Markets

United Kingdom concludes it can mitigate risk from Huawei equipment use in 5G

United Kingdom concludes it can mitigate risk from Huawei equipment use in 5G

The conclusion, which contradicts USA claims about "risks" posed by Huawei equipment, has been reached by Britain's National Cyber Security Centre (NCSC), according to the sources cited by FT. The federal government is weighing Huawei's possible participation in 5G wireless systems that will allow Canadians to do more on cellphones and other internet-connected devices at vastly greater speeds. Read More

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No, Amazon probably isn't walking away from NYC, and here's why

No, Amazon probably isn't walking away from NYC, and here's why

Amazon may be second-guessing its plan to build a new campus in New York City . Congresswoman Alexandria Ocasio-Cortez seemed elated by the news story. "We were invited to come to NY, and we want to invest in a community that wants us", Huseman said during his testimony. The company's brass had to endure a series of hearings in the City Council in recent weeks, in which politicians blasted Amazon's record on labor issues and its refusal to accede to a unionization drive at its Staten ... Read More

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UK Prime Minister Vows No Return to Hard Border with Ireland

UK Prime Minister Vows No Return to Hard Border with Ireland

She also emphasized the government's support for the Good Friday agreement, the 1998 treaty that largely ended decades of violence in Northern Ireland known as "the Troubles". But her meeting with Arlene Foster, the DUP leader, will be the most closely scrutinised given the Prime Minister. The Prime Minister risked infuriating hardline Brexiteers on Tuesday after ruling out removing the controversial Irish border protocol from her deal as she said she would focus on making changes to it ... Read More

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Alibaba Surpasses 3Q Estimates With 41% Climb in Revenue

Alibaba Surpasses 3Q Estimates With 41% Climb in Revenue

Alibaba lowered its revenue outlook for its financial quarter ending in March before the top sales season due to economic uncertainties, according to Reuters . Chief Executive Daniel Zhang said the company remains optimistic, adding that younger buyers were driving sales. China's economic growth in 2018 slowed to its weakest in almost three decades, amid faltering domestic demand and bruising USA tariffs. Read More

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Maduro rejects call for elections amid mounting pressure

Maduro rejects call for elections amid mounting pressure

The Trump adminstration has warned Venezuela that any violence or intimidation against its diplomats or opposition leader Juan Guaido , will be met with what it calls a "significant response". Ahead of the grand military drills, Venezuelan President Nicolas Maduro has visited several bases, so as to demonstrate his legitimacy is backed by the army ready to defend the nation from any potential foreign interventions. Read More

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Taiwan stages live-fire military exercises after China threats

Taiwan stages live-fire military exercises after China threats

Chamber of Commerce begged to differ. The drills also follow a new Pentagon report laying out USA concerns about Beijing's growing military might, underscoring worries about a possible attack against Taiwan . These include submarines, anti-ship and anti-air missiles. Taiwan will not bow to Chinese pressure and called for global support against Beijing's "out-of-control actions", a presidential spokesman said on Thursday, after Beijing urged companies to change the way they refer to ... Read More

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Trump Backs Off: 'Not Looking' To Declare National Emergency 'So Fast'

Trump Backs Off: 'Not Looking' To Declare National Emergency 'So Fast'

The partial government shutdown began because of the border security dispute on December 22. Has Trump changed his pledge on funding the wall? Rep. On Capitol Hill, House Speaker Nancy Pelosi accused the president of engaging in political games to fire up his most loyal supporters, suggesting that a heated meeting Wednesday with legislators at the White House had been "a setup" so that Trump could walk out of it. Read More

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US, China Open Trade Talks to Ease Tensions

US, China Open Trade Talks to Ease Tensions

The working level talks held at the Chinese Commerce Ministry were the first round of face-to-face discussions since both sides agreed to a 90-day truce in a trade war that has roiled worldwide markets. Mnuchin told Bloomberg News in December that the US was "confirming the logistics of several meetings" that could be held with China during the forum. Read More

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Sears faces critical deadline, will it survive?

Sears faces critical deadline, will it survive?

The company informed associates at 80 stores nation wide of closing. Sears Chairman Eddie Lampert made a $4.6 billion offer to buy the USA retailer earlier this month, which called for about 500 Sears stores to remain open. Meanwhile, the deadline is today for bids to buy the 125-year-old icon. Representatives for Sears, based in Hoffman Estates , Illinois, and for Bank of America declined to comment. Read More

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US stocks head sharply lower a day after Dow’s record gain

US stocks head sharply lower a day after Dow’s record gain

Inflation is tame. Pay growth has picked up. Monday morning's drop in US financial markets began after Trump tweeted about the Fed. Factor in momentum building behind fallen angels such as FAANG ( Facebook , Apple, Amazon , Netflix, Alphabet's Google) names throughout the session, spurred in part by Amazon saying it had a "record breaking" holiday season , and you get the makings of a borderline insane 1,086 up day for the Dow. Read More

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Trump takes aim at Federal Reserve over interest rate hike

Trump takes aim at Federal Reserve over interest rate hike

Trump has been critical of the Fed's plans to increase the rates saying it would damage the economy. There is a strong rationale for the Fed to raise rates in December, with further hikes in 2019 looking less likely as trade tensions between the United States and China continue to heat up amid a global economy that is showing significant signs of cooling down. Read More

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Richmond business owners concerned about 'unclear' Canada-China situation

Richmond business owners concerned about 'unclear' Canada-China situation

Conservative Leader Andrew Scheer said today the Liberal government needs to be more forceful with Beijing regarding the plight of the two Canadians detained in China, attacking what he calls the prime minister's "naive approach". State media such as the People's Daily also ran editorials in recent days that said Canada risks "paying a heavy price" if Ms Meng is not released soon. Read More

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British PM Theresa May survives vote of confidence

British PM Theresa May survives vote of confidence

On Monday, May pulled a parliamentary vote on her widely maligned Brexit deal with the European Union , acknowledging it would have been defeated by members of the Commons. "I will now do everything I possibly can to secure further assurances", May told mutinous MPs Monday on her planned dash to Europe ahead of an European Union summit later this week. Read More

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Premier Promises To Support Workers After GM Plant Closure

Premier Promises To Support Workers After GM Plant Closure

It's going to happen". General Motors will close its production plant in Oshawa along with four facilities in the U.S.as part of a global reorganization that will see the company focus on electric and autonomous vehicle programs. Too many of GM's factories are operating on a single shift to build models that have fallen out of favor, leading its plants to run about 1 million vehicles short of their full capacity, said Kristin Dziczek, vice president of industry, labor and economics for ... Read More

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