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Coca-Cola has been eyeing cannabis-infused drinks, according to a statement. Would you down a cannabis-infused Coke ? Another company, Constellation Brands (which makes Corona beer and Svedka vodka) announced in August it is investing $4 billion in Canadian cannabis company Canopy Growth.
  • Tesla rocked by executive departures, Elon Musk's web show

    Tesla rocked by executive departures, Elon Musk's web show

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    Musk smoked what Rogan described as a joint containing a mix of marijuana and tobacco. In August he told the New York Times that he worked "120-hour weeks" and took sedatives. Musk told The Guardian in response to a question about whether Tesla drug-tests employees that " our policy allows trace amounts of THC [an ingredient of cannabis] during work times, provided they are below the safety limit (much like a minimum alcohol level )".
  • Trump calls on Apple to move production from China to US

    Trump calls on Apple to move production from China to US

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    Speak on Air Force 1, Trump is talking tariffs. "China, right now, is a far bigger problem", Trump said. "And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. But Beijing will struggle to keep responding in kind as it imports less than United States dollars 200 billion in U.S. goods per year. If eventually carried out, Trump's latest threat could result in tariffs on all Chinese goods entering the United States, an unprecedented ...
  • Over 300,000 British Airways travelers' credit cards hacked

    Over 300,000 British Airways travelers' credit cards hacked

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    Consumer advice website MoneySavingExpert says affected customers should first seek advice from their bank, then monitor bank and credit card statements closely for signs of possible fraudulent activity. According to Reuters , the customer data, including personal and financial information involving 3,80,000 transactions, was stolen between August 21 and September 5.
  • Fears rise, diapers vanish amid currency crisis in Iran

    Fears rise, diapers vanish amid currency crisis in Iran

    Markets

    International Brent crude futures LCOc1 , by contrast, lost ground, trading at $78.10 per barrel, down 5 cents from their last close. At the end of last month , Iran's Foreign Minister was quoted as reminding the European Union that Iran was still waiting to receive guarantees that the EU would continue to buy Iranian oil even after USA sanctions kick in on November 4.
  • Focac Summit To Set New Path For China Africa Ties

    Focac Summit To Set New Path For China Africa Ties

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    Xi said China would set up a China-Africa peace and security fund and that a total of 50 "security assistance" programs will be carried out, such as United Nations peacekeeping missions, fighting piracy and combating terrorism. On trade facilitation, Xi said China will increase imports, especially non-resource products, from Africa and support African countries in participating in China International Import Expo.
  • Coca-Cola Buys Coffee Chain Costa for £3.9 Billion

    Coca-Cola Buys Coffee Chain Costa for £3.9 Billion

    Markets

    But the Costa acquisition gives it a much bigger piece of the coffee market, which is growing by 6 per cent a year , according to James Quincey, Coca-Cola president & CEO. Coca-Cola does already have over 500 brands in its stable including Fanta, innocent smoothies and Powerade sports drinks. It has invested heavily in Costa's expansion overseas recently, but had been looking to siphon off the business to generate funds for the expansion and for its other business, the budget hotel chain ...
  • Donald Trump on free trade

    Donald Trump on free trade

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    Canadian Foreign Minister Chrystia Freeland said late on August 29 that talks were at "a very intense moment" but said there was "a lot of good will" between Canadian and US negotiators. Mexico's peso strengthened against the United States dollar, as did the Canadian dollar, while the U.S. dollar index weakened slightly. After Trump said he would terminate the NAFTA deal and make a new bilateral trade agreement with Mexico, Canada is now left out in the cold in North American trade ...
  • After US-Mexico trade announcement, Washington businesses wonder about Canada

    After US-Mexico trade announcement, Washington businesses wonder about Canada

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    The new agreement - pending the required signatures - could also change the proportion of a auto that must be made by workers who are paid $16 per hour or more . The terms of the U.S. -Mexico deal are still being interpreted and there are many unanswered questions, especially on measures to settle disputes. Indeed, Mexico has said it wants Canada included in any new deal to replace NAFTA.
  • Trump Announces New U.S.-Mexico Trade Agreement

    Trump Announces New U.S.-Mexico Trade Agreement

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    Negotiations between the three trade partners have dragged on for more than a year, putting pressure on the Mexican peso and the Canadian dollar. "The deal announced Monday has moving parts and there is still time to make improvements before it is signed and sent to Congress", the Journal's editorial board wrote .
  • United States and Mexico tentatively set to replace NAFTA with new deal

    United States and Mexico tentatively set to replace NAFTA with new deal

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    Trump has frequently condemned the 24-year-old NAFTA trade pact as a job-killing "disaster" for the United States. "We're going to call it the US-Mexico Trade Agreement". But Freeland also said, "We will only sign a new NAFTA that is good for Canada and good for the middle class". "It has a bad connotation because the United States was treated very, very badly for NAFTA".
  • Oil rises 2% with Brent futures hitting a two-week high

