• Huawei executive 'was taken to hospital' after extradition arrest
Huawei executive 'was taken to hospital' after extradition arrest

Authorities arrested Ms. Meng on December 1 as she was transiting through Vancouver International Airport, and she has been detained in a B.C. prison. No one was hurt and no one was arrested, police added. On Sunday, Chinese officials summoned the US ambassador to Beijing to protest Ms. Meng's detention.

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  • Elon Musk talks pot, the SEC, and Twitter flame wars
Elon Musk talks pot, the SEC, and Twitter flame wars

Like, freedom of speech is fundamental. "I want to be clear: I do not respect the SEC", Musk said . " Challenged on how this could be determined if no one is actually checking them, he just says that they " might make some mistakes sometimes ".

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  • Lyft Beats Its Rival Uber During The IPO Filing
Lyft Beats Its Rival Uber During The IPO Filing

With a listing at the beginning of the year, it will be the biggest amount in what many expect to be a series of public debuts among those highly-coveted companies in Silicon Valley. Rival Lyft is said to be valued at $15 billion. Still, Uber operates in more than 70 countries, while Lyft is in the US and Canada, although the smaller company is p...

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  • Marlboro's Parent Company Altria Buys Massive Stake In Cannabis Firm Cronos
Marlboro's Parent Company Altria Buys Massive Stake In Cannabis Firm Cronos

Altria will pay another $1.4 billion for warrants that if exercised, would give the Altria a 55 percent ownership stake in the Toronto company. Prior to Friday's announcement, Cronos had confirmed reports that it was in talks with Altria .

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  • Falling Below Expectations, November Sees 155,000 Jobs Created
Falling Below Expectations, November Sees 155,000 Jobs Created

The African-American unemployment rate, often touted by President Donald Trump, fell to a record low of 5.9%. Both the labor force participation rate and the employment-population ratio were left largely unchanged at 62.9 percent and 60.6 percent, respectively.

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  • Brexit legal advice warns United Kingdom could be trapped in endless negotiations
Brexit legal advice warns United Kingdom could be trapped in endless negotiations

If parliament rejects her deal, Mrs May has warned Britain could leave without a deal or that there could be no Brexit at all. "If we get to the point where it might be needed, we have a choice as to what we do, so we don't even have to go into the backstop at that point", she said.

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  • Huawei financial boss arrested in Canada
Huawei financial boss arrested in Canada

Huawei is one of the world's leading makers of telecommunications network equipment. According to Meng's official company biography, she joined the company in 1993 and also serves as deputy chairwoman of the board. Earlier this year, Huawei's rival ZTE Corp . was slapped with a ban on buying USA -made equipment over similar accusations. Canad...

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  • Qatar Wants Out of OPEC. What Will That Mean at the Pump?
Qatar Wants Out of OPEC. What Will That Mean at the Pump?

According to OPEC's data, Qatar's production is less than 2 percent of OPEC's total production, which is estimated at more than 33 million barrels per day. Delegates at OPEC, which has 15 members including Qatar, sought to play down the impact. Europe and Asia stock markets were boosted by the news and oil prices were also positively impacted ...

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  • George H.W. Bush’s funeral and memorial services plan
George H.W. Bush’s funeral and memorial services plan

Sully the dog will be travelling with the casket on the flight from Texas to Washington DC on Monday. Sully will make the journey with his last master to Washington D.C. A memorial service for President Bush will be conducted at St. Martin's Episcopal Church. To honor the former president, the global nonprofit Points of Light, founded by Bus...

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  • G20 leaders back WTO reforms amid global trade tensions
G20 leaders back WTO reforms amid global trade tensions

Beijing hopes to persuade Trump to abandon plans to hike tariffs on $200 billion U.S. of Chinese goods to 25 per cent in January, from 10 per cent at present. Leaders of the world's largest economic powers have agreed to overhaul the global body that regulates trade disputes, but they faced resistance from President Donald Trump over the Paris ac...

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  • China Focus: D&G products removed from e-commerce sites amid racism accusations
China Focus: D&G products removed from e-commerce sites amid racism accusations

Owing to its size, China is indeed a big market to lose for any brand by given its intricacies it can also be a tricky market to manage. When South Korea employed THAAD, a USA anti-ballistic missile defence system deployed in South Korea as tensions on the peninsula were rising, China quickly responded to THAAD with a ban on tour group travel t...

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  • Trump warns Apple iPhones could face 10% tariff, shares sink
Trump warns Apple iPhones could face 10% tariff, shares sink

Mr Trump said it was " highly unlikely " that he would agree to Beijing's request to hold off on the tariff rise, the newspaper said. Speaking to the Wall Street Journal , Trump said that the only deal he would take from China would be to open up to USA competition.

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  • Nissan board votes to oust arrested CEO
Nissan board votes to oust arrested CEO

Ghosn is one of the auto industry's most high-profile executives. Nissan insisted Ghosn's arrest followed several months of internal investigation following allegations from a whistleblower. Both Ghosn and Kelly could get up to 10 years in prison, a fine of up to 10 million yen, or both for filing a false financial statement. The board of ...

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  • Trump's economic moves fail to prevent GM closures
Trump's economic moves fail to prevent GM closures

General Motors is closing plants in Canada, Ohio, Maryland and MI and cutting its workforce by 15 percent as part of a company-wide restructuring announced by the company on Monday. "His trade wars are backfiring". Presumably some corporate PR strategy already exists to deal with Trump's inevitable complaints about the company being "ungratefu...

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  • ‘We are not robots’: Amazon workers protest in Europe on Black Friday
‘We are not robots’: Amazon workers protest in Europe on Black Friday

In a statement to FN, an Amazon spokesperson said: "We have fixed the issue and informed customers who may have been impacted". That facility employs 1,800 workers and was last on strike during Amazon Prime Day, another major shopping day for the company in May, according to UNI Global Union.

