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Local GM plants not shutting down

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Ford says the province has called on the federal government to extend employment insurance eligibility by five weeks to a maximum of 50 weeks. "We're going to continue to explore all opportunities that allow us to be more efficient with our investments, more efficient with our capital", she said. Read More »

EURUSD Turns Higher But The US Dollar Remains Bullish

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Powell's remarks saw the USA dollar slump against all major currencies, especially those in emerging markets as well as the Australian and New Zealand dollars. 29, 2018. The neutral level for interest rates is the point where they don't add or detract to economic activity. The higher the interest rate, the greater the cost to pay off credit. Read More »

Trade and security lead Trump's ambitious G20 agenda

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The G20 meeting is probably the last opportunity to avert an escalation of trade hostilities that are slowing China's economy and starting to have repercussions in the US. China will have to give way on "fairness and reciprocity", he said, warning that U.S. concerns over intellectual property theft and China's forced technology transfers "must be solved". Read More »

Microsoft, Apple battle to be most valuable United States company

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Today, Microsoft became the most valuable company in the world, surpassing Apple for the first time in years. Microsoft shares rose more than 3 percent as US markets and large cap tech stocks shook off recent losses. At least where money is concerned, the Microsoft vs. Apple rivalry is as fresh as ever. While Apple analysts see it transitioning to a business model based more on services than unit sales, there could be more pain ahead for the stock, which could dethrone it from the ... Read More »

Trump threatens to cut off GM subsidies over job cuts

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Four factories in the USA and one in Oshawa, Ont. could be shuttered by the end of 2019 if the automaker and its unions don't come up with an agreement to allocate more work to those facilities, GM said in a statement Monday. Trump's threats come 16 months after Trump visited OH, a state he won in the 2016 election by more than 8 percentage points, and promised residents that their jobs are "all coming back". Read More »

Trump doesn't believe his own govt's climate warning

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Maine Republican Sen. Susan Collins, representing a state where the lobster industry has been affected by warming seas, said on Twitter the report "should cause all of us, including the Administration, to take a harder look at the consequences of inaction & use what is known about climate risks to inform policy". Read More »

Apple facing 10% increase in products price ahead of US-China summit

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Additionally, existing USA duties on Chinese imports are set to rise from 10 percent to 25 percent in January, affecting $200bn worth of imported goods. "We are seeing a greater degree of stability in sterling, but it went below recent ranges on Trump's comments", said Neil Mellor, currency strategist at Bank of New York Mellon in London. Read More »

GM slashing 15% of its salaried workers in North America

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He says he told the company that the US has done a lot for GM and that if its cars aren't selling, the company needs to produce ones that will. Barra is also shifting resources toward building electric cars and, eventually, vehicles that drive themselves. Read More »

US, NATO Warn Russia of Potential Consequences for Attack on Ukrainian Navy

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Their statements come two days after Russian border guards fired at three Ukrainian navy vessels as they were trying to make their way through the Kerch Strait near Russian-occupied Crimea. "We're all working on it together", Trump told reporters. The countries have been at loggerheads since Russian Federation seized Crimea from Ukraine in 2014 and backed an insurgency in the eastern Donbass region that has killed more than 10,000 people despite a notional ceasefire. Read More »

GOP senator rebukes Trump: We need to 'consider further action' against Saudis

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Judicial authorities in Argentina are looking into whether they can press charges against Saudi Arabia's Crown Prince Mohammed bin Salman after he arrives in the country for the G20 summit , according to Human Rights Watch. - Saudi relations. Joni Ernst, R-Iowa, said Sunday. "If there are indicators that the prince was involved in this murder, then we need absolutely to consider further action", Sen. Read More »

Bitcoin (BTC) Price Dives 12%, Sentiment Sours

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Still, the total crypto market now stands at $127.8 billion, up from its yesterday low of $114.5 billion. As history has shown, the prevailing crypto market volatility has been experienced many times before, but sudden drops in value can catch investors off guard. Read More »

'You face a stark choice', Theresa May warns lawmakers over Brexit

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The EU withdrawal agreement: a 599-page, legally binding document setting out the terms of the UK's exit from the EU. "It would be a very big negative for the deal". The small Northern Irish party that props up Mrs May's Conservatives-led government has said it will vote against the draft Brexit deal . Prime Minister, speaking in Brussels , Belgium, after the decision, urged Leave and Remain backers to support the agreement because it sets Britain "on course for a prosperous future". Read More »

Follow these tips to get the most from Cyber Monday deals

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Cyber Monday is filled with great savings and sales, without the lines and occasional negativity that come with Black Friday . Shop at Target for 15% off: Target is offering 15% off hundreds of thousands of items on its website. Target was offering 30 per cent off on select toys, while Kohl's discounted Lego sets between 30 per cent and 40 per cent. Here are some of the best deals on electronics online to make your Monday shopping simple. Read More »

