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Koch brothers taking on Trump with free trade campaign

Mexico's list of products that will be subject to the charges also includes USA steel plates, bars, rods and rolled steel. Trump , meanwhile, suggested Friday that NAFTA could be replaced by two separate trade accords , one with Mexico and another with Canada.

Business

President Trump Cancels Philadelphia Eagles Visit Over Anthem Dispute

The White House said that they would "loudly and proudly play the National Anthem" during the event reported the Hill . Trump states the event will take place at the White House at 3 p.m. Trump voiced approval for the new policy after it was passed last month, saying in an interview with "Fox & Friends" on May 24, "You have to stand proudly for the national anthem".

Business

Alfa Romeo aims to boost sales in luxury cars

The Fiat brand , once among Europe's top selling brands , will be reduced to a few models such as the iconic 500 and the popular Panda hatchback. "The space for Fiat in Europe is going to be redefined", Marchionne said, adding he needed to cut products that lacked pricing power.

Business

$1 million ticket drawn Friday sold in Sudbury

Tickets are on sale until 10:30pm tonight (Friday). Marie, Toronto the Sault Ste. A winning ticket of $500,000 was sold in Richmond and Pitt Meadows. Since the $60 million dollar prize began in 2015, 14 tickets have won 12 jackpots. Players must match 7/7 numbers to win the corresponding Maxmillion prize.

Business

Starbucks is sliding after Howard Schultz steps down as chairman

And I still have dreams for the company, and for you. In another twist, Schultz, 64, said he is considering the possibility of a 2020 presidential election run. The company has more than 28,000 locations across the world. "The moral fiber, the values, and what we as a country have stood for is literally hanging in the abyss", Schultz said.

Business

New Apple Products That Might Get Announced at Today's Event

In case you have a first-, second-, or fourth-generation Apple TV, you can watch the event at the Apple Events channel. A big part of iOS 12 is Apple's focus on performance for older devices. The time-limits feature will synchronize between multiple devices via Apple's iCloud service. The privacy uproar is also good timing for Apple, as it distracted people from its own scandal over slowing down phones with older batteries to prevent sudden shutdowns.

Business

WWDC 2018: Will there be any new hardware reveals?

Starting at 10:00 am PT on June 4, Apple's top brass will take the stage at the Worldwide Developer Conference (WWDC ) keynote to talk about all things software for iPhone , iPad , Mac, Apple Watch , and Apple TV. Not much is now known about macOS 10 .14-however, Apple is known to be working on a software development framework to bring macOS and iOS applications closer together.

Business

Unemployment Rate Reaches 18-year Low

USA hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in nearly five decades, indicating the strong labor market will keep powering economic growth. "It will keep the Fed on its gradual normalization path". In April, unemployment hit 4 percent for the first time since 2000. That would bring it to levels last seen in 1953, the height of the economic boom after World War II.

Business

Merkel to work with new Italy govt, says united European Union vital

German Chancellor Angela Merkel gave her most detailed response to French President Emmanuel Macron's proposal to reform the euro zone in an interview with the Frankfurter Allgemeine Sonntagszeitung newspaper published on Sunday. It should be intergovernmental, with national parliaments retaining their rights. Britain has already backed the planned force, which will operate independently of the European Union, despite misgivings that it could be seen as a "European army".

Business

Visa experiencing service disruption that’s affecting payments in Europe

We are working to resolve the matter and apologise for any inconvenience caused". The firm has apologised for the technical failing, and ruled out any "malicious" activity as the cause. "Not knowing when this is going to be sorted out is incredibly frustrating". "I knew I had to get out of that job because I'm sitting in front of a computer for too many hours of the day".

Business

Dog found dead on Delta flight after cross-country trip

The death last week comes months after a French Bulldog died on a United Airlines flight from Houston to NY after a flight attendant insisted the owners put the dog in the overhead carrier. 'As part of that review, we want to find out more about why this may have occurred to ensure it doesn't happen again and we have offered to have Alejandro evaluated by a veterinarian to learn more'.

Business

Google plans not to renew military deal protested by employees

Google in August 2017 hosted defence executives to demonstrate its artificial intelligence capabilities, according to a document shared with Google employees and seen by Reuters. It was revealed in March that Google is engaging in a mysterious drone program with the Pentagon, with participation from Nvidia and other tech firms and academic institutions.

