• Canada relieved trade deal done, won't forget Trump attacks
Canada relieved trade deal done, won't forget Trump attacks

Ahead of the midnight deadline set by the White House, The New York Times reports that President Trump approved changes that essentially revamp the 1993 NAFTA deal , bringing Canada on board after Mexico had already agreed in August. NDP Leader Jagmeet Singh said Canadians will end up paying more for things like milk and pharmaceuticals under th...

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  • Tesla's Musk mocks US agency just days after settling with it
Tesla's Musk mocks US agency just days after settling with it

Musk and Tesla each agreed to pay separate $20 million fines to settle allegations that Musk misled investors in early August by tweeting that he had already secured funding to take Tesla private . In addition, Musk will step down as Tesla's Chairman and will not seek re-election for at least three years. Hedge fund manager David Ei...

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  • Toyota Recalls More Than 2 Million Vehicles Over Hybrid-System Fault
Toyota Recalls More Than 2 Million Vehicles Over Hybrid-System Fault

See the chart below. The recall applies to 1.25 million vehicles in Japan, 807,000 in the USA, 290,000 in Europe and 3,000 in China, with the rest across the globe. The recall is meant to address situations in which the failure of a specific component, coupled with hard acceleration, could cause the vehicle to lose power rather than enter a fails...

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  • Trade deal with Canada 'new dawn' for auto industry
Trade deal with Canada 'new dawn' for auto industry

Ratifying the deal is likely to stretch into 2019 because once Trump and the leaders from Canada and Mexico sign the agreement, the administration and congressional leaders will need to write legislation to implement the deal and win passage in Congress.

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"All Chief Ministers On Test Now", Says Arun Jaitley, Cutting Fuel Price

The Congress, however, hit out at the Narendra Modi government over what it described as a "meagre" reduction in excise duty on petrol and diesel . The share prices of oil marketing companies like Hindustan Petroleum Corporation Ltd plunged immediately, down by as much as 12% in initial trading after Jaitley's remarks.

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  • Amazon boosting workers' minimum wage to $15 an hour
Amazon boosting workers' minimum wage to $15 an hour

Amazon's new pay rate includes workers who are hired through temp agencies and subsidiaries in the U.S. The company has more than 575,000 employees worldwide. Pay for warehouse workers at Amazon can vary by location. Amazon, which became the second company after Apple to cross $1 trillion in market value last month, now pays around $11 per hour.

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  • Tesla 3Q production numbers up but can they be sustained?
Tesla 3Q production numbers up but can they be sustained?

The news of Tesla CEO Elon Musk settling with USA financial regulators sent the company's stock soaring Monday morning. It's a mystery that's been brewing since July: Various locations around the country-including lots, garages, and industrial sites-each have anywhere from dozens to hundreds of Tesla cars parked there.

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  • Facebook security breach allows hackers potential access to Tinder, Spotify & Instagram
Facebook security breach allows hackers potential access to Tinder, Spotify & Instagram

Reacting to the new data breach , CEO Mark Zuckerberg said: "While I'm glad we found this, fixed the vulnerability, and secured the accounts that may be at risk, the reality is we need to continue developing new tools to prevent this from happening in the first place".

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  • GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive
GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive

The change is effective immediately . In a press release announcing the move, GE also said it would be taking a $23 billion non-cash charge for its power business and will miss profit expectations for 2018. We have a lot of work ahead of us to unlock the value of GE. While noting that while Culp has work to do, "I wouldn't want to bet against Lar...

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  • Justin Trudeau says Canadians are tough negotiators
Justin Trudeau says Canadians are tough negotiators

Mexico sees a quick agreement between the United States and Canada on the reform of the treaty of free trade in north america Nafta , already renegotiated between Mexico city and Washington. "Canada has a long way to go". Talks remain snagged on several issues, including US demands for greater access to Canada's dairy market and Canadian resi...

