Money

Federal government and Ontario spar over USMCA trade deal

Federal government and Ontario spar over USMCA trade deal The deal largely keeps the framework of NAFTA intact, with some changes. Federal Finance Minister Bill Morneau says Canada's new trade deal will bring more economic stability, even as the government works to fairly compensate dairy farmers and deal with the dissatisfied steel and aluminum industry. [Full Article...]

With new trade pact, Trudeau dumps China for Trump

With new trade pact, Trudeau dumps China for Trump President Donald Trump agreed to a new version of the North American Free Trade Agreement ( NAFTA ) with Canada and Mexico on Sunday. A second requirement of the agreement is that 40 to 45 per cent of vehicle content must be produced by workers earning at least US$16.00 per hour. [Full Article...]

Trump calls Saudi's King to discuss oil supplies

Trump calls Saudi's King to discuss oil supplies WTI has risen around 18% since mid-August. Worldwide benchmark Brent crude oil futures LCOc1 were at $85.28 per barrel, up 30 cents, or 0.4 percent, from their last close. In the near future, the oil market would be concerned with the ongoing trade disputes as it might lead to slowdown of economic growth across the world, especially in the case of China. [Full Article...]

Supermarket giant unveils new discount brand at Chatteris site

Supermarket giant unveils new discount brand at Chatteris site The fledgling chain is named after Sir Jack Cohen, the Londoner who founded Tesco in 1919 and whose motto to "pile it high and sell it cheap" is in keeping with the aim of the new venture. "The intention is for us to be cheapest in town", he said at the Chatteris store, which was built as a Tesco supermarket, but was mothballed in 2015 when the group was in crisis. [Full Article...]

Amazon Raises Minimum Wage for U.S. Workers to $15 Per Hour

Amazon Raises Minimum Wage for U.S. Workers to $15 Per Hour Also, Amazon will start advocating for a higher federal minimum wage, which has been $7.25 since 2009. "It is no secret that I have been a harsh critic of the wage and employment practices of Amazon and its owner Jeff Bezos ", Sanders said at a news conference on Capitol Hill. [Full Article...]

GE ousts Flannery, names Lawrence Culp chairman and CEO

GE ousts Flannery, names Lawrence Culp chairman and CEO While John Flannery's tenure at the helm of General Electric (GE.N) was far shorter than that of his predecessor Jeff Immelt, the two former chiefs have one thing in common: They both presided over a sharp drop in GE shares. Mr Flannery had been in the role for less than two years. Thomas Horton was named lead director . In June, Flannery made good on that promise when GE said it would spin off... [Full Article...]

Tesla shares soar after Musk settles with SEC

Tesla shares soar after Musk settles with SEC Along with leaving, Musk has to pay a $20 million fine for a tweet he fired off saying he planned on a massive buyout of Tesla . Now, the company has to hire a chairman to replace Musk (something corporate governance experts have suggested for years), along with 2 new independent directors. [Full Article...]

Amazon hikes pay for United States and United Kingdom workers following criticism

Amazon hikes pay for United States and United Kingdom workers following criticism The only thing that isn't clear is if these wage increases also affect Amazon's delivery drivers, many of which are classified as gig economy workers. Those gains came in the same year that a number of Amazon's employees were found to be relying on the federal Supplemental Nutrition Assistance Program - SNAP - which until recently was commonly called food stamps. [Full Article...]

Canada, US and Mexico's make 'historic transaction' with new trade agreement

Canada, US and Mexico's make 'historic transaction' with new trade agreement For more on this and other news around the world we turn to our Ro Aram... Prime Minister Justin Trudeau would only say it was a "good day for Canada" as he left a late-night cabinet meeting in Ottawa that capped several days of frenetic long-distance talks that included Foreign Affairs Minister Chrystia Freeland and U.S. [Full Article...]

Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Petrol price crosses Rs 91-mark; cooking gas above Rs 500 Prices of the fuel in Delhi, Kolkata , Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.09 and Rs 79.40 a litre respectively, up from the Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively. It was priced at Rs 491.21 in May. According to International Olympic Committee, the subsidy transfer in customers' bank account has been increased to Rs 376.60 per cylinder in October as again... [Full Article...]

