Global Glance: Trump offers US aid to penalized Chinese telecom company; security researchers outwit popular email encryption

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

Trump offers US aid to penalized Chinese telecom company

WASHINGTON (AP) — In a surprising overture to China, President Donald Trump says he would help a Chinese telecommunications company get “back into business,” saying too many jobs in China are at stake after the U.S. government cut off access to its American suppliers. The U.S. Commerce Department last month blocked the ZTE Corp., a major supplier of telecom networks and smartphones based in southern China, from importing American components for seven years. The U.S. accused ZTE of misleading American regulators after it settled charges of violating sanctions against North Korea and Iran. Read more

Security researchers outwit, bypass popular email encryption

BERLIN (AP) — Germany’s cybersecurity agency says German and Belgian researchers have found a way to outwit two widely used forms of email encryption. IT security experts at the universities of Muenster, Bochum and Leuven were able to trick computers into covertly forwarding them the decrypted message. Germany’s Federal Office for Information Security said Monday that the method used exposes a “serious weakness” in the PGP and S/MIME encryption standards. Read more

Marijuana growers diversify with hemp amid CBD boom

SPRINGFIELD, Ore. (AP) — A glut of legal marijuana has driven Oregon pot prices to rock-bottom levels, prompting some nervous growers to start pivoting to another type of cannabis to make ends meet — one that doesn’t come with a high. Applications for state licenses to grow hemp — marijuana’s non-intoxicating cousin — have increased more than twentyfold since 2015, and Oregon now ranks No. 2 behind Colorado among the 19 states with active hemp cultivation. The rapidly evolving market comes amid skyrocketing demand for a hemp-derived extract called cannabidiol, or CBD, seen by many as a health aid. Read more

French trains widely disrupted as rolling strikes resume

PARIS (AP) — French train traffic is widely disrupted as rail workers prepare to hold a union vote on the government’s plan to revamp the national railway company SNCF. Rail workers resumed Monday rolling strikes that are planned through June to protest against proposed changes at SNCF. The company’s four main unions called on a “zero train” day Monday and organized an internal discussion and vote among workers on the government plan this week. Read more

UN health agency aims to wipe out trans fats worldwide

NEW YORK (AP) — The World Health Organization has released a plan to help countries wipe out trans fats from the global food supply in the next five years. The United Nations agency has in the past pushed to exterminate infectious diseases, but now it’s aiming to erase a hazard linked to chronic illness. In a statement Monday, the U.N. health agency said eliminating trans fats is critical to preventing deaths worldwide. Read more

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