• Some genetically modified wheat found in Alberta, should not impact trade: CFIA
Some genetically modified wheat found in Alberta, should not impact trade: CFIA

The Canadian Food Inspection Agency says unapproved genetically modified wheat that is resistant to herbicides was found in southern Alberta last summer, but the problem has been mitigated. Bilous won't speculate on if other countries that import Canadian wheat will follow Japan's example, but they are working to reassure those other worldwide pa...

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  • Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade
Canada Goose (GOOS) Shares Up 25.7% After Analyst Upgrade

GOOS has been the subject of a number of other reports. From Antarctic research facilities and the Canadian High Arctic, to the streets of New York, London, Milan, Paris, and Tokyo, people are proud to wear Canada Goose products. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 136.88, a PEG ratio of 2.47 an...

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  • McDonald's to scrap plastic straws across all United Kingdom and Ireland restaurants
McDonald's to scrap plastic straws across all United Kingdom and Ireland restaurants

British officials will launch later this year a public consultation for a potential bill banning the sale of the single-use plastics. The flurry of commitments comes as efforts to eliminate single-use plastic intensify. McDonald's is the latest in a string of high street names in the process of replacing plastic straws with paper or biodegradable...

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  • China's Ride-Hailing Giant Didi Chuxing to Launch in Australia
China's Ride-Hailing Giant Didi Chuxing to Launch in Australia

Its statement said it would "shape product offerings and user experience in Australia based on the feedback from drivers and passengers in Melbourne and Geelong", a satellite city 75km away. Nickie Scriven, Zenith Australia's CEO, added: "We are delighted to be appointed as DiDi's lead agency as we launch DiDi into the Australian market".

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  • NZ dollar gains vs euro on timing of ECB rate hikes
NZ dollar gains vs euro on timing of ECB rate hikes

The greenback was up roughly 1 percent versus its Japanese peer on the week, during which it brushed a three-week peak of 110.850 after the Fed's Wednesday policy announcement. Both the Fed and the European Central Bank have said that their next moves will depend on what the economic data says, and if growth is strong enough, they'll raise rates ...

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  • BHP, partners to build $3.4 billion iron ore mine in Australia
BHP, partners to build $3.4 billion iron ore mine in Australia

Production is expected to start in 2021 and run for more than 25 years. Its Japanese partners Itochu Corp, which has an 8 percent stake in the project, and Mitsui & Co Ltd, with 7 percent, will spend $270 million and $240 million respectively, bringing the total development cost to $3.4 billion, they said.

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  • Trump announces 25% tariff on Chinese imports
Trump announces 25% tariff on Chinese imports

China's in-kind response to U.S. President Donald Trump's announcement of tariffs on $50 billion of imports from the nation left the global economy on the verge of a trade war. "We made clear in this statement that all economic and trade outcomes of the talks will not take effect if the USA side imposes any trade sanctions, including raising ...

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  • N Brown considers closing 20 stores as footfall remains weak
N Brown considers closing 20 stores as footfall remains weak

The move will affect the retailer's 20 stores and put 270 jobs at risk. During FY18, the sites under review generated £15m revenue - which represents 2 per cent of overall group income - and an EBITDA loss of £3m. Eliminating losses should be positive for the investment case, so today's 6.1% share price decline to 185.6p reflects N Brown's underw...

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  • Australia Jobless Rate Eases To 5.4% In May
Australia Jobless Rate Eases To 5.4% In May

Monthly hours worked in all roles dropped by 24.2 million hours, or 1.4 per cent. Last year, full-time employment accounted for nearly 80% of total employment growth but that has fallen to less than 20% in the first five months of 2018. The private sector grew by 3.1 percent, up an estimated 85,100 jobs, and the public sector increased by 0.8 perce...

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  • 4,600 job to go at major engineering firm Rolls-Royce
4,600 job to go at major engineering firm Rolls-Royce

The aircraft engine maker said the move would simplify the group into three customer-focused business units with smaller corporate and support functions and reduce management layers and complexity, including within engineering. Rolls-Royce outperformed expectations in 2017, when pre-tax profits rose to 1.1 billion pounds ($1.5 billion dollars) from...

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  • Record US oil production drags crude oil prices
Record US oil production drags crude oil prices

Traders are holding their breath for the June 22 meeting of oil ministers from OPEC member states in Vienna. China on Thursday reported a drop in refinery activity, from 12.06 million barrels per day (bpd) in April to 11.93 million bpd in May, although year-on-year runs were still up by 8.2 percent.

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  • China retaliates against new US tariffs by announcing its own
China retaliates against new US tariffs by announcing its own

The US says tariffs are justified because of China firms' longstanding theft of US companies' intellectual property , and the move follows President Trump's decision to levy tariffs on steel and aluminium imports from Canada, the European Union and Japan, as relations between the leading G7 nations decline.

