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Troubled Canada pipeline no longer profitable: budget watchdog
Troubled Canada pipeline no longer profitable: budget watchdog
by  AFP

The controversial Trans Mountain pipeline expansion project, now under construction in western Canada after being nationalized, is no longer profitable as costs have spiralled, Parliament's budget watchdog said Wednesday. Ottawa purchased the pipeline for Can$4.4 billion (US$3.4 billion) from Kinder Morgan four years ago to salvage the troubled expansion project.

US could face more inflation 'surprises': Fed's Powell
US could face more inflation 'surprises': Fed's Powell
by  AFP

The US economy is strong but faces an "uncertain" global environment and could see further inflation "surprises," Federal Reserve Chair Jerome Powell said Wednesday. The Fed is facing intense criticism that it was too slow to react to the changing economy, which benefited from a flood of federal government stimulus.

Google agrees to pay for Wikipedia content
Google agrees to pay for Wikipedia content
by  AFP

Google has agreed to pay Wikipedia for content displayed by its search engine, mirroring deals the US tech giant has struck with news outlets in Europe. French regulators and Google on Tuesday ended a years-long dispute by agreeing a framework for the US firm to pay news outlets for content.

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