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Hungarians are against receiving immigrants

Orban said after casting his vote that a valid referendum was always better than an invalid one, but the legal consequences of the vote apply. Speaking after the vote he said the referendum result must be taken into account by European Union decision makers.

Business

Canada gives provinces 2 years to adopt carbon pricing

This is a betrayal of the statements made by the Prime Minister in Vancouver this March. Wall calls it "one of the largest national tax increases in Canadian history" and says Saskatchewan will investigate "all options" to mitigate the impact.

Business

British currency at 31-year low; United States dollar gains

The latest drop in the pound came Monday in the wake of the comments by May, who replaced David Cameron as prime minister in July. After years of being dismissed as "headbangers", life-long euroskeptics in May's ruling Conservatives felt they had finally won over the party when their prime minister told an annual conference on Sunday that "we are going to leave the EU" to reclaim sovereignty and control the flow of people into Britain.

Business

Justin Trudeau Invokes Carbon Pricing Deadline on Canadian Provinces

The government of Canada will provide a pricing system for provinces and territories that do not adopt one of the two systems by 2018. Shell Canada's president Michael Crothers, meanwhile, said that "balancing Canadian economic development while protecting the environment will be enabled by a reasonable price on carbon, tidewater access for our natural resources, investment in new technology and policy flexibility across our diverse nation".

Business

OPEC cut won't spur strong oil rebound

Then prices started correcting and headed lower back towards $42 in mid-September and the rally is back in force with the summit in Algeria, where markets across the globe waited for some decisive action by the OPEC members to curtail the oil output and bring price stability in oil markets.

Business

US adds 156000 jobs in September, but unemployment rate still hits 5%

A rise in wages could suggest employers are having trouble finding qualified recruits and thus that jobs markets are tightening. Retail trades added 22,000 jobs. UTILITIES CATCH A BREAK: Investors are bidding utility stocks up as worries about a possible rate hike by the Fed in November ease. "While labor market conditions by themselves are not a hurdle for the Fed to raise the fed funds rate this year-something Fed officials said they want to do-several weak spots in the economy and the ...

Business

RNC Puts the Brakes on Mailings for Trump

Would you take a handful? When footage of presidential hopeful Donald Trump saying super insensitive and disgusting remarks about women was leaked, it initially seemed like another quintessential "Trump moment" that would be played off as "Trump being Trump".

Business

Donald Trump & Hillary Clinton Continue Attacks

The latest revelations about Donald Trump's taxes are pushing questions about his business record, personal finances, and transparency back into the campaign spotlight. Clinton is now slightly ahead of Trump in national polls with just over a month until Election Day. During this 2016 campaign, Trump has attracted many low-income voters by declaring that the system is rigged against them.

Business

German police find explosives stashed in raided apartment

Tom Bernhardt, spokesman for the state criminal police in Saxony said officers acted on intelligence received last night and that their actions have foiled a "serious threat". Police say two people have been arrested in the main station in Chemnitz and another arrested in Fritz Heckert area, but it is not clear how they are related to the inquiry.

Business

Wadley's big run nudges Iowa past Minnesota in 14-7 grinder

Floyd, the 98-pound bronze pig first awarded in 1935 as a bet between the governors of the two states, must've felt unwanted for most of the game. After Wadley's score, LeShun Daniels Jr . "This win defines our season", cornerback Desmond King said. "Only we can define our season". He said it mirrored changes Iowa makes frequently in practice, preparing for in-game changes as needed, and ironically it lined Croston and Myers up at the positions they started at a year ago in a 40-35 win ...

Business

Panthers QB Newton, 3 others starters out vs

Jones drilled Newton when the 2015 league MVP slowed down near the goal line on a 2-point conversion run - a legal hit that put Newton in the league's concussion protocol and prompted two of his teammates to complain to the refs. Newton eventually pulled away after the Patriots faded down the stretch, and the Panthers 15-1 record combined with Newton's phenomenal play elevated him above Palmer.

Business

Senator asks SEC to probe Yahoo after massive hack

Yahoo: Detected the breach this summer after conducting a security review prompted by an unrelated hacking claim that turned out to be meritless. The key questions, according to Armstrong, are: When did Yahoo know about the hack? Yet it took Yahoo another three years to start its own bug bounty program.

