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Google to invest $550 million in Alibaba rival JD.com

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This includes USA and European markets, with products from the Chinese retailer appearing in relevant Google Search results. In recent months, Google has been making inroads back into the Chinese market through various deals and investments. Read More »

Virgin Money agrees £1.7bn takeover by CYBG

CYBG said the new firm would be a leading force in banking, "disrupting the status quo and championing customer service excellence". CYBG is offering Virgin Money's investors 1.2125 of its shares for each of their shares, meaning they would control 38pc of the combined company should the deal go ahead. Read More »

Tesco posts highest growth in seven years

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Forced to rebuild after a 2014 accounting scandal capped a dramatic downturn in trading, Tesco said a move to lower prices on fresh food, such as minced beef and potatoes, towards the end of its first quarter reflected a growing confidence in its performance. Read More »

Salmonella outbreak in USA linked to Kellogg's Honey Smacks cereal

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According to the CDC, New York reported the highest number of cases while California, Massachusetts, and Pennsylvania each have five cases. NY has reported seven cases, while California, Pennsylvania and MA have had five cases each. UPC codes can be found at the bottom of the box. CDC, public health and regulatory officials in several states, and the U.S. Food and Drug Administration continue to investigate this multi-state outbreak. Read More »

After 100+ flights canceled at NC airport, inbound flights held Sunday

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Yesterday evening, thousands of people were stranded at the Charlotte Douglas International Airport after a computer glitch shut down all flights in and out of Charlotte for over 12 hours. The backlog caused gate congestion and several inbound flights had to be delayed, which caused a chain reaction. The ground stop was lifted, but several passengers we talked to still had their flights canceled, causing more than a headache than anyone wanted on Father's Day. Read More »

CAUGHT ON CAMERA: Wendy's employee captures mice crawling on burger buns

As of Saturday, the restaurant was open to customers. "I was like what am I supposed to do with the buns and she's like take the stack, take it down and go use some other buns", said fellow employee Samantha Nibbelink. The discovery comes amid concerns of safety standards at the chain after cigarette butts were reportedly discovered in the food preparation area. They said it follows a rat found earlier in the month. Read More »

McDonald's plans switch to paper straws at U.K., Ireland shops

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Under pressure by environmentalists, McDonald's said Friday that it will start testing alternatives to plastic straws at select locations in the US later this year. Earlier in the year, the chain announced that it planned to source 100 percent of its packaging from renewable or recycled sources by 2025. It's believed the firm uses 1.2 million single-use plastic straws every day in Britain. Read More »

Japan suspends Canadian wheat sale after GMO wheat found in Alberta

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The agency was notified of the plants in January. GMO wheat plants are genetically modified to resist Roundup, a weed killer. "While genetically modified wheat is not approved for commercial use in Canada, the same genetically modified trait has been approved in canola, corn and soybeans for over 20 years", the CFIA said. Read More »

China Keeps Borrowing Costs on Hold for Now Following Fed Hike

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A Chinese national flag flutters outside the headquarters of the People's Bank of China , the Chinese central bank, in Beijing, China April 3, 2014. "Current economic growth still remains relatively steady, so I'm not sure whether monetary and financial policies will change overnight in response", said Yang Yewei, analyst at Southwest Securities. Read More »

Industrial production falls 0.1% in May

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Industrial output, a measure of everything produced by the nation's factories, mines and utilities, slipped 0.1% in May from April in seasonally adjusted terms, the Federal Reserve said Friday. Despite positive economic reports, the tariffs announced by the Trump administration have generated turmoil and uncertainty. The dispute could lead to higher prices and harm USA factories that depend on parts and raw metals from around the world, although Trump has said the moves will lead to a ... Read More »

AT&T closes $85.4bn Time Warner deal

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Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate's stock valued at $1,269,791,000 after buying an additional 1,695,787 shares during the last quarter. The fund owned 51,625 shares of the media conglomerate's stock after selling 4,535 shares during the period. Including net debt from Time Warner , we now have $180.4B in net debt. Read More »

