December 13th, 2018

Business

Official IDs Canadian missing in China as entrepreneur

By Rob Gillies And Paul Wiseman, The Associated Press on December 12th, 2018

TORONTO – A second Canadian man has gone missing in China and is feared detained in what appears to be retaliation for Canada’s arrest of a top executive of telecommunications giant Huawei, Canadian authorities said late Wednesday. Canada’s Global Affairs department identified its missing citizen as Michael Spavor, an entrepreneur who is one of the ... Read More »

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5 charged with running massive movie piracy ring

By The Associated Press on December 12th, 2018

LOS ANGELES – A Los Angeles federal grand jury has indicted five men who allegedly ran an international piracy ring that offered hundreds of stolen movies and TV shows online, including “Fifty Shades of Grey,” ”Godzilla” and “The Walking Dead.” Wednesday’s indictment alleges the men hacked computer systems used by Hollywood film production companies to ... Read More »

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Virgin Galactic aims to reach space soon with tourism rocket

By John Antczak, The Associated Press on December 12th, 2018

MOJAVE, Calif. – Richard Branson’s Virgin Galactic is gearing up to finally send its tourism rocket ship to the edge of space. If successful, it would be a major step toward the long-delayed dream of commercial space tourism. The next test flight could come as early as Thursday with two pilots taking Virgin Space Ship ... Read More »

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US officials: China poses serious national security threat

By Michael Balsamo, The Associated Press on December 12th, 2018

WASHINGTON – Cyber threats from China and its theft of intellectual property from American companies pose large economic and national security challenges for the United States, national security officials said Wednesday. Officials from the Department of Justice, the FBI and the Department of Homeland Security told the Senate Judiciary Committee that China is working to ... Read More »

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Italy lowers deficit in revised budget to avoid EU sanctions

By Colleen Barry, The Associated Press on December 12th, 2018

MILAN – Italy lowered its proposed deficit to just over 2 per cent of GDP in a revised budget submitted Wednesday to the EU Commission in a bid to avoid costly sanctions. Premier Giuseppe Conte told reporters in Brussels after meeting with European Commission President Jean-Claude Juncker the new draft lowers the budget deficit to ... Read More »

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Congress approves $400 billion for farmers, forests, poor

By Juliet Linderman, The Associated Press on December 12th, 2018

WASHINGTON – After months of debate and negotiation, Congress voted final approval Wednesday to a massive farm bill that will provide more than $400 billion for agriculture subsidies, conservation programs and food aid. The House voted 369-47 for the legislation, which sets federal agricultural and food policy for five years, after the Senate approved it ... Read More »

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In airline-business rarity, Air France picks a woman CEO

By The Associated Press on December 12th, 2018

Air France is putting a woman in charge of the airline, a first for the French carrier and a rarity in the male-dominated industry. Air France’s parent company said Wednesday that Anne Rigail will take charge of the airline on Monday. She is currently executive vice-president. The airline has been led on an interim basis ... Read More »

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States cite climate worries in push to stop US coal sales

By Matthew Brown, The Associated Press on December 12th, 2018

BILLINGS, Mont. – Four states that say burning coal will hurt their residents as it makes climate change worse are trying to stop the Trump administration from selling vast reserves of the fuel that are beneath public lands. Attorneys for California, New Mexico, New York and Washington argue the coal sales have been shortchanging taxpayers ... Read More »

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Washington state builds bridge to keep wildlife off highway

By Manuel Valdes, The Associated Press on December 12th, 2018

SNOQUALMIE PASS, Wash. – Before descending the Cascade Mountains on its final stretch to Seattle, Interstate 90 cuts through a mountain pass of old growth forests and wetlands. For countless wildlife species, the busy highway is a border, constraining their movements and posing a fatal risk should they dare to cross it. “Everything from an ... Read More »

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Bausch Health looks to make first acquisition in more than three years

By The Canadian Press on December 12th, 2018

LAVAL, Que. – Bausch Health Companies Inc. is looking to make its first acquisition in more than three years after focusing efforts on reducing its debt and dealing with highly damaging legacy issues. The Quebec-based pharmaceutical company formerly called Valeant Inc., says it has entered into a definitive agreement to acquire certain assets of Synergy ... Read More »

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