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Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA, which began a year ago. The U.S. and Canada are at odds over anti-dumping dispute panels contained under Chapter 19 of the current deal, which the U.S. wants to remove and Canada wants to keep. Read More »

What is Labour's Brexit motion?


On arrival in NY on Tuesday, Theresa May ruled out the idea of another general election before Brexit day , saying it "would not be in the national interest". But the motion passed was a compromise - leaving the option of a second referendum open, but not calling for it directly. We will challenge this Government. Read More »

Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

The administration is looking to inform Congress of a plan for a new North American trade agreement by Sunday, which would allow Mexican President Enrique Peña Nieto to sign it on November 30, his last day in office. However, if anything that might add more pressure on the United States, which has squeezed a good deal out of Mexico. The U.S. and Canada are at odds over anti-dumping dispute panels contained under Chapter 19 of the current deal, which the U.S. Read More »

Michael Kors agrees to buy Versace for €1.83 billion


It has been more than 20 years since I took over the company along with my brother Santo and daughter Allegra. The luxury brand, founded by Gianni Versace in 1978 and now helmed by his sister Donatella, sells high-end goods that often sell for five times as much as Michael Kors' sportswear items, says The Associated Press . Read More »

Microsoft Office 2019 Is Now Available For Windows and Mac Users


Exchange Server 2019, Skype for Business Server 2019, SharePoint Server 2019, and Project Server 2019 are also slated for release to businesses in the coming weeks. It's not supported on Windows 7 or Windows 8.1. You make a one time purchase, and you get to keep on using it as long as you want-on one PC or Mac. Windows 8.1 users of Office 365 ProPlus are supported through January 2023. Read More »

Comcast outbids 21st CF in Sky deal with $40 bn offe


The company's share price fell by 6 per cent to $35.63 - its worst day in nearly three years - amid concerns that Brian Roberts, chief executive, is paying too much for Europe's biggest pay-TV company. Sky's board recommended accepting the offer. Rival bond grader Moody's Investors Service affirmed Comcast's ratings at four steps above junk on Monday, citing the company's commitment to maintaining a strong balance sheet. Read More »

Blow to Facebook as Instagram co-founders quit


The departures raise questions about Instagram's future at a time when Facebook faces its most sustained set of crises in its history. It's the latest in a wave of executive departures of recent times , one that's proven a particular headache for Facebook. Read More »

US using false accusations on trade to 'intimidate' countries: China


Mr Trump has warned that the 10 per cent tariffs on US$200 billion in Chinese goods will rise to 25 per cent in January if Beijing refuses to offer concessions. The first American tariffs targeted goods Washington said benefit from improper Chinese industrial policies. Chinese regulators have tried to cushion the blow on their own economy by targeting American goods such as soybeans, natural gas, fruit, whisky and automobiles that are available from Europe, Latin America and other Asian ... Read More »

OPEC raises forecast based on United States oil production


Brent crude futures jumped to the highest level since May at US$80.43 per barrel, up US$1.57 or 2%. Oil prices were at their highest levels since 2014 in trading Monday, after the Organization of Petroleum Exporting Countries decided not to raise output. Read More »

Rosenstein expecting to be fired, heads to White House

General Assembly. Rosenstein's decisions, including the renewal of a warrant to surveil a former Trump campaign adviser, have prompted furious Twitter outbursts from the president. Others suggested restraint while seeing if the report was incorrect or if it was planted by some adversary. The Baltimore lawmaker called Rosenstein a "firewall" because he oversees special counsel Robert Mueller's investigation into possible Russian interference in the 2016 presidential election. Read More »

Uber and Grab Fined Millions Over Merger That Broke Antitrust Rules


The Competition and Consumer Commission of Singapore (CCCS) fined Uber S$6.5 million and Grab, S$6.4 million, the report said . The regulator said that, after the merger, Grab had 80% of the ride-hailing market in Singapore, and smaller competitors were struggling to do business-particularly as Grab hit taxi companies, car-rental companies and some drivers with exclusivity agreements. Read More »

Saudi Arabia rejects Trump request to hike oil output

Nearly 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the US sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible. Read More »

SiriusXM to Acquire Music Streaming Company Pandora


Instead of trying to push satellite radio for home and mobile use, Pandora will be a much more attractive option to consumers and helps diversify revenue streams. PANDORA CEO ROGER LYNCH said, "We've made tremendous progress in our efforts to lead in digital audio". Sirius XM Chief Executive Officer James Meyer said on a conference call that the company had been in talks with Pandora even before its Chief Executive Officer Roger Lynch took up the position in August a year ago. Read More »

Gold miner Randgold unveils £13.7bn merger with Barrick


Thornton will be executive chairman, while Randgold chief executive Mark Bristow will be president and chief executive. Exchange ratio has been agreed based on the volume-weighted average prices of Barrick shares traded on NYSE , and Randgold ADSs traded on Nasdaq over the 20 trading days ended on September 21. Read More »

Michael Kors to buy out Versace for at least $2B


The Versace family owns the rest of the company. Versace, the Italian fashion house founded by Gianni Versace 40 years ago, has reportedly been sold to USA handbag and clothing brand Michael Kors for $2bn (£1.5bn). The Italian fashion icon had been considering a market listing after USA private equity group Blackstone bought a 20 percent stake back in 2014 to fund overseas expansion. Read More »

Sirius XM to buy Pandora for $3.5 billion

SiriusXM couldn't possibly forget to mention its "extensive automotive relationships" as a way to beef up Pandora's presence on smartphones, computers, and cars nationwide. "Together, we will deliver even more of the best content on radio to our passionate and loyal listeners, and attract new listeners, across our two platforms", Jim Meyer said. Read More »

Iran welcomes OPEC 'no' to Trump call for output hike

Opec leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia , on Sunday ruled out any immediate extra increase in output, effectively rebuffing a call by per cent President Donald Trump for action to cool the market. Read More »

Could you stay 30 hours in a coffin?


