Global Glance: UN climate talks begin; Exit polls in South Korea forecast win for liberal Moon

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

UN climate talks begin amid uncertainty over US position

BONN, Germany (AP) — Despite uncertainties about whether the United States will remain committed to the Paris climate accord under President Donald Trump, envoys convened talks Monday in Germany on implementing the details of the deal to combat global warming. During ten days of talks in the western city of Bonn, officials will try to agree on how to implement the 2015 Paris Agreement to cut carbon emissions, a treaty that former U.S. President Barack Obama’s government played a leading role in forging. Read more

Exit polls in South Korea forecast win for liberal Moon

SEOUL, South Korea (AP) — Exit polls in South Korea forecast that liberal candidate Moon Jae-in will win an election Tuesday to succeed ousted President Park Geun-hye, who was arrested in March for alleged corruption. A win by Moon would end a decade of conservative rule in South Korea and could result in sharp departures from recent policy toward nuclear-armed North Korea. Official results weren’t expected for hours, but the exit poll of about 89,000 voters at 330 polling stations, jointly commissioned by three major television stations and released just after polls closed, showed Moon receiving 41.4 percent of the vote. Read more

Euro dodges new crisis with Macron win, but needs fixes

LISBON, Portugal (AP) — The euro, the target of populist politicians who claim it has inflicted undue economic pain on Europeans, has a new lease on life after Emmanuel Macron, a firmly pro-euro moderate, won the French presidential election this week. His rival, the right-wing Marine Le Pen, had wanted to pull France out of the bloc, with likely painful consequences for the currency. But even Macron acknowledges the need to strengthen and reform the euro. He will find it, however, an uphill battle. There are political logjams making the currency more resistant to market crises and to end its most painful shortcoming – a reliance on crushing budget austerity to fix countries whose finances and economies run into trouble. Read more

Target testing a restocking program for household essentials

NEW YORK (AP) — Target is testing a program that lets customers order household essentials like laundry detergent, paper towels and peanut butter and have them delivered to their homes the next day. The service, being tested with employees for now, is similar to Amazon Pantry, and comes as Target is trying to enhance its online services to better compete with Wal-Mart and online leader Amazon. Read more

Buffett faults United, but sticks with airlines investments

NEW YORK (AP) — Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he criticized the CEO’s handling of the incident. Buffett also said airplanes “may become like cattle cars,” but that’s because a significant number of passengers will put up with crowding in exchange for cheaper fares. Buffett, whose Berkshire Hathaway Inc. is United’s largest shareholder and has large stakes in other big U.S. airlines, said the recent spotlight on poor customer service in the airline industry doesn’t change his investment strategy. Read more

GOP under pressures as Senate weights vote on drilling rule

WASHINGTON (AP) — Republicans from energy-producing states are under pressure as the Senate weighs whether to overturn an Obama-era regulation to restrict harmful methane emissions escaping from oil and gas wells on public land. A coalition of groups with ties to the fossil-fuel industry and the conservative Koch Brothers have waged a public campaign to overturn the Interior Department rule but have so far fallen short. Senate Republican leaders say they are close to getting the 51 votes needed to overturn the rule under the Congressional Review Act. Read more

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