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Speaking in Leamington, Ontario, Prime Minister Justin Trudeau thanked Canadians for standing united against President Donald Trump's sanctions. If the USA moved forward with tariffs on auto imports, it would be a blow to Canada's economy because of the critical nature that the auto industry plays in the country.
  • Elon Musk is arguing about a farting unicorn on Twitter. Here's why

    Elon Musk is arguing about a farting unicorn on Twitter. Here's why

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    He also claimed that the image was "chosen randomly by software team as a joke (they didn't tell me in advance)" and offered to "change it to something else if your Dad wants". "I realize my farting unicorn is not as serious as whistleblowers", Edwards said, "but honestly, it's all about integrity". 'I realize my farting unicorn is not as serious as whistleblowers, ' he told the Guardian , 'but honestly, it's all about integrity'.
  • China eager to defuse trade pressures

    China eager to defuse trade pressures

    Markets

    People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, June 28, 2018. Chinese shares slumped to fresh two-years lows on Thursday and were set for their worst monthly performance in years as trade tensions with the United States and worries about debt dimmed the outlook for China's economy.
  • Crude prices change in different directions

    Crude prices change in different directions

    Markets

    US light crude was 5 cents lower at $72.71 a barrel, after hitting $73.06 on June 27, its highest since November 2014, while Benchmark Brent was up 5 cents at $77.67, according to Reuters . It was the third largest exporter to Korea following Saudi Arabia at 28.5 percent and Kuwait at 14.3 percent. Nayara Energy, an Indian company promoted by Russian oil major Rosneft, is also preparing to halt Iranian oil imports from November after a communication from the government, a second source said.
  • Oil prices surge on global supply risks

    Oil prices surge on global supply risks

    Markets

    At the Multi Commodity Exchange, crude oil for delivery in far-month August rose Rs 11 or 0.24 per cent to Rs 4,615 per barrel in a business turnover of 57 lots. The oil markets responded with WTI Crude Oil up 3.5% and Brent Crude was up 2.18%. "Despite the OPEC agreement (last week) we believe that tight supply is likely to drive oil prices higher during 2018, " Jason Gammel of U.S.
  • Saudi Arabia to increase oil production, Donald Trump says

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    US President Donald Trump says Saudi Arabia's King Salman has agreed to his request to increase oil output "maybe up to" two million barrels, as state media in Riyadh confirmed a phone call between the two leaders about oil but mentioned no specifics.
  • Got $10K? Amazon Wants You To Start Business To Deliver Its Packages

    Got $10K? Amazon Wants You To Start Business To Deliver Its Packages

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    According to Amazon, the company will take an active role in helping would-be fleet owners start, set up , and manage their businesses. Amazon will provide each entrepreneur with hands-on training programs, Amazon delivery technology, uniforms, and discounts on vehicle leases for drivers and insurance.
  • Toys R Us closes final stores Friday

    Toys R Us closes final stores Friday

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    In 2017, Toys "R" Us filed for bankruptcy and in March 2018 the company announced it was going out of business and closing all USA stores. "I'm never going to have a job like Toys R Us", said long-time employee Patty Van Fossan, 54, from Boardroom, Ohio, who was among a group of workers at protests in NY, fighting for severance that they believe they are owed.
  • The UK Is Rationing Beer Because of a CO2 Shortage

    The UK Is Rationing Beer Because of a CO2 Shortage

    Markets

    A EUROPE-WIDE shortage of bubbles for fizzy drinks has hit businesses across Cumbria - with bosses warning supplies of beer are within days of running dry during the warmest fortnight of the year. Holders, the West Midlands based brewery and bottling company, has also stopped the bottling of beers and soft drinks to 80 United Kingdom firms. Coca-Cola has said it has "temporarily paused" some of its soft drinks production because of the ongoing shortage of Carbon dioxide gas.
  • Stupid To Presume That All Swiss Money Is Black: Arun Jaitley

