Global Glance: Macron to reshuffle French government; Britain kicks off Brexit negotiations with EU

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

France’s Macron to reshuffle government after huge parliament win

PARIS (AP) — French President Emmanuel Macron is poised to rearrange his Cabinet after his new centrist party engineered a landslide in the country’s parliamentary election, enabling the government to quickly start passing its first big laws. Prime Minister Edouard Philippe will resign “in the coming hours” and a new government will be named in the next few days, government spokesman Christophe Castaner said Monday on RTL radio. It’s a largely symbolic move required after a legislative election. Read more

So it begins: Britain kicks off Brexit negotiations with EU

BRUSSELS (AP) — A year after its historic vote, Britain on Monday finally opened negotiations with the other 27 European Union nations about leaving the bloc, with the final outcome, due in 2019, as globally important as it now seems unpredictable. The two chief negotiators, Michel Barnier of the EU and David Davis from Britain, immediately set off to find common ground in their working relationship, an important touchstone to see how amicable the biggest political divorce in decades will become. Read more

Tech CEOs to visit White House

WASHINGTON (AP) — Technology CEOS are expected at the White House Monday for an event focused on modernizing government. The White House said expected attendees include Apple CEO Tim Cook and Amazon CEO Jeff Bezos. This will be the first event for a technology-focused group within the White House Office of American Innovation, which seeks to overhaul government functions using ideas from the business sector. Read more

Expulsion of Qataris from Gulf states comes into effect

DUBAI, United Arab Emirates (AP) — The deadline for Qataris to leave neighboring Gulf Arab states came into effect on Monday as the diplomatic standoff persisted with no end in sight despite multiple efforts at mediation. Saudi Arabia, the United Arab Emirates and Bahrain cut ties with Qatar on June 5 and announced that Qatari residents would have 14 days to leave. They also urged their own citizens in Qatar to leave and threatened imprisonment and fines for anyone who criticizes the measures. Read more

China propels rise of electronic ultra-high-performance cars

BEIJING (AP) — A wave of fledgling automakers – all backed at least in part by Chinese investors – are propelling the electric vehicle industry’s latest trend: ultra-high-performance cars. Manufacturers including Detroit Electric, Qiantu Motor, Thunder Power and NEVS aim to compete with Europe, Detroit and Japan by offering top speeds over 150 mph (240 kph) and features including carbon fiber bodies and web-linked navigation and entertainment. The ventures mix U.S. and European technology with Chinese money and manufacturing, reflecting this country’s rise as a market and investor for an industry where Beijing wants a leading role. Communist leaders see electric vehicles as a way to clear China’s smog-choked cities and as an engine for economic development. Read more

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