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One lucky person could win McDonald's for life in a new contest

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The victor, subject to verification, will receive McDonald's food for Life (for the victor only), up to two meals per week for 50 years, awarded as a $1,000 credit on winner's McDonald's App and $35,400 cash, plus $15,600 to offset taxes on the prize, awarded as a check for $51,000. Read More »

National Capital jobless rate a tad higher in July

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Stats Canada says the decrease in employment for Alberta is due to the lack of full-time work, however, part-time work saw an increase creating little change in the rate for July. In contrast, employment fell in most goods-producing sectors, specifically manufacturing, construction and natural resources. By industry, the services sector saw the biggest gains last month with a combined net increase of 90,500 jobs, which was led by 36,500 new positions in education and 30,700 in health care ... Read More »

Four Ex-Nike Employees Sue Company For Gender Discrimination

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Nike in this spring ousted at least 11 executives in connection with the accusations of inappropriate behavior. The women say Nike paid them less than male counterparts at the company. Subsequently, several top male executives announced they would leave Nike, and the company began reviewing its human-resources operations. Cahill also alleges that a former vice president at Nike referred to women by derogatory names and singled out a female employee for harsh criticism, yelling at her ... Read More »

Family of airline worker who crashed stolen plane 'shocked'

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Troyer said the man who stole the plane is a mechanic at the airport . One user tweeted , "Some dude stole a plane from #Seatac (Allegedly), did a loop-the-loop, nearly crashed into #ChambersBay, then crossed in front of our party, chased by fighter jets and subsequently crashed". Read More »

Ikea's sofas and spoons in demand as first store opens in Hyderabad

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About 10,000 customers had visited the store by 4 pm but the crowds swelled later as thousands of office goers headed to the shopping place while returning home from offices. However, Ikea claims it is for everyone, irrespective of size of their wallet. The retail store is built on 13 acres of land spanning over 400,000 sq ft. Read More »

Turkey turmoil rattles Wall Street, banks take a knock

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Citigroup, the most global of the major US banks, fell 2.4 per cent. JPMorgan, Wells Fargo and Bank of America were also lower. S&P technology sector's 0.42 percent fall was led by chipmakers. Leading sector declines was the S&P energy index.SPNY, which fell 0.9 percent. Tech stocks have been at the center of a sharp recovery in the S&P since a market rout in February, driving the index close to its record high. Read More »

British pound falls lower against dollar, euro

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Pound sterling is now selling off against the U.S. dollar and the Japanese yen, while strengthening against the Australian dollar and the euro. Analysts said the pound was also hurt by a growing realisation, after the Bank of England's monetary policy meeting last week, that interest rate increases were likely to be as limited as one a year and contingent on a smooth Brexit . Read More »

Mechanic steals empty plane from Seattle's airport, crashes

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The official wasn't authorised to discuss the matter and spoke on the condition of anonymity. Richard Russell , who liked to be called Beebo, was a 29-year-old man living in Sumner, Washington, who was born in Key West, Florida, and moved to Wasilla, Alaska, when he was 7 years old, according to a Web page he set up for a college communications class. Read More »

Authorities probe how 'suicidal' employee could steal plane

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Video from a witness on the ground shows the plane at one point doing a loop, putting the aircraft upside-down, then pulling up just feet above a body of water. They pursued the aircraft before it went down on Ketron Island, between Tacoma and Olympia. The sheriff's department said they were working to conduct a background investigation on the man, whose name was not immediately released. Read More »

Elon Musk and Tesla: Tweet, rattle and roll

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The SEC on Wednesday asked Tesla whether one of CEOElon Musk's tweets about the possibility of taking the company private was truthful, The Wall Street Journal reported . "I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible", he wrote in a blog post following his tweet . Read More »

Crocs footwear is closing plants, outsourcing manufacturing

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But experts and the company itself have brought clarity to the ruckus: Crocs has confirmed via a tweet - and in a email exchange with FN - that it is not going away. Quite the contrary; Crocs will continue to innovate, design and produce the most comfortable shoes on the planet. "Revenues and gross margin exceeded our guidance, and our diluted earnings per share were 75% above last year's second quarter based on the strength of our product and the growing demand for our brand". Read More »

Chinese state media accuse US of 'mobster mentality', vow to fight tariffs

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So far, China has now either imposed or proposed tariffs on 110 billion dollars of USA goods. China's latest tariff measures are in response to the earlier US action. "Trump said he had told Xi as much to his face". "There are only two hard outcomes so far and China's winning 2-0", Moon said. There's no clear resolution on the horizon for President Donald Trump's trade war with China , and many states could soon start feeling the pain. Read More »

Trump's new tariffs on Turkey are actually benefiting Russian Federation

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Erdogan's characteristic defiance in the face of the crisis has further unnerved investors. "Turkey's awkward diplomatic relations with the west, and the U.S. Meanwhile, markets are deeply concerned over the direction of economic policy under Erdogan, with inflation at almost 16 percent but the central bank reluctant to raise rates in response. Read More »

