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Twitter Chairman Jack Dorsey Speaks At Techonomy Detroit

Four Executives Are Leaving Twitter Which Is Planning Big Leadership Changes

Four executives are reported to take a departure from the social media company as part of a major restructuring plan by the new CEO Jack Dorsey. In addition to those asked to leave, some other executives have already stepped down out of pressure.

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A vendor sits at a copper rod retail shop in Shanghai, China

Copper prices dancing to the tunes of China

The stockpiles levels in China, the biggest commodity consumer, are impacting copper prices in the global markets. Copper price is hovering at $4,400 per metric ton and is moving in consolidation phase. Chinese smelters may cut down output and stop increasing capacities this year.

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Oil Well In California

Schlumberger reports Q4 net loss of $1 billion, cuts 10,000 more jobs

Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.

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American Express Co. Credit Cards & Signage Ahead Of Earns Figures

AmEx to slash cost by $1bn by 2017

Feeling the heat of competition in the global payments industry, American Express (AmEx) is in the process of reducing costs by $1billion by end of 2017. AmEx posted losses for the fourth quarter consecutively. The net income dropped from $1.44 billion to $873 million or 80 cents per share for the quarter. The forecast for this year disappointed investors and analysts.

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The Canadian dollar or loonie is under pressure amid weak

Canadian imports turn costlier as oil price drops

The falling oil price below $30 per barrel is impacting Canadian economy, which mostly depends upon commodities. Along with oil price, Canadian currency Loonie too declined against the US dollar. The weaker Loonie has eroded the purchasing power of Canada and is making imports costlier. Canada imports vegetables from the US. The surging US dollar made vegetables prices expensive by three folds for Canadian consumers.

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The New York Times Health For Tomorrow Conference\

Greatist raises $4.5 million to develop Millennial health site

Greatist has raised 4.5 million US dollar in Series A round. The company will utilize the funds to add more staffs, on the advertising department, to create additional custom programs like events and original content, according to Derek Flanzraich, CEO of Greatist.

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China's First Self-developed Large Passenger Jetliner C919 Rolls Off Production Line

China to combine 40 entities to work on $22 billion plan-engine project

China, as part of a wider drive into progressive industries to boost its GDP growth, plans to combine over 40 entities to work on the giant $22 billion plane-engine project. Under the plan, the government of China along with companies like Aviation Industry Corp. would invest 35 billion yuan.

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Chipotle Closes Over 40 Restaurants In Portland Area Over E. Coli Outbreak

Chipotle Offers More Free Food As Part of Promo Campaign To Cover Up The Epidemic Events

Chipotle has been reported to embattle with the series of epidemic outbreaks and adopt new food safety measures. The restaurant giant is facing a subpoena investigating a norovirus outbreak at one of its restaurants in California. Both share price and restaurant sales have been reduced following the epidemic outbreaks. To regain the customers back, the chain has adopted certain marketing policies including offering more food free to the customers.

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Chevron To Cut Up To 7,000 Jobs Due To Slump In Oil Prices

Chevron to export first gas from Australian project

Chevron said that its subsidiaries in Australia have entered into a non-binding Heads of Agreement with ENN LNG Trading Co. Ltd to sell liquefied natural gas to China. The delivery of LNG will be commenced in the first six-month of 2019, according to the company.

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Behind The Scenes At The Bristol Airbus Factory

Airbus Ventures' 1st investment takes off

Airbus Group's corporate venture capital fund Airbus Ventures has announced its first investment that was extended to a Phoenix-based Local Motors Inc. Airbus Ventures is keen on startups in the aviation industry that support Airbus business strategy. Local Motors Inc develops open source designs for building cars, helicopters and airplanes.

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Views Of BHP Billiton New Headquarters As Bond Sale Makes Light of Mining Peak Gloom

BHP Billinton Writes Down US Shale Assets Worth $7.2 billion, No Surprise For The Investors

Oil and gas market have been tattering due to existing sharp downtrend in price. Many oil companies have been writing down the value of shale assets over the past 20 months since prices started crashing. BHP Billinton Ltd. has also become dependent on bank debts to maintain soaring expenses and plans to cut dividends for the first time in 25 years. Finally, following the industry trend, BHP has announced for writing down US energy assets worth $7.2 billion.

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China Allocates More Financial Support For Farmers

ChemChina plans to take over Syngenta

Previously, the company has also purchased German's KraussMaffei Group. Also, Chinese companies investment overseas is growing.

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Indian IT Industry Moves Into The Consumer Market

China's Baidu to invest in Indian e-comerrce startups

The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.

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Stocks Continue Steep Downward Slide

Asian Stocks Dipped As Wall Street Plunged: China's Slowdown, Slump In Oil Prices Dominate

The Wall Street took a second plunge on Wednesday in the first two weeks of 2016 after trading failed to pickup after Tuesday. This sent ripples to global markets especially Asian markets which all closed sharply lower predicating on growing concern for China's slow growth, stability of its currency, and slump in oil prices.

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A woman gives a phone call as he walks p

Turkey's busiest airport operator to invest in Philippines and Belgrade

The operator of Turkey’s busiest airport, TAV Havalimanlari Holding AS, is in talks to invest in businesses in the Philippines and Belgrade.

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