• Trump says he rejected meeting with Justin Trudeau
Trump says he rejected meeting with Justin Trudeau

Trump, who wants major changes to the 1994 treaty, has already concluded a text with Mexico and is threatening to leave out Canada unless it signs up by this Sunday. Remaining sticking points concern Canada's state-managed system of dairy production, protections for Canadian cultural industries and provisions for resolving dispute that arise among ...

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  • US says Canada not making concessions needed for NAFTA deal
US says Canada not making concessions needed for NAFTA deal

Lighthizer said. While some lawmakers have ratcheted up pressure on Canada to sign, others such as Nancy Pelosi have said the Trump administration should reach a trilateral deal. Markets are nervous about the impact on a deal that underpins $1.2 trillion in annual trade. When the US reached a preliminary agreement in principle with Mexico last mo...

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  • Oil producers to continue working to boost output
Oil producers to continue working to boost output

However, Saudi Arabia's leadership of 24 oil-producing countries will be threatened if these states realise that the Kingdom is satisfying Washington's wishes at their expense. "This is because OPEC have essentially ignored President Trump's call to raise output to help lower prices", said Ashley Kelty, oil and gas research analyst at financial...

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  • Iran: Trump should stop interfering in Middle East
Iran: Trump should stop interfering in Middle East

The Trump administration has pushed prices higher this summer by telling oil buyers they must cut their purchases of Iranian crude to zero by November 4 or else face USA sanctions. "We will ensure prior to the re-imposition of our sanctions that we have a well supplied oil market", Washington's special envoy for Iran, Brian Hook, told a news conf...

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  • Michael Kors buys Versace: How much did Versace cost Michael Kors?
Michael Kors buys Versace: How much did Versace cost Michael Kors?

There are understandable concerns that, under the new regime and structure, Versace's fashion culture will be "dehumanized", as many other independents have been when they've become part of a portfolio. Michael Kors , the eponymous label of the U.S. designer from Long Island, is known for its luxury yet affordable lines. Investment from Michae...

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  • UK: Compromise with European Union over Brexit likely to be reached - Rabobank
UK: Compromise with European Union over Brexit likely to be reached - Rabobank

The prime minister is sticking by her Chequers plan for future co-operation despite European leaders attacking it. On tax after Brexit, Mrs May is expected to pledge Wednesday to use low tax and "smart regulation" to make post-Brexit Britain an economic powerhouse in Europe.

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  • Trump to UN: 'Ideology of Globalism' Rejected for 'Doctrine of Patriotism'
Trump to UN: 'Ideology of Globalism' Rejected for 'Doctrine of Patriotism'

As one of our loyal readers, we ask you to be our partner. In a sign of how some allies are unwilling to automatically follow Trump's lead, the five remaining parties to the agreement - Britain, China, France, Germany and Russian Federation - announced Monday plans to keep business ties alive with Iran , staring down Washington's move to impos...

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  • Canada’s Barrick in $18B merger to create world’s largest gold miner
Canada’s Barrick in $18B merger to create world’s largest gold miner

Two-thirds of the directors of the combined company will be nominated by Barrick while one-third will be nominated by Randgold. While not providing specifics on how he or anyone else at Randgold could help end the deadlock, company founder Mark Bristow, who was named chief executive officer of Barrick on Monday, acknowledged during an analyst...

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  • U.S. risks more China tension with US$330 million Taiwan arms deal
U.S. risks more China tension with US$330 million Taiwan arms deal

The US State Department is ready to sell a batch of military parts to Taiwan, officials said on Monday (Sep 24), the same day President Donald Trump's latest round of tariffs against Chinese imports took effect. Eswar Prasad, former head of the International Monetary Fund's China division told the Washington Post: "The end game in the U.S". ...

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  • Instagram founders leave Facebook after clashing with Zuckerberg
Instagram founders leave Facebook after clashing with Zuckerberg

Meanwhile, Bloomberg reported that the pair is leaving after clashing with Facebook founder Mark Zuckerberg, who has reportedly taken a closer interest in the app as his company has increasingly depended on it for future growth. "Building new things requires that we step back, understand what inspires us and match that with what the world nee...