Alaska Airlines reports stolen aircraft, witnesses report chase

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A Horizon Air Bombardier Dash 8 Q400, reported to be hijacked, flies over Fircrest, Washington, the USA, before crashing in the South Puget Sound, August 10, 2018 in this still image taken from a video obtained from social media. While authorities did not release the man's name, they say the man was suicidal, and officials said Friday night the man is likely dead. "I got a lot of people that care about me", he said on the recording. Read More »

Monsanto to pay US$289 million over weed killers that caused cancer

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Following eight weeks of trial proceedings , the San Francisco jury ordered Monsanto to pay US$250 million in punitive damages along with compensatory damages and other costs, bringing the total figure to almost US$290 million. Johnson's lawyers, relying on his testimony and expert witnesses, argued that his exposure, including accidents that got him soaked from head to toe in Roundup, caused his non-Hodgkin's lymphoma. Read More »

Erdogan says attempts to exert economic pressure on Turkey futile

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Compounding the lira's agony, President Donald Trump said he had doubled steel and aluminium tariffs on Turkey, noting that relations between the North Atlantic Treaty Organisation allies were "not very good". The US dealt Turkey and the lira a further blow in a tweet on Friday, in which Mr Trump said he had approved the doubling of tariffs on Turkish steel and aluminium. Read More »

Turkey's floundering economy exacerbated by Trump tariffs

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He added , America's current relationship with Turkey is on a downward spiral. Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for not releasing pastor Andrew Brunson . The lira fell 7% against the dollar to 5.9655 on Friday morning after hitting an all-time low earlier in the session. He claims higher rates lead to higher inflation - the opposite of what standard economic theory says. Read More »

Bitcoin ETF ruling delayed, cryptocurrency market plunges

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But there has also been some news that has also weighed on other cryptocurrencies that may have helped bitcoin's market share increase again. Canaccord researchers stressed that as a result of the background of VanEck and CBOE in dealing with regulated USA markets, their Bitcoin ETFs are expected to be accepted by the SEC . Read More »

Trump doubles steel & aluminum tariffs on Turkey

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European and American bank stocks declined on concerns about their exposure to Turkey. "Even if eurozone goods exports to Turkey were to fall by, say, 20 percent, this would subtract no more than 0.1 percentage point from growth in the big eurozone", according to the report. Read More »

Ryanair flight CHAOS: What airline MUST do if STRIKES leave you STRANDED

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This is the latest of several strikes by Ryanair pilots and cabin crew in under a month, and the first involving joint action by pilots from several countries. But the "once in a lifetime experience" of being at her best friend Justine's wedding seems impossible now, after Ryanair cancelled her flight with two days' notice. Read More »

Turkey's currency nosedives on economic concerns, US dispute

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That is spreading fear of an impact on other economies and markets - bank shares across the continent fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European banks' exposure to Turkey . Read More »

Saudi Arabia Suspends Flights to Canada, Withdraws Students from Universities

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The Saudi Foreign Ministry took exception to the wording of the tweet, calling it an attempt by Canada to interfere with the country's internal affairs. Gulf Cooperation Council (GCC), a loose association of the six Gulf Arab countries, the Arab League and Palestine also supported Saudi policy. The Twitter account has been described as "an official government" account in Saudi-owned state media, although the relationship to the Saudi state is not clear. Read More »

Japanese automakers Suzuki, Mazda and Yamaha admit false emissions data

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The ministry looked at tests conducted over different periods at all three automakers. But a growing list of improprieties has tarnished the image of the country's manufacturing industry for high-quality products and efficiency. Yamaha shares were down 4 percent. For Yamaha Motor, around 2 percent of 335 units chosen for the sampling inspection had not gone through appropriate testing since January 2016, according to the ministry. Read More »

IKEA to say hello to Hyderabad today

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Inside the store has a massive 1,000-seater restaurant, which will serve customers a wide range of food items consisting of staples from Swedish and Indian cuisine, according to its site . Plot size of 8-11 acres for store to be set up. It is planning to roll out online sales in cities where it can support them with delivery and assembling services. Read More »

NYC reins in Uber with cap on ride-hail vehicles

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Mayor Bill de Blasio still needs to sign it into law, but it's believed that he will do that soon. The legislation also allows the city to set a minimum pay rate for drivers and minimum fares for the industry. The effort to cap the services in New York , Uber's largest us market, was opposed by ride-hailing businesses, including Uber, Lyft and Via. Ride-hailing companies aren't exactly pleased. Read More »

Trump's China Trade War Just Escalated by $16 Billion

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China confirmed that it will impose 25 percent tariffs on an additional $16 billion worth of imports from the United States from August 23, matching an earlier move from Washington in another ratchet higher for the trade war between the two nations. Read More »