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Thunder Bay getting cannabis store

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The other eight will be on First Nation reserves and those licences will be handed out on a first come, first served basis. Ontario's recreational cannabis sales had been puttering along until the first physical stores opened in April, a sign that consumers have little appetite for making legal purchases on the government-run Ontario Cannabis Store website . Read More »

US Lawmakers Ask Facebook to Suspend Libra Cryptocurrency

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Facebook launched Libra last month as a way to "make it easy for everyone to send and receive money just like you use our apps to instantly share messages and photos", Mark Zuckerberg wrote . The partner companies, which include Uber, Visa, Mastercard, eBay and Spotify, signed nonbinding agreements that give them the ability to back out if they don't like where the project is headed, the paper reported . Read More »

Trump says he will nominate Christopher Waller to Fed seat

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Shelton, who serves as the USA executive director at the European Bank for Reconstruction and Development, was one of two candidates that Trump announced in a series of tweets, alongside Christopher Waller, a long-time official at the Federal Reserve Bank of St. Read More »

United States government staff told to treat Huawei as blacklisted

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Huawei is on the US Commerce Department's entity list, which effectively bans US companies from selling equipment and components to the Shenzhen-based manufacturer, while Washington has also frozen the company out of the US 5G network. The move was welcomed by Huawei, with its CEO and founder Ren Zhengfei saying this was "good for American companies". The executive is pretty sure the company can keep doing its job even without United States components which would be switched with domestic ... Read More »

Deutsche Bank boosts wealth ranks as restructure set to slash 20,000 jobs

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In addition, the USA lawmakers are also seeking information about Deutsche Bank's links to prominent Russians as well as its money laundering controls, one person with direct knowledge of the matter said. Big cuts to its investment bank could make it harder for the lender to fulfil this role and would mark a reversal of a decades-long expansion that began with the purchase of Morgan Grenfell in London in 1989 and continued a decade later by taking over Bankers Trust in NY. Read More »

Stocks rise on trade hopes, but off from earlier high

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Investors were encouraged by the agreement between Presidents Donald Trump and Xi Jinping of China at a weekend meeting of the Group of 20 major economies to resume trade negotiations. The detente is good news for markets, but tariffs in place have already hurt global economic growth, and investors see the two sides still face the same differences that caused talks to break down earlier. Read More »

Ohio’s 10 cent gas tax increase in effect Monday

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Second is OH, where taxes jumped to 38.6 cents a gallon - up 10.5 cents from the previous gas tax. Statewide, Illinoisans are paying an average price of $2.91 per gallon, up to 47 cents more than the average price in neighboring Missouri. Read More »

China's factory activity shrinks as US tariffs, slowdown hit orders

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Analysts polled by Reuters had predicted a reading of 49.5. "The sub-index for new orders slid into contractionary territory, pointing to notably shrinking domestic demand", Zhong said. For China, the PMI is among economic indicators that investors globally watch closely for signs of trouble amid domestic headwinds and the ongoing U.S. Read More »

'I Am Chairman Of Chrysler Corporation Always': 8 facts about Lee Iacocca

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He was then hired by Chrysler Corp.in 1978 and became the company's CEO in 1979. Lee was born in Allentown, Penn. after his parents immigrated to the United States from Italy. He was abruptly fired from his position by Henry Ford II eight years later, likely because of a clash of egos. Chrysler was near bankrupt, but Iacocca revived the company through loan negotiations with the government. Read More »

Kenya's Safaricom shares fall 2.7% following death of CEO

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Following the death of Bob Collymore yesterday morning , Safaricom PLC board of directors has appointed former Safaricom CEO, who also happens to be one of the board members, as the interim CEO of the giant telco. Robert (Bob) Collymore who helped turn Safaricom Plc into East Africa's most profitable company with an USD$11 billion valuation, died at the age of 61 after a almost two-year long battle with cancer. Read More »

