• Winter Storm Diego targets +20 million people in southern US
Winter Storm Diego targets +20 million people in southern US

According to a website that tracks live power outages, nearly 150,000 people in North Carolina were without power as of Sunday morning. In addition to hard travel due to the heavy snow, isolated power outages were possible. This is frequently the case in winter storms . The local National Weather Service office had to adjust its forecast m...

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  • Two thieves snatch Salvation Army Kettle in Blaine
Two thieves snatch Salvation Army Kettle in Blaine

Police are trying to identify the people caught on camera stealing the kettle at the Cub Foods store near the Northtown Mall on Tuesday afternoon, December 4. They then took off in a gray or silver Chevy Trailblazer. With three weeks left of red kettles on the streets, officials with the local Corps say holiday shoppers can double their generosit...

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  • Oil edges higher after Russian Federation indicates larger output cut
Oil edges higher after Russian Federation indicates larger output cut

But Iran gave OPEC the green light on Friday to reduce oil output by around 0.8 million barrels per day from 2019 after finding a compromise with rival Saudi Arabia over a possible exemption from the cuts, an OPEC source said. But some said Friday's deal may not be enough to keep oil prices buoyant. The deal at the end was a surprise to every...

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  • Marlboro Maker Investing $2.4 Billion In Marijuana Market
Marlboro Maker Investing $2.4 Billion In Marijuana Market

The offer represents a 16.2 per cent premium to the stock's Thursday close on the Toronto Stock Exchange . The agreement allows Altria to nominate four directors to Cronos' board of directors, including one independent director. Corona beer maker Constellation Brands announced a US$4 billion investment in Canadian cannabis producer Canopy Gr...

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  • U.S. employment report seen calming fears over economy
U.S. employment report seen calming fears over economy

The unemployment rate , meanwhile, remained unchanged for the third straight month, holding steady at 3.7 percent - a 49-year low. "Based on the reported wage growth this month, estimated household income growth increased 3.1 percent compared with a year ago".

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  • Airplane skids off runway while trying to land in heavy rain
Airplane skids off runway while trying to land in heavy rain

A Southwest Airlines plane has skidded off the runway during a rainstorm after landing at Los Angeles' Burbank Airport. "Customers deplaned the aircraft via air stairs, with no reported injuries among the 112 customers and five crew members", the carrier said in a statement.

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  • Police arrest 575 in Paris in latest anti-government protest
Police arrest 575 in Paris in latest anti-government protest

Nationwide, about 89,000 police will fan out in the streets, an increase from 65,000 last weekend, when more than 130 people were injured and over 400 arrested as the protests degenerated into the worst street violence to hit the French capital in decades.

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  • China promises prompt action on US trade pact
China promises prompt action on US trade pact

Asked to confirm whether Beijing promised to buy American goods immediately, Gao said China will "immediately implement the consensus reached by the two sides on farm products, cars and energy". The two countries, and companies from both sides, share common interests on intellectual property rights protection, fair competition and broadening mark...

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  • US, China agree to delay January 1 tariff hike
US, China agree to delay January 1 tariff hike

Trump agreed Saturday to postpone USA tariff hikes in a fight over technology by 90 days while the two sides negotiate. The market is closed Wednesday as the United States celebrates a National Day of Mourning for the late President George H.W.

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  • Wall Street reels as Dow Jones falls over 800 points
Wall Street reels as Dow Jones falls over 800 points

The Nasdaq fell 283 points, or 3.8 percent, to 7,158. However, traders across the board seemed to doubt progress on the trade talks with China. US futures also augured a downbeat start for Wall Street after markets were closed Wednesday to mourn the death of former President George H.W.

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  • Huawei: Chinese media accuses USA of 'hooliganism' over Meng Wanzhou arrest
Huawei: Chinese media accuses USA of 'hooliganism' over Meng Wanzhou arrest

It was the same day that US President Donald Trump and Chinese President Xi Jinping met in Argentina for the G20 summit, where they agreed a 90-truce in their trade war . Thornton China Center at the Brookings Institution who was an economic and financial emissary to China for the Treasury Department under President Barack Obama.

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  • World markets down after arrest of Huawei executive
World markets down after arrest of Huawei executive

The chief financial officer for China's global tech giant, Huawei Technologies, has been arrested in Richmond and is facing extradition to the U.S. Huawei said it complies with all laws and rules where it operates, including export controls and sanctions of the United Nations , the USA and European Union.

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  • Oil prices slide as Trump urges OPEC not to cut supply
Oil prices slide as Trump urges OPEC not to cut supply

It is still under discussion", one delegate said. The production surge took place in the run-up to Trump's pledge to sanction Iran's oil sector on November 4 and later decide to give waivers to some customers. But Washington gave sanctions waivers to some buyers of Iranian crude, further raising fears of an oil glut next year. President Tru...

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  • Alberta to reduce oil production in 2019 to increase prices
Alberta to reduce oil production in 2019 to increase prices

The price discount between Western Canadian Select (WCS) and West Texas Intermediate (WTI) has fluctuated in recent weeks, reaching around C$45 a barrel. "But the broader health of the province is likely to benefit over the medium term from the decision as a result of narrowing differentials and stronger royalty revenue".

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  • CFO for Huawei Technologies arrested in Vancouver, sought for extradition
CFO for Huawei Technologies arrested in Vancouver, sought for extradition

According to a statement obtained by the Richmond News from the Department of Justice Canada, Wanzhou Meng was arrested in Vancouver on December 1. He refused to provide any details on the circumstances of the Chinese executive's arrest, saying that she was " sought for extradition by the United States ".

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  • French government urges unity in face of mass protests
French government urges unity in face of mass protests

But demonstrations continued around the country. Following the worst anti-government riots in Paris since 2005, French President Emmanuel Macron has now canceled the fuel tax hike entirely. Shops were looted and cars torched in plush neighbourhoods around the famed Champs-Elysees Avenue. The movement does not seem to be led by a known labor l...

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  • Trump hails US-China relations amid trade detente
Trump hails US-China relations amid trade detente

At their dinner meeting in Buenos Aires Saturday, the two leaders agreed to suspend any new tariffs and give negotiators 90 days to strike a deal, sending stock markets soaring. " Cooperation is the best option for the two countries " in promoting world peace and prosperity, Xi reportedly told the United States president at a working dinner, ac...

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  • Beef recall expanded to more than 12 million pounds
Beef recall expanded to more than 12 million pounds

Those at most risk for severe illness include people with weakened immune systems, babies and elderly individuals. Common symptoms of a salmonella infection typically appear within 12 to 72 hours after exposure to the bacteria and may include diarrhea, abdominal cramps and fever.

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  • Trump dubs himself 'Tariff Man,' threatens tougher stance with Chinese
Trump dubs himself 'Tariff Man,' threatens tougher stance with Chinese

While neither of these two energy products were mentioned by name, it's likely that China would not only appease the U.S.by removing tariffs on U.S. LNG imports but would also help itself since Beijing needs the diversity of supply that growing U.S.

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  • Qualcomm says US$44bn NXP deal dead for good
Qualcomm says US$44bn NXP deal dead for good

Popular US-based mobile chip maker Qualcomm could still reconsider a move to buy NXP after Chinese President Xi Jinping's statement at the G20 Summit that the matter could be revisited, suggests an analyst for TrendForce based out of Taipei.

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