Economy

Brexit Secretary: Crunch commons vote to go ahead amid criticism and protests

If the parliament approves the Brexit bill on Tuesday's vote, that would pave the way for Britain to avoid a no-deal departure from the EU. "The EU must be licking their lips at the prospect of th...

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China: Canada’s detention of Huawei exec 'vile in nature'

There are no details yet available about the number of people involved, nor the motivation for the break-in, particularly whether it is related to the high-profile global arrest of the home-owner's wi...

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Musk Addresses Pot Smoking, Impulsive Tweets On ’60 Minutes’

Musk Addresses Pot Smoking, Impulsive Tweets On ’60 Minutes’

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: "Because I respect the justice system". That caused a brief spike in Tesla's share price, leading so-c...

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Johnson warns of European Union 'blackmail' risk under May's Brexit deal

Johnson warns of European Union 'blackmail' risk under May's Brexit deal

In the latest blow to her efforts to win parliament's backing, May's deal was condemned as "a huge step into the unknown" by a cross-party committee of lawmakers. Sightline with Tim Marshall: What nex...

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Man caught on camera snatching purse at McDonald’s in Okeechobee

Man caught on camera snatching purse at McDonald’s in Okeechobee

Surveillance footage from outside the McDonald's then showed the woman opening the vehicle's door before the man reversed the auto, knocking her down to the ground as a result. The man almost runs ove...

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Marriott hack blamed on China

Marriott hack blamed on China

Let's refresh on how bad the hack disclosed just last week ago really was. Unnamed investigators on the Marriott data breach have stated that tools, techniques, and procedures used in the attack...

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Lion Air crash: DGCA advises training for 737 MAX pilots

Lion Air crash: DGCA advises training for 737 MAX pilots

The crew in that case managed to shut off the system. A review meeting was held in DGCA on December 3 with the SpiceJet and Jet airways operations and engineering team. The last flight before ...

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Fiat Chrysler announces plans to open new factory in Detroit

Fiat Chrysler announces plans to open new factory in Detroit

FCA now builds the two-row Grand Cherokee at its Jefferson North plant, across the street from the idled Mack Avenue engine plant. Its relative volume is 1.60. Market capitalization is important be...

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Facebook CEO denies selling user data to third-party developers

Facebook CEO denies selling user data to third-party developers

According to some confidential emails released by the British Parliament on Wednesday, the company had knowingly made a decision to collect sensitive user data without their consent. "Like any busines...

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Crypto Collapse Plunges Market Cap to 16 Month Low

Crypto Collapse Plunges Market Cap to 16 Month Low

This should be the bottom of the bear market before the bounce, but it isn't / won't be. Ripple , the second-largest cryptocurrency by market cap , fell about 10% to $0.30 as of time of publicatio...

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Unemployment rate in southern Alberta below 4 per cent

Unemployment rate in southern Alberta below 4 per cent

The employment rate, the percentage of the population over 15 that is employed, was at 64.2 per cent during the month, up from 63 per cent in October as the number of people with jobs in the region ro...

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Oil producers join forces and cut production again

Oil producers join forces and cut production again

The unprecedented agreement forged among Opec and the 11 non-Opec producers, was for a concerted effort to stabilize the global oil market through voluntary production cuts of about 1.8 million barrel...

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An Amazon Go Stores May Be Coming to An Airport Near You

An Amazon Go Stores May Be Coming to An Airport Near You

Amazon's proprietary "Walk Out" technology consisting of cameras and sensors installed throughout the store track a customer's items and charges the account used on a customer's phone that is scanned ...

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British house price growth hits 6-year low

British house price growth hits 6-year low

House prices grew at the slowest rate in nearly six years in November as wavering consumer confidence before the UK's departure from the European Union took its toll on the housing market. "This year ...

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Project Bloodhound Is Officially Dead After Failing To Secure Funding

Project Bloodhound Is Officially Dead After Failing To Secure Funding

Founded in 2007 by Richard Noble and Andy Green (who set the existing land speed record of 763.035 miles per hour with ThrustSSC back in 1997) the project had aimed to hit speeds of 1000 miles per hou...

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USA share indexes tumble as trade tensions continue following turbulent week

USA share indexes tumble as trade tensions continue following turbulent week

The Dow Jones Industrial Average fell 530.51 points to 24,417.16, the S&P 500 lost 56.59 points percent, to 2,639.36 and the Nasdaq Composite dropped 185.77 points to 7,002.49. United States sha...

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Microsoft adopts ethical principles aiming to bar misuse of face recognition technology

Microsoft adopts ethical principles aiming to bar misuse of face recognition technology

And U.S. Customs and Border Protection has famously begun catching people with fake passports using facial recognition at a number of airports in the U.S. "We are committed to working closely with cus...

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US Hiring Slowed to 155K Jobs, Jobless Rate Unchanged

US Hiring Slowed to 155K Jobs, Jobless Rate Unchanged

But the United States added an average of 206,000 jobs a month through the first 11 months of 2018, above the 182,000 pace during the same period a year ago. Hiring also slowed in restaurants, bars ...

