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Daily brief: Trump signs revised travel ban, Snap shares slump

US president Donald Trump signed a revised executive order Monday banning citizens from six nations from travelling to the United States. Here are the top seven business stories you need to know today.


VW expects to sanction more employees in emissions scandal, chairman says

Volkswagen AG expects to broaden disciplinary action beyond the two dozen employees the carmaker has already suspended in a diesel emissions cheating scandal, Chairman Hans Dieter Poetsch said on Monday.


Airbus sales chief sees some export credit cover in 2017

Airbus expects to have access to European export credit financing on a “case by case” basis in 2017, its sales chief said on Monday, granting it a respite from a series of setbacks.


Snap slumps 12%, lowest since IPO

Shares of Snap Inc slumped 12 per cent on Monday and closed at their lowest level of the three sessions since the Snapchat owner’s soaring market debut last week.


(Disney will create shows for Snapchat)


Saudi Aramco to list locally and abroad in 2nd half of 2018, CEO

Oil giant Saudi Aramco will be listed locally and abroad in the second half of 2018, and the process is going according to plans, Chief Executive Amin Nasser said on Monday.


(Funds expect Saudi Aramco to be valued around $1-1.5 trillion)


IEA warns of oil “supply crunch” by 2020 with no capex renaissance

Global oil supply may struggle to match demand after 2020, when the pinch of a two-year decline in investment in new production could leave spare capacity at a 14-year low and send prices sharply higher, the International Energy Agency said on Monday.


Trump signs a revised travel ban

President Donald Trump signed a revised executive order on Monday banning citizens from six Muslim-majority nations from traveling to the United States but removing Iraq from the list, after his controversial first attempt was blocked in the courts.


(Trump’s travel ban: Middle East airlines, airports make adjustments)


Polluted environments kill 1.7 million children each year, UN health agency

Unhealthy environments are responsible for one-quarter of young child deaths, according to two new reports from the United Nations health agency, which reviewed the threats from pollutants such as second-hand smoke, UV radiation, unsafe water and e-waste.