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Latest snag for Canada Petronas LNG plan a political race

  Bloomberg The latest challenge facing a $27 billion liquefied natural gas terminal that Malaysia’s Petroliam Nasional Bhd. wants to build in western Canada: the race for the office of the premier in British Columbia. John Horgan, leader of the province’s opposition New Democratic Party thrust the LNG project into the middle of his campaign on Friday, telling reporters it ...

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Teva Pharmaceutical’s outlook dims as CEO leaves

  Bloomberg Teva Pharmaceutical Industries Ltd.’s chief executive officer unexpectedly left after just three years, leaving the world’s largest maker of cheap copycat medicines floundering for a new boss as its outlook dims and the shares slump. Chairman Yitzhak Peterburg became CEO on an interim basis following Erez Vigodman’s departure, and a search is underway for a successor, the Petach ...

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Freebies herald rural India spending spree

  Bloomberg India’s politicians are promising everything from smartphones to pressure cookers in a free-for-all that could signal the start of a spending spree in the country’s hinterland. In Uttar Pradesh, a state of 200 million people voted in legislative elections on Saturday, parties including Prime Minister Narendra Modi’s Bharatiya Janata Party offered a range of freebies — which have ...

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South Korean investigators to again summon Samsung heir

  SEOUL / AP South Korean prosecutors investigating the corruption scandal involving impeached President Park Geun-hye said on Sunday that they plan to summon Samsung heir Lee Jae-yong again as they look into bribery allegations between Park and the country’s largest busi- ness group. Lee, the billionaire vice chairman of technology giant Samsung Electronics, will be summoned along with two ...

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Toyota, Suzuki to work together in green, safety technology

  TOKYO/ AP Japanese automakers Toyota and Suzuki, which began discussing a partnership in October, said they would work together in ecological and safety technology — a rapidly growing area in the industry. Toyota Motor Corp., the maker of the Camry sedan, Prius hybrid and Lexus luxury models, and Suzuki Motor Corp., which specializes in tiny cars, announced the decision, ...

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New York Times offers free Spotify service to boost subscribers

  Bloomberg New York Times Co., looking for ways to persuade readers to pay for news, is working with Spotify Ltd. to give new digital subscribers to the newspaper free access to the world’s largest music-streaming service. Readers who buy one-year online subscriptions to the Times will also get unlimited access to Spotify’s premium service, which costs $120 annually, the ...

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‘Trump good for US economy for now’

  AP The head of the International Monetary Fund said on Sunday that US President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade. Christine Lagarde said Trump’s plans for additional investment in US infrastructure and his likely tax reforms will boost ...

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Vacheron Constantin makes its online debut with $45k watches

  Bloomberg Luxury timepiece maker Vacheron Constantin will start selling its new watches online for the first time in its 262-year history as the Richemont-owned brand seeks younger customers. The Geneva-based company designed a limited edition of 36 Cornes de Vache 1955 timepieces with New York-based watch news website Hodinkee — the first such collaboration for the watchmaker, said Vincent ...

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