Markets
Theresa May slams 'UNJUSTIFIED' Trump tariffs as TRADE WAR with European Union looms
US President Donald Trump will be leaving early from the summit with the leaders of the G7 countries after an unfruitful debate on trade tariffs. "If they retaliate, they're making a mistake", he warned, insisting that the United States has much less to lose than its partners in the event of world trade breaking down. [Full Article...]
Coinbase to Become First Broker-Dealer to Offer SEC-Regulated Crypto Securities
Coinbase, one of the leading cryptocurrency and bitcoin businesses, is acquiring a securities dealer that the company hopes will allow it to expand into the red-hot coin-offerings market. A regulatory approval is needed for Coinbase to operate under the Keystone licenses, the Wall Street Journal explained, adding that "Coinbase is essentially buying Keystone for its licenses". [Full Article...]
Donald Trump says Russian Federation should be be allowed to rejoin G7
He has also refused to condemn the Russian strongman over the Kremlin's interference in the US presidential election, at one point suggesting he trusts Putin's denials of wrongdoing over the findings of his own intelligence agencies. He's also threatened to tear up the NAFTA agreement with Canada and Mexico . Morneau said he is engaged in intense talks with his US counterparts in the hopes ... [Full Article...]
Lottery tickets sold in Victoria and Ladysmith worth $500K
Other million-dollar tickets were purchased in the London area, Mississauga, Ottawa, Toronto (two), the Pembroke area and Whitby. The winning numbers are 12, 25, 27, 29, 34, 44, 45 with bonus 7. Also last week, Shelley Palko of Hanmer picket up her $1 million Maxmillion prize from the May 11 Lotto Max draw. Friday's Lotto Max had a big prize of $60 million and the ticket for that was sold in Q... [Full Article...]
Verizon names Ericsson veteran Hans Vestberg as CEO
Before joining Verizon , he worked at the networking and telecommunications company Ericsson , where he served six years as chief executive and president and also was chief financial officer. Lars Soderfjell, a portfolio manager at Finnish bank Alandsbanken, which owns Ericsson shares, said Vestberg pushed to expand the company's services unit, which included managing networks for mobile opera... [Full Article...]
Buffett, Dimon say quarterly profit forecasts harming economy
Dimon , who leads the Business Roundtable , an association of chief executive officers of leading USA companies said the move is supported by the group, added the report. "Reducing or even eliminating quarterly earnings guidance won't, by itself, eliminate all short-term performance pressures that USA public companies now face, but it would be a step in the right direction", Dimon and Buffett... [Full Article...]
ZTE Escapes US Ban, Will Pay New $1 Billion Fine
The agreement also forces ZTE to replace its board of directors and executive team and installs a USA -chosen compliance team. Still, the resolution of the ZTE case may clear the way for the U.S. The deal includes a $1 billion penalty against ZTE and a US-chosen compliance department to be embedded into the company. US Commerce Secretary Wilbur Ross , who announced the deal, reiterated a deni... [Full Article...]
Canadian breakthrough on scrubbing CO2 from the air | Carbon & Sustainability
The CO2 could be pumped into reserves underground, but Carbon Engineering wants to convert the CO2 into fuel. "The carbon dioxide generated via direct air capture can be combined with sequestration for carbon removal, or it can enable the production of carbon-neutral hydrocarbons, which is a way to take low-priced carbon-free power sources like solar or wind and channel them into fuels that can ... [Full Article...]