The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Amazon Announces Plans For New Fulfillment Centre In Ottawa – Quick Facts

Amazon (AMZN) announced plans for a new fulfillment centre in Ottawa, Ontario’s eastern suburb of Orléans. The 1-million square foot customer fulfillment facility is Amazon’s fifth in Ontario, creating more than 600 full-time jobs. Amazon currently employs more than 2,000 full-time associates at its existing Ontario facilities in Brampton, Mississauga, and Milton. by RTTNews Staff Writer Source: Read Full Article

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Oil mixed on supply disruptions; chance of Iran sanctions waivers

NEW YORK (Reuters) – Oil prices were mixed on Tuesday, as price gains on supply concerns in Norway and Libya were tempered by the United States’ indication that it would consider requests for waivers from Iranian oil sanctions. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File PhotoBrent crude futures […]

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Ex-biopharmaceutical employees convicted in U.S. of insider trading

BOSTON (Reuters) – Two former employees of rival biopharmaceutical companies were convicted on Tuesday on U.S. charges that they used their access to confidential information about drug studies to profit in the stock market through insider trading. Former Akebia Therapeutics Inc employee Schultz Chan (L) and his lawyer, Peter Horstmann, exit the federal courthouse in Boston, Massachusetts, U.S. July 10, […]

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Conservative. liberal groups targets red-state Democrats with Supreme Court ads

Liberal and conservative groups said they plan campaigns to convince Democrats in states Trump won to support or oppose Supreme Court nominee Brett Kavanaugh. Judicial Crisis Network, a conservative political advocacy organization, said Monday it is launching a $1.4 million ad-buy to support Kavanaugh, President Donald Trump’s nominee. The ads will run for one week in four states: Alabama, Indiana, […]

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UK watchdog sees no appetite from banks to rip up rules after Brexit

LONDON (Reuters) – Britain’s banks and insurers do not want their rulebooks dismantled after Brexit and the ability to ease regulation will depend on the country’s future trade deal with Europe, Financial Conduct Authority Chair Charles Randell said on Wednesday. The Chair of the Financial Conduct Authority (FCA) Charles Randell, speaks at a Reuters Newsmaker event, in London, Britain July […]

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Papa John’s founder resigns as chairman amid n-word scandal

Papa John’s founder John Schnatter resigned as the company’s chairman on Wednesday night after fallout over his use of the n-word during a conference call. The company released a statement that said the directors had accepted Schnatter’s resignation. “Papa John’s will appoint a new Chairman in a couple of weeks,” the statement read. Forbes reported earlier on Wednesday that Schnatter […]

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Oil falls after Trump threatens to escalate trade war with new tariffs

TOKYO (Reuters) – Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File PhotoThe specter of tariffs on a further $200 billion worth […]

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