• Oil steady as Trump tweet slows surge upwards
Oil steady as Trump tweet slows surge upwards

USA crude oil refinery inputs averaged 17.42 million barrels per day during last week, which was 442,000 barrels per day lower than the previous week's average. Distillate product supplied averaged 4 million barrels a day for the past four weeks, unchanged compared with the prior week's average. USA light crude oil was 40 cents higher at $71.52 aft...

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  • Russia says OPEC, non-OPEC to discuss output scenarios in Algeria
Russia says OPEC, non-OPEC to discuss output scenarios in Algeria

Refineries in the United States consumed about 17.7-million barrels a day of crude oil last week while China's refiners used about 11.8-million barrels a day in August, according to government data from the countries, the most among the world's countries.

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  • British Airways hack: Credit card details of 380000 stolen
British Airways hack: Credit card details of 380000 stolen

British Airways is investigating the theft of customer data from its website and its application for mobile phones at an intensive pace. British Airways is contacting customers who were affected, recommending that they get in touch with their bank or credit card company.

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  • Mercedes-Benz’s First EQ Electric Model is a Crossover
Mercedes-Benz’s First EQ Electric Model is a Crossover

Tesla Inc. dominates the luxury EV market with a trio of high-performance, buzzworthy models. Daimler aims to have up to 10 electrified vehicle variants by 2022, a target reiterated on Tuesday by Daimler CEO Dieter Zetsche , who hopes the EQC and its other electric cars will account for 15-25 percent of its sales by 2025.

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  • Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains
Texas Students Hang Poster of Themselves in Local McDonald's, Where It Remains

When asked if he had any other requests for the company, Maravilla said yes. McDonald's, however, did not indicate whether it meant to remove Maravilla and Toledo's photo. After a quick photo shoot, and some editing, they created the ideal McDonald's poster complete with the golden arches and the signature fries. A $7 McDonald's thrift shirt wa...

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  • Pressley's upset another win for fresh Democratic voices
Pressley's upset another win for fresh Democratic voices

Pressley is making history; she will become the first African-American Massachusetts voters have sent to the US House of Representatives. "But Pressley is a proven advocate with an understanding of the needs of the district, and she would be a fresh voice in Congress.

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  • Amazon passes $1 trillion in value amid attacks from Trump
Amazon passes $1 trillion in value amid attacks from Trump

A little over a month ago Apple became the world's only trillion dollar publicly traded company . It was a temporary milestone, as Amazon shares hit $2,049.50 Tuesday morning then fell back. It has revolutionised how people shop online and is the world's dominant internet retailer. Amazon's share prices slightly receded after hitting the milesto...

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  • Petrol price to rise by 5 cents
Petrol price to rise by 5 cents

Fuel prices continued to rise on Monday, with petrol and diesel prices touching a new record high in several metropolitan cities, including Delhi and Mumbai. Iran is the third biggest producer in the Organisation of the Petroleum Exporting Countries (OPEC). The prices of both petrol and diesel were raised by the Oil Marketing Companies (OMCs).

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  • Trump Won't Compromise With Canada in NAFTA Deal
Trump Won't Compromise With Canada in NAFTA Deal

The talks are meant to bring Canada into a new trade accord that would replace the North American Free Trade Agreement. I think, at this point, we know what each side needs and we're working hard to find a way. The U.S. and Canada are wrangling over several tough issues, including American demands for greater access to the Canadian dairy market a...

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  • Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver
Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver

Musk didn't take kindly to that statement , and retaliated with now-deleted tweets insisting Unsworth is a paedophile. "According to a subsequent Twitter post, you did so out of anger", Wood wrote , adding that he was "preparing a civil complaint for libel".

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  • Supply pressures add up to rally in crude oil prices
Supply pressures add up to rally in crude oil prices

SP Global Platts says that "this leaves the door wide open for tariffs on two major us energy commodities exported to China in the next round - crude oil and LNG". Brent crude oil futures LCOc1 were at $74.69 per barrel, down 9 cents from their last close. Instead, both countries activated another round of dueling tariffs on US$ 16 billion ...

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  • S&P 500 touches record high, equals longest-ever bull run
S&P 500 touches record high, equals longest-ever bull run

To be sure that the S&P 500 is still in a bull market, it would have to close above its record high set on Jan 26, which it failed to do on Tuesday. CENTRAL BANKS: Aside from that milestone, investors will have a heap of information from central banks, staring Wednesday with the release of the minutes to the U.S.

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  • Moscow calls news USA sanctions groundless, promises response
Moscow calls news USA sanctions groundless, promises response

Rostec representatives initially revealed their claims about a secret hotline to the state-run Sputnik, and other Kremlin-backed outlets reported the company's claims. More will automatically come into place soon unless Russian Federation complies with United States requests, which is unlikely to happen. At his July summit with the Russian lead...

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  • Google employees speak up against 'censored search engine for China'
Google employees speak up against 'censored search engine for China'

Pichai's comments follow reports about Google building a custom-version of its search engine to abide by the Chinese rules and deliver censored search results, Cnet reported . "F-k you", said the male Google employee standing at the microphone during a pivotal moment at the company all-hands meeting on Thursday night. Google originally exi...

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  • U.S. threatens further retaliation against Turkey over pastor
U.S. threatens further retaliation against Turkey over pastor

The almost two-year detention of Brunson , who is being held on terror charges, has soured relations between the two North Atlantic Treaty Organisation allies and sent the lira tumbling. Turkey is reeling from a massive sell-off of its currency as Washington imposed sanctions and threatened new ones if an American pastor under house arrest isn...

