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Business

NSW Police confirmed that a portion of the Porsche's soft top roof had to be cut away to free the worker, who while embarrassed about the whole ordeal, was reportedly uninjured. "It kind of scooped the other auto up, but the main thing is that he's okay", Talbot said. While attempting to park the Porsche, the auto reportedly accelerated and ended up under an orange sports utility vehicle (SUV).
  • Trump trade policies threaten 2.6 million USA jobs, Chamber of Commerce says

    Trump trade policies threaten 2.6 million USA jobs, Chamber of Commerce says

    Business

    A spokeswoman for the U.S. Chamber of Commerce told The Canadian Press that the decision will hurt American workers and families and will "will hike prices, upend supply chains, and cost American jobs". Trump's comments comes after the Canadian government retaliated with dollar-for-dollar tariff "countermeasures" in the wake of the USA tariff announcement.
  • Trump hints at strong jobs report ahead of its release

    Business

    The president's tweet at 7:21 a.m. read, "Looking forward to seeing the employment numbers at 8:30 this morning", previewing what turned out to be a report that exceeded economists' expectations . The unemployment rate in the US has fallen to its lowest in half a century, additionally shrinking the gap between black unemployment and white unemployment, the Labor Department reported Friday.
  • Trump to Trudeau: ‘Fair Deal’ or ‘No Deal’ on NAFTA

    Business

    Foreign Affairs Minister Chrystia Freeland says Canada plans to levy tariff "countermeasures" of its own on up to $16.6 billion worth of imports of steel, aluminum and other products from the U.S. Trudeau said he regrets the action but said they must do it. "That United States has been taken advantage of for many decades on trade". Canadian Prime Minister Justin Trudeau speaks during a news conference in Ottawa, Ontario on Thursday, May 31, 2018.
  • Italy to swear in populist coalition

    Italy to swear in populist coalition

    Business

    The coalition is not yet a done deal, and the on-again-off-again negotiations over the past three months since Italians went to the polls have given watchers cause for caution. Mr Cottarelli relinquished his mandate on Thursday to make way for Mr Conte after the two parties agreed to form a coalition government. Mattarella then asked pro-austerity economist Carlo Cottarelli to form a caretaker government.
  • Deutsche Bank CEO Says Staff Are ‘Sick and Tired’ of Bad News

    Business

    Christian Sewing said in a memo to staff on Friday that "the newsflow is not good" but stressed that the bank is financially sound and is moving forward after several tough years. In his letter to employees on Friday, Sewing said risks have been reduced, capital has been strengthened and the bank reorganized. "We've achieved a lot we can be proud of".
  • Young people, not employers, should choose super fund: Productivity Commission

    Young people, not employers, should choose super fund: Productivity Commission

    Business

    Fund managers who perform poorly face being locked out of Australia's A$2.6 trillion (RM7.8 trillion) pension industry if recommendations from the government's top economic advisory body are implemented. The Productivity Commission will hold public hearings next month before finalising the recommendations it sends to the government for possible implementation.
  • Euro wins reprieve as Italy seeks to calm political turmoil

    Euro wins reprieve as Italy seeks to calm political turmoil

    Business

    The 10 year US Treasury yield rose nearly 5 basis points in Asia to 2.871 per cent, rising further from this week's low of 2.759 per cent. As if to underline this point, over the last few days Italian two-year bond yields have increased by more than a staggering 1.5 percent as Italian bond investors have stampeded to the door.
  • India's GDP grows at 7.7 per cent in Q4 2017-18

    India's GDP grows at 7.7 per cent in Q4 2017-18

    Business

    The Indian economy grew 7.7 percent year-on-year in January-March, its quickest pace in almost two years driven by higher growth in manufacturing, the farm sector and construction. "The pick-up in investment activity is also a good sign". "Other indicators offered differing trends, such as the 7.1 per cent contraction observed in the capital spending of a sample of 10 state governments (Chhattisgarh, Gujarat, Haryana, Kerala, Odisha, Punjab, Rajasthan, Telangana, Tamil Nadu and Uttar Pradesh) ...
  • Starbucks closing for racial bias training

