• Indian economy poised to pick up in 2019, says International Monetary Fund
Indian economy poised to pick up in 2019, says International Monetary Fund

Advanced economies have been on a declining path in terms of growth and this is taking place more rapidly than previously thought, according to the report. Gold prices were reversing last week's bearish close as investor concerns over global growth take a grip following the IMF's stark warnings and what appears to be a mixed picture when it comes t...

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  • China’s economy slows to weakest pace since 2009
China’s economy slows to weakest pace since 2009

The world's second-largest economy expanded by 6.6 percent from a year earlier, down from 2017's 6.9 percent, official data showed. The 6.6 per cent growth comes in above the official target of around 6.5 per cent and matches a forecast by analysts polled by AFP, but is down from the 6.8 per cent chalked up in 2017, according to the National Bu...

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  • Oil hits two-month high as China truce signals brighter outlook
Oil hits two-month high as China truce signals brighter outlook

Bloomberg News reported China proposed a six-year shopping binge for American goods, diminishing concerns about a brake on economic growth. The price has been on two-way action driven by news influenced momentum but support gained from OPEC crude oil production and supply cut implementation has helped prevent any sharp downside move.

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  • Fact-checking Trump's border speech and DACA offer
Fact-checking Trump's border speech and DACA offer

The President delivered a short speech from the White House in an attempt to shift the political dynamics of the longest government shutdown in history after polls showed that he was getting most of the blame . Prior to the address and responding to reports on Trump's decision to offer temporary relief to undocumented migrants residing in the U....

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  • Carlos Ghosn received 'improper payments', Nissan-Mitsubishi probe finds
Carlos Ghosn received 'improper payments', Nissan-Mitsubishi probe finds

The company said it expects automotive markets to be "stable" in Europe and globally this year, with Russian Federation growing 3 per cent and Brazil expanding 10 per cent. Carlos Ghosn improperly received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors , the Japanese automakers said on Friday , rai...

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  • Nigel Farage urges Brexiteers to prepare for second referendum
Nigel Farage urges Brexiteers to prepare for second referendum

Mr Lewis told Today that remaining in a customs union was "something that people would feel is not delivering Brexit ". PM's offer of talks is a promise to listen, but only if we all agree with her. "Everything is up for discussion but what isn't going to be an outcome is arrangements that seek to stop Brexit, which I believe the People's Vote is ...

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  • This is Cadillac’s first fully electric auto
This is Cadillac’s first fully electric auto

General Motors' luxury brand Cadillac is beginning a full-on assault on brand identification in order to take back America's hearts as a status symbol for opulence. Cadillac's EV will be offered in both two- and all-wheel drive configurations globally and will use a rather unique battery architecture. He also said that the production model will ...

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  • Backing for US Border Wall Hits Record High
Backing for US Border Wall Hits Record High

While House Speaker Nancy Pelosi , D-Calif., now says that " a wall is an immorality", back in 2013, she supported a bill that required the construction of 700 miles of border fencing. Legislation recently passed by Congress to guarantee back pay to federal employees after the conclusion of the shutdown was signed into law today. The Secret S...

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  • Theresa May suffers defeat over Brexit deal, triggers no-confidence motion
Theresa May suffers defeat over Brexit deal, triggers no-confidence motion

With the clock ticking down to March 29, the date set in law for Brexit , the United Kingdom is gripped by the deepest political crisis in half a century as it grapples with how, or even whether, to exit the European project it joined in 1973.

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  • Ocasio-Cortez Hits Back After Trump Questions ‘Who Cares’ About Her Comments
Ocasio-Cortez Hits Back After Trump Questions ‘Who Cares’ About Her Comments

In response to Lieberman's comments, Ocasio-Cortez tweeted " New party, who dis?" Ocasio-Cortez has been a critic of the financial system, and has siad she would like to see the break-up of the biggest banks and the restoration of the Glass-Steagall Act, which separated investment and commercial banking.

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  • Ottawa formally requests clemency for Canadian sentenced to death in China
Ottawa formally requests clemency for Canadian sentenced to death in China

China's Ministry of Foreign Affairs posted a notice Tuesday referencing a Chinese national who was "arbitrarily detained " in Canada, an apparent reference to Meng Wanzhou, the Huawei CEO who was arrested last month on behalf of the U.S. Despite being sentenced to death , Mr Zhang said Schellenberg appeared "very peaceful and confident" about app...

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  • White House welcomes college football champions with fast-food buffet
White House welcomes college football champions with fast-food buffet

Members of the White House staff buy incredible amounts of fast food to feed the national-champion Clemson Tigers . "If it's American, I like it. "It's a pretty cool tradition that the National Champions get to visit the White House", he wrote . "Whatever you want, we're going to take care of you", Strahan added.

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  • TSA worker absences double as shutdown drags on
TSA worker absences double as shutdown drags on

Major airports in cities such as Atlanta and Houston "are exercising their contingency plans to uphold aviation security standards". "Our folks are coming to work and getting the job done, and I couldn't be more proud of them". "It's a guessing game on how much we'll need". Feeding Tampa Bay was part of the effort, opening up a food bank for ...

