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  • News
    The Canadian Press

    Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule

    KABUL, Afghanistan (AP) — Yunis Safi, a businessman in Kabul, knows very well the importance of showing off your phone if you want something done. “In Afghanistan, your phone is your personality,” he said, smiling, a jewel-encrusted ring on each hand. One boasts an emerald, the other a fat Russian diamond. “When you go to a meeting with the government, the better your phone, the more they respect you.” Safi runs a phone shop in the posh Shar-e-Naw neighborhood. An armed guard stands outside. The

  • Business
    Bloomberg

    Buffett-Favored Mitsui Rises After Announcing Share Buyback

    (Bloomberg) -- Shares in Mitsui & Co. extended gains after the Warren Buffett-backed Japanese trading house said it would repurchase as much as 200 billion yen ($1.3 billion) of equity to boost investor returns.Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapBinance and CZ’s Fortunes Are Set to Grow, Even in JailPot Stocks Surge on Rep

  • Business
    The Canadian Press

    Google and Apple now threatened by the US antitrust laws helped build their technology empires

    SAN FRANCISCO (AP) — The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving memories of the epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company. The parallels to the Justice Department's landmark antitrust case in 1998 could provide a window into the potential breakthroughs that could be unleashed if regulators succeed in their attempts to crack down on Googl

  • Business
    The Canadian Press

    Powell likely to signal that lower inflation is needed before Fed would cut rates

    WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed's benchmark rate, now at a 23-year high of 5.3% after 11 hikes that ended last July. Traders have sharply do