General Motors To Lay Off Nearly 15,000 Workers, Close Plants

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General Motors is to lay off 14,000 workers in North America and put five factories up for potential closure as it stops making some of its unpopular cars. The company has invested in newer architectures for trucks and SUVs so it can cut capital spending while still raising investment in autonomous and electric vehicles. Read More »

Black Friday shoppers wake up early to take advantage of holiday deals

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The result: For all of November and December, retail sales will reach $1.002 trillion, a 5.8 percent increase from a year ago and the first time they'll cross the $1-trillion mark, the research firm EMarketer estimates. "I'm concerned about where I'm going to get toys for the kids", she said. The biggest shopping day of the year, Black Friday, is here. "To me, that's a new level of shoppers paradise", one Black Friday shopper said. Read More »

Oil hits lowest in a year as Opec mulls output cut

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The fall is good news for motorists, after supermarkets Asda, Sainsbury's and Morrisons all passed on the drop by cutting prices at the petrol pumps. None of that is bullish for oil, which powers the world economy. Against that backdrop, the slowing pace of Chinese growth, and therefore energy demand growth, is a concern. "After all, it was in November and December 2014 when oil prices fell more or less to the same level where they are now", PVM's Varga said. Read More »

Liberals pass fast tracking motion on Canada Post back to work bill

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Palacek accused the government of supporting organized labour only when it's convenient and of doing Canada Post's "dirty work". "It's pretty upsetting that we have to go through this again", said Bradford. In 2011, the former Conservative government passed back-to-work legislation for Canada Post workers which was subsequently challenged on constitutional grounds. Read More »

Snow Storm Underway in Southern Iowa

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Part of Interstate 80 is closed in eastern Nebraska because of multiple accidents after snow blanketed the area. Four to six inches of snow are likely in Chicago, with between eight and 12 inches possible in the northwest suburbs, according to ABC7's forecast. Read More »

Platts Survey: Brent Oil Price To Average $75 Next Year

The stronger-than-expected growth in USA oil production is also contributing to the price decline. Oil eased off on some of its losses after the Wall Street Journal reported the Saudis and the rest of OPEC were negotiating a compromise that would cut output while still placating Trump. Read More »

EU, UK agree to 'ambitious' post-Brexit ties

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Ms May must show that she has left nothing on the table if she is to convince British members of parliament to ratify the deal in the coming weeks. A handful of tricky issues remain outstanding in the 20-page outline of the future trade and security agreement between Britain and the EU. Read More »

'So not lit': BC reacts to rideshare legislation timeline

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Michael van Hemmen, Uber's general manager of cities for Western Canada, said he has no idea why the province decided to make a Class 4 licence a requirement for ride-hailing drivers, particularly when other provinces allow people to use their regular licences. Read More »

1st LD Writethru: US stocks close sharply lower as retail, tech lag

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The Nasdaq, heavily populated with technology stocks, is off close to 5 percent. Amazon dropped to $1,509 and Nike slid 3.2 percent to $72.36. Investors looked for safer options. could be significantly limited in the way they export their technology". Bond prices fell. The yield on the 10-year Treasury note rose to 3.06 percent. Read More »

More people expected to travel for Thanksgiving

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Virginia: Nearly 1.4 million will be hitting the highways, an increase of close to 64 thousand more than in 2017. The Thanksgiving travel rush is on across central Virginia and the Shenandoah Valley, from the skies to the highways. They say people having more money and lower gas prices probably helped to boost travel for this year. With it being one of the busiest travel days of the year, Missouri state troopers said they want to remind drivers to be careful, slow down and to not drink and ... Read More »

You can now place Skype calls using Amazon Alexa

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To add Skype to Alexa , users will have to link their accounts in Alexa's settings . Amazon's new "Wake-on-LAN Controller" feature will let Alexa users power on TVs and other smart home devices that have gone into low-power mode and thus can't be reached via the cloud. Read More »

Spain’s PM threatens to vote against Brexit deal over Gibraltar

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Negotiators are hammering out details of a political statement on future UK-EU ties that will accompany the divorce deal, under pressure to put it together before member states' top diplomats meet on Friday. The prime minister has repeatedly said the choice is between her deal and no-deal. Opposition to the agreement is also building in the House of Commons in London , which will vote on the final Brexit deal, likely early next month. Read More »

Amazon Website Glitch Exposes Customer Names And Email Addresses

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The security lapse, which Amazon said it was working with law enforcement to investigate, similarly resulted in messages to customers indicating their email addresses had been exposed. It is not clear when Amazon's technical error occurred or how long customer data might have been exposed. A website error has caused a data breach for Amazon customers, disclosing their names and email addresses. Read More »

Inspectorate 'gathering more info' on romaine lettuce alert

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In a statement to Newsweek , a spokesperson for Albertsons subsidiary, Shaw's, said the grocery chain was removing any products containing romaine lettuce until the CDC announces it is safe. Centers for Disease Control and Prevention swiftly demanded that retailers and restaurants remove it from store shelves and stop including it in meals. Read More »