August 3, 2018 / 4:53 AM / a year ago

PRESS DIGEST- New York Times business news - Aug 3

Aug 3 (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.

- Apple Inc on Thursday became the first publicly traded American company to be worth more than $1 trillion when its shares climbed 3 percent to end the day at $207.39. The gains came two days after the company announced the latest in a series of remarkably profitable quarters.

- The Trump administration on Thursday put forth its long-awaited proposal to freeze anti-pollution and fuel-efficiency standards for cars, significantly weakening one of Barack Obama's signature policies to combat global warming.

- The Bank of England raised interest rates on Thursday to 0.75 percent, their highest levels in nearly a decade as it seeks to tamp down inflation and make preparations for a potential economic downturn as Britain exits the European Union. (Compiled by Bengaluru newsroom)

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