• NAFTA 2.0 is just a warmup to Trump’s bout with China
NAFTA 2.0 is just a warmup to Trump’s bout with China

Political deadlines are often fuzzy but Canada and the U.S. appear to be working towards some major compromises and a NAFTA deal. What's in the new deal? Trump, Canadian Prime Minister, and current Mexican President Enrique Peña Nieto are expected to sign the agreement shortly before the latter leaves office on November 30.

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  • Oil Prices Hit $85pb Highest Since 2014
Oil Prices Hit $85pb Highest Since 2014

Front-month Brent crude futures have jumped by almost $14 per barrel (20 percent) since the middle of August, including an increase of nearly $6 (7 percent) since the JMMC meeting, to their highest in almost four years. Two sources familiar with the matter said Saudi Arabia as well as other OPEC and non-OPEC producers had discussed likely output ...

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  • Amazon raises minimum wage to $15 for all employees
Amazon raises minimum wage to $15 for all employees

The company reacted angrily in August to a campaign from Bernie Sanders , the USA senator from Vermont and former presidential candidate, who has been singling out Amazon for what he says are poor working conditions and wages for company warehouse employees.

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  • A Look at Larry Culp’s Career
A Look at Larry Culp’s Career

The ouster of John Flannery, a 30-year GE veteran, comes barely a year after he took over in a bid to rescue to the company, long a pillar of American industry that has seen its shares tailspin 35 per cent since the start of the year. Over the last two decades, GE's valuation has dropped to just over $110 billion, down about $500 billion from its p...

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  • Elon Musk to Tesla workers: Perform for profit, prove 'naysayers wrong'
Elon Musk to Tesla workers: Perform for profit, prove 'naysayers wrong'

Tesla shares plunged around 14 percent on Friday, the day after the SEC charged Musk with misleading investors, and are down 30 percent since his August 7 tweet saying he was considering taking the company private at $420 a share. Achieving those milestones would be a rebuke to may on Wall Street who have insisted that Tesla would need to rais...

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  • Amazon raising minimum wage to $15 for all US employees
Amazon raising minimum wage to $15 for all US employees

Amazon employs over 575,000 people worldwide. The change takes effect November 1 and applies to full-time, part-time and temporary workers. Jeff Bezos, Amazon chief executive, said he was "excited" to announce the changes, which he said would impact more than 37,000 employees across the United Kingdom, "resulting in higher pay for them and thei...

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  • US, Canada and Mexico praise 'historic' NAFTA replacement deal
US, Canada and Mexico praise 'historic' NAFTA replacement deal

Vancouver Island with its 40 dairy farms will "be milking less cows" and there will be fewer jobs in that sector as a result of the deal, he said. With the ink still drying on the U.S. In Ottawa, PMO officials said there would be another cabinet meeting Monday and a news conference likely as well. "Mexico and Canada will be opened up a lot more t...

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  • Petrol price crosses Rs 91-mark; cooking gas above Rs 500
Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Diesel in Mumbai costs Rs 79.72 per litre at International Olympic Committee outlets and Rs 79.79 at BPCL outlets. In tandem with petrol , cost of diesel also rose to hit new highs on Monday. This subsidy amount varies from month to month, depending on the changes in the average worldwide benchmark LPG rate and foreign exchange rate. The subsi...

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  • GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive
GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive

In the press release , Mr. Culp said, "GE remains a fundamentally strong company with great businesses and tremendous talent". The company said it would fall short of its previously indicated guidance for free cash flow and earnings per share for 2018 due to weakness within GE Power, despite 'GE's businesses other than Power generally performing...

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  • California governor signs tough net neutrality bill, and Justice Dept. sues
California governor signs tough net neutrality bill, and Justice Dept. sues

Disregarding the clear popular support for such protections and showing its commitment to seeing net neutrality destroyed, the Trump administration immediately sued California after Gov. "Courts have consistently held that when the federal government lacks authority to regulate, it can not preempt states from regulating", said Andrew Schwartzman, a...

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  • Elon Musk resigns, pays $20m fine in settlement with SEC
Elon Musk resigns, pays $20m fine in settlement with SEC

The electric carmaker's shares sank last week after the U.S. Securities and Exchange Commission accused Musk of securities fraud , opening up the prospect of a long-drawn out fight that could have seen Tesla lose its leader, and undermined its ability to raise capital and ramp up production.

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  • Facebook hack: What to do if you’re affected
Facebook hack: What to do if you’re affected

Earlier this month, Zuckerberg said Facebook was better prepared to defend against efforts to manipulate the platform to influence elections. In the incident disclosed Friday, the Menlo Park, California-based company said it started investigating suspicious activity on 16 September.

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  • Tesla shares jump as SEC settlement leaves Musk in CEO role
Tesla shares jump as SEC settlement leaves Musk in CEO role

The US Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months for the company.

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  • Thousands of travellers affected in Europe by Ryanair strike
Thousands of travellers affected in Europe by Ryanair strike

Cabin crews in Germany, Belgium , Portugal, the Netherlands, Spain and Italy, as well as pilots in Germany, began a 24-hour walkout as airspace opened on Friday. However passengers are being advised to check with the airline if they believe their flight is cancelled . Germany's services union Verdi, which represents around 1,000 cabin crew at ...

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  • Clock ticks down on potential Sunday NAFTA deadline
Clock ticks down on potential Sunday NAFTA deadline

Though, one of the senior USA administration officials who briefed reporters on background Sunday night described Canada's concessions on dairy as "a big win" for American farmers. The goal was to "modernize" the trade pact, with U.S., Mexican and Canadian. Other top Mexican officials also welcomed the deal. Chapter 19, the dispute resolution m...

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  • East Alabama loses bid for Air Force training jet
East Alabama loses bid for Air Force training jet

This new aircraft will provide the advanced training capabilities we need to increase the lethality and effectiveness of future Air Force pilots. Landing big defense contracts had been hard for Boeing , but Leanne Caret , the chief executive of Boeing's Defense, Space & Security since February 2016, has helped the company win more contrac...

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  • Facebook discloses network breach affecting 50 million user accounts
Facebook discloses network breach affecting 50 million user accounts

Access tokens are the digital keys that keep users logged in to an account, negating the need to enter their passwords every time. Facebook says it has fixed the vulnerability, informed law enforcement and is reviewing its security. "We haven't yet been able to determine if there was specific targeting" of particular accounts, Guy Rosen , Fa...

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  • Chrystia Freeland Postpones UN Speech As NAFTA Negotiations Intensify
Chrystia Freeland Postpones UN Speech As NAFTA Negotiations Intensify

Canada is represented by a team of NAFTA negotiators led by Foreign Affairs Minister Chrystia Freeland. Trump also claimed that he turned down a meeting with Justin Trudeau to discuss the prospects of a deal "because [Trudeau's] tariffs are too high and he doesn't seem to want to move - and I told him: 'Forget about it'".

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  • National Coffee Day: Where To Find Deals Today
National Coffee Day: Where To Find Deals Today

If you are anything like us, you love coffee. Whether you like your coffee hot or cold, there's a deal for you. In honor of National Coffee Day on September 29, chains like Krispy Kreme and Dunkin' Donuts are serving up some great deals.

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  • Trade war may boost Chinese economy & hurt U.S. growth
Trade war may boost Chinese economy & hurt U.S. growth

President Xi Jinping's administration has this year announced a series of measures to open up the Chinese market to outside competition but none addresses US complaints that the government steals or pressures foreign companies into handing over technology.

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