Global Glance: Trump to Capitol in last-ditch health care lobbying; China’s trading partners alarmed by food import controls

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

Trump to Capitol in last-ditch lobbying for health care bill

WASHINGTON (AP) — President Donald Trump is rallying support for the Republican health care overhaul by taking his case directly to GOP lawmakers at the Capitol, two days before the House plans a climactic vote that poses an important early test for his presidency. Top House Republicans unveiled revisions to their bill in hopes of nailing down support. At a rally Monday night in Louisville, Kentucky, Trump underscored what he called “the crucial House vote.” Trump’s closed-door meeting with House Republicans was coming as party leaders released 43 pages worth of changes to a bill whose prospects remain dicey. Their proposals were largely aimed at addressing dissent that their measure would leave many older people with higher costs. Read more

China’s trading partners alarmed by food import controls

BEIJING (AP) — China’s trading partners are bringing the top U.N. food standards official to Beijing in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports – including such low-risk items as wine and chocolate – that Washington and Europe say could disrupt billions of dollars in commerce. The rule could inflame tensions with the administration of U.S. President Donald Trump, who has promised to raise tariffs on imports from China, and the European Union. Under the rule, due to take effect as early as October, each consignment of food would require a certificate from a foreign inspector confirming it meets Chinese quality standards. Other countries require such inspections only for meat, dairy and other perishable items. Read more


Greece, creditors stepping up talks as debt deadline looms

BRUSSELS (AP) — Greece and its international creditors are stepping up talks on issues holding up the release of more loans to keep the country’s debt-wracked economy afloat. Eurogroup chairman Jeroen Dijsselbloem said finance ministers from the 19 nations that used the shared euro currency agreed Monday on more talks “intensified in the coming days here in Brussels.” He said the aim is to “clear those last big issues out of the way,” including tax, pension and labor market reforms. Read more

High court nominee to face daylong questioning in Senate

WASHINGTON (AP) — Supreme Court nominee Neil Gorsuch faces hours of questioning from senators as frustrated Democrats are determined to press him on everything from abortion and guns to his independence from President Donald Trump. Republicans are unanimously supporting Gorsuch, and certain to give him what cover they can as he appears before the Senate Judiciary Committee for Day 2 of his confirmation hearings on Tuesday. But Democrats made clear on the first day that they were in no mood to “rubber stamp a nominee selected by extreme interest groups and nominated by a president who lost the popular vote by nearly 3 million votes,” as Democratic Sen. Patrick Leahy of Vermont put it. Read more

BMW expects higher profits and more electric cars

FRANKFURT, Germany (AP) — German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100,000 electric-powered cars. The company said Tuesday it expects “a slight increase” from last year, when it had 94.2 billion euros ($101.7 billion) in revenues and net profit of 6.9 billion euros. It sold 62,000 electrics. Munich-based BMW AG has invested heavily in electric vehicles even though they remain less than 1 percent of the global market, saying they’re the key to future sales. The company predicts electric vehicles will be 15-25 percent of the market by 2025. Read more


EU to hold Brexit summit for 27 members on April 29

BRUSSELS (AP) — The 27 European Union nations will hold a special Brexit summit on April 29 – one month after Britain plans to trigger divorce proceedings with the EU – to decide on the guidelines for the next two years of negotiations with the U.K. EU Council President Donald Tusk said Tuesday that the “Brexit guidelines” aims to give citizens, companies and all member states “certainty and clarity” on how the talks will go. Britain – which is excluded from the summit – announced Monday it will formally trigger negotiations to exit the EU on March 29. That is expected to create two years’ uncertainty for all sides because no member state has ever walked away from the bloc. Read more


Target revamps stores for those in a rush, those who ramble

NEW YORK (AP) — In a move to bring shoppers back to its stores, Target is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger. The new layout was unveiled by CEO Brian Cornell in Las Vegas Monday. It will feature a separate entrance and 10-minute parking for shoppers looking to pick up an online order or some essentials. New center aisles will be curved rather than squared off, to inspire people to explore, says Mark Schindele, senior vice president of Target Properties. LED track lighting will replace fluorescent fixtures, and brand boutiques meant to replicate a specialty-store feel will showcase rotating looks. Read more


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