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- Bloomberg•8 minutes ago
Abe to Charm Trump With Sumo and Warships as Trade Clash Looms
Trump’s widely expected visit to the Kaga -- one of the two biggest warships Japan has built since World War II -- will also be a chance for Abe to emphasize that his government is spending more on U.S. military equipment as they wrangle over trade. Top negotiators will meet separately to hammer out
- Bloomberg•1 hour ago
China Regulator Downplays Trade War Impact, Warns on FX
The U.S. escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. Higher U.S. tariffs will have a “very limited” impact on China’s economy even if it raises levies to the maximum
- Bloomberg•3 hours ago
How the Suave New Dutch Far Right Nearly Won an Election
“Perhaps he just found me the most interesting person to talk to,” Baudet, 36, deadpanned in an interview Friday in Amsterdam. In reality, the FvD led in almost all the Dutch polls for the last few weeks of the campaign, and Rutte was understandably worried. The traditional far-right threat to his
- Bloomberg•3 hours ago
Casino's CEO Faces Uphill Struggle Hanging On to Retail Empire
The companies will attempt to restructure their debts, including 2.9 billion euros owed by Casino parent Rallye SA, the companies said Thursday. While the latter two became globetrotting billionaires by focusing on fast-growing, highly profitable luxury goods, Naouri hitched his wagon to the pedestrian
- Bloomberg•4 hours ago
Pound Path Grows Hazier as Political Tremors Add to Brexit Woes
The uncertainty around Brexit is now substantially higher given traders have to contend with what the new leader’s stance would mean for the nature of the divorce. The pound has seen a record-long losing streak against the euro this month, weighed down by fears that a pro-Brexit premier, such as current
- Bloomberg•4 hours ago
The Downfall of Theresa May, the Prime Minister Broken by Brexit
Once inside she found her husband, Philip, and the couple went through to the prime minister’s private study together for a few moments alone. After three years battling the impossible contradictions of Brexit, she was resigning as U.K. prime minister, defeated at last. In truth, they had known a day
- The Canadian Press•4 hours ago
Judge: Anheuser-Busch must revise ads aimed at MillerCoors
MILWAUKEE — A Wisconsin judge on Friday ordered Anheuser-Busch to stop suggesting in advertising that MillerCoors' light beers contain corn syrup, wading into a fight between two beer giants that are losing market share to small independent brewers.U.S. District Judge William Conley for the Western
- Bloomberg•5 hours ago
ECB Contenders for Draghi’s Job Brace for Initial EU Skirmish
European Union leaders are about to begin their tussle over who should run the region’s monetary policy in the era after Mario Draghi. Heads of government will sit down for dinner in Brussels on Tuesday, in the aftermath of EU parliamentary elections, to kick off talks on the next suite of top political
- Reuters•5 hours ago
Huawei shipments could fall by up to a quarter this year: analysts
Smartphone shipments at Huawei, the world's second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019 if the ban stays put, according to Fubon Research and Strategy Analytics. Several experts said they expect Huawei's shipments to slide over the next six months but declined
- CNBC•6 hours ago
Young Brits more likely to downsize homes than older generations, study says
Young people in the U.K. are four times more likely to downsize their homes this year than those aged over 55, a new study found.
- The Canadian Press•6 hours ago
Report: FTC's political wrangling delays Facebook settlement
SAN FRANCISCO — Facebook may have to wait longer before resolving a U.S. government investigation into the company's mishandling of personal information.The Wall Street Journal is reporting that political wrangling is delaying a settlement with the Federal Trade Commission. Facebook could be fined
- Bloomberg•7 hours ago
Robinhood Is Set to Raise at Least $200 Million in New Funding
(Bloomberg) -- Robinhood Markets Inc. is close to securing at least $200 million in fresh funding, according a person familiar with the matter. The round is said to value the company at between $7 billion and $8 billion, although the details could change.
