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Google reportedly paid millions of dollars to acquire the data provided by Mastercard, and the companies have discussed sharing a portion of the ad revenues facilitated by the deal, although there is now no such revenue sharing agreement now in place.
  • Citing Trump tariffs, Ford cancels China-built Focus Active crossover for US

    Citing Trump tariffs, Ford cancels China-built Focus Active crossover for US

    Markets

    The Trump administration has so far slapped 25 percent tariffs on $50 billion in Chinese goods. The automaker said that its decision to renege on previously announced plans to ship the Ford Focus Active crossover from Asia was based on 25-percent import tariffs imposed on vehicles built in China by President Donald Trump.
  • Re hits 71 on oil price, dollar demand

    Re hits 71 on oil price, dollar demand

    Markets

    Barua noted. It was also weighed down by weakness in Asian currencies. Mumbai: The rupee slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the U.S. The rupee previously had closed at a record low of 70.16 to the dollar on Monday. The unit is overvalued in any case. "On the domestic front, the intensity of the RBI's intervention has dissipated".
  • At 8.2%, GDP grows at its quickest pace in 2 years

    At 8.2%, GDP grows at its quickest pace in 2 years

    Markets

    Industry grew 10.3 per cent in Q1 FY19 from merely 0.1 per cent in Q1 FY18, owing to a significant rise in manufacturing (13.5 per cent) and construction (8.7 per cent), both of which, according to the report, have exhibited growth because of low base and strong Q1 results.
  • Donald Trump terminating NAFTA, negotiating with Canada

    Donald Trump terminating NAFTA, negotiating with Canada

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    While critics said Canada had been frozen out, Freeland has repeatedly stressed that she remained in close touch with her U.S. and Mexican counterparts throughout the summer and had already achieved "a high-level agreement with the US" on some the pending issues on autos and labor rights.
  • Trump Has Fighting Words for the World Trade Organization

    Trump Has Fighting Words for the World Trade Organization

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    Since taking over the White House after the 2016 elections, President Trump has rattled the world trade with his policies that he says are aimed at protecting American interests, but which have alienated numerous US' old allies and major trading partners.
  • India’s GDP Grew 8.2% in the Last Quarter

    India’s GDP Grew 8.2% in the Last Quarter

    Markets

    The segment grew by 9.9 per cent in Q1FY19, down from 13.3 per cent in Q4FY18. "Oil prices at current levels will raise expenditures and add to existing pressures on the fiscal position stemming from the lowering of goods and services tax (GST) rates on a range of consumer goods and a tax cut for small businesses as well as the relatively high minimum support prices (MSPs) set for this year", Moody's said.
  • Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

    Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

    Markets

    But Coca-Cola will face a fight, as rivals are also bulking up in a fragmented market, keen to attract young people prepared to pay out for barista-made drinks and developing tastes for ever more exotic coffees. Whitbread acquired Costa in 1995 for 19 million pounds when it had only 39 shops. The Press Association reported in May that Whitbread had been approached informally over a potential buyout of Costa.
  • Tesla takes flight in Barrie, driver charged

    Tesla takes flight in Barrie, driver charged

    Markets

    After bouncing twice, the vehicle crashed just out of frame in the auto park of Assikinack Public School. They said when the 2016 Telsa crossed the steep incline leading up to the railway tracks just north of Huronia Road it became airborne and crashed 100 feet away onto the street.
  • Trump freezes federal worker pay, citing 'serious economic conditions'

    Trump freezes federal worker pay, citing 'serious economic conditions'

    Markets

    That's roughly the same amount that his border wall is expected to cost , and the GOP-pushed tax cuts are projected to add billions to the federal deficit. Trump cited the "significant" cost of employing federal workers as justification for denying the pay increases, and called for federal worker pay to be based on performance and structured toward recruiting, retaining and rewarding "high-performing Federal employees and those with critical skill sets".
  • Federal Court of Appeal quashes of approval of Trans Mountain

    Federal Court of Appeal quashes of approval of Trans Mountain

    Markets

    The case combined almost two dozen lawsuits calling for the NEB's review of the project to be overturned. Since that is a major concern of some aboriginal people, the federal government therefore was not seen to have adequately consulted First Nations, as required by law, said Andrew Leach, associate professor of business economics at University of Alberta.
  • JetBlue Airways to raise baggage fees

    JetBlue Airways to raise baggage fees

    Markets

    For years, the airlines had allowed passengers to check their first bag for free, a policy that largely ended across the industry back in 2014. "Customers consistently tell us what they love most about JetBlue: free Fly-Fi on all aircraft, live television and free entertainment, the most legroom in coach, free snacks, and great service", said Doug Mcgraw, Vice President, Corporate Communications at JetBlue Airways .
  • Vodafone and TPG confirm plan to merge

    Vodafone and TPG confirm plan to merge

    Markets

    The merger would bring together the more than 27,000km of fibre networks and 500 mobile sites owned by the pair across Australia, making it one of Australia's largest full-service telcos. The deal is expected to be completed next year, subject to approval from regulators including the Foreign Investment Review Board and competition watchdog.
  • Where's The Black Money? Almost All Banned Notes Returned: Foreign Media