Business

Deutsche Bank CEO Says Staff Are ‘Sick and Tired’ of Bad News

While management is taking "tough" actions to restore profitability, the bank "appears set for a period of sustained underperformance compared with peers, many of whom have now finished restructuring". Mr Sewing hasn't even said how numerous 7,000 jobs to be cut will be at the investment bank rather than the newly-formed private and commercial bank.

Business

Amazon to block Aus shoppers from United States website

Changes to Australia's Goods and Services Tax (GST) rules have prompted Amazon to block local shoppers from its global online marketplaces and instead redirect them to its Australian site , which was launched late previous year. Beginning 1 July, Australian customers trying to access Amazon's worldwide websites will be redirected to amazon.com.au, the Australian version of the online marketplace that launched in December past year.

Business

Record Highs and Lows for U.S. Oil Production, OPEC Output

However, the American Petroleum Institute (API) on Wednesday reported surprise buildup of 1.0 million barrels of US crude oil inventories in the same week. In the US, crude production rose to 10.77 MMbpd, the highest in weekly data going back to 1983, according to the Energy Information Administration .

Business

After Months Of Talks, Italy Has A New Coalition Government

The country's new populist, euroskeptic government is likely to be met with alarm by other European leaders, including French President Emmanuel Macron and German Chancellor Angela Merkel, who are both eager to push for further EU political and economic integration.

Business

'Non-profitable' central Illinois Sears to close

Eligible employees at the closing stores will receive severance and have the opportunity to apply for open positions at other Kmart or Sears stores, the company said . "Our transformation strategy is created to make Sears Holdings a new kind of retailer – one that is innovative, truly integrated and optimally positioned to meet the needs and preferences of todays shoppers", Rob Riecker, the companys chief financial officer, said to shareholders Thursday.

Business

Fiat Chrysler, Google's Waymo Expand Alliance In Big Self-Driving News Day

In the release, Waymo and Fiat Chrysler Automobiles US announce that "up to 62,000 additional Chrysler Pacifica Hybrid minivans will join Waymo's driverless fleet" in late 2018. So far, the company has looked at this ride sharing service and trucks for transporting goods as possible ways to monetize its early lead in the space.

Business

Google won't renew contract for Project Maven, controversial Pentagon drone program

The project was meant to assist the Defense Department in analyzing drone footage in order to develop new kinds of drone technology. Separately, The Times said , Diane Greene , the CEO of Google Cloud, has reassured the staff that its Project Maven involvement is "not for lethal purposes" and the deal is worth "only" $9 million.

Business

Buffett eyed US$3 bln Uber investment but talks failed

If something happens, great. However, Uber CEO Dara Khosrowshahi proposed trimming the size of the deal to US$2 billion, giving Buffett a smaller share of the company. Waymo , which declined to comment on speculation of a potential deal with Uber, has been pushing ahead with plans to develop its own fleet of self-driving cars.

Business

IShares MSCI EAFE Index Fund Sees Unusually Large Options Volume (EFA)

Pettit said the next list of candidates for inclusion or change in the weightings could be made as soon as the second half of this year. Shenzhen, China-based ZTE was one of five companies removed because their shares are suspended from trading, MSCI said in a statement on Wednesday evening.

Business

Visa operating at ‘full capacity’ as firm apologises for system failure

Consumers in Britain, Ireland and other European countries reported having card payments declined. "Cash withdrawals can be made at any BOI ATM". It said: "Visa Europe's payment system is now operating at full capacity, and Visa account holders can now use Visa for any of their purchases and at ATMs, as they normally would".

Business

Singapore Airlines to launch world's longest flight in October

Daily operations will commence from October 18 after an additional A350-900ULR aircraft enters service. 45 min.SIA had already. Tickets for the world's longest commercial flights will be up for sale progressively from tomorrow onwards. The Singapore-Newark route makes a comeback on October 11, five years after it was discontinued due to the surging fuel prices that made the use of the four-engine Airbus A340-500 uneconomic.

Business

Move to Vermont. Work From Home. Get $10000. (Or at Least Something.)

People who choose to relocate and take part in the program are required to be full-time employees of companies that are based outside of Vermont. The state has a new law that will pay workers to move there and work remotely. For 2019, total grants can not exceed $125,000. How much is Vermont going to spend on this? Aside from this new remote worker initiative, Vermont has also launched a program called " Stay to Stay Weekends " that is aimed at persuading the state's 13 million ...

