• China trade surplus with USA hits record high in June
China trade surplus with USA hits record high in June

China's June exports rose 11.3 per cent from a year earlier, beating forecasts for a 10 per cent increase according to the latest Reuters poll of 39 analysts, but down from a 12.6 per cent gain in May. The tariffs are typical unilateralism, protectionism and trade bullying. To be sure, the United States can exert pain over Chinese companies, to...

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  • Comcast $US34b tops Fox's offer for Sky
Comcast $US34b tops Fox's offer for Sky

Rupert Murdoch's company is willing to pay £14 (Rs 1,254) per share - or £32.5 billion (Rs 2.96 lakh crore) - instead of £10.75 (Rs 978) per share for Sky. 20th Century Fox recently set July 27 as the new date for stockholders to vote on the sale of their many film and television assets to The Walt Disney Co ., which has also recently received US...

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  • Crude Prices Mixed as Trump Calls for More Action From OPEC
Crude Prices Mixed as Trump Calls for More Action From OPEC

It's telling that this is his third provocation on oil prices since April . Iran's deputy commander of the Sarollah Revolutionary Guards said on Wednesday that any attempt to thwart its oil exports will result in the closure of Strait of Hormuz, the narrow waterway at the mouth of the Persian Gulf, where the world's biggest concentration o...

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  • Walmart removes 'Impeach Trump' apparel after boycott threats
Walmart removes 'Impeach Trump' apparel after boycott threats

There are a few companies selling Impeach 45 apparel, including the company Old Glory . One shirt mirrors an anti-Hillary shirt and says "I'm really Donald Trump , don't let this "human" costume fool you", and another reads "Trumpty Dumpty: We need a wall".

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  • Saudi Arabia says ready to pump more oil to balance market
Saudi Arabia says ready to pump more oil to balance market

The White House later walked back the president's comments, saying the king said his country can raise oil production if needed. Iran says it will find ways to export its oil, despite what he does. Rising gasoline prices could create a political headache for Trump ahead of the November elections by offsetting Republican claims that his tax cuts...

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

Many kids grew up watching Geoffrey on TV, singing the jingle 'I don't want to grow up, I'm a Toys R Us kid'. She shared photos of empty shelves, vacant shopping carts and a group of employees locking the doors of the soon-to-be shuttered store.

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  • Online Retailers Lose State Tax Subsidy
Online Retailers Lose State Tax Subsidy

Before this, the law stated that sales tax could only by collected from sellers with a physical presence within the state's borders. In a 5-4 vote, the U.S. The decision means that South Dakota can now dictate some of the business operations of firms that have no representation in the South Dakota legislature.

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  • Greece creditors agree on deal
Greece creditors agree on deal

Greece's massive debt came to light in 2009. "We take note of the commitment by Greece's European partners to keep debt sustainability under review and to take additional debt relief measures if needed". But a 2014 tranche of 387 million euros was held by the ESM, part of a 1.8 billion-euro total earmarked to cover some Greek debt payments in excha...

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  • Erdogan declared winner of Turkey presidential polls
Erdogan declared winner of Turkey presidential polls

Recep Tayyip Erdogan has declared himself the victor of a high-stakes Turkish election, as he looks to consolidate his power on a nation he has ruled for 15 years. Polls heading into the vote suggested the ruling Islamist-rooted AK Party could lose parliamentary majority, which could hamper Erdogan's ability to power Turkey's new executive presiden...

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  • South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls
South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls

On June 10, Coinrail , a smaller South Korea-based virtual currency exchange , was hacked, and currency worth an estimated $40 million was stolen in the attack. At precisely 00:53 UTC on June 20, 2018 , Bithumb disabled deposits on the platform. Because this was the second time Bithumb's security was breached, the request of the Ministry of Sc...

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  • Trump escalates trade war, again
Trump escalates trade war, again

The US President said the tariffs would be imposed if China "refuses to change its practices". Trump said the tariffs were "essential to preventing further unfair transfers of American technology and intellectual property to China, which will protect American jobs".

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  • Asian, European stocks plunge as China-US trade war fears brew
Asian, European stocks plunge as China-US trade war fears brew

United States companies often send mostly finished chips to China for assembly, testing and packaging. The U.S. blocked ZTE's access to U.S. suppliers in April , saying the company violated a 2017 sanctions settlement related to trading with Iran and North Korea and then lied about the violations.

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  • Federal Bureau of Investigation agent who wanted to
Federal Bureau of Investigation agent who wanted to "stop" Trump has really just helped him

He said there was "no question" that Strzok regrets sending anti-Trump messages, but added: "I think what he was doing is expressing his political opinions in what he thought was a private text conversation, and he regrets that this has been weaponized by people with political motivations to try to discredit the Mueller investigation".

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  • Minimum-Wage Earners Can't Afford 2-Bedroom Rentals in U.S.
Minimum-Wage Earners Can't Afford 2-Bedroom Rentals in U.S.

They would need to earn as much as an additional $8 an hour to rent in some of city's most in-demand neighborhoods, such as the Garden District or Uptown. It shows residents would need to earn at least $27 an hour to live in the code area that includes the Lower Garden District, much of the Central Business District and part of the Garden District,...

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  • Trump approves plan to impose tough U.S. tariffs on China
Trump approves plan to impose tough U.S. tariffs on China

President Trump is ready to slap tariffs on almost $50 billion in Chinese goods, according to reports, reigniting fears of a trade war between the world's two largest economies. The White House has declared that by June 15 it would announce its final list of $50 billion in Chinese products that would be subject to 25% tariffs under Section 301 o...

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