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Manchester City seal ‘record-breaking’ investment deal with Silver Lake
The owner of English Premier League champions Manchester City is selling a major stake in the club for US $500 million (€454 million) – in a deal said to break a new record in sports valuations. A statement by Silver Lake, an American...
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Manchester City becomes 'most expensive sports franchise in Europe' after investment deal
The owner of English Premier League champions Manchester City is selling a major stake in the club for US $500 million (€454 million) – in a deal said to break a new record in sports valuations. A statement by Silver Lake, an American...
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Iraq businesses hurt by protests
Weeks of anti-government protests in Iraq are damaging trade.
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Vancouver mayor says talk of Wexit not helping
Vancouver Mayor Kennedy Stewart says all of the talk of western separation isn't helping cities like his deal with bigger issues like transit and opioids.
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Saudi regulator approves Aramco share listing request
World’s most profitable company gains domestic listing approval, with shares expected to be priced in December.
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Saudi Aramco IPO: Russia will not make big investment
Russia's sovereign wealth fund will not be making a significant investment in the Saudi Aramco initial public offering, according to the chief executive of the Russian Direct Investment Fund.
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Targeted shooting in Toronto caught on video
A targeted shooting inside a Toronto apartment building that injured five teenagers and was caught on video is raising doubts about the city’s safety and whether a campaign against gun violence is making a difference.
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Indonesia's Widodo appoints archival as defence minister
Controversial former army general who twice failed to win presidency named defence minister.
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SoFi Launches Two New ETFs on The NYSE
The digital personal finance platform SoFi launched two new exchange traded funds (ETFs) on Thursday as part of its effort to provide users the tools they need to reach financial independence.
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Xi arrives in Paris as Macron pushes for united EU front
China's President Xi Jinping has arrived in Paris where he's expected to sign energy and other contracts with his French counterpart, Emmanuel Macron. Xi is en route from Italy, which just became the first G7 nation to sign up to China's...
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Big Investors Unmoved by Lyft Stock's Dip
Lyft’s shares dropped more than 11 percent Monday morning, the ride-haling company's second day of trading on the Nasdaq, with the stock falling below its initial public offering price of $72. But the stock's dive should not be a concern...
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Raw Politics: Did Italy go against EU interests in China trade negotiations?
Italy became the first G7 country to sign China’s “New Silk Road” project on Saturday despite criticism from some in the EU. Chinese President Xi Jinping is hoping to gain support for his Belt and Road Initiative, a plan designed to...
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Lacrosse League Startup Gets Backing from Alibaba's Joe Tsai to Build Media Business
Professional lacrosse league startup Premier Lacrosse League has big ambitions to take professional lacrosse mainstream ー and now it has funding from big investors to do it. Premier Lacrosse League announced on Tuesday it closed a series...
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Ford's Chicago Investment Is an Investment in America, Ford's Joe Hinrichs Says
As GM makes cuts across North America, Ford is investing. The Dearborn, Michigan-based automaker announced on Thursday a $1 billion investment into Chicago's South Side to expand production of the Ford Explorer and Lincoln Aviator. It...
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Canada-China tensions could already be hurting tourism and investment
Two Canadians have been detained in China since Huawei executive Meng Wanzhou was arrested in Vancouver. They've been granted access to consular officials, but Ottawa isn't any closer to resolving this diplomatic feud. Now, the brewing...
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GM to Close Factories, Cut Jobs as Consumer Tastes Change
General Motors said it will cut nearly 15,000 jobs ー a combination of factory and office roles ー and put five plants on the chopping block as it contends with shifting consumer preferences and slowing sales.
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Lawmakers Unite to Oppose GM Plant Closures, Layoffs
Politicians on both sides of the aisle united with labor leaders on Monday to slam GM's announcement that it would cut more than 14,000 jobs ー a combination of factory and office roles ー and put five plants on the chopping block.
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Environmentalists accuse ING of 'greenwashing' at Brussels demo
About 30 activists staged a ‘die-in’ and held billboards reading “stop toxic investments”, “reclaim human rights” and “stop greenwashing” in front of the ING bank office in downtown Brussels this Tuesday. The activists, under a coalition...
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HBO CEO Richard Plepler: We Will Invest a Lot More in Content
AT&T announced on Wednesday that it will launch a streaming video service next year, with offerings from its newly acquired HBO, Turner, and Warner Bros units. Richard Plepler, CEO of HBO, said the company is committed to investing in...
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Brian Mulroney jumps into the cannabis business
There is at least one new convert to legalized pot: Brian Mulroney. The former prime minister isn't using, but he has joined the board of directors of a U.S. cannabis investment firm.
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Verizon CEO: 5G Will Help Connectivity & Latency Issues With Self-Driving Cars
Verizon launched its first 5G network in four U.S. cities Monday. One possible use for the technology will be in rolling out self-driving vehicles. Hans Vestberg, CEO of Verizon Communications, said that while it will take some time for...
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Marc Benioff, Salesforce Founder, Buys Time Magazine
Salesforce founder Marc Benioff and his wife, Lynne, are buying Time magazine for $190 million in cash from Meredith Corp. Benioff is the latest in a trend of tech billionaires opening their wallets for venerated media brands, following...
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Coke Considering Cannabis Drinks: Report
The world's largest beverage maker is reportedly eyeing the red-hot cannabis market, according to a [report] (https://www.bnnbloomberg.ca/coca-cola-in-talks-with-aurora-to-develop-cannabis-drinks-sources-1.1138528). Coca-Cola is in...
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Bitcoin Foundation's Bobby Lee Favors Bitcoin, Ethereum Over 'Tokens'
Bitcoin Foundation Board Member Bobby Lee said that, as blockchain and Bitcoin continue to become more popular, he believes investing in the digital assets themselves is a better approach than investing in companies who use 'tokens' that...