• Canadians duty-free limit increases to $150 following USMCA deal
Canadians duty-free limit increases to $150 following USMCA deal

The new deal-the United States-Mexico-Canada-Agreement-replaces the Clinton-era NAFTA . Canada and Mexico are our two largest export markets. The U.S. "You can bet the ask is going to be significant here", said Martha Hall Findlay, chief executive officer of the Canada West Foundation in Calgary. "If I tell you that you are going to lose som...

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  • Cut in petrol, diesel prices shows government's sensitiveness: Shah
Cut in petrol, diesel prices shows government's sensitiveness: Shah

The minister also maintained that Thursday's decision did not represent a re-regulation of fuel prices. This will reduce the overall price by about Rs 5. Following the Centre's appeal, several State governments including Tripura, Maharastra, Chhattisgarh, Jharkhand and Gujarat announced to provide give additional relief of Rs 2.50 per litre on pet...

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  • Trump told Saudi King he wouldn’t last ‘2 weeks’ without United States support
Trump told Saudi King he wouldn’t last ‘2 weeks’ without United States support

The US military was stationed in Saudi Arabia from the first Gulf War against Iraq in 1990 to 2003, when then Secretary of Defense Donald Rumsfeld announced pullout. Kazempour Ardebili, Iran's representative on OPEC's board of governors, said that USA sanctions on Iranian oil were "impossible", and called on Trump to return to the nuclear deal ...

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  • Musk tells Tesla employees to prove 'naysayers' wrong
Musk tells Tesla employees to prove 'naysayers' wrong

Tesla did not maintain that pace, but production was still high enough to keep the company on track to turn a sustained profit for the first time . Tesla CEO Elon Musk urged employees to "go all out" in the final day of the third quarter, as the electric-car maker pushed to meet ambitious production goals for the Model 3.

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  • Elon Musk to give up role of Tesla chairman
Elon Musk to give up role of Tesla chairman

Investors are cheering Tesla's deal with the SEC that keeps Elon Musk as the CEO . He added, "To be certain, we must execute really well tomorrow". Neither Tesla nor Musk admitted wrongdoing under the settlement , which was reached two days after the regulator sued the billionaire over his tweeted claims to have had the funding and in...

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  • New California internet neutrality law sparks U.S. lawsuit
New California internet neutrality law sparks U.S. lawsuit

Ajit Pai, the Trump-appointed head of the FCC who was responsible for the repeal of these federal-level laws in June, reaffirmed the preemption of federal law against state regulation. "The facts and logic that 8th Circuit ruling appear closely analogous the DOJ vs. California net neutrality case, so we would anticipate a federal appeals court re...

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  • Toronto law firm hits Facebook with class action lawsuit after security breach
Toronto law firm hits Facebook with class action lawsuit after security breach

Here's why it matters to you. Rosen also said Facebook was unable to determine the extent to which third-party apps could have been compromised. Although Facebook acted swiftly on Thursday to address the three vulnerabilities in its video uploader which hackers exploited to grab account access tokens, the bugs themselves had been left undis...

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  • John Flannery ousted at GE after less than 2 years
John Flannery ousted at GE after less than 2 years

More than 90 percent of the transactions Culp oversaw at Danaher were company takeovers, according to data compiled by Bloomberg . The shares climbed 15 per cent to US$12.95 in NY premarket trading Monday. Flannery, promoted from his most recent job as GE's health care division chief last summer, spent more than 30 years at the company. In t...

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  • Canada's Freeland Postpones UN Speech With Nafta Talks Under Way
Canada's Freeland Postpones UN Speech With Nafta Talks Under Way

Ottawa is also seeking assurances that the United States will not, after signing a new NAFTA deal, turn around and hit Canada with punitive auto tariffs. Mexico on Friday evening will publish the text of its trade agreement with the US, giving the public its first in-depth look at a deal that would replace NAFTA - and potentially exclude Canada, ...

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  • Another hairpin turn for Tesla as stock dives on SEC charge
Another hairpin turn for Tesla as stock dives on SEC charge

Tesla Inc's ( TSLA .O) Elon Musk could settle with US regulators who have sued to remove him from the electric carmaker's leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent.

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  • Tesla Model 3 Exploring All Options To Speed Up Deliveries
Tesla Model 3 Exploring All Options To Speed Up Deliveries

Tesla Inc is making its own auto carriers, as the electric automaker deals with vehicle distribution problems. A report from Inside EVs hit a similar note when it spoke of a Jaguar dealership near a Tesla store, where "the employees were dumbfounded at the number of trucks arriving to drop off fresh batches comprised mostly of the Model 3 "....

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  • Oil hits four-year high as OPEC, allies maintain supply cut
Oil hits four-year high as OPEC, allies maintain supply cut

The OPEC monopoly must get prices down now!" As new United States sanctions against Iran come into force on November 4, importers would find it harder to buy oil from Tehran. The kingdom does expect to pump more in September and increase again in October, he said, without pledging specific volumes. Now, however, Iran's OPEC governor, Ho...