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  • Apple expected to release three new iPhones in 2019
Apple expected to release three new iPhones in 2019

While the highest price iPhone model is expected to sport a triple-camera setup at the back, the other two less-expensive iPhone models will get a dual-camera setup at the back, people familiar with the matter told the publication. Apple has reportedly chose to stick with the LCD display on the XR until it brings out a new line in 2020, forsaking...

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  • Trade war: China says USA talks 'laid ground' to resolve dispute
Trade war: China says USA talks 'laid ground' to resolve dispute

Today, a short statement was released by the Office of the U.S. Trade Representative, which ended by saying, "The delegation will now report back to receive guidance on the next steps". US President Donald Trump is increasingly eager to strike a deal with China soon in an effort to perk up financial markets that have slumped on concerns over th...

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  • Tata Motor's Jaguar Land Rover to cut another 4,500 jobs worldwide
Tata Motor's Jaguar Land Rover to cut another 4,500 jobs worldwide

The 4,500 cuts come in addition to 1,500 employees laid off past year, and represent 10 percent of the company's global workforce. There were reports past year that thousands of jobs could be axed as part of a £2.5 billion savings plan amid falling sales in China and a drop in demand for diesel cars, but the figure was not confirmed.

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  • Xi Fetes Kim Jong-un with Lavish Birthday Banquet
Xi Fetes Kim Jong-un with Lavish Birthday Banquet

Kim said during his China visit this week that there is no change in North Korea's stance to faithfully carry out the agreement reached with US President Donald Trump during their Singapore summit, and pursue a peaceful resolution through discussion, KCNA said.

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  • U.S. Commerce secretary
U.S. Commerce secretary

US Commerce Secretary Wilbur Ross signalled in a CNBC interview on Monday that there was a "very good chance" of reaching an agreement. The meetings are the start of what economists say are likely to be lengthy, contentious negotiations over USA complaints that Beijing's technology ambitions violate its trade obligations.

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  • London Heathrow airport resumes flights after reported drone sighting
London Heathrow airport resumes flights after reported drone sighting

Departures from Heathrow Airport in London have been stopped after a potential drone sighting. An aerial view of London Heathrow Airport in 2016. Heathrow and Gatwick responded by ordering military-grade anti-drone defences worth "several million pounds". Gatwick and Heathrow officials have pledge to invest in anti-drone technology, w...

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  • Cathay Pacific sells £12,000 business-class seats for £530 in ticketing blunder
Cathay Pacific sells £12,000 business-class seats for £530 in ticketing blunder

Last year , British Airways sold tickets on routes to Dubai and Tel Aviv for as little as £167. Customers paid $675 (£529) for the return flight in August for a fare that usually costs $16,000 (£12,541). The Department of Transportation (DOT) ruled in 2015 that airlines aren't legally obligated to honor mistake fares, although rescinding the seem...

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  • Tesla Slashes US Prices on Vehicles as Demand, Share Price Falter
Tesla Slashes US Prices on Vehicles as Demand, Share Price Falter

According to Reuters' own calculations, Tesla gained around $3,200 per vehicle delivered in pre-tax earnings. Customers can apply to receive the $3,750 federal tax credit for new deliveries starting on January 1, 2019, and may also be eligible for several state and local electric vehicle and utility incentives, which range up to $4,000.

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  • Stocks down: Stocks slide as Mnuchin's call with bank CEOs raises eyebrows
Stocks down: Stocks slide as Mnuchin's call with bank CEOs raises eyebrows

They are raising interest rates too fast, that's my opinion", he said. "They're raising interest rates too fast", he said in the Oval Office after a Christmas Day phone call with U.S. The Dow Jones Industrial Average fell more than 2.6%, with not a single stock gaining on the index. Mnuchin then spoke with the heads of major USA banks on Su...

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  • New York City skyline turns bright blue after transformer explosion
New York City skyline turns bright blue after transformer explosion

New Yorkers were shocked and amazed by an eerie blue light that took over the night sky in Astoria , Queens , Thursday night. LaGuardia Airport was temporarily closed due to a power outage resulting from the transformer explosion, New York City Council Speaker Corey Johnson said.

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  • Shopping, banks, skiing and more: What's open and closed during Christmas
Shopping, banks, skiing and more: What's open and closed during Christmas

Whole Foods Markets will be open until 7 p.m. on Christmas eve . Many stores will be opening at 7am on Christmas Eve and then close at 9pm, but this can vary by a couple of hours depending on the store. If your local Dollar Trees aren't open on Christmas and you need to find a place to go because you forgot something important, don't despai...

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  • How major US stock indexes fared Thursday
How major US stock indexes fared Thursday

The S&P 500 index skidded 39.54 points, or 1.6 percent, to 2,467.42. -The U.S. dollar ticked higher after two days of sharp losses brought on by fears about the economy and slower increases in interest rates . The S&P 500 hit its lowest since August 2017 and the Dow hit its lowest since October 2017, while the Nasdaq sank to a 15-month low, to...

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