Business Briefs – July 16, 2018

AP Exclusive: Billionaires Fuel U.S. Charter Schools Movement

SEATTLE (AP) – Billionaires like Microsoft co-founder Bill Gates and heirs to the Walmart retail fortune are influencing state education policy by giving money to state-level charter support organizations to sustain and expand the charter schools movement across the U.S. An Associated Press analysis of tax filings and Foundation Center data shows that since 2006, philanthropists and their private foundations and charities have given almost half a billion dollars to those groups.

U.S. Challenges China, EU and Others at WTO Over Steel Tariffs

WASHINGTON (AP) – The Trump administration is filing a challenge at the World Trade Organization against China, the European Union, Canada, Mexico and Turkey for retaliating against American tariffs on imported steel and aluminum.

Amazon’s Prime Day Runs Into Early Snags

NEW YORK (AP) – Amazon’s website ran into some early snags Monday on its much-hyped Prime Day. Shoppers took to social media to complain that they couldn’t order items. It’s an embarrassment for the tech company on the shopping holiday it created.

IMF: World Economy Likely to Grow 3.9 Percent This Year

WASHINGTON (AP) – The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.