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President Trump announces new trade deal with Mexico, Canada

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Dairy Export Council. The U.S. -Mexico-Canada Agreement ( USMCA ) updates and replaces the almost 25-year-old North American Free Trade Agreement ( NAFTA ), which Trump had threatened to cancel. USMCA also said that Mexico needed to make it easier for workers to form unions. "We were able to make sure that the dispute mechanism within the original NAFTA agreement is preserved so that we can have a fair adjudication process in our disputes with the United States", he told reporters in ... Read More »

Oil price is heading towards $90 per barrel

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U.S. West Texas Intermediate (WTI) crude futures marked $75.90 a barrel around 0630 GMT today, their strongest since November 2014. OPEC and oil traders are now in fundamental disagreement about the market outlook and the standoff is fuelling a sharp rise in prices that could spell trouble for the global economy over the next 18 months. Read More »

Passengers told to stay away from Stansted after airline collapse

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Customers who have yet to fly have been advised not to travel to the airport as all Primera Air flights have been cancelled . If you booked your flight - or a holiday that included flights - through a travel company that holds an Atol (Air Travel Organiser's Licence), you will be entitled to a refund. Read More »

FCC, FEMA to test 'Wireless Emergency Alert' system on Wednesday

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The Emergency Alert System is a national warning system that allows the president to communicate messages to the public during national emergencies. Plaintiffs compare the alert system to "hijacking private property for the goal of planting a Government-controlled loudspeaker in the home and on the person of every American". Read More »

Amazon boosting workers' minimum wage to $15 an hour

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Starting pay is $10 an hour at a warehouse in Austin, Texas, and $13.50 an hour in Robbinsville, New Jersey. Amazon's market capitalization now stands near $1 trillion; it paid Bezos, its founder and CEO, $1.68 million a year ago. All hourly US employees in operations and customer service jobs, including those who made more than $15 an hour, would receive a pay bump in November, a spokeswoman said. Read More »

Oil prices reach four-year high ahead of U.S. sanctions on Iran

Meanwhile, the 24-year-old North American Free Trade Agreement will now be superseded by the U.S. -Mexico-Canada Agreement, covering a region that trades more than $1 trillion annually. There had been expectations China would ignore USA sanctions. The US is rapidly increasing its production. "However, such optimistic claims are falling on deaf ears", PVM Oil Associates strategist, Stephen Brennock, said. Read More »

Amazon to Raise Its Minimum U.S. Wage to $15 an Hour

Inside Amazon's Prime Now warehouse within a Manhattan highrise. "The current rate of $7.25 was set almost a decade ago", said Jay Carney, senior vice president of Amazon global corporate affairs. Commerce Department showed that in August, the pace of hiring rose again and wages grew at their fastest pace in nine years. Competition among companies for qualified workers is growing more intense, and they are increasingly willing to pay. Read More »

Tesla Shares Soar After Elon Musk's SEC Settlement

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As CEO, Musk will essentially remain in day-to-day charge of the firm, but he will likely face more oversight and control from the board and the new chairman. The stock surged as much as 18% in pre-market trading and wiped away Friday's losses, when the stock closed 14% lower. By settling, Musk neither admitted or denied misleading investors. Read More »

Trade deal with Canada 'new dawn' for auto industry

Trump said the tariffs would remain in place "until such time as we can do something that would be different, like quotas perhaps, so that our industry is protected". "This is a terrific deal for all of us", Trump said, with his son-in-law Jared Kushner and U.S. Trade Representative Robert Lighthizer at his side. Read More »

GE, seeking path forward as a century-old company, ousts CEO

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The shares climbed 15 per cent to US$12.95 in NY premarket trading Monday. GE doubled down on fossil fuels in 2015 under Immelt with the US$10.3-billion purchase of French group Alstom SA's power business. Growth in the company's newly reinvented energy storage business , renewable generation and digital grid services has not reached the point of substituting for the conventional power revenues. Read More »

Tesla shares jump after Musk settles with SEC

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This is only the midpoint of his Musk-sational 2018 narrative . Neither Musk nor Tesla admitted or denied the SEC's findings as part of the settlement . "The ideal chairman is someone with operational experience in the automotive industry because that's really where they've struggled, on the operational side in terms of the model 3 ramp", CFRA analyst Garrett Nelson said . Read More »

