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Italy's Services Activity Growth Fastest In 5 Months

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Tim Moore, IHS Markit's associate director, said: "The UK construction sector achieved a moderate expansion of business activity at the end of 2017, although the recovery remained uneven and slowed overall since November". "However, the sector continues to face some turbulence as delayed customer payments contributed to greater volumes of outstanding work", Aashna Dodhia, Economist at IHS Markit and author of the report said. Read More »

GoPro cuts 20 per cent of jobs, exits drone group

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In a trading statement, GoPro said its Karma drone would be the last one it would make. Following Monday's windfall, GoPro short sellers have now made a total of $42.5 million betting against the company this year. "We entered the new year with strong sell-through and are excited with our hardware and software roadmap". In the years since its 2014 initial public offering, formerly high-flying GoPro has sharply narrowed its vision and held several rounds of layoffs. Read More »

President Trump's border wall coming to Laredo?

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Support for the border wall in Congress remains tepid, and Trump's insistence on linking the controversial project to the Obama-era DACA program - Deferred Action for Childhood Arrivals - could complicate a deal aimed at shielding these young immigrants from deportation. Read More »

South Korea moves to curb speculation in cryptocurrency trading

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After Japan, South Korea is the most dominant Asian country in cryptocurrency trading and accounts for more than a fifth of average global trading volumes. "Cryptocurrency speculation has been irrationally overheated in Korea", the South Korean government said in a statement reported by Bloomberg. Speculation remains at the heart of the problem, though, with government officials saying in a statement, "The government can't let this abnormal situation of speculation go on any longer". Read More »

Salvation Army Kettle Campaign $5 Million Behind Target

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This year, the Angel Tree program was able to help the Betty Austin family, who lost their home in a fire in November. It's a day when we look to those who have given us donations at the kettles and those who sent in a check. In many cases, a person or group adopted a child and prepared gift packages for children. "We're still behind our goal for the season, so these gifts are truly special and make a significant impact on our basic needs programming that help thousands of clients throughout ... Read More »

Coinbase halts Bitcoin Cash transactions over insider trading fears

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Although bitcoin cash was already rising steadily before Coinbase enabled trading of it last night, it was trading at a significant premium on the platform versus the rest of the market. "Given price increase in the hours leading up the announcement, we will be conducting an investigation into this matter". Bitcoin cash was created after bitcoin forked in August , and bitcoin owners began receiving tokens-one bitcoin cash for each bitcoin they owned. Read More »

European Union investigating Ikea tax benefits

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The investigation relates to rulings given by the Dutch tax authorities to IKEA Systems (Systems), a Dutch subsidiary of Inter IKEA group. In return, the IKEA shops are entitled to use inter alia the IKEA trademark, and receive know-how to operate and exploit the IKEA franchise concept. Read More »

Man shot in leg after threatening staff with knife at Amsterdam airport

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Passengers took to social media to describe the incident. There were no other injuries reported. Schiphol is one of Europe's busiest airports and Friday is one of its busiest days of the week. People at the airport were terrified when they realized what was going on, an Amsterdam resident called Tobias told the Telegraaf. The suspect has been detained and removed from the scene. Read More »

New Report Says US is Healthiest and Least Healthy States

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The study shows that Oklahoma has jumped nine spots, up to 36th in the nation, when it comes to the rate of tobacco users. Among other categories in which MA was ranked first were immunizations of children ages 19 to 35 months; immunization of adolescents ages 13 to 17 years with Tdap vaccine, a combination vaccine that protects against tetanus, diphtheria, and pertussis (whooping cough); percentage of the population that is uninsured; number of dentists per 100,000 people; and number of ... Read More »

The airline industry is on course for record profit in 2018

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Similarly, net profit is poised to rise nearly 20 per cent in 2018 to US$38.4 billion - the industry's highest amount ever in one year. The organisation forecast profit would grow to $600m next year from $300m this year on the back of a minor increase in demand. Read More »

Trump Says He's Not Worried About What Flynn Will Tell Investigators

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Trump tweeted from his personal account Saturday. Just after noon, the president departed for his second fundraising event of the day at The Pierre Hotel, just blocks from his namesake Trump Tower. As acting attorney general at the end of the Obama administration, Yates and another Justice Department official went to the White House on January 26 to warn White House counsel Don McGahn that Flynn was potentially compromised and vulnerable to blackmail because of discrepancies between ... Read More »

DC Archdiocese Sues Metro for Rejecting Christmas Ads

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Emblazoned across the ad is the phrase: "FIND THE PERFECT GIFT". The website also includes a section about Catholic Advent and Christmas traditions and includes tips for how families can start their own traditions. Kim Fiorentino, the Archdiocese of Washington's Chancellor and General Counsel, said: "We believe rejection of this ad to be a clear violation of fundamental free speech and a limitation on the exercise of our faith". Read More »

Alibaba smashes Singles' Day records with 39% sales lift

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The percentage of GMV generated by mobile users was 90% - a clear sign that Alibaba has realized the goal it set several years ago to migrate consumers to the platform they hold in their hand. In China, Alibaba's main rival, online retailer JD.com, said sales had topped $16.7 billion - though the tallies are not comparable because JD tracks transactions starting from November 1 through to the actual day. Read More »

