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- Bloomberg•24 minutes ago
Mexican President Promises Surplus in 2019 Budget Proposal
Lopez Obrador, who took office on Dec. 1, proposed a primary surplus of 1 percent of gross domestic product for next year and his administration expects this year’s surplus to be about 0.8 percent, Finance Minister Carlos Urzua told lawmakers at the lower house. AMLO, as the president is known, has
- The Canadian Press•47 minutes ago
Security worries hobble ambitions of China tech giant Huawei
While a Huawei executive faces possible U.S. charges over trade with Iran, the Chinese tech giant's ambition to be a leader in next-generation telecoms is colliding with security worries abroad. Australia and New Zealand have barred Huawei Technologies Ltd. as a supplier for fifth-generation networks
- The Canadian Press•1 hour ago
The Latest: UN climate talks agree on reporting emissions
Officials from around the world have agreed upon a set of rules to govern the 2015 Paris climate accord after two weeks of U.N. climate talks in Poland. Michal Kurtyka, a Polish official chairing the talks in Katowice, gaveled the deal Saturday after diplomats and ministers from almost 200 countries
- Bloomberg•1 hour ago
AMLO Allocates $23 Billion for Pemex to Boost Output Next Year
The proposal sent to the lower house of congress on Saturday would increase Pemex’s total budget, including capital investments, by 14 percent in 2019 compared with 407 billion pesos this year, according to the finance ministry. Oil production is expected to stabilize at 1.847 million barrels a day
- The Canadian Press•1 hour ago
Tear gas in Paris, but fewer protesters and bigger demands
A protest movement that has brought the French into the streets for five Saturdays in a row in a major challenge to President Emmanuel Macron lost momentum in its latest nationwide outcry, but the smaller crowds pushed fervently for one of their expanding demands, a citizen's referendum to help define
- The Canadian Press•1 hour ago
Canadian firm says it has found largest diamond ever unearthed in North America
A Canadian mining firm says it has unearthed the largest diamond ever found in North America. Dominion Diamond Mines says the 552-carat yellow diamond was found at its Diavik mine in the Northwest Territories in October. It says the stone "far surpasses" the previous record-holder, known
- The Canadian Press•1 hour ago
Winnipeg restaurant chain releases another manager following harassment probe
A Winnipeg restaurant chain that's faced recent allegations of harassment has dismissed another high-level employee. Stella's Cafe and Bakery has announced that regional manager Brad Burrows has been released from the chain, after it said earlier this month that vice-president of operations
- The Canadian Press•2 hours ago
Mexico aims to boost crude output by 45 per cent before 2025
Mexican President Andres Manuel Lopez Obrador detailed plans Saturday to "rescue" the national oil industry by boosting crude production at the state-owned oil company by 45 per cent before 2025. Speaking from Ciudad del Carmen, a Gulf coast city 50 miles (85 kilometres ) from an oil field
- Bloomberg•2 hours ago
China Confronts Its Eternal Dilemma
Pressure for stimulus revives the eternal question of whether to prioritize growth over deleveraging. Beijing has worked diligently to slow debt growth since President Xi Jinping was confirmed for a second term as general secretary of the Communist Party in October 2017.
- Bloomberg•2 hours ago
China’s Made in 2025 Plan Is a Paper Tiger
Beijing is considering delaying targets in its “Made in China 2025” program, Bloomberg News reported last week. The roadmap, which seeks to advance domestic production of critical technology, has been a key bone of contention in President Donald Trump’s trade war. Other reports said China may replace
- The Canadian Press•4 hours ago
Ruling to strike down health law puts GOP in a quandary
A federal judge's ruling that the Obama health law is unconstitutional has landed like a stink bomb among Republicans, who've seen the politics of health care flip as Americans increasingly value the overhaul's core parts, including protections for pre-existing medical conditions and Medicaid
- Bloomberg•4 hours ago
Trump's Interior Chief Zinke to Step Down Amid Ethics Probes
President Donald Trump announced the secretary’s imminent departure on Twitter, without providing a rationale, following a Bloomberg News report that Zinke had notified the White House of his intention to resign. Trump said he would nominate a new Interior chief next week.
