Economy

China threatens to abandon trade deal if U.S. imposes tariffs

China threatens to abandon trade deal if U.S. imposes tariffs

Ross had been expected to seek clear commitments from Beijing to boost Chinese imports of United States products in areas such as energy and agriculture. The purchases are partly aimed at shrinking...

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Facebook gave phone makers access to user data

Facebook gave phone makers access to user data

In early April, Facebook estimated that the number of users affected by the data leak was around 87 million. Who still has access and why? "Given that these APIs enabled other companies to rec...

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It’s official: Microsoft has acquired GitHub for $7.5 billion

Microsoft's own developers are regular GitHub users-in 2016, it ranked as the organization with the most contributors to the site . Apparently, this isn't the first time that Microsoft has consid...

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WWDC 18: Watch Apple map out the future of iOS and macOS

WWDC 18: Watch Apple map out the future of iOS and macOS

The event tends to be the second biggest Apple get-together of the year, behind its September iPhone launch event. The company will be live streaming the event on its website and Apple TV. The...

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Merkel comments on Eurozone reform show move

Merkel comments on Eurozone reform show move

After months of dithering, the German chancellor came up with lukewarm compromises on nearly every issue, as she faces political balancing acts at home and overseas. Macron had proposed a joint budge...

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Trump considers reversing ZTE ban as part of Chinese trade battles

Trump considers reversing ZTE ban as part of Chinese trade battles

USA agriculture sold $20 billion worth of products to China a year ago, sales put at risk in the current trade dispute between the US and China. On May 19, China and the U.S. This was considered a s...

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Deutsche Bank (DB) Trading Down 2.5%

Deutsche Bank (DB) Trading Down 2.5%

Many of you are sick and exhausted of bad news . The addition of Deutsche Bank's federally insured USA business to the list accounted for the shift in assets, the Financial Times reported citin...

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Google not to renew contract for Project Maven

Google not to renew contract for Project Maven

Greene said Google chose to work on Project Maven "at a time when Google was more aggressively pursuing military work", Gizmodo reported . Leaked internal emails also revealed that Googl...

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FCA to keep Chrysler alive through 2022, but no new models?

FCA to keep Chrysler alive through 2022, but no new models?

In the past, FCA management has said that automakers lose money producing electric vehicles, which are also expensive for consumers. And Jeep and Maserati executives said a shift to electrification ma...

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Sears announces another round of store closures

Sears announces another round of store closures

In 2014, the former retail titan closed its flagship store in Chicago - where it once called Sears Tower home . Shares were down more than 3 percent before the opening bell. In January 2016, ther...

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U.S. slaps tariffs on EU, Canada, Mexico, Europe News & Top Stories

U.S. slaps tariffs on EU, Canada, Mexico, Europe News & Top Stories

Canadian Foreign Minister Chrystia Freeland had traveled to Washington on Tuesday to discuss the issue, among other matters, with U.S. Trade Representative Robert Lighthizer. "We continue to be qui...

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World economy returns to pre-crisis levels as unemployment drops, OECD reports

In terms of investment, the worldwide body said that, after four years of decrease, it will return to growth for 4.5 percent in 2018. Political uncertainty in Italy as it struggles to form a governm...

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U.S. job growth accelerates, unemployment rate drops to 3.8%

U.S. job growth accelerates, unemployment rate drops to 3.8%

Forecasters had expected 190,000 new jobs in May, but figures for nonfarm payrolls released today showed that 223,000 had been added . Over the year, unemployment has fallen by 0.5 per cent. "Overa...

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'Troubled' Deutsche Bank backed by key investor after S&P downgrade

The Fed is Deutsche Bank's main regulator in... This comes after a ratings downgrade and a share price slide in the wake of a report saying the U.S. "Deutsche Bank intends to vigorously defend tho...

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Ticketfly takes websites offline after hack and ransom demand

Ticketfly takes websites offline after hack and ransom demand

More concerningly, the hacker said they had access to a database which reportedly stores details of the venues, festivals and promoters who use Ticketfly . The incident has affected venues and even...

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Google Won't Seek to Renew Pentagon Contract After Internal Backlash

Google Won't Seek to Renew Pentagon Contract After Internal Backlash

Over the last few months, Google's faced nonstop backlash for partnering with the United States Pentagon to work on an AI system that can swiftly identify people and points of interest from drone foot...

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Italian election won't be referendum on euro: Germany's Scholz

Italian election won't be referendum on euro: Germany's Scholz

Milan's stock index has opened higher after Italy's populists put an end to three months of political gridlock and formed a government, staving off the threat of new elections that could have ...

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Southwest Airlines investigating claims a passenger was masturbating

Southwest Airlines investigating claims a passenger was masturbating

Southwest Airlines Flight #1250 landed in San Jose around 4:10 p.m. after pilots thought there was an in-air emergency, due to the smell of smoke in the plane's cockpit. "It looked like someone needed...

