Economy

Flight diverted to New York's JFK airport due to bomb threat

Flight diverted to New York's JFK airport due to bomb threat

Kennedy Airport in NY on Monday after a reported bomb threat. The crew was informed of the threat, and the pilot diverted the aircraft to JFK. Officials did not have any information about the nature of the threat. Coleman said the pilot of the Airbus A380 double-deck airliner was notified and chose to divert to JFK as a precaution. It said no other flights were impacted by the plane's grounding. Read More

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Tata Steel commits to staying in Britain

Tata Steel commits to staying in Britain

But pensions remain a sticking point and the unions say the revised pension plan remains "worrying". The company has said that it will keep operating both its furnaces at Port Talbot steelworks located in South Wales for a minimum of five-years along with giving other assurances to its staff working in UK's largest steel plant. Read More

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Trump clashes with union leader over Carrier deal

Trump clashes with union leader over Carrier deal

Union workers in the Hudson Valley say they are standing by the president of the United Steelworkers 1999 in IN after what they call "un-American" comments were posted about him on Twitter by President-elect Donald Trump . But Jones maintains that Trump should have been upfront with the alleged 800 job number. "We know what vehicle you drive.' You know, things along those lines". Read More

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Taiwan's Tsai: no major policy shifts, despite Trump call

Tsai's call with Trump on 2 December was the first by a United States president-elect or president with a leader from Taiwan as the White House switched recognition to China from Taiwan in 1979. "Until now (the Chinese) have said these aren't military bases", Auslen said. While Ryan was fine answering a question on Trump speaking with the President of Taiwan and providing his take on it, he did draw a line. Read More

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Authorities to conditionally move from bridge near protest

Trump owns stock in the company building the pipeline, Energy Transfer Partners , but he has said that his support has nothing to do with his investment. According to Jo-Ellen Darcy, the Army's assistant secretary for civil works, the Corps of Engineers have made a decision to heed the warning that the Sioux tribe has given about what the pipeline will do to their water supply. Read More

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Trump threatens payback for US companies that move abroad

Trump said he'd impose a 35 percent tax, called a tariff, on companies that close USA factories, cut American jobs, then relocate overseas and try to sell their products back to the United States. When the George W. Bush administration slapped tariffs on steel imports in 2002, US steel makers took advantage by raising their own prices. Since Trump's election, his team has described tariffs as a potential tool to be used to pry concessions from America's trading partners. Read More

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Canada PM approves controversial pipeline to Pacific Coast

Trudeau also promised to introduce legislation for a moratorium on crude oil tanker shipping on B.C.'s north coast. "We have not been and will not be swayed by political arguments, be they local, regional or national". "Because of the leadership of this government, Alberta did see two new pipeline approvals". Andrew Weaver, the leader of the B.C. Green Party, said Trudeau "has betrayed the trust of British Columbians", as his government "steamrolls" their pipeline agenda over First Nations ... Read More

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Petition calls for new UK 5-pound bank note to be 'fat

Vegans were dealt a fresh blow today as the Bank of England confirmed that the new £10 notes, which come into circulation next year, will also contain animal fat . A number of Sikhs and Hindus have also urged the notes be banned from temples, where meat products are forbidden. "We respect those concerns and are treating them with the utmost seriousness", its statement said. Read More

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Nancy Pelosi as House Democrats vote for leader

Nancy Pelosi as House Democrats vote for leader

Ryan, who has considered running for higher office in the past, including the US Senate seat held by Sherrod Brown, would not rule out a run for governor of OH when asked Wednesday. Rep. Joe Crowley of NY became conference chairman, a term-limited post vacated by Rep. Xavier Becerra of California. Either would become the first minority woman in leadership. Read More

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Stock Futures Rise as Crude Rockets Higher, Private Payrolls Grow

KUALA LUMPUR, Malaysia (AP ) — Global stock markets were mixed Tuesday as uneasy investors looked ahead to an OPEC meeting and Italy's constitutional referendum. Italian Prime Minister Matteo Renzi's office denied news reports that he may step down even if he wins a December 4 vote on constitutional reform, an event that has sparked concerns this month about political and economic instability there. Read More

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Britain promises close ties with Poland after EU exit

Britain promises close ties with Poland after EU exit

Signatories to the MPs letter include the former cabinet ministers Michael Gove, Iain Duncan Smith, John Redwood and John Whittingdale as well as prominent Eurosceptic Jacob Rees-Mogg. "Of course, these guarantees would need to be reciprocal". It says Britain wanted to have a "Canada plus" trade deal rather than remaining a member of the European Economic Area (EEA) but negotiating over services, especially the financial sector, is likely to be "difficult". Read More

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Trump to Begin 'Thank You Tour' with Ohio Event This Week

Trump to Begin 'Thank You Tour' with Ohio Event This Week

Trump is expected to visit key states that helped win him the election, such as Michigan, Pennsylvania, Wisconsin and Florida. He sent his running mate, now Vice President-elect Mike Pence, to rally Utah Republicans in October. "It's not a 'victory tour'". According to Politico , Trump is still gleefully recounting his shocking victory with friends and advisers who join the billionaire businessman in expressing their "everyone was wrong but us" excitement. Read More

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China state-owned banks sell dollars in onshore market, yuan firms- traders

China state-owned banks sell dollars in onshore market, yuan firms- traders

But a central bank vice governor sought to temper concerns on Sunday, saying current conditions show the yuan will stabilise against the dollar. It was the currency's weakest level since June 2008. Forex market analysts who have been watching the yuan's value decline over the past year blamed the latest weakening on the specter of US trade protectionism under a Trump administration. Read More

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