Business

World finance officials reject anti-trade attacks

The policy committee for the 189-nation International Monetary Fund said the world has "benefited tremendously from globalization" but that protectionism is a threat. "Geopolitical tensions are growing, terrorist attacks are frequent. all of these factors have major implications on the global economic and financial markets".

Business

Oil prices stable on planned OPEC cut, but current glut still weighs

December Brent crude LCOZ6, -0.37% on London's ICE Futures exchange fell 19 cents, or 0.4%, to $50.70 a barrel. OPEC agreed to cut production to a range of 32.5 million barrels per day to 33 million bpd from around 33.5 million bpd. Sustained optimism over the OPEC deal, the details of which will not likely be known until the next OPEC meeting in November, will depend largely on whether major non-OPEC producers would be willing to participate or not.

Business

Hurricane Matthew postpones Saturday night Sprint Cup race

If Harvick being positioned as Toyota's No. 1 adversary carries an air of familiarity, that's because he played the same role previous year while finishing a close second to Busch in the championship finale. Busch certainly knows how to manage the Chase, as his title last season proves. He will now have to contend for the win at three new tracks in the chase, Charlotte , Kansas and Talladega.

Business

Yahoo responds to 'misleading' email scanning reports

The latest headlines involving the company come as it readies to close a deal to be acquired by telecommunications giant Verizon, which in July said it would buy Yahoo's internet business for $4.8 billion. Reuters reported that Yahoo complied with a government order to effectively build a backdoor into its Yahoo Mail service, giving authorities the ability to spy on users in real time.

Business

United States stocks drop after jobs figures

Yields on government bonds rose again. TORONTO, Oct 6 Canada's main stock index edged lower on Thursday as gold miners' shares fell with the precious metal on increased expectations that USA interest rates will rise this year. Wal-Mart dropped 3.2 per cent to US$69.36 and weighed the most on the S&P 500 after the world's largest retailer forecast flat earnings for next year.

Business

Yahoo Secretly Scanned Customer Emails for US Intelligence

It's unclear what data Yahoo may have handed over to the authorities, if any, and if intelligence officials had approached other email providers besides Yahoo with the same kind of request. But Marissa Mayer, chief executive of Yahoo, reportedly chose to comply with the request without protesting. Reuters reported that Yahoo built custom software for the scans.

Business

Yahoo gives United States intelligence access to users' emails, report says

Intelligence officials wanted Yahoo to search for a set of characters. European Union privacy watchdogs are concerned by reports that Yahoo has been secretly scanning its users' email at the request of USA intelligence services. Stamos later found out that the engineering team developed it on the request of CEO Marissa Mayer. However, CEO Melissa Mayer's decision to comply with the government's request apparently pushed Chief Information Security Officer Alex Stamos to resign from the ...

Business

OPEC agrees on modest oil output cuts

OPEC didn't cap its production at its meeting on June 2. Various reports on Wednesday indicated that the Organization of the Petroleum Exporting Countries ( OPEC ) has agreed to limit crude production to between 32.5 million and 33 million barrels per day.

Business

Walmart plans to slow new store openings, invest in online

It marked the first time in nine quarters that the retailer's online sales growth increased quarter-over-quarter. Image: Wal-Mart Stores to focus more on e-commerce growth while slowing down on new store openings. In the year through January 2018, earnings on a GAAP basis will be "relatively flat" compared with the current year's expected adjusted profit of $4.15 to $4.35 a share, the Bentonville, Ark.

Business

Goldman Sachs Expects Crude Oil Prices to Rise by $10

The 14-member oil group said it will wait until the official OPEC meeting in Vienna on November 30 to finalize the decision, when an invitation to join cuts could also be extended to non-OPEC countries such as Russian Federation. Iran, whose production has reached 3.6 million barrels per day, insists on having the right to increase the figure up to around 4.1-4.2 million bpd.

Business

Venezuela: Non-OPEC Participation in Ddeal Would Cut 1.2M Bpd

Following a jump of $51 per barrel on October 3, analysts and investors alike have now weighed out the OPEC decision behind a series of crisis with the price of crude oil. Oil prices went up one percent when news of the two leaders' telephone conversation broke. The chart above shows a rally of four consecutive trading sessions following a sudden drop Tuesday as Iran and Libya announced that their respective countries would be increasing their production away from the OPEC output that a ...

