• Debenhams just collapsed into administration after rejecting a final rescue offer
Debenhams just collapsed into administration after rejecting a final rescue offer

British department store chain Debenhams has entered into a pre-pack administration, and immediately been taken over by its lenders. They sold the group to its creditors including British banks and USA hedge funds. The company would also have had to install Mr Ashley as chief executive. Mr Ashley's attempts to take control of Debenhams had become...

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  • Divorce makes Bezos' ex-wife world's 3rd richest woman
Divorce makes Bezos' ex-wife world's 3rd richest woman

In a tweet announcing the divorce settlement, the latter revealed that Jeff would keep 75 percent of their Amazon stock and all of their ownership of The Washington Post and the Blue Origin Space company. 'In all our work together, MacKenzie's abilities have been on full display. We have discovered that Jeff's now ex-wife has walked awa...

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  • Hospitals add 13,600 jobs in March
Hospitals add 13,600 jobs in March

The declines were tempered by a 21,300 increase in jobs in professional and scientific services, while the accommodation and food sector added 16,900 jobs. Physicians' offices boosted their numbers by 7,000 jobs, up 126% over the prior month, and dentists' offices added 5,100 jobs, up 96%. On a year-over-year basis, the province has gained about ...

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  • EU's Barnier: Strong justification needed for long Brexit Delay
EU's Barnier: Strong justification needed for long Brexit Delay

Barnier reiterated that the European Union was reluctant to renegotiate the withdrawal arrangement but said he'd consent to open the governmental declaration connected to the text that was legal. "I'm very happy to meet the prime minister", Corbyn said in response to May's offer. The motion begins: "Conduct of the Prime Minister and certain C...

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  • Hammond 'optimistic' on reaching Brexit agreement with Labour
Hammond 'optimistic' on reaching Brexit agreement with Labour

Her decision to open talks with Labour infuriated Brexit supporters in May's Conservative party and divided her cabinet. "We have no choice but to reach out across the House of Commons", the prime minister said. It is essential we deliver what people voted for and to do that we need to get a deal over the line. Jeremy Corbyn has been urged to s...

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  • Trump says Herman Cain 'the man' for Fed board
Trump says Herman Cain 'the man' for Fed board

A candidate for the Republican Party's nomination in the 2012 presidential elections , he suspended his campaign following allegations of sexual misconduct, which he denied. Over the course of his presidency, Trump has sharply criticized Powell for raising interest rates to curb inflation, blaming the chair for hurting economic growth and suggesti...

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  • United Kingdom formally requests second Brexit extension to June 30
United Kingdom formally requests second Brexit extension to June 30

May said in her letter that Britain is reluctantly ready to begin preparations for the European elections if no Brexit deal is reached in the interim. Even on the European Union side, there are increasing concerns about whether granting an extension would be harmful to the EU. Meanwhile, Brexit is having an impact on domestic politics.

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  • Trump visits border wall On Air
Trump visits border wall On Air

Later in the day, Trump attended a roundtable with law enforcement on the border in Calexico, part of California's El Centro border sector, then toured a 30-foot tall, 2.25 mile-long steel-slat barrier that was finished last October. The Trump administration is arguing that the president's national emergency declaration for the goal of building...

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  • RBI rate cut: A stimulus for the economy
RBI rate cut: A stimulus for the economy

The rate cut decision by the monetary policy committee ( MPC ), coming days ahead of the first round of polling for the Lok Sabha elections, will be welcomed by the Modi government. "The onus is now on the banks to concurrently reduce home loan rates further, thereby encouraging more fence-sitters to take purchase decisions and giving another b...

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  • SC verdict on RBI circular credit negative for Indian banks: Moody's
SC verdict on RBI circular credit negative for Indian banks: Moody's

The Supreme Court said the RBI's circular from February 12 a year ago on how banks should handle defaulters was "ultra vires", essentially meaning the central bank acted beyond its powers. In the best interest of customers, banks will take a call on referring cases to National Company Law Tribunal (NCLT ) on case by case basis, a top public sector...

