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Gavin Patterson is out as BT CEO

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Chairman Jan du Plessis, who had backed Mr Patterson at last month's strategy update, yesterday said shareholders had convinced him the CEO's time was up, even as the board is still "fully supportive" of the business plan. At the same time, Patterson was embroiled in fractious talks with Britain's telecoms regulator Ofcom about the fate of Openreach, which runs the national broadband network. Read More »

Donald Trump Withdraws Endorsement Of G7 Joint Statement

At his closing press conference, he announced all G-7 nations had worked hard to finalize a joint statement , which largely committed them to keep talking on trade. Trudeau met with the presidents of the European Council and Commission, Donald Tusk and Jean-Claude Juncker, on Thursday to discuss the EU-Canada trade relationship and discuss "how we can continue to work together to create economic growth that benefits everyone", in what could be seen as a jab at Trump. Read More »

KFC to Test Vegetarian Alternative to Chicken in UK

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Almost four decades after the death of the man who founded the Kentucky Fried Chicken fast-food chain, KFC is devising a fake meat version with the colonel's tightly held original recipe of 11 herbs and spices. A menu update later this year will include a reinvented veggie version of Col. Harland Sanders' fried chicken, the company told the British tabloid. She admitted that KFC is facing a huge challenge of convincing people that it can offer healthy alternatives on top of assuring its fan ... Read More »

Oil Falls on US Crude Build; Global Supply Rises

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President Trump said on Twitter on April 20. Higher retail gasoline prices, meanwhile, are hurting US consumers. The rare request came after US retail gasoline prices surged to their highest in more than three years and President Donald Trump publicly complained about OPEC policy and rising oil prices on Twitter. Read More »

Trump Says He Called for Free Trade at G-7

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The EU and Canada have taken steps to retaliate. Macron said Thursday on Twitter , "The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be". "Angela and Emmanuel and Justin, I would say the relationshiip is a 10", he said. Trump's utopian idea was greeted with scepticism- "Good luck". Trump withdrew the USA from the Paris climate accord and his attendance of a G7 session on the issue was in question well into the last minute. Read More »

Trump rails against 'unfair' trade at G7 leaders summit

But if steps arent taken, he said, the penalties would be severe. He said: "Russia should be in this meeting". Despite his sharp differences with USA allies, the president insisted he has a "great relationship" with his foreign counterparts. Read More »

$1M winning Lotto Max ticket sold in Windsor

There were Max Millions tickets sold in both locations. Friday's Lotto Max had a big prize of $60 million and the ticket for that was sold in Quebec. In total, 27 of them were won - to be shared by the holders of 37 winning tickets sold across the country. When purchasing a Lotto Max ticket, players choose a set of seven number for three rows. Read More »

Google pledges not to use AI for weapons, surveillance

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The guidelines emerge just days after Google announced it would not renew its contract with the U.S. Department of Defense to analyze drone footage. Uphold high standards of scientific excellence. San Francisco: After facing backlash over its involvement in an Artificial Intelligence (AI)-powered Pentagon project "Maven", Google CEO Sundar Pichai has emphasized that the company will not work on technologies that cause or are likely to cause overall harm. Read More »

Verizon names former Ericsson chief as new CEO

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Companies are bulking up in an attempt to grab as many consumers as they can. Current CEO Lowell McAdam will serve as executive chairman through year-end, and non-executive chairman thereafter. He is also Vice Chairman of Hexagon and a board member of the UN Foundation, the Whitaker Peace & Development Initiative, and Childhood US (part of the Queen of Sweden's World Childhood Foundation). Read More »

Commerce Secretary: US reaches deal with China’s ZTE

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On Tuesday, Commerce Department spokesman James Rockas confirmed that "no definitive agreement [had] been signed by both parties". The White House didn't respond to a request for comment. In this file photo taken on June 2, 2018, Commerce Secretary Wilbur Ross leaves a hotel in Beijing . ZTE has pledged to fire four senior employees and discipline 35 others as a result of the guilty verdict it received in a Texas court where one of its subsidiaries are based. Read More »