Six Flags in St. Louis is searching for spooky month enthusiasts who will spend 30 hours in a " slightly used " coffin, save for bathroom breaks. Fright Fest at Six Flags St. The winners will receive numerous prizes including $300. And get this, you'll even get to keep the coffin. Coffin dwellers will get a six-minute bathroom break every hour. Read More »

Germany’s Porsche says it will not produce new diesel models


At the time, the firm said that didn't mean it had "decided to stop all diesel models" forever. It is, and will remain, an important propulsion technology, " said in a statement Porsche CEO Oliver Blume. He also added that the company will continue to serve its existing diesel customers. Existing diesel vehicle customers would continue to be served, he said. Read More »

Petrol price crosses Rs 90 per litre mark in Mumbai


Petrol prices were hiked by 11 paise per litre and diesel by 5 paise, according to price notification of state-owned oil firms. The highest petrol prices logged in various cities included: Nanded Rs 91.61, Amravati Rs 91.31, Ratnagiri Rs 91.14 and Jalgaon Rs 91.01, said Lodh. Read More »

No oil production hike - OPEC

The price rally mainly stemmed from a decline in oil exports from Opec member Iran due to fresh United States sanctions. "I do not influence prices", Saudi Energy Minister Khalid al-Falih told reporters as OPEC and non-OPEC energy ministers gathered in Algiers for a meeting that ended with no formal recommendation for any additional supply boost. Read More »

Saudi energy minister rips Trump tweet: 'I do not influence oil prices'

Iran told OPEC its production had been steady in August at 3.8 million barrels per day. Higher gasoline prices for U.S. consumers could create a political headache for Republican Trump before mid-term congressional elections in November. "So far, we have chose to stick to our June agreements", Novak said. Rather than OPEC controlling prices, analysts have instead blamed Trump's latest round of sanctions on OPEC-member Iran for driving up the price, as supply from Tehran decreased. Read More »

Florida Airport Placed on Lockdown Following Security Breach


Authorities say that around 2 a.m., part-time aviation management student Nishal Sankat parked his vehicle outside the airport and left it running while he scrambled over the fence near a hangar. The Melbourne Police Department tweeted that the person who boarded the plane has been taken into custody. It also quickly made worldwide headlines as media houses initially felt it may have been a possible terrorist threat, as he was only identified as a Trinidadian student who had had flight ... Read More »

Australia strawberry needle crisis spreads to New Zealand


Countdown advised customers to cut up any Australian strawberries before eating them. In a statement, MPI said it was working with the police and Countdown to investigate the incident. Countdown is warning customers to cut up strawberries before eating them after needles were found in fruit bought in an Auckland supermarket. Some Kiwi growers had reportedly already been eyeing metal detectors amid fears the contamination could spread from Australia. Read More »

Cryptocurrency XRP is leading price increase as Ripple looks to new launch


But now, things suddenly looked good for Ripple in the last 24 hours. Sagar Sarbhai, Ripple Labs' head of regulatory relations for Asia-Pacific and the Middle East, made the comments during an interview earlier this week . The post Ripple Goes Parabolic and Flippens Ethereum: Are Banks Acquiring XRP? appeared first on NewsBTC . PNC is arguably Ripple's largest banking client; however, RippleNet also supports Banco Santander, SBI and American Express. Read More »

Chris Grayling says Britain is heading for a no-deal Brexit


But the United Kingdom says this is unacceptable as it would split Northern Ireland from the rest of the UK. "That's the message we have tried to send for several months now to our British counterparts, who may have thought we were going to say "yes" to whatever deal they came up with". Read More »

Can soaring cannabis shares stay high?


The value of one company, British Columbia-based Tilray , has jumped tenfold since its initial public offering just two months ago. As for Tilray, they haven't done badly at all - especially for a company that's only expected to generate sales of $41 million this year. Read More »

Lower oil prices now


The commercial crude inventory is down about 3% compared with the five-year average for this time of year. Over the past four weeks, refinery inputs averaged 17.62 million barrels per day which was 14.7 percent higher than the same four-week period of previous year. Read More »

Uber is in early talks to buy Europe's Deliveroo


Dara Khosrowshahi , Uber's chief executive officer, has made the company's food-delivery business a priority ahead of a planned initial public offering in the second half of next year. Recently it also announced that now it will also host food chains that do deliveries with their own employees. Deliveroo is one of the largest startups in Europe and competes directly with the Uber Eats global food service. Read More »

Emirates said to be exploring takeover of struggling Etihad


Emirates is already the world's biggest airline on worldwide routes and ranks fourth overall, according to IATA, behind the top three US carriers. The maintenance arm Etihad Airways Engineering was to be excluded from the merger. Emirates chairman Sheikh Ahmed bin Saeed Al Maktoum and its president Sir Tim Clark have previously denied reports of any merger talks between the two carriers. Read More »

United Kingdom takeover regulator to hold auction for Sky on September 21


The Takeover Panel, an independent regulator, says that since neither company has declared its offer final, an auction procedure is expected to commence at 5 p.m. An auction for Sky, which broadcasts to 23 million households across Europe, would be the biggest ever deal in the United Kingdom to be decided by a panel-run auction. Read More »