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  • The Turkish lira tumbles to 5.86 over threat of more U.S. sanctions
The Turkish lira tumbles to 5.86 over threat of more U.S. sanctions

Highlighting that Qatar is a friend of Turkey in bad times as well as good times, al-Shafi said that Turkey's economic and political stability means the stability of the whole region. The lira's months-long slide has accelerated as a result of the diplomatic standoff with Washington over Brunson's detention. Last week, Trump announced on Tw...

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  • China Files WTO Complaint over U.S. Solar Tariffs
China Files WTO Complaint over U.S. Solar Tariffs

Earlier this month, the Trump administration announced it would impose 25 percent tariffs on $16 billion worth of Chinese imports beginning August 23. In addition to those tariffs, China is dissatisfied with the subsidies the U.S. provides to locally-made photovoltaics. One Chinese executive, speaking on condition of anonymity, told Reuters that ...

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  • Turkish lira firms before minister's presentation
Turkish lira firms before minister's presentation

Turkey's battered lira weakened more than 6 percent against the dollar on Friday, after a USA warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical pastor Andrew Brunson . The White House has complained about Turkey's treatment of Andrew Brunson, the detained American pastor. The Turki...

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  • Qatar Promises $15 Bn Investment In Turkey
Qatar Promises $15 Bn Investment In Turkey

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the rand and drove demand for safe harbours, including the United States dollar, Swiss franc and yen. Erdogan has called for a boycott of USA electronic goods and Turkish media have given extensive coverage to anti-US protests, i...

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  • China to send delegation for U.S. talks to avert trade war
China to send delegation for U.S. talks to avert trade war

Vice Commerce Minister Wang Shouwen, the deputy representative on global trade negotiations, will meet with a senior USA treasury official, David Malpass, at the invitation of the United States, the ministry said in a statement . China and the United States have engaged in a round of reciprocal tariffs since July 6, when Washington officially impo...

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  • Oil falls 2 percent as focus shifts to softer demand outlook
Oil falls 2 percent as focus shifts to softer demand outlook

BMI Research said oil markets would "struggle for direction, as uncertainty around both the impact on supply from the Iranian sanctions and escalating trade tensions between the USA and China persists". For the moment the IEA did not change its forecast for global demand for oil to increase by 1.4 mbd. U.S. and Brent crude are under pressure ea...

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  • Albanians among dead in Italy bridge collapse
Albanians among dead in Italy bridge collapse

Eye-witness Ivan, 37, evacuated on Tuesday from the nearby building where he works, described the collapse as unbelievable. Images from the scene showed a mangled mass of buckled vehicles and slabs of bitumen torn up as the bridge, built in the late 1960s, came tumbling down.

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  • Turkey doubles tariffs on some U.S. goods amid rising tensions
Turkey doubles tariffs on some U.S. goods amid rising tensions

The development on Wednesday comes amid escalating tensions between Turkey and the United States , its North Atlantic Treaty Organisation ally. "It took place on the margins of the North Atlantic Treaty Organisation summit", the source said .

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  • Firefighters gain on major California blazes as heat wave breaks
Firefighters gain on major California blazes as heat wave breaks

About 3,900 firefighters, including a crew of 40 volunteers from New Zealand, had been battling the fire, contending with temperatures in the high 90s and winds gusting to 25 miles per hour. It is now the sixth most destructive fire in California history, Shanley said. In a video of the hearing, Clark can be seen making several outbursts and call...

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  • Investors sue Tesla's Musk over go-private tweets
Investors sue Tesla's Musk over go-private tweets

Many in United States financial circles are wondering where he will he get all this money, and have turned skeptical despite the reverence in which they normally hold Musk , who founded the company in 2003 to transform cars into tech marvels.

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  • Erdogan under pressure as Turkish lira plunges to record low
Erdogan under pressure as Turkish lira plunges to record low

Turkey has so far refused to comply, prompting Trump on Friday to double the tariffs on USA imports of Turkish steel and aluminium, causing the lira to plunge. He specifically pointed to the lira being under pressure from US President Donald Trump. Altun said a perception operation is going on over those remarks of Erdogan.

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  • Giant Saudi fund emerges as backer of bid for Elon Musk's Tesla
Giant Saudi fund emerges as backer of bid for Elon Musk's Tesla

Musk says in a blog posted Monday that most of the funding would be in stock rather than debt. A Saudi sovereign wealth fund is in talks that could make it a significant investor in Tesla if it is taken private. In a tweet on Sunday, the nation's Energy Department said Saudi Arabia now is working to develop a city to support the supply of raw...

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  • Horizon Air Q400 Hijacked from Seattle
Horizon Air Q400 Hijacked from Seattle

The aircraft then crashed into Ketron Island, 40 km to the southwest of the Seattle/Tacoma Airport. A plane that reportedly took off without permission has sparked a major security incident at Seattle-Tacoma global airport. In audio recordings, air traffic controllers could be heard trying to guide the man to land the plane . "Military jets we...

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  • Chinese exports accelerate as U.S. prepares new tariffs in heated row
Chinese exports accelerate as U.S. prepares new tariffs in heated row

The first round of President Donald Trump's punitive tariffs on China will hit the full $50 billion in goods starting August 23, the government announced Tuesday . The president remains confident that his "America First" overhaul of USA trade policy is paying dividends. Schneider National Carriers Inc. and other firms testified during a hearing Ju...

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  • Elon Musk says taking Tesla private is 'best path'
Elon Musk says taking Tesla private is 'best path'

Since Tesla is also the most shorted stock in history, Musk said the company's doubters have incentive to bash the company and depress the company's share price. The goal, Musk added, was not to tighten his grip on Tesla. Netflix stock moved higher as a result. What on earth is happening to Tesla stock today? Tesla's stock spiked Tuesday af...

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