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Prime Minister Theresa May's Conservative Party casts ballots in no-confidence vote

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And at dinner in Brussels, EU Commission President Jean-Claude Juncker said there was "no room whatsoever for renegotiation", though he said there was room for "further clarifications and further interpretations". Theresa May was talking outside her residence in Downing Street. All other Conservative members of parliament can run. A confidence vote in the leader is triggered if 15 per cent of Conservative lawmakers - now 48 - write a letter to Graham Brady, head of the party's 1922 ... Read More »

Former revenue secretary Shaktikanta Das assumes charge as RBI Governor

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It's an honour and great opportunity to serve RBI. Das said he thought of making the ground rules clear as he has a background of working with the government. This was his first public statement since assuming charge as the RBI Governor on Tuesday. Das also said that he would be meeting managing directors and chief executive officers of public sector banks tomorrow. Read More »

Oil prices on shaky ground amid global financial market worries

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Also on Tuesday came word from Alexander Novak , energy minister for Russia , that his country plans to cut its oil output by at least 50,000 to 60,000 bpd in January under the OPEC agreement; this means Russian oil output will be around 11.35 million bpd next month, compared to its post Soviet-record high of 11.41 million bpd in October. Read More »

Australia to develop digital watchdog to monitor Facebook and Google

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The Australian Competition and Consumer Commission (ACCC) reports that it is concerned with the large amount and variety of data which digital platforms such as Google and Facebook collect on Australian consumers, which go beyond the data which users actively provide when using the digital platform. Read More »

May heads to Netherlands, Germany in bid to save Brexit deal

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While May made no public comment as she met Rutte in The Hague, European Commission President Jean-Claude Juncker warned that the Brexit agreement cannot be re-opened for negotiation at a summit of EU leaders on Thursday, but he did say that elements of the deal could still be clarified. Read More »

Macron to address French people as pressure over ‘gilets jaunes’ grows

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French authorities said Saturday that they felt confident the protests were contained and, indeed, the protests in Paris were smaller than they have been in previous weeks - thanks, likely, to concessions made on the part of Macron's government to scale back and indefinitely delay gasoline taxes created to curb French reliance on fossil fuels by pricing domestic fuel users out of the market. Read More »

European Union says it won’t budge on Brexit deal amid chaos in Britain

Tusk said only: "We are ready to discuss how to facilitate United Kingdom ratification". Mrs May's deal has proved particularly controversial over the so-called Brexit backstop. Some EU officials have however mentioned the possibility of changes to the accompanying political declaration on future trade ties. Charles Grant of the Centre for European Reform (CER) suggested May would only secure "very minor changes to her deal". Read More »

Michael Gove: Brexit vote in Commons ‘is going ahead’

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The pound fell sharply in response to the reports earlier of a likely delay, shedding 0.5% versus the United States dollar to stand at $1.26, an 18-month low. An anti-Brexit campaigner waves at passing vehicles in Old Palace Yard, Westminster. Brexit Secretary Stephen Barclay will then make a statement to MPs on the Article 50 process. Read More »

Is there a Brexit 'Plan B?' United Kingdom minister offers alternatives

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The prime minister also announced plans to meet European leaders, as well as the leaders of the European Council and Commission ahead of Thursday's summit in Brussels. Labour leader Jeremy Corbyn has slammed May for canceling the crucial vote, claiming the PM has had to delay her own government's vote because her Brexit deal is " disastrous ". Read More »

Macron to raise minimum wage in bid to restore calm

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TV screens show French President Emmanuel Macron during a televised address to the nation. Richard Ferrand, the head of the National Assembly and one of Macron's closest allies, said the president would "give us some short-term answers along with his views on how to rebuild a new French model". Read More »

Amazon plans cashierless store in heart of London's West End

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A total of seven Amazon Go stores, which use sensors and cameras so that shoppers don't have to check out in the traditional sense when they leave the store, already exist in Chicago, San Francisco and Seattle. The Silicon Valley company opened its first Amazon Go store in the USA in January, and it now has seven shops there. The company's cloud unit, Amazon Web Services , has been in touch with airports for other purposes. Read More »

Apple iPhone models banned in China as Qualcomm alleges patent infringement

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Apple's most recent quarterly report showed it brought in some $11 billion - around 18 percent of its total revenues - from "Greater China", a region which includes Taiwan and Hong Kong. The chip maker asked USA courts for a similar ban, but they are siding with Apple for now. The iPhone may have hit a roadblock in China as Apple continues its legal fight with Qualcomm . Read More »

Ted Baker founder Ray Kelvin stands aside over 'unwanted hugs'

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The eccentric fashion executive - who covers his face with various objects including hats, shoes and statuettes when photographed - was accused by hundreds of former and current employees of giving unwanted hugs and kisses, caressing their ears and even telling them to sit on his knees. Read More »

Urjit Patel resigns as RBI Governor For "Personal Reasons"

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Patel took charge as the RBI Governor on 4 September, 2016. Congress President Rahul Gandhi, who was attending a meeting of Opposition parties in Delhi, said there was consensus among leaders in the room that the "BJP's assault" on institutions like the Central Bureau of Investigation, Reserve Bank of India and Election Commission should be stopped, reported ANI . Read More »

