Impact of WTO protests in Seattle still felt 2 decades later. Asian shares retreat after Trump approval of Hong Kong bill. Asian shares slide on weak Japan data; US markets closed.
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The Early Bird Newsletter

Friday, November 29th

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Impact of WTO protests in Seattle still felt 2 decades later
Politics

Impact of WTO protests in Seattle still felt 2 decades later

Nancy Haque worried about the conditions in sweatshops around the world. For Lynne Dodson, it was the possibility of attacks on public education. The plight of imperiled sea turtles got Lisa Wathne. An array of issues brought tens of thousands of protesters to Seattle 20 years ago Sat...

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Dilip Patel
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Asian shares retreat after Trump approval of Hong Kong bill

Asian shares were modestly lower Thursday after President Donald Trump signed a bill expressing support for human rights in Hong Kong. China reacted with indignation to the legislation, which Congress passed with overwhelming support. Beijing summoned U.S. Ambassador Terry Branstad fo...

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Asian shares slide on weak Japan data; US markets closed
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Asian shares slide on weak Japan data; US markets closed

Shares retreated further in Asia in thin holiday trading but there was no indication that worries over China-U.S. tensions might spark a “Black Friday” sell-off. U.S. markets were closed Thursday for the Thanksgiving holiday and will have a half-day session on Friday. J...

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Gerald Margolis
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Thai court fines Philip Morris $39.7 million for tax evasion

A court in Thailand on Friday found the local unit of tobacco giant Philip Morris guilty of evading taxes by under-declaring the value of cigarettes it imported from the Philippines. It ordered the company to pay a fine of 1.2 billion baht ($39.7 million). The Criminal Court found Phi...

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Eurozone unemployment’s falls to lowest rate since July 2008
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Eurozone unemployment’s falls to lowest rate since July 2008

Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain’s departure from the European Union. The European Union’s statistics agency...

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Aleksander Kwasniewski
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AP Interview: Ex-Polish president defends Biden and Burisma

Aleksander Kwasniewski, a former Polish president who is on the board of the Ukrainian gas company Burisma, said Thursday that Hunter Biden was indeed chosen to join its advisory board because of his name. He said that is simply how the world of business works. But Kwasniewski (kvash-...

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Panasonic leaves semiconductor business with Taiwan sale
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Panasonic leaves semiconductor business with Taiwan sale

Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co....

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India offers credits to boost Sri Lankan economy, security
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India offers credits to boost Sri Lankan economy, security

India offered a $400 million credit line to Sri Lanka for development of its infrastructure and economy during a visit Friday by the island nation’s newly elected president, Gotabaya Rajapaksa. Indian Prime Minister Narendra Modi also announced another $50 million credit line to help ...

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German jobless rate stays at 4.8% despite lackluster economy
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German jobless rate stays at 4.8% despite lackluster economy

Germany's unemployment rate was static at 4.8% in November as the labor market remained robust despite the lackluster performance of Europe’s biggest economy. The Federal Labor Agency said Friday some 2.18 million people were registered as unemployed, 24,000 fewer than the previous mo...

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Lebanon pays back $1.5 billion Eurobond amid economic crisis
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Lebanon pays back $1.5 billion Eurobond amid economic crisis

Lebanon paid back a Eurobond worth $1.5 billion that was scheduled to mature Thursday, a Finance Ministry official said, pacifying concerns of a first-ever default on its debt amid the worst financial crisis in three decades. The tiny Mediterranean country’s economic emergency has ign...

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Man City owners expand worldwide portfolio with Mumbai deal
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Man City owners expand worldwide portfolio with Mumbai deal

Manchester City’s Abu Dhabi ownership has expanded its portfolio of worldwide soccer clubs to eight by buying a majority stake in Indian Super League team Mumbai City FC.City Football Group says it has acquired 65% of the Indian club

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German court issues split rulings over VW diesel cheating
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German court issues split rulings over VW diesel cheating

A German appeals court has ruled in several lawsuits against automaker Volkswagen over software it used to cheat diesel emissions tests, saying consumers who bought the cars unknowingly deserve compensation but those who purchased them later don’t

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Pope taps former Bank of Italy exec to head watchdog agency
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Pope taps former Bank of Italy exec to head watchdog agency

Pope Francis has tapped a former Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network

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The Early Bird Stock Of The Day

Parker-Hannifin Corp

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions. This segment sells its products to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, including control actuation systems and components, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inserting systems, hydraulic systems and components, lubrication components, pneumatic control components, power conditioning and management systems, thermal management products, and wheels and brakes. This segment markets its products directly to original equipment manufacturers and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio.

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