Nikkei says iPhone orders down 20% in 2018. But, meh

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As per reports, Apple is planning to release three new iPhone models in 2018, with the announcement expected to he held during the company's annual keynotes. Apple will likely unveil three new smartphones this year including a 5.8-inch OLED iPhone, a 6.1-inch LCD iPhone, and a 6.5-inch OLED iPhone. One source from the iPhone supply chain told the Nikkei Asian Review : " Apple is quite conservative in terms of placing new orders for upcoming iPhones this year". Read More »

Trump takes to Twitter talking tougher trade tariffs on G7 allies

Trump's comments are likely to be greeted warmly in Moscow, and perhaps too in Rome, where a new populist dominated government would like better ties with the Kremlin. A gathering of G-7 finance ministers days earlier concluded last week with a message of "concern and disappointment" for Trump from the other six countries. Read More »

Porsche Gives Taycan Name To Road-Going Mission E Concept

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The new sedan promises to race from 0-100km/h in under 3.5 seconds, and hit 200km/h within 12 seconds. The Taycan is expected to arrive in 2019 and start around $75,000. We'll have more, including a first drive of the Taycan , as soon as we get it. Porsche also says that it has "a continuous power level that is unprecedented among electric vehicles". Read More »

We should consider scraping all tariffs

The summit begins Friday in La Malbaie, in Charlevoix, north of Quebec, and runs until Saturday, when Trump flies on to Singapore. "Prime Minister Trudeau is being so indignant, bringing up the relationship that the USA and Canada had over the many years and all sorts of other things.but he doesn't bring up the fact that they charge us up to 300 percent on dairy - hurting our Farmers, killing our Agriculture!" American allies are fuming over new tariffs on steel and aluminum ... Read More »

Coinbase, Circle Vie to Create Brokerages for Crypto Securities

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Details of Coinbase's licensure application process were laid out in a blog post entitled "Our path to listing SEC-regulated crypto securities", Coinbase explained that it's now waiting on approval from the US Securities and Exchange Commission (SEC) and FINRA for several forms of licensure: "a broker-dealer license, and alternative trading system license, and a registered investment advisor license". Read More »

GFA dissolved by Ghana government

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The GFA said it would cooperate with any investigation. "The two-hour documentary, "*When Greed and Corruption Become the Norm*", is the work of undercover journalist Anas Aremeyaw Anas and Wednesday's public viewing was the first since it was released to the authorities last month. Read More »

Australia's Qantas will change Taiwan website reference after Beijing request

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Hong Kong and Macau are special administrative regions of China . The head of Qantas International, Alison Webster, said making the changes on the Qantas website was a complex task. Australian companies are being warned they could soon find themselves joining Qantas. Joyce said Monday, June 4, 2018, that Australia's flag carrier airline was in the process of changing its website to describe Taiwan as a Chinese territory after pressure from Beijing. Read More »

Google-backed flying auto project closer to take-off

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Kitty Hawk , the flying vehicle company backed by Google co-founder Larry Page, has begun taking pre-orders for its newest model. In the United States, the Flyer falls under the FAA's rules for ultralight aircraft, meaning no pilot's license is needed so long as it's flown over water or "uncongested areas". Read More »

Alexander Nix rejects claims $8m left Cambridge Analytica before collapse

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The fake news enquiry kicked off in thorny fashion, as Nix refused to answer committee chair Damian Collins' opening question about the current state of Cambridge Analytica . During his questioning, Nix also went on the attack a number of times and refused to answer questions about the full extent of its use of Facebook-sourced data. Read More »

Job Openings Hit Record High, Outnumber Jobless for First Time

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According to CNBC , there are roughly 6.7 million job openings in the United States and approximately 6.4 million available workers to take them, making April the second month in a row to have an inverted job index. In April 2000, the last time the unemployment rate was as low as it is now, hourly pay jumped almost 4 per cent from the previous year. That may indicate that employers aren't as desperate to hire as the robust number of job openings would suggest. Read More »

European Union to impose extra tariffs on USA imports from July

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The EU says it will introduce "rebalancing" tariffs on about 2.8 billion euros' ($3.4 billion) worth of US steel, agricultural and other products, including bourbon, peanut butter, cranberries and orange juice. "It is a measured and proportionate response to the unilateral and illegal decision taken by the United States". "What's more , the EU's reaction is fully in line with worldwide trade law. Read More »

