• 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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  • Trump says tariffs working far better than anticipated
Trump says tariffs working far better than anticipated

March 15: President Trump signed an executive order to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from China and several other countries . The new list included more machinery and aerospace products. After weeks of half-measure negotiations between the two countries, talks have broken down and now both...

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  • Oil prices mixed after inventory-fueled spike
Oil prices mixed after inventory-fueled spike

According to the Weekly Petroleum Status Report , U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 million barrels last week. "Chinese demand from the independent refiners is also lower while the escalating trade war also doesn't help sentiment". "A lot of this is the risk premium pr...

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  • Scattered protests in Iran as US sanctions loom
Scattered protests in Iran as US sanctions loom

Francis Fannon, the assistant secretary of state for the Bureau of Energy Resources, was recently in China to discuss sanctions, according to a State Department spokesperson. On the back of renewed tensions between Iran and the USA, the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the...

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  • US Economy Adds Fewer Jobs Than Expected In July
US Economy Adds Fewer Jobs Than Expected In July

Total nonfarm payrolls increased by 157,000 for the month, below the 190,000 expected in a Reuters survey of economists and the lowest gain since March. Goods-producing jobs, which have been adding workers at a robust clip in recent quarters, posted further gains: The manufacturing sector increased payrolls by 37,000, the most since December and ex...

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  • Bank of England raises key rate to 0.75% in surprise unanimous vote
Bank of England raises key rate to 0.75% in surprise unanimous vote

Tej Parikh, senior economist at the Institute of Directors, said:"The Bank has jumped the gun with the today's rate hike". But the same market on August 1 slipped 85 points even though commentators said the second rate hike was on "expected lines".

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"Reasonably priced" Galaxy Note 9 launch date could have leaked

The latest Industry data has revealed that Samsung posted sales of $52.1 billion, but if you look carefully, the difference between the operating profits of both tech giants is nothing too extraordinary. In mobile, demand for high-density storage for new smartphones and high-end models is likely to remain robust. Samsung said it expecte...

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  • Tesla Reports Record $717.5 Million Net Loss in Second Quarter
Tesla Reports Record $717.5 Million Net Loss in Second Quarter

Analysts have questioned whether the 5,000 rate would be sustainable. This high-grading of the backlog combined with the reduction in the government subsidy by early next year, new product delays and the emergence of viable competition for the Models S and X means that 2019 should be a very challenging year for TSLA .

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  • USA sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson
USA sanctions Turkish government ministers over detained Pastor Andrew Craig Brunson

State Department spokesperson Heather Nauert said the United States. has grown exhausted of waiting for Turkish action on the matter. The White House announced that the U.S.is imposing sanctions on Turkey's minister of justice and minister of the interior over their country's treatment of the Rev.

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  • Apple Earnings: Shares Gain 3% in After Hours
Apple Earnings: Shares Gain 3% in After Hours

However, the average selling price of each handset increased significantly, suggesting the company has lured its customers into shelling out more for its devices even in a slowing smartphone market. The company's stock is up 12% this year because of high sales of the iPhone 8 and X. Warren Buffett is one of the top investors in Apple . Apple ...

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  • Harley-Davidson announces Royal Enfield rival
Harley-Davidson announces Royal Enfield rival

In a slideshow released by the company, it describes how moving into EV technology will keep them competitive as they reposition the brand to embrace the opportunities presented by a market gradually making the shift to zero emissions vehicles.

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  • PSC rescinds Charter - Time Warner merger approval
PSC rescinds Charter - Time Warner merger approval

The PSC has ordered Charter to file a plan with the commission within 60 days to "ensure an orderly transition to a successor provider (s)". After more than a year of administrative enforcement efforts to bring Charter into compliance with the commission's merger order, the time has come for stronger actions to protect New Yorkers and the public ...

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  • Facebook market value plunges $119 billion
Facebook market value plunges $119 billion

It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion. The company also said revenue growth from emerging markets and the company's Instagram app, which has been less affected by privacy concerns, would not be enough to fix the damage.

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  • Winning Mega Millions jackpot ticket sold in California
Winning Mega Millions jackpot ticket sold in California

The numbers were 1, 2, 4,19, 29, and Mega Ball 20. In addition to the $522 million victor, eight tickets matched the five white balls to win the game's second prize. One person in MI did match all five balls - which is a million dollar prize. That means despite Tuesday's jackpot being smaller, the victor will still take home a higher sum of m...

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  • Trump, EU president make joint statement amid trade tensions
Trump, EU president make joint statement amid trade tensions

Prices for soybeans have already fallen by more than 15% since April , when China - a major buyer of the crop - announced its plans to retaliate. He confirmed that the European Union will build more terminals in order to import liquid natural gas (LNG) from the US. The deal came amid fears that Trump was going to escalate his European Unio...

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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

The company's growth numbers also slowed down notably: Daily active users only increased 11% year-over-year, to the tune of 1.47 billion on average during the month of June. Many Facebook analysts hope that Instagram's growth will help offset any stagnation at the older social network. The new General Data Protection Regulation (GDPR) in the Eu...

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  • Federal aid to Iowa farmers provides 'short-term fix... not a long-term solution'
Federal aid to Iowa farmers provides 'short-term fix... not a long-term solution'

Senator Ben Sasse, a Nebraska Republican, said in a statement: "This trade war is cutting the legs out from under farmers and White House's "plan" is to spend $12 billion on gold crutches". When the conditions were struck, the USA favored a 25 percent tariff on European trucks and SUVs. "Ryan's comments come just hours after Trump tweeted that ...

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