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WASHINGTON -- President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they're needed for more important long-term benefits. He contended he does not fear a recession but is nonetheless considering new tax cuts to promote growth. Source

BEIJING -- Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. Source

NEW YORK -- Walmart sued Tesla for "gross negligence" on Tuesday, saying that the electric car company's energy division installed solar panels that went up in flames on its store rooftops. The retailer said fires broke out at seven store rooftops between 2012 and 2018, causing millions of dollars in damage. Source

NEW YORK -- Hasbro is giving plastic packaging the boot. The toy maker said Tuesday that all its packaging for new products will be mostly plastic free by the end of 2022. It plans to stop using plastic bags, elastic bands and the shrink wrap that's usually found around Monopoly, Scrabble and other board games. Source

Walmart Inc. on Tuesday sued Tesla Inc., accusing it of "widespread negligence" that led to repeated fires of its solar panel systems and asking a court to force Tesla to remove panels from more than 240 of its U.S. Source

TransUnion says a spike in borrowing over the past year has led millennials to overtake boomers in total debt holdings as part of a generational shift. The credit reporting agency says total millennial debt was up by 12.3 per cent at mid-year compared with a year ago to hit $515.9 billion, just ahead of the $514.3 billion owed by boomers but still behind the $767.4 billion held by Gen X. Source

Alberta is increasing the oil curtailment limit from 10,000 to 20,000 barrels per day, while extending the curtailment to December 2020. The policy was initially supposed to end in December of this year, but the government cited factors like the Line 3 pipeline delay as contributing to the decision. Source

Transat A.T. Inc. repeated its recommendation that shareholders support a takeover offer for the company by Air Canada after Pierre Karl Peladeau hinted he may make an offer. The travel company says it has never received an offer from Peladeau or any of his business associates to acquire Transat. Source

TORONTO -- Trade uncertainty may weigh on the Canadian banks' upcoming financial results, but strong employment numbers on both sides of the border and a continued boost from their international footprints will likely result in a "solid" quarter, analysts say. Source

OTTAWA - Statistics Canada says manufacturing sales fell 1.2 per cent to $58 billion in June, led lower by a drop in the petroleum and coal product and food industries. Economists on average had expected a drop of 1.7 per cent for the month, according to the financial markets data firm Refinitiv. Source