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  • Nissan's Ghosn arrested again in financial misconduct case
Nissan's Ghosn arrested again in financial misconduct case

That came after news that Renault , which Ghosn also once headed, had handed French prosecutors documents showing the auto tycoon had authorised suspicious transfers worth millions of euros. The Yomiuri ShimbunTokyo prosecutors rearrested former Nissan Motor Co . "I am confident that if tried fairly, I will be vindicated", Ghosn wrote.

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  • Saudi Aramco makes more than Apple, Samsung and Google combined
Saudi Aramco makes more than Apple, Samsung and Google combined

Downstream refers to the refining and petchems side of the energy value chain, in which the Gulf state oil companies are increasing investment as they look to diversify their business into more product lines. Moody's said Aramco's average daily crude oil production previous year was 10.3 million barrels, around 1.7 million barrels below its maximum...

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  • $100 Million Bitcoin Order Bursts Cryptocurrency Market
$100 Million Bitcoin Order Bursts Cryptocurrency Market

Just 30 minutes into Asian trading after that trigger, the price of BTC increased its value to over $5,000, seeing it to trade at that level for the first time since November, 2018. According to Hayter, as the Bitcoin price started to climb, 6 million trades occurred in a single hour, three to four times more than the usual amount, with most orde...

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  • Amazon's Jeff Bezos and wife MacKenzie finalize divorce, division of assets
Amazon's Jeff Bezos and wife MacKenzie finalize divorce, division of assets

In addition, MacKenzie is granting Jeff her full interest in the Washington Post , which Jeff Bezos bought in 2013 , and space-aeronautics company Blue Origin, according to a tweet she posted Thursday. The divorce settlement is likely to remove uncertainty over the extent of Jeff Bezos' continued control over a company he founded in 1994 and fo...

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  • National Burrito Day: Deals from Chipotle and more
National Burrito Day: Deals from Chipotle and more

There's also a special burrito you can order in honor of the holiday, from a partnership between Chipotle and YouTuber David Dobrik . The Dobrik Burrito features a soft flour tortilla rolled up with brown rice, black beans, chicken, mild salsa, two scoops of corn salsa, a sprinkle of cheese and a side of guac for dipping.

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  • Tesla CEO Elon Musk drops Harambe rap song
Tesla CEO Elon Musk drops Harambe rap song

This man is a total wildcard and has surprised us many times before like he did with his flamethrower. "Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted", Tesla said in its deliveries statement.

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  • China manufacturing index turns positive
China manufacturing index turns positive

The closely watched "tankan" survey by the Bank of Japan, released on Monday, had shown worsening business confidence among the country's big manufacturers in the first quarter. Echoing the official number, the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI), a private business survey whose results was released on Monday, grew the fast...

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  • Saudi ‘shock therapy’ sends global crude prices to 5-month highs
Saudi ‘shock therapy’ sends global crude prices to 5-month highs

US crude was up 43 cents at $62.02, rising above $62 for the first time since early November. "Today's multi-month highs in WTI and Brent are keeping this bull move alive as prices are beginning to advance more than we had expected", said Jim Ritterbusch, president of Ritterbusch and Associates.

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  • Border closure panic setting in - Sec. Nielsen called home from European meetings
Border closure panic setting in - Sec. Nielsen called home from European meetings

The meals and minds of millennials are on the line as reports claim a possible avocado shortage - or worse - may strike the USA as Trump threatens to cut trade with Mexico . He was not specific, but Homeland Security Secretary Kirstjen Nielsen has asked Congress to give border officials the power to forcibly repatriate Central American illegal i...

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  • Whole Foods Market slashing prices on 'hundreds' of items this week
Whole Foods Market slashing prices on 'hundreds' of items this week

In addition, Prime members will receive an additional 10% off hundreds of sale items throughout the store. But Amazon's approach to pricing has been more novel. "Over the a year ago, we've been working together tirelessly to pass on savings to customers", said Jeff Wilke, CEO of Amazon Worldwide Consumer. "Every time a customer walks into a ...

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