December 10th, 2018

Business

Dolce&Gabbana fiasco shows importance, risks of China market

By Ken Moritsugu And Colleen Barry, The Associated Press on November 25th, 2018

BEIJING – Don’t mess with China and its growing cadre of powerful luxury consumers. That’s the lesson Dolce&Gabbana learned the hard way when it faced a boycott after Chinese netizens expressed outrage over what were seen as culturally insensitive videos promoting a major runway show in Shanghai and subsequent posts of insulting comments in a ... Read More »

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EU seals Brexit deal as May faces a hard sell at home

By Lorne Cook, Jill Lawless And Raf Casert, The Associated Press on November 25th, 2018

BRUSSELS – After months of hesitation, stop-and-start negotiations and resignations, Britain and the European Union on Sunday finally sealed an agreement governing the U.K.’s departure from the bloc next year. So much for the easy part. British Prime Minister Theresa May must now sell the deal to her divided Parliament – a huge task considering ... Read More »

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Russia, Ukraine trade blame over naval incident near Crimea

By Matthew Bodner, The Associated Press on November 25th, 2018

MOSCOW – Russia and Ukraine traded accusations over an incident at sea Sunday near the disputed Crimean Peninsula, increasing tensions between both countries and prompting Moscow to block passage through the Kerch Strait. Russia’s coast guard said that three Ukrainian navy ships made an unauthorized crossing through Russian territorial waters, while Ukraine alleged that one ... Read More »

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‘Wreck-It Ralph’ and ‘Creed’ sequels top holiday box office

By Lindsey Bahr, The Associated Press on November 25th, 2018

LOS ANGELES – Movie sequels are having their own Thanksgiving feast at the box office. Studios on Sunday said the “Wreck-It Ralph” sequel “Ralph Breaks the Internet” has earned an estimated $55.7 million over the three-day weekend and $84.5 million since its Wednesday opening to top the North American charts. The Rocky spinoff “Creed II” ... Read More »

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Russia blocks passage in Kerch Strait after Ukraine incident

By The Associated Press on November 25th, 2018

MOSCOW – Russia has blocked passage through the Kerch Strait, a narrow body of water nestled between Crimea and the Russian mainland, after three Ukrainian navy ships made what the Russian coast guard has called an unauthorized crossing through Russian territorial waters. The move comes after months of growing tensions between Ukraine and Russia, which ... Read More »

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Five things to watch for in the Canadian business world in the coming week

By The Canadian Press on November 25th, 2018

TORONTO – Five things to watch for in the Canadian business world in the coming week: Maybe not pot Alimentation Couche-Tard Inc. will release its second-quarter results on Tuesday. The company’s chairman said in September that reluctance from its own employees and broader uncertainty about the North American cannabis market are preventing it from charging ... Read More »

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Oilpatch share buybacks drive record high totals on the Toronto Stock Exchange

By Dan Healing, The Canadian Press on November 25th, 2018

CALGARY – Canadian oil and gas companies finding little love in the stock market are repurchasing their neglected shares, driving a rise in share buybacks that’s already reached a record high this year. Using scarce dollars to buy your own stock instead of investing to grow the business may seem wasteful to some, but observers ... Read More »

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Canada’s big banks to end strong financial year with a ‘whimper’

By Armina Ligaya, The Canadian Press on November 25th, 2018

TORONTO – Canada’s biggest banks are expected to close out a strong financial year that was helped by interest rate hikes and favourable credit conditions with a “whimper” of a quarter. The Bank of Nova Scotia is the first of its peers to report its earnings for the three months ended Oct. 31 on Tuesday, ... Read More »

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Key points in the EU-UK Brexit agreement

By The Associated Press on November 25th, 2018

BRUSSELS – The European Union has formally approved a divorce agreement with Britain, the first country ever to leave the 28-nation bloc. The deal consists of a legally binding withdrawal agreement that runs more than 580 pages, and a 26-page political declaration on future relations. Some key points: WITHDRAWAL AGREEMENT Transition period: Britain will leave ... Read More »

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EU endorses Brexit deal and warns: there’s no better offer

By Lorne Cook, Jill Lawless And Raf Casert, The Associated Press on November 25th, 2018

BRUSSELS – European Union leaders on Sunday sealed a divorce deal with Britain, and issued a warning to U.K. politicians who within weeks will approve or reject it – this offer is as good as it gets. Amid criticism of the deal from lawmakers on all sides of Britain’s EU debate, European Commission chief Jean-Claude ... Read More »

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