Business

European Union to impose measures against 'unacceptable' U.S. metal tariffs

In an eight-page document sent to the World Trade Organization seen by Reuters , Brussels has specified which American goods will be taxed. Tariffs will be next. We are not seeking to escalate the situation. "And it's for this reason that this lie that we were sold that after Brexit we would have a special relationship with the USA and wouldn't need the European Union trading bloc has just fallen flat on its face with what Donald Trump has just done".

Business

OECD expects global economy to grow 3.8 pct in 2018

The survey unemployment rate is expected to drop from last year's 6.6% to 5.3% this year, and further to 4.8% in 2019. Since then, there has been a variety of hiccups, such as weather-related closures of ports and mines stalling the flow of exports, which resulted in a rare contraction in the economy in one quarter.

Business

Italy on course for populist government

Head of the 5-Star Movement Luigi di Maio , and League chief Matteo Salvini will take key ministerial posts. The leaders patched up their alliance after agreeing to substitute a eurosceptic they had initially proposed as economy minister, a nomination that had been rejected by the head of state.

Business

Global stocks slump amid Italian political turmoil

The new jitters about the stability of the euro sent the currency's value against the dollar to its lowest level in nearly a year. USA markets were closed Monday for a holiday. The S&P 500 index slid 0.2 percent to 2,721.33. Eastern time. The Dow Jones industrial average lost 385 points, or 1.5 percent, to 24,372. The 10-year yield rose above 3 percent, according to FactSet.

Business

Populist government to be sworn in as Italy's political deadlock ends

But investors, fearing the vote would be a referendum on the euro, revolted , sending Italian stocks plummeting and increasing the cost of borrowing to cover Italy's stubbornly high sovereign debt of 132 percent of GDP. He urged Italy not to "play this game" of holding the European Union responsible, adding "Nations first, Europe second". "With the new government, we'll see how to make them respect the rights and dignity of 60 million Italians who want cooperation from Europe, not ...

Business

Deutsche Bank downgraded, CEO tries to reassure employees

S&P had rated Deutsche's long-term credit at A- on negative credit watch. The ratings agency lowered Deutsche Bank's credit rating to BBB+ from A-, saying the bank's wide-ranging restructuring faces "execution risks" and will take time to return the bank to steady profitability.

Business

Trade war fears rise as countries hit by Trump steel tariffs retaliate

Mexico said it would penalise U.S. imports including pork bellies , apples, grapes, cheeses and flat steel. The U.S.is still renegotiating the North American Free Trade Agreement (NAFTA) with Mexico and Canada . "The fact that we took a tariff action does not mean that we can not have trade negotiations". President Donald Trump had announced the tariffs in March.

Business

Spanish PM Rajoy forced out of office

Spain's Prime Minister and Popular Party leader Mariano Rajoy touches his eye as he listens to speeches during the first day of a motion of no confidence session at the Spanish parliament in Madrid, Thursday, May 31, 2018. The anti-austerity Podemos, a product of widespread anger at spending cuts imposed by Rajoy's first government at the height of the euro zone crisis, has promised to support Sanchez in parliament.

Business

Markets Right Now: Banks lead stocks higher on Wall Street

If sustained, the 1.7 percent and 1.3 percent falls in the Dow and the S&P, respectively, would be their biggest daily drops since April 24 and the first of more than 1 percent in May. EARNINGS: Wall Street continued to pore over quarterly results from retailers. Dick's Sporting Goods soared 25.8% after it raised its annual profit forecast.

Business

Dunk your donuts, or is it doughnuts? | Community

Potbelly Sandwich Shop: They may not be offering doughnuts, but it's still a pretty sweet deal! Purchase any medium drink or larger and get a free S'More donut topped with chocolate frosting, graham cookies, and marshmallows. Datz Dough: Get one classic glazed doughnut . Fans will also receive coupons for buy-one, get-one free doughnuts redeemable until June 17. Pizza and free doughnuts! The victor will receive $5,000 and a year's worth of doughnuts.

Business

Is Your Website GDPR-Compliant?

Schrems said in a statement that when Facebook blocked accounts of users who withheld consent, "that's not a free choice, it more reminds of a North Korean election process". The other changes are kept purposefully loose-while they require a "reasonable" set of protections for personal data, the definition of reasonableness isn't provided, and may be left to European regulatory agencies.


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