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Trump withdraws endorsement of G7 joint statement, slams 'weak' Trudeau

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The Prime Minister's Office responded by saying Trudeau has been consistent with Trump . Trump, who attended the day one of the summit pitched the idea of discarding all tariffs and trade barriers between the USA and its G-7 allies. Prime Minister Justin Trudeau is hosting the world's most powerful countries at the two-day summit in La Malbaie , in Quebec's Charlevoix region. Read More »

Japan Q1 GDP Unrevised, -0.2% On Quarter

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But Japan's reliance on exports may be perilous going forward as Group of Seven tensions heat up over U.S. President Donald Trump's recent imposition of steel and aluminum tariffs. Under Prime Minister Shinzo Abe, Japan's economy had been relatively healthy in recent quarters, boosted by free lending and a government program created to fight deflation, a continual decrease of prices. Read More »

New Jersey Powerball winner takes lump sum, quits job

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Tayeb Souami came forward Friday to explain how he bought the winning ticket at a Shoprite in Hackensack. A lottery official confirmed the victor is from northern New Jersey but didn't say where. He has two children. He refinanced his house in order to send his 17-year-old daughter to college, he said, and had received the check just a week before winning. Read More »

Oil prices extended losses after JP Morgan cuts forecast

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In 2017, world crude oil production declined by 701,000 barrels per day, or 0.9 per cent, as compared to 2016, to reach 74.69 million barrels per day, marking the first yearly decline since 2009. As investors digest the signals of increasing supplies from Saudi Arabia and Russian Federation, and the U.S.is said to back the idea , futures have slumped 9 percent in less than three weeks. Read More »

Kia unveils new Niro EV at Busan International Motor Show

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Kia's forthcoming electric Niro SUV will offer a range of up to 280 miles when it launches in the United Kingdom next year, according to details released at the Busan International Motor Show in Korea. Inside, it comes a seven-inch touchscreen infotainment system, but comes with EV-suited features, such as enabling owners to find charging points and monitor the level of charge and range. Read More »

BT boss Gavin Patterson to step down

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The Board expects to have a successor in place during the second half of the year and until such time Gavin will continue to serve as Chief Executive. The company said he would "not now be receiving the 2018 incentive share plan award", which was set out in the latest annual report. He had missed out on a bonus in the previous year after a number of setbacks. Read More »

Coles evacuated as floor collapses

A structural engineer and builder were at the scene to asses possible causes by 1pm. Shoppers were ordered out and cars had to be moved but the auto park has since been closed off as the cause of the collapse is believed to be a vehicle colliding with a pylon. Read More »

U.S. Says It Reclaimed Supercomputer Crown From China

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Although the USA is touting Summit as the world's fastest supercomputer, the official rankings won't be out until later this month, when the organizers behind the Top500 list update the index. Summit operates at a speed of 200,000 trillion calculations per second-or 200 petaflops in computer science lingo. Why this matters: Topping the supercomputing charts isn't just a matter of national pride. Read More »

Melbourne To Perth Flight Diverted After Passenger 'Threatened To Kill Everyone'

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Witnesses told ABC that many passengers, including children, were frightened by the outburst. Passengers on a Virgin Australia flight were given a fright when a woman loudly threatened to kill people unless pilots landed the plane. Virgin Australia aircraft pictured at Melbourne's Tullamarine International Airport, Australia, October 12, 2016. The aircraft of the airline Virgin Australia made an emergency landing at Adelaide airport (South Australia) due to threats of one of the ... Read More »

KFC to test vegetarian fried chicken

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Almost four decades after the death of the man who founded the Kentucky Fried Chicken fast-food chain, KFC is devising a fake meat version with the colonel's tightly held original recipe of 11 herbs and spices. Taco Bell, for instance, has long offered beans as a vegetarian filling. Burger King also offers alternative options such as a Morningstar veggie burger, vegan apple pie, and vegan French toast sticks. Read More »