GE CEO John Flannery steps down

The company's stock was up more than 15 percent in pre-market trading in NY shortly before 1300 GMT. Mr. Culp, who has served as the chief executive of Danaher. "They can't afford to wait any longer for Flannery to try and regain the confidence of the investor community", said Gabelli & Co analyst Justin Bergner. Read More »

California net neutrality bill signed by Jerry Brown

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The Department of Justice filed a lawsuit against the state of California on Sunday evening after Gov. Pai said he was "pleased" to see the federal government's lawsuit, and that "The Internet is free and open today, and it will continue to be under the light-touch protections of the FCC's Restoring Internet Freedom Order". Read More »

Fuel price hike: Petrol prices cross Rs 91 per liter in Mumbai

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Delhi has lower tax among the four major metros. A litre of petrol was retailing above Rs 90 in many districts across Maharashtra for the past few days. The Automobile Association has warned that the increases - a record when not factoring in months when new taxes took effect - will be "catastrophic" for motorists. Read More »

Elon Musk surrender set to boost Tesla shares

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The agreement allows him to stay on as the chief executive of Tesla , although he will have to hand over the reins as chairman of the board and must pay a $20m (£15m) fine to settle fraud charges. Tesla also agreed to pay $20 million and implement procedures and controls to oversee the CEO's communications of material information after he tweeted - falsely, according to the SEC - that he secured funding last month to take the company private. Read More »

U.S., Canada Reach Prelminary Trade Deal: Canadian Official

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Chevrolet Equinox SUVs are parked awaiting shipment by CN Rail next to the General Motors Co (GM) CAMI assembly plant in Ingersoll, Ontario, Canada October 13, 2017. The "new, modernized trade agreement" will replace the 1994 NAFTA trade bloc and be known as the US-Mexico-Canada agreement (USMCA), according to a joint statement issued by US Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland. Read More »

Oil marketing companies again increase fuel prices

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So, if prices go up, the Value-Added Tax amount also increases accordingly. While petrol costs ₹ 90.84 a litre in Mumbai, it costs ₹ 83.49 a litre in Delhi, ₹ 85.30 a litre in Kolkata and ₹ 86.80 a litre in Chennai, according to the daily price notification issued by OMCs. Read More »

Thousands of travellers affected in Europe by Ryanair strike

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The airline said earlier in the week that some 190 flights had been cancelled , however, additional industrial action announced Thursday, meant that number increased. The subsequent decision to start recognising pilot and cabin crew unions around Europe was a multinational can-of-worms. Low-priced airlines Ryanair has said it will be cancelling 28 flights into and out of Belgium today, as a result of a continuing dispute with staff over pay and conditions. Read More »

VW, Microsoft team up to build connected cars

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VW Group chief Herbert Diess said "the strategic partnership with Microsoft will turbocharge our digital transformation", while Microsoft Chief Executive Satya Nadella said the two firms would "reimagine the driving experience for people everywhere". Read More »

Based product selection planned for new Amazon outlet

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The store only carries items that are rated at least 4 stars on Amazon's website, with the company explaining in a blog post that the average rating of all the products in the store is 4.4 stars. On Sept. 4, 2018, with its securities value reaching one trillion USA dollars, Amazon became the second publicly traded US company to achieve so after Apple. Read More »

US, Canada likely to conclude NAFTA talks this weekend

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Sunday is the non-binding deadline the US has imposed on Canada before it publishes the text. The relationship between the u.s. president and the canadian Prime minister are particularly tense since the last G7 summit in June in Quebec. "A deal is not necessarily going to happen", said the source, who requested anonymity given the sensitivity of the situation. Canadian President Justin Trudeau this week fired back, saying, "Americans are finding that the negotiations are tough because ... Read More »

The tweaked BMW i3 gets all the range

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When launched in 2014, the i3's battery pack provided 60 Ah and 22.6kWh, while the second-generation battery introduced for 2017 offered a capacity of 94Ah and 33kWh. The 2019 i3 also features a few upgrades beyond the battery. BMW's solution for that crowd is the i3 REX, which adds in a two-cylinder gas engine that gets you to the next plug (or pump). Read More »

Facebook Discloses Hack Affecting 50 Million Accounts

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The social network said it learned this week of the attack that allowed hackers to steal " access tokens ", the equivalent of digital keys that enable them to access their accounts. Facebook CEO Mark Zuckerberg has said they're working with the Federal Bureau of Investigation, following the data security incident. While officials said they don't know who was behind the attacks, the company said it's scale is what initially raised red flags to its security team. Read More »