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  • Boeing wins $9.2 billion contract for new Air Force training jet
Boeing wins $9.2 billion contract for new Air Force training jet

With hopes to win the lucrative project, KAI had formed a consortium with the US' Lockheed Martin to replace 350 units of the aging T-38 jets. The new sophisticated training system will help train fighter and bomber pilots of the Air Force for generations to come, and Boeing is the designated prime contractor for the Advanced Pilot Training...

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  • Trump claims he rejected Trudeau meeting over Nafta frustrations
Trump claims he rejected Trudeau meeting over Nafta frustrations

Malmstrom reacted strongly to the suggestion that the US administration is attempting to bully Freeland after Trump criticized Canadian NAFTA negotiators in a press conference Wednesday. "They're treated our farmers in Wisconsin, and NY state, and a lot of other states very badly", he said, citing 300 percent Canadian tariffs on dairy products.

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  • Barrick Gold buys Randgold to create world’s biggest gold miner
Barrick Gold buys Randgold to create world’s biggest gold miner

Mining companies have found themselves caught up in a wave of resource nationalism around the world, but the tide has been particularly strong in many parts of Africa, where politicians are threatening to upend long-standing agreements in order to reap greater economic rewards from local resources.

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  • NAFTA deal ‘meaningless’ without protection from Trump auto tariffs, Canadian ambassador says
NAFTA deal ‘meaningless’ without protection from Trump auto tariffs, Canadian ambassador says

Returning to criticizing Canada, he ripped America's neighbor to the north for a long-imposed tariff of almost 300 percent on some dairy products. For the first time, Ambassador David MacNaughton identified such tariff protection as a critical Canadian demand in the continuing North American Free Trade Agreement talks, alongside the preservation ...

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  • Oil eases, but Iran sanctions keep Brent above $80 a barrel
Oil eases, but Iran sanctions keep Brent above $80 a barrel

Brent crude futures settled up 67 cents at US$81.87 a barrel. Brent hit US$82.55 per barrel, its highest since Nov 10, 2014. U.S. West Texas Intermediate ( WTI ) crude futures fell 39 cents to $71.89 a barrel. Major oil trading houses fear the return of $100 crude oil in the upcoming three months. It could cause Washington to take extraordi...

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  • Versace to be bought by USA firm Michael Kors in $2bn deal
Versace to be bought by USA firm Michael Kors in $2bn deal

The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals. Last year , Michael Kors bought Jimmy Choo , the luxury shoemaker founded in London, for nearly £900m. A year ago the American company acquired Jimmy Choo for $1.2bn. Versace reported sales of €686m in 2016. Tiffany & Co. LVMH, PVH Corp. and Tape...

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  • The China-US Trade War Might Go Beyond Tariffs Soon
The China-US Trade War Might Go Beyond Tariffs Soon

The four-page section in Sunday's Des Moines Register , which carried the label "paid for and prepared exclusively by China Daily , an official publication of the People's Republic of China", featured such articles as one outlining how the trade dispute is forcing Chinese importers to turn to South America instead of the U.S.

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  • Amazon may open as many as 3000 cashierless convenience stores
Amazon may open as many as 3000 cashierless convenience stores

Amazon opened its first cashierless store in Seattle two years ago (pictured) and has launched two additional locations in Seattle and another in Chicago. Speculation of a widespread rollout of Amazon Go isn't the first time the company has been rumored to have plotted a massive expansion into brick-and-mortar stores.

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  • Chinese Premier Slams
Chinese Premier Slams "Unilateralism" In Trade Disputes

China responded by imposing tariffs on US$60 billion worth of United States goods. But, he said voters know China has been taking advantage of usa trade for years. The South China Morning Post cited a source Tuesday who said Trump's new tariffs will "likely" scuttle next week's talks. Since early February, the dollar has gained more than 6 ...

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  • Apple Watch, AirPods may be spared from Trump’s China tariffs
Apple Watch, AirPods may be spared from Trump’s China tariffs

China's Finance Ministry said its tariff increases are aimed at curbing "trade friction" and the "unilateralism and protectionism of the United States ". The $200 billion in USA tariffs go into effect in less than a week, on September 24, leaving the two sides little time to sit down. - From Harley-Davidson motorcycles and U.S.

