• China slams senior US official's remarks on trade dispute
China slams senior US official's remarks on trade dispute

U.S. Trade Representative Robert Lighthizer last week listed thousands of additional Chinese products that could face 10 percent tariffs - valued as much as $200 billion - as early as September. Kudlow's calls for steady or increasing growth in the coming cycle comes up against broad-market expectations of a mild downturn in 2019 and beyond, but Ku...

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  • Trump Trade War- China vows to adopt countermeasures
Trump Trade War- China vows to adopt countermeasures

China has previously prevailed in WTO dispute settlement against the United States in a successful challenge to restrictions on steel imports imposed under President George W. China's economic growth slowed in the second quarter of 2018 as the trade war with the US intensified, according to Reuters . "We have noted relevant reports".

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  • 'Sterling will suffer in short term': June inflation unchanged at 2.4%
'Sterling will suffer in short term': June inflation unchanged at 2.4%

However, although the price of gas and electricity increased, and petrol prices rose to their highest level since September 2014, the cost of clothing and computer games fell. The Consumer Prices Index including owner occupiers' housing costs (CPIH) remained at 2.3% in June 2018 and has steadied from its recent high of 2.8% in autumn 2017.

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  • West Oxfordshire MP resigns from government over Brexit plan
West Oxfordshire MP resigns from government over Brexit plan

The prime minister survived a backbenchers' rebellion demanding a customs union deal with the EU - but lost a separate vote demanding free flow of medicines across Europe post-Brexit. On Friday, she will give a speech in Belfast about the government's Brexit White Paper and how it addresses the Irish border issue. In response to that, Mr Jones ur...

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  • Rupert Murdoch gets go-ahead to bid for all of Sky
Rupert Murdoch gets go-ahead to bid for all of Sky

RBC Capital Markets analyst Steven Cahall issued a report today noting that, with the bid for Sky, Comcast may be choosing sides as the cable giant simply can't afford both acquisitions. U.S. media giant Comcast threw its hat into the ring in February with a £22bn offer for Sky, trumping an offer from Fox, and starting a bidding war.

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  • Are gasoline prices in the USA really too high?
Are gasoline prices in the USA really too high?

The UAE was the fourth largest Opec producer with 2.89 million barrels per day in June after Saudi Arabia (10.3mbpd), Iraq (4.5mbpd) and Iran (3.7mpbd). Saudi Arabia and Russian Federation have agreed to increase output, but most of their 1 million bpd increase was expected to cover the short fall from Iran.

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  • Micron Rallies as It Says Injunction in China Won't Affect Its Quarter
Micron Rallies as It Says Injunction in China Won't Affect Its Quarter

The company said on Thursday that it expects to lose only one percent of its revenue because of the order, which was handed down by Fuzhou Intermediate People's Court in Fujian Province. Micron will continue to aggressively defend against these unfounded patent infringement claims while continuing to work closely with its customers and partners.

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  • China imposes retaliatory duties on 800 goods from US
China imposes retaliatory duties on 800 goods from US

After that, the hostilities could intensify: Trump said the USA is ready to target an additional $ 200 billion in Chinese imports - and then $US300 billion more - if Beijing does not yield to USA demands and continues to retaliate.

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  • Crude Price Falls On Saudi Arabia Production Increase, CAD Follows
Crude Price Falls On Saudi Arabia Production Increase, CAD Follows

The Saudi leader said he was ready to raise output if needed, the White House said in a statement. Oil prices fell on Monday as supplies from Saudi Arabia and Russian Federation rose while economic growth stumbled in Asia amid an escalating trade dispute with the United States.

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  • LeBron James signs four-year deal with Los Angeles Lakers
LeBron James signs four-year deal with Los Angeles Lakers

James won a National Basketball Association title with Cleveland in 2016, but had generated buzz he would leave OH after losing consecutive finals' series to the Golden State Warriors in the last two seasons. The Golden State Warriors still hold the crown until someone proves otherwise. For all the grief Love catches, never forget he signed a...

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  • As Toys
As Toys "R" Us Closes For Good, Workers Campaign For Severance

At the Toys R Us location in Raleigh, North Carolina, a mysterious person bought the store's last remaining toys to donate to local children, CBS 17 reported. In a dire retail landscape, more than 8,000 USA shops closed in 2017, roughly double the average annual store closures in the previous decade, according to data from the International Cou...

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  • Saudi Arabia minister says OPEC deal to gradually boost oil output ‘inevitable’
Saudi Arabia minister says OPEC deal to gradually boost oil output ‘inevitable’

OPEC's top producer , Saudi Arabia , topped the output-rise table among members, with its production growing to 10.01 million b/d in May, the survey found. "More oil from OPEC+ is the base case", said Bjarne Schieldrop, analyst at Swedish bank SEB. US West Texas Intermediate (WTI) crude futures were at $65.99 a barrel, down 37c or 0.6% from the...

