Tuesday, 31 Mar 2020

Business

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For Big Tobacco and Brewers, Grass Is Greener

Proponents of legal marijuana spent decades fighting a slow battle for mainstream acceptance. Now, with recreational use legal in Canada and many states in the United States, big business is suddenly swooping in. Altria, the maker of Marlboro and other cigarettes, last week paid $1.8 billion for almost half of Cronos Group, a cannabis company […]

U.S. consumer prices flat; underlying inflation firm

WASHINGTON (Reuters) – U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. The strength in underlying inflation reported by the Labor Department on Wednesday supports views that the Federal Reserve will raise interest rates […]

Stocks cheered by Trump trade talk; sterling claws off lows

LONDON (Reuters) – Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership. In an interview with Reuters, Trump said talks were taking place with Beijing by […]

Wall Street opens sharply higher on trade optimism

(Reuters) – U.S. stocks jumped at open on Wednesday as the Wall Street Journal report about China’s plans to increase access for foreign firms added to earlier optimism on trade from Trump’s upbeat comments. The Dow Jones Industrial Average .DJI rose 138.85 points, or 0.57 percent, at the open to 24,509.09. The S&P 500 .SPX […]

SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

TOKYO (Reuters) – SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar with the matter. The Japanese company could make about $3 billion in profit from the transaction, the report said. Source: Read Full Article

Christmas risk from thousands of fake iPhones and designer bags on sale

Shoppers are at risk of buying thousands of fake iPhones and Louis Vuitton handbags this Christmas, the Home Office has warned. Border Force, which carries out immigration and customs controls for people and goods entering the UK, said counterfeit products have potential health and safety risks, as they have not been subject to the vital […]

Two lawmakers want GM to commit to producing all U.S. EVs domestically

WASHINGTON (Reuters) – Two U.S. senators from Ohio on Tuesday asked General Motors (GM.N) chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America. The letter from Republican Senator Rob Portman and […]

Galaxy S9 is now free as incredible Samsung offer launches online

The Samsung Galaxy S9 is one of the most coveted handsets of the year, the biggest rival to Apple’s iPhone and overshadowed only by Samsung’s Note 9. But for that reason, it also usually comes at a hefty price tag, currently on sale for £699 on the Samsung website (a small discount on the original […]

INM to ask inspectors to examine fresh data interrogation claims

The chief executive of Independent News & Media (INM) has said the company will ask High Court inspectors to examine allegations that the hard drives and emails of editors and other senior staff were searched without their permission. Michael Doorly told a meeting of staff at the media group’s Dublin headquarters that he was “deeply […]