• European Union to impose duties on USA imports on Friday after Trump tariffs
European Union to impose duties on USA imports on Friday after Trump tariffs

The European Commission formally adopted a law putting in place the duties on €2.8 billion (S$4.4 billion) worth of United States goods, including steel and aluminium products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motorcycles.

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  • OPEC sees strong oil market, possible need for more output
OPEC sees strong oil market, possible need for more output

Crude was also weighed down by expectations that producer cartel Opec and key ally Russian Federation will gradually increase output. Last year, OPEC members unanimously agreed on the oil price of 60 US dollars per barrel, by cutting oil output by 1.2 million barrels per day (bpd) to 32.5 million bpd.

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  • Opec resistance to Saudi supply plan grows as Iraq objects
Opec resistance to Saudi supply plan grows as Iraq objects

Meanwhile, IEA sees non-OPEC supply rising by 2 million bpd this year, lead by growth from the U.S. But infrastructure and logistics could constrain growth and the IEA only sees supply growth of 1.7 million bpd in 2019. Indian Oil Corporation (IOC) chairman Sanjiv Singh met Wang Yilin, chairman of China National Petroleum Corporation (CNPC) in Be...

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  • Euro Suffers Biggest Fall Since October as ECB Reveals Interest Rate Policies
Euro Suffers Biggest Fall Since October as ECB Reveals Interest Rate Policies

Futures indicated a lackluster start on Wall Street. It is not clear when Trump will activate the measures, but rising Sino-U.S. trade tensions will put more pressure on China's economy, which is starting to show signs of cooling after a multi-year crackdown on riskier lending.

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  • Hawaii Whole Foods stores to offer Amazon Prime discounts
Hawaii Whole Foods stores to offer Amazon Prime discounts

Whole Foods in Kakaako. The companies said Monday that Prime benefits will become available at the point of sale in Whole Foods stores in 10 more states starting June 13. The discount applies only to Prime members. Amazon also is selling some of its tech products, such as the Echo and Kindle, in Whole Foods stores as well as giving Prime members ...

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  • Judge approves AT&T-Time Warner merger opposed by Trump
Judge approves AT&T-Time Warner merger opposed by Trump

On the campaign trail in October 2016 , then-candidate Donald Trump spoke in Gettysburg, Pa. "We continue to believe that the pay-TV market will be less competitive and less innovative as a result of the proposed merger between AT&T and Time Warner", he said in a statement .

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  • Dominos Is Paving Roads To Protect Your Pizza
Dominos Is Paving Roads To Protect Your Pizza

The initiative is aimed at 'saving pizza.' Picture courtesy of Domino's Pizza ."Have you ever hit a pothole and instantly cringed?" Domino's is on a mission to save your pizza. A spokesperson called it "an extremely isolated incident, confined to a single store". For its latest move to get your pizza dollar, however, Dominos has something slight...

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  • Phillies poke fun at IHOP with ridiculous name change
Phillies poke fun at IHOP with ridiculous name change

As soon as pancake chain IHOP (aka pancakes) announced its name change to IHOB (aka burgers) starting Monday, the restaurant world and its PR teams sharpened their knives and starting tweeting . But most fans figured out it was just a way to get people talking. Twitter users also shared images of the signage changing at locations around the...

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  • Ghana football head Kwesi Nyantakyi banned by Fifa over 'cash gift'
Ghana football head Kwesi Nyantakyi banned by Fifa over 'cash gift'

Mr Nyantakyi has not replied to multiple requests for comment while the GFA has said it would cooperate with any investigation. Ghana's Sports Minister Isaac Asiama has stated that the association will be "dissolved with immediate effect", Ghana Web reports.

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  • Kim Jong Un impersonator held by Singapore immigration
Kim Jong Un impersonator held by Singapore immigration

Very senior officials from the United States and South Korea have set the tone here, with a huge though indirect assist from Kim Jong Un himself. "You know, President Trump has talked about a Nobel Peace Prize , he certainly isn't going to get it.

