Economy

Both sides consider appeal after judge reduces $80 million award against Monsanto

Both sides consider appeal after judge reduces $80 million award against Monsanto

U.S. District Judge Vince Chhabria in San Francisco previously said the $75-million portion of the verdict meant to punish the company was too high based on legal precedent that punitive damages shoul...

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ABI says change to personal injury discount rate 'bad news'

ABI says change to personal injury discount rate 'bad news'

That move prompted outrage and, ultimately a new framework for establishing the rate was brought into force by the Civil Liability Act in 2018. A full statement of reasons will be filed separately i...

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Amazon Workers on Strike During Prime Day

Amazon Workers on Strike During Prime Day

German labor union Verdi staged the protests at Amazon sites in Rheinberg, Werne, Graben, Leipzig, and other locations including Bad Hersfeld and Koblenz. If you're anxious how this will affect your...

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Callon Petroleum buying Carrizo Oil & Gas in $3.2-billion deal

A company that manages their resources strong will have a high performance, while if manage their resources weakly will have a low performance. The company traded as low as $5.34 and last traded at $5...

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Smoke detectors recalled due to malfunction

Smoke detectors recalled due to malfunction

Universal Security Instruments has recalled almost 200,000 smoke alarms over reports that the devices have failed to activate during a fire. Consumers should immediately inspect their smoke alarms t...

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New mid-engine Corvette hits starting blocks this week

New mid-engine Corvette hits starting blocks this week

Aside from the redesigned Corvette and Stingray badges and the styling of the auto, which chauffeured GM CEO Mary Barra through New York City in April while it was wrapped in a camouflage pattern , t...

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China's Economy Slows To Lowest Rate In Nearly 30 Years

China's Economy Slows To Lowest Rate In Nearly 30 Years

He tweeted the US "tariffs are having a major effect on companies wanting to leave China for non-tariffed countries". adding that thousands of companies are leaving China and that's why Beijing w...

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EU agrees measures against Turkey for Cyprus drilling

EU agrees measures against Turkey for Cyprus drilling

The EU will halt high-level dialogue with Turkey, suspend talks over an aviation agreement and cut 145.8 million euros ($164 million) in pre-accession financial funds allocated for 2020. Ankara sent t...

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Vodafone Australia to refund users for unauthorised billing charges

Vodafone Australia to refund users for unauthorised billing charges

Direct billing services (DCB) allow third parties to sell digital content like games and ringtones and charge customers directly to their phone bill, often without their knowledge or consent. Vodafone...

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Facebook counts $5bn cost of Cambridge Analytica scandal

Facebook counts $5bn cost of Cambridge Analytica scandal

The consumer watchdog group, SumOfUs, which has pressured a range of tech giants, also hit the FTC. The company has been struggling under the weight of scandals related to privacy, hate speech, el...

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AB InBev cancels Hong Kong IPO

AB InBev cancels Hong Kong IPO

Budweiser APAC was seeking to raise between $8.3 billion and $9.8 billion through the float, much of which was to go toward paying down debt at its highly leveraged parent. In addition to reducing de...

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Airport queues blamed on processing system outage

Airport queues blamed on processing system outage

Another man questioned if arriving two hours early was enough, while a woman tweeted from her position in the queue: "I'm in this same line and this is absolutely insane!" Australian Border Force su...

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NZ Reserve Bank scuppers AMP Life sale

NZ Reserve Bank scuppers AMP Life sale

Resolution Life said it continued to view the purchase as "an excellent opportunity" and that it was talking to AMP about restructuring the deal "to accommodate the regulatory requirements". AMP said ...

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Moana not Marijuana: Cake designer fired for wrong birthday cake

Moana not Marijuana: Cake designer fired for wrong birthday cake

Kensli Taylor Davis was soon having her 25th birthday and to celebrate her daughter's special day, her mother ordered her a Moana cake from the local bakery. "The customer said it was fine, paid fo...

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Tropical Storm Barry: Gator Spotted on Barry-Flooded Mississippi Street

Tropical Storm Barry: Gator Spotted on Barry-Flooded Mississippi Street

The National Weather Service forecasts that the center of the storm will continue to move through northwest Louisiana toward Arkansas through Monday. Saturday. Edwards said the state and levees in...

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Amazon investing $700M to 'upskill' 100000 workers

Amazon investing $700M to 'upskill' 100000 workers

Based on a review of its workforce and analysis of US hiring, Amazon's fastest-growing highly skilled jobs over the last five years include data mapping specialists , data scientists, solutions archi...

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Huawei plans extensive layoffs at U.S. operation

Huawei plans extensive layoffs at U.S. operation

According to The Wall Street Journal, which was the first to report , The layoffs are expected to hit Huawei's USA development subsidiary known as Futurewei, which reportedly employs 850 people in ...

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JetBlue flight evacuated at Newark airport after suspicious item reported, officials say

JetBlue flight evacuated at Newark airport after suspicious item reported, officials say

Passengers were placed on buses next to the plane. The Port Authority of NY and New Jersey then said the plane returned to the gate and the 150 passengers were deplaned onto the tarmac via stairways...

