June 22nd, 2018

Business

Police: Backup driver in fatal Uber crash was distracted

By Tom Krisher And Jacques Billeaud, The Associated Press on June 22nd, 2018

PHOENIX – The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday night by police in Tempe revealed that driver Rafaela Vasquez had been streaming the musical ... Read More »

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Justices adopt digital-age privacy rules to track cellphones

By Mark Sherman, The Associated Press on June 22nd, 2018

WASHINGTON – The Supreme Court ruled Friday that police generally need a search warrant if they want to track criminal suspects’ movements by collecting information about where they’ve used their cellphones, bolstering privacy interests in the digital age. The justices’ 5-4 decision marks a big change in how police may obtain cellphone tower records, an ... Read More »

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BlackBerry Q1 revenue, adjusted earnings beat estimates but stock falls

By David Paddon, The Canadian Press on June 22nd, 2018

TORONTO – BlackBerry Ltd. shares sank almost 10 per cent to their lowest levels in weeks on Friday, despite beating analysts’ estimates and reporting a solid start to its 2019 financial year. The company’s stock was trading at $14.05, down $1.56, or 9.99 per cent, in late morning trading on the Toronto Stock Exchange. The ... Read More »

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Stock indexes up sharply in Toronto, New York; Canadian dollar down

By The Canadian Press on June 22nd, 2018

TORONTO – Canada’s main stock index was up sharply in late morning trading, with energy and mining stocks providing much of the lift. The Toronto Stock Exchange’s S&P/TSX composite index was up 143.10 points to 16,478.25, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 133.10 points to 24,594.80. ... Read More »

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Justices adopt new privacy rules for cellphone tracking

By Mark Sherman, The Associated Press on June 22nd, 2018

WASHINGTON – The Supreme Court says police generally need a search warrant if they want to track criminal suspects’ movements by collecting information about where they’ve used their cellphones. The justices’ 5-4 decision Friday is a victory for privacy in the digital age. Police collection of cellphone tower information has become an important tool in ... Read More »

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Report: Uber driver streaming “The Voice” just before crash

By The Associated Press on June 22nd, 2018

TEMPE, Ariz. – The human backup driver in an autonomous Uber SUV was streaming the television show “The Voice” just before the vehicle struck and killed an Arizona pedestrian in March, according to a published report. The Arizona Republic reported that the driver was streaming the musical talent show on Hulu in the moments before ... Read More »

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Greek financial markets rally on deal paving to bailout exit

By Nicholas Paphitis, The Associated Press on June 22nd, 2018

ATHENS, Greece – Greece’s financial markets rallied Friday on news that the country’s creditors have agreed to debt relief measures that pave the way for an end to the nation’s eight-year bailout program in two months. Bond markets rose, leading to a drop in the government’s borrowing rates. The yield on Greece’s benchmark 10-year bond ... Read More »

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EU lawmakers miffed over new Facebook snub

By The Associated Press on June 22nd, 2018

BRUSSELS – European Union lawmakers are unhappy that Facebook is refusing to comply with their request to send two senior officials to testify at a hearing into the Cambridge Analytica data scandal. The EU parliament’s Civil Liberties Committee wants to question Facebook’s chief privacy officer and the vice-presidents for advertisements and global public policy. The ... Read More »

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Here’s a list May inflation rates for Canadian provinces, territories

By The Canadian Press on June 22nd, 2018

OTTAWA – Canada’s national annual inflation rate was 2.2 per cent in May, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 1.8 per cent (1.5) – Prince Edward Island: 2.4 (2.2) – Nova Scotia: 2.3 (2.8) – New Brunswick: 2.1 (2.2) – Quebec: 1.7 (1.7) – ... Read More »

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Here’s a list of May inflation rates for selected Canadian cities

By The Canadian Press on June 22nd, 2018

OTTAWA – Canada’s national annual inflation rate was 2.2 per cent in May, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 1.6 per cent (1.5) – Charlottetown-Summerside: 2.5 ... Read More »

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Higher energy prices keep inflation at 2.2%; core measure dips back below 2%

By Andy Blatchford, The Canadian Press on June 22nd, 2018

OTTAWA – The country’s annual inflation rate rose 2.2 per cent in May for the second straight month as the higher cost of energy applied upward pressure on prices, Statistics Canada said in a new report Friday. The latest inflation reading followed the 2.2 per cent number for April and 2.3 per cent for March, ... Read More »

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