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Finance

Now, baseball is moving away from him, his name is being stripped from a stadium in Louisville and his image is being stripped from all marketing materials and pizza boxes. So, yeah they tried to extort us and we held firm. "I don't, and will not use that word and people at Papa John's don't use that". Papa John's is struggling to revive its business as Domino's Pizza Inc.
  • United States lifts export ban on suppliers to China's ZTE

    United States lifts export ban on suppliers to China's ZTE

    Finance

    But the move to reverse the harsh penalties, made at President Donald Trump's insistence, has left United States lawmakers irate. The about-face to rescue to the company created a stark contrast with the escalating trade war between Washington and Beijing.
  • McDonald's Removing Salads From 3000 Stores After Illness

    McDonald's Removing Salads From 3000 Stores After Illness

    Finance

    The fast food chain has stopped selling salads at its 3,000 restaurants. The symptoms, which can begin a week or more after consuming the parasite, include diarrhea and frequent, sometimes explosive bowel movements, according to the US Centers for Disease Control and Prevention.
  • Build-A-Bear offers $15 vouchers after long ‘Pay Your Age’ lines

    Build-A-Bear offers $15 vouchers after long ‘Pay Your Age’ lines

    Finance

    Build-A-Bear's promotion offered customers the chance to buy any bear for the price of their child's age. The promotion was hold also in the United States, where some store shut down queues amid safety concerns. "And, in other locations, we were forced to limit the line". - What could possibly go wrong with a promotion that allows you to pay your age? The coupons will be honored through August 31, the statement said.
  • Build-A-Bear cancels pay-your-age day as crowds swamp stores

    Build-A-Bear cancels pay-your-age day as crowds swamp stores

    Finance

    Attention parents, grandparents and caregivers: Build-A-Bear is about to get a lot less expensive, but only for one day. Build-A-Bear Workshop Inc, the global stuffed animal retailer, had to cancel its popular pay-your-age event as long lines stretched outside its United States stores and crowds clogged mall corridors.
  • Intestinal illness linked to McDonald's salads

    Intestinal illness linked to McDonald's salads

    Finance

    While finding a link to salads sold at McDonald's in about a quarter of the IL cases, the state is also looking into other possible sources for the contamination, Shah added. A current outbreak of illnesses linked to Del Monte vegetable trays was caused by the parasite, officials with the U.S. Food and Drug Administration said.
  • Holiday flights under threat as Ryanair pilots support strike action

    Holiday flights under threat as Ryanair pilots support strike action

    Finance

    Ryanair customers could face further disruption after thousands of cabin crew published demands for improved pay and conditions. Ryanair only employs about a quarter of if its 8000 crew and outsources much of the work to agencies. More than 6,000 cabin crew based in 21 countries ramped up pressure on the carrier by threatening industrial action yesterday. Cabin crew from across Europe could follow suit at some stage.
  • Ryanair braces for looming pilot strike with talks grounded

    Ryanair braces for looming pilot strike with talks grounded

    Finance

    This would mean pilots with the longest service getting first call on holidays, promotions and transfers to other bases. The Irish Airline Pilots Association has advised its members to get financial advice "due to the likelihood of industrial action continuing over a prolonged period".
  • U.S. appeals $80bn AT&T-Time Warner deal

    U.S. appeals $80bn AT&T-Time Warner deal

    Finance

    The action took AT&T by surprise. "The court's decision could hardly have been more thorough, fact-based, and well-reasoned", AT&T General Counsel David McAtee said in a statement responding to the Justice Department's move. AT&T completed its acquisition of Time Warner on June 14 and formed WarnerMedia a day later. Trump has publicly feuded with Time Warner's CNN, calling it "failing" and a purveyor of "fake news".
  • U.S. allies starved of Iran oil even before Trump’s deadline

    U.S. allies starved of Iran oil even before Trump’s deadline

    Finance

    Otunuga said it was too early to make any predictions about oil for next year, given the growing uncertainty and various fundamental themes driving prices. crude, if the suppliers continue to offer attractive prices on a CFR basis. The United States says it wants to reduce oil exports from Iran, the world's fifth-biggest producer, to zero by November, which would oblige other big producers to pump more.
  • Local politicians say province needs to respond to Greyhound cuts

    Local politicians say province needs to respond to Greyhound cuts

    Finance

    The company has had a 41% drop in ridership since 2010. "This decision is regrettable and is due to a challenging transportation environment that is characterized by declining ridership in rural communities; increased competition from subsidized national and inter-regional passenger transportation services; the new entry of ultra-low-cost carriers; regulatory constraints, and increased vehicle travel", the company said in an announcement posted on its website.
  • China's June exports jump, surplus with U.S. at record high

    China's June exports jump, surplus with U.S. at record high

    Finance

    The data comes as President Trump has ratcheted up a trade war with China and other close American trade partners, including Canada, Mexico and the European Union. Investors fear a prolonged trade battle with the United States could harm business confidence and investment, disrupting global supply chains and harming growth in China and the rest of the world.
  • Boris Johnson would 'make a great prime minister'