OppenheimerFunds Inc. Raised Holding in Bed Bath & Beyond Inc. (BBBY)

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Using volume to analyze stocks can bolster profits and also reduce risk. Isthmus Partners LLC now owns 313,450 shares of the retailer's stock valued at $6,245,000 after buying an additional 2,756 shares during the last quarter. Bed Bath & Beyond's payout ratio is 20.51%. Zacks Investment Research raised Bed Bath & Beyond from a "sell" rating to a "hold" rating in a report on Wednesday . Read More »

Serena Williams bags $857,500 in SurveyMonkey IPO

SurveyMonkey's stock priced above the marketed price range as it raised $180 million in its initial public offering Tuesday. Sandberg plans to donate the shares - or proceeds from any sale - to the Sheryl Sandberg and Dave Goldberg Family Foundation as part of her commitment to the Giving Pledge. Read More »

Trade war may boost Chinese economy & hurt USA growth

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By contrast, China would gain by exporting more to third countries where USA goods are subject to tariffs, although that slight gain would be temporary and partly offset by a negative effect on confidence. Meanwhile, experts are trying to understand what economic impact the trade war might have. The researchers concluded that stock and bond markets could be hurt by a general loss of confidence in the economy, and that "an escalation of trade tensions could have significant adverse global ... Read More »

McDonald's is giving away free coffees of any size tomorrow

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Krispy Kreme: Grab a free coffee of any size! Saturday is National Coffee Day, and there are deals all over the place. But you have to use the McDonald's app to get the deal. Get one free, hot brewed coffee of any size. Cinnabon: Free 12-ounce coffees at participating Cinnabon Bakery locations. Purchase any food item on National Coffee Day 2018 at Einstein Bros. Read More »

Petrol, diesel continue to touch new height

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Retail selling prices have been firming up since July 30 as worldwide rates inched up. The price of UK Brent sweet crude crossed the $80-per-barrel mark earlier this week. There is sense with pump owners that Rs 100 petrol may soon be a reality. The central government has ruled out any reduction in excise duty for now. Read More »

Homebuyers beware as interest rates start to rise

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As rates rise to follow the US, "the funding cost of the banking system has increased ", Norman Chan, HKMA chief executive, told reporters on Thursday before HSBC's announcement. "Now that (the banks) have prepared the market (for further hikes), Hong Kong prime rates may move more in tandem with Fed hikes". Hong Kong Financial Secretary Paul Chan warned of the risks posed by rising interest rates. Read More »

McDonald's burgers: New recipes remove artificial ingredients

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Menu classics affected by the change in the U.S. include the Cheeseburger, the Quarter Pounder with Cheese and the Big Mac. 'In Australia, we're taking steps to remove artificial colours, flavours and preservatives from our menu wherever possible, ' a McDonald's spokesperson said . Read More »

Boeing wins US Air Force TX trainer competition

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The T-X is created to bring pilot training into the 21st century, providing an aircraft to train pilots in the pipeline to fly the F-35 Lightning II. A 2016 study found only 60 percent of the Air Force's existing T-38 fleet to be "mission-capable", complicating the service's efforts to mend a persistent pilot shortage. Read More »

Price of oil could reach $100/barrel by late 2018 or early 2019

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Any help from OPEC kingpin Saudi Arabia to plug the supply gap will take time, according to Total's Pouyanne, who said he'd been calling the return of $100 since June. Crude oil prices edged up marginally on Tuesday, with traders weighing the prospects of a supply shortage due to upcoming USA sanctions against Iran . Read More »

Elon Musk Turned Down an SEC Settlement

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Musk, 47, is the public face of Tesla and JP Morgan analyst Ryan Brinkman questioned how easy it would be for the $50-billion manufacturer, which is still losing money, to raise funds at affordable rates without him. But sources, who requested anonymity because they were not authorized to discuss the matter publicly, told Reuters that while Musk was ready to go to trial he could still settle. Read More »

China: Trump's claim of election meddling 'far-fetched'

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Trump said on Wednesday as he chaired the UN Security Council for the first time that China was meddling in the elections because it opposes his tough trade policies. Trump says the heads of states and delegates in the audience "weren't laughing at me". These "propaganda ads" are being placed "because we are beating them on Trade, opening markets", he tweeted . Read More »