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  • ZTE reportedly signs deal that would end export ban
ZTE reportedly signs deal that would end export ban

In April, the Commerce Department barred ZTE from importing American components for seven years, having concluded that it deceived US regulators after it settled charges last year of sanctions violations: Instead of disciplining all employees involved, Commerce said , ZTE had paid some of them full bonuses and then lied about it.

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  • Musk Reveals New Tesla Roadster Will Have Insane SpaceX Performance Option
Musk Reveals New Tesla Roadster Will Have Insane SpaceX Performance Option

The world's largest sovereign wealth fund, Norway's US$1-trillion Government Pension Fund Global, voted in favor of a proposal to separate Elon Musk's chairman and CEO roles at Tesla at the EV maker's shareholders' meeting on Tuesday.

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  • 'Frank' trade discussions in Beijing: US commerce secretary
'Frank' trade discussions in Beijing: US commerce secretary

The warning from Beijing got here after delegations led by U.S. Commerce Secretary Wilbur Ross and China's high financial official, Vice Premier Liu He, wrapped up talks on Beijing's pledge to slim its commerce surplus. But others, including US Trade Representative Robert Lighthizer, are known to take a more hawkish stance. "The "just say...

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  • Donald Trump Again Demands Apology From Disney's Bob Iger
Donald Trump Again Demands Apology From Disney's Bob Iger

Roseanne Barr took to Twitter early Wednesday morning to suggest that the racist tweet she sent about former Obama adviser Valerie Jarrett , which prompted ABC to cancel her sitcom , was the result of taking the prescription drug Ambien.

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  • Trump's tweet about jobs report raises questions
Trump's tweet about jobs report raises questions

The jobs report proved strong and beat expectations, revealing that the USA economy added 223,000 jobs in May. "Looking forward to seeing the employment numbers at 8:30 this morning", Trump tweeted - a full 69 minutes before the Labor Department released its jobs report.

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  • European Union joins battle vs.Trump tariffs
European Union joins battle vs.Trump tariffs

These items include yogurt, coffee, sugar, toilet paper, sailboats, mattresses, washing machines and lawn mowers - all aimed at exerting pressure on key USA states that export a lot to Canada. Germany's Volkswagen, Europe's largest automaker, warned that the decision could start a trade war that no side would win. "But as the CBI have said, we do...

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  • Richmond’s Sugar Shack Donuts makes list of Best Doughnut Shops in America
Richmond’s Sugar Shack Donuts makes list of Best Doughnut Shops in America

No purchase is necessary! They will be honoring the work of the " Donut Lassies " who helped get the sweet treats to soldiers during World War I. Krispy Kreme Australia's Head of Marketing and e-Commerce Russell Schulman described National Doughnut Day as "the most wonderful day of the year".

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  • Tesla Model 3 software update earns Consumer Reports' approval
Tesla Model 3 software update earns Consumer Reports' approval

Last week, after CR's road test was published, Tesla CEO Elon Musk tweeted that the firm would fix the issue "within days". Indeed according to Consumer Reports , post-update the Model 3 has cut almost 20 feet from its braking distance.

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  • Nation's surgeon general helps rescue sick passenger at Fort Lauderdale airport
Nation's surgeon general helps rescue sick passenger at Fort Lauderdale airport

After tweeting about the incident, Adams added in a Facebook post that he was one of three medical professionals on board the flight who helped the patient. The U.S. Surgeon General responded to a medical emergency onboard a Delta flight on Thursday. The airline also thanked Adams via social media. Adams was traveling to MS for public events Th...

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  • Footnote in Trump report lists Cohen payment
Footnote in Trump report lists Cohen payment

His lawyer has said he paid porn star Stormy Daniels to keep quiet about an affair she had with Trump . The president's failure to disclose that he repaid Cohen for the pre-election payout to Daniels has now been referred to the Department of Justice .