Business

Deutsche Bank nears US$5.4 billion settlement over mortgage bonds

Cryan said in his letter that pressure on the company's stock price can not entirely be explained by uncertainty over the size of the settlement. Bank stocks boosted the S&P. AFP reported on Friday Germany's largest lender is near to reducing its $14-billion settlement from US authorities to $5.4 billion. A price tag that high would likely ruin the bank .

Business

UK Treasury to Continue Paying Grants to EU-Funded Businesses After Brexit

The chancellor followed Communities Secretary Sajid Javid, who announced the government would introduce a £3bn ($3.9bn) Home Builders' Fund and £2bn of new investment to accelerate construction on public land. "But we must go into this negotiating period with a realistic expectation of the turbulence that there could be during the negotiations. People will be speculating - one day it's going very well, one day it's not going so well", Hammond said.

Business

Congressman grills Fed chief on political motives

Yellen insisted the Federal Reserve has made substantial progress in building a regulatory and supervisory program that is consistent with these principles. On Wednesday, San Fransisco Fed President John Williams told Reuters that he would support an interest rate increase. "I know she fully understands the arguments on both sides", Williams said.

Business

Wall St builds on Fed-fueled rally; Nasdaq hits new high

The Dow Jones industrial average .DJI was up 118.58 points, or 0.65 percent, to 18,412.28, the S&P 500 .SPX had gained 12.05 points, or 0.56 percent, to 2,175.17 and the Nasdaq Composite .IXIC had added 33.20 points, or 0.63 percent, to 5,328.38.

Business

'Keeping Up With The Kardashians' Put On Hold Indefinitely After Paris Robbery

A flurry of reports claim that the show is being immediately stopped after #Kim Kardashian was robbed inside her Paris apartment on Sunday. They tied up the reality star and stole almost $11 million worth of jewelry. The family is slowly breaking their social media silence, but Kardashian West herself has not made any posts or publicly commented on the attack.

Business

Venezuela Sees Oil Output Deal Cutting 1.2 Million Barrels a Day

Weaker equity prices on Wall Street also limited oil's run higher. THISDAY, however, gathered from a top official of NNPC that if Nigeria ramps up her production lost to militancy, the increased output will offset the volumes that OPEC has proposed to cut, thus wiping the gains of the OPEC deal.

Business

Oil prices hit $50 as OPEC's deal nears reality

Before the Iran investment announcement, the OPEC agreement was already seeing tension as Nigeria plans to increase production , Libya eyes exports for cash to help fight the Islamic State, and Iraq argues that the production numbers used for the deal will leave the country shortchanged, according to a Wall Street Journal report.

Business

New Jersey Lawmakers Approve 23-Cent Gas Tax Hike

The collection of tax cuts is expected to cost about $1.4 billion in revenue once fully phased in. The Democrat-led Senate and Assembly voted Friday to raise the tax from 14.5 cents a gallon to 37.5 cents a gallon to fund transportation work over eight years.

Business

Only little people have to pay taxes -- Thomas Bartell

Campaign manager Kellyanne Conway told NBC news that Trump had paid "hundreds of millions of dollars in taxes ― property, real estate, excise, state, local, and federal payroll taxes, certainly". As a general rule, taxpayers are not allowed to offset losses from a business they are " not really involved in " on personal income taxes. And Trump has constantly boasted that his knowledge of the tax code is what enables him to use it to his advantage.

Business

Employers add 156K; US jobless rate ticks up to 5 pct

Global benchmark Brent futures rose to as high as $52.09 per barrel on Wednesday, the highest since early June and last stood at $51.53, up 5 percent so far this week. Private employment, which excludes government agencies, rose by 167,000 after a 144,000 increase the prior month. The report also showed differences across industries.

Business

Trump apologises for his crude remarks in 2005 video

Republicans lined up to denounce their candidate in strong terms over his demeaning remarks about women , joining Trump's Democratic opponent Hillary Clinton in condemning him. Ralph Reed, head of the Faith and Freedom Coalition, and Tony Perkins, head of the conservative Family Research Council, both told news outlets they will continue to support Trump .

Business

Yahoo works to clean up its titanic data breach mess

Meanwhile, the fallout from the Yahoo data theft may have implications for the €4.8bn (£3.7bn) takeover of its core business , experts have said. Stealing data on 500 million accounts is usually no easy task, he added. He notes that the public must know what Yahoo executives knew of the breach and they were informed of it. Yahoo has recommended that users who haven't changed their passwords since 2014 do so, and the company said it was working with law-enforcement officials to ...


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