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The Best Video Game Deals From Amazon Prime Day

The Best Video Game Deals From Amazon Prime Day

And if you want a bit more "oomph" than the little speaker can provide - probably for music rather than when you ask Alexa to give you the weather forecast - you can connect it to one of your other sp...

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Microsoft Details Inspire 2019 Partner Improvements

The U-turn, delivered on the eve of Microsoft Inspire in Las Vegas, comes in direct response to escalating tensions among partners, with an online petition registering more than 5000 signatures in ...

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Binance Destroys $26 Million Worth of Its Team's BNB Tokens

Binance Destroys $26 Million Worth of Its Team's BNB Tokens

The coins are burned to bring the tokens in circulation to only 100 million BNB. Binance has put out a statement announcing that this quarter's burning of BNB tokens will soon commence. Binance's ...

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Lookers warns on profits amid falling demand, rising costs | 12 July 2019

Lookers warns on profits amid falling demand, rising costs | 12 July 2019

The London-listed firm had reported in its annual general meeting statement that trading for the three months ended 31 March was positive, underpinned by outperformance of the United Kingdom new auto ...

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JLR developing AI to monitor driver's wellbeing

JLR developing AI to monitor driver's wellbeing

Research has found that 74pc of people feel stressed or "overwhelmed" every day, whether at the wheel or in the office. British auto maker, Jaguar Land Rover , are working with AI platforms to make...

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Where To Get Your Fries On National French Fry Day

Where To Get Your Fries On National French Fry Day

Among chains with operations, McDonald's , Penn Station East Coast Subs, Burger Fi and Sheetz are on the free-fry bandwagon (frywagon?). You can get medium fries for free when you pay using Appl...

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Reckitt to pay $1.4 bln to end US opioid addiction treatment probes

Reckitt to pay $1.4 bln to end US opioid addiction treatment probes

It said the settlement would prevent uncertainty and distraction from continued investigations. 'As new CEO Laxman Narasimhan steps in (effective September 1), this clarifies the legal environment...

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Thomas Cook in rescue talks with China's Fosun

Thomas Cook in rescue talks with China's Fosun

Fosun Group is already a minority investor in Thomas Cook - with a stake of about 18 percent - and owns French luxury holiday resort group Club Med SAS, which it bought for more than US$1 billion i...

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U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB

U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB

The investigation into Deutsche Bank has been helped by former Goldman Sachs banker Tim Leissner , who pled guilty to his involvement in the 1MDB scandal, the Journal reported. WSJ reported that Deu...

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Charming Charlie is closing all stores

Charming Charlie is closing all stores

Charming Charlie's debtors and advisers "have made the hard decision to seek authority to close and wind down or conduct other similar themed sales" at the national chain's 261 brick-and-mortar locat...

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Starbucks halting sales of newspapers at its locations

Starbucks halting sales of newspapers at its locations

A source familiar with the situation told the New York Post that the company is getting rid of newspapers in part because of the chronic problem of lost and stolen goods, referred to as "shrinkage"....

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Oil at six-week high on Gulf of Mexico storm, supply decline

Oil at six-week high on Gulf of Mexico storm, supply decline

The worldwide benchmark settled down 0.7 per cent on Thursday after hitting its highest since May 30 at $67.52 a barrel. Oil prices were also supported by a fall in the dollar after Federal Reserve ...

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S&P 500, Dow climb as health insurers, financials gain

S&P 500, Dow climb as health insurers, financials gain

The Dow Jones Industrial Average rose 227.88 points, or 0.85 percent, to 27,088.08, the S&P 500 gained 6.84 points, or 0.23 percent, to 2,999.91 and the Nasdaq Composite dropped 6.49 points, or 0.08 p...

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$32 mn swiped from Japanese cryptocurrency exchange in latest hack

$32 mn swiped from Japanese cryptocurrency exchange in latest hack

Markets did not even blip when Binance , the world's largest exchange, announced it had lost around $40 million in a hack in May. Bitpoint reported the attackers stole funds in five cryp...

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US dollar slips for third day as bears ignore US inflation data

US dollar slips for third day as bears ignore US inflation data

European shares ticked higher in early trade after a run of modest falls this week and as investors also digested an end of week blizzard of Chinese data from Asia. underlying consumer prices rose 0.3...

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Woman receives 'marijuana' birthday cake after request for 'Moana' theme is misunderstood

Woman receives 'marijuana' birthday cake after request for 'Moana' theme is misunderstood

I have a auto that needs fixing. But to be at this job for nearly a year and not have a write-up, not be in trouble, and to just be let go because of mistake, it's not amusing to me'. "But the first o...

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Retail inflation hits eight-month high in June

Retail inflation hits eight-month high in June

India's retail inflation for June came in at an eight-month high at 3.18 percent from 3.05 percent in May, on the back of an increase in prices of pulse. The combination of low growth and low inflat...

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