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Buck a beer by Labour Day weekend, Doug Ford announces

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The province's move to try and roll back prices at a time when the cost to produce beer is at an all-time high is puzzling to many across the province. "When you go out and you buy your case of beer for weekend, you're not going to be paying the same price; you're going to be paying less". Taxes on alcohol sales in Canada have been steadily increasing for decades, with the most recent hike happening in April 2018 when the federal government raised taxes on local and imported beer by two per ... Read More »

China hits back at USA with $60bn tariff threat

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China's finance ministry said duties ranging from 5 per cent to 25 per cent would be levied on 5,207 kinds of imports from America if the United States implemented its proposed taxes on another $200bn of Chinese goods. Washington imposed 25 per cent duties on $34 billion of Chinese goods on July 6 in response to complaints Beijing steals or pressures companies to hand over technology. Read More »

Barack and Michelle Obama start hiring for their Netflix project

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It is a commemorative holiday rather than a state holiday, meaning that schools and government workplaces will stay open. "Happy birthday Mr. President", wrote one user. Bruce Rauner signed the bill into law in 2017. "I don't think it should be a formal holiday with paid, forced time off, but I think it should be a day of acknowledgment and celebration". Read More »

Dead fetus found on commercial plane landed in NY from Charlotte

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The fetus was believed to be five or six months along. The fetus was found inside the plane's lavatory early Tuesday morning and authorities were called around 6 a.m., according to WPIX . The incident did not have any "major impact" on the airline's morning operations, according to the station. "We will release cause and manner of death upon determination", a spokesperson with the medical examiner's office said. Read More »

Tesla trading halted after Elon Musk tweets about taking company private

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Tesla CEO Elon Musk , in true Elon Musk fashion, took to Twitter to think out loud about his electric auto business. While no final decision has been made, he suggested a buyout price of $420 per share. By going private, Tesla will lose that convenient source of financing, something that could cause massive headaches if the company continues to burn through cash as much as it has in recent years, Mr Ramsey said. Read More »

Facebook wants banks to share your personal finances

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And according to the Wall Street Journal-which first reported on Facebook's plans on Monday-the social media behemoth isn't the only tech company that wants access to Americans' financial data. Facebook has been trying for a long time to make its Messenger app a hub for commercial activity. The company is aiming to boost user engagement, particularly with its Messenger service, after Facebook lost more than $120 billion ins market value in a single day earlier this summer. Read More »

TMZ: NASCAR CEO Brian France arrested for DUI in NY

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France was held overnight in The Hamptons before being released just after 9 a.m. ET on Monday after his arraignment. "We are aware of an incident that occurred last night and are in the process of gathering information", it read. He stepped down as CEO so his son Bill France Jr . could take over. His lawyer referred reporters to a NASCAR statement on the matter. Once he was transported to a nearby police station, France was booked on DUI and "possession of a controlled substance in ... Read More »

President Donald Trump arrives in OH for rally

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President Trump speaks at a rally in support of congressional hopeful Troy Balderson in Lewis Center, Ohio. In a late-night tweet, Trump derided the intelligence of one of the nation's most prominent African-American men. Balderson, who polls have shown faces a tough battle against Democrat Danny O'Connor in a district where the GOP traditionally has dominated, was introduced by Trump to the crowd as "really smart" and a "really hard worker". Read More »

Crude palm oil futures gain 0.27%

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A general view shows the Bangchak oil refinery in Bangkok, Thailand, October 3, 2017. The price for Brent crude oil, the global benchmark for the price of oil, was down 1.75 per cent as of 9:20 a.m. "The increase in supply from OPEC seems to be real and it's already translating into an overhang in supplies of Brent", Marwan Younes, chief investment officer at commodities fund Massar Capital Management, said. Read More »

Ryanair Says Tomorrow's Strike Of Dublin Pilots Will Go Ahead

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Last night the company tweeted confirmation that pilots based in Belguim and Sweden have announced they will strike tomorrow week, the tenth of August, while unions representing pilots in Germany and the Netherlands have indicated they may strike on that date as well. Read More »

United States jobs growth slows more than expected in July

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Wages have remained in a holding pattern below the highs of the last expansion, despite persistent complaints from employers that they're struggling to find skilled workers and job openings near a record high. With rising gas prices pushing up inflation, Americans actually saw their inflation-adjusted pay decrease in the past year. President Donald Trump's administration has imposed duties on steel and aluminum imports, provoking retaliation by the United States' trade partners, including ... Read More »

China vows to safeguard Iranian nuclear deal

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The Iranian rial has dropped to a record low amid growing concerns about renewed USA sanctions, which kick in on Monday. The oil market has been speculating about how much of Iran's exports could be eroded by the US sanctions, with analysts from BMI Research to Mizuho Securities predicting that China might boost its imports of cheap supplies from the state and offset cuts by other nations. Read More »

RBI rate hike a 'win-win' situation for markets, banks: SBI report

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With expectations of a rate hike nearly entirely priced into the market, investors are mostly focused on what message the Monetary Policy Committee sends on Thursday about its intentions for further increases in borrowing costs. The influential think tank said: "The committee should emphasise the uncertainty (rather than the certainty) of its future policy stance in its communications and its willingness to reverse its decisions". Read More »