    Where's The Black Money? Almost All Banned Notes Returned: Foreign Media

    Markets

    The central bank's annual report that came out Wednesday - which includes an assessment of India's currency management, a subject that has a number of implications for the impact of demonetisation - lays out a few implications of how one of the Modi government's controversial decisions has played out almost two years later.
  • Turns Out That ‘Pedo’ Diver’s Lawyer Did Contact Elon Musk

    Turns Out That ‘Pedo’ Diver’s Lawyer Did Contact Elon Musk

    Markets

    Responding to criticism by a Twitter user, Musk appears to confirm his previous accusation against the rescuer Vern Unsworth. Musk said that he had "spoken in anger" after Unsworth accused him and SpaceX engineers of orchestrating a " PR stunt " by sending a small submarine to help divers rescue the 12 Thai soccer players and their coach from a flooded cave.
  • UK PM says no-deal Brexit not 'the end of the world'

    UK PM says no-deal Brexit not 'the end of the world'

    Markets

    She told the BBC that this was not unrealistic, given that the United Kingdom was already the largest foreign investor in South Africa , the continent's largest economy. "True partnerships are not about one party doing unto another, but states, governments, businesses and individuals working together in a responsible way to achieve common goals", May said.
  • Canada rejoins talks to stay in NAFTA, deal possible this week

    Canada rejoins talks to stay in NAFTA, deal possible this week

    Markets

    Canada's NAFTA negotiator, Foreign Minister Chrystia Freeland, is cutting short a trip to Europe to fly to Washington Tuesday to try to restart talks. Talks have also been stymied by the Trump administration's insistence on a "sunset clause" that would end NAFTA in five years unless all three countries agreed to continue it.
  • US, Mexico reach NAFTA deal, turn up pressure on Canada

    US, Mexico reach NAFTA deal, turn up pressure on Canada

    Markets

    U.S. Treasury Secretary Steve Mnuchin said he believed the United States can reach a trade deal with Canada this week after coming to an agreement with Mexico. They'll have to use more local steel and aluminum. Because of strong demand in the US, prices for steel produced in the country was up by around 40 percent as early July, according to Global News, a Canadian outlet.
  • Trump announces new United States trade deal with Mexico

    Trump announces new United States trade deal with Mexico

    Markets

    More broadly, the deal vindicates Trump's approach to trade, which has been lambasted by voices ranging from Wall Street to the national security establishment to the Chamber of Commerce, as well as mavens from both political parties. "If they'd like to negotiate fairly, we'll do that", he told reporters at an Oval Office press conference on Monday. The preliminary deal also says that 40 to 45 percent of the auto content must be made by workers earning at least $16 an hour.
  • Toyota to invest $500 million in Uber for self-driving cars

    Toyota to invest $500 million in Uber for self-driving cars

    Markets

    By expanding into autonomous vehicles, Uber also hopes to ward off a looming competitive threat from another early investor, Google and its self-driving auto spin-off Waymo, which is poised to launch its own ride-hailing service in Arizona before the end of this year.
  • Will a Saudi Aramco IPO ever happen?

    Will a Saudi Aramco IPO ever happen?

    Markets

    The IPO, created to raise money for reinvestment in non-oil industries, was one of the most prominent of the government's reform plans. Saudi Arabia is also said to be stepping up plans to seek more than $10 billion in bank loans to bolster its sovereign wealth fund, which it had hoped to buttress by listing Aramco.
  • Trump Organization Finance Chief Gets Immunity

    Trump Organization Finance Chief Gets Immunity

    Markets

    Trump had directed him to arrange payments to two women during the 2016 campaign to keep them from speaking publicly about affairs they said they had with Mr. While previous weeks have seen long streams of largely rambling discourse striking back at the Mueller investigation and others he has perceived as enemies, the President stuck to retweeting himself and, in one case, replying to himself.
  • SEC to Review Decision Disapproving Nine Bitcoin ETFs

    SEC to Review Decision Disapproving Nine Bitcoin ETFs

    Markets

    Secondly, Kelly pointed out that prior to an eventual ETF acceptance, it will be essential for the SEC to find a way to accurately survey the market , which will help to mitigate the risk of market manipulation and trading fraud. With the positive indication given by the SEC through the denial , that their rejection of the proposed ETF does not constitute a wider criticism of Bitcoin and blockchain, there is indication that the industry is moving in the right direction for acceptance as a ...
  • Ryanair to introduce hand luggage fees for small suitcases

    Ryanair to introduce hand luggage fees for small suitcases

    Markets

    Sixty per cent of customers will be unaffected, because they either pay for priority boarding already or travel with only a small bag, according to Kenny Jacobs, Ryanair's chief marketing officer. The low cost airline will only allow passengers to take on "small personal bag" into the cabin for free, which will be required to fit under the seat in front.
  • Powell signals more hikes ahead if U.S. economy stays strong

    Powell signals more hikes ahead if U.S. economy stays strong

    Markets

    Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. A strong economy and robust corporate results have supported investment appetite for equities. The dollar slid against the euro Friday while stock markets mostly rose before a key speech by the head of the US Federal Reserve .