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  • European Union 'closer' to agreement with Spain over Brexit
European Union 'closer' to agreement with Spain over Brexit

British Prime Minister Theresa May will then have the momentous task to sell the deal to her recalcitrant Parliament and a nation still fundamentally split whether the United Kingdom should leave the European Union on March 29 and under what conditions.

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  • Which? reveals 87% of Black Friday bargains were cheaper earlier in year
Which? reveals 87% of Black Friday bargains were cheaper earlier in year

The LG 60UJ630V , a 60-inch 4K TV, was advertised at £799 by Amazon on Black Friday. "Acme Tool is pushing some serious Milwaukee Tool Black Friday deals with sales on their M18 FUEL brushless 1/2" hammer drill, M18 FUEL blowers, and M12 drill and impact driver kits.

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  • Carlos Ghosn: Nissan and Mitsubishi shares slump after chairman's arrest
Carlos Ghosn: Nissan and Mitsubishi shares slump after chairman's arrest

Prosecutors said on Tuesday that they were holding Mr Ghosn for allegedly collaborating to falsify securities statements and under report Mr Ghosn's income. Companies in the alliance own parts of each other and share investments in new technologies, among other things. "In terms of structural issues, 43 percent is held by Renault and the head of ...

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  • Possible salmonella outbreak triggers recall of 91000 pounds of
Possible salmonella outbreak triggers recall of 91000 pounds of

The recall is the first tied to an outbreak the U.S. Department of Agriculture says is widespread. The CDC is "NOT advising that consumers avoid eating properly cooked turkey products, or that retailers stop selling raw turkey products", the agency states on its website.

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  • More than 400 hurt in French fuel price protests - minister
More than 400 hurt in French fuel price protests - minister

French officials say over a quarter of a million people across the country took part in protests against rising fuel taxes over the weekend. "He needs to think about the poor as well", said Andre, a 38-year-old with no driver's license who nonetheless joined a blockade in Dole, eastern France.

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  • Oil rout runs to 12 days on supercharged selling
Oil rout runs to 12 days on supercharged selling

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bearish contrarian trading bias. Yet there is also worry about oversupply, resulting once again from the relentless increase in US crude oil production, which two weeks ago hit 11.6 million barr...

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  • Russia’s oil production in November to stay at October’s level - energy minister
Russia’s oil production in November to stay at October’s level - energy minister

Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day (bpd) in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in getting other producers to agree to a coordinated output cut.

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  • Oil slips after US output hits record, crude stocks rise
Oil slips after US output hits record, crude stocks rise

The cost of the futures on WTI for December on the electronic session on the NY Mercantile exchange (NYMEX) decreased by this time $0,76 (1,25%) to $59,91 per barrel. He said the US has evidence that Iranian vessels are trying to evade USA sanctions by disabling location transponders used to prevent collisions. Meanwhile, Opec's production in O...

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  • FAA Issues Emergency Order For Boeing 737 MAX 8s & 9s
FAA Issues Emergency Order For Boeing 737 MAX 8s & 9s

Boeing said that the Indonesian National Transportation Safety Committee had "indicated that Lion Air flight 610 experienced erroneous input from one of its AOA (angle of attack) sensors". The device was replaced in Bali after pilots reported a problem with airspeed reading, the Indonesian transportation safety regulator said Wednesday.

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  • Lowe's to Close 51 Stores
Lowe's to Close 51 Stores

The company announced it will close 20 US stores and 31 locations in Canada. The majority of affected stores are located within 10 miles of another Lowe's store. Lowe's Canada is closing 27 of its home improvement stores in Canada, mostly outlets obtained in its purchase of Rona in 2016, but Winnipeg will be left unscathed.

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  • U.S. issues directive after Boeing alerts pilots following Indonesia crash
U.S. issues directive after Boeing alerts pilots following Indonesia crash

Indonesian accident investigators said on Monday that an airspeed indicator on the crashed jet was damaged for its last four flights, but US authorities responded cautiously to suggestions of fleet-wide checks. The 787 Max 8 is the second Boeing aircraft to experience serious technical problems soon after its introduction, leading some analysts t...

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  • China says Xi-Trump phone call 'extremely positive'
China says Xi-Trump phone call 'extremely positive'

It is not yet clear, however, if Trump reduced his demands on China or if Beijing offered additional trade concessions. Trump said trade talks were "moving along nicely" and that meetings were "being scheduled" at the G20 summit in Buenos Aires.

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  • Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend
Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend

He is also scheduled to meet Premier Li Keqiang, president of the Asian Infrastructure Investment Bank, Jin Liqun, and Minister for International Department of the Central Committee Communist Party of China Song Tao. Unfortunately, our country is going through a low point at the moment with two very big deficits, a fiscal deficit and a current ac...

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  • WTI Crude Oil and Natural Gas Forecast
WTI Crude Oil and Natural Gas Forecast

Meanwhile, with USA sanctions on Iranian oil exports set to commence this Sunday, the market is waiting to see as to what extent global supply will be impacted due to loss of Iranian oil. After hitting a multiyear high just one month ago, US light crude has lost almost 20 percent and has shown a pattern that hasn't been seen in some time, according...

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  • RBI special sections invoked, Urijit Patel may resign
RBI special sections invoked, Urijit Patel may resign

Giving control of the Reserve Bank of India to its Board of Directors effectively gives this control to thel government. Neither denying nor accepting, the Ministry of Finance has issued a statement saying that extensive consultations on several issues take place between the government and the RBI and only final decisions are communicated.

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