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No deal yet in US, Canada NAFTA talks

Throughout the day Friday, it became increasingly clear that Canada and the USA would be unable to reach an agreement. The U.S. wants it out of the deal, but Canada says it must be included. The talks were constructive, and we made progress. "The approach the Trump administration has taken - "my way or the highway" - doesn't seem created to get to yes", said Michael Camunez, CEO of Monarch Global Strategies who served in President Obama's Commerce Department. Read More »

The CBOE May Be Gearing Up To Offer Ethereum Futures


The CME established BTC futures trading on 17th December after the launching of BTC futures by the CBOE . The report published by Business Insider , outlining the CBOE communication, had a significant effect on the cryptos in the market. Read More »

Trump Announces Pay Increase Freeze for Federal Employees


Congress has an opportunity to effectively overrule the President's edict if lawmakers pass a spending bill that includes a federal pay raise. There may be some pay raises on a performance basis, but across-the-board increases won't happen, Trump said. Read More »

KFC Will Pay Someone $11,000 to Name Their Baby After Colonel Sanders


The restaurant says the entry period ends on October 9 at 11:59 p.m. EST. Harland is the first name of KFC's founder, Colonel Sanders . To enter, starting on September 9, parents can submit their name, date and time of their baby Harland's birth, along with their contact information on KFC's website. Read More »

Google and Mastercard reportedly teamed up to track offline sales


Bloomberg says when you walk into a brick-and-mortar store to buy a pair of red stilettos using a Mastercard, Google will know and will report your purchase to the advertiser that ran that campaign as " offline revenue". The encryption technology Google is referencing enables the tracking of data and connecting it to a user's profile, but then sharing that data anonymously with advertisers and Google. Read More »

How Might New Trade Deal in North America Affect Southeast Michigan?


Greenwood said an agreement won't be easily reached, as there are multiple obstacles to overcome. "They're talking very tough on Chapter 19". They've been treated very, I would say, in a rough manner by Canada. She said the discussions have been "very, very intensive". Mexican President Enrique Pena Nieto is keen to sign the agreement before leaving office at the end of November. Read More »

Canada, US NAFTA talks conclude with no deal; to resume next week


Mr. Seade rejected the idea that Mexico sold out or undermined Canada's negotiating position with the bilateral deal his country struck with the United States on August 27, in which Mexico made concessions on key issues such as dispute settlement, investor protection and rules of origin. Read More »

Ford won't sell Focus crossover in US due to tariffs

Fewer than 50,000 were planned to be sold. "The impact to our future sales is expected to be marginal", Kumar Galhotra, Ford's president of North America, told reporters on a conference call. Ford has backpedaled on its plan to sell the Focus Active crossover in the U.S. market. Canceling the Focus Active is the latest move in Ford's oft-evolving strategy for global passenger cars. Read More »

European Union citizens back plan to end twice-yearly clock changes


A giant sculpture constructed with the faces of clocks is seen outside a Paris train station, March 27, 2009 on the weekend when France moves its clocks forward one hour early Sunday morning, marking daylight savings time . "Many people are contributing to this debate". Errol Taylor, chief executive of the Royal Society for the Prevention of Accidents, said: 'We cautiously welcome the findings. Read More »

Rupee slides to new record low against USA dollar


Alone in the month of August, the local currency has fallen by 3.30 percent, highest fall among Asian currencies. The local currency continues to fall as traders are waiting for the release of the June-quarter GDP data, which is expected to forecast expansion of 7.6 percent from a year earlier, according to a Bloomberg survey. Read More »

India`s economy grows at robust 8.2 percent in June quarter

As per the data, the quarterly GVA at basic prices for Q1 2018-19 from "manufacturing" sector grew by 13.5% as compared to contraction of 1.8% in Q1 2017-18. "This is probably the best GDP trend we have seen in the first half of the fiscal year", said Shashank Mendiratta, India economist at ANZ Bank. A CNBC-TV18 poll predicted GDP growth at 7.7 percent. Read More »

Aston Martin confirms its intention to go public


If successful, Aston Martin would become the first British-based automaker to be listed in London for years , following the sale of such brands as Jaguar, Bentley and Rolls-Royce to foreign owners. Laith Khalaf, a senior analyst at Hargreaves Lansdown, said: 'There are few people who wouldn't want an Aston Martin on their drive, and even fewer who can afford one. Read More »

Coca-Cola digs into coffee with $5.1bn Costa purchase


Whitbread acquired the chain in 1995, for £19 million when it had only 39 shops. Activist investor Elliott Advisors became Whitbread's largest shareholder in April and called for a demerger on the grounds it could potentially value the separated firms at a combined £10bn as opposed to the current £7.7bn within the Whitbread stable. Read More »

No paper or powerpoint! Here's how Paytm pitched to Buffett's Berkshire


Berkshire has traditionally been very selective in the tech space, with Buffett stating recently that he was wrong for not having invested in companies such as Google and Amazon. "He's hiring people", Buffett said in a subsequent interview with Bloomberg Television Thursday. I understand that Masayoshi Son and Warren Buffett met at the Sun Valley conference, where Buffett told Masa about the Paytm investment. Read More »

Brexit fallout: Panasonic to move Europe headquarters from United Kingdom to Amsterdam

It is understood that Panasonic's decision is linked to concerns that Japan could see the United Kingdom as a tax haven if it cuts corporation tax to attract businesses post-Brexit. Britain is hoping to strike trade deals with its major partners including Japan following its exit from the bloc. There are now 800 Japanese companies employing more than 100,000 people in the United Kingdom, many in well paid jobs. Read More »

Trump nixes federal pay raise


The federal deficit has exploded under Trump, with the advent of the GOP tax law that is projected to cost $1.9 trillion over the course of a decade, as well as a bipartisan spending deal that increased discretionary spending by almost $300 billion in 2018 and 2019. Read More »