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  • Uncertainty Over Lost Production from Iran Sanctions Still Driving Upside Momentum
Uncertainty Over Lost Production from Iran Sanctions Still Driving Upside Momentum

Traders should also keep a close eye on the release of the Baker-Hughes Rig Count, in addition to announcements from the Asia Pacific Petroleum Conference and further statements from President Trump regarding OPEC . While viewing high demand as healthy, the organisation noted that the trend was fuelled by developing countries undergoing major demo...

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  • SiriusXM Acquires Pandora For $3.5B and Why It Matters
SiriusXM Acquires Pandora For $3.5B and Why It Matters

Following the announcement of the deal, Pandora stocks saw an 8.3% increase while Sirius fell by 5%. We'll have to see how Pandora plans on competing with the major streaming services such as Apple Music and Spotify . PANDORA CEO ROGER LYNCH said, "We've made tremendous progress in our efforts to lead in digital audio". Pandora shares...

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  • Oil jumps 2 % as market tightens, more gains seen
Oil jumps 2 % as market tightens, more gains seen

Reuters reported that oil prices rose about 2% today as markets tightened ahead of Washington's new sanctions against Iran , with some traders forecasting a spike in crude to US$100 per barrel. -China trade war and supply, especially from the USA, was seen sufficient in the next 12 months, said Janet Kong, BP Plc's head of trading in Asia. "T...

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  • Michael Kors to take control of Italy's Versace
Michael Kors to take control of Italy's Versace

According to Italian newspaper Courier della Serra , Michael Kors is gearing up to purchase Versace for $2 billion. Private-equity firm Blackstone, which owns 20 percent of the brand, reportedly didn't believe its financial performance was strong enough for a public listing, according to Reuters .

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  • Could you stay 30 hours in a coffin?
Could you stay 30 hours in a coffin?

Louis has just the Halloween-themed happening for you. Six Flags will provide meals, drinks, and snacks. The challenge - if you choose to accept it - is not without its rewards. Contestants who remain in their coffin for the full 30 hours, not including bathroom breaks, will receive two Six Flags 2019 season passes, a Fright Fest prize package ...

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  • Crude Oil Gaps Higher After OPEC Cools Off Production Hikes
Crude Oil Gaps Higher After OPEC Cools Off Production Hikes

Brent crude climbed above US$80 a barrel to its highest level since November 2014 and West Texas Intermediate has been trading more than two per cent higher Monday after OPEC and its allies signaled less urgency to boost output, despite USA pressure to temper prices .

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  • Black-cab ride that led Comcast to aim for Sky
Black-cab ride that led Comcast to aim for Sky

Had the bid been close, there was speculation that Sky might have recommended the Fox offer to shareholders. Fox proposed remedying this by selling the rolling TV news channel to Disney should it win full control of Sky. Comcast's victory in Saturday's 24-hour bidding war for Sky will give the USA media giant access to Sky's valuable streamin...

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  • Porsche Drops Diesel Engines, to Focus on Hybrids and EVs
Porsche Drops Diesel Engines, to Focus on Hybrids and EVs

Using an official statement published on the company media website, Porsche CEO , Oliver Blume, said the company wasn't "demonising" what is an "important propulsion technology", but admitted it would have a "diesel-free" future. Blume's statement comes months after Porsche stopped taking orders for its diesel variants in February, roughly 10 ...

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

Ripple says that this number is more than three times the official government aid that has been received previous year. And the reason behind this is the number of lawsuits that Ripple Labs is dealing with. Detractors also allege that Ripple will never become mainstream. However, Ripple then answered that the sample was quite small to see ...

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  • Strawberry sabotage crisis spreads to New Zealand
Strawberry sabotage crisis spreads to New Zealand

Woolworths-owned supermarket chain Countdown announced it was removing Choice brand strawberries, imported from Western Australia , from shelves across NZ after an Auckland customer reported discovering needles in their fruit on Sunday.

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