GE's Flannery steps down as CEO, shares jump 15 percent

GE shares jumped 10.2 percent to $12.44 as investors bet Culp could re-energize the GE brand and more quickly transform its portfolio. But since his appointment in August 2017, GE's business woes have grown and its stock price has sunk to new lows. [Full Article...]

California's 'gold standard' net neutrality becomes law

California's 'gold standard' net neutrality becomes law Advocates of net neutrality hope the move in the home of the global technology industry will have national implications, prompting Congress to enact national net neutrality rules or encouraging other states to follow suit. It also applies the net neutrality rules to so-called "interconnection" deals between network operators, something the FCC's 2015 rules didn't explicitly do. [Full Article...]

Tweet storm: Musk quits as chairman over false claims

Tweet storm: Musk quits as chairman over false claims The SEC's lawsuit had sought to bar Musk from serving as an officer or director of a public company, a prospect that rattled investors. Tesla jumped in pre-market trading after Elon Musk settled a United States lawsuit over his take-private tweet storm, reassuring investors that the billionaire will keep calling the shots at the electric-car maker he's said is on the verge of profitabi... [Full Article...]

Facebook’s biggest security breach: Do these security checks for your account

Facebook’s biggest security breach: Do these security checks for your account Interestingly enough, two notable people have been impacted by the hack: Facebook founder Mark Zuckerberg and COO Sheryl Sandberg. Facebook and sites like Google , Twitter and Tumblr are also accused of having allowed the spread through their networks of "fake news", including to manipulate public opinion ahead of the USA election in favour of Trump. [Full Article...]

Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

Elon Musk’s Bloomberg reports that Tesla's plunging stock price is a sign that investors wanted Musk to cut a deal with the Securities and Exchange Commission as soon as possible. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", said SEC enforcement division co-director Steven Peikin . [Full Article...]

U.S., Canada Reach Prelminary Trade Deal: Canadian Official

U.S., Canada Reach Prelminary Trade Deal: Canadian Official Even Trudeau has been pulled into the fray: on what's usually a personal day for the prime minister, his itinerary said he'd be spending Sunday in "private meetings" and he was seen entering his office early Sunday evening. Chapter 19 and the 232 tariffs had emerged in recent days as the two biggest challenges in front of negotiators. The original NAFTA pact, signed by the United States, Canada,... [Full Article...]

Air Force Awards Boeing $9 Billion Contract

Air Force Awards Boeing $9 Billion Contract In addition to T-X fighter and bomber training aircraft, Boeing will supply the Air Force with simulators and associated ground equipment. Boeing partnered with Saab to design, build and test two T-X aircraft models in support of the team's bid for the program that seeks to replace the service's fleet of T-38C Talon trainers. [Full Article...]

Volkswagen steps up drive to connect cars through Microsoft cloud

Volkswagen steps up drive to connect cars through Microsoft cloud Based on Microsoft's Azure platform , it will also support all future VW digital services and mobility offerings. The German giant announced Friday that it will be teaming up with Microsoft for connected vehicle and cloud services despite a hush-hush deal with Apple to develop autonomous technology. [Full Article...]

Financial regulators file complaint against Tesla's Elon Musk

Financial regulators file complaint against Tesla's Elon Musk Many believe Musk's tweets were likely to be weighed against the Reed Hastings Rule, which was established in 2012. "I have always taken action in the best interests of truth, transparency and investors", Musk told NPR in an emailed statement . [Full Article...]

Amazon.com, Inc. (AMZN) Checks in With a New Twist on Retail

Amazon.com, Inc. (AMZN) Checks in With a New Twist on Retail Inside the store, shoppers will be able to find top-rated merchandise on Amazon .com, including devices, home goods, toys, books and games, which are welcome for a test-drive. Inside the 4,000-square-foot space, a Most-Wished-For section has products that people often put on their Amazon wish lists, like baby blue Fujifilm instant cameras. [Full Article...]


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