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China will cut tariffs on most imported cars to 15 percent from July 1, the finance ministry said on Tuesday following a thaw in trade tensions with the United States.

Oregon marijuana farmers turn to growing hemp to fight oversupply

The glut of marijuana in Oregon is driving pot prices to rock-bottom levels, prompting some growers to start looking at another cannabis plant, hemp, to make ends meet.

Syrian Kurd traders suffer from twin tax systems

Many Kurds in Syria may dream of self-rule, but for business owners in the semi-autonomous region in the country's north, it now comes with a painful pinch: double taxes.

Transworld announces digital transformation shipping project

The Transworld Group of companies has announced its latest progress in relation to its digital transformation of its shipping activities. The group will leverage technology enabled solutions and customer connect e-platforms.

OOCL partners Microsoft on AI

Microsoft Research Asia (MSRA) and Hong Kong-based Orient Overseas Container Line (OOCL) are to work together on applying artificial intelligence research to the shipping industry.

Japan-US trade surplus edges up in April

Japan's politically sensitive trade surplus with the US edged up in April, government data showed Monday, after Tokyo warned it may take retaliatory measures against US tariffs.Japan logged a surplus in April of 615.7 billion yen ($5.

Craft cannabis growers ignored in rush to legalize pot in Canada

The craft cannabis industry in British Columbia is very concerned over the federal government's lack of progress in creating a promised "micro-cultivation" license for those in their industry and they are demanding action.

Leader of Uber's flying car effort has stepped down

Jeff Holden, Uber's chief product officer — and the leader of the company's flying car effort, Elevate — has stepped down.

US, China agree to abandon trade war: Beijing

Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

EU and Greece reach agreement on latest bailout review

Greece's creditors have agreed a programme of reforms as the country's third and final bailout comes to an end, the European Commission said Saturday.

Tesla may need to come up with $10.5 billion by 2020

Elon Musk may need to tap capital markets for more than $10 billion by 2020 to fund Tesla Inc.’s automaking operations, new products, and an expected expansion into China, according to Goldman Sachs Group.

Construction firm PCL builds its digital strategy

The construction sector has been one of the most forward thinking in terms of digital transformation, especially relating to supply chain and with the use of drones. One lead example is with Canadian company PCL.

Digital transformation is not a solo journey

Companies undertaking digital transformation should stop seeing it as solo project and start to collaborate with business-to-business partners, according to IBM’s Paul Murphy.

With Aurora Cannabis acquisitions — bigger may not be better

Aurora Cannabis has been on a buying spree. With its recent acquisition of MedReleaf, Aurora is now the largest marijuana company in the world. But its rapid growth and non-stop acquisitions are raising red flags for investors.

Trump dampens chances of trade deal with China

US and Chinese officials face a new round of tough trade talks on Friday as President Donald Trump discounted chances of a deal, but Beijing extended a potential olive branch.

Peso crisis highlights fragility of Argentina's economy

Argentina appears to have resolved, at least in the short term, the crisis over the peso and its depreciation by taking drastic action -- but analysts warn the policy is untenable over time.

Zuckerberg to answer European MPs' questions behind closed doors

Facebook founder and CEO Mark Zuckerberg has agreed to answer the questions of European parliamentarians about the impact Facebook has on the privacy of European citizens.

Silicon Valley Bank sets up shop in Canada to support tech scene

With Canada's tech scene heating up, it is no wonder that one of Silicon Valley’s oldest financial institutions wants a piece of the action.

Ocado and Kroger in retail technology deal

British online grocer Ocado has struck a collaborative technology deal with the U.S. retail giant Kroger. The news led to share price rise for both companies.

Mexico says NAFTA deal still possible in coming weeks

Mexico said Thursday there is no "do-or-die date" to conclude an updated trade deal with the United States and Canada, insisting a new agreement is possible from the end of May.

Global economy to grow faster than expected in 2018-19,at 3.2 percent: UN

The global economy is set to expand faster than expected in 2018 and 2019, the United Nations said Thursday, predicting a new a growth rate of 3.2 percent.

Peso crisis is over, says Argentina's Macri

Argentine President Mauricio Macri said a crisis that saw the country's currency plummet in recent weeks had ended, adding that reducing the budget deficit was a priority for his administration.

