Monthly Archive: April 2018

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Oil spill fire chokes Indonesian port city; 4 dead

JAKARTA, Indonesia — Waters off an Indonesian port city reek like a gas station after an oil spill and fire that killed four people over the weekend, an official said Wednesday. Balikpapan city secretary Sayid Fadli said that the city on the island of Borneo was in its third day of a state of emergency […]

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China raises tariffs on $50B of US soybeans, other goods

BEIJING — China has raised tariffs on $50 billion of U.S. goods including soybeans, aircraft and automobiles in response to Washington’s increased duties on Chinese goods in a technology dispute. The Commerce Ministry on Wednesday criticized the U.S. move as a violation of global trade rules and said China was acting to protect its “legitimate […]

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Trump’s anti-Amazon Twitter rant ‘raises the stakes’ for HQ2 selection

The quick-to-Tweet American president’s recent flurry of posts attacking Amazon.com raises the political stakes in the tech titan’s consideration of Toronto, the only non-American city shortlisted, for its second headquarters. It’s unlikely Donald Trump’s social media missives will sway the decision either in Toronto’s favour or that of any of its 19 U.S. city competitors, […]

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Asian shares mixed as markets mull US tariffs list for China

HONG KONG — Asian stock markets were mixed Wednesday as investors pondered the latest barrage of tariff measures and threats between the U.S. and China. KEEPING SCORE: Japan’s benchmark Nikkei 225 crept 0.1 per cent higher to 21,319.55 but South Korea’s Kospi slid 1.4 per cent to 2,408.06 as the won weakened from its 3 […]

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What’s wrong with very low unemployment? Hawaii knows

HONOLULU — Are there downsides to a low unemployment rate? In Hawaii, which has the United States’ lowest jobless rate at a minuscule 2.1 per cent, the answer is yes. Employers are frustrated by their inability to find workers. And unfilled jobs may be slowing the state’s economic growth. A low unemployment rate is certainly […]

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New Zealand recalls 50,000 cars with faulty Takata air bags

WELLINGTON, New Zealand — New Zealand has issued a compulsory recall for 50,000 cars with faulty Takata air bags after saying a voluntary recall wasn’t making enough progress. The move on Wednesday comes after Australia issued a compulsory recall for 2.7 million cars with defective air bags in February. The air bags have been blamed […]