• Trump considering firing Fed Chair Jerome Powell after latest rate hike
Trump considering firing Fed Chair Jerome Powell after latest rate hike

In doing so, the central bank reaffirmed that its focus remains firmly domestic and economic. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and global developments.

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  • Apple pulls certain iPhones in Germany following court verdict
Apple pulls certain iPhones in Germany following court verdict

Apple says that it will appeal this latest ruling. Apple is working on an appeal to the German court's decision but, in the meantime, has suspended sales of the iPhone 7 and iPhone 8 from all 15 of the company's stores in the country.

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  • Markets Right Now: Plunging oil price sinks energy stocks
Markets Right Now: Plunging oil price sinks energy stocks

The blue-chip barometer is notching its worst month in more than three years. The Dow dropped by 507 points on Monday, on the heels of a 496-point dip on Friday - both 2 percent losses. An indication that the Fed would slow its pace of interest-rate hikes could calm markets, but the USA central bank's intentions remain unclear, said Ryan Detric...

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  • What are the United Kingdom laws around flying drones near airports?
What are the United Kingdom laws around flying drones near airports?

Airlive.net, a website run by aviation enthusiasts that collects and displays real-time flight data, said all incoming flights to Gatwick were being diverted to other United Kingdom airports, like Manchester and Birmingham, and as far away as Paris and Amsterdam.

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  • This naughty parrot ‘secretly’ uses Amazon Alexa to shop for her fruits
This naughty parrot ‘secretly’ uses Amazon Alexa to shop for her fruits

A sneaky parrot nearly ran up a hefty Amazon bill after it began placing orders through its owner's Alexa device. This is the story of Rocco- an African Grey parrot-who has literally added a shopping list while speaking to an Amazon Alexa device daily.

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  • Virgin Galactic’s VSS Unity supersonic plane makes historic space flight
Virgin Galactic’s VSS Unity supersonic plane makes historic space flight

A test flight of Virgin Galactic's SpaceShipTwo is scheduled to launch from the Mojave Air and Space Port, north of Los Angeles. It then began its gliding descent back to the runway, said mission official Enrico Palermo. That's about a mile and a half past what the USA government recognizes as the edge of space. As the test flights continue a...

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  • U.S. planning actions targeting Chinese hackers and spies
U.S. planning actions targeting Chinese hackers and spies

China's methods of non-traditional espionage, including their use of ordinary Chinese expatriates instead of spies at universities and businesses, and intellectual property theft, were explained by the officials from the Federal Bureau of Investigation and Departments of Justice and Homeland Security who briefed USA lawmakers on Wednesday, CNN repo...

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  • Lawmakers unveil farm bill compromise
Lawmakers unveil farm bill compromise

Before her re-election in November, McMorris Rodgers invited Agriculture Secretary Sonny Perdue to Spokane . For instance, Thune said he heard complaints from farmers about the way Agriculture Risk Coverage (ARC) payments are calculated; under the provisions of the new bill, payments would be determined by farmland's physical location, rather th...

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  • Oil prices on shaky ground amid global financial market worries
Oil prices on shaky ground amid global financial market worries

While asked, whether the decision of output cot could sour Saudi's relation with United States, the Saud Energy Minister, Khalid Al-Falih was quoted as saying that, the kingdom was prepared to pump more, had there been any need of supply. On Monday, oil prices rose as the world's two largest economies agreed not to impose new additional tariffs and...

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  • OPEC, Russia Slam Trump's Intervention in Oil Producers’ Policies
OPEC, Russia Slam Trump's Intervention in Oil Producers’ Policies

Russian Federation gave a commitment to reduce output by 228,000 bpd from October levels of 11.4 million bpd, though it said the cuts would be gradual and take place over several months. Soon enough, the market will need both the USA shale industry and Saudi Arabia to increase production to offset falling output from Iran, due to economic sanctions...

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  • Uber filed paperwork for IPO
Uber filed paperwork for IPO

However, its smaller U.S. rival, Lyft Inc. had also announced an IPO filing at the same day. Uber chose Morgan Stanley and Goldman Sachs group in October with the banks telling the company it could be worth US$120 million on the public markets.

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  • Marlboro Owner Altira Invests $1.8 Billion in Canadian Cannabis Company Cronos
Marlboro Owner Altira Invests $1.8 Billion in Canadian Cannabis Company Cronos

Shares of Cronos Group Inc . jumped 31 percent and neared an all-time high at the opening bell Friday. The cigarette maker's move follows modest investments in the cannabis sector in the past year by tobacco companies Imperial Brands and Pyxus International , formerly Alliance One International.

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  • Data show a job market that's slowing, or at least pausing
Data show a job market that's slowing, or at least pausing

The African-American unemployment declined to 5.9 percent, matching May's figure as the lowest on record. First American Chief Economist Mark Fleming said the uptick in wages may give the Federal Reserve reason to raise interest rates this month, although Fed Chair Jerome Powell has hinted that the central bank could be less aggressive on the r...