Argentina strikes $50 billion financing deal with International Monetary Fund

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It has indicated it plans to draw on the first tranche of the programme, after which it would treat the loan as precautionary, the government said in a statement . Since May 14, it had offered to sell $5 billion at 25 pesos per dollar. Thousands have joined in protests against Macri's move to get International Monetary Fund financing as well as his government's belt-tightening measures, including the elimination of subsidies for utility rates. Read More »

Victim forgives food cart owner accused of assault

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She said that the cart operator sprayed the black woman with hot sauce and continued to insult her. The bottle of Gatorade El Masry threw knocked the phone out of Washington's hand and hit her in the chest, she said. As Washington continues to wrap her mind around what happened, she hopes others will continue to speak up. "I want people to know it's not OK and we don't have to accept anyone calling us out of our name or someone mistreating us period". Read More »

Tyson Frozen Chicken Recalled Due To Possible Plastic Contamination

Tyson Foods is recalling about 3,120 pounds of frozen breaded chicken products that may have been contaminated with blue and clear soft plastic, the U.S. The FSIS said some of the chicken could be stored at food service institutions, as opposed to homes, and urged the locations not to serve the chicken. Read More »

China's ZTE to pay USA $1 billion fine to escape 'death sentence'

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The ban, which traces back to a breach of the US embargo on trade with Iran, had prevented China's second largest telecoms equipment maker by revenue from buying the USA components it relies on to make phones and other devices. Yin blamed the incident on a few company leaders and employees, noting that ZTE paid a "disastrous price" for a ban that resulted in "huge losses for the company". Read More »

G7 summit fails to heal trade rift as Trump stands alone

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Merkel's proposal was strongly supported by other leaders at the meeting, the official said , adding that European Commission President Jean-Claude Juncker said he was ready to invest personally in it. To United States, frankly, it would be a good thing but I'm not looking to do that. Trump also defended his recent imposition of punishing steel and aluminum tariffs was based on legitimate national security concerns, and said he stood firm against the concerns of his fellow G7 leaders during ... Read More »

Trump, G6 leaders exchange barbs

Despite weeks of harsh rhetoric aimed at European Union leaders, an upbeat President Trump said Friday that he and America's closest allies had made progress on the first day of the G7 meeting in Canada. "The EU trade surplus with the United States is $151bn, and Canada keeps our farmers and others out". White House Economic Adviser Larry Kudlow, who was invited by Trump to speak from the same podium, described the comments as Trump's "free trade proclamation". Read More »

Lotto Max: Jackpot and eight Maxmillions prizes won in Quebec

OLG said in a release the winning Encore ticket was sold in Friday's Lotto Max draw. In case you're unfamiliar with the process, Lotto Max draws happen every Friday, and tickets cost $5 each. A million-dollar Encore prize ticket was sold in Sudbury. Purchased in Drummondville, the winning ticket was sold to a group of 10 people, who will spilt the prize - $6 million apiece. Read More »

The U.S. strikes a deal with Chinese electronics giant ZTE

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Ross called ZTE's actions a "world-class embarrassment", and said that the USA deal with ZTE imposes the "most strict" compliance ever on any company. Chinese President Xi Jinping personally intervened with US President Donald Trump , who instructed Ross to find a solution. The decision to lift the ban has faced sharp criticism from USA politicians, including from some Republicans, who view the telecoms company as a national security risk. Read More »

Today's Hot Stock Under Review - Baxter International Inc., (NYSE: BAX)

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Janney Montgomery Scott reported 547,056 shares. 1832 Asset Mgmt Limited Partnership owns 233,000 shares. This public company's stock also has a beta score of 0.95. The government should immediately table details of the "Kinder Morgan bailout", B.C. New Democrat MP Nathan Cullen said in the House of Commons, complaining it is paying too much. Read More »

Production version of Porsche Mission E to be called 'Taycan'

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Prototypes of the Taycan electric saloon have been undergoing development testing for several months. The Taycan will likely share its bones with the Audi e-tron GT (but not the Audi e-tron), and will take head on the Jaguar I-Pace, Tesla Model S , and others in a quickly growing luxury electric vehicle movement. Read More »

