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  • 'Shenmue 3' Director Confirms Game Only Has 40 Percent Of Ryo's Story

    “Shenmue 3” director Yu Suzuki has confirmed that the upcoming game will only have 40 percent of the main character’s story. Ryo Hazuki has long been the main character for all the “Shenmue” entries. This new information goes well with what the director is planning with the upcoming installment.

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  • Asia stocks cautious before Fed, oil on defensive

    Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

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  • Berlin poised for rent freeze to curb rocketing rates

    Berlin poised for rent freeze to curb rocketing ratesBerlin authorities will decide Tuesday whether to freeze rents in the booming German capital over the next five years, in what would be their latest bid to halt runaway gentrification. Once described as “poor but sexy”, Berlin has seen its housing costs double over the last decade as employees lured by the strong job market move into the city. The sharp rent hikes have led some residents to ponder radical solutions, including pushing for the seizure of housing stock from powerful landlords.

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  • British PM hopefuls begin crucial week of votes

    British PM hopefuls begin crucial week of votesThe six Conservatives vying to become Britain’s prime minister face off in the second round of voting on Tuesday, with the final pair to be decided by the end of the week. Boris Johnson, the former foreign minister and leading Brexit campaigner, ran away with the first round of voting last week, winning the support of 114 MPs — more than twice the number of votes won by his nearest challengers. The outcome of the leadership battle could determine under what conditions Britain leaves the European Union.

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  • Business Highlights

    ___ Why US-China trade war risks hurting firms in both countries WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing.

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  • Curious to know if Bitcoin is here to stay ?

    Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.

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  • Elon Musk Bizarre Twitter Activities Could Threaten Tesla

    Tesla CEO Elon Musk’s Twitter account has proven to be a very valuable marketing asset. Whereas other brands spend hundreds of thousands in marketing campaigns, Musk only needs his wit to update his 27 million followers of exciting news about his companies.

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  • Enbridge to begin rock, soil sampling in Straits of Mackinac

    Enbridge Inc. said Monday that it is moving ahead with the collection of rock and soil samples in the Straits of Mackinac while it prepares for a court battle with Michigan’s governor over a planned oil pipeline tunnel there.

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  • Facebook Will Try To Fix Its Reputation With Advertisements

    Facebook (NASDAQ:FB) is usually on the receiving end of advertising dollars, but it could see a big increase in its advertising outflows over the next few years. The company is overhauling its consumer-facing advertising strategy, and its ad spending will more than double in two to three years, according to a report from The Wall Street Journal.

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  • Kuroda says BOJ will debate rising overseas economic risks this week

    Kuroda says BOJ will debate rising overseas economic risks this weekBank of Japan Governor Haruhiko Kuroda said the central bank will “certainly” debate heightening overseas risks at a rate review this week, underscoring concerns among policymakers about the economic fallout of a U.S.-China trade war. The trade frictions and slowing global demand have cast doubt on the BOJ’s forecast that Japan’s economy will continue to expand moderately, pressuring central bank to deploy additional monetary easing to underpin growth. “As for recent overseas economic developments, there are strong downside risks regarding the Sino-U.S. trade friction and China’s economy,” Kuroda told parliament on Tuesday.

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  • Meghan Markle, Prince Harry’s Son’s Photo Boosts Their Followers By 100,000

    Meghan Markle and Prince Harry’s son helped them gain more followers.
    Last Sunday, the Duke of Sussex celebrated his first Father’s Day by sharing an intimate photo of his newborn son, Archie Harrison Mountbatten-Windsor. In the snap, the baby is seen holding Prince Harry’s finger. Archie’s eyes and nose are exposed but not his whole face.
    According to Richard Eden, the said post helped the Duke and Duchess of Sussex gained more followers. Prince Harry and Markle’s followers increased by 100,000.

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  • Modest Strength Remains Visible On Wall Street

    Stocks continue to see modest strength in mid-day trading on Monday after showing an early move to the upside. Buying interest has remained somewhat subdued, although the tech-heavy Nasdaq is showing a notable advance after underperforming last Friday.

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  • Senator Rubio targets Huawei over patents

    U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion to license the rights to patented technology.

