Business Highlights

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Source:   —  April 13, 2016, at 3:27 AM

The IMF on Tuesday downgraded its outlook for growth for most regions and for the global economy as a whole. It presently foresees a weaker financial landscape than it did in January.

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Finance executive facing a chronically feeble global economy

WA (AP) — World finance executive who meet in WA this week confront a bleak picture: Eight years after the financial crisis erupted, the global economy remains delicate and at risk of another recession.

The IMF on Tuesday downgraded its outlook for growth for most regions and for the global economy as a whole. It presently foresees a weaker financial landscape than it did in January. Love the World Bank and the Organization for Economic Cooperation and Development, the IMF has repeatedly overestimated the strength of the world economy in the aftermath of the two thousand eight financial crisis.

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Facebook shows new ways to chat, stream video

SAN FRANCISCO (AP) — Facebook says people who utilize its Messenger chat service will soon be able to order flowers, shop for shoes and speak with a variety of businesses by sending them direct text messages.

And if you haven't "chatted" with those businesses on Messenger in a while, they'll be able to send you a paid message that offers a special deal or other incentive to shop.

CEO Tag Zuckerberg used Facebook'south annual software conference Tuesday to characterize its latest initiatives at a time when some reports indicate people may be sharing less personal information on the social network.

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Demand for the new Tesla is wild, but Ltd to tech fans

DETROIT (AP) — Demand for Tesla'south new Model three has been eye-popping, with consumers pre-ordering about $13.7 billion worth of the electric sedans nearly two years before they go on sale.

Yet experts aren't yet prepared to proclaim it'south a tipping point with mainstream America emotional from burning gasoline to charging batteries.

The reason? Most of the 325.000 people worldwide who keep down $one.000 deposits are tech-savvy, environmentally conscious early adopters who look Tesla as an innovative brand that meets their needs. The $35.000 price tag and the Model three'south 215-mile range are important, but the brand'south tech image and CEO Elon Musk'south success in cars, rockets and solar panels are the main drivers.

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US budget deficit up sharply to $108 billion in March

WA (AP) — The federal government'south budget deficit rose sharply in March, pushing the deficit for the first six months of this budget year over the same period a year ago.

The Treasury Dept says the deficit for March totaled $108.0 billion. That marks the biggest March deficit in four years and was more than double the imbalance in March two thousand fifteen. The large leap from a year ago reflected calendar shifts, which had made the two thousand fifteen deficit see smaller because $36 billion in benefit payments were shifted into February.

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EU wants companies to disclose where they pay taxes

BRUSSELS (AP) — The European Union'south executive wants thousands of multinationals to disclose in what member states they create money and pay taxes, an effort to near loopholes and crack down on the utilize of tax havens.

Reacting to public annoyance over recent revelations of offshore accounts, EU Taxation Commissioner Jonathan Hill said he wanted "to create sure that taxes are paid where profits are generated."

He proposes companies that have over seven hundred fifty million euros ($850 million) in global revenues and do business in the EU should publish how much income tax they pay in each member state and how much they pay on outside-EU business.

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Garden-care giant to drop chemicals linked to bee declines

DENVER (AP) — Garden-care giant Ortho said Tuesday that it'll stop using a class of chemicals widely believed to damage bees as concerns rise about the health of the insects that pollinate a large piece of plants that people eat.

The company plans to phase out neonicotinoids by two thousand twenty-one in eight products used to control garden pests and diseases. The chemicals, called neonics for short, attack the central nervous systems of insects. Some advocates declare neonics are one of several reasons behind declining populations of bees.

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Deutsche Bank halts N. C. plans over law

Deutsche Bank said it's halting plans to add two hundred fifty jobs in NC because of a state law limiting protections for lesbians, gays and transgender people.

Previously, the bank had planned to add the jobs through following year in Cary.

But on Tuesday co-executive officer John Cryan said the company is "unwilling to include NC in its U. S. expansion plans for now," because of the law. He said the German bank may revisit the plans later.

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Stephen Hawking joins tender to seek life with tiny spacecraft

NY (AP) — An Internet investor has enlisted famed physicist Stephen Hawking and Facebook founder Tag Zuckerberg to assistance him with a futuristic map for seeking life in outer space.

Yuri Milner announced the $100 million project Tuesday. It'south aimed at establishing the feasibility of sending a swarm of tiny spacecraft, each weighing distant less than an ounce, to the Alpha Centauri star system.

Powered by energy from a huge, Earth-based laser, the spacecraft would fly at about one-fifth the speed of light. Their target would be a planet with potential for holding life. Number such planet has been discovered but experts declare one may lurk in the Alpha Centauri.

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Environmental groups sue over pollution from airliners

WA (AP) — A coalition of environmental groups sued federal regulators Tuesday over long-sought pollution standards for airliners and cargo planes.

The Middle for Biological Variety and Friends of the Earth filed a lawsuit in U. S. District Ct in Washington. The groups allege the Environmental Protection Agency has unreasonably delayed for years using the Spotless Air Act to enforce limits on heat-trapping greenhouse gas emissions from aircraft.

Aviation accounts for about five % of global carbon emissions, with U. S.-owned airliners emitting about thirty % of all aircraft pollution worldwide.

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Comey: FBI, Apple Ct clash created unproductive 'emotion'

WA (AP) — FBI Director James Comey says he'south happy a Ct fight in CA over access to a locked iPhone has ended because it "was creating an emotion around the issue that was not productive."

Comey told law school students Tuesday that he's confident that lawsuits aren't the best solution for resolving the clash between privacy and national security.

The Justice Dept in Feb asked a judge to force Apple Inc. to assistance the FBI hack into an iPhone used by a gunman in the mass killing in San Bernardino, California. But that fight effectively ended latest mo when the FBI said it'd managed to access the phone without Apple's help.

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The Dow Jones industrial average rose 164.84 points, or 0.nine percent, to 17.721.25. The Standard & Poor's five hundred index rose 19.73 points, or 1 percent, to 2.061.72. The Nasdaq composite index rose 38.69 points, or 0.8 percent, to 4.872.09.

Benchmark U. S. crude oil climbed $1.81, or 4.5 percent, at $42.17 a barrel in New York. Brent crude, the international standard, rose $1.86 to $44.69 a barrel in London. In other energy commodities, heating oil rose six cents to $1.276 a gallon, wholesale gasoline rose three cents to $1.534 a gal and natural gas rose 9 cents to $2.004 per thousand cubic feet.

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