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Major Florida grower plans to build new community after ending citrus operations

FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, Inc. said it has filed ...
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Is Spotify down? Thousands of users report problems with the music streaming app

NEW YORK (AP) — Spotify appeared to be experiencing widespread technical issues Wednesday morning — with tens of thousands of users reporting problems with the popular music and audio streamer. Many of those users said they were having difficulty loading both the app and website, ...
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Tesla’s first-quarter registrations in California fell 15%, industry data shows

(Reuters) – Tesla’s electric vehicle registrations in California dropped 15.1% during the first quarter, according to industry data, signaling growing challenges for the Elon Musk-led automaker in the crucial U.S. market.(Reporting by Akash Sriram in Bengaluru; Editing by Shounak ...
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Ford’s China business made $900 million last year

By Nora Eckert DETROIT (Reuters) -Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said on Wednesday. John Lawler, Ford’s vice chair and former chief financial officer, gave a ...
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WTO slashes 2025 trade growth forecast, warns of deeper slump

By Olivia Le Poidevin and Philip Blenkinsop GENEVA (Reuters) – The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline on Wednesday, saying further U.S. tariffs and spillover effects could lead to the ...
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US crude stocks rise, gasoline and distillate inventories fall – EIA

NEW YORK (Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, the EIA ...
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US business inventories rise moderately in February

WASHINGTON (Reuters) – U.S. business inventories increased slightly in February amid strong sales growth likely as households stocked up on goods ahead of tariffs on imports. Inventories rose 0.2% after climbing 0.3% in January, the Commerce Department’s Census Bureau said on ...
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US manufacturing output slows in March; tariffs cloud hangs over factories

WASHINGTON (Reuters) – U.S. manufacturing production rose moderately in March and could decelerate further amid President Donald Trump’s global tariffs, which have sparked a trade war with China. Factory output increased 0.3% last month after an upwardly revised 1.0% rebound in ...
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Analysis-Argentina’s FX gamble reaps early wins. Now for the hard part

By Rodrigo Campos and Miguel Lo Bianco NEW YORK/BUENOS AIRES (Reuters) – Argentina’s libertarian President Javier Milei rolled the dice this week on a major economic swerve, tearing down currency controls that had been in place for almost six years to ...
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Bank of Canada says US tariffs could trigger deep recession

OTTAWA, April 16 (Reuters) – If U.S. tariffs trigger a global trade war, inflation in Canada would spike and the country would enter a deep recession, according to a Bank of Canada scenario released on Wednesday. Citing the high level of uncertainty, the central bank ...
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FULL TEXT- Bank of Canada holds key policy rate at 2.75%

OTTAWA, April 16 (Reuters) – The Bank of Canada released the following statement on Wednesday: “The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “The major shift in direction ...
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Bank of Canada holds rates, says tariffs could cause deep recession

By Promit Mukherjee and David Ljunggren OTTAWA, April 16 (Reuters) – The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic ...
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