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April 17, 2018 12:59 PM Shares rocket for coffee chain firm

Shares in Whitbread rocketed yesterday after activist investor Elliott revealed it has become the firm’s largest shareholder, with pressure expected to be applied to break up the Costa Coffee and Premier Inn owner. Elliott now owns over 6% of Whitbread, the firm confirmed on Saturday, and it is understood that it will now push for Costa and Premier Inn to become 8

April 13, 2018 3:46 AM Asian stocks mostly up after Wall Street finishes higher

SEOUL, South Korea (AP) - Asian stock markets were mostly higher Friday following overnight gains on Wall Street. Risk sentiment returned as the U.S. explores the possibility of returning to trade talks with 11 Pacific countries and clarifies that it is consulting allies before making a final decision on possible military strikes against Syria. KEEPING 1

April 3, 2018 2:39 AM PM hopes US, China can calm trade dispute

Malcolm Turnbull is hopeful the US and China can de-escalate tensions to avoid a full-blown trade war. China increased tariffs by up to 25 per cent on 128 US products including frozen pork and wine, ramping up a dispute between the world's biggest economies in response to US duties on imports of aluminium and steel. "No one wins out of a trade war, that's 4

March 31, 2018 12:05 PM France: Workers strike at Carrefour markets over job cuts

PARIS (AP) - Workers at France's Carrefour supermarkets are striking to protest planned job cuts. The FO and CFDT labor unions said the strike on Saturday was causing disruptions at about 300 Carrefour markets across the country. Some of the chain's biggest stores were forced to close. The unions also are protesting a sharp drop in employees' profit-sharing 5

March 28, 2018 10:36 AM Iraq says OPEC to decide on cuts by the end of the year

BAGHDAD (AP) - The OPEC cartel and a group of allied oil-producing nations will decide by the end of this year whether to extend production cuts and by how long, Iraqi and OPEC officials said Wednesday. In Dec. 2016, OPEC and non-OPEC members reached an agreement to cut production by 1.8 million barrels a day. Since then, the deal has been extended multiple 5

March 12, 2018 6:55 AM 'You would add to the debt!' BBC presenter SHREDS Labour frontbencher's economy plans

BBC presenter John Pienaar ripped into Labour Party frontbencher Rebecca Long-Bailey and pointed out she could not dispute Labour would add to Britain's current debt. Philip Hammond has claimed the economy is “at a turning point” and after eight years of poor growth adding he is confident “that there is light at the end of the tunnel”. Speaking on BBC Radio 29

March 12, 2018 3:56 AM NSW steel town worried about dumping

Local workers in the NSW steel manufacturing hub of Port Kembla are pleased Australia has been exempted from controversial US steel tariffs but concerned the local market could be flooded with cheap imports. While Canberra negotiated its way out of the 25 per cent tariff on steel sold to the US, some Wollongong workers are now worried other countries 7

March 7, 2018 7:28 AM European consumers will suffer if EU punishes the City over Brexit, warns Philip Hammond

European consumers will pay dearly if Brussels tries to punish the City, Philip Hammond will warn today. In the last of the Government’s ‘Road to Brexit’ speeches, the Chancellor will tell the EU it is ‘very much in our mutual interest’ to strike a trade deal giving extensive rights to Britain’s financial services sector. Mr Hammond will point out the critical 8

March 7, 2018 6:40 AM Economic adviser quits White House over trade tariffs

Gary Cohn, director of the National Economic Council, is the latest in a long list of resignations from Donald Trump's cabinet. Gary Cohn, viewed as a voice for Wall Street, resigned after battling with the president over his plans to impose hefty steel and aluminium import tariffs. The 57-year-old, who was a key architect in Mr Trump's tax reforms 23

March 2, 2018 6:06 PM Ed Sheeran breaks another record as Divide logs full year in top ten

Ed Sheeran has broken yet another record as his latest album, Divide, logged a full year in the top ten of the Official Albums Chart. The singer-songwriter became the first artist in UK history to have three different albums in the top ten for a full 12 months. Divide is currently at number two in the albums chart, spending its 52nd week near the summit 15