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OPEC’s April oil supply down to 30.23mbpd

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Both Sinopec and CNPC declined to comment. In Angola, declines at mature fields brought production down to 1.41mbd in April - the lowest level since it joined OPEC in 2007 - even with the new Kaombo field coming online. A third source said Sinopec, who buys the majority of China's Iranian oil imports, does not wish to breach a long-term supply contract but has opted to suspend booking new cargoes for now due to the sanction worries. Read More »

Reliance subsidiary acquires United Kingdom toy retailer Hamleys

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Reliance, which already has the master franchise for Hamleys in India, will also get to own 88 stores across 29 cities that is now operates. Reliance Brands , a subsidiary of Mukesh Ambani-led Reliance Industries (RIL), has acquired British toy major Hamleys for £68 million ($88.6 million approx), RIL disclosed in its regulatory filings. Read More »

New Brunswick loses 3,900 jobs in April, labour force report shows

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Statistics Canada noted the private sector largely drove the increase, employing an additional 84,000 Canadians. These figures reflect improved investor confidence in the Canadian economy in the wake of the jobs report, which is poised to drive the influx of capital and GDP growth as well. Read More »

3-drawer chests recalled, 1 death reported | Instant Recall

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There are two reports of incidents involving the recalled chests, one in which a 2-year-old child was killed and another child was injured. In one, a child had bruises on his leg and scratches. They can also receive a free tip-over restraint kit with one-time free in-home installation. Each drawer has one metal handle. Consumers can contact the Saint-Croix-based company at 1-855-215-4932 Monday to Friday from 8:00 a.m.to 5:00 p.m. Read More »

Dyson patents hint at design of its electric crossover

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In other words, a Tesla Model X rival. In an email sent to all his employers, founder James Dyson said that the electric auto is being kept secret until it is ready to be launched, and that the design "shows an androgynous vehicle and provides a glimpse of some of the inventive steps that we are considering". Read More »

VW releases official photos and pricing for landmark ID.3 electric hatchback

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ID.3 will be one of five new VW models based on the MEB platform. So, if you're a chic European type and you want to toss your lot in with Volkswagen, how do you go about actually placing a preorder for the ID 3? In addition to the let-down in price, the carmaker has only released camouflaged photos of the ID.3 - one of which was leaked yesterday . Read More »

Uber’s hyped-up IPO hits a few potholes on its first day

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By Joshua FranklinNEW YORK: Uber Technologies Inc priced its initial public offering on Thursday at the low end of its targeted range to raise $8.1 billion, adopting a risk-averse stance toward the most high-profile USA listing since Facebook Inc seven years ago. Read More »

Labour market key as RBA holds cash rate

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The news saw the Aussie dollar jump 0.7% back above 70 United States cents around 70.40 USA cents. "Lowe is a more hawkish governor than most appreciate, and the hurdle for easing is clearly a lot higher than it has been under previous governors", said Sally Auld, a senior strategist for interest rates at JPMorgan Chase & Co in Sydney who had forecast a cut. Read More »

GM invests $170mn in Ontario factory conversion

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The plan would help save some union jobs at GM's Oshawa car-making plant, even though the operations would be scaled down and it will no longer produce cars, the source added. At the same time, enhanced retirement packages to eligible Oshawa Assembly employees, will be made available. Unfortunately most of the roughly 2,600 hourly workers now employed in Oshawa assembly will still lose their jobs, though there will be opportunities for them to move to other GM plants in Ontario. Read More »

Stock market dips again as United States and Chinese trade negotiators meet

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Friday. According to Trump the duties have brought in an additional $100 billion a year paid by China and other countries, but in fact the taxes are paid by the importers, and ultimately passed on at least partially to consumers. "We are going to get hit economically in many industries if we keep playing this game with tariffs and retaliatory tariffs", Lix predicted. "But they broke the deal , they can't do that". Read More »

European Union says trade tensions, protectionism threatening U.S. economy

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Labor market conditions continued to improve despite the slowdown in growth towards the end of 2018. The new forecasts compare with expectations from the Department of Finance for 3.9pc growth this year and 3.3pc in 2020. The EC forecast notes that despite the high unemployment, labour shortages in some sectors are becoming more apparent. Even so, the economy will still rank in the premier league of the eurozone, beaten only by Malta's 5.5pc growth rate this year and in a tie with Slovakia. Read More »

GM's autonomous vehicle unit gets 1.15 bln Dollars investment

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Cruise raised $2.25 billion from the SoftBank Vision Fund and $2.75 billion from Honda previous year. "Developing and deploying self-driving vehicles at massive scale is the engineering challenge of our generation", Cruise CEO Dan Amman said in a statement announcing the newest funding. Read More »

Berkshire Hathaway gives Buffett's successors spotlight in annual meeting

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Mr Buffett, 88, said: "We have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest. But he also maintained that "we paid too much money" for Kraft. He also faced a question about his relative silence about Wells Fargo, where Berkshire owns a almost 10 percent stake. Read More »

Trump tweets that GM plans to sell Lordstown, Ohio, factory

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Postal Service. At Lordstown, about half of those employed when production ended have transferred elsewhere. The governor's tempered expectations came in contrast to President Donald Trump's tweet on Wednesday morning: "GREAT NEWS FOR OHIO!" GM said the 450 jobs would be added at plants in Toledo, the Cleveland suburb of Parma and the Dayton suburb of Moraine. Read More »