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  • Trump moving forward with plans for new China tariffs
Trump moving forward with plans for new China tariffs

China "wants to make a deal" on trade, Mr. Trump told reporters, adding that "a lot of money" is about to come back "into the coffers" of the U.S. The Chinese government may decline to participate in proposed trade talks if the Trump administration moves forward with additional tariffs, the Wall Street Journal reported on Sunday, citing Chinese...

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  • Coca-Cola in talks with drug company to make cannabis drink
Coca-Cola in talks with drug company to make cannabis drink

A spokeswoman for Aurora Cannabis said the company has expressed interest in infused drinks and intends to enter that market, but it does not discuss business development initiatives until they are finalized. Canada officially legalised the use of recreational cannabis back in June and apparently the United Kingdom could follow suit within f...

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  • No import of Australian strawberry brands with needle contamination: AVA
No import of Australian strawberry brands with needle contamination: AVA

Certain brands have been removed from sale. Police began looking into the potentially risky berries after a Facebook user on Saturday wrote that their friend took a bite of a strawberry and ate "half a sewing needle", according to the Palm Beach Post .

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  • Canada's Freeland to hold NAFTA talks on Tuesday as time runs short
Canada's Freeland to hold NAFTA talks on Tuesday as time runs short

Trade Representative Robert Lighthizer . Prime Minister Justin Trudeau said just last week that the process was needed, because Trump "doesn't always follow the rules." Canada's foreign minister is to be in Saskatoon on Wednesday to update her fellow caucus members on the ongoing negotiations.

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  • Trump claims credit for the economy. Not so fast, says Obama
Trump claims credit for the economy. Not so fast, says Obama

On Monday morning, Trump tweeted that "The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!" Standing behind the same podium where the former White House press secretary Sean Spicer once falsely claimed that Trump's inauguration drew the largest crowd there had ever been, Hassett thanked the ...

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  • China's Record Trade Surplus With US Adds Fuel to Trade War Fire
China's Record Trade Surplus With US Adds Fuel to Trade War Fire

In a tweet Sunday , Trump said Ford's decision not to import a new sport-utility vehicle from China means the Focus Active "can now be built in the U.S.A". In Ford's case, pulling the plug on the low-volume Focus Active won't be hugely significant to its business because it sells more than 2.5 million vehicles annually in its home market.

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  • Trump Threatens Additional Tariffs on $267 Billion of Chinese Goods
Trump Threatens Additional Tariffs on $267 Billion of Chinese Goods

And I hate to say this, but behind that is another $267bn ready to go on short notice if I want. Apple is highly exposed to a trade war between the U.S. The administration's "America First" policies have left the United States embroiled in tit-for-tat tariffs with the European Union, Canada and Mexico as well as an escalating trade war with C...

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  • Six More Woman Accuse CBS CEO Les Moonves of Sexual Assault
Six More Woman Accuse CBS CEO Les Moonves of Sexual Assault

The terms of Moonves's exit were unclear, though it was reported that his severance will be withheld pending the results of an independent investigation. "Lawyers were said to be putting the finishing touches on the settlement on Sunday". He and the media company's board were already negotiating his exit .

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  • Is Goldman Sachs out of the cryptocurrency trading desk idea?
Is Goldman Sachs out of the cryptocurrency trading desk idea?

Bitcoin is an SHA-256 POW coin with 21,000,000 total minable coins. The price started 2018 in the higher $200 range, hitting $283.29 on September 10 previous year. The Bitcoin cost for ETH now sits at 0.03388033 BTC . The announcement had yet another painful effect on the crypto markets , with Bitcoin showing a five percent decline in ...