Verizon announces CEO succession plan NYSE:VZ

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Hans Vestberg said in an interview the No. 1 US wireless carrier would keep pursuing its current 5G strategy but he did not "see anything new on the horizon" to pursue media content. Verizon executive Hans Vestberg speaks during a panel discussion on 5G wireless broadband technology during the 2018 CES in Las Vegas, Nev. on January 10, 2018. Read More »

Newfoundland and Labrador's Tim Hortons restaurants celebrating Camp Day

Every week we will be giving away 25$ gift card to Tim Horton's if you can share your "bits of wisdom" about the D. "It's important to give back to the community and help kids that might not be able to go to camp", said firefighter Tyler Bruce, who accepted donations from customers at the drive-through in downtown Campbell River. Read More »

Harvey Weinstein pleads not guilty to charges of rape, sex assault

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Detectives found little physical evidence of an attack and have been unable to secure proof that Weinstein was at the hotel when the woman says the rape occurred. Mr. Weinstein was indicted by a grand jury [VIDEO ] and appeared in front of a judge in NY on Tuesday. To date, almost 90 women have come forward to accuse Weinstein of sexually harassing or assaulting them. Read More »

Trudeau, Macron Say Trump Tariffs Are Illegal And Bad For Everyone

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Asked by reporters whether he would relent on tariffs, Trump looked at Merkel and said: "I don't know". This year's G7 summit comes at a time, when leaders of seven major economies view the current worldwide order as a historic division between Washington and its major allies in North America, Europe and Asia. Read More »

Thousands of Poundworld jobs at risk as owner looks to appoint administrators

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It is reported it will appoint Deloitte as administrators. Private equity firm Alteri Investors, whose website says it specialises in "challenging retail situations", was in advanced discussions with Poundworld's owner TPG. Poundworld was acquired by TPG Capital for £150m in 2015 but it has struggled in the wake of the Brexit blow to sterling that pushed up the cost of imported goods. Read More »

China offers to buy US$70b in United States goods

Imports rose 26 per cent from a year ago to $187.9 billion, up from April's 21.5 per cent growth, customs data showed Friday. Beijing in recent weeks extended an olive branch, announcing plans to increase purchases from overseas and reduce tariffs on automobiles and some consumer products ranging from food and cosmetics. Read More »

Macron Meeting At G-7 Scrapped - At Least For Now

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The White House said he would leave the two-day summit in Canada four hours earlier than originally planned. But Russia appeared to turn down Trump's suggestion. "I think we would be making an error if we said we are ready to give up everything, not to talk about the Paris Accord or climate, or trade, just to have that signature". Read More »

TSB chief under pressure to quit after rebuke from MPs

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The influential Treasury Select Committee today said it has "lost confidence" in TSB chief executive Paul Pester, heaping pressure on him following a heavily criticised response to the bank's IT meltdown. In a reply to Morgan, Meddings said the bank had "made good progress in resolving the recent IT issues, and TSB is now functioning at, or close to, normal for the majority of TSB customers". Read More »

China May exports rise 12.6 pct, imports up 26 pct

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And the trade balance with Canada fell back into deficit at -$0.8 billion versus the prior $0.3 billion surplus. Exports of metal and non-metallic mineral products, consumer goods and energy products were up in April, partially offsetting lower exports of aircraft and other transportation equipment and parts. Read More »

Apple expected to order fewer iPhone devices in 2018

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In March, Morgan Stanley said it expected more than half of Apple's revenue growth over the next five years to come from services . "At least part of this lower order forecast probably relates to Apple just being a little more realistic". Read More »

Oil gains on Venezuela export cuts, OPEC production levels

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The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter. A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. Read More »

Trump falsely accuses Canada of burning down White House

Trump heading to Quebec for the meeting with the leaders of the other so-called G7: Canada France, Germany, Italy, the United Kingdom, and Japan. The US president has frosty relations with Canadian Prime Minister Justin Trudeau , the summit host. Read More »