    Stupid To Presume That All Swiss Money Is Black: Arun Jaitley

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    The finance minister said Indian residents can also make legitimate investments in Swiss banks . 50% jump in Swiss Bank deposits by Indians, is "WHITE" money. In comparison, the clients' direct money stood at CHF 1,386.6 million and through fiduciaries at CHF 29 million in 2016. Asserting that Switzerland was always a reluctant state when it comes to financial disclosures, Jaitley said the Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty ...
  • States can impose a new ban for Chinese companies

    States can impose a new ban for Chinese companies

    Markets

    Building on that strategy, the Pentagon released its national defense strategy that also for the first time in decades declared that China is a strategic competitor to be challenged under new defense policies. Some U.S. steel and aluminium tariffs went into effect in April and additional tariffs begin in July. On June 15, Trump announced his plans to push ahead with hefty 25 percent tariffs on $50 billion worth of Chinese imports , in retaliation to alleged intellectual property theft.
  • Rupee hits all-time low, breaches 69 per dollar for first time

    Rupee hits all-time low, breaches 69 per dollar for first time

    Markets

    To fuel its rapidly-growing economy, now 7.7% in the year to March, India has become a major oil importer in recent years, sitting only behind the United States and China as the largest source of global demand. It also spells a higher cost of living for those travelling overseas, be it on holiday or to study. Others like South Korean won and the Philippine peso have depreciated more sharply but the rupee has been the worst performer for 2018 so far with a loss of 8% in its value.
  • Ticketmaster hit by data breach in the UK

    Ticketmaster hit by data breach in the UK

    Markets

    Ticketmaster unveils its Facebook "Timeline App" at the Facebook launch event at 25 Lusk restaurant in San Francisco, California January 18, 2012. Punters are being offered 12 months of identity-theft monitoring by Ticketmaster. It said it has forensic teams and security experts working on understanding how the data was compromised. The company estimates less than five percent of their customers across the world have been affected, while they say no customers in North America have been ...
  • European Union imposes retaliatory tariffs on United States goods: bourbon, motorcycles, orange juice

    European Union imposes retaliatory tariffs on United States goods: bourbon, motorcycles, orange juice

    Markets

    France's Finance Minister, Bruno Le Maire, is addressing media outlets today, speaking about Europe's stance towards trade tariffs being threatened by the United States, as well as the ongoing political push for a more unified Europe. The EU targeted $3.2 billion in American goods exported to the 28-member bloc, including bourbon and Harley Davidsons. The tariff proposal has been condemned by Republican lawmakers and business people.
  • Former Harley Davidson dealer Jim Renacci criticizes company's decision to export jobs

    Former Harley Davidson dealer Jim Renacci criticizes company's decision to export jobs

    Markets

    The Trump administration has started fights with trading partners around the world, imposing tariffs on imported steel and aluminum , provoking retaliation from close USA allies including the European Union, Canada, Mexico and Turkey. Shares in the company sank nearly 6% after the firm announced its decision, which is expected to add between $30m and $45m to its expenses this year.
  • BMW would close UK plants if Brexit hurts supply chain - FT

    BMW would close UK plants if Brexit hurts supply chain - FT

    Markets

    Coupled to a rapidly developing trade war between the US and Europe , the industry body believes there could be tough times ahead for the automotive sector and it has urged the government to accelerate progress, especially in respect of Customs Union membership.
  • Iran protesters confront police at parliament

    Iran protesters confront police at parliament

    Markets

    Other videos appeared to show police charging into the crowd. The currency's fall also prompted traders at two shopping centres in Tehran that specialise in mobile phones to go on strike in protest on Sunday. At least 25 people were killed and almost 5,000 others were arrested in the protests in late December and early January. Analysts believe hard-liners likely encouraged the first protest that took place in Mashhad to try to weaken President Hassan Rouhani , a relative moderate.