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Australia and the United Kingdom are set to announce a post-Brexit trade deal

Australia and the United Kingdom are set to announce a free trade agreement Tuesday as Britain continues to forge new economic relationships post-Brexit. Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson will detail the plan during London morning hours at 10 Downing Street, a Morrison spokesperson told CNN Business. “Their agreement is

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Retailers plead with Biden to fix port congestion that has upended supply chains

The National Retail Federation is calling on the White House to address the logjam at US ports that is snarling commerce as the economy swiftly recovers from the pandemic. “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers,” Matthew Shay, the NRF’s president and

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Major US mall owner files for bankruptcy

Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The Columbus, Ohio-based company filed for Chapter 11 late Sunday, saying Covid-19 “created significant challenges” and that the move is “necessary.” Washington Prime secured $100 million in new funding to support its day-to-day

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Exclusive: Companies face a financial risk from the climate crisis. States want them to reveal just how much

Corporate America must be compelled to fess up about the financial risks posed by the climate crisis, a coalition of state attorneys general told the Securities and Exchange Commission on Monday. In a comment letter obtained exclusively by CNN Business, California and nearly a dozen other states warn that the SEC’s current disclosure rules are

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This cannabis stock is a new Reddit favorite

Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd. As backers tout the growing number of states legalizing recreational and medical marijuana, some investors are holding out for the dream scenario of federal legalization —

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Federal safety regulators investigating AmazonBasics products highlighted in CNN report

The federal agency responsible for overseeing consumer product safety is investigating Amazon-branded electronic products highlighted in a CNN investigation last year, according to records and interviews. CNN reported last year that dozens of AmazonBasics electronics remained for sale on Amazon.com, despite customers reporting the products had melted, exploded or burst into flames. Lawmakers immediately called

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