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Canada shares higher at close of trade; S&P/TSX Composite up 0.13%

Investing.com – Canada equities were higher at the close on Wednesday, as gains in the IT, Clean Technology and Materials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.13% to hit a new 6-month high. The biggest gainers of the session on the S&P/TSX Composite were Jamieson Wellness Inc (TSX:JWEL), which rose 7.32% or...

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France orders tech giants to pay digital tax

PARIS (Reuters) - The French Finance Ministry has sent out notices to big tech companies liable for its digital service tax to pay the levy as planned in December, the ministry said on Wednesday. France suspended collection of the tax, which will hit companies like Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN), early this year while negotiations were underway at the Organisation for Economic...

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U.S. Consumer Spending Rose in October While Incomes Declined

(Bloomberg) -- U.S. household spending rose more than expected in October while incomes declined, indicating consumers may have less wherewithal to keep driving the economy amid a surging coronavirus and lack of fresh government aid. Purchases increased 0.5% from the prior month, following a 1.2% gain in September, a Commerce Department report showed Wednesday....

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Reduced to meeting online, airlines vow to keep fighting

By Laurence Frost PARIS (Reuters) - For an industry that prides itself on bringing people together, it was a particular humiliation for airlines to have to resort to video conferencing for their annual industry meeting this week - and not one they are ready to repeat. Brought to their knees by the COVID-19 pandemic and struggling to convince governments to replace quarantines...

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Dow Slips on Weak Jobs Data; Slack Jumps on Reports of Takeover Talks

By Yasin Ebrahim The Dow slipped Wednesday, a day after hitting an unprecedented high, as data pointing to trouble in the jobs market renewed focus on the impact of the pandemic. The Dow Jones Industrial Average fell  0.45%, or 135 points, after rising past the 30,000 level on Tuesday. The S&P 500 was down 0.12%, while the Nasdaq Composite added 0.44%. The U.S...

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Europe’s largest tech conference to return as in-person event in 2021

By Catarina Demony LISBON (Reuters) - Europe's biggest technology conference, the Web Summit, will return to Lisbon in full force as a massive in-person event in 2021 after the coronavirus pandemic forced it to go fully online this year. "The venue is booked," the conference's founder Paddy Cosgrave told Reuters on Wednesday in an interview. "I think by November (next year) the...

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