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China to 'immediately' implement United States trade truce measures

China to 'immediately' implement United States trade truce measures

U.S. President Donald Trump , U.S. Secretary of State Mike Pompeo, U.S. President Donald Trump's national security adviser John Bolton and Chinese President Xi Jinping at a working dinner after the...

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GM's Barra meets with MI lawmakers about factory closings

GM's Barra meets with MI lawmakers about factory closings

She also noted GM is launching a number of new vehicles in MI next year. Rob Portman, R-Ohio. "We will be forever grateful for the assistance that the USA government provided General Motors and we...

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HCL Technologies to acquire select IBM software products for $1.8 billion

HCL Technologies to acquire select IBM software products for $1.8 billion

HCL's revenue from software services business, however, rose about 21 per cent to 87.11 billion rupees, leading the company to beat its second-quarter profit. With the acquisition of this software po...

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Skoda Scala makes global debut - Sits between Rapid and Octavia

Skoda Scala makes global debut - Sits between Rapid and Octavia

The Skoda Scala seems like a very promising product but we aren't sure whether this auto will be launched in the Indian market or not. The design is better than the Rapid , clearly infused with ...

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Central bank holds rate amid oil slump; casts doubt on future hikes

Central bank holds rate amid oil slump; casts doubt on future hikes

None of the economists polled by Bloomberg were expecting an increase this time around, but trading in investments known as overnight index swaps implies there's a two in three chance of a rate hike n...

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Sears' biggest holder bids $4.6 billion to salvage bankrupt chain

Sears' biggest holder bids $4.6 billion to salvage bankrupt chain

Lampert in 2002 bought Kmart debt as the discount retailer entered Chapter 11 bankruptcy protection, and at the same time bought Sears shares, paving the way towards a merger. The hedge fund, the re...

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Korea’s tax burden ranked 32nd out of 36 OECD nations

Korea’s tax burden ranked 32nd out of 36 OECD nations

The Organisation for Economic Cooperation and Development (OECD) said on Wednesday overall government tax revenue on average reached 34.2 percent of gross domestic product (GDP) previous year among ...

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U.S. EPA to propose easing rules on new coal plants

U.S. EPA to propose easing rules on new coal plants

Americans are consuming less coal in 2018 than at any time since Jimmy Carter's presidency, a federal report said Tuesday, as cheap natural gas and other rival sources of energy frustrate the Trum...

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Lyft beats bigger rival Uber in filing for IPO

Lyft beats bigger rival Uber in filing for IPO

Lyft is getting ready to ride the stock market . "But there's a danger of waiting to go public as well - markets could go even lower, and the companies could raise less money if they waited longer", ...

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Nissan to recall 150000 cars due to improper checks

Nissan to recall 150000 cars due to improper checks

Several employees admitted they carried out "improper" tests on brake and other systems before shipment, the newspaper said, without specifying how many cars were affected. Ghosn was arrested for alle...

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China's Surplus With US Hits New Record In November

While at the conclusion of Saturday's working dinner, both the US and Chinese delegations said that what amounted to a trade war "truce" between the leaders had been reached, the messaging from th...

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Marlboro maker places $1.8 billion bet on marijuana

Marlboro maker places $1.8 billion bet on marijuana

The transaction gives Altria a 45% interest in Cronos, which operates in both the medical and recreational marijuana markets. The value of publicly-traded Canadian cannabis companies had soared le...

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Aston Martin launches classic electric conversions

Aston Martin launches classic electric conversions

The DB6 Volante serves as a proof of concept for Aston, with the Works department readying itself for customer Heritage EV conversions in 2019. It proved so popular that Jaguar in August confirmed...

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Fiat Panda scores zero stars in Euro NCAP test

Fiat Panda scores zero stars in Euro NCAP test

Despite it being a fresh entrant to markets around the world, 2018 Jeep Wrangler's performance at the crash test was poor. Amidst promising to be brand new in every sense, the Wrangler only offers...

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Donald Trump pays tribute to George HWBush

Donald Trump pays tribute to George HWBush

A state funeral is also being arranged. Bush, who was president from 1989 to 1993, was 94. "He never stopped serving", Clinton said. "While our hearts are heavy today, they are also filled with grat...

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China Hails Trump-Xi Summit, Says

China Hails Trump-Xi Summit, Says "Very Confident" in Trade Deal

He said nothing about purchases. That was compounded by news that a top executive at Chinese telecoms giant Huawei had been arrested in Canada and faces extradition to the U.S. Mr Trump said Chine...

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China confident on US trade pact, Trump cites Xi's 'strong signals'

China confident on US trade pact, Trump cites Xi's 'strong signals'

Failure would raise the specter of a major escalation in the trade battle, with fresh USA tariff action and Chinese retaliation possibly as early as March. There are several significant take-aways fro...

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