Wall Street heads south as Trump bashes China and oil prices flare

Newly inflamed trade war fears and disappointing earnings sent US stocks lower on Thursday, running counter to gains made in European equities.

New program for female angel investors launched

A new venture has been formed as an accelerator program for women corporate and technology executives. The aim is boost the number of women performing deal-making venture capital gains.

Amazon has started rejecting cities' proposals for its HQ2

Arlington, Texas, says that as of two weeks ago, it was out of the running to host Amazon's second headquarters, known as HQ2. Arlington, about 20 miles from Dallas, had submitted a proposal as part of Dallas' pitch to Amazon.

Heir to the Jim Beam bourbon fortune enters cannabis industry

Ben Kovler is the great-grandson of Harry Blum, who invested in Jim Beam after the end of Prohibition. And like his great-grandfather, Kovler is taking a chance on a product that is illegal and investing in Canada's soon to be legal pot industry.

Canada ready to indemnify Trans Mountain pipeline losses: Morneau

Canada pledged Wednesday to compensate the builder of a controversial oil pipeline in British Columbia for any losses that may result from political delays.

Philippines lifts ban for Kuwait-bound workers

The Philippines on Wednesday lifted its ban on migrant workers heading to jobs in Kuwait, capping a diplomatic row sparked when a murdered Filipina maid was found in her employer's freezer.

Turkey bank vows 'necessary steps' after lira crashes to new lows

Turkey's central bank on Wednesday vowed to take "necessary steps" to stabilise the embattled lira after it hit historic lows as investors took fright at comments by President Recep Tayyip Erdogan that he wanted a bigger say in monetary policy.

Argentina braces for investor flight amid bid to save peso

Argentina appeared Tuesday to have halted the slide in the peso after the Central Bank introduced desperate measures to prop up the currency and staunch the flight of capital.The peso had clawed back 0.

Struggling Toshiba returns to black, avoids delisting

Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.

Tesla reorganizing to speed up production

Tesla chief Elon Musk told employees Monday the electric carmaker is being reorganized to speed up production of Model 3 vehicles -- a key to profitability at the fast-growing firm.

Argentine peso takes fresh hit amid uncertainty

Argentina's peso plummeted to a new low Monday despite government attempts to curb losses in recent weeks by hiking interest rates and shedding billions in foreign reserves.

Aurora Cannabis to acquire MedReleaf in $3.2 billion deal

In the largest acquisition to date in the Canadian marijuana industry, Aurora Cannabis will acquire MedReleaf Corp. for C$3.2 billion ($2.51 billion) in an all-stock transaction.

Argentina peso drops over 6 percent

Argentina's peso plummeted by more than 6 percent on Monday, sparking new inflation fears for Latin America's third-largest economy.The currency fell 6.6 percent to trade at 25.20 against the dollar as markets opened.

Changing role of news in the digital age

A new survey from the European Union provides an insight into the key trends surrounding the digital transformation of news markets.

Strengthening Bluetooth for Industrial IoT

The Industrial Internet of Things continues to expand. However, progress can be hampered by data transmission and connectivity. A new device, from u-blox, aims to improve Bluetooth connectivity.

VW 'contests' report boss knew of diesel cheating risk

German carmaker Volkswagen rejected Sunday a report that chief executive Herbert Diess knew of the financial risks from the firm's massive diesel cheating earlier than he has so far acknowledged.

Goldman and Apple team up to offer a new credit card

Goldman Sachs and Apple are two iconic brands all by themselves. Apple has a devoted customer base with many wealthy, well-traveled young adults. Goldman Sachs is a financial leader with few offerings for everyday consumers. Now they are joining forces.

Supplier fire forces suspension of Ford F-150 production

After a May 2 fire at a supplier's factory in Michigan caused a shortage of parts, Ford on Wednesday suspended production of its F-150 pickup truck—the best-selling vehicle in the US for more than three decades.

Advertising's digital transformation journey

The shift from print to online by many advertisers has been well-recognized. What's happening now is that advertising is becoming more sophisticated, making use of automation and algorithms.
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