• Erdogan vows to defy U.S. 'threats' after currency crash
Erdogan vows to defy U.S. 'threats' after currency crash

Last week the USA government announced sanctions against Turkey's interior and justice ministers, to which Ankara responded by freezing the assets of two American officials in Turkey. "If European countries want to get rid of the dollar pressure, we are ready to create a similar system with them", Anadolu Agency quotes him as saying.

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  • 25% tariff on electric bikes shipped into United States takes hold August 23rd
25% tariff on electric bikes shipped into United States takes hold August 23rd

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of US goods including coal, grease, Vaseline, asphalt and plastic products, and recyclables. China's payback presents its own challenges. Among the products removed from the earlier list on $16 billion of imports were shipping containers, including those used by...

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  • Snapchat’s Revenue Soars 44 Percent Despite Losing Users After App Redesign
Snapchat’s Revenue Soars 44 Percent Despite Losing Users After App Redesign

Snap said ending leases in Venice, California, to consolidate offices a few miles north in Santa Monica cost it $3.9 million in the second quarter and would result in total expenses of $25 million to $45 million in 2018, mostly in the current quarter.

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  • Tesla shares dip after Elon Musk proposes going private
Tesla shares dip after Elon Musk proposes going private

Tesla said on Wednesday the discussions had addressed the issue of how to fund such a deal, but gave no details. Tesla posted a new blog to its site , essentially a copy-and-paste of an email Musk sent to Tesla's employees regarding taking the company private again.

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  • Facebook Is Now Asking Banks For Data on Your Spending Habits
Facebook Is Now Asking Banks For Data on Your Spending Habits

And according to the Wall Street Journal-which first reported on Facebook's plans on Monday-the social media behemoth isn't the only tech company that wants access to Americans' financial data. Facebook has been under fire for several scandals involving data privacy , starting with Cambridge Analytica . Citigroup and Wells Fargo refused...

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  • Elon Musk considers taking Tesla private as stock jumps
Elon Musk considers taking Tesla private as stock jumps

It's unclear from where Musk has secured funding. Tesla didn't immediately respond to a request for comment. Tesla's shares jumped as high as $371.15 in afternoon trading. Musk's other company, aerospace firm SpaceX, is privately owned. Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 bill...

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  • Financial fruit: Apple becomes 1st trillion-dollar company
Financial fruit: Apple becomes 1st trillion-dollar company

This morning, Apple shares surged past $207.05, putting the company's market cap at an astounding $1 trillion before pulling back slightly. Apple has become the first US-listed company to be valued at a trillion dollars. He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the mobile phone industry, catching M...

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  • Mark Zuckerberg’s fortune tumbles $16.8 billion in a day
Mark Zuckerberg’s fortune tumbles $16.8 billion in a day

Global DAU rates increased by 11% compared to the year-ago quarter, but they were still below what Wall Street was calling for. Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy.

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  • Trump Wins Trade Concessions from Europe, Agrees to Work Toward Zero Tariffs
Trump Wins Trade Concessions from Europe, Agrees to Work Toward Zero Tariffs

President Trump welcomes Jean-Claude Juncker, president of the European Commission to the White House to discuss trade. "We agreed to work towards zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods", the United States president told a joint news conference after the meeting.

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  • Trump Races Toward 25 Percent Tariff on Auto Imports
Trump Races Toward 25 Percent Tariff on Auto Imports

Ahead of his meeting on Wednesday with President of the European Commission Jean-Claude Juncker, Trump tweeted that both the US and the EU should "drop all tariffs, barriers and subsidies". China, meanwhile, retaliated with duties on pork and soybeans. Under the three USDA aid programs, farmers will either receive direct payments or sell th...

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  • China says USA blaming Xi for blocking trade deal is 'bogus'
China says USA blaming Xi for blocking trade deal is 'bogus'

Li, the premier, said China and the European Union agreed to take steps to "safeguard free trade" and the global multilateral regulatory system. "The US has fabricated any justification for its actions related to the trade war, including by interfering with national security ", said the spokeswoman for the Foreign Ministry in China, Hua Chunyi...

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  • British Premier May Fends off Tory Rebels in Parliament
British Premier May Fends off Tory Rebels in Parliament

She was slated to face more votes yesterday, including one on a proposal to send lawmakers on holiday early in what is seen as a tactic to avoid more plotting against her. Tory whips told would-be rebels that there would be a confidence vote if the customs amendment had passed on the Trade Bill, potentially resulting in the collapse of Mrs May's Go...

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  • ZTE pays $1.4 billion penalty; US to lift ban
ZTE pays $1.4 billion penalty; US to lift ban

He described the terms of the deal as the strictest ever imposed in such a case. "It will deter future bad actors and ensure the Department is able to protect the United States from those that would do us harm". He said ZTE buys parts from USA companies and that the deal was "also reflective of the larger trade deal we are negotiating with China an...

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  • 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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