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PM determined to build pipeline, tackle climate change despite court ruling


However, he said that won't be an immediate issue with Alberta since that province's carbon pricing plan remains in place and "is equivalent to the targets set by the federal government, at least for the next few years". Jason Kenney, United Conservative party leader and front-runner in opinion polls at the moment, has vowed to scrap the province's carbon tax and join Saskatchewan and Ontario in a legal challenge to the federal climate plan. Read More »

Chinese billionaire returns to Beijing after U.S. arrest

Liu, 45, is well known in China and has a net worth of $7.9 billion, according to Forbes . The company did not immediately provide further details, and Liu could not immediately be reached by Reuters. On Monday evening local time, the company said in a statement on the Chinese micro-blogging site Weibo that Liu has "returned to China to continue work as normal". Read More »

Amazon becomes nation's second public trillion-dollar company


As soon as one company has reached that $1 trillion mark, you know it won't be long until another follows in suit - only weeks after it happened for Apple , Amazon has joined the ranks in the "trillion-dollar club". Wall Street has grown very enthusiastic about Amazon's other businesses. Amazon just became the second member of the trillion-dollar club. "We continue to aspire to be Earth's most customer-centric company, and we recognize this to be no small or easy challenge". Read More »

Iran will export crude oil despite United States pressure, says President Hassan Rouhani

US West Texas Intermediate (WTI) crude futures were at $70.05 per barrel at 0353 GMT, up 25 cents, or 0.4 percent from their last settlement. Brent futures show investors are more optimistic that demand for oil will outpace supply than they have been in six weeks, ahead of the potential loss of Iranian crude due to USA sanctions and because of a spike in unplanned production outages. Read More »

Amazon hits $1-trillion market value milestone


Bezos founded the company in his Seattle garage as a small online book seller. On Monday a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the United States, briefly took it above the trillion-dollar watermark for the first time with the company's value hovering clse to. Read More »

Netflix and Amazon will have to make more European content by law


Talking to Variety , Roberto Viola, who heads the European Commission department for content, communications, and technology, called the upcoming vote "a mere formality". He also said that the Commission would publish figures on the percentage of European content on the various streaming services in October, noting the Netflix in particular was already close to the 30% minimum content requirement. Read More »

Funding Circle heading for Square Mile and £2bn float


Funding Circle offers business loans in the UK, US, Germany and the Netherlands and the money raised will be used to bankroll expansion in new markets. Funding Circle announced the plan on Monday. Heartland A/S, the private holding company of Danish billionaire Anders Holch Povlsen, will participate as a cornerstone investor in any listing. Read More »

Friends place fake poster on McDonald's wall


He happily reported that the poster is still on the wall after 51 days! Martin Bester commended the friends for their bravery and guts to do something we would have all loved to have done - have your face on the wall of a fast food restaurant! "I looked at Christian and I said, 'Hey, what if we put a picture of us up on there?'" he said. Read More »

Turkey hikes tax on forex deposits to prop up lira


The central bank and the banking watchdog have taken a series of measures to try to prop up the currency since its recent slide began, although it has not raised interest rates since early June. Turkish President Recep Tayyip Erdogan has long pressured the central bank against monetary tightening, calling himself "the enemy of interest rates" as he prioritized rapid growth over tempering runaway inflation, now at more than 15 percent. Read More »

Turkish central bank to act on record inflation

The Turkish president further emphasized that the "trade facilitation system" was already becoming a major obstacle to global free trade, warning that emerging economies were suffering from this problem, with the biggest example being the economic attacks that he said Turkey had suffered in recent weeks. Read More »

White workers at South Africa's Sasol to strike over black share scheme


Sasol has released a statement saying it's activated contingency measures to minimise potential disruption to operations. Solidarity's Dirk Hermann said: "We are open to any form of discussions because the fact of the matter is, we must get an important solution which will be an example for South Africa on how to find the balance between an empowerment transaction and fairness to all". Read More »

Japanese Oil Wholesalers ‘Prepare To Suspend’ Iranian Imports

Saudi Arabia was Japan's largest supplier of crude in fiscal 2017, accounting for 39 percent, while Iran was sixth at around 5 percent, according to the Japanese government. That has forced Japanese oil companies to prepare to suspend Iranian imports and look for ways to switch to other Middle East producers, Japanese media report. Read More »

Oil Climbs as Market Eyes Iran Supply Risks


Brent crude prices climbed as much as 0.5% to $77.49/bbl in Dubai. US crude CLc1 was 10 cents higher at $69.90. Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported. Read More »

State senator pitches In-N-Out: 'C'mon to Alabama!'


