Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more
Amazon to cut Whole Foods prices amid intense grocery turf war
U.S. FTC clears Amazon acquisition of Whole Foods
Washington | Reuters — The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com’s planned US$13.7 billion acquisition of Whole Foods Market. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation […] Read more
Mexico, Canada dismiss Trump threats to scrap NAFTA
Mexico City/Ottawa | Reuters — Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s threat to scrap NAFTA, describing it as a negotiating tactic designed to gain an advantage during talks to update one of the world’s biggest trading blocs. In comments that initially pushed Mexico’s peso currency down by more than one per […] Read more
EU starts in-depth probe of Bayer-Monsanto deal
Brussels/Frankfurt | Reuters — The European Commission has started an in-depth investigation of Bayer’s planned US$66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets. The deal would create the world’s largest integrated pesticides and seeds company, the Commission said, adding this limited the number […] Read more
NAFTA negotiators hone in on origin rules, dispute settlement
Washington | Reuters — U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system. A copy of the NAFTA negotiating agenda obtained by Reuters […] Read more
U.S. takes tough lines as NAFTA negotiations begin
Washington | Reuters — The United States drew a hard line for renegotiating the North American Free Trade Agreement on Wednesday, demanding major concessions aimed at slashing U.S. trade deficits with Mexico and Canada and boosting U.S. content for autos. At the start of talks in Washington, U.S. President Donald Trump’s top trade adviser, Robert […] Read more
Options weighed for AgriRecovery in B.C. fire zones
Officials in British Columbia are now gauging what sorts of damages and expenses can be covered through an AgriRecovery plan for ranchers and farmers affected by wildfires. The federal and B.C. governments announced Wednesday they’re “working together to quickly assess the extraordinary costs farmers are incurring and what additional assistance may be required to recover […] Read more
Harvest weather outlook offers reasons to cheer
CNS Canada — Farmers on the Prairies can expect decent weather for this harvest season, according to Drew Lerner, meteorologist and founder of World Weather Inc. Most farmers will experience periodic showers, he said, but shouldn’t be subjected to the continual drizzles and sheets of rain that caused heartaches last year. “Most of the Prairies […] Read more
Canada suggests it could quit NAFTA talks over dispute mechanism
Ottawa | Reuters –– Canada laid down a tough line ahead of talks on modernizing NAFTA on Monday, suggesting it could walk away if the U.S. pushed to remove a key dispute-settlement mechanism in the trade deal. Foreign Minister Chrystia Freeland, giving the most substantive outline yet of Canada’s goals, said she was “very optimistic” […] Read more
Ahead of NAFTA talks, Canada says dispute mechanism essential
Ottawa | Reuters — An effective dispute settlement mechanism is essential in any trade agreement, Canada’s foreign affairs minister said on Friday, less than a week before the first round of negotiations on the North American trade pact. Canada’s desire to include a dispute settlement mechanism in a renegotiated North American Free Trade Agreement (NAFTA) […] Read more
Cyber-Savvy Farmer
