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  • Maximum International Shipping

    1081 meyerside drive mississauga
    With MIS we ship to the world!...Whether you are moving across an ocean, you need a company you can trust…
    14
  • Realtor-Royal Lepage (Your Community)

    8854 YONGE STREET, RICHMOND HILL, ONT L4C 0T4
    I help homeowners professionally market and sell their homes. My quality of services are designed to help first time buyers…
    133
  • Vamino Soy Drink

    33 Mantello Dr North York Ontario M5A1W6
    A MEAL ON ITS OWN!.. STAY HEALTHY Natural Source of * Protein * Calcium * Potassium and * Multivitamins Ditch…
    207
  • JB Auto Repair Services

    306 Eddystone Ave North York
    Nothing but the best, JB Auto services provide exceptional services to it customers. Being one of the best mechanic shop…
    387
  • JOMACS|GTA’S BEST WHEELCHAIR ACCESSIBLE TRANSIT

    930 Queen's plate drive, Toronto Ont. M9w 6z5
    JOMACS | GTA'S BEST WHEELCHAIR ACCESSIBLE TRANSIT WHO WE ARE Our flexible door-to-door accessible transportation service is designed to cater…
    564
  • Golden Flooring Canada

    51 Parkwoods Village Dr
    About Us Golden Flooring has expanded from a very simple process to one of the largest hardwood flooring companies in…
    348
  • Toothsome Delight

    2428 Islington ave
    Who we are tasty sweet,delicious deserts, spicy,toothsome,delight Whether your taste buds crave something sweet and angelic or spicy and deliciously…
    363
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  • Beretta Farms – Ground Beef Canada

    80 Galaxy blvd,Unit-5 Etobicoke,Ontario,M9W4Y8 #Canada
    When we think about food, simply feeding people isn’t enough. At Beretta, we believe in sharing what matters with the…
    9
  • Langevin Morris Smith LLP

    190 O’Connor St.,9th. floor
    The Ottawa injury lawyers at Langevin Morris Smith are dedicated to helping people and their families who have suffered an…
    7
  • Maximum International Shipping

    1081 meyerside drive mississauga
    With MIS we ship to the world!...Whether you are moving across an ocean, you need a company you can trust…
    14
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General Business News

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Our Latest Business News

Alibaba gobbles up stake in China's Walmart

Alibaba's appetite for grocery stores shows no signs of letting up. The Chinese e-commerce giant said it would pay $2.9 billion for a 36% stake in Sun Art Retail Group (SURRY), widely considered China's answer to Walmart (WMT). Sun Art Retail runs nearly 450 hypermarkets across China under its Auchan and RT-Mart brands. The investment is being made via Alibaba (BABA, Tech30)'s popular online shopping platform Taobao. Alibaba has been bolstering its presence in traditional retail over the past couple of years. Its Hema groceries brand combines elements of online and offline shopping. The strategy is part of the company's efforts to capture a big ...

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Bratislava is one of 19 cities vying for the European Medicines Agency

Cities fight to win key EU agencies from London

A decision on the future location of two key European agencies will be made on Monday through a complex voting process. London is losing the European Banking Authority (EBA) and the European Medicines Agency (EMA) because of the UK's decision to leave the European Union. Nineteen cities are bidding for the EMA, while eight want to host the EBA. More than 1,000 people work for the two agencies in London. Ministers from the 27 EU countries remaining in the bloc after the UK departs in 2019 will take part in the secret ballot. The cities bidding for the EMA are: Amsterdam, Athens, Barcelona, Bonn, ...

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Agrisoma Biosciences, of Gatineau, Que., will provide biofuel to Qantas Airways of Australia, in an effort to reduce carbon emissions. (Mike Hillman/CBC)

Quebec biofuel company partners with Qantas in effort to cut emissions

A Quebec biofuels company has signed its first deal to power an airline's jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia's Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. The partnership is the first of its kind in Australia and will see Agrisoma work with Australian farmers to grow Carinata. That will be complemented by seeds grown elsewhere to feed its global travel network. Biofuel mixture could cut jet particle emissions by more than half $185M biofuel agreement will ...

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Some investors might think this is the end but Carillion is too big to fail.

Warnings, downgrades weigh as European shares set for weekly fall

Disappointing earning updates and a series of broker downgrades weighed on European shares on Friday, leaving regional indexes on track for their second weekly fall in a row. Investors have been locking in profits, shrugging off continued strength in economic data as eurozone earnings growth slowed compared to the previous quarters and caution grew over whether a stock market rally could continue. On Friday, Elior (ELIOR.PA) slumped 12 percent after Europe’s third-largest catering group cut its profit guidance, citing the impact of Hurricane Irma. Shares in Fresenius SE (FREG.DE), Greene King (GNK.L), Just Eat (JE.L), United Utilities (UU.L) and H&M (HMb.ST) all fell ...

