• Tesco unveils discounter 'Jack's', to open 10-15 stores in 2019
Tesco unveils discounter 'Jack's', to open 10-15 stores in 2019

You've got to hand it to Dave Lewis - the decision to launch a new chain of budget stores is certainly ballsy. The launch kicks off Tesco's centenary, "Celebrating 100 Years of Great Value", and sees the UK's largest supermarket respond to the beating it's taken from discount retailers such as Aldi and Lidl.

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  • Amazon's Orlando workers among those set for $15 minimum wage announced today
Amazon's Orlando workers among those set for $15 minimum wage announced today

Amazon is raising its minimum wage for all employees to $15, a bump that could have implications throughout the U.S. workforce. All hourly USA employees in operations and customer service jobs, including those who made more than $15 an hour, would receive a pay bump in November, a spokeswoman said .

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  • Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate
Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate

During his 14 years as the head of Danaher , the company's market capitalization and revenues grew five-fold. Flannery vowed to give GE more of a high-tech and industrial focus by honing in on aviation, power and renewable energy - businesses with big growth potential.

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  • More stock whiplash as Tesla rebounds after Musk settlement
More stock whiplash as Tesla rebounds after Musk settlement

A fine of $20m and the loss of chairman seat later, Musk remains Tesla's CEO after agreeing on a deal with USA regulators. According to the SEC, "no disclosure controls or procedures" were put in place "to determine whether Musk's tweets contained information required to be disclosed in Tesla's SEC filings".

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  • Amazon announces $15 minimum wage for all US employees
Amazon announces $15 minimum wage for all US employees

This minimum wage will apply to all Whole Foods employees as well. Amazon's hourly operations and customer service employees, some who already make $15 per hour, will also see a wage increase, the Seattle company said. Also, Amazon will start advocating for a higher federal minimum wage, which has been $7.25 since 2009. Sanders claims many Amazon...

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  • Trump hails new trilateral trade deal with Canada, Mexico
Trump hails new trilateral trade deal with Canada, Mexico

The revamped NAFTA deal - dubbed the United States-Mexico-Canada Agreement, or USMCA - was nearly 14 months in the making and has 32 chapters, 11 annexes and 12 side letters. It replaces the 24-year-old North American Free Trade Agreement, which Trump has lambasted as a job-wrecking disaster that has hollowed out the nation's industrialized base.

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  • Trade deal returns United States to ‘manufacturing powerhouse’
Trade deal returns United States to ‘manufacturing powerhouse’

Prime Minister Justin Trudeau said he spoke with the US President Donald Trump this morning. "All of Canadian dairy farmers are upset today because the Trudeau government has given away between three to five per cent of our future earnings to the USA, and that's annual", he said.

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  • GE CEO John Flannery steps down
GE CEO John Flannery steps down

GE has been hobbled by years of poorly timed deals and needless complexity. Culp, 55, who was named to GE's board in February, was CEO of Danaher Corp ( DHR .N) from 2000 to 2014, helping grow an industrial company into a broader conglomerate through a series of acquisitions, while growing earnings.

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  • Trump administration sues California over 'extreme, illegal' net-neutrality law
Trump administration sues California over 'extreme, illegal' net-neutrality law

It was proposed after the Federal Communications Commission repealed Obama-era rules previous year that prevented internet companies from exercising more control over what people watch and see on the internet. Last month, California's state Assembly voted 61-18 in favor of the bill, and a day later the state's Senate approved the measure in a 27-...

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  • Tesla shares jump on Model 3 numbers, Musk deal
Tesla shares jump on Model 3 numbers, Musk deal

At Tesla dealerships in the United States and Canada, multiple showrooms took to social media to praise the volunteer workforce that had put a shift in. The settlement should place more oversight on Musk as required by the SEC while not taking the "devastating" measure of forcing him out, industry insiders said last night.

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  • What is the impact of the Facebook hack on you?
What is the impact of the Facebook hack on you?

The social media giant advised account holders that the people who conducted the breach exploited a "vulnerability" in the "View As" feature that allows users to see what their profile looks like to others. Facebook has now patched the vulnerabilities and revoked the compromised access tokens, forcing affected users to log back in (though their ...

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  • Tesla shares jump as SEC settlement leaves Musk in CEO role
Tesla shares jump as SEC settlement leaves Musk in CEO role

Shares of Tesla had plunged Thursday following the announcement that the SEC had sued Musk . That caused a brief spike in Tesla's share price, leading so-called short-sellers, who have been betting on the stock crashing for years, to lose millions.

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  • United States and Canada reach last-minute deal to preserve NAFTA
United States and Canada reach last-minute deal to preserve NAFTA

In addition, Ottowa has argued tariffs imposed on steel and aluminum imports should be halted as part of a new NAFTA deal. Trump wanted Canada to open its dairy market to U.S. According to industry experts, the rule would also allow the Trump administration the ability to impose higher tariffs on national security grounds if vehicles do not com...

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  • Boeing awarded $9.2B contract for Air Force T-X trainer aircraft
Boeing awarded $9.2B contract for Air Force T-X trainer aircraft

The Air Force will purchase up to 475 aircraft and 120 simulators under the indefinite-delivery/indefinite-quantity contract , although initial plans are to buy 351 T-X aircraft, 46 simulators and ground equipment, Defense News reported Thursday.

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  • Facebook: Up to 50m accounts hit by breach
Facebook: Up to 50m accounts hit by breach

Our investigation is still in its early stages. The social networking giant has confirmed today that on September 25th, hackers used a vulnerability tied to the code used in the " View As " feature to steal access tokens tied to Facebook accounts.

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  • Wall Street rally fizzles, USA dollar rises, after Fed rate hike
Wall Street rally fizzles, USA dollar rises, after Fed rate hike

Apple rose 2.5 percent at one point, the biggest boost to the three main USA stock indexes after JP Morgan re-started coverage of the stock with an "overweight" rating. With a system this highly leveraged its completely possible that the next recession will threaten the whole fiat currency/globalization/fractional reserve banking world.

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  • Jeff Bezos's space startup to supply engines for ULA's Vulcan rocket
Jeff Bezos's space startup to supply engines for ULA's Vulcan rocket

Aerojet's RL10 engine will provide power to the Vulcan rocket's upper stage. The decision was announced by press release and tweets today. The engine is made to be used by both commercial and government groups. This places them ahead of rival Aerojet Rocketdyne, which was also in the running for the Vulcan project. ULA is a 50-50 joint vent...

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  • Fuel prices to go up again in October
Fuel prices to go up again in October

The Department of Energy is expected to announce price increases on Friday (28 September). In Kolkata, a litre of petrol is selling at Rs 84.82 whereas diesel is priced at Rs 76.09 per litre. Maharashtra gets 26 percent in taxes from the retail sale of petrol , the minister said. Fuel prices in the country have been on the rise since mid-A...

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  • Elon Musk, Tesla CEO, is sued by SEC over going-private tweets
Elon Musk, Tesla CEO, is sued by SEC over going-private tweets

CEO over tweets may cost the carkmaker's shareholders close to $20 billion. An SEC press release says the agency asked the U.S. District Court in Manhattan for a "bar prohibiting Musk from serving as an officer or director of a public company".

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  • India should reduce or stop crude oil import from Iran: Moody's
India should reduce or stop crude oil import from Iran: Moody's

By New Year, Mr. Luckok said , as markets tighten, the price could go as high as $100. The debate over oil prices comes against a backdrop of months of sniping between Mr Trump and Mr Rouhani . "The reality is that no one (outside Saudi Arabia) can raise output in the next few weeks". Several big buyers, such as a number of Indian refiners, h...

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