Tesla Model X Accelerated Toward Barrier Before Fatal Crash

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The alerts were triggered more than 15 minutes prior to the accident . The report notes that the driver's hands were not on the steering wheel during the six seconds preceding the crash. Autopilot was in use when the vehicle hit a stopped fire department truck. The final point corroborates a statement Tesla made a week after the accident . Read More »

Social Security has 16 years left before benefit cuts begin, report says

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At that time, funds will be sufficient to cover just 91% of Medicare Part A costs. Income to the Medicare fund is expected to be lower than estimated a year ago because of "lower payroll taxes attributable to lowered wages in 2017 and lower levels of projected gross domestic product", the Treasury said in a "fact sheet" accompanying the report . Read More »

Battered by Trump, G7 leaders choose to be 'polite,' productive

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The other 6 members of the G7 are holding out hope they can find common ground with Trump, but are prepared to stand up to U.S. protectionism. A new report says the U.S. "It's understandable that change causes friction", the official said, noting some of Trump's recent tariff announcements have brought stubborn trading partners back to the negotiating table. Read More »

Salad days are over ... now Heinz labels it Sandwich Cream

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Manufacturer Heinz proposed the rebranding after research found that only 14% of customers use the sauce on salads. But in the United Kingdom, there's another product that is a mainstay on shelves: a mayonnaise-like condiment formerly known as "salad cream". Read More »

Hudson's Bay loss widens, to shut flagship Lord & Taylor Manhattan store

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The moves come about four months after Toronto-based HBC named as its new chief executive officer Helena Foulkes , a seasoned retail leader who previously helped strengthen the drugstore division of US -based CVS Health Corp. Investors sent the company's stock down more than three per cent to $10.26 in morning trading on the Toronto Stock Exchange. Total sales increased 1 percent to 3.1 billion Canadian dollars, while comparable sales declined 0.7 percent. Read More »

Billionaire Koch brothers take on Trump over tariffs

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Charles Koch will continue to serve as CEO of Koch Industries and the unofficial face of the network. Democrats have demonized the Koch brothers for their outsized influence in conservative politics over the last decade. Utilizing the cash they produced from their Kansas-based household enterprise empire, the Koch brothers have created what is probably going the nation's strongest political group with short- and long-term objectives. Read More »

Rodents spotted running through bun pallet at Delaware Burger King

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The unhygienic situation at this burger joint led to the order to close down the restaurant citing an " imminent health hazard " and " gross unsanitary conditions ". The restaurant was re-inspected Monday, June 4th, where investigators allowed the restaurant to reopen since all violations had been fixed. Additionally, officials said the plastic on the rolls had been chewed, and the pallets the rolls were on had rodent droppings. Read More »

Chuck Schumer Rips Trump Amid Reported ZTE Deal

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ZTE, the Chinese telecommunications company trying to resolve a seven-year United States export ban , has sent out reprimand letters to 35 current and former employees involved in illegal sales to Iran and is seeking to claw back bonuses from those who have left the company, according to people familiar with the matter. Read More »

Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B

The Department of Commerce will also change its 2017 settlement agreement with ZTE, counting the $361 million it has already paid in penalties toward the sum, Reuters reported . ZTE has promised to replace its board and executive team as part of the deal. "By letting ZTE off the hook, the president who roared like a lion is governing like a lamb when it comes to China", US Senate Democratic leader Chuck Schumer said in a statement in response to Reuters' report of the preliminary agreement. Read More »

Trump tariffs, trade war to be challenged by Bob Corker, GOP

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Republicans have hit Democrats for their "obstruction" of Donald Trump's nominees in the past. She is contesting a seat in Orange County, California, that will be critical if Democrats are to take back the House of Representatives. The requirement would apply to all Section 232 actions moving forward, as well as those taken within the past two years. "I intend to keep working with the president on those better options". Read More »

US Treasury Secretary said to favour less-sweeping investment limits for China

British forces burned down the White House and much of Washington, D.C., in August 1814 after Americans attacked York, Ontario, which was then a British colony. In Iowa, the top pork-producing state in the U.S., with Mexico as its largest market, Republican Congressman Rod Blum is seen as vulnerable. The Economy Secretariat (SE) published a full list of the USA products that will be affected by the new protectionist measures in the government's official gazette, with tariffs ranging between ... Read More »