Economy

Marlboro maker places $1.8 billion bet on marijuana

Marlboro maker places $1.8 billion bet on marijuana

Altria also agreed to make Cronos its exclusive partner for global cannabis opportunities. Cronos said it will use the capital to accelerate its global growth and expansion, as well as research and...

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Latter-day Saint leaders express gratitude for George H.W. Bush

Latter-day Saint leaders express gratitude for George H.W. Bush

He encouraged Americans to gather in places of worship "to pay homage" to Mr Bush's memory, adding: "I invite the people of the world who share our grief to join us in this solemn observance". He was ...

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DoubleLine's Gundlach: Treasury curve inversion signal 'economy poised to weaken'

DoubleLine's Gundlach: Treasury curve inversion signal 'economy poised to weaken'

The dollar has been under pressure since Federal Reserve Chairman Jerome Powell said last Wednesday that USA interest rates were nearing neutral levels, which markets interpreted as signalling a slo...

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Aston Martin offers 'reversible' electric conversion for classic cars

Aston Martin offers 'reversible' electric conversion for classic cars

That means it can be fitted and removed as required, without damaging the mounting points for the original internal-combustion engine. You may think, "Well, it's a little early for this sort of thin...

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Fiat Panda gets zero-star Euro NCAP safety rating

Fiat Panda gets zero-star Euro NCAP safety rating

The 2018 Jeep Wrangler offers marginal protection to the driver and passengers during crash tests . It also advised that the Wrangler will get autonomous emergency braking ( AEB ) and other safet...

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China says it will carry out tariff cease-fire with US

China says it will carry out tariff cease-fire with US

The White House said that the U.S. has agreed that the tariffs on $200 billion worth of product will remain at 10% until January 1st 2019 and that China "will agree to purchase a not yet agreed upon, ...

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China promises prompt action on U.S. trade pact

China promises prompt action on U.S. trade pact

By Tuesday, the optimism had completely faded as Trump once again called out China for its trade practices. The market is closed Wednesday as the United States celebrates a National Day of Mourning ...

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Wall Street to open lower on trade deal doubt, bond market nerves

Wall Street to open lower on trade deal doubt, bond market nerves

On Tuesday, President Trump has declared himself a "Tariff Man" in tweeting about the state of progress with China, doubling down the threat to raise tariffs on Chinese goods if a deal isn't solidif...

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Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

Thornton China Center at the Brookings Institution who was an economic and financial emissary to China for the Treasury Department under President Barack Obama. Canada must be careful not to damage it...

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Huawei executive arrested by Canadian officials at United States request

Meng Wanzhou , who is also Huawei's deputy chair and is the daughter of founder Ren Zhengfei, was arrested in Vancouver in relation to suspicions of violations to USA sanctions against Iran. "This h...

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OPEC members complaining, says Nigeria is overproducing

OPEC members complaining, says Nigeria is overproducing

If Russia contributed around 250,000 bpd, the overall cut could exceed 1.3 million bpd. When President Trump announced his decision to pull the US out of the Iran Nuclear Deal and reimpose sanctio...

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Ted Baker staff complain of ‘forced hugs’ by company founder

Ted Baker staff complain of ‘forced hugs’ by company founder

VietJet Air said it has suspended the two pilots, but did not reveal their names. Ted Baker has not yet responded to CNN's request for comment, but it issued a statement to the UK's Press Associat...

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Sask. won't follow Alberta with cut to oil production

Sask. won't follow Alberta with cut to oil production

Western Canadian Select (WCS) is the reference price for heavy crude oil from the oilsands delivered at Hardisty, Alta. However, Imperial and Husky said Friday they remain opposed to involuntary prod...

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Canada arrests Huawei CFO in Vancouver for extradition to the U.S.

Canada arrests Huawei CFO in Vancouver for extradition to the U.S.

Huawei said it has received "very little information regarding the charges and is not aware of any wrongdoing by Ms. Meng". Meng is the daughter of Huawei founder Ren Zhengfei, and also sits as the ...