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  • Trudeau Poised to Advance Pipeline Amid Industry Furor

    Trudeau Poised to Advance Pipeline Amid Industry Furor(Bloomberg) — Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry.The prime minister’s cabinet is widely expected to give the go-ahead at a meeting Tuesday to the expansion of the Trans Mountain pipeline from Alberta to Vancouver that would add 590,000 barrels of daily shipping capacity, a 15% boost to Western Canada’s current 4 million. The project would still need to get local building permits, overcome legal challenges and likely face pushback from environmentalists.The expansion could be the last pipeline to get built under current permitting rules and would go a long way to improve investor sentiment on the Canadian energy sector. The industry’s outlook has grown increasingly gloomy as key conduits get delayed and two environmental bills stir fears that no other project will ever get off the ground. Investment in the oil sands is on track to decline for the fifth straight year as major foreign operators like Royal Dutch Shell Plc and Marathon Oil Corp. left for lower-cost areas.“Business leaders and people are saying that Canada is not open for business, and that certainly appears to be the case with the new bills coming through,” said Laura Lau, who helps manage about C$1.6 billion ($1.2 billion) at Brompton Corp. in Toronto. “Trans Mountain will help, but there will need to be a few other moves as well.”The industry has already been hit in recent years by the cancellation of TC Energy Corp.’s Energy East pipeline and Trudeau’s rejection of Enbridge Inc.’s proposed Northern Gateway conduit.Trans Mountain currently represents the sole made-in-Canada option — there are two other pipelines working their way through the U.S. regulatory process — to an industry that has been hamstrung by a lack of shipping capacity weighing on local heavy crude prices and preventing production increases.Trudeau’s government bought the pipeline last year from Kinder Morgan Inc. in a bid to save its expansion, only to see a court strike down the permit due to lack of consultations. That ruling set out a framework for the current approval by adding additional regulatory requirements and outlining the need for more consultation with indigenous communities.With a positive decision on Tuesday, the cabinet would ostensibly be certifying that enough has been done to pass legal muster.The project is crucial for Trudeau politically. His Liberals, heading into elections in October trailing in the polls, have staked much of their legacy on forging a grand bargain on resources. The idea is to be more pro-environment and supportive of indigenous concerns in order to win the “social license” for development.Up to now, the approach has mostly fired up opponents on both sides. In Alberta, there is deep anger toward Trudeau’s environmental policies and little trust in the government’s ability to manage the file, with many Albertans openly talking about separation.Critics have staged somewhat of an open revolt to two environmental bills working their way through Canada’s parliament this week. The most controversial is known as Bill C-69, which creates a new regime for approvals — referred to in Alberta as the “No-More Pipelines” law. The other is a ban on tanker traffic on the northern coast of neighboring British Columbia. Alberta’s government and the oil sector have actively lobbied to kill or heavily amend the legislation, without success.Meanwhile, the Trans Mountain expansion could potentially alienate voters in British Columbia, particularly as polls show Trudeau bleeding support to the Green Party.Legal ChallengesTuesday’s approval won’t end the legal challenges either. Another judicial review is expected on the latest permit, which will likely be decided on early next year. The government of British Columbia — which opposes the pipeline — is seeking a separate ruling from the Supreme Court on whether it can restrict oil shipments through the province.There is also work to be done in gaining support from indigenous groups, which the Trudeau government is attempting to do in part by making them stakeholders.“There is a lot of work ahead of us,” Hal Kvisle, chairman of ARC Resources Ltd., said in an interview on BNN Bloomberg. “The environmental groups will not let this go down easily,” said Kvisle, who is also the former chief executive officer of TransCanada Corp., now known as TC Energy.The government has said it eventually plans to sell the pipeline, and some combination of First Nations are likely to take a stake in the project along with private buyers such as pension funds.Even as some indigenous communities in British Columbia have voiced opposition to the pipeline, others are eager to own a stake in Trans Mountain. Project Reconciliation and Iron Coalition, groups formed by First Nations and Metis communities, have arisen to bid on a stake.The current lack of shipping options sent the industry into a crisis last year, when new production from a few major projects overwhelmed shipping capacity and U.S. refiners had a heavier-than-normal maintenance season. That left Canadian oil with nowhere to go, filling up storage tanks and sending prices to record lows.The crisis was only alleviated after the Alberta government mandated industry-wide output cuts that took effect this year. The move caused prices to rebound, but has limited how much drillers can produce.It’s unlikely that the Trans Mountain expansion would come in time to help alleviate the current bottleneck. While construction could begin this year, the project may not come into service until 2022 or 2023.(Corrects name of company in 15th paragraph to TC Energy.)To contact the reporters on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net;Kevin Orland in Calgary at korland@bloomberg.net;Robert Tuttle in Calgary at rtuttle@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Carlos Caminada, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • U.S. Stocks Move Higher Amid Optimism About Rate Cut

    With traders looking ahead to this week’s Federal Reserve meeting, stocks have moved mostly higher over the course of morning trading on Monday. The major averages are adding to the gains posted last week, with the tech-heavy Nasdaq showing a notable advance.

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  • Why Prince Harry’s Relationship With Cressida Bonas Was Better Than Meghan Markle Marriage

    Meghan Markle and Prince Harry had a whirlwind romance, and appear to have the perfect life following the arrival of baby Archie Harrison Mountbatten-Windsor. However, some believe the Duke of Sussex may have been happier if he married his ex-girlfriend Cressida Bonas.
    Harry and Cressida, who dated for two years before going their separate ways, reportedly had a deep connection during their romance.

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