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  • Facebook details advertiser policies in 500 page answer-sheet to Senate
Facebook details advertiser policies in 500 page answer-sheet to Senate

On top of this, there are the 39 questions that were submitted to Facebook by United Kingdom members of parliament that, according to committee investigating Facebook's data privacy and fake news issues, the social network had failed to fully answer .

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  • Slain Kansas deputy identified
Slain Kansas deputy identified

Both shootings will be investigated internally, according to The Star. The surviving deputy is female. They also said it was too early in the investigation to give specific details of how the shootings could have happened. Police Officer Zac Blair says authorities are reviewing surveillance video . The Fraternal Order of Police in Kansas City,...

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  • Seattle City Council Repeals 'Head Tax' On Amazon, Etc. Weeks After Enactment
Seattle City Council Repeals 'Head Tax' On Amazon, Etc. Weeks After Enactment

During the council's special public meeting, the actual vote to repeal was almost drowned out by loud chants of "We are ready to fight". Mountain View Mayor Lenny Siegel said Seattle's about-face hasn't changed his support for the tax, the details of which the council and city administrators have been working on for several months.

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  • Pimlico Plumbers loses employment rights case in landmark legal battle
Pimlico Plumbers loses employment rights case in landmark legal battle

The BBC reports the ruling relates to Gary Smith , who had worked exclusively for Pimlico Plumbers for six years. The Supreme Court judgement said: "The dominant feature of Mr Smith's contracts with Pimlico was an obligation of personal performance".

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  • Theranos’ Holmes indicted by feds over blood-test ‘fraud’
Theranos’ Holmes indicted by feds over blood-test ‘fraud’

After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by USA regulators and was sued by investors, and the company let go many of its employees .

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  • Donald Trump Approves Tariffs On USD 50 Billion Worth Of Chinese Goods
Donald Trump Approves Tariffs On USD 50 Billion Worth Of Chinese Goods

If the United States does proceed, China has said that it will respond by placing its own duties on American goods, including soybeans, cars, planes and other products. The list is meant to minimise the impact on US consumers and businesses by selecting goods where there are ample alternative supplies from other countries.

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  • Airline technical issue causes more than 100 flight cancellations at Charlotte airport
Airline technical issue causes more than 100 flight cancellations at Charlotte airport

Thousands of airline passengers were stranded overnight in North Carolina's Charlotte-Douglas International Airport after technical troubles caused a regional carrier to abruptly cancel hundreds of flights. Meanwhile, vehicle rental companies said they are bringing in extra cars to help accommodate the stranded airline passengers. Around 2:45 p.m...

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  • McDonald's to switch to paper straws in United Kingdom after customer concerns
McDonald's to switch to paper straws in United Kingdom after customer concerns

The ban on plastic straws comes as a result of a series of successful trials in certain outlets - and they will soon start in the US, France and Norway. Only 1% are recycled, largely because they are made of a mixture of polypropylene and polystyrene. Speaking in March, Paul Pomroy, McDonald's UK CEO, said "the reduction and use of plastics is ...

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  • Honey Smacks recall: Kellogg's, FDA say cereal is causing illnesses
Honey Smacks recall: Kellogg's, FDA say cereal is causing illnesses

The Centers for Disease Control says this salmonella outbreak has sickened 73 people in 31 states . Media reports quoted United States authorities as saying preliminary evidence had linked the product to more than 60 cases of salmonella .

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  • Is Wetherspoons really banning champagne because of Brexit?
Is Wetherspoons really banning champagne because of Brexit?

Martin - a vocal eurosceptic - said the pub chain is reviewing all of its products in a company-wise reshuffle which could take up to two years, something he hopes will make the business "more competitive". The FTSE 250 company said it would replace sparkling wine from the Champagne region of France with bubbly stuff from Surrey, via British winema...

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  • Trump approves plan to impose tough China tariffs
Trump approves plan to impose tough China tariffs

The size of the approved tariffs matches the scale of duties proposed in April, suggesting the president isn't bowing to warnings that trade penalties may derail relations with China as the US seeks to maintain pressure on North Korea over its nuclear weapons program.

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  • The SEC says Ethereum's cryptocurrency isn't a security
The SEC says Ethereum's cryptocurrency isn't a security

As the United States government begins to crack down on ICOs, the head of the Division of Corporation Finance at the Security and Exchange Commission (SEC) doesn't believe ether ( ETH ) should be classified as a security. The speech shed substantial clarity on a question that has loomed over the industry for some time: namely, whether or not ethe...

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  • Microsoft is developing its own cashierless store technology, says report
Microsoft is developing its own cashierless store technology, says report

The Redmond, Washington company has been courting retailers around the world by demonstrating the technology and has held talks with Walmart Inc. The Amazon Go convenience stores utilize a complex network of sensors on shelves, cameras, and A.I.to track what people pick up and place in their bag.

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