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In fresh blow to Canada PM Trudeau, lawmaker quits his caucus
In a fresh blow to the embattled government of Canadian Prime Minister Justin Trudeau, a legislator quit his ruling Liberal Party to sit as an independent on Wednesday after defending a former minister at the center of a political scandal.

Canada's Trudeau under pressure as MP quits, budget criticized
Canadian Prime Minister Justin Trudeau remained under pressure over a corruption scandal on Wednesday as a legislator quit his party's caucus and a pre-election budget aimed at swaying key voters appeared to offer too little to stem the tide of negative news.

Trump says tariffs on Chinese goods may stay for 'substantial period'
U.S. President Donald Trump warned on Wednesday that the United States may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement.

Citigroup to sell Venezuelan gold in setback to President Maduro: sources
Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves.

AT&T CEO says China's Huawei hinders carriers from shifting suppliers for 5G
AT&T Inc Chief Executive Randall Stephenson said Wednesday that China’s Huawei Technologies Co Ltd is making it very difficult for European carriers to drop the company from its supply chain for next-generation 5G wireless service.

EU readies short Brexit delay - if May wins parliament over
European Union leaders meet in Brussels on Thursday to give Prime Minister Theresa May an offer to delay Brexit beyond March 29, on condition that she can finally win over her many opponents in parliament next week.

Levi Strauss valued at $6.6 billion as IPO prices above target
Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.

May urges parliament to back her on Brexit, tells Britons 'I'm on your side'
Prime Minister Theresa May made an impassioned appeal to British lawmakers to support her on Wednesday after the European Union said it could only grant her request to delay Brexit for three months if parliament next week backed her plans for leaving.

Fed sees no rate hikes in 2019, sets end to asset runoff
The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.

Rescue teams race to save hundreds trapped by Mozambique cyclone
Aid workers rushed to save people trapped by floods around the Mozambican port city of Beira on Wednesday, after a powerful cyclone killed hundreds and left a trail of destruction across swathes of southeast Africa.

 

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