    Oil rises 2% with Brent futures hitting a two-week high

    Markets

    At the beginning of August, oil prices started their longest weekly losing streak in three years. Refinery utilisation rates remained unchanged last week at 98.1% of total capacity, the highest rates since 1999. China's shipowners are shunning Iran's oil, while the OPEC producer is using its own tankers to supply top customers as impending United States sanctions threaten to disrupt global crude trade.
  • China trade dispute escalates

    China trade dispute escalates

    Markets

    Yet Beijing is not backing down despite insistence from Washington that it put the breaks on a technology development strategy that, according to the USA, features unfair trade practices. "China resolutely opposes this, and will continue to take necessary countermeasures ", it said in a brief statement shortly after mid-day. The dispute centres around Mr Trump's demand for Beijing to drop its protectionist economic stance and buy more USA goods.
  • What Would Happen if the SEC Abandoned Quarterly Earnings Reports

    What Would Happen if the SEC Abandoned Quarterly Earnings Reports

    Markets

    Even SEC Chairman Jay Clayton, a Trump appointee who has made boosting the number of initial public offerings one of his top priorities, hasn't floated the idea of scaling back reporting requirements. It's unclear whether management at companies that report semi-annually take a longer-term investment strategy than management at companies reporting quarterly, said Salman Arif, a business professor at Indiana University who has studied the difference in reporting periods.
  • Turkish lira firms despite USA warning of more sanctions

    Markets

    US President Donald Trump Mr Trump announced on Twitter last week that he had authorised a doubling of duties on aluminium and steel imported from Turkey, putting unprecedented economic pressure on Ankara . The lira has clawed back some ground over the past two days - after losing nearly a quarter of its value on Friday and Monday - but economists are warning that Turkey must urgently address its economic imbalances to avoid more trouble.
  • Turkish court rejects freedom for USA pastor championed by Trump

    Turkish court rejects freedom for USA pastor championed by Trump

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    Trump prefaced Mnuchin's remarks by saying that Turkey had not been a very good friend. Finance Minister Berat Albayrak assured worldwide investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signalling it could ride out the dispute with the United States.
  • Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

    Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

    Markets

    Turkish presidential spokesman Ibrahim Kalin referred to the conflict with the USA in stark terms saying, "Turkey does not favor an economic war, but it can not remain unresponsive when it is attacked". Erdogan also has called on people to exchange their US dollars for Turkish lira to help strengthen the exchange value of the country's currency . An employee at an upscale clothing store who declined to give his name said the amount of shoppers was unusual even in high season, attributing it ...
  • Rupee hits record low of 70 to dollar, touches 19.05 vs dirham

    Rupee hits record low of 70 to dollar, touches 19.05 vs dirham

    Markets

    Mumbai: Rerversing all its early gains, the rupee on Tuesday collapsed to a life-time low of 70.09 against the USA dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown. The fall in the rupee is leading to a widening of India's current account deficit, when the value of imports exceeds the value of exports, they say.
  • China trade tensions increase

    China trade tensions increase

    Markets

    China's refined products exports last month were 4.57 million tonnes, almost flat from a year earlier. They followed the first round of tariffs in March 2018 on imports of Chinese steel and aluminium, which prompted a like-for-like tariff on the US.
  • Let’s double down on Turkey sanctions

    Let’s double down on Turkey sanctions

    Markets

    Turkey is at loggerheads with the USA in one of the worst spats in years over the almost two-year detention of American pastor Andrew Brunson and a host of other issues. Albayrak , who formerly served as energy minister, yesterday announced what he has described as a "new economic model" for Turkey but he focused on macro-economic issues and steered well clear of tackling the currency crisis.
  • Chinese media warns against 'wantonly' rising tariffs in U.S. trade war

    Chinese media warns against 'wantonly' rising tariffs in U.S. trade war

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    The Trump administration on Tuesday unveiled a list of roughly $16 billion worth of imports from China that will be hit with 25% tariffs . Washington had already imposed tariffs on United States dollars 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from U.S.
  • Tesla board evaluating CEO's bid to take company private

    Tesla board evaluating CEO's bid to take company private

    Markets

    USA regulators are examining how Tesla Inc ( TSLA .O) Chief Executive Elon Musk announced his plan to take the electric carmaker private and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk has promised a sustained net profit starting in the third quarter. The issue of share accumulation by outsiders emerged only recently as reports that Saudi Arabia's public investment fund had built up a stake from 3 to 5 percent after its offers of ...
  • China places tariffs on another $16B worth of U.S. goods

    Markets

    And President Donald Trump has threatened to impose tariffs on virtually everything China sells to the United States. For instance, the major complaint is about the theft of USA intellectual property by Chinese firms. Its imports from the USA rose 11.8 percent in the same period. The world's two biggest economies are locked in a trade dispute over Washington's charges that China uses predatory tactics in a drive to supplant USA technological supremacy.
  • Facebook asks big banks to share customer details

    Facebook asks big banks to share customer details

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    The social media network wants access to card transactions and checking account balances along with information about where its users shop, the report said, citing people familiar with the matter. Facebook acknowledged last month that it was facing multiple inquiries from USA and British regulators about a scandal involving the now bankrupt British consultancy Cambridge Analytica .
  • Elon Musk tweets about going private and shares 'skyrocket'

