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US toughens stance on Iran, ending exemptions from oil sanctions

Mike Pompeo says any nation interacting with Iran should do its diligence and err on the side of caution The US has announced it will no longer exempt countries from sanctions that aim to impose a complete oil embargo on Iran. Officials said the Trump administration would not renew any of the sanctions waivers granted… Continue reading US toughens stance on Iran, ending exemptions from oil sanctions

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Walt Disney heir says paying chief executive £50.5m is ‘insane’

Abigail Disney complains that Bob Iger receives 1,424 times more than company average An heir to the Walt Disney fortune has described the $65.6m (£50.5m) paid to the company’s chief executive, Bob Iger, as “insane”. Abigail Disney, an Emmy award-winning film-maker and a granddaughter of the company’s co-founder Roy Disney, said it was outrageous that… Continue reading Walt Disney heir says paying chief executive £50.5m is ‘insane’

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Trump says he will not nominate Herman Cain to Federal Reserve board

Pizza company CEO had struggled to secure support in Senate President tweets ‘I will respect [Cain’s] wishes’ Donald Trump will not name Herman Cain to the Federal Reserve board. The US president said on Monday the former Republican presidential hopeful and Godfathers pizza chief executive had asked him to stop the nomination. Related: ‘Very smart… Continue reading Trump says he will not nominate Herman Cain to Federal Reserve board

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Tesla investigates video of Model S car exploding

The video, widely shared on China’s Twitter-like Weibo, shows the parked EV emit smoke and burst into flames seconds later Tesla said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving the company’s… Continue reading Tesla investigates video of Model S car exploding

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Stop & Shop strike supported by Warren, Biden and Buttigieg ends with deal

Company and unions reach three-year deal on pay, healthcare Strike rippled across New England, attracting wide support Stop & Shop workers and company officials have reached a tentative agreement that ends a near-two week strike at 240 stores in Massachusetts, Rhode Island and Connecticut. Related: Stop & Shop hit by strike as 31,000 workers walk… Continue reading Stop & Shop strike supported by Warren, Biden and Buttigieg ends with deal

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Three children of Asos billionaire killed in Sri Lanka attacks

All but one of Anders Holch Povlsen’s four children have died after series of explosions Sri Lanka bombings: latest updates The billionaire fashion tycoon behind the online clothing retailer Asos lost three of his four children in the Sri Lanka terrorist attacks, a spokesman has said. Anders Holch Povlsen, 46, is Denmark’s wealthiest man with… Continue reading Three children of Asos billionaire killed in Sri Lanka attacks

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Former Nissan boss Carlos Ghosn hit with fresh charge in Japan

Prosecutors file fourth formal indictment for allegedly siphoning company funds for personal use Japanese prosecutors have charged the former Nissan chairman Carlos Ghosn with aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. The charge, on Monday, ensures that Ghosn… Continue reading Former Nissan boss Carlos Ghosn hit with fresh charge in Japan

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‘Costs are crippling’: more than 900 British pubs vanished in 2018

Annual review shows low consumer confidence and high business rates remain a hurdle More than 900 pubs vanished from communities in Britain last year, as the industry was hit by intense cost pressures and business rate increases. A total of 914 pubs disappeared in 2018, according to the real estate data company Altus Group’s annual… Continue reading ‘Costs are crippling’: more than 900 British pubs vanished in 2018

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Cannabis websites in US and Canada crash on biggest 4/20 day

Company that offers ‘free delivery’ happy hour has difficulty fulfilling orders Global cannabis suppliers struggled to keep up with demand on Saturday, the biggest ever 4/20 Day, an annual celebration of marijuana on 20 April, which in the US calendar is referred to as 4/20. Suppliers in the US, where recreational cannabis is legal in… Continue reading Cannabis websites in US and Canada crash on biggest 4/20 day