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US China Trade Truce at G20 Summit, 90-Day Ceasefire Announced

US China Trade Truce at G20 Summit, 90-Day Ceasefire Announced

The truce, agreed on Friday (30 November) by United States president Donald Trump and China's president Xi Jinping , has been welcomed by U.S. associations representing apparel and footwear bra...

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5.1M pounds of beef added to recall due to salmonella

5.1M pounds of beef added to recall due to salmonella

Millions more pounds of beef are being recalled because of food-poisoning concerns. All product supplied from JBS packaging facility in Tolleson, AZ. "These products should be thrown away or returne...

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China trade war talks will end in March - unless they don't

China trade war talks will end in March - unless they don't

China has made no direct mention of specific goods they will start to buy nor given any timeframe for when they may start. "There's a specific understanding that we're going to now turn the agreeme...

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Qualcomm says NXP deal is off

Qualcomm says NXP deal is off

Qualcomm paid NXP a US$2 billion fee to terminate the deal and embarked on a US$30 billion stock repurchase plan to appease shareholders miffed by the deal falling through. After the meeting, Trump s...

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Trump says will formally terminate NAFTA soon

Trump says will formally terminate NAFTA soon

NAFTA allows any country to formally withdraw with six months notice. Trump, joined by Canadian Prime Minister Justine Trudeau and outgoing Mexican President Enrique Peña Nieto, signed the United St...

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100 million users stand affected

100 million users stand affected

A recently discovered data breach may have exposed the personal information of about 100 million Quora users , the question-and-answer website said Monday. The breach does not affect question and a...

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Amazon testing cashierless checkout technology at large stores

Amazon testing cashierless checkout technology at large stores

Even though this seamless concept works great in smaller Amazon Go stores, a source told The Wall Street Journal that rolling out the same technology in a bigger store could be challenging due to ...

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Saskatchewan not following Alberta’s lead in cutting oil production

That's down from US$28.80 a barrel on Friday; it had been as high as $40 earlier in the week. "We have set out a 10,000 barrel [a day] exemption for all producers". Imperial Oil CEO Rich Kruger said...

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George W. Bush pays tribute to father through painting

The 41st president died Friday at his home in Houston at age 94. George H.W. Bush began his final voyage to Washington, DC - the capital city where he served as congressman, Central Intelligence A...

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Fed chairman says United States economy healthy, hints at slower rate hikes

Fed chairman says United States economy healthy, hints at slower rate hikes

European bonds too rallied across the board, with German 10-year yields hitting a three-month low of 0.322 percent, down 3 basis points on the day. Stocks that had fallen the most during the six-wee...

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Business Roundtable cheers Donald Trump-China trade truce

Business Roundtable cheers Donald Trump-China trade truce

Just a day after Trump threatened to bludgeon China by doubling USA tariffs on $200 billion worth of goods, the White House said a planned increase from 10 percent to 25 percent on January 1 will ...

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Oil surges on U.S.-China trade truce, plans to cut output

Oil surges on U.S.-China trade truce, plans to cut output

Along with a couple of other non-member producers, the OPEC-Russia meeting will be the major event in commodities this week and for the final month of 2018. Brent crude rose 5.3 percent or $3.14 to a ...

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Qatar to quit global oil body Opec

Qatar to quit global oil body Opec

The decision came after Qatar, one of Opec's smallest producers but the world's largest liquefied natural gas exporter, reviewed ways to enhance its role internationally and plan long-term strategy, i...

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Stocks markets surge on hint of slower rate hikes

Stocks markets surge on hint of slower rate hikes

But many economists warn that by attacking the Fed for raising rates, Trump is actually putting pressure on the central bank to raise rates to demonstrate its independence from political consideration...

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UK PM May Says Focused on December 11 Brexit Vote, Not Alternatives

UK PM May Says Focused on December 11 Brexit Vote, Not Alternatives

And she accused Labour of pursuing "narrow party interest" in trying to bring on a general election by putting down an amendment to the crucial House of Commons motion which would block her deal w...

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‘You’ve done a fantastic job’: Donald Trump praises Scott Morrison at G20

Nearly an hour after the gathering, White House press secretary Sarah Huckabee Sanders said, "Today, before the start of the G20 summit, President Trump met during breakfast ... "This is a model a...

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