• Opec+ to target crude inventory levels while ensuring market is well-supplied
Opec+ to target crude inventory levels while ensuring market is well-supplied

The de-facto leader of OPEC, Saudi Arabia , meanwhile said that the current crude prices do not mean that the market has fully recovered, and urged a further reduction of inventories. Venezuelan oil minister Manuel Quevedo, who holds Opec presidency denounced what he called "US siege of its oil industry" which he blamed for the loss of production ...

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  • Huawei to continue Android support
Huawei to continue Android support

That's not to say Huawei devices can not run Android , since it is an open-source operating system, but the Google Play store and Google services are out of bounds. Reuters previously reported that the US Commerce Department was considering a temporary lowering of the ban, in order for networks now using Huawei equipment to maintain important ser...

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  • Saudi shuts major oil pipeline after Houthi drone attacks
Saudi shuts major oil pipeline after Houthi drone attacks

Now, would I do that? "Absolutely. But we have not planned for that", Trump told reporters. Hopefully we're not going to have to plan for that. However, Trump later denied a New York Times report that he is considering sending 120,000 troops to counter Iran.

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  • What Trump's trade war with China means for American consumers
What Trump's trade war with China means for American consumers

Trump remained confident about the USA economy's overall strength, saying "I love the position we're in". "As is often the case, however, the losers will not be the negotiators or presidents, but the people". "China trade negotiations and concern that it's really deteriorating pretty significantly and that's impacting all areas of markets", said K...

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  • Supreme Court rules antitrust lawsuit against Apple can move forward
Supreme Court rules antitrust lawsuit against Apple can move forward

The iPhone giant said it only acted as the intermediary, providing a storefront where consumers found and purchased the apps they later installed on their phones. But in the end, if Apple is forced to allow users to side load or install apps on their own without going through the App Store, it will probably be a good thing for the average con...

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  • 4 reasons why Trump's China strategy is 'very risky'
4 reasons why Trump's China strategy is 'very risky'

Wall Street's main indexes fell more than 2 per cent on Monday after Beijing announced plans to retaliate with higher tariffs on US goods , raising fears that another round of tit-for-tat measures could push the USA economy toward recession.

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  • Binance cryptocurrency exchange hacked, 7000 bitcoin stolen Featured
Binance cryptocurrency exchange hacked, 7000 bitcoin stolen Featured

According to Binance , all other wallets were not affected in the hack and remain secure. The Taiwan-based company, one of the world's largest crypto exchanges, announced that it discovered a "large scale security breach" Tuesday. "Tentatively, we are looking to resume withdrawals and deposits early next week". "In reality, however, virtua...

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  • Uber fizzles in Wall Street debut, opens below $45 IPO price
Uber fizzles in Wall Street debut, opens below $45 IPO price

It was another twist in Uber's stunning and controversial rise from pugnacious startup to pugnacious transportation giant, a decade-long journey marked by repeated run-ins with local officials, the forced departure of cofounder Travis Kalanick amid allegations of a toxic corporate culture, and expansion into food delivery, bikes and scooters, fre...

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  • Goldman Sachs Says Higher US Tariffs on China Are Coming
Goldman Sachs Says Higher US Tariffs on China Are Coming

Global stocks were ailing after President Donald Trump Sunday threatened further tariffs on Chinese imports that could come into effect on Friday, throwing global markets into disarray. In the United States the S&P 500 fell for the fourth session in five days, declining by as much as 2.1%. On Wednesday morning, US stock market indexes wer...

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  • US Announces 25% Tariffs on Another $200 Billion of Chinese Imports
US Announces 25% Tariffs on Another $200 Billion of Chinese Imports

The U.S. was scheduled to raise the tariffs at 12:01 a.m. The Trump team is intensifying its trade war with Beijing, which it claims reneged on commitments it had made in earlier trade talks . The Chinese government has threatened to retaliate if tariffs are raised tonight. If successful, the deal is anticipated to bring the lifting of tarif...