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Uber CEO Dara Khosrowshahi wants investment from Warren Buffett

Uber CEO Dara Khosrowshahi wants investment from Warren Buffett

Buffett himself confirmed to CNBC that earlier this year he was discussing the investment with the Uber CEO Dara Kosroushahi, who was in the process of rebranding the company. But the deal's ult...

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San Francisco subpoenas Uber, Lyft for driver wage information

San Francisco subpoenas Uber, Lyft for driver wage information

If the city finds that state standards are not being met, actions by the city or lawsuits challenging the companies' current employment classification of its drivers as independent contractors will "a...

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Trade war: ‘Europe United’ as European Union and Mexico respond to U.S. tariffs

Gareth Stace, of manufacturer UK Steel, said: 'President Trump had already loaded the gun and we now know that the U.S. has unfortunately fired it, potentially starting a damaging trade war. U.S. St...

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Some Starbucks stores to close Tuesday for diversity training

Some Starbucks stores to close Tuesday for diversity training

According to Dr Victor Sojo from the University of Melbourne, while sessions can successfully teach people about diversity and help them to modify their behaviour, the effects generally don't last fo...

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United States allies vow to retaliate over Trump's metal tariffs

United States allies vow to retaliate over Trump's metal tariffs

Besides the United States steel and aluminum tariffs , the Trump administration is also investigating possible limits on foreign cars in the name of national security. But the NAFTA talks stalled...

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Italy's Populist Parties Win Approval to Form Government

Italy's Populist Parties Win Approval to Form Government

Cottarelli would appease financial markets but his administration may not get sufficient parliamentary support, meaning such a cabinet would remain in office as a caretaker for some months until a ne...

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Petrol price cut by 7 paise, diesel by 5 paise

Petrol price cut by 7 paise, diesel by 5 paise

As mentioned before, fuel prices have been increasing consistently for the past sixteen days , since May 14, 2018. The straight fuel price hike has caused inconvenience and disappointment among the...

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U.S. to impose steel, aluminum tariffs on EU, Canada, Mexico

The US decision to enact the steel and aluminum tariffs comes after European Union trade commissioner Cecilia Malmström and US Commerce Secretary Wilbur Ross met in Paris on Wednesday . By increasi...

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Canada's oil pipeline purchase sparks protest in Seattle

Canada's oil pipeline purchase sparks protest in Seattle

Canada's Chamber of Commerce, which represents Canadian businesses, said they support moving forward with the pipeline expansion project. "All of these things provided a very good beginning p...

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Federal Bureau of Investigation warns of cyber threat targeting small businesses, reboot your router

Federal Bureau of Investigation warns of cyber threat targeting small businesses, reboot your router

Hundreds of thousands have been infected with malware in the latest cyber threat . The malware reportedly targets several manufacturers and network-attacked storage (NAS) devices by at least one ma...

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Starbucks closing 8,000 coffee shops Tuesday for racial-bias training

Starbucks closing 8,000 coffee shops Tuesday for racial-bias training

The move comes after the firm had to apologise over last month's arrest of two black men who were waiting to meet someone in a Starbucks in Philadelphia . "I've seen some new faces so those may be pe...

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Trump ramps up pressure to get North Korea summit on track

Trump ramps up pressure to get North Korea summit on track

As a part of the rapprochement in advance of their April meeting, the two sides set up a direct phone line to improve communications and de-escalate any potential problems with direct dialogue. Koh Yu...

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Crude oil futures fall 0.31% on weak global cues

Crude oil futures fall 0.31% on weak global cues

Brent crude futures were up 24 cents, at $79.81/Bbl by 2:29 p.m. ET, rebounding from a brief slide after the EIA data. Brent crude futures were down $1.22 at $78.35 US a barrel mid-morning, while...

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Memorial Day Travelers Met with High Gas Prices

Memorial Day Travelers Met with High Gas Prices

If you are driving somewhere, experts say the sooner you leave, the better. The national average for a gallon of unleaded gasoline, which now stands at $2.96, has jumped 19 cents over the last month...

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Trump Says NFL Owners' Anthem Protest Ban Doesn't Do Enough

Trump Says NFL Owners' Anthem Protest Ban Doesn't Do Enough

Until today I believed that numerous owners I've met in the past to be good and decent people too. "I brought it out". NFL players unwilling to stand for the national anthem should be barred from pl...

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Tesla driver issued citation after crash involving 'autopilot' technology

Tesla driver issued citation after crash involving 'autopilot' technology

The Tesla driver suffered a broken right foot and Unified Fire truck driver was checked for whiplash, but not taken to a hospital, according to police. During the driver's trip, she reportedly toggled...

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Kroger, Ocado join forces as battle with Amazon heats up

Kroger, Ocado join forces as battle with Amazon heats up

According to a press release issued by Ocado , it is already working with Kroger to identify three sites in the U.S. for new, automated warehouse facilities. Ocado uses purpose-built robots, whi...

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