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London will remain Europe's financial capital - Bloomberg

Michael Bloomberg, the businessman and former New York mayor, said London will remain a global financial capital after Brexit. He told the BBC that the UK's departure from the EU would probably slow the capital's growth, but would not see it eclipsed by a European rival. London's benefits were its culture and the English language, Mr Bloomberg said. Recently he called Brexit the "single dumbest thing" a country has ever done. Mr Bloomberg, whose data terminals are used by many dealers and bankers, last week opened a new European headquarters in London between the Bank of England and St Paul's Cathedral. The 3.2 acre ...

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Credit Suisse to pay $135m to settle NY investigation

Credit Suisse has agreed to pay $135m (£103m) after New York regulators found its foreign exchange unit engaged in "unlawful, unsafe and unsound conduct". The probe found traders at the bank improperly co-ordinated with other banks and traded on confidential customer information. The agreement is the latest settlement to arise from a global investigation of foreign currency markets. Credit Suisse said it was pleased "to put this matter behind it". It did not admit or deny the findings of the investigation but pledged to overhaul its policies to improve oversight and submit progress reports to New York regulators for review. The New York Department of ...

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Ikea sees annual UK sales top £1.8bn

Swedish flatpack furniture retailer Ikea says it achieved total UK sales of £1.814bn in the UK for the financial year ending 31 August 2017. That was 5.8% more than in the previous year and was its sixth consecutive year of UK growth. Market share was up 0.5%, bringing the retailer one step closer to its ambition of increasing overall market share to 15% by 2027. The firm is celebrating its 30th anniversary in the UK this year. The company recently opened stories in Reading and Sheffield and plans to open two more stores in Exeter and Greenwich, south-east London, during the coming year. A new ...

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EgyptAir's Bombardier CSeries outline deal valued at $1.1 billion

EgyptAir’s letter of intent for 12 firm Bombardier CS300s jets announced on Tuesday is valued at $1.1 billion, according to a Bombardier statement. The value of the agreement would increase to nearly $2.2 billion if options to acquire a further 12 CS300s are exercised, the statement said. The deal was announced at the Dubai Airshow.

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SoftBank says considering investment in Uber but no final agreement reached

Japan’s SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may not make an investment,” it said in a statement. Uber said this week that a planned deal with SoftBank and Dragoneer Investment Group was moving forward. The investment could be worth up to $10 billion, two people familiar with the matter have said. SoftBank and Dragoneer are leading a consortium that plans to ...

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Ivory Coast to end cocoa farming in national parks and forests within 5 years

Ivory Coast plans to end illegal cocoa farming in national parks and protected forests within five years, the minister for water and forests, Alain Richard Donwahi said on Monday. The plan, aimed at stopping rampant deforestation, will target the 30-40 percent of Ivorian cocoa production that the National Parks office says is currently grown illegally in protected zones.   Source: af.reuters.com

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2018 Budget: Electricity tariff down by 13%

Residential and non-residential electricity consumers in the country will enjoy a 13% reduction in tariff beginning January next year, Finance minister Ken Ofori Atta announced in Parliament during the 2018 budget presentation Wednesday. Additionally, other composite charges in the tariff build-up of electricity have been reduced by the government. The reductions in electricity tariff as contained in the 2018 budget are; Residential – Up to 13%, Non Residential – 13%, Special Load Tariff- Low Voltage – 13% ,Special Load Tariff -Medium Voltage – 11%, Special Load Tariff -High Voltage – 14%, High Voltage Mines – 21%. The government will also aggressively pursue the ...

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Nigeria's Buhari presents 8.612 trillion naira 2018 budget to lawmakers

Nigeria’s President Muhammadu Buhari presented on Tuesday a 2018 budget of 8.612 trillion naira, the country’s biggest ever, to lawmakers. He said the budget was based on an exchange rate of 305 naira to the dollar and a projected oil output of 2.3 million barrels per day at an assumed price of $45.00 dollars per barrel. The president said he was targeting Jan. 1, 2018 for the passage of next year’s budget, adding that the deficit is expected to be 2.005 trillon naira and real economic growth is estimated to be 3.5 percent for 2018.   Source: af.reuters.com

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Kenya Airways completes $2 billion debt restructuring

Kenya Airways has finished restructuring $2 billion of debt, the carrier said on Wednesday, completing a key part of its turnaround plan after heavy losses. The airline’s top shareholder, the Kenyan government, and 11 local lenders converted the bulk of their debts into shares, helping to relieve cash flow pressure. “This has been a $2 billion restructuring,” Mbuvi Ngunze, the former Kenya Airways CEO who has been advising on the transaction since June, told Reuters. That figure includes full commitments to financiers and operating aircraft leasing companies, which are not normally reflected in the balance sheet, he said. As part of its assistance to ...

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Japan's economy posts longest growth streak since 2001

Japan's economy has expanded for seven quarters in a row in the longest period of growth in more than a decade. Data showed gross domestic product (GDP) grew at an annualised rate of 1.4% between July and September. The solid quarterly result comes after more than four years of economic stimulus by Prime Minister Shinzo Abe. Exports and stronger global demand for Japanese products has driven the expansion which helped offset a dip in consumer spending at home. Martin Schulz, senior fellow at the Fujitsu Research Institute in Tokyo said the economy has been boosted by very strong export demand, growing at 6%. With the ...

