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  • LONDON, July 16- British Prime Minister Theresa May will face the anger of Brexit supporters in her party on Monday when they try to force her to change course on her strategy for leaving the European Union. May is battling for her political survival after announcing a Brexit negotiating strategy that enraged eurosceptics in her Conservative Party, who see it as...

  • In recent years sovereign wealth funds have ramped up their exposure to real assets, snapping up iconic skyscrapers in London and Manhattan, luxury hotels and multi-year concessions for Australian ports. But Bernardo Bortolotti, director of the sovereign investment lab at Bocconi University and co-author of a report showing a slowdown in SWF real estate...

  • BEIJING, July 16- The European Union will open an annual meeting with China on Monday, and will be looking to fend off overtures for an anti-U.S. alliance as China seeks a European counterbalance to U.S. tariffs. This year's talks come with the United States and China increasingly mired in a trade dispute with no sign of negotiations on the horizon.

  • *Q2 GDP, June activity data due July 16 at 0200 GMT. BEIJING, July 16- China is expected to report a modest slowdown in second-quarter economic growth on Monday, as the government's efforts to tackle debt risks crimp activity and a trade war with the United States threatens exports. Data on Friday showed China's trade surplus with the United States swelled to a...

  • LONDON, July 15- L3 Technologies Inc said on Sunday it hired former senior Lockheed Martin Corp executive Steve O'Bryan as its global chief of business development, the latest in a series of appointments aimed at expanding the company's reach. L3 Chief Executive Chris Kubasik, another former Lockheed executive, has charted an ambitious course to expand the...

  • *Norway union, employers have no contacts over weekend. OSLO, July 15- A Norwegian union for workers on offshore oil and gas drilling rigs stepped up a six-day strike on Monday that has slightly hit oil output after employers did not respond to demands for higher wages and pension benefits. Both the Safe union and employers in the Norwegian Shipowners' Association...

  • On eve of Russia summit, Trump calls European Union' a foe'. President Donald Trump rattled allies once more by labeling the European Union a foe with regard to trade. GAZA- A ceasefire largely held on Sunday along a tense Gaza- Israel border on Sunday following a day of fierce fighting, but Israel remained on high alert and boosted its air defenses in case hostilities...

  • LONDON, July 15- British Prime Minister Theresa May will on Monday seek to reassure aviation bosses that her under-fire Brexit plan won't disrupt their supply chains, and promise that the industry will flourish as Britain leaves the European Union. May's words, to be delivered at the Farnborough Airshow south west of London, come at a crunch time for the prime...

  • NAIROBI, July 15- Kenya Power's Chief Executive Officer gave himself up to police on Sunday and was in their custody, police said, a day after the east African country said it wanted to charge him over alleged economic crimes. Over the weekend, the Directorate of Criminal Investigations has arrested 11 other Kenya Power managers and former managers including Ben...

  • LONDON, July 15- Boeing Co is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from U.S.-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday. Washington recently imposed 25- percent tariffs on $34 billion of Chinese imports, and Beijing responded...

  • CAMARILLO, Calif.— The average price of regular-grade gasoline in the U.S. fell a penny a gallon over the past three weeks to $2.94. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the average price is 63 cents higher than it was one year ago. The highest average price in the contiguous 48 states was $3.74 in the San Francisco Bay Area.

  • "Hotel Transylvania 3: Summer Vacation" topped the domestic box office charts with $44 million from 4,267 locations, while Dwayne Johnson's "Skyscraper" washed up with a paltry $25.5 from 3,782 theaters. The third installment of the franchise-- featuring the voices of Adam Sandler, Selena Gomez, Andy Samberg, and Kathryn Hahn-- carried an $80 million production...

  • CHICAGO— CVS Health is apologizing after a black customer says white store managers in Chicago accused her of trying to use a phony coupon. Morry Matson's left hand shakes as he calls police around 11:30 p.m. Friday. Matson is running for Chicago City Council and was a state delegate for Donald Trump's 2016 presidential campaign.

  • FARNBOROUGH, England, July 15- Airbus is close to a deal to sell A350 long-haul jets to Taiwanese start-up StarLux Airlines, people familiar with the matter said on Sunday. The airline, founded with the aim of challenging Asian network carriers by former EVA Airways chairman Chang Kuo-wei, was not available for comment. If confirmed, a deal for 14 A350s would be...

  • DETROIT— It's been five years since Detroit bottomed out after decades of decline, admitting in the largest U.S. municipal bankruptcy filing ever that the country's one-time industrial engine could no longer pay its bills. Jean Estell, 65, worked about three decades in Detroit's recreation and public works departments before retiring in 2004.

  • NEW YORK— The hammering and drilling began just months after Jared Kushner's family real estate firm bought a converted warehouse apartment building in the hip, Williamsburg section of Brooklyn. More than a dozen current and former residents of the building told The Associated Press that they believe the Kushner Cos.' relentless construction, along with rent...

  • DES MOINES, Iowa— Even before the specter of a trade war with China and other countries threatened to cost them billions of dollars, American farmers were feeling the squeeze from fluctuating crop prices and other factors that have halved their overall income in recent years. "No matter where you look in ag right now, you see storm clouds on the horizon and some of...

  • LOS ANGELES— " Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust. Worldwide, " Hotel Transylvania 3" has already earned more than $100 million. Going into the weekend, experts expected a three-way race to the top between " Hotel Transylvania 3,"''...

  • Washington recently imposed 25- percent tariffs on $34 billion of Chinese imports, and Beijing responded with tariffs on the same amount of U.S. exports to China.. The U.S. administration then raised the stakes, threatening 10- percent tariffs on $200 billion of Chinese goods, prompting China to warn it would hit back. Speaking at a briefing ahead of the...

  • *Norway union, employers have no contacts over weekend. *Some 900 workers to join rig strike from Monday. OSLO, July 15- A Norwegian oil and gas rig workers' union prepared on Sunday to widen from midnight a six-day strike that has slightly dented Norway's oil output, saying employers had not responded to their demand for higher wages and pension benefits.