Economy

Investors bet on weed companies ahead of legalization date – National

TORONTO – Investors are betting Canada‘s smaller financial firms could see a jump in revenues after they helped fund marijuana companies ahead of the country’s planned legalization of the drug this year. Equity offerings by Canadian weed companies tripled to a record high of nearly $1 billion in 2017, with nearly …

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Australia, Canada Trade Blows over Wine

SYDNEY —  Australia has filed a formal complaint with the World Trade Organization that accuses Canada of placing “discriminatory” rules on the sales of imported wine. Canada is Australia’s fourth-biggest wine market. Officials in Canberra say rules in Canada unfairly discriminate against overseas wine. An official protest has been lodged …

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Iran May Try to Loosen Revolutionary Guard’s Grip on Economy

DUBAI —  Iran’s supreme leader has ordered the Revolutionary Guard to loosen its hold on the economy, the country’s defense minister says, raising the possibility that the paramilitary organization might privatize some of its vast holdings. The comments this weekend by Defense Minister Gen. Amir Hatami appear to be a …

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Supermarket Tech for the Way We Shop

NEW YORK —  Self-driving cars haven’t fully made their way to Main Street, in part, because of the unpredictable conditions and occurrences on everyday roads. But a more controlled and mappable environment exists in the everyday supermarket or big box store, where autonomous vehicles (robots, really) are already cruising the …

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El Salvador Eyes Work Scheme with Qatar for Migrants Facing Exit from US

SAN SALVADOR —  El Salvador is discussing a deal with Qatar under which Salvadoran migrants facing the loss of their right to stay in the United States could live and work temporarily in the Middle Eastern country, the government of the Central American nation said on Tuesday. Last week, U.S. …

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More Green Power Could Lessen India’s Water, Electricity Problems

ROME —  Water shortages have disrupted India’s power plants for years and are likely to worsen as power demands grow and climate change brings more frequent droughts — a reality that is adding urgency to government plans to boost use of renewable energy, analysts said. Most of India’s energy comes …

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