• Italy to swear in populist coalition
Italy to swear in populist coalition

In a sign of the direction of the new cabinet, Conte named hardline anti-migrant League leader Matteo Salvini as interior minister and Eurosceptic Paola Savona - whose initial role as finance minister was vetoed by the president - as European affairs minister.

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  • Trump flouts federal rule with tweet touting job numbers
Trump flouts federal rule with tweet touting job numbers

WASHINGTON-President Donald Trump said Friday that he was "looking forward" to the release of the Labor Department unemployment figures, which subsequently showed the jobless rate fell to match its lowest level since 1969. Economists polled by Reuters had forecast non-farm payrolls increased by 188,000 jobs last month and the unemployment rate un...

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  • FTSE slumps as Italy crisis hits European markets
FTSE slumps as Italy crisis hits European markets

Premier-designate Carlo Cottarelli , a former International Monetary Fund official, was expected to submit his list of ministers to President Sergio Mattarella in Rome , two days after an attempt by two populist parties to form a government foundered on the president's rejection of their anti-euro economy minister.

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  • Wall Street rebounds as Italy worries ease, energy shares soar
Wall Street rebounds as Italy worries ease, energy shares soar

JPMorgan Chase rose 2.3 percent. The Russell 2000 index hit an all-time high as small-cap stocks like Movado Group Inc (NYSE:MOV) soared. In Asia, shares made moderate gains early on Thursday as global markets rebounded after recent fears about Italy faded.

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  • Chick-Fil-A location raising employees' pay to $18 an hour
Chick-Fil-A location raising employees' pay to $18 an hour

California minimum wage is increasing by 50 cents a year and going to be $15 by 2022. "We're looking for people trying to raise families, improve their lifestyle", Eric Mason told KXTV . As union-led protests that came to be known as the "Fight for $15" were sweeping the nation in 2015, McDonald's said it would set starting pay for 90,000 worker...

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  • Trump Calls on Canada to Open Markets, Remove Trade Barriers
Trump Calls on Canada to Open Markets, Remove Trade Barriers

Dissatisfied with the negotiations, Trump lifted the exemptions, in a move likely to provoke counteraction from trade allies. The EU, Canada and Mexico learned yesterday that they will not be exempted from the decision of US President Donald Trump to slap tariffs of up to 25 per cent on metal imports.

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  • OECD Economic Outlook: Stronger global economy, but risks loom large
OECD Economic Outlook: Stronger global economy, but risks loom large

The OECD's latest Economic Outlook report said that the country's gross domestic product shrank in January-March but this was a "temporary correction". Though the number of trade restrictions has crept higher over the last decade, further measures could create a significant drag on growth because the global economy is now more interconnected than...

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  • How Amazon plans to block Australians from using popular feature
How Amazon plans to block Australians from using popular feature

The GST is set to come into effect on July 1, this year, when Amazon also plans to enforce the geo-fencing of Australian users to their local store. "While we regret any inconvenience this may cause customers, we have had to assess the workability of the legislation as a global business with multiple worldwide sites", Amazon said in a statement.

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  • Starbucks shuts 8,000 USA stores for race training
Starbucks shuts 8,000 USA stores for race training

Starbucks closed 8,000 of its stores Tuesday to give 175,000 employees about four hours of anti-bias training. A viral video sparked outrage over the inappropriate arrest of two black men at a Philadelphia Starbucks last month. Sometimes, however, we fall short, disappointing ourselves and all of you. Eight-thousand stores in total closed tem...

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  • Yahoo hacker whose work compromised 500M accounts sentenced to 5 years
Yahoo hacker whose work compromised 500M accounts sentenced to 5 years

Baratov's operation was was said to be a piece in the much larger 500-million account mega-breach that would rock the Purple Palace ahead of its sale to Verizon. Baratov is the only one of the four that has been arrested. Other victims of the hacks included employees of a Russian cybersecurity company, a Russian investment banking firm, a Frenc...

