Business

Canada votes to legalise cannabis for recreational use

Canada votes to legalise cannabis for recreational use Ms. Wilson-Raybould also said provinces can pass their own laws regarding home cultivation, which the federal legislation allows in small amounts. Tony Dean , who sponsored the bill in Canada's Senate, told the Canadian Broadcasting Corporation . In the US, nine states have legalized recreational marijuana. [Full Article...]

Saudi Arabia: Deal can be done this week to boost oil supply

A production increase would help undo a 1.2 million barrel cut agreed on in late 2016 that has since helped push up the price of oil by nearly 50 per cent. OPEC takes its decisions by unanimity, so if Iran were to wield its veto Saudi Arabia would be left only with the option of assembling a coalition of willing countries to bypass Tehran's opposition. [Full Article...]

Bithumb Loses $32M in Bitcoin Heist

Bithumb Loses $32M in Bitcoin Heist As of 10:20 a.m. Wednesday, the price for Bitcoin dropped by 5.9 percent; Ethereum by 9.8 percent and Ripple by 9.7 percent compared to 24 hours before the hacking attack, Yonhap said . The company said it would compensate customers for all lost assets. "$30 million can be easily covered with the company's funds", tweeted analyst Joseph Young on Tuesday. [Full Article...]

As Europe’s Tariffs on U.S. Goods Take Effect, Trump Threatens Retaliation

As Europe’s Tariffs on U.S. Goods Take Effect, Trump Threatens Retaliation Together the trade battles have raised the spectre of a global trade war, spooking financial markets that fear major consequences to the world economy. And he is threatening to impose another national security-based tariff on imports of cars, trucks and auto parts. It is hard for the White House to unilaterally impose tariffs without input from Congress, but Trump has found several ways to do it... [Full Article...]

A Supreme Court Ruling Could Make Your Online Purchases More Expensive

A Supreme Court Ruling Could Make Your Online Purchases More Expensive The Supreme Court overrules the Quill case, which previously set the precedent for collecting sales tax from online sellers. Online retailers sued over the scheme, and the Supreme Court allowed the case to proceed. Now, under this new decision, even if a company doesn't have a store, warehouse, or office in a state, its internet sales to that state's residents can be taxed. [Full Article...]

TRUMP STRIKES BACK: The President Threatens China with $200 BILLION in Tariffs

TRUMP STRIKES BACK: The President Threatens China with $200 BILLION in Tariffs Mr. Trump said that if China responds to this fresh round of tariffs, then he will move to counter "by pursuing additional tariffs on another $200 billion of goods". President Donald Trump pumps his fist as he leaves a meeting Monday in the East Room of the White House in Washington . The official Xinhua news agency said China would impose 25 percent tariffs on 659 United States product... [Full Article...]

Trump escalates China trade war with extra tariffs

Trump escalates China trade war with extra tariffs It gave no details. In the first round of penalties announced by both nations, to take effect July 6, the US plans to impose tariffs of 25 percent on $34 billion of Chinese imports, such as construction machinery, aerospace, and power generation equipment. [Full Article...]

Audi CEO Rupert Stadler arrested in Germany over Volkswagen diesel scandal

Volkswagen has pleaded guilty to criminal charges in the United States. The Volkswagen emissions scandal began in September 2015, when the United States Environmental Protection Agency (EPA) issued a notice of violation of the Clean Air Act to German automaker Volkswagen Group. [Full Article...]

Domino's new promotion offers to fill city's potholes

Domino's new promotion offers to fill city's potholes They believe bad roads shouldn't happen to good pizza! Domino's Pizza says potholes are putting its pizzas at risk, so the company is helping smooth out roads for delivery drivers. Domino's is dead set on making sure customers get home with their pizzas intact. The campaign was created by the CP+B ad agency, which specialises in drumming up media interest, claiming on their website to make the... [Full Article...]

Judge rules AT&T can purchase Time Warner

Judge rules AT&T can purchase Time Warner In fact, CNNMoney reported that AT&T-Time Warner's counsel Daniel Petrocelli made the argument that traditional media orgs have already been left behind in the digital revolution. Beyond the impact on the companies, the merger is expected to spur frantic dealmaking in the rapidly consolidating media sector . "We look forward to closing the merger on or before June 20 so we can begin to give consu... [Full Article...]

