Breakthrough: UK and EU reach post-Brexit trade agreement
Britain and the European Union have struck a provisional free-trade agreement that should avert New Year’s chaos for cross-border commerce.
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Britain and the European Union have struck a provisional free-trade agreement that should avert New Year’s chaos for cross-border commerce.
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December has always been one of Hollywood’s blockbuster months. Hit films like The Lord of the Rings trilogy, “Avatar” and Disney’s Star Wars films have all brought in big box office numbers during the holiday season. This year will continue the trend with two of the year’s most anticipated films going toe to toe over
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The Biden era is off to a roaring start on Wall Street, even surpassing the euphoria following President Donald Trump’s upset victory in 2016. The S&P 500 has surged 10% since Election Day to all-time highs. That nearly doubles the 5.5% rally during the same post-election period in 2016. The Nasdaq, lifted by high-flying tech
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China has launched an antitrust investigation into Alibaba as it steps up scrutiny of the country’s rapidly growing internet firms. The State Administration for Market Regulation, China’s top market regulator, said Thursday that it would probe alleged monopolistic behavior by Alibaba, Jack Ma’s online shopping and cloud computing giant. It gave few details but said
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A historic amount of packages and rising employee Covid-19 rates are causing significant backlogs at US Postal Service processing facilities before Christmas. All the shopping and shipping Americans have done in the last few weeks has inundated the system with what the USPS says is a “historic volume” of mail and packages. “The packages are
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Visa said Wednesday it will allow customers to make payments on some adult websites owned by Pornhub’s parent company, MindGeek. The allowed websites, Visa says, only host professionally produced adult studio content rather than user-generated content, which it currently bans. “Following a thorough review, Visa will reinstate acceptance privileges for MindGeek sites that offer professionally
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Police are asking people to be aware of package theft with an increase in online shopping this year.
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Nikola Motor Company’s plans to mass produce garbage trucks for Republic Services, one of the nation’s largest waste management service providers, were canceled Wednesday morning, the latest in a string of bad news for the electric truck and hydrogen cell maker. In August, the company had announced plans to produce as many as 5,000 trucks
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The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for orchestrating securities fraud worth $1.3 billion, the agency said Tuesday. The SEC said Ripple illegally marketed XRP, the world’s third-largest cryptocurrency, to retail customers. According to the complaint, Ripple’s chairman, co-founder and former CEO Christian Larsen,
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Claims for unemployment benefits fell across most categories in Wednesday’s Labor Department report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet. Another 803,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis. That was a drop off from the week
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As a tech reporter, I’ve probably spent too much time with devices over the years, but I always tried to put in place some boundaries: no phone at the dinner table, no checking work Slacks after a certain hour and limiting screen time for my kids. But this year, to quote a beloved New Yorker
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Germany’s Lufthansa operated a special cargo flight to airlift fruit and vegetables to England on Wednesday as shortages of food and other vital supplies loom because of continuing chaos at the UK-French border. A Lufthansa spokesperson told CNN Business that the Boeing 777 freighter was carrying 80 tons of perishable goods from Frankfurt to Doncaster-Sheffield
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The year 2020, to put it mildly, was a challenging one for Corporate America. Still, some high-profile companies — and their leaders — thrived during these difficult times. Salesforce in particular had a truly standout year. Salesforce was added to the venerable Dow Jones Industrial Average in August. In December the cloud computing company announced
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Fast-food chain KFC has launched a new Intel-powered games console that comes with a built-in “chicken chamber” to keep your snacks warm. The KFConsole is part of a partnership with hardware manufacturer Cooler Master, KFC said in a statement on Tuesday. “The Bargain Bucket-shaped machine features the world’s first built in chicken chamber, which is
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Some of us are winding down for a period of holiday rest after a tumultuous year. But those who work in finance may not get much respite. Blame the last-gasp uncertainty about the US stimulus package, Brexit talks going down to the wire and a huge pipeline of deals that will keep bankers busy. The
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America has gone from having the strongest job market in decades to the very opposite during the pandemic. For older workers who have lost their jobs this year, the state of the labor market makes it harder to get rehired as the economy recovers, forcing many Americans to retire early. The US economy shed more
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The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said. “Rosemary Vrablic and Dominic Scalzi have tendered their resignations to Deutsche Bank effective as of year-end, which was accepted by the bank,” Daniel Hunter, a spokesman for the bank said in a statement. Vrablic
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Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company “during the darkest days of the Model 3 program,” but that Apple CEO Tim Cook “refused to take the meeting.” Apple did not immediately respond to a request for comment Musk made the claim in response to a post
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The Department of Justice is alleging that Walmart broke the law and contributed to the prescription opioid crisis by filling thousands of invalid prescriptions and failing to report suspicious orders of opioids, according to the department’s statement. The Justice Department said the civil penalties it is seeking could total billions of dollars and injunctive relief.
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Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company “during the darkest days of the Model 3 program,” but that Apple CEO Tim Cook “refused to take the meeting.” Apple did not immediately respond to a request for comment Musk made the claim in response to a post
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