PRESS DIGEST-New York Times business news - July 7
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July 7 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. President Donald Trump is expected to restore rights to purchase F-35 stealth fighter jets to Turkey at the NATO summit in Ankara, which would reverse a ban that Trump himself imposed 7 years ago.
- Canada said on Monday it has selected ThyssenKrupp Marine Systems TKAG.DE in cooperation with the Norwegian and German governments to build a new fleet of submarines for its navy, marking a step to reduce the Canadian military and economy's reliance on the United States.
- Walmart WMT.O said on Monday it was slashing prices of beef and other products, including produce, drinks, pools, toys, grills and summer clothing, a move that U.S. President Donald Trump tried to take credit for on the country's 250th anniversary.
- Samsung Electronics 005930.KS said on Tuesday that its second-quarter operating profit of 89.4 trillion South Korean won ($58.69 billion) was nearly 20 times higher than last year’s 4.7 trillion won ($3.09 billion), driven by a rising demand for memory chips used in data centers for artificial intelligence.
($1 = 1,523.2000 won)
