Economy

Coca-Cola denies reports they are looking at making cannabis-based drinks

Coca-Cola denies reports they are looking at making cannabis-based drinks

Citing unnamed sources Bloomberg today claimed that Coca-Cola is set to work with Aurora Cannabis on wellness drinks containing CBD, a non-psychoactive ingredient in cannabis. "No decisions have bee...

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US duties spare Apple gadgets, but hit cloud industry

US duties spare Apple gadgets, but hit cloud industry

On Monday, the US administration said it will begin to levy new tariffs of 10 percent on about $200 billion of Chinese products on September 24, with the tariffs to go up to 25 percent by the end of...

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Trump says he will announce decision on China tariffs after market close

Trump says he will announce decision on China tariffs after market close

President Trump announced Monday that he is ordering 10 percent tariffs on $ 200 billion worth of imports from China. U.S. Treasury Secretary Steven Mnuchin has made clear that high-level talks aim...

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Iran says Saudi Arabia and Russian Federation have taken oil market 'hostage': SHANA

Iran says Saudi Arabia and Russian Federation have taken oil market 'hostage': SHANA

Despite the supply-side risks posed by Venezuela and Iran , however, spare capacity in Saudi Arabia and Iraq , coupled with potential output recovery in Libya and Nigeria , could help balance...

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Australian officials warn of needle danger for 6 strawberry brands

Queensland Police are now heading an investigation aimed at tracking down the source of the needles. It is believed the consumer had purchased the brand "Delightful" but returned it after a pin was...

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FDA takes action against e-cigarette epidemic among youth

FDA takes action against e-cigarette epidemic among youth

The FDA singled out Juul in its press release, saying that the company's products are especially popular among, and unsafe for, high school students. They're really potent deliverers of nicotine, wh...

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Jack Ma announced that Daniel Zhang will replace him as co's Chmn

Jack Ma announced that Daniel Zhang will replace him as co's Chmn

Ma made the announcement on his 54th birthday, capping a storied two-decade career during which the former English school-teacher built Alibaba into one of China's most celebrated corporations, runnin...

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GREAT AGAIN: August Jobs SURGE, +201K, Unemployment at 3.9%

GREAT AGAIN: August Jobs SURGE, +201K, Unemployment at 3.9%

There were also gains in transportation and healthcare employment. In August, factories expanded at their quickest pace in 14 years, according to a survey of purchasing managers. A wider measure of ...

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Bernie Sanders introduces 'Stop BEZOS Act' in the Senate

Bernie Sanders introduces 'Stop BEZOS Act' in the Senate

The bill would establish a tax on corporations with 500 or more employees equal to the dollar amount of federal benefits those workers receive. Because of low wages , taxpayers must shell out $ 1...

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Tesla Stock Is Tanking After Elon Musk Lost a Top Executive

Tesla Stock Is Tanking After Elon Musk Lost a Top Executive

Toledano told Bloomberg she would not return to the firm after a leave of absence, following a similar decision made over the summer by Tesla's head of vehicle programs, Doug Field. "Come on man...

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Goldman drops bitcoin trading plans for now

Goldman drops bitcoin trading plans for now

The entire cryptocurrency market seems to be in the hands of the bears once again. On his part, Chavez said that Goldman wasn't scaling back its roadmap - which he said was never actually set in s...

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Obama accuses Trump & Republicans of 'abuses of power'

Obama accuses Trump & Republicans of 'abuses of power'

During a speech at the University of IL at Urbana-Champaign on Friday, Obama said the country is in a "backlash" moment. Appearing on Fox News after Obama's speech , Mercedes Schlapp (White House s...

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Oil prices rise as Gulf of Mexico rigs evacuated

Oil prices rise as Gulf of Mexico rigs evacuated

Brent crude futures were lower on Tuesday afternoon in Asia , trading down 0.10 percent to $78.07 per barrel. Oil prices rose on Monday, supported by concerns that falling Iranian output will ...

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Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

The recent slump in rupee also has lifted the import cost of crude oil, subsequently raising fuel prices. Union Minister for Petroleum and Natural Gas Dharmendra Pradhan assured that rise in the f...

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Trump cancels pay raises for federal employees

Trump cancels pay raises for federal employees

In a letter to House and Senate leaders, Trump described the pay increase as "inappropriate". "We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets...

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Theresa May signs £300 million trade deals with Africa

Theresa May signs £300 million trade deals with Africa

The visit came at a time of enormous change across Africa with a unique opportunity for the United Kingdom to become a truly Global Britain to invest in and work alongside African nations, with mutual...

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Here's Why Coca-Cola Is Buying Costa Coffee for $5.1 Billion

Here's Why Coca-Cola Is Buying Costa Coffee for $5.1 Billion

Costa Coffee has been sold to Coca-Cola for £3.9 billion, it has been announced . Costa has close to 4,000 retail outlets worldwide and is described by Coca-Cola in its statement as having "high...

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Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk

Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk

A report published by BuzzFeed News on Wednesday revealed that Unsworth has retained legal counsel and is preparing to file a civil complaint for libel. He reportedly prompted an investigation fro...

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Theresa May says no-deal Brexit 'wouldn't be end of the world'

Theresa May says no-deal Brexit 'wouldn't be end of the world'

He also welcomed UK's support at strengthening democratic institutions in the country. Speaking in Cape Town, South Africa , May said 87 million Nigerians were living below the poverty line of $1 a...

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The U.S. And Mexico Have Teamed Up To Cheat Canada

The U.S. And Mexico Have Teamed Up To Cheat Canada

While Mexico's top negotiator, economy minister Ildefonso Guajardo reiterated Monday that the next step was for Canada to rejoin the discussions on the trilateral accord, Trump said, "We could have a ...

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Dollar dips, global stocks inch up ahead of Powell speech

Dollar dips, global stocks inch up ahead of Powell speech

Most people who want jobs can find them. Two top Fed officials made clear Thursday that Trump's criticism won't affect their decisions on whether to continue raising rates . A slower pace of rate i...

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Jacksonville: police report 'multiple fatalities' in Florida mass shooting

Jacksonville: police report 'multiple fatalities' in Florida mass shooting

The shooting reportedly occurred as a video game tournament was happening. About 15 million people tune into Twitch each day to watch live or archived videos, which in addition to video game pla...

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Trump says market would 'crash' if he were impeached

Trump says market would 'crash' if he were impeached

What did he say about hush money? In an interview with Fox News aired on Thursday, Trump said he paid Cohen out of personal funds and the payments were meant to resolve a personal matter, not...

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Australian PM stubbornly clings to power, offers possible second leadership vote

Australian PM stubbornly clings to power, offers possible second leadership vote

Turnbull, whose Liberal Party is the senior partner in the coalition government, had won a party-room vote by 48 to 35 on Tuesday, but the unconvincing victory had left him vulnerable to another cha...

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US Blacklists Two More Russian Firms for Sanctions Violations

US Blacklists Two More Russian Firms for Sanctions Violations

British Foreign Secretary Jeremy Hunt told an audience in Washington it is essential for the U.S., Britain and the European Union to stand firm against Russian President Vladimir Putin's increasingl...

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