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  • China's August Trade Surplus With US Hits Record $31 Billion
China's August Trade Surplus With US Hits Record $31 Billion

U.S. president Donald Trump said Friday that he was prepared to roll out tariffs on yet another $267 billion worth of Chinese goods even before his earlier proposed tariffs have gone into effect, the Wall Street Journal reports. It also said the MacMini computer, charging cables and equipment used in its offices and data centres could be hit ...

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  • Tesla stock falls as CEO appears to smoke marijuana on video
Tesla stock falls as CEO appears to smoke marijuana on video

Musk said . Overall, Morton appears to have parted ways with Tesla amicably, stating that he still believes in the company's overall mission, as well as its future prospects. Elon Musk is back at it again! Rogan told Musk it was a mix of tobacco and marijuana. Tesla's HR chief told Bloomberg News she was quitting.

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  • Trump, Trudeau raise NAFTA brinkmanship, muse about walking away
Trump, Trudeau raise NAFTA brinkmanship, muse about walking away

He reiterated his views again at the White House on Wednesday saying that Canada and "other countries have been taking advantage of the United States for many years". Trudeau said Tuesday he would refuse to sign a new NAFTA unless it preserved the exemptions that have protected Canada's cultural sectors, including broadcasting, publishing and mus...

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  • Obama unloads on Trump and politics of resentment
Obama unloads on Trump and politics of resentment

However, the data, in fact, show that Obama oversaw a steady, if somewhat disappointing, economic recovery, and those trends have continued in Trump's first term. "It did not start with Donald Trump ", said Obama, per CNN . Republicans also continue to use Obama's image in campaign ads, like a special House election in Pennsylvania and the West V...

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  • Oil steady ahead of Storm Gordon; weighed by dollar, Cushing build
Oil steady ahead of Storm Gordon; weighed by dollar, Cushing build

International Brent crude oil futures were at $77.43 a barrel at 2.22am GMT, down 21c, or 0.3%, from their last close. Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of US tariffs on another $200 billion of Chinese goods.

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  • Amazon becomes the 2nd U.S. company to join the $1 trillion club
Amazon becomes the 2nd U.S. company to join the $1 trillion club

If the online retailer's share price continues at its recent pace, it will be a matter of when, not if, Amazon's market valuation eclipses that of iPhone maker Apple , which reached $1 trillion on August 2 . Amazon Web Services provides cloud computing services to companies and government, and Amazon's advertising division makes billions by selli...

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  • Trump proposes freezing federal worker salaries
Trump proposes freezing federal worker salaries

Trump's administration proposed a $143.5 billion cut regarding federal employee pay in May. Congress has approved legislation to give military service members a 2.6 percent pay raise, the biggest in nine years, but funding must still be approved.

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  • India's GDP growth surges over 8 percent, boost for Modi before election
India's GDP growth surges over 8 percent, boost for Modi before election

Union Finance Secretary Hasmukh Adhia said: "The GDP growth rate of 8.2 per cent for the first quarter of 2018-19 indicates several structural reforms such as the GST have started giving rich dividends". While this isn't the official so-called back series, it was immediately pounced upon by the Congress, which lead the United Progressive Alliance...

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  • Facebook Watch On-Demand Video Platform Rolling Out Worldwide
Facebook Watch On-Demand Video Platform Rolling Out Worldwide

It features a feed of videos, tailored to each user's interests, including sports, news clips, and live videos from celebrities. Announcing the global launch of Facebook Watch , the company's head of video, Fidji Simo, says: "We launched Watch in the USA a year ago to give people a place on Facebook to find shows and video creators they love...

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  • Cohen's lawyer walks back claim Trump knew of Russia meeting
Cohen's lawyer walks back claim Trump knew of Russia meeting

Duncan said that she and 10 other jurors wanted to convict Manafort on all 18 counts of tax and bank fraud and failing to declare his foreign bank accounts that he faced in the trial. As to Dershowitz's reference to the president's constitutional protections in the Mueller probe, the special counsel wants to speak to Trump about obstruction of ju...

