Tuesday

January 3, 2017

Business and economy

Ford announces that it has cancelled plans to build a $1.6 billion plant in Mexico, long criticized by U.S. President-elect Donald Trump, and will invest $700 million in its Michigan plant in Flat Rock, potentially creating 700 new jobs from the investment and expansion of the plant. (CNN) (Fox News)

The U.S. Commerce Department announces that construction spending increased 0.9 percent to $1.18 trillion in November 2016, the highest level since April 2006. (CNBC)

Law and crime

Former Hong Kong Chief Executive Donald Tsang, who is on trial for corruption, pleads not guilty to three charges of bribery and misconduct relating to a penthouse he leased in Shenzhen. (AFP, Reuters via The Straits Times) (BBC News) (South China Morning Post)

2017 Kidapawan jail siege

More than 100 prisoners escape in the Philippines after armed suspected Muslim rebels storm a prison in Kidapawan. A prison guard dies. (ABC Australia) (Al Jazeera)