Things To Do In SW Florida

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — European shares mostly fell and U.S. stock futures skidded Monday after U.S. President Donald Trump threatened to slap a 10% extra tariff on imports from eight European countries because they oppose having America take control of Greenland.

Related Articles

• 
  Inequality and unease are rising as elite Davos event opens with pro-business Trump set to attend

• 
  What to know about the annual World Economic Forum meeting in Davos

• 
  What’s open and closed on Martin Luther King Jr. Day

• 
  IMF upgrades outlook for surprisingly resilient world economy to 3.3% growth this year

• 
  Europe warns of ‘dangerous downward spiral’ after Trump threatens tariffs over Greenland

Germany’s DAX lost 1.3% to close at 24,960.33 and the CAC 40 in Paris fell 1.9% to 8,101.96. Britain’s FTSE 100 declined 0.4% to 10,190.26.

Among U.S stock futures, the S&P 500 was down 1% as of 11:48 a.m. Eastern Time, while the Dow Jones Industrial Average was down 0.8% and the Nasdaq composite was down 1.2%. U.S. stock markets are closed Monday in observance of Martin Luther King Jr. Day. read more

By PAUL WISEMAN, Associated Press Economics Writer

WASHINGTON (AP) — An unexpectedly sturdy world economy is likely to shrug off President Donald Trump’s protectionist trade policies this year, thanks partly to a surge of investment in artificial intelligence in North America and Asia, the International Monetary Fund said in a report out Monday.

Related Articles

• 
  Inequality and unease are rising as elite Davos event opens with pro-business Trump set to attend

• 
  What to know about the annual World Economic Forum meeting in Davos

• 
  What’s open and closed on Martin Luther King Jr. Day

• 
  US futures sink after Trump warns of higher tariffs for 8 countries over Greenland issue

• 
  Europe warns of ‘dangerous downward spiral’ after Trump threatens tariffs over Greenland

The 191-nation lending organization expects that global growth will come in at 3.3% this year, same as in 2025 but up from from the 3.1% it had forecast for 2026 back in October.

The world economy “continues to show notable resilience despite significant US-led trade disruptions and heightened uncertainty,” IMF chief economist Pierre-Olivier Gourinchas and his colleague Tobias Adrian wrote in a blog post accompanying the latest update to the fund’s World Economic Outlook. read more

By STEFANIE DAZIO, JILL LAWLESS and EMMA BURROWS

BERLIN (AP) — The eight European countries targeted by U.S. President Donald Trump for a 10% tariff for opposing American control of Greenland blasted the move Sunday, warning that his threats “undermine transatlantic relations and risk a dangerous downward spiral.”

The joint statement by some of America’s closest allies signaled a possible turning point in the recent tensions over sovereignty and security nearly 24 hours after Trump’s threat.

It was also the most forceful rebuke of Trump from the European allies since he returned to the White House almost a year ago. In recent months, Europeans have mostly opted for diplomacy and flattery around him, even when seeking an end to the war in Ukraine. Sunday’s statement, as well as some European countries sending troops to Greenland for a Danish military training exercise, appeared to be a step away from that strategy.

The unusually strong joint statement from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland said troops sent to Greenland for operation “Arctic Endurance” pose “no threat to anyone.” read more

Winter Garden residents who fought unsuccessfully to stop Scott Boyd from developing his McKinnon Groves property in Wellness Way are gearing up for another battle with the former Orange County Commissioner — this time in their own backyard.

Boyd’s McKinnon Corp. has filed plans with the city of Winter Garden to rezone the former citrus groves along Johns Lake into a mixed-use development with housing, parks and a boutique hotel with an event barn and wedding chapel. according to a report in GrowthSpotter. The property currently has an Urban Village future land use, but isn’t zoned.

More than 70 Winter Garden residents, many worried about growth, attended a community meeting earlier this week hosted by Boyd and his development team.

Located near the Lake-Orange county line, the Johns Lake Urban Village Planned Unit Development, or UVPUD, is set to contain 613 attached and detached single-family homes on just over 319 acres.

McKinnon Corp., which owns the property, would serve as the developer of the project and would retain 3.36 acres of lakefront property where Boyd currently resides. read more

By ALEXA ST. JOHN

DETROIT (AP) — Chinese automakers have been making inroads around the world with growing sales of their high-tech, stylish and affordable electric vehicles. That has had competitors concerned even before Canada this week agreed to cut its tariffs on Chinese EVs in exchange for concessions on Canadian farm products.

Related Articles

• 
  Winter Garden neighbors square off on former county commissioner’s Johns Lake development

• 
  Social media platforms removed 4.7 million accounts after Australia banned them for children

• 
  YouTube relaxes monetization policy on videos with controversial content

• 
  The Savings Game: How life insurance might help protect IRA values for your heirs

• 
  ChatGPT’s free ride is ending: Here’s what OpenAI plans for advertising on the chatbot

Experts now say an easier path into Canada could be a big boost for Chinese carmakers looking to dominate the global market — particularly as their domestic market weakens. That poses a threat to other auto manufacturers, particularly American companies. read more