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US leads world in oil and gas production, IEA says

International energy markets are set for "major upheaval" as the US cements its status as the world's largest oil and gas producer, while China overtakes it as the biggest oil consumer. The predictions come from the International Energy Agency's annual energy forecast. It believes that global energy demand will rise 30% by 2040, driven by higher consumption in India. At the same time, the renewable energy sources will become more important. The IEA, which tracks the energy for 29 countries, said the US - once reliant on imports - is becoming the "undisputed global oil and gas leader". It expects the US to account for ...

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HSBC to pay €300m to settle tax investigation

HSBC has agreed to pay €300m ($353m; £266m) to French authorities to settle a long-running investigation into tax evasion by French clients. The French financial prosecutor's office claimed HSBC's Swiss private banking unit helped clients evade tax. Europe's largest bank has acknowledged "control weaknesses" and said it had taken firm steps to address them. Payment of the fine will close the case against HSBC but two former directors could yet face legal action. More than €1.6bn of assets were involved in the scheme, according to a statement from the French financial prosecutor. The investigation started in 2014 after a former IT employee leaked ...

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Dubai hosts forum, commits to supporting Africa's growth

Africa has yet again been identified as a continent with enormous opportunities by African and global business leaders. The CEOs, and four heads of state, met from Wednesday at the two-day Global Business Forum on Africa in Dubai, which seeks to strengthen its position as the continent’s business gateway. Although Africa faces limitations in tackling basic obstacles to trade, and investment, Majid Saif Al Ghurair, the Dubai Chamber of Commerce and Industry chairman said, Dubai is committed to ensuring that several of these obstacles are addressed to allow business growth in Africa. “African young and fast growing population with its middle class offers ...

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Facebook ad revenue tops $10 billion

Facebook profits soared in the third quarter as it brought in more than $10bn from advertising. The firm said profits were $4.7bn (£3.5bn) in the three months to the end of September, up 80% year-on-year. Chief executive Mark Zuckerberg told investors the firm's investments in security would "impact" profitability. US lawmakers are examining the possible use of the platform for Russian propaganda activities during the 2016 US presidential election. "We're serious about preventing abuse on our platforms," Mr Zuckerberg said. "Protecting our community is more important than maximising our profits." Washington hearings Mr Zuckerberg last year said the idea that fake news on Facebook influenced the ...

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China made 10% of tourists visiting Africa in 2016

The massive influx of Chinese tourists to Africa has in the recent years made a buzz, and it is for all possible reasons. After seven consecutive years of annual double-digit growth in spending, China continues to lead global outbound travel, reaching US$ 261 billion of Chinese travelers’ expenditure in 2016, a 12% growth since 2012. Approximately 135 million Chinese outbound tourists travelled in 2016, out of which 10% were bound for Africa up from 3% in 2008. As at the end of Q1/2016, China’s economy stood at an approximate $11.3 trillion, the second largest in the world just after the US with about ...

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Ethiopia moves to 'arrest' smuggling of foreign currencies via main airport

Ethiopian revenue authorities have disclosed an increase in the incidence of foreign currency smuggling through its main airport, the Bole International Airport in Addis Ababa. Ethiopian Revenues and Customs Authority (ERCA) said it was putting in place measures to curtail the worrying trend. They added that the efforts at clamping down on currency smuggling had also yielded results in the area of minerals smuggling. A recent example cited by ERCA was when a Chinese national attempted to smuggle over $350,000 out of the country to Saudi Arabia via the airport. They also related how an Ethiopian – born U.S. national was detained for ...

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Shell completes $3.8bn sale of North Sea assets to Chrysaor

Shell has completed the $3.8bn sale of a package of North Sea assets to Chrysaor following the approval of regulators and stakeholders. The package includes Shell's interests in several fields - notably Buzzard, Beryl, Elgin-Franklin and Schiehallion. Shell is aiming to sell $30bn of assets by 2018 as it seeks to pay off debt following its takeover of BG Group. More than 250 staff have transferred to Chrysaor as part of the transaction, which was first announced in January. The deal represents about half of Shell's 2016 North Sea output. A Shell spokesman said the company "retains a significant, more focused and strengthened presence in ...

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Social media firms under scrutiny for 'Russian meddling’

Facebook, Twitter and Google lawyers defended themselves to US lawmakers probing whether Russia used social media to influence the 2016 election. The three firms faced hard questions at a Senate panel on crime and terrorism about why they missed political ads bought with Russian money. Lawmakers are eyeing new regulations for social media firms in the wake of Russia's alleged meddling in 2016. The firms said they would tighten advertising policies and guidelines. Senator Al Franken, a Democrat from Minnesota, asked Facebook - which absorbed much of the heat from lawmakers - why payment in Russian rubles did not tip off the firm ...

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