications among suspected extremists. Privacy advocates argue that encryption is essential to online security, notably for banking transactions. But encrypted apps are also increasingly used by extremists to hide their location, coordinate operations and trade weapons and sex slaves. Read more

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