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  • Canada NAFTA fight set to run past latest deadline
Canada NAFTA fight set to run past latest deadline

The President imposed tariffs on steel and aluminum from Canada and Mexico in June, and has threatened to bring in additional duties on imported autos as well. Ford is looking at speeding up plans to build more Lincoln models in Chinese plants amid the growing trade war with the United States that has made USA exports less attractive, a senior exec...

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  • Instagram co-founders to leave Facebook amid reported tensions with Mark Zuckerberg
Instagram co-founders to leave Facebook amid reported tensions with Mark Zuckerberg

In a statement on Monday, they said they were taking time off to explore their "curiosity and creativity" and start "building new things". However, as per TechCrunch report , tensions between Instagram co-founders and Facebook leadership has only grown in recent times .

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  • Porsche announces it will no longer produce diesel models
Porsche announces it will no longer produce diesel models

The company is keen to point out that they're not "demonizing diesel " but rather responding to the market. Porsche has sold diesel versions of its cars for almost a decade. "Still, Porsche's image has suffered ". This push for green may be in part thanks to a more public understanding of the effects of the automobile industry on climate ...

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  • Oil prices at four-year high after OPEC rebuffs Trump
Oil prices at four-year high after OPEC rebuffs Trump

Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic's oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.

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  • Chinese premier slams 'unilateralism' in trade disputes
Chinese premier slams 'unilateralism' in trade disputes

Trump has also complained about America's gaping trade deficit - $336 billion previous year - with China, its biggest trading partner. China's Finance Ministry said its tariff increases are aimed at curbing "trade friction" and the "unilateralism and protectionism of the United States".

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  • Trump raises stakes with new round of China tariffs
Trump raises stakes with new round of China tariffs

The US and China have already placed penalties of $50 billion on each other's goods, with Beijing focusing on agricultural goods like soybeans, pork and dairy products that affect American farmers, who represent much of Trump's political base.

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  • Coca-Cola Considering Cannabis Beverages
Coca-Cola Considering Cannabis Beverages

According to the Metro , Aurora Cannabis is Canada's third biggest producer of the substance and the company confirmed it was in talks with Coca-Cola concerning cannabis infused drinks. "I can't imagine they're doing it just for the 35 million people in Canada, they clearly have an eye on the USA market", said Krane. If the deal comes through, ...

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  • U.S. to spare some Apple products from latest China tariffs
U.S. to spare some Apple products from latest China tariffs

Only last week, Beijing said it welcomed overtures from U.S. officials offering to re-start trade talks, but press reports indicate China would call off any meetings if the new punitive duties take effect. The Chinese government may decline to participate in proposed trade talks if the Trump administration moves forward with additional tariffs, th...

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"Saudi Arabia, UAE Turning OPEC Into A US Tool", Says Iran

When Iran faced its toughest worldwide sanctions between 2012 and 2015, analysts say it found a number of creative solutions, from repainting and renaming ships to switching off their tracking devices. Another factor that undercuts the argument of a tightening market is waning demand, and the IEA noted that the demand outlook for this year and ...

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  • Hong Kong and China on highest storm alert as typhoon approaches
Hong Kong and China on highest storm alert as typhoon approaches

While the storm has weakened, a T8 warning was still in place into Sunday evening - meaning that winds with speeds of about 63 kph were expected. "Each department must have a sense of crisis, make a comprehensive assessment and plan, and prepare for the worst".

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  • China will not
China will not "surrender" to United States demands in trade talks

Officials are reportedly still working on the final list of products. He also made it clear he was ready to impose tariffs worth $200 billion on goods "very soon" if President Xin Jinping's government refused to back down. The US President Donald Trump said Washington is under "no pressure" to achieve a trade deal with China as the prospect...

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  • Trump and Obama spar over economy as midterm polls near
Trump and Obama spar over economy as midterm polls near

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel . "The Economy is sooo good, perhaps the best in our country's history", Mr Trump tweeted on Monday, adding moments later that he had taken gross domestic product (GDP) growth over 4.2 per cent "and we will do much better than this".

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  • Trump warns further China tariffs 'ready to go'
Trump warns further China tariffs 'ready to go'

China will be forced to take necessary countermeasures if the United States insists on imposing new tariffs on $ 200 billion worth of Chinese goods despite strong opposition from both countries, the Ministry of Commerce said on Thursday. Given the smaller amount of goods China imports from the United States on which it could slap duties, Beijing h...

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  • 10 attacks Obama unleashed on Trump, GOP in midterm speech
10 attacks Obama unleashed on Trump, GOP in midterm speech

Former President Barack Obama speaks to a full crowd at the University of IL campus in Urbana on Friday. "I want every single one of you to host events in your community to get registered and to get them fired up", she said in a conference call with organizers Wednesday, when she announced events she would attend later this month in Las Vegas an...

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  • Japan to halt Iran oil imports under US pressure
Japan to halt Iran oil imports under US pressure

Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of USA tariffs on another $200 billion of Chinese goods. Output was boosted by a recovery in Libyan production and as Iraq's southern exports hit a record. The increased volumes at the newly operational Umm Lulu ...

