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Business

Circuit breaker failure causes massive power outage in San Francisco

The outage halted the city's iconic cable auto operations and stuck 20 elevators with people inside. The outage is being associated with a fire at an electrical substation in the Tenderloin. The transit agency deployed more than 100 parking control officers to direct traffic. After being evacuated from buildings or finding themselves stranded, many people took to coffee shops with wifi in areas that still had power.

Business

EI Group PLC (ETI) Given Average Recommendation of "Buy" by Brokerages

It now has negative earnings. The Company's products include OXAYDO and SPRIX Nasal Spray. TalkTalk Telecom Group PLC is a provider of fixed line broadband, voice telephony, mobile and television services. The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, April 13. Beaufort Securities maintained the shares of GLEN in report on Monday, October 12 with "Hold" rating.

Business

Leaders of IMF and World Bank defend globalization

U.S. President Donald Trump has threatened to impose measures to restrict imports, criticizing countries like Germany and China for running large trade surpluses with the United States and benefiting from weak currencies. Mnuchin said the administration's goal was to simplify the tax system for both individuals and businesses. "Maybe a big postcard, but you can still stick it in the mail".

Business

International Monetary Fund raises forecast for global economic growth

The IMF also predicts growth of 3.6 percent in 2018. "The lack of specificity about the size and composition of the expected fiscal stimulus in the United States, a number of elections in Europe, and the upcoming party congress in China all contribute to policy uncertainty", the International Monetary Fund said.

Business

U.S. sends 2 more warships carrying 100 planes each to Korean Peninsula

Pence, on a 10-day Asia trip that will also take him to Indonesia and Australia, said Mr. Trump hopes China will use its leverage to get its longtime ally North Korea to give up its nuclear weapons program and ballistic missiles. In the event of a contingency on the Korean Peninsula, the Self-Defense Forces are expected to provide logistical support to the USA military. Abe stressed the importance of a peaceful outcome but acknowledged a need to apply pressure so that Pyongyang would become ...

Business

Attorney General Jeff Sessions Speaks On Immigration

The Trump administration is putting on notice officials in several major cities that are sanctuaries for immigrants in the US illegally. Mayors in some of the nation's largest cities, including NY and Chicago, have been defiant in the face of promises by the Trump administration to withhold funding if local law enforcement refuses to cooperate with federal immigration authorities.

Business

Worries over Trump policies cloud start of IMF, World Bank meetings

Although Trump has made an about face on that promise which would endanger trade between the worlds two biggest economies, there is still a possibility he would choose to prioritize American jobs above the country's trade agreements - a move that would hamper global trade in years to come.

Business

IMF expects Canada's economy to grow compared to last year

For the bloc that includes the Middle East, North Africa, Afghanistan and Pakistan, IMF forecasts a 2.6% growth in 2017 and a 3.4% expansion in 2018, against a growth of 3.9% in 2016. This forecast is up from 3.1% a year ago and 3.4% in January, and owes to "buoyant financial markets and a long-awaited cyclical recovery in manufacturing and trade".

Business

BP plc 32.4% Potential Upside Indicated by Barclays Capital

Following Canaccord Genuity's latest price target of 1661 on the business this highlights that the broker now believes there is a decrease of -7.52% from Wh Smith's current share price of 1796. Haitong Bank restated a "buy" rating and issued a GBX 70 ($0.88) price target on shares of Debenhams Plc in a research report on Thursday, January 12th.

Business

Canada home resales, prices rise again in March: CREA

With public concern and political pressure over the ongoing housing and affordability crisis now boiling over, a much-anticipated response from Ontario's Liberal government was announced this morning. The news release continued to state that FHP lists a set of 16 comprehensive measures, which in addition, to stabilising real estate market in enabling more people find an affordable place, would also protect interests of renters and the investment of homeowners.

Business

McDonald's Worker Alerted Cops to Facebook Killing Suspect

Stephens' vehicle sustained minor damage after a trooper couldn't stop in time and hit the auto, but no injuries to law enforcement were reported . "We would prefer that it had not ended this way, because there are a lot of questions" about why Stephens did what he did, according to Williams.