Porsche Taycan name confirmed for production-spec Mission E

Porsche Taycan name confirmed for production-spec Mission E The prototype Porsche Mission E debuted in 2015. And now it has a production name - Porsche Taycan (which we think is pronounced "Tie-Can"). According to Porsche , the Taycan name is a Eurasian word that roughly translates to " lively young horse " and is a reference to the "leaping steed" on the company's badge. [Full Article...]

United States reaches deal with China's ZTE, commerce secretary says

United States reaches deal with China's ZTE, commerce secretary says Commerce Secretary Wilbur Ross said Thursday that the Trump administration has a struck a deal with Chinese telecom giant ZTE . The Trump administration yesterday announced a deal to allow the telecommunications company to resume buying from USA companies, eliminating a key sticking point for the two nations in their talks on trade. [Full Article...]

Microsoft's throwing its servers in the sea to keep them cool

Microsoft's throwing its servers in the sea to keep them cool The Northern Isles data center consists of a 40-foot (12.2 metre) long white cylinder containing 864 servers - enough to store five million movies - and can lie on the seabed for up to five years. By running the data centre underwater, Microsoft hopes to save energy on cooling the structure. Interestingly, 100 percent of the region's energy already comes from renewable sources, thanks to wind ... [Full Article...]

White House visits become political litmus test for athletes

White House visits become political litmus test for athletes Trump had always been leery of the Eagles' planned visit to the White House, in part because the team's owner, Jeffrey Lurie, has been a Trump critic, and because several players have been vocal critics of the league's new policy that requires players to stand if they're on the field during the national anthem or else stay in the locker room. [Full Article...]

John Goodman opens up about ‘Roseanne’ controversy at Metairie auto shop

John Goodman opens up about ‘Roseanne’ controversy at Metairie auto shop Trump to apologize for the terrible statements made and said about me on ABC", Trump wrote . " Roseanne's Twitter statement is abhorrent, repugnant, and inconsistent with our values", Dungey said in a statement , "and we have made a decision to cancel her show". [Full Article...]

ZTE reportedly signs deal that would end export ban

ZTE reportedly signs deal that would end export ban In 2018, the government placed a seven-year US parts supply ban on ZTE, as it claimed the company had not yet disciplined 35 of its employees, which was a condition of the 2017 deal. The report says that ZTE has signed an agreement in principle drawn up by the United States, but it has not signed anything definitive. Trump appeared to confirm that a deal had been reached in a tweet on May 25... [Full Article...]

Trump Invokes War Of 1812 In Testy Call With Trudeau Over Tariffs

The meeting on Friday and Saturday in Charlevoix, Quebec, will be the first chance G7 leaders have had to confront Trump in person since US tariffs on steel and aluminum imports from Canada, Mexico and the European Union were imposed last week. [Full Article...]

No clarity on US-China trade as North Korea summit looms

No clarity on US-China trade as North Korea summit looms The White House has said that it might move ahead with the imposition of tariffs on $ 50 billion of Chinese goods around the middle of this month if a broad agreement to slash the $375 billion trade deficit isn't reached. The United States and Mexico do $600 billion in annual trade and about 16 percent of USA goods exports go to its southern neighbor. The Mexican peso dropped to its weakest l... [Full Article...]

Asian shares languish as Italian turmoil hits world markets

Asian shares languish as Italian turmoil hits world markets Apart from developments in Italy, investors are also looking to the upcoming euro zone consumer price data at 0900 GMT, which is expected to show inflation has accelerated to 1.6 percent in May. South Korea's KOSPI rose 0.8 percent, buoyed by stocks which are seen as benefiting from a further thawing in tensions with Pyongyang. " President (Donald) Trump has not accomplished very much in terms ... [Full Article...]

Where to get free doughnuts and deals on National Doughnut Day

Where to get free doughnuts and deals on National Doughnut Day Customers will receive a free order of donut holes with any online pizza purchase on June 1, and the dessert will remain on the menu for a limited time after that. June 1 marks the chain's 41st birthday and is offering Potbelly Perks members a BOGO deal: a free sandwich with the purchase of another sandwich. They will also be hosting several half-dozen doughnut giveaways with the winners b... [Full Article...]


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