Global Glance: 4 Arab nations cut diplomatic ties to Qatar; World Bank sees global economy growing 2.7 percent this year

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4 Arab nations cut diplomatic ties to Qatar as rift deepens

DUBAI, United Arab Emirates (AP) — Four Arab nations cut diplomatic ties to Qatar on Monday over its relations with Iran and support of Islamist groups, isolating the tiny energy rich country by cutting off its land, sea and air routes to the outside world. Bahrain, Egypt, Saudi Arabia and the United Arab Emirates began withdrawing their diplomatic staff from Qatar as regional airlines quickly announced they’d suspend service to its capital, Doha. Qatar, which will host the 2022 FIFA World Cup and is home to some 10,000 American troops at a major U.S. military base, criticized the move as a “violation of its sovereignty.” Read more

World Bank sees global economy growing 2.7 percent this year

WASHINGTON (AP) — The world economy will pick up speed this year and next, helped by steadier commodity prices and a pickup in global trade, the World Bank said Sunday. The anti-poverty agency predicts 2.7 percent growth this year and 2.9 percent in 2018, improving on 2016’s 2.4 percent expansion. The bank sees the U.S. economy growing 2.1 percent this year, up from 1.6 percent in 2016, and the 19-country eurozone expanding 1.7 percent, down a notch from 1.8 percent. Read more

Trump to embrace privatization of air traffic control system

WASHINGTON (AP) — President Donald Trump plans to lay out his vision for overhauling the nation’s air traffic control system on Monday, outlining his goals to privatize the system in a White House speech. Trump will push for the separation of air traffic control operations from the Federal Aviation Administration, embracing an approach long championed by U.S. airlines, according to White House officials. Joined by airline industry executives, Trump is expected to point to the changes as a way of accelerating a more modern air traffic control system. Read more

Jobs data could signal shortage of qualified workers to hire

WASHINGTON (AP) — Are employers starting to run out of workers to hire? A hiring pullback reported in Friday’s U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help cut the unemployment rate to a 16-year low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening. “It’s definitely becoming an increasing problem for businesses – finding qualified workers,” said Stephen Stanley, chief economist at Amherst Pierpont Securities. “The pool has diminished considerably.” Read more

New smart speaker expected as Apple kicks off conference

SAN FRANCISCO (AP) — Apple appears poised to unveil a voice-activated, internet-connected speaker that would create a new digital pipeline into people’s homes. Tapping Apple’s Siri digital assistant, such a speaker is expected to serve as a butler as well as an outlet for listening to music. If the speculation pans out, the speaker would be Apple’s first new product since its smartwatch in 2015. And it would mark an effort by Apple to catch up with Amazon and Google. Read more

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