Economy

Relief from the United States and China’s trade agreement - Danske Bank

Relief from the United States and China’s trade agreement - Danske Bank

The White House then moved to add 10 percent tariffs to an additional $200 billion of China's products, threatening to raise the amount to 25 percent on January 1 if Beijing didn't agree to Trump...

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U.S. stocks surge after Fed chair's comments on interest rates

U.S. stocks surge after Fed chair's comments on interest rates

On October 3, he said rates were "a long way" from neutral levels. Investors had been anxious that too many rate hikes at too fast a pace would raise the cost of borrowing across the board, from mortg...

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Qatar pulls out of Opec oil producers' cartel

Qatar pulls out of Opec oil producers' cartel

Qatar announces it was withdrawing from the Organization of Petroleum Exporting Countries "OPEC" effective 1 January 2019. Qatar is the world's biggest exporter of liquified natural gas and has been...

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New Mazda3 Might Get All-Wheel Drive And A Manual Together

New Mazda3 Might Get All-Wheel Drive And A Manual Together

He didn't give a reason but Mazda has previously stated challenges of low sports vehicle volumes and high emissions of powerful rotary engines. "Therefore, we not planning for MPS in the future", he...

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GM's Cruise Autonomous Driving Division Names Dan Ammann as New CEO

GM's Cruise Autonomous Driving Division Names Dan Ammann as New CEO

There were some signs this year that GM may be setting Ammann up for the top spot at Cruise. Cruise's current CEO, Kyle Vogt, will become president and CTO. The vehicles utilized by the program are ...

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SEC Charges Floyd Mayweather and DJ Khaled Over Initial Coin Offerings

SEC Charges Floyd Mayweather and DJ Khaled Over Initial Coin Offerings

Moreover, both Mayweather and Khaled failed to disclose that content connected to ICO they were publishing on their social media channels was paid for by the companies conducting those crowdfundings...

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Search of Deutsche Bank offices continues in German 'Panama Papers' probe

Search of Deutsche Bank offices continues in German 'Panama Papers' probe

The operation is targeting two staff members who are alleged to have set up off-shore firms for clients to launder money from criminality. The raid of Germany's biggest bank with assets worth approxim...

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EV charging from Tesco and VW to make shopping sustainable

EV charging from Tesco and VW to make shopping sustainable

A company called Podpoint will build the charging facilities for VW and Tesco . There are plenty of electric cars around at the moment, like the Volkswagen e-Golf we've been running - with more d...

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Sterling slides as UK Brexit vote clouds outlook

Sterling slides as UK Brexit vote clouds outlook

Powell indicated that the USA interest rate was "just below" neutral, and that it would not rise too far above neutral. Instead, traders dealt with the matter at hand where massive re-positioning was ...

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Former Autonomy boss Lynch to fight United States fraud charges

Former Autonomy boss Lynch to fight United States fraud charges

Lynch faces up to 20 years in prison if he is successfully convicted on the 14 charges of conspiracy and fraud in a case filed by prosecutors in a federal court on Thursday. "Mike Lynch will not be ...

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World waits to see if Trump, Xi reach 'ceasefire'

World waits to see if Trump, Xi reach 'ceasefire'

Despite months of complaints by the United States and the USA imposing tariffs on about $250 billion worth of Chinese goods, Beijing "has not fundamentally alerted its unfair, unreasonable, and market...

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SEC Settles Up With Big Celebrities Over Promoting Crypto

SEC Settles Up With Big Celebrities Over Promoting Crypto

Centra Tech Inc . reportedly paid Mayweather a hefty promotional payment of $100,000. In April , Centra's founders were indicted for fraud , with the SEC saying that many of their claims were "sim...

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In China, your car could be talking to the government

In China, your car could be talking to the government

However, Ding also noted that this doesn't mean the government can't track citizens and their vehicles. "Tesla could have it, but why do they transmit it to the government?" Under Xi's leadership, Chi...

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Nissan reveals Leaf Nismo RC race auto that won't actually race

Nissan reveals Leaf Nismo RC race auto that won't actually race

Nissan in 2011 graced us with a race auto concept based on the first-generation Leaf electric hatchback. Nissan built the concept to draw attention to the seemingly untapped performance potential o...

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Traces of poo found on every McDonald’s touchscreen tested

Traces of poo found on every McDonald’s touchscreen tested

London Metropolitan University Dr Paul Matawele said he was "surprised" by the results and added the faecal and gut bacteria cause "the kind of infections that people pick up in hospitals". In two bra...

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German pharmaceutical company Bayer cutting 12,000 jobs

German pharmaceutical company Bayer cutting 12,000 jobs

The German drug giant explained that the measures will include a reduction of around 12,000 of 118,200 jobs worldwide. Another 1,100 will be cut in Bayer's consumer health division. Today, the local c...

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Microsoft briefly dethrones Apple as the most valuable USA company (AAPL, MSFT)

Microsoft briefly dethrones Apple as the most valuable USA company (AAPL, MSFT)

Microsoft briefly surpassed Apple as the most valuable USA company. Microsoft briefly overtook Apple's market value during trading hours, but as of writing, it's a bit of a wash. Rich Ross, a tec...

