May 27th, 2018

Business

Northern Dynasty Minerals shares plunge after First Quantum walks away

By The Canadian Press on May 25th, 2018

VANCOUVER – Shares of Northern Dynasty Minerals Ltd. lost as much as a third of their value in early trading after First Quantum Minerals Ltd. walked away from a proposed deal with the company. Northern Dynasty says it was unable to reach an agreement on an option and partnership deal with First Quantum. A framework ... Read More »

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US durable goods orders drop but key category shows strength

By Paul Wiseman, The Associated Press on May 25th, 2018

WASHINGTON – Orders for long-lasting manufactured goods fell in April amid weaker demand for aircraft. But a key category that tracks business investment rose after sliding in March – a sign of health for American industry. The Commerce Department says U.S. orders for durable goods – manufactured items from washing machines to battleships that are ... Read More »

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Tesla in Autopilot mode sped up before crashing

By Julian Hattem, The Associated Press on May 25th, 2018

SALT LAKE CITY – A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press. Two people were injured. Data from the Model S electric vehicle show it picked up speed for 3.5 ... Read More »

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Amid confusion, EU data privacy law goes into effect

By Danica Kirka, The Associated Press on May 25th, 2018

LONDON – Lars Andersen’s business handles some of the most sensitive data there is – the names and phone numbers of children. The owner of London-based My Nametags, which makes personalized nametags to iron into children’s clothing, says protecting that information is fundamental to his business, which operates in 130 countries. But starting Friday, My ... Read More »

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$28.6 million in cash seized in ex-Malaysia PM’s graft probe

By Eileen Ng, The Associated Press on May 25th, 2018

KUALA LUMPUR, Malaysia – Malaysian police said Friday the cash stashed in bags at an apartment linked to former Prime Minister Najib Razak and seized in a money-laundering investigation amounted to 114 million ringgit ($28.6 million). Police seized 284 boxes of expensive designer handbags and 72 pieces of luggage stuffed with cash, jewelry and watches ... Read More »

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Fed Chair Powell highlights importance of independent Fed

By Christopher Rugaber, The Associated Press on May 25th, 2018

WASHINGTON – Federal Reserve Chairman Jerome Powell says the Fed’s independence from political pressure plays a key role in enabling the central bank to fight inflation, stabilize the economy, and regulate the financial system. His remarks Friday come after Kevin Warsh, a former Fed official who President Donald Trump interviewed for the chairman post, said ... Read More »

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Morneau to give speech in Calgary ahead of Kinder Morgan deadline

By The Canadian Press on May 25th, 2018

CALGARY – Finance Minister Bill Morneau is headed west next week with plans to give a speech to a Calgary business audience a day ahead of a deadline set by Kinder Morgan for its controversial Trans Mountain pipeline expansion project. The Calgary Chamber of Commerce, which announced the event set for May 30, says the ... Read More »

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Harvey Weinstein turns himself in to face sex crime charges

By Colleen Long, The Associated Press on May 25th, 2018

NEW YORK – Harvey Weinstein turned himself in to police Friday morning to face the first criminal charges to be filed against him after months of misconduct allegations from scores of women that destroyed his career and set off a national reckoning known as the #MeToo movement. Weinstein, 66, stepped from a black SUV wearing ... Read More »

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Harvey Weinstein arrives to surrender in sex assault probe

By Colleen Long, The Associated Press on May 25th, 2018

NEW YORK – Harvey Weinstein turned himself in to police Friday morning to face the first criminal charges to be filed against him after months of sexual abuse allegations from scores of women that destroyed his career and set off a national reckoning known as the #MeToo movement. Weinstein, 66, stepped from a black SUV ... Read More »

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Ready or not, Canadian business may face sanctions under EU’s GDPR privacy law

By David Paddon, The Canadian Press on May 25th, 2018

TORONTO – Any Canadian business that collects personal information about residents of the European Union – whether they’re tourists, students or online customers – risks maximum fines of $30 million or more if they violate a sweeping new EU privacy law that takes effect Friday. But privacy experts say many small- and mid-sized Canadian companies ... Read More »

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