China summons USA envoy to protest detention of Huawei exec

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Meng said she was taken to a hospital for treatment for hypertension after being detained. The statement warned that Beijing would make an unspecified "further response" in light of the U.S. Meng, the daughter of Huawei's founder, has been held in custody since her arrest. Gibb-Carsley alleged that Huawei had done business in Iran through a Hong Kong company called Skycom. Read More »

Tesla CEO Elon Musk taunts US financial regulatory agency

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But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric vehicle company's largest shareholder. "I can just call for a shareholder vote and get anything done that I want". A Tesla spokesperson confirmed to Business Insider that the company was in compliance. Tesla Chief Executive Elon Musk delivered a new barrage of criticism at the Securities and Exchange Commission, saying he doesn't respect the agency and that his communications ... Read More »

Nissan seeks to block Ghosn's access to apartment in Rio

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Japanese law sets detention limits for a suspect of 22 days for an arrest warrant served by prosecutors. Analysts have said it could be hard for Nissan to avoid blame, whether it turns out that other executives had knowledge of Ghosn's misconduct, or that the company lacked adequate internal controls. Read More »

Brexit lawmakers committee slams May’s deal in latest blow ahead of vote

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It would also leave the tortuous Brexit process in a state of flux - and raise the prospects of a no-deal scenario - less than four months before the March 29 departure date. With her own future in the balance, Mrs May insists her deal, laboriously negotiated with the European Union over many months, is the only one on the table and that the alternatives are a painful "no-deal" exit from the European Union or possibly no Brexit at all. Read More »

Uber files confidential paperwork to go public

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San Francisco Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public. One person said the filing was on Thursday. Uber's revenue growth slowed in the third quarter to 38 percent. Uber has raised about US$18 billion from an array of investors since 2010, and it now faces a deadline to go public. Read More »

Elderly Florida woman run over by purse thief

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An elderly Florida woman had to be hospitalized after she was run over by a auto during a robbery, and the whole thing was caught on camera. Footage then shows the man sprinting out of the restaurant with the woman following closely behind. Read More »

Nissan to recall 150000 more vehicles in Japan after improper inspections

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Carlos Ghosn , former chairman of Nissan Motor , will be indicted Monday by Tokyo prosecutors amid ongoing investigations into alleged underreporting of salaries by former Chairman Carlos Ghosn, Nikkei reported Friday. The prosecutors believe the company should also be held liable, given that the alleged misconduct by Ghosn continued for a protracted period. The November 19 arrest of Ghosn and Kelly shook the foundations of the Renault-Nissan alliance and stunned the auto industry, ... Read More »

China is lead suspect in Marriott hack

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The hotel chain's statement came after New York Democrat Senator Chuck Schumer publicly called on Marriott to pay for people's passport replacement fees over the last weekend. The hack began in 2014, shortly after an attack on the USA government's Office of Personnel Management compromised sensitive data on tens of millions of employees, including application forms for security clearances. Read More »

Instructions to pilots after Lion Air crash

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In the investigation report, the matter of special type of defect Maneuvering Characteristics Augmentation System (MCAS) came to light in which the aircraft's auto-control lowered the next part of the plane downwards and took the aircraft straight towards the ground. Read More »

Bloodhound land speed record bid scrapped after firm's collapse

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The Bloodhound auto is piloted by Hartlepool man Andy Green, a wing commander with the RAF. The current land speed world record is 763 miles per hour (Mach 0.99), set in 1997 by ThrustSSC. The project had a number of prominent sponsors, such as Rolls-Royce, the aircraft engine-maker, which helped the team operate the Eurofighter Typhoon EJ200 jet engine. Read More »

USA share indexes tumble as trade tensions continue following turbulent week

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Analysts are blaming recent market losses on rising fears of a trade war between Washington and Beijing, fuelled by the detention of a Chinese executive in Canada. The government said job growth in November fell short of economists' expectations. 'It was a little bit weaker on the margin but nonetheless it's going to give the Fed some food for thought as they. Read More »

Regional unemployment rate dips below 4 per cent

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That beats the national and Ontario rates, which both sat at 5.6 per cent in November. "November marked the fifth month in a row that B.C. had the lowest unemployment rate in the country, at 4.4 per cent", he said. Barrie's unemployment rate is besting Ontario's and Canada's right now. The November employment surge was fuelled by the addition of 89,900 full-time positions. Read More »

Amazon eyes expansion of check-out free stores at airports

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The opportunity could bring enormous exposure to the Amazon brand - more than 350 million passengers boarded flights at the country's top 12 airports a year ago, according to the U.S. Operating through the web and operating in the airport will altogether be a different challenge for Amazon Go. Workers must gain clearances to staff concessions after security checkpoints, and square footage in busy sections of an airport can be expensive to lease. Read More »

Microsoft adopts ethical principles to bar misuse of face recognition technology

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Unless we act, we risk waking up five years from now to find that facial recognition services have spread in ways that exacerbate societal issues. Microsoft President Brad Smith has expressed optimism about the potential of facial recognition technology as he cited the example of India, where it helped in identifying nearly 3,000 missing children in four days. Read More »