• Bank of Canada drops cautious language as it holds rates steady
Bank of Canada drops cautious language as it holds rates steady

Canada's central bank left interest rates on hold for a third straight decision Wednesday, but gave an upbeat assessment of the economy and removed some of its more cautious language, potentially indicating a greater willingness to return to a hiking cycle.

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  • Chick-fil-A restaurant in CA will pay employees $17 an hour
Chick-fil-A restaurant in CA will pay employees $17 an hour

That's compared to California's minimum wage of $11 an hour. The company is creating a work environment that will help bolster an individual's ability to "raise a family", and "improve their lifestyle", whilst stating how "the people are the real key to a successful business".

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  • Trudeau: Mike Pence's Demand Sank NAFTA Talks
Trudeau: Mike Pence's Demand Sank NAFTA Talks

Earlier Thursday, Trudeau announced retaliatory tariffs in response to US duties on steel and aluminum made in Canada , Mexico and European Union nations. He says the visit was called off after he made it clear to Pence that no Canadian leader would sign a deal containing a sunset clause. The White House said that Pence and the president, as w...

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  • U.S. allies to fight Trump's tariffs plan, warn of trade war
U.S. allies to fight Trump's tariffs plan, warn of trade war

Throughout these talks, the USA has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU. French President Macron told Trump in a telephone call that the tariffs were "illegal" and said Europe would respond in a "firm and proportionate manner".

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  • Trump hints at strong jobs report ahead of its release
Trump hints at strong jobs report ahead of its release

The strong numbers come as some economists worry that a threatened trade war could damage the United States economy and as investors fret that the news will further pressure the Federal Reserve to speed up the rate at which it increases interest rates.

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  • OECD: Trade friction poses risk to global economy
OECD: Trade friction poses risk to global economy

OECD Secretary-General Angel Gurria says policy actions in one major economy are more than ever likely to be felt strongly in the rest of the world. The good news is, among other things, that the OECD expects unemployment to continue to decrease, as well as the public debt, which could be shrunk to 100% of GDP in 2019.

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  • Italy government: Giuseppe Conte again asked to be PM
Italy government: Giuseppe Conte again asked to be PM

Salvini and Di Maio had agreed when they first tried to form a government that Giuseppe Conte, a little-known law professor, would be prime minister. Once installed in Rome, the new government is likely to take a Euroskeptic stance and clash with Brussels on the EU budget, immigration and European sanctions against Russian Federation, where it ...

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  • Deutsche Bank's U.S. subsidiary put on federal agency list of 'problem' banks
Deutsche Bank's U.S. subsidiary put on federal agency list of 'problem' banks

This comes after a ratings downgrade and a share price slide in the wake of a report saying the United States regulator viewed the lender as "troubled" a year ago. "The bank appears set for a period of sustained underperformance compared with peers, many of whom have now finished restructuring", the ratings agency said.

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  • Super system 'could be retired'
Super system 'could be retired'

Under the commission's recommendations, the Fair Work Commission would be stripped of its power of administering the process for becoming a default-listed fund in awards. "Most (fund) members are in funds that deliver good investment returns, but millions of members are in funds that persistently underperform - over one in four funds", said Karen C...

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  • Asian shares fall sharply as Italian crisis hits world markets
Asian shares fall sharply as Italian crisis hits world markets

Italy's 10-year yield sank 25 basis points to 2.916 percent. The Bloomberg Dollar Spot Index fell 0.6 percent, the largest decrease in nearly three weeks. ANALYST'S VIEWPOINT: "Worries over geopolitics look set to hit Asia after sweeping through Europe and also the U.S.at the start of the week". The FTSE MIB is set to extend its 2.6% losses fro...

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  • India continues to be world's fastest growing major economy
India continues to be world's fastest growing major economy

Courtesy to the rise in the GDP growth during three months of March, India surpassed China's GDP growth of 6.8 per cent reported for the quarter ended March. Rating agency ICRA has estimated the GDP growth rate for India in Q4 of FY18 is expected to be at 7.4%. Sound macroeconomic management by the government was boosting growth and investm...

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  • White House trade adviser says China trade dispute was never 'on hold'
White House trade adviser says China trade dispute was never 'on hold'

The White House said the list of affected Chinese items will be announced by June 15, and the tariffs will go into effect soon after that. "As President Trump said we lost the trade war long ago..." " China imposes much higher tariffs on USA exports than the United States imposes on China", the White House complained.

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  • Canada's Trudeau blasts
Canada's Trudeau blasts "totally unacceptable" Trump tariffs, announces counter-tariffs

In a statement , European Commission President Jean-Claude Juncker said "this is protectionism, pure and simple". The Mexican government said that the U.S. German Chancellor Angela Merkel said the European Union response will be "intelligent, decisive and joint", adding that the tariffs are incompatible with WTO rules.