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  • White House says China has indicated it wants to make trade deal
White House says China has indicated it wants to make trade deal

The International Monetary Fund (IMF) said the escalation of US-China trade tension was one factor to have contributed to a "significantly weakened global expansion" late a year ago as it cut its 2019 global growth forecast. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate". Trump announced the plan on Sunday. ...

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  • Uber, Lyft drivers across the United States, overseas
Uber, Lyft drivers across the United States, overseas

Airport travelers and commuters who count on ride-hailing services beware - Uber and Lyft drivers are set to go on an all-day strike Wednesday. Drivers for both Uber and Lyft are on strike today, protesting low wages and a lack of transparency around compensation, and a couple hundred gathered outside Uber's Market Street offices this a...

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  • US sanctions on Iranian oil risk stoking OPEC tensions
US sanctions on Iranian oil risk stoking OPEC tensions

USA crude stocks have climbed to their highest since September 2017 and were forecast to have added another 1.2 million barrels last week, according to analysts in a Reuters poll. So far this year, prices have gained more than 30% as the global supply outlook has tightened due to USA sanctions on crude exporters Iran and Venezuela , as well ...

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  • United States stock futures tumble after Trump threatens China with steeper tariffs
United States stock futures tumble after Trump threatens China with steeper tariffs

In the announcement on Twitter, Trump said that talks to secure a trade deal with China are continuing, but are moving "too slowly". "The 10% will go up to 25% on Friday", he said. In the bilateral consultations, Washington and Beijing are trying to work out a mutually acceptable trade agreement that would put an end to an nearly year-long ta...

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  • Tesla raising $2.3 billion after money-losing first quarter
Tesla raising $2.3 billion after money-losing first quarter

Demand for Tesla's Models S , 3 and X is coming to normal in the second quarter following the company delivered only 63,000 vehicles in January through March, Musk said. Still, having only $2. 2 billion in the bank is a precarious situation for a company that has been known to lose more than $ 700 million in a single quarter.

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  • Amazon shares jump on Buffett investment
Amazon shares jump on Buffett investment

But that unsuccessful investment did not stop the company from becoming one of the biggest in the world, with a market value of more than $500 billion and with almost 400,000 employees. Berkshire has more than 90 businesses in the railroad, insurance, retail industry, energy, and food sectors. Its annual shareholder meeting is Saturday.

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  • Apple tops forecasts as pivot to services shows progress
Apple tops forecasts as pivot to services shows progress

The institutional investor owned 52,728 shares of the iPhone maker's stock after buying an additional 5,684 shares during the quarter. And this market cap indicates it once again will became the world's most valuable firm, previously in 2018 when Apple touch trillion dollar valuation.

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  • Trump Knocks Down Oil Prices
Trump Knocks Down Oil Prices

The supply concerns lead to higher oil prices. Bank of America Merrill Lynch said "Iranian oil production will fall to 1.9 million barrels per day in 2H19 from 3.6 million barrels per day in 3Q18 as USA sanctions kick in and waivers eventually expire".

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  • Alphabet's stock sank after Q1 revenues missed Wall Street targets
Alphabet's stock sank after Q1 revenues missed Wall Street targets

Alphabet said its quarterly revenue rose 17 per cent from a year ago to $36.3 billion, compared with Wall Street's average estimate of $37.3 billion, according to IBES data from Refinitiv. Shares tanked 7.3 percent following the earnings announcement, eroding more than $60 billion off Alphabet's market cap. The company doesn't break out YouTu...

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  • Microsoft tops $1 trillion as it predicts more cloud growth
Microsoft tops $1 trillion as it predicts more cloud growth

The company's shares rose about 4% in extended trading on the results, after closing at $125.01 in NY. Under chief executive Satya Nadella , the company has over the past five years been shifting from reliance on its once-dominant Windows operating system to selling cloud-based services.

