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March 20, 2017 06:25 AM

Monday Morning Business Brief - March 20

Beijing (AP)

International stock markets were lower today after finance ministers from major economies dropped a pledge to oppose trade protectionism from a weekend statement due to resistance by the Trump administration. Futures point to little change this morning on Wall Street. The dollar gained against the yen and weakened against the euro. Benchmark U.S. crude oil slipped below $48.50 per barrel.

BERLIN (AP) - Separate international agency reports on climate change have reached the same conclusion: The world must swiftly shift energy production away from fossil fuels. Both reports also conclude that such a fundamental change would require considerable investment - but also result in savings due to improvements in energy efficiency. The reports are from the International Energy Agency and the International Renewable Energy Agency.

SAN FRANCISCO (AP) - Jeff Jones, president of the embattled ride-hailing company Uber, has resigned just six months after taking the job. In a brief statement yesterday, Uber didn't say why Jones left. Jones told the tech blog Recode, which first reported his resignation, that his values didn't align with Uber's.

PARIS (AP) - French investigators say they have found evidence of possible emissions fraud in Fiat, Renault, Peugeot-Citroen and Volkswagen cars sold in France, but have found no proof of fraud in Opel vehicles. The Finance Ministry announced in a statement today that the Opel probe is now closed. It's now up to the French justice system to determine whether to send the other companies to trial.

BEIJING (AP) - China's trading partners are bringing the top U.N. food standards official to Beijing next month in a last-ditch attempt to persuade regulators to scale back plans to require intensive inspections of food imports - including such low-risk items as wine and chocolate. Washington and Europe say China's plans could disrupt billions of dollars in commerce and inflame tensions with the Trump administration.
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