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Mexico aims to lift oil and gas production by almost 50 percent in the next six years, and in January will agree on infrastructure and drilling contracts to develop 20 fields, the head of state oil firm Petroleos Mexicanos said on Saturday.

U.S. Congress passes legislation legalizing growing of hemp

Yesterday, the U.S. Congress passed the U.S. Farm Bill which includes the legalization of growing of hemp. Hemp has been used as material for such items as carpets and sweaters but derivatives are used for many other purposes such as food and medicine.

Federal government offshore wind auction shatters records

After the Bureau of Ocean Energy Management's (BOEM) much-hyped August oil and gas auction bombed, the agency hit it big this week with their offshore wind auction — with a record-setting total of bids at $410 million for three tracts of ocean.

Toronto stock market down along with lower oil prices

Stock futures pointed to a lower opening for Canada’s main stock index on Thursday, as oil prices fell after China reported slower economic growth, pointing to lower fuel demand in the world’s biggest oil importer.

Eurozone growth shudders on trade worries, French protests

Global trade war fears and disruptions caused by anti-government protests in France pushed business growth in the eurozone to a four-year low in December, an influential survey showed Friday, raising concerns the region's economy might stall.

Obstacles litter privatization path in Brazil under Bolsonaro

An ambitious privatization plan by the incoming government of Brazil's president-elect Jair Bolsonaro faces some challenges, not least from a cadre of ex-military men in the cabinet and reticent lawmakers.

Slovenian MPs pass ten percent minimum wage rise

Slovenia's parliament on Thursday approved a phased ten percent increase in the minimum wage, as the eurozone country's economy continues to rebound from a 2013 crisis with its fifth year of growth.

End of an era as ECB set to withdraw crisis-fighting stimulus

A chapter of eurozone history will come to a close Thursday, with the European Central Bank widely expected to withdraw a key element of support for the economy while reassuring observers fearful of the growing risks.

Investors reject Mexico bond buyback in blow to president

Investors rejected a new, sweetened offer from the Mexican government Wednesday to buy back their bonds from a cancelled airport project, deepening a growing quagmire for President Andres Manuel Lopez Obrador.

Social media can be used to predict retail failures

It’s a tough time to be in retail, especially in terms of running a physical store where the e-commerce world is increasingly dominant. Some retail failures are anticipated, some come as a surprise. Social media can help to decide.

Mexico cancels oil auctions under new president

Mexico's energy regulator said Tuesday it was canceling its remaining oil block auctions for private firms, the centerpiece of the country's landmark energy reform, now under attack by new President Andres Manuel Lopez Obrador.

Q&A: How Walmart is challenging Amazon with digital technology Special

Walmart hare recently announced 43 percent increase in e-commerce sales that was fueled by increased investment in digital assets. This places Walmart in a stronger position to challenge Amazon. Keith Ryu, CEO of Fountain looks at what’s been happening.

India's rupee slides as central bank chief quits

India's rupee plunged on Tuesday after the country's central bank chief quit following a dispute with the government that analysts say raises fears about its independence.

Key drivers for electric vehicles in 2019

Electric vehicles are set to grow considerably in 2019. Casting an eye into the new future, design company ByteSnap have put forward a set of reasons why electric vehicles and associated technologies are set to grow.

Ex-Nissan chief Ghosn charged, served with fresh arrest warrant

Japanese prosecutors Monday formally charged Carlos Ghosn with financial misconduct for under-reporting his salary and also served him a fresh warrant on separate allegations, meaning the tycoon will likely spend Christmas in a cell.

Mexico's new president boosts Pemex budget by $3.7 bn

Mexico's new President Andres Manuel Lopez Obrador said Sunday he would reverse shrinking investment in the state oil company by pouring $3.7 billion into Pemex in 2019, in a bid to boost crude and refined products' output.

Online shopping will never end bricks-and-mortar stores

Shoppers are increasingly turning to online services. However, the digital presence will never completely send the physical store into oblivion, according to a new report. Many people still want a physical presence.

Amazon finds more efficient cloud computing solution

To improve its cloud-based computing services, Amazon is to deploy an ARM-based Graviton processor. The e-commerce giant says this will lead to cost savings of up 45 percent for "scale-out" services.

From shopping to tourism, French protests hit economy

Shops shuttered in the run-up to Christmas, chaos on the roads: France's "yellow vest" protests are dealing a blow to the economy which the finance minister says is no less than a "catastrophe".

Amazon bear repellent accident sends 24 workers to the hospital

On Wednesday this week 24 Amazon warehouse workers in Robbinsville New Jersey were hospitalized after a robot punctured a can of repellent according to local news reports. One employee is said to be in critical condition.