The West Coast-based burger chain now has no operations in the East Coast or deep South, with the closest In-N-Out for Alabamians in Houston, Texas . In 2016 and 2017, the company donated $30,000 to the Republican Party for general expenses, Los Angeles magazine reported . It has been noted that In-N-Out has also donated to at least one Democratic group in the past, including Californians for Jobs and a Strong Economy, a PAC that supports Democratic candidates who are considered cordial to ... Read More »

Argentina to tax exports in economic 'emergency'


Thousands of demonstrators took to the streets of Buenos Aires in protest against the government's austerity program. The peso ARS=RASL closed 3.14 percent weaker after the new measures were announced on Monday, a USA holiday. The currency has lost half its value against the dollar since January. The agricultural sector - the largest part of Argentina's economy - was seen as being key to his election. Read More »

Tencent's online gaming problems in China just got worse


As reported by The BBC , regulators hope to stamp out the visual impairment by limiting the number of new online games coming into the country, while also curbing play time and implementing a new age-restriction system. Tencent has lost more than $160 billion in advertise an incentive from its crest in January, predominantly on administrative vulnerability, and now trails most outstanding adversary Alibaba Group to be Asia's second-greatest recorded company by market capitalisation. Read More »

Trump Has a Response for Meghan McCain's Swipe


Jack McCain said of his father, "He fought hard, obstinately, exuberantly because he liked to fight, but more importantly, because he believed in what he was fighting for". Trump tweeted a four-word reply, "MAKE AMERICA GREAT AGAIN!" to get back especially at Meghan McCain , daughter of the late Arizona Republican Senator. Read More »

Energy Department intervenes to keep petrol price increase down


The price of petrol increased by Rs 0.31 per litre while that of diesel was hiked by Rs 0.39 per litre. There will be no full petrol price increase in September 2018, according to a report by BusinessTech . Due to sanctions on Tehran from the US, India had to reduce its imports from Iran, subsequently reducing the total fuel availability in the country. Officials said the spike in rates is on account of exchange rate falling to a record Rs 71 to a dollar, depreciating by Rs 2.5 in a ... Read More »

Family, friends say final goodbye to McCain


Naval Academy for burial on Sunday, winding up a week of tributes to the war hero and GOP presidential nominee who died August 25 at age 81. John McCain is being laid to rest at the U.S. Mr Bush, in his eulogy, focused exclusively on Mr McCain - a man with whom he had also sparred during his presidency. Trump's daughter, Ivanka Trump , and her husband, Jared Kushner, were in attendance. Read More »'s billionaire CEO Richard Liu released after US arrest


A Chinese billionaire has been arrested in Minneapolis on suspicion of criminal sexual conduct. "He was released pending formal complaint", a spokesman told AFP . 'We are excited to partner with and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want, ' Google Chief Business Officer Philipp Schindler said in a statement at the time. Read More »

California Passes a Strong New Net Neutrality Law


After passing through the California State Assembly's Communications and Conveyance Committee earlier this month, the bill known as SB 822 has passed the entire State Assembly. "It's coming back with a vengeance", said Evan Greer, deputy director of Fight for the Future, an advocacy group that is pushing to preserve net neutrality. Read More »

Friday Fun: Theresa May Shows Off Her Dance Skills


The footage comes just days after Mrs May was filmed dancing with schoolchildren in Cape Town, South Africa earlier in her tour of Africa aimed at improving trade relations with the continent ahead of Brexit . Kenya, a former British colony, is a key ally in East Africa on trade and security. Britain remains Kenya's biggest trading partner but the relationship has stagnated in recent years with Kenyan exports n growing only marginally and British exports to Kenya falling. Read More »

Uber Is Reportedly Developing Its Own Electric Scooter


You can see all of the gory details of how each of the 12 applicants scored on each of SFMTA's assessment's here. The SFMTA's decision is based on the strength of the proposals submitted by the two companies, combined with their experience of owning, operating and maintaining a shared mobility service in the public right-of-way. Read More »

Import Tariffs Kill the Last Ford Focus for the US Market


Ford has backpedaled on its plan to sell the Focus Active crossover in the United States market. Ford had not set a US price for the compact Focus Active, however it would have competed in a segment where prices begin at around $20,000, leaving less profit margin to absorb extra import duties. Read More »

Both sides claim Brexit progress but Irish border unresolved


With seven months to go until Britain leaves, the government has been ramping up its no-deal preparations, and negotiators on both sides increasingly expect an informal October deadline for reaching an agreement to slip into November. "It's a matter of some urgency", he said. Mr Raab promised any deal on the border would be "workable" for the nearby communities it would affect most. Read More »

London's Crossrail says rail link opening delayed until late 2019


Greenwich Council leader, cllr Danny Thorpe, added: "We are bitterly disappointed that the Elizabeth Line will not be opening as planned this year, and I know that many of our residents will also be upset at this news". The Government has provided a grant of £4.9 billion to Crossrail Limited. Simon Wright , Crossrail chief executive , said extra time is required to test the railway to ensure it is safe to use. Read More »

SSE Plc CMA announces merger with npower no concern


So, we carefully scrutinized this deal, in particular how it would impact people who pay the more expensive standard variable prices. Perth-based SSE is the UK's second biggest energy supplier and the merged group will serve about 11.5 million customers. Read More »

Australia, Indonesia to lift economic ties: PM


Bilateral trade between the neighbours was US$8.5 billion (S$11.6 billion) previous year, with Indonesia a incurring deficit of US$3.5 billion. Universities Australia Chief Executive Catriona Jackson said greater access for Australian universities to operate in Indonesia would deepen ties between the two countries . Read More »