- The Canadian Press•7 hours ago
India's ruling party takes 303 of 542 seats in election win
Indian Prime Minister Narendra Modi met with leaders of his Hindu nationalist Bharatiya Janata Party on Friday following his thunderous victory in national elections. Modi met with his outgoing Cabinet ministers and later presented his resignation along with theirs to President Ram Nath Kovind. Media
- The Canadian Press•8 hours ago
Authorities raid 247 Colorado homes growing black market pot
DENVER — Authorities said Friday they raided hundreds of black market marijuana operations in Colorado that flouted the state's cannabis law by growing tens of thousands of plants in Denver-area homes and selling the drugs out of state.Investigators seized more than 80,000 plants and 4,500 pounds
Reuters•8 hours agoAmazon facial recognition ban won just 2% of shareholder vote
A second proposal that called for a study of the extent to which Amazon's "Rekognition" service harmed civil rights and privacy garnered 27.5% support. Amazon's sale of the technology to law enforcement in Oregon and Florida has put the company at the center of a growing U.S. debate
- Bloomberg•9 hours ago
Indian Democracy Was Dying Before Modi
Modi won with a landslide despite having failed miserably in his central mission: to create jobs for India’s young population. It also did not matter to his supporters that during his first five years in power India’s social fabric was systematically shredded and the credibility of virtually every major
- Bloomberg•9 hours ago
First American Financial May Have Leaked Hundreds of Millions of Records
The flaw was outlined Friday in an article by Brian Krebs, a cybersecurity expert. Digitized records including “bank-account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts and driver’s license images were available without authentication to anyone
- The Canadian Press•9 hours ago
Longshore workers issues strike notice for Monday at two Vancouver terminals
VANCOUVER — Longshore workers have issued 72-hour strike notice that could see two Port of Vancouver container terminals behind picket lines by Monday.Jeff Scott, chair of the B.C. Maritime Employers Association, says they've been informed that Global Container Terminals in Delta and Vancouver could
- The Canadian Press•9 hours ago
3 injured in fire that destroyed Nebraska fertilizer plant
HASTINGS, Neb. — A lightning strike at a Nebraska fertilizer plant set off a large fire that injured three truck drivers sleeping in the parking lot and destroyed the unoccupied factory, officials said Friday.The fire was reported about 11:30 p.m. Thursday at the Cooperative Producers Inc. dry fertilizer
- The Canadian Press•9 hours ago
The Latest: Fire marshal says lightning caused massive fire
The Nebraska Fire Marshal's office has determined a lightning strike caused the fire that destroyed a fertilizer plant and injured three people. The office said in a news release Friday afternoon that the fire at Cooperative Producers Inc. dry fertilizer plant at Hastings has been declared "
- Bloomberg•9 hours ago
Wealthfront Created a Hedge Fund-Style Product. It’s Down About 5%
The Wealthfront Risk Parity Fund, announced in early 2018, was styled after the esoteric calculations of famous hedge fund manager Ray Dalio. Since then, the fund has amassed more than $860 million in assets under management according to Bloomberg data, and has become a lightning rod for controversy
- The Canadian Press•9 hours ago
Health tax splits California amid need for Trump's approval
California lawmakers are headed toward a confrontation with Gov. Gavin Newsom over whether to keep a tax that can generate nearly $2 billion for low-income health benefits but means approval from the Trump administration amid a feud between state and federal officials. Senate and Assembly budget committees
Yahoo Finance•10 hours agoStock prices are down but they're not 'dirt cheap'
The trade-fueled May stock market pullback just isn't compelling, according to one money manager.
- The Canadian Press•10 hours ago
Michigan Legislature approves bill to cut high auto premiums
Michigan's Legislature on Friday passed a landmark bill that would cut the country's highest auto insurance premiums by letting drivers forego a one-of-a-kind requirement to buy unlimited medical coverage for crash injuries. The votes followed the announcement of an agreement between Republican
Reuters•10 hours agoMusk's SpaceX raised over $1 billion in six months: filings
Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space. The company raised https://www.sec.gov/Archives/edgar