- Bloomberg•4 hours ago
Rules on Fossil Fuel Pollution Cuts Adopted at Climate Talks
The diplomats drawn from energy and environment ministries in almost 200 countries backed rules to implement the three-year-old Paris Agreement, which called for drastic reductions in the use of fossil fuels by the middle of the century. The decision covered technical details of the Paris deal, including
- The Canadian Press•5 hours ago
The Latest: French official reports 8th protest death
The French interior minister says that an eighth person has died since the start of a nationwide protest movement that began in mid-November over fuel tax hikes but has expanded to an array of issues. The announcement of a new death followed a day of demonstrations around France for a fifth Saturday
- Bloomberg•6 hours ago
McKinsey Should Be Barred From Coal Bankruptcy Case, Trustee Says
The consulting giant has refused to disclose potential conflicts of interest in the coal case and is acting as a creditor itself, the U.S. Trustee, an arm of the Department of Justice, told a judge in Texas. No other professional would be allowed to do this,” wrote Hector Duran, a trial attorney with
- CNBC•6 hours ago
UPDATE 1-Mexico targets 50 pct jump in oil output, Pemex revival
MEXICO CITY, Dec 15- Mexico aims to lift oil and gas production by almost 50 percent in the next six years, and in January will agree on infrastructure and drilling contracts to develop 20 fields, the head of state oil firm Petroleos Mexicanos said on Saturday. "Soon, Petroleos Mexicanos will again
- Bloomberg•6 hours ago
Democrats Vow Rapid Action After Obamacare Tossed by Judge
President Donald Trump termed the ruling “a big big victory by a highly respected judge” and an alternative path to the long-time Republican goal of repeal-and-replace. “We’ll be able to get great health care,” Trump said Saturday during an unannounced visit to Arlington National Cemetery, where a “
- The Canadian Press•7 hours ago
New Nevada attorney general: Background check law a priority
Nevada's new attorney general wants to find a way to implement a stalled, voter-approved gun background check law when he takes office early next year after his predecessor said the measure couldn't be enforced. Democrat Aaron Ford, in an interview with The Associated Press, said he'd also
Reuters•7 hours agoOPEC has shown it can reach deal despite splits: Iran oil minister
Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group's ability to reach agreement despite intense internal political differences. The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Dec. 7 to cut output by more
- The Canadian Press•8 hours ago
Report rips expensive decisions in California wildfire fight
In the first week, the blaze destroyed 57 homes and killed a bulldozer operator, then moved into remote wilderness in the Los Padres National Forest. The report by Firefighters United for Safety, Ethics, and Ecology criticizes fire managers for not adapting their approach to the changing nature of the
Reuters•8 hours agoExclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal - sources
(This story corrects paragraph 8 to show Wanzhou was arrested in Canada, not China) By Diane Bartz, Liana B. Baker and Greg Roumeliotis WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with
- Bloomberg•9 hours ago
Celebration of Obamacare’s Death Is Again Premature
A Texas judge ruled late Friday that the Affordable Care Act is unconstitutional, siding with a group of Republican state attorneys general who initiated the suit in hopes of striking down the law in court. While the ruling sounds dire and could theoretically leave millions of Americans without health
Yahoo Finance•9 hours agoThe latest GOP assault on Obamacare might boost its popularity even more
There's a new Republican effort to kill Obamacare, even though a majority of Americans now support the law
- CNBC•9 hours ago
5 top workplace trends to watch in 2019
Demographic shifts and technological innovation have led to major changes in the workforce. These five trends will reshape the workplace in 2019. They are: the rise of the gig economy; Gen Zers entering the workforce; seniors extending their careers; companies aligning jobs with a social mission and
- Yahoo Finance•9 hours ago
'Let's get ready to rumble!': Legendary ring announcer explains the origin of his famous catchphrase
Michael Buffer joined Yahoo Finance’s ‘Morning Meeting’ and explained how he coined that legendary phrase.