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  • Tesla's Musk agrees to new vetting rules for tweets in SEC deal
Tesla's Musk agrees to new vetting rules for tweets in SEC deal

Elon Musk has struck a deal over his Twitter use with the US Securities and Exchange Commission , averting a decision by a federal judge on whether the billionaire should be held in contempt of court. Tesla's stock has now fallen 29 percent in 2019 and the company's market capitalization has declined to $41 billion from $63 billion in mid-Dec...

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  • BRI forum: PM Imran to leave for China tomorrow
BRI forum: PM Imran to leave for China tomorrow

The visit is likely to expedite the pace of projects being executed or to be commissioned under the CEPC in Pakistan. "I am strongly committed to further strengthening Pakistan-China relationship". The prime minister is visiting China from April 25 to 28, to attend the forum to be inaugurated by President Xi Jinping on April 26 in Beijing . Ro...

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  • Tesla Model S Explodes in China
Tesla Model S Explodes in China

Deliveries dropped last quarter by nearly 30,000 cars from the preceding period as the US shrank tax incentives and amid delays in shipments to consumers in Europe and China . Tesla's goal is of course full autonomy, which the EV-maker has already announced for the Model 3, and judging by this footage, we're not far off from being able to trus...

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  • Privacy fine set-aside dents Facebook’s profit
Privacy fine set-aside dents Facebook’s profit

Facebook could pay as much as $5 billion to settle an investigation by the American consumer watchdog into alleged violations of its users' privacy . The number of people who checked Facebook monthly also grew by 8%, reaching 2.38bn. The FTC began its investigation in the wake of the Cambridge Analytica scandal disclosed in early 2018 over al...

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  • Tesla reports $702m quarterly loss
Tesla reports $702m quarterly loss

Shares were little changed in the extended session and are down over 20 percent so far this year. "There is some merit to raising capital", said Chief Executive Elon Musk on a call discussing the results. "With the recently announced product improvements on Model S and Model X , as well as continued expansion of Model 3 globally, we expect...

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  • Turkey and India break silence on Trump's Iran oil ban
Turkey and India break silence on Trump's Iran oil ban

President Donald Trump decided not to reissue the Significant Reduction Exceptions when they expire in early May meaning that the buyers of Iran's oil must end their transactions by May 2 or face sanctions. He tagged the U.S. State Department and U.S. Secretary of State Mike Pompeo on his tweet . "We will continue to apply maximum pressure o...

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  • Easter Egg Hunt set for Saturday
Easter Egg Hunt set for Saturday

This year, organizers decided on a new format to make the event more enjoyable and safer for participants. Keep an eye out for one of the Special Golden Eggs hidden in different locations throughout the town to win your share of £100 shopping vouchers.

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  • Car2go suspends all service in Chicago due to ‘fraud issue’
Car2go suspends all service in Chicago due to ‘fraud issue’

A total of 100 cars were unaccounted for , 50 of which were Mercedes-Benz vehicles, officials with the Chicago Police Department said in a statement . At the time, Chicago was its newest location and had more than 10,000 members sign on since the Windy City launch in July. The companies also revealed plans for a partnership that, in addition to...

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  • AG William Barr To Announce Mueller Findings At Press Conference
AG William Barr To Announce Mueller Findings At Press Conference

If Nadler and Democrats are still beating the Mueller report dead horse at that late date, it will only serve to demonstrate how out of touch their party is with the rest of America. However, contrary to Trump's false claim, Mueller did not reach a conclusion on whether Trump obstructed justice. "The question is whether or not Mueller can actually ...

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  • Jet Airways suspends all flights amid financial crisis
Jet Airways suspends all flights amid financial crisis

But the immediate worry is the lack of funds to keep the company afloat. The airline merely said that due to "critical liquidity position of the company, its operations have been severely impacted". It's, however, not clear whether the airline's decision shut operations is temporary. The airline said the decision follows the lenders refusing ...

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