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  • U.S. wants allies to cease oil imports from Iran by November 4
U.S. wants allies to cease oil imports from Iran by November 4

President Donald Trump quit an agreement between major world powers and Iran in which sanctions were lifted in return for curbs on its nuclear programme. "But we should know that a failure of the deal will have very unsafe consequences for us", Zarif told a meeting of entrepreneurs at the Iranian Chamber of Commerce in Tehran on June 24.

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  • U.S. plans limits on Chinese investment in technology firms
U.S. plans limits on Chinese investment in technology firms

President Donald Trump has raised concerns about China's plan to strengthen high-tech industries like robotics, aerospace and computer chips, also known as Beijing's "Made in China 2025" policy. USA and Canadian stocks suffered their worst one-day decline in several months on Monday, amid rising global trade tensions and their potential impac...

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  • American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American
American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American

But the government has yet to reunite more than 2,000 children with their parents. A bipartisan coalition of USA mayors gathered in a Texas border town on Thursday morning to speak out against Trump's immigration crackdown, which they characterized as a "humanitarian crisis".

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  • Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey
Greek economy crisis: Eurozone ministers seek end to Greece bailout odyssey

The key element of the debt relief is an extension of maturities and grace periods on 96.9 billion euros (84.8 billion pounds) of loans granted to Greece under the second bailout by 10 years to smooth out any sharp debt servicing peaks for decades ahead.

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  • Erdogan 'wins' Turkey's presidential election - unofficial results
Erdogan 'wins' Turkey's presidential election - unofficial results

As of 15:50 GMT, Erdogan is leading in the polls with almost 60 percent of the vote after 20 percent of the ballot boxes were opened. However, the first results had been expected to give Erdogan and his Islamist-rooted party a strong lead and it is expected to shorten as more votes are tallied across the nation of 81 million people.

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  • Cryptocurrency exchange Bithumb is hacked in $36m heist
Cryptocurrency exchange Bithumb is hacked in $36m heist

Bitcoin plunged from W7.5 million to W7.08 million after news of the heist broke, and Bithumb's phone lines were inundated with calls from anxious investors inquiring about their deposits. The company has temporarily frozen deposits and trading while it is in the process of "changing our wallet system" following the incident. In each of these ...

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  • Trump renews trade criticisms of Mexico,…
Trump renews trade criticisms of Mexico,…

Away from Mr Trump's dispute with China, Russia said it would impose tariffs on certain American goods in response to the recent tariffs placed on steel and aluminium imports by the US. Read: What can Beijing do if China-US trade row worsens? In Beijing, China's Commerce Ministry responded swiftly to Trump's latest threat, warning that i...

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  • European Union slaps revenge tariffs on United States as trade war erupts
European Union slaps revenge tariffs on United States as trade war erupts

Bush. "The rules of worldwide trade, which we have developed. with our American partners, can not be violated without a reaction from our side", Commissioner for Trade Cecilia Malmström said. Cohn said he understand Trump's rationale, but added that restricting vehicles to ones made in the U.S.is not realistic. This was the process undertaken...

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  • First Tesla Model 3 Performance AWD built; Musk claims company was
First Tesla Model 3 Performance AWD built; Musk claims company was "sabotaged"

The company-wide email was also leaked ahead of yet another important production milestone for the Model 3 sedan , which Musk had predicted will reach the 5,000 cars per week rate by the end of June 2018. The Tesla CEO's messages to employees come days after some 3,000 Tesla employees were dismissed, representing almost a tenth of the entire...

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  • Audi boss arrested in diesel probe
Audi boss arrested in diesel probe

A spokesperson for Porsche SE, which controls VW and Audi, said Stadler's arrest would be discussed at a supervisory board meeting on Monday. VW's representative went on to mention the presumption of innocence has been applied. Audi has not yet commented on the matter. German carmaker Audi's CEO, Rupert Stadler , has been arrested. The 56-year...

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  • Average worker can't afford 2-bedroom apartment anywhere in US, report says
Average worker can't afford 2-bedroom apartment anywhere in US, report says

A new national study says Honolulu residents must earn at least $39.06 an hour to afford a two-bedroom apartment at fair market rent without spending more than 30 percent of their income on rent. The national housing wage is $22.10 for a two-bedroom and $17.90 for a one-bedroom rental. It's not just the Bay Area where rents are out of reach for...

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  • 4 things to watch as Trump's tariffs hit China
4 things to watch as Trump's tariffs hit China

News of the tariffs was initially reported by Bloomberg . A report in the Wall Street Journal quoting sources close to the matter said Thursday evening the list had been approved and would affect about $50 billion worth of goods, the same figure that was first announced in March.

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  • Federal judge approves AT&T-Time Warner merger
Federal judge approves AT&T-Time Warner merger

That deal now faces a higher likelihood of regulatory approval. TV Studios and Warner Bros. The judge's ruling is being seen by tech and telecom giants as a green light to pursue a slew of major media acquisitions. The ruling is a stinging defeat for the Justice Department. The government estimated costs to industry rivals, such as Charter Comm...

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