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Finance

If the 20 or so OPEC members and other nations at the Vienna talks - which account for more than half of the world's oil - continue to pump at current record levels , they risk seeing prices continue to tumble. The Trump administration has sent the country's special envoy for Iran Brian Hook to Vienna , where he held talks with the Saudi energy minister one day before OPEC's 175th meeting.
  • Ukraine imposes martial law amid 'growing aggression with Russia'

    Ukraine imposes martial law amid 'growing aggression with Russia'

    Finance

    Russia's Federal Security Service, or FSB, on Monday released videos of three of the sailors in what appeared to be coerced confessions. Three Ukrainian vessels-two gunboats and one tug-were sailing through the Kerch Strait off the Crimean Peninsula when they were confronted by Russian warships, helicopters and fighter jets.
  • Union rep hopeful ahead of GM's shutdown of Oshawa plant

    Union rep hopeful ahead of GM's shutdown of Oshawa plant

    Finance

    Both U.S. vehicle assembly plants scheduled to stop production next year now build slow-selling passenger cars. General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
  • Shoppers hit the stores early for Black Friday bargains

    Shoppers hit the stores early for Black Friday bargains

    Finance

    Target has highlighted the deals that shoppers snapped up the most from stores, which opened at 5 p.m . on Thanksgiving, as well as online, where the sale event began very early Thanksgiving morning. The technology giant believes that online spending is track to hit $6.4 billion by the end of the day. At a Cincinnati mall, Bethany Carrington scored a $29 all-in-one trimmer for her husband's nose hair needs and, for $17, "the biggest Mr.
  • Stores open on Thanksgiving Day

    Stores open on Thanksgiving Day

    Finance

    A lot of people prepare for weeks to score the best Black Friday deals and knock out most of their Christmas shopping. Walmart is open all day Thanksgiving with door buster sales starting on Friday morning. on Thanksgiving Day, with loads of doorbusters, rebates, and discounts . DSW is open 5 p.m. - 10 p.m. Waterloo Premium Outlets : Thanksgiving - 6 p.m.to midnight; Friday - 6 a.m.to 10 p.m.
  • Theresa May’s Brussels trip fails to yield Brexit breakthrough

    Theresa May’s Brussels trip fails to yield Brexit breakthrough

    Finance

    The document refers to the mutual recognition of the European Union and UK's trusted trader programmes and other forms of cooperation to recover taxes and duties, and combat customs fraud. Britain officially leaves the EU - the first country ever to do so - on March 29, 2019, but a withdrawal agreement needs to be sealed soon to leave enough time for the European Parliament and the United Kingdom parliament to endorse it.
  • FDA Investigates New Romaine E. coli O157:H7 Outbreak; Lawsuits Possible

    FDA Investigates New Romaine E. coli O157:H7 Outbreak; Lawsuits Possible

    Finance

    As a precautionary measure, the AVA added that consumers who have bought romaine lettuce and are uncertain where the vegetable was sourced from should throw the lettuce away. coli . Now there are no food recalls associated with this outbreak. The voluntary recall was issued by Conagra Brands due to "a positive finding of Salmonella in a retail sample of Duncan Hines Classic White cake mix that may be linked to a Salmonella outbreak that is now being investigated by CDC (US Centers for ...
  • Internal Nissan inquiry reveals alleged wrongdoing from Carlos Ghosn, Greg Kelly

    Internal Nissan inquiry reveals alleged wrongdoing from Carlos Ghosn, Greg Kelly

    Finance

    Nissan said its internal investigation also found "numerous other significant acts of misconduct ... such as personal use of company assets". Renault's board is due to meet on Tuesday to discuss replacing Ghosn as chief executive. BBC Tokyo correspondent Rupert Wingfield-Hayes said the charges against Mr Ghosn had come to light because of a new law that came into effect in Japan in June, aimed at improving corporate governance and uncovering corporate misdeeds.
  • Prices Stabilizing on Hopes of OPEC-led Production Cuts

    Prices Stabilizing on Hopes of OPEC-led Production Cuts

    Finance

    Oil prices are around a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States, as well as a slowdown in global trade. Ahead of the bi-annual OPEC meeting on December 6th, expectations have been growing that the cartel will look to cut oil output (by roughly 1-1.4mbpd) in order to prevent oversupply given the slowing demand growth, coupled with the surge in oil production by the U.S.
  • Trump on Trade: 'China Wants to Make a Deal'

    Trump on Trade: 'China Wants to Make a Deal'

    Finance

    At the end of the day, the only way the U.S. is likely to hit the breaks on its stance toward China is if "the voices of the United States big businesses become rowdy enough on the problems that the tariffs are causing", according to Woodward.
  • Labour: May should spell out contingency in case Brexit deal fails