Elon Musk's company to build airport express system for Chicago

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Musk and his company will raise the funds for the project and will not cost taxpayers a single penny, the mayor underlined. The proposal involves autonomous electric vehicles that transport up to 16 riders traveling up to 150 miles per hour between the two destinations in about 12 minutes, compared with the current 45 minutes to an hour for that trip on the existing subway system. Read More »

Canada Goose (GOOS) Price Target Raised to $58.00 at Canaccord Genuity

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Canada Goose Holdings Inc (TSE: GOOS ) had its target price hoisted by Royal Bank of Canada from C$25.00 to C$33.00 in a research note issued to investors on Monday morning. It has a 98.09 P/E ratio. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons. Employing more than 2,700 people worldwide, Canada Goose is a recognized leader for its Made in Canada commitment, and is a long-time partner of Polar Bears International. Read More »

Next Story Argentine government reassures investors amid peso fall

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Salvador said the depreciation of the peso was partly due to the increase o the interest rate by the U.S. Federal Reserve, and also because of internal variables in the domestic market. "This should steady the water a bit", said Salvador. Argentina's Finance Minister Luis Caputo was appointed to replace Federico Sturzenegger as the country's central bank president on Thursday, the government said. Read More »

Man suspected of defrauding more than 1,000 Walmart stores

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The report says police in Yuma, Arizona made the arrest after responding June 13 to a routine of fraudulent return call at a local Walmart. YPD suspects Frudaker removed parts of the computer before returning it. Frudaker was charged with six felonies, including two counts of theft, two counts of fraudulent schemes and artifices and two counts of criminal damage. Read More »

Rolls-Royce soars as it issues ambitious mid-term goals

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Credit Suisse Group lifted their target price on shares of Rolls-Royce from GBX 720 ($9.66) to GBX 785 ($10.53) and gave the company an "underperform" rating in a research report on Monday, March 26th. Council Leader Chris Poulter continued: "I have no doubt that this was an extremely hard decision for Rolls-Royce to make, and the Council will work with them moving forward". Read More »

IMF warns U.S. against protectionist trade policies

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During a press conference Thursday in Washington , D.C., Christine Lagarde , the IMF Director, said the tariffs will have wide-reaching impacts, especially if other nations impose retaliatory tariffs. This forecast would be just half of the 3 percent growth target that the administration has said will be produced with its policies. The IMF report was highly critical of Trump's trade policies in particular. Read More »

UK union wins right to push for recognition at Deliveroo

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High Court judge Ingrid Simler said Friday that the union could challenge the tribunal ruling. In the latest case concerning the so-called gig economy, the Independent Workers Union of Great Britain (IWGB) wants the court to overturn a ruling which confirmed the " self-employed " status of those working for the delivery firm. Read More »

William Shatner Starts Solar-Powered Bitcoin Mining Business

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Shatner, who is idolized by Trekkies the world over for his portrayal of James T. Kirk, Captain of the starship Enterprise, may not be quite as current on burgeoning technology today as he was back in the sixties when he was beaming people up with a tractor beam, but he knows a good idea when he hears one. Read More »

Bitcoin's rise could be due to price manipulation

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The war of words between the traditional financial institutions and cryptocurrency enthusiasts could be nearing an end after professors John Griffin and Amin Shams of the University of Texas Department of Finance published a paper that provides the most compelling opinion yet of the alleged link between a controversial "stablecoin" called Tether and the staggering price rises at the tail end of 2017. Read More »

How does it work — Universal Credit

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It was due to be in place by October 2017, but after a number of problems only around 10% of the final expected caseload are now claiming the benefit eight years later. But in a sort of Alice in Wonderland way, Iain Duncan Smith, the architect of Universal Credit, would constantly be popping up saying, "We're on track and we're on time...it'll make work pay", all the while, the evidence piling up that none of these things were happening, certainly not in the way being promised. Read More »