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  • Tarsus Group plc (LON:TRS) Weekly Ratings on May 15, 2018
Tarsus Group plc (LON:TRS) Weekly Ratings on May 15, 2018

Brinker Capital holds 15,695 shares. Citadel Advsr Ltd invested 0% in Schroders plc (LON:SDR). Moreover, Northern Tru Corp has 0% invested in Tarsus Group plc (LON:TRS) for 551,953 shs. James's Place in a research report on Thursday, April 5th. The firm has "Neutral" rating by Mizuho given on Thursday, May 26. On Tuesday, March 21 the stock rating ...

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  • Seattle scales back tax in face of Amazon's revolt, but tensions linger
Seattle scales back tax in face of Amazon's revolt, but tensions linger

The Seattle City Council on Monday passed a plan to tax businesses making at least $20 million in gross revenues about $275 per full-time worker each year. The tax would end after five years unless renewed by the city. Seattle should be a place for businesses to come, but the council seems content with passing laws that will shun this city from e...

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  • Abe seeks Trump visit after Kim talks
Abe seeks Trump visit after Kim talks

WASHINGTON-A former senior US diplomat from the Obama administration said that President Trump's recent decision to withdraw from the Iran nuclear deal would not adversely affect USA negotiations with North Korea, contrary to the opinion of many of Trump's critics.

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  • Tesla bursts into flames after fatal crash in Switzerland
Tesla bursts into flames after fatal crash in Switzerland

A photo released by the South Jordan Police Department shows a traffic collision involving a Tesla Model S sedan with a Fire Department mechanic truck. A 48-year-German driver died on Thursday when his auto hit a barrier on a motorway in the canton of Ticino, southern Switzerland. This past March , the agency opened an investigation after a Moun...

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  • Trump pledges to help Chinese phone maker that was hurt by sanctions
Trump pledges to help Chinese phone maker that was hurt by sanctions

At the time, the company said it was still assessing the impact of being placed on the Commerce Department's blacklist. The company said Sunday it had submitted a request to the United States commerce department for a stay of the export ban, along with supplemental information.

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  • Oil could hit $100 a barrel in 2019: Bank of America
Oil could hit $100 a barrel in 2019: Bank of America

United States president Donald Trump's decision to reinstate sanctions on Iran will not have much impact on India's trade relations with Iran, Commerce Secretary Rita Teotia said on Wednesday. That's about 1 million barrels a day more than in early 2016. "He proposed no new strategy". Iran has said it is studying whether it can still reap ...

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  • Walmart Invests $16 Billion in Flipkart
Walmart Invests $16 Billion in Flipkart

A few months later, Kalyan Krishnamurthy , a senior executive from Flipkart's largest investor, Tiger Global, who was interim CFO at the e-commerce giant in 2013-14, came back as head of category design. and Gibson, Dunn & Crutcher LLP as outside counsel to Walmart. Walmart is keen on gaining market share in India, where Flipkart claims to hav...

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  • Bill Gates says he'd bet against Bitcoin
Bill Gates says he'd bet against Bitcoin

Warren Buffett and Bill Gates are claiming that the cryptocurrency markets are colliding with the basics of investing. "It's buying something because you expect the pool of people who want to buy it because they want to sell it to somebody else, will grow".

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  • California Energy Commission to vote on solar-required home building
California Energy Commission to vote on solar-required home building

Homes that are shaded by trees or taller buildings, as well as houses with roofs too small to accommodate a PV system, would be eligible for exceptions or alternatives to the mandate. As explained in a blog from the Natural Resources Defense Council (NRDC), the policy, which is the first of its kind in the US, "will combine rooftop solar panels ...

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  • Warren Buffett Thinks Bitcoin Will
Warren Buffett Thinks Bitcoin Will "Come To Bad Endings"

Gates dismissed bitcoin as an asset class saying it does not support any real production activity and as such, there was no reason why it should be expected to increase in value . "It's kind of a pure "greater fool theory" type of investment", he said. By design, Bitcoin price and other cryptocurrencies like it are very hard to anticipate in...

