• Minimum wage increased by 3.5%
Minimum wage increased by 3.5%

The Australian Industry Group, which proposed a $12.50-a-week rise, labelled the increase "excessive" and said it had the potential to be a major disincentive to employment. The ACTU secretary, Sally McManus, welcomed the decision as a step in the right direction. Minister for Small and Family Business, the Workplace and Deregulation Craig Laund...

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  • Oil slips towards US$75 as threat of OPEC boost weighs
Oil slips towards US$75 as threat of OPEC boost weighs

As a result, the oil price has dropped by about 7 percent from this month's peak. United States crude's discount to Brent rose to as much as US$9.31, with Brent supported as investors anxious that U.S. According to the latest available figures by OPEC's secondary sources-the ones that OPEC uses to measure quotas and compliance with the deal, OPEC...

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  • Oil retreats on stronger dollar, US crude discount wider
Oil retreats on stronger dollar, US crude discount wider

But Hatsaturjants said oil is poised to recover after the EIA also posted a surprise weekly crude drawdown of 3.62 million barrels in the US. Oil fell Friday morning as markets mulled the future of OPEC supply cuts and after U.S. Futures on the Shanghai International Energy Exchange climbed 0.4% to 474.5 yuan a barrel. Global benchmark Bre...

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  • New crackdown on high-cost credit charges
New crackdown on high-cost credit charges

High-cost credit is used by three million people in the UK. In a report last October, the FCA said that a quarter of United Kingdom adults - 12.9 million people - had been overdrawn in the previous 12 months, and 3.1 million adults had used an unauthorized overdraft facility, either by exceeding their limit or never arranging one.

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  • UK minister urged to resign amid rail chaos
UK minister urged to resign amid rail chaos

Starting from Monday 4th June 2018, 6% of daily train services will be removed from the timetable until the end of July. David Brown, managing director of Northern, said: "Our plans for modernisation are not all being delivered in the way we want".

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  • How new Qantas and Air New Zealand deal will benefit travellers
How new Qantas and Air New Zealand deal will benefit travellers

NZ Herald reports that Air New Zealand codes will be added on up to 85 Qantas routes within Australia while Qantas intends to add its codes on up to 30 domestic Air NZ routes. "We've been partners at various stages over that time and we have a lot of respect for them as a competitor". The two airlines are also looking at the potential to explor...

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  • Minimum wage in BC hikes to $12.65 tomorrow
Minimum wage in BC hikes to $12.65 tomorrow

Fair Work Commission: The increase we've decided on won't lead to inflationary pressure. The wage increases are the first of four annual increases that will take effect on June 1 of each year, except for farm workers who are paid piece rate.

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  • Trump's warning to Canada: Fair NAFTA deal, or no deal at all
Trump's warning to Canada: Fair NAFTA deal, or no deal at all

European Commission President Jean-Claude Juncker said the move was "totally unacceptable", adding that the bloc has "no choice" but to bring a case before the World Trade Organization and impose duties on U.S. European Union officials say the total value of goods targeted is a dollar for dollar response to USA tariffs. As well as facing new tari...

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  • Sears to close store in Empire Mall
Sears to close store in Empire Mall

Sears has stores in Auburn, Braintree, Brockton, Cambridge, Fall River (outlet), Hanover, Holyoke (both an outlet and a store), Hyannis, Leominster, Marlborough, Natick, North Attleboro, North Dartmouth, Peabody, Saugus, Shrewsbury (outlet), Springfield and Taunton.

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  • Fiat plans new 500e and 500 Giardiniera wagon
Fiat plans new 500e and 500 Giardiniera wagon

Fiat cars, Dodge and Chrysler will be marginalized. But Chrysler was also referenced as the supplier of Pacifica hybrid minivans to self-driving auto technology company Waymo. Brand chief Timothy Kuniskis said Maserati is entering an exclusive deal with Ferrari for all future powertrains, including hybrid, plug-in hybrid and full-battery elec...

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  • Malaysia's Petronas Buys 25% Stake In LNG Canada Project
Malaysia's Petronas Buys 25% Stake In LNG Canada Project

Petronas' intention to buy into LNG Canada follows on Petronas and its partners' July 2017 decision to cancel the $36-billion Pacific NorthWest LNG project they had planned to build on Lelu Island off Port Edward. The arrangement with Royal Dutch Shell Plc will help Petronas revive the prospect of shipping Canadian gas overseas. "As one of the ...

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  • MSCI Could Cap Brazil, India Weights in EM Indexes
MSCI Could Cap Brazil, India Weights in EM Indexes

Regardless of the timetable for full inclusion, the key for investors is understanding that their emerging market fund-whether it be IEMG, EEM or another fund tied to the MSCI Emerging Markets Index-could see a significant jump in its exposure to China.