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  • Councilman Wants Mobile Companies to Explain 'Throttling' of First Responders
Councilman Wants Mobile Companies to Explain 'Throttling' of First Responders

Chief Bowden and Verizon representatives are slated to speak at the hearing. The revelations, which were first reported by Ars Technica , are buried in an addendum to a brief filed in support of 21 states and the District of Columbia, which together filed a lawsuit this year that essentially seeks to restore rules known as net neutrality.

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  • Fed interest rate hikes appear on course after chair Jay Powell's address
Fed interest rate hikes appear on course after chair Jay Powell's address

US stocks rose, sending the S&P 500 Index past its January record, as an expanding economy and surging earnings erased a six-month drought in which equities tumbled into a correction. Once interest rates reach an equilibrium, the Fed will cease its rate-hiking path. Trump on Monday criticised the Fed for hiking rates too quickly, saying he was "n...

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  • Trump Organization possible criminal charges over hush-money payments
Trump Organization possible criminal charges over hush-money payments

While it's not a crime to pay someone to keep quiet, the Justice Department says the hush money payments arranged by Cohen to hide allegations of Trump's extramarital affairs were actually unreported campaign contributions meant to influence the outcome of the election.

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  • Donald Trump - what happens next?
Donald Trump - what happens next?

U.S. President Donald Trump's former lawyer Michael Cohen testified on Tuesday that "at the direction of" the president, he arranged six-figure hush payments ahead of the 2016 presidential election to adult-film actress Stormy Daniels and former Playboy model Karen McDougal.

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  • President Trump's Personal Bookkeeper Granted Immunity in Cohen Investigation
President Trump's Personal Bookkeeper Granted Immunity in Cohen Investigation

Weisselberg, the 71-year-old Trump Organization CFO, is intimately familiar with Trump's business dealings, having overseen his corporate ledgers through his rise in the NY real estate world and his global dealings in the years before he launched his presidential bid.

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  • US President Trump takes aim at Federal Reserve for rates hike
US President Trump takes aim at Federal Reserve for rates hike

The dollar, on the ascent in recent months thanks to Fed rate rises and a robust USA economy, stumbled after Trump's latest criticism of the central bank. Beyond criticizing the Fed for raising rates, there's little Trump can do about it. Presidents usually avoid criticizing the central bank, which is created to be independent from political ...

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  • Iran says it is seeking solution to sell oil and transfer revenues
Iran says it is seeking solution to sell oil and transfer revenues

He tweeted: "Anyone doing business with Iran will NOT be doing business with the United States". Europeans' measures to save Iran's 2015 worldwide nuclear deal should "go beyond declarations to take pragmatic steps", Mohammad Javad Zarif said .

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  • Trump bashes Fed chief Powell in interview with Reuters
Trump bashes Fed chief Powell in interview with Reuters

Only once short-term rates reach a "neutral" level where they are neither stimulating nor braking the economy should the central bank potentially stop raising rates and figure out what to do next, Dallas Fed President Robert Kaplan said in an essay.

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  • Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem
Airport Forced to Use Whiteboard to Prevent Total Travel Mayhem

In a statement at 17:00 BST, a Gatwick spokesman said the issue had been resolved and flight information was being displayed as normal. Photos shared on social media show travelers crowded around airport employees who are handwriting departure information on the temporary flight boards.

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  • Trump backs CEOs, proposes easing corporate reporting rules
Trump backs CEOs, proposes easing corporate reporting rules

Others said quarterly disclosures are essential for investment decisions and support richer US stock valuations, and that a change could make shares more volatile. "It's cockamamie idea. For starters, what's the difference between six and three months?". I find it very rich that he's proposing this with some veil that it's going to help companies t...

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  • Erdogan says Turkey will defy economic threats
Erdogan says Turkey will defy economic threats

Escalating tensions on trade between the United States and some of its largest trading partners had driven traders to sell emerging market currencies and take to the safety of the US currency. The United States has imposed sanctions on two Turkish government ministers and doubled tariffs on Turkish steel and aluminum imports. Last Wednesday, in a...

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