JC Penney stock higher from a better results than expected

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Citigroup Inc. downgraded J. C. Penney Company, Inc . Its quick ratio for the most recent quarter is 1.20. Large investors have recently added to or reduced their stakes in the stock. Marvin Ellison, chairman and CEO of J.C. Penney, said the company was encouraged by the stronger-than-expected growth in comparable store sales. The firm has a market capitalization of $975.73, a P/E ratio of 6.28 and a beta of 0.53. Read More »

150000 workers to receive increased living wage

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In 2015 the supermarket invested £9m into starting to pay its staff the "real" living wage, claiming to become the first supermarket in the United Kingdom to do so. From next year, accredited living wage employers in Scotland will increase their hour rate by 30p to £8.75 an hour. Lidl has announced that it will be increasing wages of more than 16,000 of its employees next year, as a result of a bump in the living wage. Read More »

Tesla Stock Punished by High Costs and Delayed Production

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In July, as Tesla delivered the first batch of Model 3's to employees, Musk admitted the company went through "production hell" to bring all three of its cars to market. Main Street Research LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $602,000. It also spent $325 million to repay a credit facility in the quarter. Read More »

Winx makes it 22 straight - just - with Cox Plate win

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Directly on the Emirates, Waller added: "Whether she has another run this prep, when she goes overseas - if she goes overseas - it'll all unfold and be pretty obvious I would say". Seven horses signed up to race her with Humidor , the 13-1 shot domestically, her toughest challenger. "If she's still racing in Australia next year, we want her at the Valley". Read More »

Tesla Building Electric Car Factory In China

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While the move would reduce Tesla's production costs, it will likely have to pay the 25% import duties that the Chinese government imposes on foreign vehicle makers, the WSJ report notes. Though Jason was in the only Tesla charging at the time the photos were taken, he tells Teslarati that the area is known for long charging queues and that he "can't wait to charge with 49 other Tesla owners". Read More »

Pollution: Killer of lives and growth

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The US is the only developed country in the top 10. Experts say the huge population of countries like India and China and the fact that these are developing economies should also be kept in mind while analysing these statistics. News agency PTI reported that the online indicators of the pollution monitoring stations in Delhi on Diwali nigh glowed red , indicating a "very poor" air quality as the volume of ultra fine particulates PM2.5 and PM10, which enter the respiratory system and ... Read More »

Wildfire forces evacuations in southern California

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Raging wildfires in northern California have destroyed at least 1,500 structures and forced the evacuation of 20,000 residents, officials said today. He says numerous people have been injured and a number of residents are also missing as 14 large fires burn. Smoke was thick as far away as San Francisco, 60 miles (96 kilometers) south of the Sonoma County fire. Read More »

BAE Systems PLC (BAESY) Raised to Hold at Zacks Investment Research

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It is organized into six strategic business units: the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia. Jlb & Associates Inc, a Michigan-based fund reported 121,085 shares. It has underperformed by 12.42% the S&P500. Plc (LON:BOO) stock had its "Buy" Rating reaffirmed by equity analysts at Beaufort Securities in a research report revealed to investors on Thursday morning. Read More »

VW Adds $2.95B to 'Dieselgate' Scandal Costs

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Roughly 11 million cars were recalled around the world for using software to cheat emission regulations, but with the majority of those being in Europe, a $3 billion hit for just a small portion of the cars suggest the automaker's woes are far from over, at least on the west side of the Atlantic. Read More »

Theresa May threatens U.S. with trade war over Bombardier row

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But Boeing conceded no ground, accusing Bombardier of illegally dumping its products in the US single-aisle airplane market out of desperation. "The magnitude of the proposed duty is absurd and divorced from the reality about the financing of a multibillion-dollar aircraft program", Bombardier said . Read More »

Volkswagen slapped with new $3bn penalty over diesel emissions scandal

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Under the agreement, the company either has to buy back the affected cars or modify them to bring them into compliance with United States environmental laws. "Four months later the US Justice Department said it had charged a former Audi manager with directing employees at the company to design software to cheat US emissions tests in thousands of Audi diesel cars". Read More »

Roku prices IPO at top of price range, raises United States dollars 219 mln

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The company's shares were set at 11.50 euros ahead of its slated market debut Friday, giving it a value of around $1.06 billion, according to Reuters . All told, Roku has raised $208 million in funding. It has the biggest share of the streaming-gadget market, but has deep-pocketed competitors in Amazon , Google and Apple . Read More »

Trump's Tax Plan: 12 Reactions You Need to Read

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It will be hard to tell who gets the tax cuts under the plan until lawmakers release a complete tax bill and independent analysts examine how the distribution of the tax burden differs from today's tax system. The White House and congressional leaders have considered giving up on a push to repeal the estate tax. The framework is the product of the so-called Big Six of USA policy makers on taxes: House Ways and Means Chairman Kevin Brady (R., Texas), Senate Finance Chairman Orrin Hatch ... Read More »

Target Is Raising Its Minimum Pay To $11 An Hour In October

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Target said the moves are part of efforts to recruit and retain employees and provide better service to customers and communities. As part of their "Fight for Fifteen" movement, unions are now pushing for raising the minimum wage to $15 per hour across industries, as it is considered to be a "living wage" by labor advocates. Read More »