Business News
BT’s CEO Gavin Patterson to step down
LONDON (Reuters) – BT Group’s Chief Executive Gavin Patterson will step down later this year after the British telecom company’s chairman said a change in leadership was needed.
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Business News
Why Canada’s pot legalization won’t stop black-market sales
TORONTO (Reuters) – Jake Rowinski, a 20-year-old University of Toronto student, buys marijuana every week from one of the many self-described “medical” dispensaries in downtown Toronto.
Business News
U.S. can sell pork to Mexico through import quota, despite tariffs: Mexico
MEXICO CIITY (Reuters) – U.S. producers can sell pork legs and shoulders to Mexico via an import quota despite retaliatory measures taken this week against U.S. President Donald Trump’s tariffs on steel and aluminum, the Mexican government said on Thursday.
Business News
Japan’s home-sharing offerings evaporate ahead of new regulations
TOKYO (Reuters) – Japan, which just months ago had tens of thousands of Airbnb and home-sharing properties available, has approved only about 150 before a new law kicks in next week, meant to bring order to the market and create more lodging options for foreign tourists.
Business News
Oil prices stable on Venezuelan supply trouble, but surging U.S. supply looms
SINGAPORE (Reuters) – Oil prices were stable on Friday, supported by Venezuela’s struggles to meet its supply obligations and by ongoing output cuts led by producer cartel OPEC, although surging U.S. crude output was looming over markets.
Business News
G7 leaders set to clash with combative Trump over tariffs, trade
QUEBEC CITY (Reuters) – Leaders of the Group of Seven rich nations are set to clash with a combative U.S. President Donald Trump on Friday when they pressure him to lift sanctions on steel and aluminum they fear could lead to a trade war.
Business News
Asian shares wobbly as risk sentiment sours, euro buoyant
SYDNEY (Reuters) – Asian shares stepped back from a 2-1/2 month high on Friday as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end, compounded by uncertainty over trade relations ahead of a key meeting of global leaders.
Business News
Oil prices rise on ongoing Venezuelan supply trouble
SINGAPORE (Reuters) – Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
Business News
Dollar near three-week lows, weighed by lower U.S. yields and strong euro
TOKYO (Reuters) – The dollar wallowed near a three-week low against peers on Friday as U.S. Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations that the European Central Bank would begin unwinding it stimulus program.
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What to expect from Microsoft, Nintendo and Sony at E3 2018
It’s June, so that means it’s time to spend some quality time in downtown Los …read more […]
Business News
Asian shares seen slipping as risk sentiment sours, euro buoyant
SYDNEY (Reuters) – Asian shares are set for a soft start on Friday as global risk appetite deteriorated on worries the European Central Bank was ready to start tapering its massive stimulus, although trade was expected to be cautious ahead of big diplomatic meetings.
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Is This How Weight Watchers Achieves Its Next Growth Spurt?
The weight-loss management specialist is setting the table for further expansion. …read more […]
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Chicago officer fatally shoots armed black man running away
A Chicago police officer fatally shot a 24-year-old black man who authorities said pulled a gun while running away, prompting questions from the man’s family about why the encounter turned deadly. Sgt. Rocco Alioto said the “armed confrontation” Wednesday evening on the city’s South Side happened as officers conducted a narcotics investigation. Alioto said in a statement that officers told the man to stop and he “produced a weapon,” so the officer shot him. …read more […]
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Apple introduces the AI phone
At Apple’s WWDC 2018 — an event some said would be boring this year with its …read more […]
Business News
U.S. senator queries Alphabet, Twitter on ties with Huawei
WASHINGTON (Reuters) – A senior U.S. senator said on Thursday that he has asked Google parent Alphabet Inc and Twitter Inc for information about any data sharing agreements they have with Chinese vendors, after Facebook Inc this week disclosed such partnerships with several Chinese companies.