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  • Presenting legal advice, May fans flames of #Brexit rebellion
Presenting legal advice, May fans flames of #Brexit rebellion

He said: "What we are trying to achieve is something that gets a lot of support from colleagues and that the Government , we hope, will take forward because it will make a real difference to the vote". The amendment would add provisions for the Commons to "approve the Government's proposed approach, including whether or not an extension to the...

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  • John Bolton knew of Huawei arrest before Trump-Xi dinner
John Bolton knew of Huawei arrest before Trump-Xi dinner

The news came as Washington and Beijing are set to begin negotiations aimed at de-escalating their bruising trade war, which is adding to deepening worries over higher US interest rates and other risks to global growth. Trump tweeted that he shared Beijing's optimism about a potential trade deal. Huawei is one of the Chinese government's pet com...

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  • Chinese Tech Giant Huawei's CFO Arrested Abroad, Faces Extradition To US
Chinese Tech Giant Huawei's CFO Arrested Abroad, Faces Extradition To US

In 2007, Ms. Meng served as a board secretary for a Huawei holding company that owned Skycom Tech, a Hong Kong-based company with business in Iran and employees who said they worked for "Huawei-Skycom", according to a person familiar with the matter.

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  • Qatar set to leave OPEC in January as Middle East spat worsens
Qatar set to leave OPEC in January as Middle East spat worsens

Mr al-Kaabi said Qatar was planning to ramp up its LNG operations as demand grows thanks to its less harmful environmental impact when compared to oil. "They debated 'what does the withdrawal mean to OPEC and global energy market and to Qatar?", market sources told The Peninsula. He said Qatar, the world's largest exporter of liquefied natura...

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  • China agrees to 'reduce and remove' tariffs on United States cars
China agrees to 'reduce and remove' tariffs on United States cars

China hopes the final agreement will lead to cancelling of all tariffs , the chance of which has increased now post the Xi-Trump meeting . He also hailed improved relations in a tweet, saying: "My meeting in Argentina with President Xi of China was an extraordinary one".

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  • George W. Bush to eulogize late father
George W. Bush to eulogize late father

On Monday, President Trump tweeted , "Looking forward to being with the Bush Family to pay my respects to President George H.W. Bush". Sully accompanied Bush one last time on a flight to Washington D.C. To honor the former president, the worldwide nonprofit Points of Light, founded by Bush, invited the public to celebrate Bush by giving a day ...

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  • Trump could meet Kim Jong Un in early 2019
Trump could meet Kim Jong Un in early 2019

The Kingdom's appeal has grown after the launch of Saudi Vision 2030, which aims to diversify the economy by implementing ambitious reforms that have attracted the attention of global investors. What was more likely is that they reach a truce, buying time for more substantive talks, analysts said. The communique mentioned the brewing trade ...

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  • Markets on edge ahead of US-China trade talks
Markets on edge ahead of US-China trade talks

Mr Trump said it was "highly unlikely" that he would agree to Beijing's request to hold off on the tariff rise, the newspaper said. "The main issue is how to settle down the trade war ", the official said on condition of anonymity due to the sensitive nature of preparatory negotiations.

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  • GM plans 10,000 job cuts, five plant shutdowns in North America
GM plans 10,000 job cuts, five plant shutdowns in North America

The announcement is the biggest restructuring in North America for GM since its bankruptcy a decade ago. General Motors was down 9% this year. "Everybody's very downhearted", he said. Kris Tripplaar/Sipa USA/NewscomSpeaking to a cheering crowd in Youngstown, Ohio, in July of previous year, President Donald Trump promised more jobs would soon...

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  • What you need to know about the crucial EU Brexit summit
What you need to know about the crucial EU Brexit summit

The chairman of European Union leaders, Donald Tusk, stressed the European Union would ratify the Brexit deal in time for the Brexit day on March 29, 2019 and was determined to build "as close as possible a partnership" with Britain in the future.

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  • Goldman Sachs Slashes Apple Stock-Price Target For Third Time This Month
Goldman Sachs Slashes Apple Stock-Price Target For Third Time This Month

The report said that Apple has also reduced orders for its two higher-priced models, the iPhone XS and iPhone XS Max-which feature OLED displays, in contrast to the iPhone XR's LCD display. Apple disclosed during its latest earnings report that iPhone sales in is fiscal Q4, which ended September 30, was flat year-over-year. Share prices ...

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  • Nissan moving to fire Ghosn for financial misconduct
Nissan moving to fire Ghosn for financial misconduct

Japanese prosecutors have yet to comment on Mr Ghosn's arrest. The company said that a proposal will be made to the board of directors to dismiss Ghosn as chairman and representative director. He has met repeatedly with the past four French presidents; no major economic event in France was held without Ghosn. Nissan paid Mr Ghosn 1.098 billio...

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