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  • Turkey hits back at Macron over 'dictator' magazine cover
Turkey hits back at Macron over 'dictator' magazine cover

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan on Tuesday once again emphasized the importance of a political settlement of the Syrian crisis. The regulator added that the overnight borrowing and lending rates will be determined at 150bp below and above the one-week repo rate. The late liquidity window rat...

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  • Starbucks Stores Begin to Shut for Worker Anti-Bias Training
Starbucks Stores Begin to Shut for Worker Anti-Bias Training

There did not seem to be any reasoning for the arrests , as the men sat without ordering anything. "There needs to be a culture created where employees really buy-in to this idea, that it's been beneficial to them as individuals, not simply for the company itself but for them as individuals to avoid discriminatory behaviors".

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  • Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000
Waymo Expands Chrysler Self-Driving Fleet 100-Fold to 62,000

In other words, the public may someday be able to buy a self-driving Fiat Chrysler vehicle of their very own. If a licensing deal were to materialize, it would be non-exclusive, according to Waymo. Waymo does not intend to make cars itself. The order builds off of FCA's previous commitment , announced in January, to deliver thousands of vehicles t...

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  • U.S. slaps steel tariff on Canada, Mexico and European Union
U.S. slaps steel tariff on Canada, Mexico and European Union

European Commission President Jean-Claude Juncker told AP that "it's totally unacceptable that a country is imposing unilateral measures when it comes to world trade". Despite media speculations that the United States could possibly introduce long-term exemptions from the tariffs for its close allies, Trump has opted for moving ahead with steel and...

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  • The euro is sliding amid political uncertainty in Italy
The euro is sliding amid political uncertainty in Italy

The populist 5-Star Movement came out as the single largest party in Italy's March elections, capturing almost a third of the vote. Ratings agency Moody's hinted on May 25 that it may look to review Italy's debt rating, citing concerns over the two anti-establishment parties' fiscal plans that could ratchet up spending by as much as €100 bill...

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  • Wall Street falls on Italy political turmoil
Wall Street falls on Italy political turmoil

United States stocks suffered steep losses on Tuesday, with the main indexes posting their biggest one-day percentage drops in a month, as political turmoil in Italy sparked concerns about the stability of the eurozone, Reuters reports. The Dow Jones Industrial Average saw a 300-point rise, boosted by The Boeing Company ( NYSE:BA ), Chevron C...

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  • 2-Day Bank Strike: 40,000 Bank Employees take part in Odisha
2-Day Bank Strike: 40,000 Bank Employees take part in Odisha

The UFBU is angry over a proposed 2% wage hike, which IBA justified "in view of the (massive) bad loans ". In comparison, in the last wage settlement, for the period November 2012 to October 2017, IBA had given a wage hike of 15 per cent.

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  • Trump reportedly poised to ban German luxury carmakers in the US
Trump reportedly poised to ban German luxury carmakers in the US

Within the EU, Germany is the biggest exporter of cars to the United States. The news follows reports that the Trump administration is thinking of imposing a 25% tariff on cars imported to the U.S. Berlin has also reacted angrily to a USA vehicle imports investigation, which could lead to tariffs of up to 25 percent on the same " national secu...

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  • U.S. tariffs: Steel and aluminium levies slapped on key allies
U.S. tariffs: Steel and aluminium levies slapped on key allies

Trump first announced tariffs of 25 percent on steel and 10 percent on aluminum for national security reasons in March. The EU - along with Canada and Mexico - are now receiving a temporary exemption which expires Friday. Ross said that Trump can "do anything he wishes at any point subsequent from today" on whether to impose tariffs and quotes. ...

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  • World's longest flight to be launched by Singapore Airlines
World's longest flight to be launched by Singapore Airlines

The flight will cover a distance of 9,537 miles with a travelling time of up to 18 hours 45 minutes. These will eclipse the 14,525km Qatar Airways flights from Doha to Auckland as the world's longest, according to airline data provider OAG.

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  • Scots Clinic to Treat Cryptocurrency Addicts
Scots Clinic to Treat Cryptocurrency Addicts

Do I carry on trading in cryptocurrency after losing money - to try to gain it back? Castle Craig Hospital , which has provided gambling , drug, and alcohol rehab for thirty years, has chose to accommodate cryptocurrency addiction into its gambling program.

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  • Amazon blocks Australia from its United States site due to new GST rules
Amazon blocks Australia from its United States site due to new GST rules

In an email to customers today, the company said from 1 July it would redirect Australian shoppers from its worldwide sites to amazon.com.au where products sold by Amazon US will be available on the new global store. Australians will be restricted to Amazon's local website from July. It had around A$1 billion in sales from Australia annually thro...

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