Argentina's interest rate hits 60 per cent as peso plunges

It was the biggest one-day decline in the peso since the currency was allowed to float in December 2015. Specifically, sovereign financial history: The country has Argentina's peso buckled on Wednesday, setting a record low of 34.10 per USA dollar after the central bank sold reserves for a second straight day and the president asked the International Monetary Fund for early release of standby funds.... Read More »

Tesla Model S Goes Airborne After Driver Overspeeds


The 46-year-old driver wasn't alone; the auto had another passenger. Security cameras managed to catch a glimpse of a Tesla Model S doing its best impression of the General Lee from Dukes of Hazard . Police discovered that the driver of the vehicle had been traveling at a high rate of speed when the auto reached a steep incline leading up to railway tracks. Read More »

Trans Mountain pipeline approval quashed by court


A Canadian court has overturned Ottawa's approval of a hotly-contested pipeline project - throwing plans to almost triple the flow of Alberta's landlocked bitumen to the west coast into limbo - in a ruling hailed by environmentalists and Indigenous groups. Read More »

JetBlue increases fees for checked bags


Southwest Airlines the only large US airline that doesn't charge for a single checked suitcase. A second checked bag will cost $40 and a third $150, according to JetBlue's website . Other U.S. airlines - United , Delta and American - all charge $25 for the first checked bag and $35 for the second, while the rate for the third checked piece of luggage varies depending upon the airline. Read More »

Uber plans to transplant people on scooters and bicycles


While bike and scooter sharing isn't as profitable as vehicle rides - at least individually - they allow ride-sharing companies to diversify services and expand their customer base. Khosrowshahi said. "The second impression after the conversation is, oh, I get a longer ride where I can make more money?" As for Uber drivers, the CEO acknowledged that it could hurt them, but it will also help them they have longer journeys which are more lucrative. Read More »

Facebook Watch Goes Global and Expands Advertising Capabilities

The company is also rolling out its Creator Studio globally, the video management tool that includes video performance metrics. So far, the Watch platform has reached 50 million viewers per week in the United States, and the total time spent on the platform has increased by 14 times since the start of 2018, according to Fidji Simo, Facebook's head of video. Read More »

TPG And Vodafone Just Announced A Huge Merger


Prior to the merger announcement, TPG had been set to launch its AU$1.9 billion Australian mobile network in the second half of 2018 across Sydney, Melbourne, and Canberra, with the telco in March announcing the installation of sites in Sydney and Melbourne . Read More »

FG regrets drop in real GDP growth rate


It said oil GDP went down by -3.95 % in the second quarter, as against 14.77% in the first quarter of this year and 3.53 % in the second quarter of 2017. . " On a quarter on quarter basis, real GDP growth was 2 .94%", the NBS report read in part. Minister of Budget and National Planning, Senator Udoma Udo Udoma, sees the latest GDP figures as positive saying they indicated that the Economic Recovery and Growth Plan, ERGP, his ministry was driving was yielding positive results. Read More »

Elon Musk revives 'pedo' controversy in Twitter spat


Musk called him a " pedo " when refuting Unsworth's claims in a tweet . "I also spent considerable time listening to current shareholders, large and small, to understand what they think would be in the best long-term interests of Tesla". "Female founders must constantly consider how they are perceived in both business and life, which creates a tension that doesn't allow us to be fully vulnerable or transparent", she said. Read More »

Migrants rejected by Italy were tortured and raped, United Nations says


The supportive visit by Mr Orban is being seen as the early exchanges ahead of next May's European parliamentary elections which is being billed as a battle between Europe's liberals and populists with migration as the defining issue. Macron has sharply criticised countries who refuse to cooperate on migration saying those who benefit from the European Union but "claim national self-interest when it comes to the issue of migrants" should have sanctions imposed on them. Read More »

RBI annual report: 99.3% of demonetised currency returned to banking system


Over 99 per cent of the Rs 15.3 lakh crore taken out of circulation through demonetisation in November 2016 has returned to the Reserve Bank of India (RBI), the central bank announced on Wednesday. For instance, detected fake ₹50 notes showed a 154% increase in 2017-18 compared to 2016-17. This means just Rs 10,720 crore of the junked currency did not return to the system. Read More »

Dollar Slumps, Peso Surges After U.S., Mexico Trade Deal


Trump, who has called NAFTA a "rip off" for the US, called Monday's announcement a big win. Promising that Canada would "continue to work toward a modernized NAFTA", a spokesman for the Canadian foreign minister said that, "We will only sign a new NAFTA that is good for Canada and good for the middle class". Read More »

Tez is rebranded to Google Pay as Google unifies its payment services

Now, it will be known as Google Pay . Highlighting the importance of booming Indian internet market, global giant Google has announced three goals that will drive its services in India. Voice search has grown by 270% year-over-year in India. Users will also be able to adjust the speed settings. The Android Go low-priced smartphone program is tailor-made for countries like India, with the Google Station initiative created to provide high-quality internet access to rural areas that "have ... Read More »

Trump makes trade announcement at the White House, possibly on NAFTA deal


The Mexican leader expressed hope to "renew, modernize and update" NAFTA while Trump's rhetoric indicated he sees that 24-year-old three-nation deal as dead. Even if more plants are built in Mexico, jobs will grow in the United States due to high levels of integration, with studies showing that USA parts make up 40 per cent of the value of every Mexican-built auto exported to the United States. Read More »

Big oil calls proposed NAFTA agreement with Mexico encouraging


President Donald Trump . Shares of the largest United States automakers got a boost Monday after President Donald Trump said the United States and Mexico have reached an agreement on elements of NAFTA , marking a significant step toward reshaping the landmark trade deal. Read More »