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Japanese Pilot Arrested In UK Over Alcohol

Japanese Pilot Arrested In UK Over Alcohol

The drink-drive limit in England, Wales and Northern Ireland is 35mg. On November 1, he pleaded guilty to being over the alcohol limit at Uxbridge Magistrates' Court, and had remained in custody ahe...

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Marriott Reveals Massive Customer Data Breach

Marriott Reveals Massive Customer Data Breach

The company said its investigation showed that an unauthorized party had copied and encrypted information, and that there had been unauthorized access to the Starwood network since 2014. "We know ther...

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Fed Chair’s comments on slower hikes to boost EMs

Fed Chair’s comments on slower hikes to boost EMs

In a speech that comes in the wake of another volatile market selloff, Powell offered few clues on how much longer the US central bank would continue tightening policy but he did say the policy rate, ...

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World stocks and bonds rise as market prices in more dovish Fed

World stocks and bonds rise as market prices in more dovish Fed

US stocks had enjoyed a strong rally on Wednesday after Powell said USA interest rates were "just below" neutral, less than two months after saying rates were probably "a long way" from that point. US...

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US Marine veteran folds fallen American flag while working FedEx route

A woman posted a video her home surveillance captured of a FedEx employee going above and beyond when an American flag fell on the ground in a Maryland neighborhood. "He did this not knowing anyone ...

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Marriott says up to 500 million guests affected by hack

Marriott says up to 500 million guests affected by hack

The scale of the breach is enormous. "The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it", Marriott said in a sta...

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How Payless Got People to Pay Hundreds for Its Shoes

How Payless Got People to Pay Hundreds for Its Shoes

The influencers were given their money back and got to keep the shoes for free. As it turns out, Palessi was simply an extension of Payless and the "high-end shoes", priced from $200 to $600, were act...

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Adani's Carmichael mine, rail project to be financed through group's resources

Adani's Carmichael mine, rail project to be financed through group's resources

Dow said construction and operation of the mine will now begin. Adani Mining, led by billionaire Gautam Adani, said it looks to downsize the initial phase of the project and reduce capital requireme...

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BMW Fact-Checks Trump On ‘Major New Plant,’ Which Hasn't Been Finalized

BMW Fact-Checks Trump On ‘Major New Plant,’ Which Hasn't Been Finalized

In his latest attack, Mr Trump pointed to the 25% duty on imported pickup trucks and commercial vans from markets outside North America as supporting the industry. "As the President has repeatedly not...

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Canada on track for Friday signing of USMCA once details finalized: Freeland

Canada on track for Friday signing of USMCA once details finalized: Freeland

Trudeau raised the tariff issue with Trump before the three leaders emerged together for the signing ceremony, said officials in the Prime Minister's Office. All of our countries will benefit greatly....

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Canada sanctions 17 Saudis linked to Khashoggi killing

Canada sanctions 17 Saudis linked to Khashoggi killing

Newsweek and other news organizations are reporting that at least five of the Republican senators who voted against ending support for the Saudi-led war in Yemen received donations from Saudi lobbyis...

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Stock market may be 'over interpreting' Fed Chair Powell's speech

Stock market may be 'over interpreting' Fed Chair Powell's speech

Investors took the comments as a shift toward a more dovish stance on interest rates, pushing the Dow Jones Industrial Average up more than 600 points. The minutes and Powell's comments did have one...

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7.1% GDP growth in Q2 'disappointing': Subhash Chandra Garg

7.1% GDP growth in Q2 'disappointing': Subhash Chandra Garg

The rate of economic growth in the same quarter past year had been 6.3 per cent. GDP at constant (2011-12) prices in the second quarter of 2018-19 is estimated at Rs. However, the manufacturing activi...

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Fed minutes: Further hike

Fed minutes: Further hike "warranted soon", debate opened on pause

Stocks and interest-rate futures jumped, even while economists wrestled to interpret whether Powell meant to send a message or was simply misunderstood. rates are a "long way" from neutral. After mi...

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Trump joins Canada, Mexico leaders to sign new trade pact

However, after a deal was agreed in principle on 30 September, Mexican President Pena Nieto hailed it as a "win-win-win". Mr Trudeau added that "the benefits of free trade must be broadly and fairly...

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USMCA: Trump Signs New Trade Agreement With Mexico And Canada

USMCA: Trump Signs New Trade Agreement With Mexico And Canada

The USMCA deal emerged in early October, months after President Trump hit Mexico and Canada with tariffs on their steel and aluminum products. He also says once a deal is signed it still must be rat...

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What is the G20 summit and why does it matter?

What is the G20 summit and why does it matter?

Under the administration of President Donald Trump , Washington has taken a harder line towards Beijing, especially on trade, and has insisted that the pressure will not relent until China comes ...

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Ohio Senators speak up in wake of GM plant closings

Ohio Senators speak up in wake of GM plant closings

In doing so, though, the president repeated his frequent false claim that steel plants are opening all over the country. Yesterday, GM noted its own investments in the industry and said it's gratefu...

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