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  • Fuel prices hit record highs as Rupee slides, Opposition attacks government
Fuel prices hit record highs as Rupee slides, Opposition attacks government

The petrol prices in Kolkata and Chennai are Rs 82.22 per litre and Rs 82.41 per litre respectively. He also said that the factors responsible for drop in production of crude oil have caused a spike in fuel prices in India. "Secondly, global currencies have weakened against the United States dollar", he had said. Indraprastha Gas Ltd (IGL) has rais...

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  • Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate'
Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate'

Trump also canceled "locality" pay increases - adjustments based on where an employee lives and separate from the across-the-board increase scheduled for 2019- that he said would average 25.7 percent and cost $25 billion . It's not clear how much money the pay freeze would save. The salary freeze won't affect military personnel, who will still...

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  • Saskatchewan Premier Scott Moe urging feds to restart Trans Mountain project
Saskatchewan Premier Scott Moe urging feds to restart Trans Mountain project

Regulatory lawyer Bill Gallagher, the author of "Resource Rulers" and the upcoming book "Resource Reckoning", said today's ruling was a "benchmark" in the rise of what he called "Native empowerment" over natural resources in Canada. He says the federal government needs to make sure the project proceeds, but must also ensure it goes ahead in the rig...

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  • Trump freezes federal worker pay, citing 'serious economic conditions'
Trump freezes federal worker pay, citing 'serious economic conditions'

Scrapping the raises will save more than $25 billion, Trump said. That measure, along with increased spending under a new two-year federal budget and tax cuts enacted at the end of last year, have led to accusations Trump is ignoring the federal deficit, despite promising he would address it as president.

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  • Facebook Watch On-Demand Video Platform Rolling Out Worldwide
Facebook Watch On-Demand Video Platform Rolling Out Worldwide

That might seem a little stingy at first, but Facebook Watch potentially gives them access to an audience some 1.5 billion-strong. "We're expanding our Ad Breaks program so more partners can make money from their videos, and we're offering new insights, tools and best practices for Pages in Creator Studio", Simo said.

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  • Cohen's lawyer walks back claim Pres. Trump knew of Russia meeting
Cohen's lawyer walks back claim Pres. Trump knew of Russia meeting

Davis doubled down on social media, tweeting that Cohen had "decided to tell the truth about ( Trump ) and put his country first". "But I am not sure". "Just another phony story by the Fake News Media!" he tweeted. But as a long-serving employee in the Trump family business, he is rich repository of knowledge, and the idea of him answering ...

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  • Trump announces new U.S. trade deal with Mexico
Trump announces new U.S. trade deal with Mexico

Negotiations centered on revisions to portions of the 1994 North American Free Trade Agreement , notably those involving auto manufacturing, which President Donald Trump has criticized for their imbalances. A breakthrough between the USA and Canada on wages would be a big development, but Canada would still have to agree on that and all other is...

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  • Kalashnikov launches electric auto
Kalashnikov launches electric auto

Russian arms maker Kalashnikov has launched a concept electric auto inspired by a rare 1970s model, claims that the new technology will rival Elon Musk's Tesla. It is also noted that on 7 August, the founder of Tesla have published several reports about the possible withdrawal of the company from the stock exchange in his microblog on Twit...

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  • Verizon statement on California wildfires and hurricane in Hawaii
Verizon statement on California wildfires and hurricane in Hawaii

The controversy began this week when a coalition of Democratic state attorneys general asked a federal appeals court to block the Federal Communications Commission (FCC) from overturning its 2015 net neutrality rules. "We stand united and will work together to ensure this unsafe practice of throttling first responders will never happen again here i...

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  • US President Donald Trump says his impeachment would 'crash' the economy
US President Donald Trump says his impeachment would 'crash' the economy

As per a report in The Independent , Cohen stated in the court during his guilty plea that Trump was involved in campaign finance violations. Because the hush payments were meant to influence the outcome of the elections , they violated United States laws governing campaign contributions, making Trump an - as yet - unindicted co-conspirator.

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  • USA prosecutors grant Trump Organization CFO immunity in Cohen probe
USA prosecutors grant Trump Organization CFO immunity in Cohen probe

The Cohen investigation was referred to federal prosecutors in NY by USA special counsel Robert Mueller , who is looking into Russian interference in the 2016 election and possible co-ordination between Trump's Republican campaign and Russian officials.

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  • Trump's Fed attack sees US dollar dive
Trump's Fed attack sees US dollar dive

USA central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve's last policy meeting showed on Wednesday.

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  • Tesla's Elon Musk Confesses the 'Worst Is Yet to Come'
Tesla's Elon Musk Confesses the 'Worst Is Yet to Come'

Board members, lawyers and the bankers who get overpaid to rubber-stamp the initiatives of impetuous guys like Musk are understandably miffed that they weren't consulted, before he tweeted the world about going private . "It seemed like better karma at 420 dollars than at 419 dollars", he said in the interview. The company and those close to h...

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