    Boris Johnson would 'make a great prime minister'

    Finance

    The Sun said the interview was conducted Thursday in Brussels, before Trump travelled to Britain. Trump's intervention comes at the end of a tumultuous few days for May. "I'd like to see them be able to work it out so it could go quickly, whatever they work out". Trump did not exactly give May's plans a ringing endorsement.
  • Bank of Canada raises rate, predicts economic resilience despite trade risks

    Bank of Canada raises rate, predicts economic resilience despite trade risks

    Finance

    As with other monetary policy officials, the BoC shed some light on the impact of trade disputes and tariffs on the economy. USA tariffs on the auto sector's integrated cross-border supply chains would have "large impacts on investment and employment", the Bank of Canada warned Wednesday in its accompanying monetary policy report .
  • Trump slams Pfizer and other drug companies over high prices

    Trump slams Pfizer and other drug companies over high prices

    Finance

    The return of the price to its pre-July 1 was first broadcast by Trump in a tweet, in which he characterized it as "rolling back price hikes, so American patients don't pay more ". Pfizer had increased the price of 100 of its products, including Viagra as of July 1, the Financial Times reported earlier in July. The administration in May introduced a blueprint aimed at reducing drug prices.
  • Iran warns India of curtailing special privileges if oil imports reduced

    Iran warns India of curtailing special privileges if oil imports reduced

    Finance

    India, Iran's top oil client after China, has asked refiners to look for alternative oil as the nation may have to drastically cut imports from Tehran to comply with the renewed USA sanctions. The sources declined to be identified. State refiners, accounting for about 60% of India's almost 5 million bpd of refining capacity, lifted about 10% more Iranian volumes in June compared to May, at about 454,000 bpd, the data showed.
  • Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

    Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

    Finance

    Beijing immediately responded with its own tariffs on USA goods worth $ 34 billion . The spiraling conflict over United States complaints about Chinese technology policy has prompted warnings it might chill global economic growth. Chinese state media framed such cooperation in the context of the increasingly bitter trade dispute with Washington. He directed Lighthizer to identify $200 billion in Chinese goods for tariffs if China retaliated against United States penalties that are ...
  • Erdogan has appointed the Finance Minister of Turkey, his son

    Erdogan has appointed the Finance Minister of Turkey, his son

    Finance

    This year, in the elections held on June 24, Erdogan won an absolute majority in the presidential polls with 52.5 percent of the vote. At 16:30 local time (coincides with Moscow time ) Erdogan took the oath of office at the Grand National Assembly of Turkey (parliament).
  • The Bank of Canada monetary policy statement from July meeting

    Finance

    It was the fourth rate increase in the span of 12 months. The rate hike was the central bank's first interest rate move in six months and lifted the trend-setting rate to 1.5%, up from 1.25%. CPI and the Bank's core measures of inflation remain near 2 per cent, consistent with an economy operating close to capacity. The bank, however, noted in its report that despite "healthy" labour market conditions, employment growth and average hours worked have slowed down compared to last year's surge.
  • India Caught In US-China Trade War

    India Caught In US-China Trade War

    Finance

    The impact is already being felt in the markets. "The market probably had built that expectation in already and today we're seeing a nice rebound". "The U.S., of course, is now actively breaking down the very global organizations that have supported growth and globalization since the end of World War II and after the fall of the Berlin Wall".
  • Iranian Oil Minister Describes Trump’s Order To OPEC as

    Iranian Oil Minister Describes Trump’s Order To OPEC as "Insulting"

    Finance

    On Friday, Oil prices fell due to surging United States output and falling demand in China amid worldwide tensions and a Saudi production increase. Last month, OPEC and Russian Federation agreed to boost production by a million barrels daily to reduce prices that had gotten uncomfortably high for the biggest importers.
  • China raises tariffs on optical fiber materials

    China raises tariffs on optical fiber materials

    Finance

    China, meanwhile has vowed to match any future tariffs dollar-for-dollar, signaling an escalating trade war between the two nations. Another source who is familiar with the situation confirmed the Bloomberg report to Reuters. "Rather than address our legitimate concerns, China has begun to retaliate against US products". China has vowed to retaliate dollar-for-dollar to any further USA tariffs.
  • Tayyip Erdogan sworn in as Turkey's first executive president

    Finance

    Turkey narrowly approved the executive presidency in a contentious referendum past year. He says the changes, the biggest overhaul of governance since the modern Turkish republic was founded from the ruins of the Ottoman Empire nearly a century ago, are needed to drive economic growth and guarantee security.
  • Ottawa-Gatineau unemployment rate steady at 4.4% in June

    Ottawa-Gatineau unemployment rate steady at 4.4% in June

    Finance

    In an estimated labour force of 42,700, there were 39,700 employed and 3,000 unemployed, according to the survey released July 6. For the fourth consecutive month, Montreal had a lower unemployment rate than Toronto in June. The number, however, did come down from its nine-year high in May of 3.9 per cent. At the same time, employment decreased in accommodation and food services, and in agriculture.
  • All ministers have to sell her Brexit plan