Business

Exxon Mobil seeks relief from U.S. sanctions to resume Russian oil project

A person familiar with the matter said Wednesday, April 19, 2017, that Exxon Mobil is seeking permission from the USA government for approval to resume drilling around the Black Sea with a Russian partner, state-owned Rosneft. ExxonMobil's request to return to Russian Federation for oil and natural gas drilling was rejected Friday, according to the Treasury Department. In a statement, ExxonMobil said it understood the Trump administration's decision but underscored its position that it ...

Business

Trump casts shadow over IMF meetings

World finance leaders have gathered in the USA capital Washington DC - just down the road from President Donald Trump's White House - as they consider how to respond to his protectionist plans. Schaeuble stressed widespread agreement on the benefits of free trade. Separately, World Bank President Jim Yong Kim also put in a plug for free trade and said he was "encouraged" by his engagement so far with Trump.

Business

Turnout is high for French presidential vote

French nationals in Montreal expressed mixed reactions on Sunday as preliminary results showed far-right leader Marine Le Pen and centrist Emmanuel Macron leading in the first round of France's presidential election. Her backers would clearly have preferred her to have come first Sunday - or at least to be facing someone other than Macron in the run-off. " Marine Le Pen will limit immigration even if she has to use the military".

Business

France's Macron bills himself the 'patriots' candidate' vs Le Pen

He called the measures a "guarantee to the French people this fundamental right of choosing their future". The turnout figure at 5pm in France (midnight in Thailand) was estimated at 69%, slightly below the 2012 election turnout, according to France's Interior Ministry.

Business

Mike Pence says United States will honour refugee deal

Under the deal signed in late 2016, the White House had agreed that Australia would send to the U.S. refugees from Afghanistan, Iran and Iraq who arrive at its offshore processing centres in Papua New Guinea and Nauru. Trump's election has also prompted some soul-searching for Australians over where their loyalty should lie between the U.S. — Australia's most important security partner — and China — its most important trading partner.

Business

Stockholm truck attack suspect confesses to 'terrorist crime'

A number of people were also injured, including two who are in a critical condition. Akilov, who was asked by the judge to remove the sweater from his head, made no comment at the start of the hearing. Akilov, a construction worker who had been refused permanent residency in Sweden in June 2016, had gone underground previous year after receiving a deportation order, police said.

Business

Trump to Canada: Stop Shielding Dairy Farmers from US Competition

Department of Agriculture to take action to help dairy farmers in their states who've been hurt by Canada's decision to change policy in pricing its own milk. Schumer said Trump reached out to him Thursday in a phone call to discuss how they could work together in the trade dispute. In the Wednesday interview, Schumer said he would work with the administration on retaliatory trade actions if Canada doesn't "come to its senses and back off".

Business

N.Korea detains US citizen; at least 3rd American being held

North Korea has arrested and detained a United States citizen as he tried to depart from the country, South Korea's Yonhap news agency reported Sunday. allies in the region - have condemned frequent North Korean missile launches that are all banned under United Nations Security Council resolutions. The Pyongyang University of Science and Technology is the only privately funded university in North Korea.

Business

British Cycling's Stephen Park enjoys positive results at Track Cycling Worlds

We came up on Spain to take fifth after qualifying seventh, which was a huge ride for us. I know I'm going to watch it back and pick it apart and think, "Argh, that's where I lost the race". "I'm incredibly happy", Barker said. Barker said: "I'm quite disappointed by that, but really lucky they came to support me". "I'm looking forward to getting out in Manchester and the Pennines over the summer".

Business

US Treasury rejects Exxon Mobil request to drill in Russian Federation

The company attempted to gain a waiver from sanctions allowing the operation in 2015, but that request was denied by Obama officials. Annual shareholder disclosures showed that on three occasions in 2015 and 2016, Exxon was granted licenses allowing "limited administrative actions" in Russian Federation.

Business

Impact of Ontario housing measures on market may be short-lived

Ontario is following British Columbia's lead, promising to introduce a tax on foreign homebuyers that the province hopes will help cool the frantic housing market, easing concerns about a potential bubble in Canada's fastest growing urban region.

Business

French Election Results Let Markets Breathe Sigh of Relief

Le Pen beat out Francois Fillon, a conservative contender, who called on his supporters to vote for Macron instead of Le Pen. A Harris Interactive poll for M6 television found that 64 percent of those surveyed would vote for the former economy minister while 36 percent were seen voting for Le Pen.

