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Top News: Business

Op-Ed: Looks like Adani's Carmichael Mine will become a 'white elephant'

In the latest report from the Institute for Energy Economics and Financial Analysis (IEEFA), Adani Mining's Carmichael coal mine looks more and more likely to end up being a "white elephant" due to its shaky financial situation.

Polish workers unfazed by French campaign fury over outsourcing

Lodz - Workers at a Whirlpool factory in Poland shrug off blame for job losses at the company's plant in fellow EU member France, as presidential rivals there trade barbs over the hot-button issue of outsourcing.

Britain steps up fight against dirty London property

London - Britain took a significant step towards exposing dirty money in the London property market this week, passing a law allowing the seizure of homes from foreigners who cannot explain how they paid for them.

Mexico economy survives Trump's first 100 days

Mexico - The Mexican economy has fared better than expected under the uncertainty caused by US President Donald Trump's first 100 days in office, with GDP up 0.6 percent in the first quarter.

Op-Ed: U.S. first quarter of 2017 GDP expansion very weak

The U.S. economy slowed to its lowest growth rate in three years. Consumer spending was at a very low growth pace with lower auto sales which offset a rise in oil drilling and housing investment.

3,000 wells shut down in Colorado after fatal house explosion

Firestone - Woodlands, Texas-based Anadarko Petroleum Corporation announced on Wednesday it was shutting down more than 3,000 of its older, vertical wells in Northeastern Colorado following a home explosion and fire on April 17 that killed two people.

VW to launch production of electric utility vehicle in Poland

Varsovia - German carmaker Volkswagen will manufacture its new e-Crafter electric utility vehicles at a factory in neighbouring Poland, a spokesman for the group said Thursday.

Trump says to renegotiate NAFTA, no exit for now

Washington - President Donald Trump stopped short Wednesday of pulling out of NAFTA despite earlier threats to exit the trade deal, saying he will renegotiate the agreement with Canada and Mexico.

Trump proposes major tax cuts, 15% corporate rate

Washington - The Trump administration has unveiled plans to dramatically cut taxes for US businesses and individuals, slashing the corporate rate to 15 percent, but the once-in-a-generation overhaul is headed for a tough fight in Congress.

Op-Ed: US stock markets moving up again after French election

Stock market indices in the US and Canada rose for the second day in a row as French election results in the first round showed that Emmanuel Macron was likely to win over his far-right rival Marine Le Pen.

Cuban sugar burns to recapture sweet smell of success

Empresa - A sweet smell of treacle used to fill the air in the village of Pedro Betancourt -- but like the workers from the derelict Cuba Libre sugar refinery, it has dispersed.

Review: 'Taste of Hellas' event amazing at Hermes Expo in New York City Special

On April 24, the 2017 Hermes Expo International took place at its kick-off event at the Russian Tea Room in New York City.

Coal-fired power plant closures in 2017 will reduce coal demand

In a report issued Friday by the Institute for Energy Economics & Financial Analysis, 46 coal-burning units at 25 power plants across 16 states will close or greatly reduce production by 2018, resulting in a 30 million-ton decrease in demand for coal.

Campbell Soup recalls over 4,000 pounds of mislabeled soup

Campbell Soup has issued a recall of one of their soup products due to mislabeling. They are recalling nearly 4,185 pounds of soup.

Almost 10,000 retail stores expected to close in 2017

Retail stores across the U.S. are closing their doors at a record-breaking rate this year - victims of decades of overbuilding and a rise in online shopping.

Trump stock rally begins to fade as investor doubts gain ground

The stock market did well after Trump won the presidency even after his inauguration He had promised business friendly policies, such as deregulation, a huge infrastructure spending program and reduced taxation.

Op-Ed: Trudeau responds to Trump's attack on Canada's dairy system

Trudeau defended Canada's dairy supply management system noting that every nation including the US defends its agricultural industries as much as it can.

US judge orders VW to pay $2.8 bln criminal penalty

Chicago - A US judge on Friday sentenced Volkswagen to pay a $2.8 billion criminal penalty in the diesel emissions cheating scandal, in line with a deal struck between the automaker and the US government.

Two brothers just sold their company to Oracle for $850 million

New York is still abuzz that an ad-tech company called Moat sold itself to Oracle. Terms of the deal were undisclosed but an unnamed source told Recode's Peter Kafka that Oracle would pay upwards of $850 million for Moat.
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