Afternoon Coffee: iPhone 8 to be Revealed in Two Weeks, Nissan Doubles Down on Britain Ahead of Brexit

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An Apple event on Sept. 12 will unveil the latest iPhone model, as well as an updated Apple TV, CNBC reports. According to rumors, the iPhone 8 will feature a screen that covers nearly the entire front of the device, a design that has pushed Apple’s manufacturers to step up to competition from other phone makers that offer the same.

Nissan Plans for Brexit

Even as Brexit casts a cloud of uncertainty over the U.K., Nissan is looking to boost production in the island nation by 20%, according to Nikkei Asian Review. The automaker will also source more parts from within the U.K., in an effort to offset higher costs from rewritten trade agreements.

Grasberg Mine

Freeport-McMoRan reached a tentative agreement with the Indonesian government Tuesday to give a majority stake in its Grasberg mine back to the country, the New York Times reports. The mine, one of the “world’s most valuable chunks of land,” contains a vast store of copper and gold.

Auto Exports 

And finally, a trade update: Mexico’s exports of vehicles and auto parts rose 13.2% in July, the Wall Street Journal reports, with total export rising 8% from July 2016 to $32.16 billion.