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  • Italian political crisis causes jitters in financial markets
Italian political crisis causes jitters in financial markets

Italy's president is expected to ask a former International Monetary Fund official on Monday to head a stopgap government amidst political and constitutional turmoil, with early elections looking inevitable. "I want this institutional crisis to be taken to parliament . and the president tried", Mr Di Maio said. The parties have vowed to use thei...

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  • Tesla Model 3 gets CR recommendation after OTA brake update
Tesla Model 3 gets CR recommendation after OTA brake update

The magazine says the wireless update of antilock braking software cut 19 feet from the car's stopping distance from 60 miles per hour. Musk had acknowledged the brake issue last week , saying that the magazine's tests had used two early versions of the auto and that a firmware update could improve braking distance beyond initial specs.

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  • USA announces new tariffs on China ahead of talks with Beijing
USA announces new tariffs on China ahead of talks with Beijing

Still, a return to Trump's hard-line approach will not necessarily doom Ross's trip this weekend, said Scott Kennedy, director of the Project on Chinese Business and Political Economy at the Washington-based think tank Centre for Strategic and International Studies, citing China's "very measured" response.

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  • Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours
Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours

Airlines including Singapore Airlines , Australia's Qantas Airways Ltd (QAN.AX) and USA -based United Continental Holdings Inc (UAL.N) are adding ultra-long haul flights that can capture an airfare premium of around 20 percent versus flights involving one or more stops.

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  • Sask. reacts to federal government's purchase of Trans Mountain pipeline
Sask. reacts to federal government's purchase of Trans Mountain pipeline

Indigenous activists are keeping a close eye on an oil spill near Barriere, B.C., days before Kinder Morgan's so-called deadline on its $7.4-billion Trans Mountain expansion project. The cost to Canadians could go higher - Ottawa will provide loan guarantees for any money Kinder Morgan spends on the endeavour between now and when the pipeline is so...

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  • Wait, did Indian Oil Corporation just cut fuel prices by 1 paise?
Wait, did Indian Oil Corporation just cut fuel prices by 1 paise?

In all, petrol price was increased by Rs 3.8 per litre and diesel by Rs 3.38 in that fortnight. In Kolkata, the revised price of petrol is Rs 71.85 while in Chennai the revised price is Rs 73.17. In April, Pradhan had said the Centre and the state governments have been considering bringing the petroleum products under the ambit of Goods and Ser...

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  • Why Does Jeff Bezos Want Us To Leave the Earth?
Why Does Jeff Bezos Want Us To Leave the Earth?

Earth will reportedly be zoned for residential and light-industrial use; heavy industry, meanwhile, will be moved off the planet and rely on 24/7 solar power. They have found out parts of water ice near lunar poles which can be converted into drinkable water, breathable air and used as propellant to fuel rockets.

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  • Burger King introduces 'Whopper Donut' as part of National Doughnut Day
Burger King introduces 'Whopper Donut' as part of National Doughnut Day

Will you try the "Whopper Donut"? Buy a dozen regular glazed doughnuts at Prince Donuts, and you'll receive three cronuts (a doughnut-croissant hybrid) free of charge. Burger King is planning to sell the food item on National Doughnut Day this Friday, it's been revealed. On June 1, Tim Hortons in select markets will have a chance to win free don...

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  • Oil prices could jump to $100 regardless of Russia & Saudi Arabia
Oil prices could jump to $100 regardless of Russia & Saudi Arabia

But now, there is hope for us as the top 3 crude oil producers in the world, America, Russia and Saudi Arabia are thinking about scaling up their production to match the demand. "Market participants remain unsure how quickly an exit strategy can be implemented and whether it will go beyond just balancing the output drop from Venezuela", said ...

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  • Tesla on autopilot crashes into parked police SUV in Laguna Beach
Tesla on autopilot crashes into parked police SUV in Laguna Beach

A Tesla Model S veered into a parked police cruiser Tuesday, severely damaging both vehicles in Laguna Beach, Calif., a coastal community south of Los Angeles. Tesla , asked about the accident , noted that drivers are not supposed to rely exclusively on Autopilot. In March, Apple engineer Walter Huang was killed in a crash after his Tesla X ...

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