Global Glance: CEOs push back against Trump immigration ban; Europe’s recovery gains speed

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

CEOs push back against Trump temporary immigration ban

NEW YORK (AP) — CEOs of some of the world’s biggest companies are fighting back against President Donald Trump’s temporary immigration ban, calling it un-American and bad for business. The heads of Apple, Ford and Goldman Sachs said that they don’t support the executive order the president signed last week, which bans immigrants from seven Muslim-majority countries from entering the U.S. Google said it is donating cash to organizations that support immigrants. Other companies said they will help employees affected by the ban or, in the case of Starbucks, hire refugees. Read more

Europe’s recovery gains speed in turbulent year

FRANKFURT, Germany (AP) — Europe’s economic recovery is on more solid ground ahead of what could be a turbulent political year. Official figures showed clear signs of improvement in the 19 countries that share the euro currency. Statistics agency Eurostat said Tuesday that eurozone growth accelerated in the fourth quarter to 0.5 percent from 0.4 percent in the previous three-month period. As a result, the eurozone economy grew by 1.7 percent in 2016. Read more

Wal-Mart opts for free, faster shipping on necessities

NEW YORK (AP) — Wal-Mart is replacing a program that offered free shipping but had an annual fee with one that has a lower free shipping threshold and faster delivery as it hopes to answer Amazon’s powerful Prime membership success. The retailer says it will reduce shipping time to two days on 2 million of its most popular items including essentials like diapers and pet food as well hot toys and Electronics. Wal-Mart’s average shipping time has been three to five days. Starting Tuesday morning, it’s also reducing the spending necessary for free shipping to $35 from $50. Read more

Deutsche Bank to pay $425M to settle New York probe

NEW YORK (AP) — Deutsche Bank will pay $425 million to settle an investigation by a New York state regulator into a $10 billion money laundering scheme. The Department of Financial Services said Monday Deutsche also must hire an independent monitor as part of a consent order for violations of laws involving a “mirror trading” scheme. The regulator found that parties in the bank’s Moscow branch purchased Russian stocks in rubles and another party sold the identical stock in the same price and quantity in U.S. dollars through the bank’s London office. It says the trades showed no “legitimate economic rationale.” Read more

Japan’s central bank keeps policy intact, upgrades outlook

TOKYO (AP) — Japan’s central bank wrapped up its first board meeting of the year on Tuesday with a decision to keep its ultra-loose monetary policy unchanged, though it upgraded its growth forecasts for the world’s third-largest economy. The Bank of Japan cited easy lending conditions, rising exports and stronger government and corporate spending, in part linked to the 2020 Tokyo Olympics, as reasons to expect a more robust recovery, despite recent weakness in consumption and investment. It forecast the economy will grow at a 1.4 percent annual pace in the current fiscal year, which ends March 31, up from an earlier estimate of 1.0 percent. It expects 1.5 percent growth in the coming fiscal year, up from the earlier 1.3 percent forecast. Read more

UK lawmakers start debate on bill authorizing Brexit talks

LONDON (AP) — The British minister in charge of quitting the European Union warned lawmakers Tuesday not to block the start of divorce talks, saying the country had passed a “a point of no return” in its decision to leave. The House of Commons is holding two days of debate on a bill authorizing Prime Minister Theresa May to trigger two years of exit talks, as the government races to meet a self-imposed March 31 deadline to begin the process. The government was forced to introduce legislation after a Supreme Court ruling last week torpedoed May’s effort to start the process of leaving the 28-nation bloc without a parliamentary vote. Read more


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