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    Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 billion, Galloway said. Galloway said Musk likely wants to take the company private because he's anticipating third- and fourth-quarter losses, and is exhausted of dealing with irate investors and the general demands of being a public company.
  • Apple reaches new landmark with $1 trillion valuation

    Apple reaches new landmark with $1 trillion valuation

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    However, Apple has always looked the most likely victor, as I noted in June: Apple is close to becoming the first USA company worth $1 trillion. And in 5 years maybe Canada will be worth less than the company that sold you your phone.
  • Virginia's Annual Sales Tax Holiday Weekend is August 3-5

    Virginia's Annual Sales Tax Holiday Weekend is August 3-5

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    Heads up, back-to-school shoppers, the 2018 tax-free weekend is coming up fast. Shoppers won't have to pay sales taxes on clothing , computers and school supplies Wednesday through Sunday. Qualifying items in Oklahoma include clothing and shoes under $100. And if you aren't heading back to school and just want to do some personal shopping, that's OK, too.
  • Apple is the first $1 trillion company in history

    Apple is the first $1 trillion company in history

    Markets

    This meant that Apple shares had to reach $207.04 per share before breaking $1 trillion. With a market cap of $1 trillion, Apple has a value greater than the gross domestic product of most countries in the world, including Turkey, Switzerland, Saudi Arabia and Taiwan.
  • Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?

    Facebook's Day Of Reckoning: Blip Or Sign Of Broader Turn?

    Markets

    For numerous world's richest people, losing $16.8 billion in a day would be a wipeout. The stock value drop amounted to a $119-billion loss. "There are always going to be these one-day disasters". A decade ago, nearly no one could have imagined that Facebook would have more than 2 billion users, much less that its family of apps - Instagram , WhatsApp and Messenger - would also count members in the billions.
  • Trump tells European Union leaders he wants a ‘fair trade deal’

    Trump tells European Union leaders he wants a ‘fair trade deal’

    Markets

    The aid package does not require Congressional approval, but it could be another month before it kicks in. The assistance programs for farmers affected by tariffs will officially roll out in September. "The real resolution is getting to agreement and getting these trade issues solved". Iowa Congressman Steve King said in a statement: "I applaud the Administration for taking this needed action, and I am confident those involved are all working diligently to open China's markets".
  • Trump on Trade Critics: 'What Can They Be Thinking?'

    Trump on Trade Critics: 'What Can They Be Thinking?'

    Markets

    On Tuesday night, Trump issued a tweet proposing that both the US and the European Union drop all three as European Commission President Jean-Claude Juncker prepares to visit Washington for trade talks on Wednesday. Mr. Trump has suggested a zero-tariff deal to level the trade playing field and create what he calls a "fair and reciprocal" trading relationship.
  • OCU professor: In trade dispute, U.S. is on solid ground

    OCU professor: In trade dispute, U.S. is on solid ground

    Markets

    The EU Council President, Donald Tusk, appealed to China Monday in Beijing, and also to the United States and Russian Federation, to "avoid chaos, " just as Donald Trump's America has entered into a power struggle with his major trading partners.
  • May narrowly avoids Brexit defeat again as MPs reject EU customs union

    May narrowly avoids Brexit defeat again as MPs reject EU customs union

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    Government defeated an amendment from Tory backbench MPs, which would have kept United Kingdom in a customs union with the EU if it fails to agree a free trade deal. She told HuffPost UK: "Over my 29 years in Parliament, I have been censured many times by the CLP". On Monday night, MPs in Westminster voted in favour of a law designed to create an independent customs policy after Brexit.
  • Comcast is expected to raise its offer for Sky

    Comcast is expected to raise its offer for Sky

    Markets

    The speed with which Comcast's Brian Roberts returned with a higher offer was created to show how determined he is to buy the group which is present in 23 million homes across Europe. The British government is expected to finally allow Fox, which is run by Rupert's son James, to buy Sky this week, after the US group agreed to sell Sky's award-winning news channel to Disney to prevent Murdoch from owning too much of the British media.
  • Boris Johnson not dealing in reality over Brexit, says Micheál Martin

    Boris Johnson not dealing in reality over Brexit, says Micheál Martin

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    It comes as federal minister Christopher Pyne reassured the United Kingdom that Australia will have a good relationship with the country's new foreign secretary Jeremy Hunt following Boris Johnson's resignation. Johnson spoke for angry Conservative Brexit-backers in his resignation letter to May when he complained that voters weren't going to get the things he'd promised them when he campaigned to leave the EU.
  • First Thailand boys rescued two weeks after being trapped in cave

    First Thailand boys rescued two weeks after being trapped in cave

    Markets

    Two Britons, John Volanthen and Richard Stanton, are understood to have a leadership role and were among the divers who found the boys and their coach marooned on a bank inside the cave. "Narongsak Osatanakorn, the head of the joint command centre coordinating the rescue, said Sunday morning was the most opportune time to launch the operation, citing the ideal weather, water and the kids' readiness, physical and mental".