Five key customer service trends for 2019 Special

Customer services have been subject to several digital disruptions and there are more to come. Adopting these are necessary to deliver customer value and in order to remain competitive.

How Microsoft’s CEO Nadella has steered the company to success

Microsoft have surprised keen followers of technology and the stock market with a big rise in value — by over fifty percent — in the last year. Behind this success is the company’s CEO Satya Nadella.

Virginia cigarette maker invests in Canada pot company Cronos

Cronos Group Inc, today announced that it has entered into a subscription agreement with Virginia-based Altria Group Inc. — the maker of Marlboro cigarettes. The Altria investment will give them a 45 percent stake in Cronos.

Keeping up with China: Kim Kardashian woos Chinese market

Reality television star and lifestyle mogul Kim Kardashian has her sights set on the Chinese market with plans to open a pop-up store, state media reported Friday.

Xcel Energy becomes first major U.S. utility to go carbon-free

A utility serving 3.6 million electricity customers in eight states said Tuesday it has committed to eliminating all its carbon emissions from electrical generation by 2050, and becoming 80 percent carbon-free by 2030.

University of Guelph to offer cannabis workshops

Cannabis Compliance Inc. (CCI) of Toronto has formed a partnership with the University of Guelph to offer workshops on cannabis to both industry enthusiasts and professionals. They will begin in March of 2019.

Q&A: The ways tech is driving e-commerce Special

There are a range of new and emergent technologies that is are helping to shape e-commerce like blockchain, app development and more. To discover more about these, Jonathan Fries from Exadel provides some insights.

Brazil court suspends Boeing-Embraer tie-up

A Brazilian federal court on Thursday suspended a proposed $4.75 billion tie-up between US aerospace giant Boeing and the civilian business of Brazilian plane-maker Embraer pending the government of president-elect Jair Bolsonaro taking office.

Washington regulators shutdown $5.3 billion Hydro One/Avista deal

Hydro One and Avista Corporation today were denied the proposed merger of the two companies by Washington state regulators. Ontario ratepayers, could be on the hook for a $138 million termination fee.

Markets tumble as Huawei arrest rekindles US-China trade fears

World markets slumped Thursday as the arrest of a top executive at Chinese telecoms giant Huawei raised doubts over the recent trade truce agreed by US President Donald Trump and Chinese counterpart Xi Jinping.

Trump asks OPEC not to cut production

US President Donald Trump on Wednesday urged OPEC members not to slash production at their upcoming meeting, saying global oil prices should remain low.

Takeda shareholders agree to $60 bn Shire acquisition

Shareholders at Japanese drug giant Takeda on Wednesday approved a plan to buy Irish pharmaceuticals firm Shire in a deal worth around $60 billion, the biggest foreign takeover ever by a Japanese firm.

Cuba set to tighten screws on private sector

Ten years after they were first authorized to do business in Cuba, private entrepreneurs will be subjected to tougher restrictions from Friday -- a move likely to stall their expansion on the communist-ruled island.

Five insurtech startups to watch out for in 2019

There is a wave of insurtech startups emerging each year. Some fall by the wayside, others become major players. Five companies set to make it big in 2019 are profiled, from an insurance as a service pioneer to a blockchain innovator.

Biggest changes for insurtech for 2019

2018 saw a series of changes shaking up the insurance sector and the level of innovation and associated disruption looks set to continue into 2019. These include greater collaboration with big firms, blockchain and AI.

Thomson Reuters announces 3,200 job cuts over two years

Financial data and news agency Thomson Reuters announced Tuesday cuts of 3,200 jobs and dozens of office closures worldwide over the next two years as part of a restructuring.

Aphria craters after short-seller calls it a 'black hole'

Aphria shares tumbled 29 percent in pre-market trading in New York on Monday after Gabriel Grego, founder of Quintessential Capital Management (QCM), accused the company of being a shell game with a cannabis business on the side.

Sticking points in US-China trade talks

The US and Chinese leaders have agreed to a truce in their trade war. Now comes the hard part for negotiators who will have 90 days to resolve major differences.

Qatar to quit Saudi-dominated OPEC in 2019

Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, the country's new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.

Alberta Premier Notley announces 8.7 percent oil production cut

Alberta Premier Rachel Notley has announced a temporary 8.7 percent oil production cut, or decrease of 325,000 barrels a day, in the production of raw crude oil and bitumen starting Jan. 1, 2019.

U.S. Congress agrees on legislation to make growing hemp legal

The U.S. Congress has finally come to an agreement on proposed legislation that would make it legal to grow hemp in the U.S. for the first time in almost a century.
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