    Starbucks closing for racial bias training

    Business

    The guidelines encourage workers to ask if they would take the considered action with any customer, to verify the perceived situation with a co-worker and to dial 911 if the situation becomes unsafe. You can check the hours at your local Starbucks on the company's website . Common first began a relationship with Starbucks' executive chairman Howard Schultz after police killed Michael Brown in Missouri.
  • Waymo signs deal for 62,000 Chrysler Pacifica Hybrids

    Waymo signs deal for 62,000 Chrysler Pacifica Hybrids

    Business

    Waymo, a unit of Google's parent company, Alphabet, will begin purchasing the minivans late this year. FCA is a prominent auto-industry partner, providing a versatile minivan that can transport small groups of riders. For FCA, the partnership with Waymo allows the automaker to receive the technological benefit of advanced self-driving technologies without the high costs of development or the embarrassing public failures that have plagued some other automakers.
  • Trade war: ‘Europe United’ as European Union and Mexico respond to U.S. tariffs

    Trade war: ‘Europe United’ as European Union and Mexico respond to U.S. tariffs

    Business

    President Donald Trump imposed a 25 per cent tariff on steel imports and a 10 per cent tariff on aluminium in March, but granted temporary exemptions to the European Union and five other countries. The government said that Mexico's reciprocal tariffs would apply to steel flats, light bulbs, pork legs and shoulders, cold meats and prepared foods, apples, grapes, blueberries and a range of cheeses, among other products.
  • India pips China in GDP growth at 7.7% for Q4

    Business

    Data released by the Central Statistics Office (CSO) indicated that the economy is heading towards a positive direction. Garg said the agriculture sector has witnessed growth in the fourth quarter, while manufacturing and construction data indicate a "turnaround in the economy which going forward will give a good momentum to growth".
  • Bombardier plans two new luxury aircraft amid growing demand

    Bombardier plans two new luxury aircraft amid growing demand

    Business

    As demand continues to rise, Bombardier Business Aircraft has unveiled two new aircraft, that the company claims offers the smoothest rides. Bombardier's unveiling of the new Global 5500 and 6500 was quite a surprise to the crowd at EBACE in Geneva, as the company had kept the programs completely top secret.
  • Wall Street rebounds as Italy worries ease, energy shares soar

    Wall Street rebounds as Italy worries ease, energy shares soar

    Business

    Banks rose along with bond yields Wednesday after sustaining big losses a day ago. Automakers Toyota, Honda Motor and Nissan Motor as well as banks Mitsubishi UFJ Financial and Sumitomo Mitsui Financial lost 2-3 percent. The S&P 500 was up 34 points by the closing bell. All three major indices closed lower on Tuesday amid uncertainties about Italy's political situation, with the Dow plunging 500 points at session low.
  • 10 lakh bank employees to go on two-day strike from today

    10 lakh bank employees to go on two-day strike from today

    Business

    Some ATMs may also take a hit. Besides, deposit in branches, FD renewal, government treasury operation, money market operation would see the impact of the strike. and Bank management. The strike became imminent after the Chief Labour Commissioner (CLC) supported the cause, and asked Indian Banks Association (IBA) to respond.
  • Trump Set To Ban German Auto Imports

    Trump Set To Ban German Auto Imports

    Business

    This news follows news last week that Trump had already asked Commerce Secretary Wilbur Ross to launch an investigation into the national secret threat posed by imported cars, trucks, and auto parts, as well as wanting to add 25 percent tariffs on imported vehicles.
  • The euro is sliding amid political uncertainty in Italy

    The euro is sliding amid political uncertainty in Italy

    Business

    The yield on Italy's 10-year bond rose by about 0.4 percentage point to 3.1 percent. The sharp downturn followed from an equally harsh session on Wall Street on Tuesday, where the Dow Jones Industrial Average fell 1.6 percent, the S&P 500 lost 1.2 percent and the Nasdaq Composite dropped 0.5 percent.
  • Steel industry braces for U.S. tariffs on European exports