Tesla soars as Model 3 paces record quarter of deliveries

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One reason Wall Street remains concerned about Tesla's profitability is shrinking demand for the higher-margin Model S and Model X. Combined deliveries dropped to 17,650 in the quarter, down more than 20 per cent from a year ago. After finishing last year with a flourish, Tesla's sales engine sputtered to start this year. The previous record for quarterly deliveries was set during the fourth quarter of 2018 and checked in at 90,700 units. Read More »

China's factory activity declines in June

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Analysts polled by Reuters had foretold a reading of 49.5. This advertisement has not loaded yet, but your article continues below. It's crucial for policymakers to step up countercyclical policies. Economists say Beijing's market-opening measures reflect growing confidence Chinese companies can compete and a recognition of the need for more competition. Read More »

Amazon launches early Prime Day deals

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But if you're not a Prime member , you may be curious about all the hoopla, feeling some online shopping FOMO. If you don't already happen to be a member, don't worry. Given the time difference, this means Prime Day in Australia effectively extends beyond the official 48 hours to closer to 65, with the USA deals ending around 5pm on the 17th. Read More »

IMF's Lagarde 'honored' to be tapped to head European Central Bank

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In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have chose to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period, Lagarde said. Although not trained as a economist, Lagarde has spent the past eight years at the helm of the Washington-based International Monetary Fund. She is also not without controversy. Read More »

RBA's Lowe says rate cut alone won't help

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The Australian dollar was up 0.3% at $0.6983 on Tuesday after slumping 0.9% on Monday, its biggest decline since April 24. Australias central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1 percent. Read More »

European Union leaders agree on choices for top jobs after days of disputes

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Meanwhile, the European Council also elected acting Belgian premier Charles Michel a new president of the council. He said the appointment of Ursula von der Leyen would still need approval by the Parliament, but said he was "absolutely sure" that France's Christine Lagarde would be a new independent head of the European Central Bank. Read More »

Bitcoin's losses grow, recoils 30 percent from 2019 highs

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Despite bitcoin's recent rally , the downloads of crypto-related mobile apps have not gone up, Bloomberg reports . A move through the 23.6% FIB would bring the first major resistance level at $11,806 into play. Luke Martin noted that Bitcoin's failure to hold around 11.4k support is one of the reasons for this latest plunge, adding that further support will cushion Bitcoin at around $9,800. Read More »

USA threatens tariffs on European Union cheese, pork and whiskey

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The list also includes sausages, hams, pasta, olives and cheeses, including parmesan-reggiano, provolone, edam and gouda. That list supplements $11 billion in goods the Trump administration threatened to impose new tariffs on in April. "We strongly oppose the inclusion of distilled products in the proposed retaliation list", said spokeswoman Lisa Hawkins. In April, Trump said that the WTO had found "that the European Union subsidies to Airbus has adversely impacted the United States". Read More »

Boeing outsources 737 Max development to low paid sub-contractors

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After allegations stringing Boeing Max's software failure leading to the deaths of about 346 people in 2 airplane crashes, to Indian IT companies HCL Technologies and Cyient Ltd , the Indian IT sector feels that they are wrongly being dragged onto matters where they aren't at wrongdoings. Read More »

AAA: Millions expected to travel over holiday

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This trend isn't likely to stop this week, especially with 41.4 million Americans expected to hit the road for the Independence Day holiday. Of the estimated record travelers this Independence Day, AAA predicts roughly 41.4 million will travel by automobile, marking a 4.3 percent increase from 2018. Read More »

Japan restricts chip smartphone materials exports to South Korea

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Seoul quickly hit back, saying the measures violated worldwide law and threatening to raise the issue at the World Trade Organisation. South Korea "did not show a satisfactory solution over the issue of former workers on the Korean Peninsula before the Group of 20 summit (through Saturday) and we can not help but to say the relationship of trust has been severely damaged", Suga said at a press conference. Read More »