    All ministers have to sell her Brexit plan

    Finance

    In a letter to members of her Conservative party, she said she had allowed ministers to speak out before but "collective responsibility is now fully restored". Britain's biggest union Unite also made its demands, calling on the government to drop its "red lines" on leaving the EU's customs union. But the hard-won compromise may yet fall flat with European Union negotiators.
  • Personal information of Timehop users stolen by hackers

    Personal information of Timehop users stolen by hackers

    Finance

    The vast majority of those affected by the "security incident" (as Timehop refers to it) had their names and usernames exposed, but for almost a quarter of them - 4.7 million - phone numbers were also exposed. This is a standard response to data breaches. After Timehop detected and stopped the attack, it deauthorized the tokens it uses to communicate with your social media profiles.
  • Oil seesaws in nervous trading as US implements tariffs on Chinese goods

    Oil seesaws in nervous trading as US implements tariffs on Chinese goods

    Finance

    Earlier this month, Reuters also reported that South Korea had upped crude oil imports from Kazakhstan, already looking for alternative supplies as the November 4 deadline for the sanctions draws nearer. " We will switch to either Middle East or West African supplies ", he said. "Looming U.S. sanctions on Iran , however, are causing serious concerns amongst market players".
  • Trade war erupts as China fights back against United States tariffs

    Trade war erupts as China fights back against United States tariffs

    Finance

    These initial tariffs are unlikely to inflict serious harm to the world's two biggest economies . Trump on Thursday said higher tariffs on an additional US$16 billion of Chinese goods were set to take effect in two weeks. "Of the original $50 billion in tariffs on China, items including lithium batteries, navigation devices, disk drives and circuit board components will be affected - hitting $15.2 billion worth of Chinese imports".
  • Starbucks to eliminate plastic straws by 2020

    Starbucks to eliminate plastic straws by 2020

    Finance

    These now come with drinks like the Starbucks Draft Nitro and Cold Foam, and will come with the Salted Cream Cold Foam Cold Brew to be released on Tuesday. As Fast Company reported, plastic straws have been banned or are planned to be banned by Alaska Airlines and McDonald's U.K., as well as in Vancouver, the U.K., Taiwan, Seattle, Miami Beach, and in California cities such as Oakland and Berkeley, to name a few.
  • Seattle becomes first major U.S. city to ban straws

    Seattle becomes first major U.S. city to ban straws

    Finance

    Seattle just became the first USA city to impose the trendy ban, and NY may soon follow suit, with Mayor Bill de Blasio backing an anti-straw City Council bill. If they end up in the ocean, they're just as likely to harm sea creatures as plastic ones. Restaurants will be tasked with finding alternatives, such as compostable paper or plastic utensils, and could face fines up to $250 for noncompliance.
  • Thai Cave Rescue Underway

    Thai Cave Rescue Underway

    Finance

    The extraction team began the risky operation at 10am local time and the families of the missing boys have been informed. The operation to bring them out of the cave, where they have been trapped for two weeks , has begun and the first of the group are expected to be freed from the cave at around 12am AEST.
  • ZTE Gets Temporary Reprieve From U.S. Ban Over Iran Sanctions Violations

    ZTE Gets Temporary Reprieve From U.S. Ban Over Iran Sanctions Violations

    Finance

    Li Ying was also appointed chief financial officer. The saga of ZTE's battle with the US authorities drags on, against the backdrop of Chinese-US trade and security tensions. As part of the agreement, the Commerce Department will impose a $1 billion penalty against ZTE, and a US -selected compliance team will be embedded in the firm for 10 years.
  • Netflix explores new premium price tier for 4K

    Netflix explores new premium price tier for 4K

    Finance

    Some European consumers were offered the Ultra plan at an even higher price (€19.99 or $23.39). That's three euros higher than the highest-price plan now offered. Wall Street analysts have said that Netflix has enough pull for testing out these higher prices. During a few months of 2017, Netflix posted its largest three-month growth spurt - 8.3 million new subscribers - despite raising the cost of its most popular plan (the Standard plan with two screens watching simultaneously) by $1 in ...
  • Wage gains slow, unemployment up from 18-year low

    Wage gains slow, unemployment up from 18-year low

    Finance

    Average hourly earnings advanced 2.7 per cent from a year earlier, while the jobless rate increased to 4 per cent from 3.8 per cent, the first rise in nearly a year. Just hours before the monthly reports came out, the Trump administration imposed tariffs on $34 billion worth of Chinese imports, prompting the Asian country to immediately reiterate.
  • Banner Day: US Adds More Jobs Than Expected; Trade Deficit Drops

    Finance

    The June jobs report showed employers added 213,000 nonfarm payrolls, more than economists had expected. As unemployment rose, the closely watched labor force participation rate also edged higher to 62.9 per cent, while the number of people counted as unemployed rose to 6.6 million people, up almost a half million.