    Labour: May should spell out contingency in case Brexit deal fails

    Finance

    The deal covers citizens' rights, Britain's financial settlement and plans for a post-Brexit transition period during which both sides hope to agree a new trade deal. "As much as I am sad to see you leave, I will do everything to make this farewell the least painful possible, both for you and for us", said Mr Tusk.
  • Crude Down Record 11th Day

    Crude Down Record 11th Day

    Finance

    This is despite the fact that Saudi Arabia cut 500K barrels for December and signalled that it looks like OPEC is going to cut production. The International Energy Agency expects crude and condensate output in Russian Federation to stand at 11.2 million barrels per day this year and to increase up to 11.5 million barrels per day in 2019, according to its Oil Market Report.
  • Amazon’s second headquarters won’t be anywhere close to North Texas

    Amazon’s second headquarters won’t be anywhere close to North Texas

    Finance

    The move could mean tens of thousands of high-paying jobs and millions in community investments, which would be a boon to any city. An analysis by Good Jobs First , an economic policy resource center in Washington , D.C., found that most of the 20 cities that were finalists for HQ2, including NY, did not publicly disclose full details about the bids offered to Amazon and kept taxpayers in the dark about how their money might be used to win the deal.
  • China's annual shopping frenzy shatters another record

    China's annual shopping frenzy shatters another record

    Finance

    Online shoppers spent $45.7 billion (US$30.8b) on Sunday during China's annual shopping festival, setting a new sales record for the 24-hour shopping event. The spending binge has for years eclipsed Cyber Monday in the USA for online purchases made on a single day. What is Alibaba's Singles' Day sale? .
  • Google updates sexual harassment policies following protest

    Google updates sexual harassment policies following protest

    Finance

    Most notably, Google is ending forced arbitration for sexual harassment and sexual assault claims. But news surfaced in August that the company has been testing a censored version of its Google search product in an attempt to return to China, which is home to 772 million internet users, the biggest online community in the world.
  • Oil Prices Fall Over 1% To Hit Multi-month Lows

    Oil Prices Fall Over 1% To Hit Multi-month Lows

    Finance

    Crude has tumbled 20 percent since touching a four-year high last month as apprehension over sanctions targeting Iranian oil exports evaporated, in part because of exemptions handed to some of the Islamic Republic's biggest customers.
  • Google employees are staging global walkouts over the firm's treatment of women

    Google employees are staging global walkouts over the firm's treatment of women

    Finance

    Employees at Google's campus in Boulder staged a walkout Thursday to protest what they called the tech company's mishandling of sexual misconduct allegations against executives. Google said last week that it had fired 48 employees in the past two years - including 13 senior executives - as a result of such allegations, citing "an increasingly hard line" on inappropriate conduct.
  • Donald, Melania Trump to Visit Pennsylvania After Synagogue Attack - White House

    Donald, Melania Trump to Visit Pennsylvania After Synagogue Attack - White House

    Finance

    Dr Jeff Cohen, was interviewed by Channel 4 News about his experience of meeting the man who killed 11 people at the Tree of Life synagogue in Pittsburgh on Saturday, where he himself is a parishioner. Trump's visit generated controversy in Pittsburgh , where some said the president was welcome and others insisted that he stay away. At a memorial outside, the first lady placed a flower and the president laid a small stone on a marker for each of the victims.
  • Saudi prosecutor arrives in Istanbul for talks on Khashoggi inquiry

    Saudi prosecutor arrives in Istanbul for talks on Khashoggi inquiry

    Finance

    Khashoggi , a Washington Post columnist known for his criticism of Saudi policies, was last seen entering the Saudi consulate in Istanbul on October 2. In an emotional plea, Hatice Cengiz told an audience in London: "I believe that the Saudi regime knows where his body is: they should answer my demand, for this is not only the demand of a fiancee but a human and Islamic demand".
  • Global markets in sell-off mode

    Global markets in sell-off mode

    Finance

    The Russell 2000 lost 58.22 points, or 3.8 percent. The Dow Jones Industrial Average lost 296.24 points, or 1.19%, to 24,688.31, the S&P 500 erased 47 points, or 1.74%, to 2,658.57 and the Nasdaq Composite fell 151.12 points, or 2.07%, to 7,167.21.
  • Change in Germany: Leading candidates to replace Merkel

    Finance

    Heiner Bremer, a German political commentator, said Ms. Merkel was unlikely herself to nominate someone to follow in her shoes but would be more likely to pass on such recommendations via politicians within the party who enjoy more support.