    Steel industry braces for U.S. tariffs on European exports

    Business

    Commerce Secretary Wilbur Ross . U.S. President Donald Trump is placing steel and aluminum tariffs on Canada, effective midnight tonight. US and European officials held last-ditch talks in Paris to try to reach a deal, though hopes are low and fears of a trade war are mounting.
  • Hospital offers treatment for cryptocurrency addicts

    Hospital offers treatment for cryptocurrency addicts

    Business

    It was only a matter of time before cryptocurrency traders, who often sit at their trading desks for long hours at a time, attempting to reap fortunes, would need similar treatment. Now, those struggling with cryptocurrency trading or market obsession can seek treatment through the clinic's general gambling rehabilitation. It is said to offer the much needed escape from reality and is exciting as well.
  • Inside Billionaire Jeff Bezos’ Plans to Colonize the Moon

    Inside Billionaire Jeff Bezos’ Plans to Colonize the Moon

    Business

    According to Bezos, only the light industries should be situated on the Earth whereas all kinds of heavy industries releasing harmful pollutants should be situated on the moon . He buys targeted attack ads on Brainbook, which are beamed directly into voters' heads, so incensing Bezos he repositions the moon, leaving Washington DC in permanent eclipse, and uninhabitable.
  • Where to get free doughnuts on National Doughnut Day this Friday

    Where to get free doughnuts on National Doughnut Day this Friday

    Business

    Indulge in sugary treat specials and giveaways around the city, and in the immortal words of pastry connoisseur Homer Simpson, "Mmmmmm... doughnuts". LaMar's Donuts will once again give out free glazed doughnuts; free coffee will be available at the Near South Russ's Market; and Salvation Army bell ringers will appear at both businesses this Friday for National Doughnut Day.
  • Tesla Flies in New Battery Production Line for Nevada Gigafactory

    Tesla Flies in New Battery Production Line for Nevada Gigafactory

    Business

    At least this is what two sources familiar with the situation, speaking under anonymity, told Reuters late last week . One of the sources noted that the first two shipments of robotics and other equipment had arrived at the Nevada Gigafactory , and they are expected to be installed in Gigafactory 1's battery module production line.
  • Microsoft's value overtakes Alphabet for the first time in three years

    Business

    According to a CNBC report, Microsoft has officially surpassed Google to become the world's third most valuable company , achieving a market cap of $749 billion compared to Alphabet's (Google's parent company) $739 billion cap. Microsoft and Google compete directly in many businesses based on cutting edge technology, including artificial intelligence, speech recognition and cloud computing.
  • Tough Government Rules Keep Tesla Away From Indian Roads, Says Elon Musk

    Tough Government Rules Keep Tesla Away From Indian Roads, Says Elon Musk

    Business

    In response, Tesla CEO Elon Musk last week said he would address the problem with a software update in a few days and improve the Model 3 until it "has better braking than any remotely comparable auto". With this in mind, Consumer Reports stated in its updated results that it would be renting another vehicle to validate Musk's statements about the more recent improvements to the Model 3.
  • Carphone Warehouse closures - 92 will go

    Carphone Warehouse closures - 92 will go

    Business

    He said today that he planned to cut costs to help the mobile phone and electricals retailer recover and had already started a process to simplify its processes. Dixons Carphone added that full year pre-tax profit is expected to come in at £382 million, down from £501 million in 2017. United Kingdom revenues were down one per cent, but Group revenues rose 3 per cent thanks to growth in Nordics and in Greece.
  • De Beers to sell diamonds 'grown' in Berkshire laboratory

    De Beers to sell diamonds 'grown' in Berkshire laboratory

    Business

    De Beers is moving to sell diamonds made in a lab rather than formed underground over billions of years. But now, after 70 years of telling consumers "a diamond is forever", De Beers is rethinking its message. The average selling price per rough diamond carat fell 13% to $162. As Ariel Baruch, a jeweler at a company that sells lab-grown diamonds told Popular Science , "If anyone tells you they can tell the difference without the machine, they're lying".