Business

Gov't will avoid measures that could boost demand for GTA housing: Morneau

However, Sousa hasn't said exactly how he'll make them pay more in tax. In the GTA, sale prices have skyrocketed by 33% in one year. "I'm glad that, hopefully, in the future people are not going to be in our situation", he said. She'd also like to see the province do more on emergency shelters and transitional housing to help people at risk of homelessness. "We quickly discovered the pre-build market is very heated, too", he said.

Business

Sessions: We'll fund the wall 'one way or the other'

Sessions made his comments in an appearance on ABC's "This Week", where he was attempting to square Trump's promise that Mexico would pay for the border wall with Mexico's firm position to the contrary. "It'll be enough in the negotiation to move forward either with construction or the planning, to get going on the border wall and border security".

Business

Crude Oil Prices Recover From Sharp Losses, Supply Concerns Persist

Brent for June settlement slipped 26 cents to $55.10 a barrel on the London-based ICE Futures Europe exchange, and traded at a $2.20 premium to WTI for the same month. Brent touched $54.76 intraday, its lowest since April 7. On Thursday, before major markets closed for the holiday break, they settled up 3 cents at $55.89 a barrel.

Business

French voters begin casting ballots in presidential election

The seven other candidates, including the ruling Socialist party's Benoit Hamon, two Trotskyists, three fringe nationalists and a former shepherd-turned-centrist lawmaker are lagging very far behind in opinion polls. Celebrating his advancement, Macron addressed supporters in Paris, in a speech that called for unity and reiterated his support for the European Union.

Business

Why our subscriber growth rates were disappointing — Netflix

Netflix management chalked up the subscriber growth miss in part to the delay of popular original content. Netflix can be considered one of the pioneers in streaming video, having made the jump to a subscription online movie and TV show business back when DVD rentals where still fashionable.

Business

Finance leaders downplay differences with Trump over trade

Lagarde described protectionist measures as "self-inflicted wounds" that hobble economic growth. German Finance Minister Wolfgang Schaeuble, speaking to a different Washington audience on Thursday, conceded that free trade was now under attack in ways that could end up being harmful such as Britain's move to leave the 28-nation European Union, a process that has been dubbed Brexit.

Business

Pollsters project Macron vs. Le Pen in French runoff

He was once the subject of mockery in French political circles - now it appears that Emmanuel Macron could have the last laugh. Scandal-hit conservative François Fillon and far-left wildcard Jean-Luc Mélenchon trailed in third place and were knocked out of the closely-fought race.

Business

Number of extremists killed by US bomb jumps to 90: Afghan officials

The "best case" from the Pentagon's perspective, the 36 killed all being ISIS, is a pretty dubious result for the deployment of an $18 million bomb. U.S. The exact death toll is unclear, with one Afghan official quoting the number as 92, and another claiming 90 people were killed. On Saturday, former Afghan president Hamid Karzai criticised both the Afghan and USA governments for the attack.

Business

Ontario housing measures aimed at renters, buyers

The government should consider market-based solutions, such as portable housing benefits, which give cash to renters who need it (as opposed to waiting in line for scarce social housing). At an April 18 meeting, the federal, Ontario and Toronto governments agreed to dial down on policies that stimulate sales, meaning Ottawa and Queen's Park will not expand tax credits or limits on RRSP deductions new home buyers can make for down payments.

Business

Court rules Dortmund suspect can be kept in detention

The man had booked a room in the same hotel as the soccer team overlooking the site of the attack. The devices, which were hidden behind a hedge, contained pieces of metal and had a reach of 100 meters (109 yards), the federal prosecutor's office said.

Business

Over 100 Afghan soldiers killed in Taliban attack

The militants managed to get past two security gates of the base pretending to have brought wounded soldiers for medical treatment, local officials said. The defence ministry said on Saturday it has launched an investigation, and will provide more information when that is completed. The Afghan government has made a decision to honor the fallen soldiers of the 209 Shaheen Corps with promotions after they lost their lives in an attack on Friday.

Business

IL lawmakers hear testimony about legal marijuana from Colorado

She also acknowledged a slight uptick in emergency room visits, but said it was too soon to attribute the data to marijuana legalization. Seventy-one percent oppose the federal government's efforts to stop marijuana sales and its use in states that have legalized it, including opposition from most Republicans, Democrats, and independents.


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