Trump the brilliant businessman was always a myth

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Thanks to a previous Times report , we already knew that Trump's reported losses in 1995 amounted to $915 million - a sum that could've theoretically wiped out hundreds of millions in tax liability for Trump over the following years. A crucial detail is that Trump reported his business income as "pass through" - a category that passes a business' gains or losses on as personal income gains or losses to the owner, rather than taxing them separately under the corporate income tax. Read More »

Bitcoin hack: $41m stolen from cryptocurrency exchange Binance

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Binance added that the hackers were only able to access its " hot wallet ", which is Bitcoin storage that's connected to the Internet, as opposed to "cold storage" that is kept offline to make sure the owner's funds aren't vulnerable to attacks like the one discovered on Tuesday. Read More »

China replaces PUBG with patriotic game

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The South Korean-made PUBG was named by global game distributor Steam as one of its highest-grossing titles of 2018, pulling in more than 65 million USA dollars in March outside China according to analytics firm Sensor Tower. Tencent licensed PUBG in China and created a mobile version. Some Weibo users said on starting Game for Peace , they found themselves at a place in the game that strongly resembled the place they left off in PUBG , complete with PUBG gaming history. Read More »

Driver protests, strikes cast shadow on Uber IPO

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Qualified drivers in the United States, Uber said in its filing, will get $100 to $10,000 (roughly Rs. 7,000 to Rs. 7,00,000) based on trips taken. But the IPO won't be life-changing for most drivers, whom Uber insists are independent contractors, not employees. Read More »

Uber & Lyft Drivers Set To Strike On Wednesday, May 8

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But at the same time, they're subject to the decisions that Uber makes, whether that be how much to charge per ride, and how much of a cut per ride Uber receives. "With the IPO , Uber's corporate owners are set to make billions, all while drivers are left in poverty and go bankrupt". The New York City Taxi Workers Alliance said its members voted not to drive for Uber or Lyft between 7am and 9am on Wednesday. Read More »

Worsening US-China trade tensions rattle financial markets

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Vice Premier Liu He is set to join the Chinese delegation in Washington within the week to meet with USA trade officials, according to CNBC . Foreign Ministry spokesman Geng Shuang said in a press briefing on Tuesday that mutual respect was the basis for reaching a trade agreement. Read More »

Beware of One-Ring Robocall Scam

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The "One Ring" robocalls are known as " Wangiri ", which comes from Japan where the scam originated several years ago and means one-ring-and-cut. Country codes coming from Mauritania, +222, and Sierra Leone, +232. The scammer calls multiple times, trying to get a call back, which can result in hefty worldwide fees. Before calling unfamiliar numbers, check to see if the area code is global. Read More »

New Pixels? New Android? Cloud gaming? Watch Google's I/O event live here

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Powering the Pixel 3a will be the Qualcomm SD 670 with Google's Titan M secure enclave coupled with 4GB LPDDR4X primary memory. With the keynote just a few short days away and Google teasing that there will be hardware announced on stage, we wonder if there are any surprises left for the presentation? The leak was spotted on /Leaks where a poster of the Google Pixel 3a XL with 6GB RAM and 64GB of storage was displayed with the Indian pricing. Read More »

Iran Says Will Sell Oil On 'Gray Market'

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India's oil imports from Iran increased by some 5 percent between March 2018 and March 2019 compared to the previous fiscal year through March 2018, because Indian refiners rushed to buy Iranian oil before the US sanctions kicked in in November and hurried to wind up purchases ahead of the waiver's end last week. Read More »

China stocks tumble on Trump tariff threat

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The posts came just days before scores of Chinese officials were expected to arrive in the US this week, with negotiators hoping to end the trade war between the countries. The US president originally imposed a 10% tariff on these goods in September that was due to rise in January, but postponed this as negotiations advanced. Read More »

Nightingale College Celebrates National Nurses Week May 6 to 12

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They're available on Kindle for a limited time only. This promotion is in partnership with the Daisy Foundation . "As a new nurse you probably have some reservations: am I qualified to do that next job, am I qualified to take that next step in education?" Taco Bell - Nurses aren't the only ones who can get in on these deals . Read More »

Oil tumbles, China stocks plunge over 4% after Trump vows tariff hike

Tom Orlik, chief economist at Bloomberg Economics, said: "It's possible talks are breaking down, with China offering insufficient concessions, and an increase in tariffs a genuine prospect". His comments came as Vice-Premier Liu He is preparing to travel to Washington this week to resume negotiations, with both sides trying to end a trade war that has affected the global economy. Read More »

Sinclair to buy Fox Sports Networks from Disney

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Sinclair Broadcast Group will purchase 21 regional sports networks from the Walt Disney Company for $9.6 billion, the two companies announced Friday. Sinclair is also a part-owner of Stadium, a sports network available both on broadcast TV and digitally. "We also see this as an opportunity to realize cross-promotional collaboration, and synergistic benefits related to programming and production". Read More »

HSBC profit beats estimates as CEO reins in cost increases

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Speaking about the results, HSBC chief executive John Flint said: "These are an encouraging set of results, particularly in the context of heightened economic uncertainty globally". The lender reshuffled its global banking division on Tuesday as former JPMorgan banker Greg Guyett put his stamp on the business, which has been under pressure in recent years. Read More »

Berkshire Hathaway renews building lease in Omaha for 20 years

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It was not the first time the billionaire investor rued his decision not to invest in Amazon sooner. "I think Warren feels the same way". Amazon was trading sharply higher in pre-market trading on May 3. Before then, the company's stock bets were dominated by banks and other financial services and consumer goods groups such as Coca-Cola. Approaching $1 trillion valuation once more, Apple stock is up more than 32% this year. Read More »