Apple becomes first U.S. company worth $1 trillion

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Along with strong iPhone sales, Cook credited Apple's continued success on its healthy services business and robust "wearable" sales. Apple was founded in the late 1970s by Steve Jobs and went public in 1980 after helping usher in the era of the personal computer. Read More »

Parts of Spain and Portugal braced for 47C heatwave

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Temperatures in Spain and Portugal soared to near record highs on Friday as part of Europe's heatwave and governments put emergency services on alert for forest fires. 'More of the hot air around Portugal is coming to Britain via the Bay of Biscay, with 30C at the weekend, Monday at 31C, and Tuesday having an upper temperature boundary of 34C'. Read More »

Khabib vs McGregor set for October 6

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The last time McGregor was in the Octagon, he scored a 2nd round knockout over lightweight champion Eddie Alvarez to become the first fighter to hold two world titles simultaneously. UFC lightweight Dustin Poirier chats with Brett Okamoto about the decision of waiting on a potential title shot in favor of taking on Nate Diaz at UFC 230 in November at Madison Square Garden. Read More »

China unveils retaliatory tariffs on $60B of United States goods in latest salvo

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Washington imposed 25 percent duties on $34 billion of Chinese goods on July 6. "China's economy is on track to slow this quarter and next", said Julian Evans-Pritchard, senior China economist at Capital Economics in Singapore. "Given the scope of the products covered, about half of all imports from China are facing tariffs, including consumer goods", Ennis said. China's reaction remains uncertain, however, which introduces a unsafe element into the escalation strategy and means it ... Read More »

Pompeo Renews Calls for the Return of American Pastor Imprisoned in Turkey

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The United States and Turkey have agreed to work closely to resolve issues between them, Turkish Foreign Minister Mevlut Cavusoglu said on Friday, following what he said was a "constructive" meeting with Secretary of State Mike Pompeo. "We have said from the start that the other side's threatening language and sanctions will not get any result". "We call on the USA administration to walk back from this wrong decision", it said in a statement on Wednesday. Read More »

Apple becomes world's first trillion-dollar company

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Apple , which has seen its stock surge more than 50,000% since its stock market listing in 1980, has struggled to produce a product that replicates the success of the iPhone . It now makes about $10bn every three months from services such as selling apps, cloud storage and music streaming. Apple also released a kit for developers to create augmented-reality experiences on iPhones or iPads, saying that "overnight iOS became the biggest AR platform in the world". Read More »

China calls on U.S. to be ‘cool-headed’ in trade war

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Trump's tariffs target goods the White House says benefit from industrial policies such as "Made in China 2025", which calls for developing Chinese competitors in robotic, artificial intelligence and other fields. "The implementation date of the taxation measures will be subject to the actions of the U.S., and China reserves the right to continue to introduce other countermeasures", China's Ministry of Commerce said in a statement . Read More »

Wisconsin's 5-day sales tax holiday begins

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Sunday, Aug. 5. From Friday through Sunday, clothing items costing less than $75 per item and school supplies costing less than $20 per item will be tax-free. Pinson said this weekend is good exposure for OH - a lot of surrounding states participate in the tax free holiday . South Carolina, however, has continued with the annual weekend since it started in the early 2000s - and now it attracts many shoppers from North Carolina. Read More »

Bank of England raises Bank Rate to 0.75%

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This affects 3.5 million households in the United Kingdom who are on a standard variable or tracker rate mortgage, meaning someone paying a £200,000 mortgage will pay around £300 extra a year - that's £25 more a month. One of them (a private sector bank) is mired in a huge controversy relating to governance and conflict of interest. Mark Carney's press conference will also be of interest, particularly if the governor provides an update on the equilibrium rate of United Kingdom interest ... Read More »

Apple is world's first trillion-dollar company

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The tech newswire lit up today with reports claiming Apple merely had to hit $207.05 per share to reach this milestone. How do you like them apples? Jobs' biggest consumer devices were the iPod, the iPhone, and the iPad, released in 2001, 2007, and 2010, respectively. Read More »

Tesla hit major Model 3 production milestone in Q2 2018

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Tesla only had to burn through $430 million worth of its unrestricted cash reserves. And not only was the company's outlook more muted, so was CEO Elon Musk . But the company burned through only about $430 million of its cash on hand, leaving it with $2.8 billion in its reserves. In June, Musk said the company would reduce costs by laying off 9 percent of its workforce. Read More »

Japan's rate decision lifts bonds, shares under tech cloud

Markets reacted to the dovish monetary policy statement by pushing 10-year Japanese yields down by 4 basis point to 0.05 percent and the yen weakened slightly against the United States dollar. The estimate for fiscal 2019 was cut to 1.5%, from 1.8%, while fiscal 2020 was trimmed to 1.6%, from 1.8%. The officials have also revised their inflation outlooks downward. Read More »

Turkish court rejects US pastor's appeal

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Under the sanctions to be imposed by the Treasury Department, any property, or interest in property, belonging to Justice Minister Abdulhamit Gul or Interior Minister Suleyman Soylu within USA jurisdiction would be blocked. Speaking to reporters on Wednesday, Ms Sanders said: "We've seen no evidence that Pastor Brunson has done anything wrong". He faces up to 35 years in jail if found guilty. Read More »