Global Glance: Comey’s testimony puts spotlight on Trump; polls open in UK election

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

Fired FBI director Comey’s testimony puts spotlight on Trump

WASHINGTON (AP) — In a hugely anticipated hearing, fired FBI director James Comey will recount a series of conversations with President Donald Trump that he says made him deeply uneasy and concerned about the blurring of boundaries between the White House and a law enforcement agency that prides itself on independence. The testimony , Comey’s first public statements since his May 9 dismissal, is likely to bring hours of uncomfortable attention to an administration shadowed for months by an investigation into ties between the Trump campaign and Russia. Read more

Polls open in UK election after campaign marred by attacks

LONDON (AP) — British voters went to the polls Thursday for an election envisioned to be dominated by the country’s pending departure from the European Union but that ended up focusing on international terrorism following attacks in London and Manchester. Voters are choosing 650 lawmakers for the House of Commons after Prime Minister Theresa May called the vote three years early, hoping to boost her majority before starting Brexit negotiations. But the attacks forced her to defend the government’s record on terrorism, and she’s promised to crack down on extremism if she wins. Read more

House GOP on track to undoing post-2008 financial rules

WASHINGTON (AP) — House Republicans headed toward a vote Thursday on dismantling sweeping financial rules established under President Barack Obama that were designed to head off economic meltdowns like the one that caused millions of Americans to lose their jobs and homes during the Great Recession. Republicans are arguing that the many requirements imposed under what is known as the Dodd-Frank Act have actually harmed economic growth by making it harder for consumers and businesses to get credit. Read more

European Central bank sticks with economic stimulus

FRANKFURT, Germany (AP) — The European Central Bank made a small step toward phasing out its extraordinary support for the economy on Thursday – but left its stimulus programs and record low interest rates unchanged despite a spreading recovery in the 19 countries that use the euro currency. In its statement announcing its policy decision, the central bank dropped wording that it could lower interest rates further, a sign of greater confidence in the economy, which is growing at a two-year high. Read more

Big firms join race for investors looking to make an impact

NEW YORK (AP) — If you haven’t heard of impact investing yet, just wait. It’s one of the hottest areas in investing, and the industry is racing to offer more opportunities for people to put their money into investments that deliver a positive impact on the world, along with positive returns. Think: projects and stocks of companies that are providing clean water or looking to prevent disease. This formerly niche corner of investing has become increasingly mainstream, partly because it offers a tantalizing opportunity to target millennial customers. Read more

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