Iran oil minister Zanganeh calls for unity among OPEC members

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Asked whether he supported the plan as he arrived for OPEC's meeting on Monday, Iranian Oil Minister Bijan Namdar Zanganeh said, "I don't have any issue". Russian President Vladimir Putin said on Saturday he had agreed with Saudi Arabia to extend the existing OPEC+ pact and continue to cut combined production by 1.2 million barrels per day, or 1.2% of world demand. Read More »

Tim Cook slams "absurd" report of Jony Ive tensions

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Ive withdrew from the company's leadership over a period of several years as CEO Tim Cook emphasized business operations over product design, the Wall Street Journal reports . Mr. Ive's old design team-a group of aesthetes once thought of as gods inside Apple-will report to COO Jeff Williams, a mechanical engineer with an M.B.A. Read More »

S&P 500 hits record high on trade optimism

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The Dow Jones Industrial Average jumped 7.2 percent jump, the best since 1938, the S&P 500 added 6.9 percent, the strongest June since 1955 and the Nasdaq 7.4-percent - its best showing since 2000 as tracked by the Dow Jones Market Data Group. Read More »

Electric cars: New vehicles to emit noise to aid safety

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The regulations, which apply to new types of electric and hybrid four-wheeled vehicles, require them to emit a sound of between 56 and 75 decibels that changes in pitch as the auto accelerates or decelerates. Unusually, the European legislation sets no rules as to the type of sound that must be emitted by the electric vehicle . So the AVAS systems will make no difference at all to people who walk around with earphones in. Read More »

Amazon Prime Day: 7 Big Numbers to Know Now

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Just do not forget to cancel your membership before the 30 days are up so you won't get charged for a yearly subscription. If you really don't want to fork out the monthly fee but would still like to snatch up some incredible Prime day offers, there is a way. Read More »

Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines

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As per the report , the month of June has seen an increase of power demand by 7%, and Iranian Energy Ministry spokesperson Mostafa Rajabi said cryptocurrency mining was thought to be the main cause. Iran's central bank banned the usage of cyber currencies in monetary transactions final year, citing concerns about cash laundering and crime. Even with the worsening economic situation, Iran still relies on an uncoordinated cryptocurrency policy. Read More »

Trump Delays Video Game Console Tariffs on China

The National Security Council has been examining ways of narrowing the restrictions on Huawei so they focus on sales of USA technology used in "chokepoints", where Huawei technology could control wireless networks, people familiar with the discussions said. Read More »

CDC: 'NJ Residents, Do Not Eat Papaya Sold From Mexico'

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The fruits in question were sold in Connecticut , Massachusetts, New Jersey, New York, Rhode Island, and Pennsylvania. So far, 62 people have been reported ill from those states as well as Texas. The FDA strongly advises importers, suppliers, and distributors, as well as restaurants, retailers and other food service providers from all states to hold whole, fresh papayas imported from Mexico. Read More »

Iran's Oil Minister Zanganeh calls for unity among members of OPEC

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The biggest question is whether the charter would have the support of Iran, which has voiced unhappiness with the dominance that Russian Federation and Saudi Arabia exert on Opec + policy. This year the OPEC+ alliance has cut production by more than the pledged 1.2 million barrels a day as US sanctions on Iran and Venezuela slashed output from both countries. Read More »

US, China trade war on hold...for now

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An important part of the newly announced US-China trade truce might already be in trouble in the Senate. The U.S. side should keep its promise and cooperate with China to expand consensus and narrow differences, and that is the only right choice to address trade issues and reach win-win results. Read More »

Target Announces ‘Deal Days,’ Its Own Version of Amazon’s Prime Day

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There are a ton of Android phones out there, but what's the best in 2019? Some of that work is already done. But to help ensure everyone knows Prime Day is happening, Amazon is also hosting its first Prime Day Concert . Prime members can support small and medium-sized businesses this Prime Day by shopping deals from Amazon Storefronts, Amazon Handmade, Amazon Launchpad and more. Read More »