After Ola, Chinese ride-sharing giant Didi enters Australia

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The Australia launch will again put Didi in direct competition with Uber , but that is becoming increasingly common, and also Ola and Didi which both count Didi as an investor - more on that below. This worldwide expansion has also brought a new level of confusion since Didi has cultivated relationships with other ride-hailing companies across the world while also expanding its own presence internationally. Read More »

Postmen SHOULD be allowed to fly England flag, says Theresa May

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A south London housing estate has been adorned with more than 300 England flags in a patriotic display hoped to propel the national side to World Cup glory in Russian Federation. The news comes as world prepares for the month-long tournament to kick off in Russian Federation later today. The tournament started yesterday, and England will play its first game when the team faces Tunisia on Monday. Read More »

ASIC chases Westpac over ex-planner's advice

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Westpac has offered a sparse response to the civil charges brought against it by the Australian Securities and Investments Commission ( ASIC ), saying that it had previously identified and acted upon misconduct by the adviser who the regulator's allegations related to. Read More »

Property investment in China rose 10.2% year-on-year in Jan-May

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World economic recovery creates favorable conditions for China's trade. According to data from the National Bureau of Statistics (NBS), China's steel output surged to a record in May, as mills ramped up production to chase fat profit margins, with a strong outlook for demand likely to keep mills running at almost full capacity for the rest of the year. Read More »

Canadians back PM's handling of Trump attacks, tariffs: polls

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The poll also found a majority of Americans and Canadians are united in support of Trudeau and opposition to Trump in their countries' stand-off over the renegotiation of the 1994 North American Free Trade Agreement (NAFTA). "My friends, we must stand together during these critical negotiations because there's so much at stake", he said. "And that's what bad faith Justin Trudeau did with that stunt press conference". Read More »

McDonald's to scrap plastic straws across all United Kingdom and Ireland restaurants

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This decision follows a successful trial in selected restaurants earlier this year. UK Environment Secretary Michael Gove called on other companies to follow the example of McDonald's. Only 1% are recycled, largely because they are made of a mixture of polypropylene and polystyrene. And research shows there will be more plastic than fish by weight in the world's oceans by 2050. Read More »

To-Vancouver flight forced to land after possible fire

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The Transportation Safety Board says a WestJet flight headed for Vancouver was forced to perform an emergency landing in Calgary after a small fire broke out on board. A TSB official told Global News that there was "significate heat occurring" in a passenger's bag. Two investigators were sent from Edmonton and arrived at the Calgary airport around 1 p.m. Read More »

BHPB is all in on South Flank

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In an announcement on Thursday (June 14), the company said its board has given the go ahead for US$2.9 billion to be sunk into the South Flank project in the Pilbara region of Western Australia. Strip ratio at the operation is expected to be in line with the WAIO average. Last year, the company proved it was serious about maintaining its iron ore production by spending US$184 million in an initial funding commitment for South Flank. Read More »

Euro Suffers Biggest Fall Since October as ECB Reveals Interest Rate Policies

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Bond purchases, now running at a maximum of €30 billion ($US35.3 billion) a month, will be lowered to €15 billion ($US17.65 billion) a month in September before being stopped at the end of December, the European Central Bank said. "It doesn't seem like we're at the stage where the hawks are on top of things". On Wall Street, two of the three main indexes closed higher , with technology stocks leading the charge on the benchmark S&P 500. Read More »

N Brown beats high street retreat, 14 Jun 2018 11:32

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Group wide, the group is considering closing its 20 retail stores. The outlets affected will be shut ahead of their lease expiry date and bring in around 2 per cent of N Brown's revenues, generating £15m in the 2018 financial year. N Brown said shopper numbers at the stores had been "very disappointing". For example, it re-launched its JD Williams brand, a department store concept offering style for customers over the age of 45. Read More »

Supermarkets in borough slash prices at the petrol pumps

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The variations in fuel prices are largely dictated by fluctuating oil prices caused by production levels and the relative strength of the pound against the dollar. 'We are now well into June, and drivers are still waiting for some relief to rising prices. RAC spokesman Rod Dennis said: "At last, retailers have done the right thing and started to cut prices at the pumps". Read More »