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  • Takeda, Shire agree on $62 billion takeover deal
Takeda, Shire agree on $62 billion takeover deal

On Tuesday, Takeda pledged to quickly reduce the debt and maintain the company's investment grade credit reading. To pay the cash fraction of the deal, Takeda told that it had acquired a loan facility of $31 billion with Sumitomo Mitsui Banking Corp., JP Morgan Chase Bank NA, and MUFG Bank Ltd., among others.

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  • Scattered storms Saturday, cloudy but dry Sunday
Scattered storms Saturday, cloudy but dry Sunday

The second half of the week will be a different story. The warm sector can have severe storms, but moving through in the morning makes widespread severe weather unlikely right now. Rain chances will be highest ahead of its arrival. Showers and thunderstorms are likely today with gusty winds and some heavy rainfall still possible.

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  • Prudential PLC (LON:PRU) Rating Reiterated at Credit Suisse Today
Prudential PLC (LON:PRU) Rating Reiterated at Credit Suisse Today

St Johns Inv Mngmt Commerce Lc owns 0% invested in Prudential plc (LON:PRU) for 53 shares. Paloma Ptnrs Mgmt accumulated 7,679 shares or 0.01% of the stock. Deutsche Bank maintained CRH plc (LON:CRH) on Wednesday, January 10 with "Hold" rating. The stock rating was maintained by Deutsche Bank with "Sell" on Friday, December 1.

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  • Elon Musk's
Elon Musk's "Tesla Tantrum" Cost Him $300M In One Day

Well, to be fair, Musk didn't so much as refuse to answer the question as he mocked the analyst for broaching it in the first place. In tweets to his 21.6 million followers, Elon Musk said that the two analysts he had cut off during a call on Wednesday had been advancing a thesis that investors should "short" shares in Tesla , betting on further...

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  • Imperial Capital Lowers Southwest Airlines (LUV) Price Target to $68.00
Imperial Capital Lowers Southwest Airlines (LUV) Price Target to $68.00

Department of Transportation as "The Southwest Effect", a lowering of fares and increase in passenger traffic wherever the carrier serves. CFM itself had first recommended more inspections using ultrasound and electrical currents after an engine broke apart on another Southwest plane in 2016.

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  • Unemployment Rate Drops to 17-Year Low, Economy Adds 164000 Jobs
Unemployment Rate Drops to 17-Year Low, Economy Adds 164000 Jobs

Earlier this week, the Fed opted not to lift rates, saying that inflation is close to the target and suggesting that there wasn't a need to interrupt their slow-but-steady approach. Companies like Apple AAPL.O have used their tax windfall for share buybacks and dividends. "I thought the jobs report was very good". President Trump celebra...

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  • Golden State Killer suspect Joseph DeAngelo expected in court
Golden State Killer suspect Joseph DeAngelo expected in court

The drawing on the right is an amended version of the left based on further questioning of witnesses to the slaying of a cab driver. But first, they need to obtain a profile of one of California's most elusive criminals. "I think we'll see more investigations use this technique". DeAngelo also is suspected of committing more than 45 rapes . ...

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  • Volkswagen's ex-CEO charged in U.S. for diesel cheating
Volkswagen's ex-CEO charged in U.S. for diesel cheating

Winterkorn said at the time of his resignation that he wasn't aware of any wrongdoing. US Attorney General Jeff Sessions , Environmental Protection Administration chief Scott Pruitt and other senior Trump administration officials issued statements criticizing VW with the indictment .

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  • Austin-area Boy Scouts leader reacts to name change
Austin-area Boy Scouts leader reacts to name change

He believes the name change takes away from the organization's original mission. "We wanted to land on something that evokes the past but also conveys the inclusive nature of the program going forward", he said. Several months before that, the group announced it would accept and register transgender youths into its organization. In February 201...

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  • Thanks to Flipkart, India now a battleground for Walmart vs Amazon
Thanks to Flipkart, India now a battleground for Walmart vs Amazon

New Delhi , May 3 Global retail giant Walmart is inching close to sealing the deal to buy a majority stake in Flipkart for as much as United States dollars 12 billion, even though rival Amazon is still jostling to turn the deal in its favour, sources said.

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