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  • Google says it will not renew controversial Pentagon contract
Google says it will not renew controversial Pentagon contract

The decision was announced by Google Cloud CEO Diane Greene at a meeting with employees Friday morning, it said . Citing three sources with knowledge of the matter, Gizmodo reports that Google will not seek another contract when the current Project Maven contract expires in 2019.

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  • Trump crows as rosy jobs report underscores booming economy
Trump crows as rosy jobs report underscores booming economy

I'd have closed the door of my office and let out a private exclamation of delight. We then would have waited until 9:30 a.m. Friday to share our enthusiasm, and the news, with the public. A CNN political commentator reminded his followers that this is not the first time that President Donald Trump violated the directive . While Trump didn't m...

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  • Parking problems: Hotel valet has lucky escape, but Porsche gets crunched
Parking problems: Hotel valet has lucky escape, but Porsche gets crunched

The hotel is investigating the incident, it said in a statement. A third vehicle was also damaged after it was pushed into some nearby bollards. It was a rough day for a hotel valet attendant in Australia. Witnesses say the valet accidentally hit the gas instead of the brake and drove the Porsche under an SUV. 7 News reported the hotel's in...

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  • New socialist prime minister wants to 'transform' Spain
New socialist prime minister wants to 'transform' Spain

Among them were the party's former treasurer, Mr. Bárcenas, who was sentenced to 33 years in prison and fined about $51.3 million. Sanchez, until now the head of Spain's largest opposition party, could be sworn in by King Felipe VI as early as Saturday and will appoint his Cabinet over the coming days.

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  • Ticketfly Hacked and More Havoc Promised - Slog
Ticketfly Hacked and More Havoc Promised - Slog

Those who have purchased a ticket for an upcoming event are advised to visit the social media pages of the venue hosting the show for real-time updates . Billboard reports that Ticketfly, the event ticketing agency, has been the victim of a "cyber incident" and has been offline for the past 13 hours.

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  • Google won't renew its military AI contract
Google won't renew its military AI contract

Gizmodo now reports that during a weekly meeting on Google Cloud's business (an event that is apparently called "Weather Report"), Cloud CEO Diane Greene told employees the Maven contract would not be renewed after it expires in 2019. "We value all of our relationships with academic institutions and commercial companies involved with Project Mav...

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  • Woman claims Southwest passenger masturbated during entire flight
Woman claims Southwest passenger masturbated during entire flight

The plane was said to have experienced "mechanical difficulties" before making the landing, according to officials with the airport. Tucson fliers will have more options to travel nonstop to San Jose, California, and other destinations this fall, as Southwest Airlines beefs up its flight schedule at Tucson International Airport.

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  • GM nets $2.25B SoftBank investment for self-driving cars
GM nets $2.25B SoftBank investment for self-driving cars

SoftBank has also taken a substantial stake in Uber , widely reported at the time of the investment in 2017 to have discounted the private ride-hailing company's lofty valuation. The scale of the investment puts Cruise's value at $11.5 billion. "We're excited to be joining forces with a tech leader who shares our belief that AV technology will ...

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  • San Francisco Demands Uber and Lyft Driver-Pay Records
San Francisco Demands Uber and Lyft Driver-Pay Records

If the city finds that state standards are not being met, actions by the city or lawsuits challenging the companies' current employment classification of its drivers as independent contractors will "almost certainly follow", according to Curbed San Francisco.

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  • Italian anti-establishment leaders resurrect coalition
Italian anti-establishment leaders resurrect coalition

Alfonso Bonafede takes on the role of justice minister. The last-minute compromise appointment of Giovanni Tria as economy minister was aimed at calming European Union leaders' jitters. Conte's government will now seek confidence votes there early next week in order to be fully empowered. She also stressed the two country's shared history...

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  • United States jobless rate falls to 18-year low
United States jobless rate falls to 18-year low

NJ gov signs bill to skirt GOP tax law provision Economy adds 164K jobs in April, unemployment lowest since 2000 Trump thrives on uncertainty; trade talks depend on it MORE , former chairman of the Council of Economic Advisers (CEA) under President Obama, responded to Trump "if this tweet is conveying inside information about a particularly go...

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  • Uber and Google's Waymo in Talks About Partnership
Uber and Google's Waymo in Talks About Partnership

Uber chief executive Dara Khosrowshahi has said his company is in talks with Google-owned self-driving company Waymo in order to bring its autonomous cars to Uber's network of vehicles. Larger stock investments are normally made by Buffett, but he has handed over more responsibility to his investment deputies Todd Combs and Ted Weschler in re...

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  • Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum
Canada's Justin Trudeau says NAFTA talks broke down after Pence made ultimatum

Taken with Trump's statement, that signals the NAFTA partners are entrenched - and the window Trudeau saw to sew up a deal may have closed. "Americans remain our partners, friends, and allies", Trudeau said. "They must open their markets and take down their trade barriers!" he wrote. He estimated the USA tariffs would affect $4 billion in trade b...

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