Markets
Jeremy Corbyn refuses to say Brexit will definitely happen
Labour Brexit spokesman Keir Starmer says the party will reject a deal along the lines May is proposing because it does not meet "six tests", including protecting workers' rights and retaining access to European markets. The chances of Britain holding a second referendum on Brexit just got higher. Labour leader Jeremy Corbyn has so far played a canny game by allowing the debate to tie the ... [Full Article...]
Canada Not Making 'Essential' Trade Concessions, According to Lighthizer
US Trade Representative Robert Lighthizer has noted that there remains "some distance" between the US and Canada, specifically on how to settle trade disputes in the future, and about US access to the Canadian dairy market. President Donald Trump has informed Congress he intends to sign a new deal, with or without Canada, by late November before Mexico's new president takes office. [Full Article...]
Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA
The US and Canada are basically out of time to iron out their differences in a trade agreement before the Sept 30 deadline to have a completed full text. "They (the United States and Mexico) made certain agreements". "That doesn't make any sense at all, so hopefully we'll end up with something with Canada". [Full Article...]
Michael Kors makes high-end fashion statement with $2.2 billion Versace buy
Michael Kors Holdings is adding Versace to its stable of brands and renaming itself Capri Holdings to better reflect its growing empire. By all accounts, Kors has successfully melded Jimmy Choo into its portfolio, putting up big sales in the most recent quarter. [Full Article...]
Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal
With time fast running out ahead of a USA -imposed deadline to conclude talks on the North American Free Trade Agreement, Canadian and American negotiators are making slow progress. -Mexican deal might form the basis of a three-nation pact. US business groups, alarmed by the potential disruption to the three increasingly integrated economies, have lobbied the White House to keep NAFTA as a trila... [Full Article...]
Israeli jets fire on Palestinian demonstrators at Gaza border
Israel says the blockade is meant to prevent weapons from reaching militant groups, including Hamas, which it designates as a terrorist organization and with whom it has fought three wars in the past decade. Hamas has led and organized the protests, but turnout has also been driven by growing despair over blockade-linked hardship, including lengthy power cuts and soaring unemployment. [Full Article...]
Comcast shares fall after $40B bid to buy Sky stake
Fox, which already owns 39 percent of Sky, offered roughly $32 billion for the remaining shares. Rupert Murdoch-owned Fox offered about $35 billion at $20.46 per share. Fox is considering selling its stake to Comcast, which it would need Disney approval to do. Comcast believed it needed to deliver a knockout blow given that Fox's existing stake in Sky gave it a chance of victory if it was a clos... [Full Article...]
Instagram co-founders resign to explore 'creativity again'
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A reason for their departures wasn't immediately known. Mr Systrom, who heads the popular photo-sharing app launched in 2010, said they were taking some time off to "explore our curiosity and creativity". Their departures will be problematic for Facebook, and follow closely behind the resignation of Jan Koum WhatsApp's chief executive officer, who quit over adverts on the service. [Full Article...]