• Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport
Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport

Video taken by a bystander showed the passenger airplane making an unlikely upside-down aerial loop, then flying low over Puget Sound before crashing into the sparsely populated Ketron Island in the northwestern USA state of Washington. Washington Gov. Jay Inslee thanked the fighter pilots for keeping residents safe. The person who took the plan...

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  • As Turkey Crisis Mounts, Contagion Jitters Hit Global Banks
As Turkey Crisis Mounts, Contagion Jitters Hit Global Banks

Turkey says doubled tariffs on Turkish steel and aluminium announced by US President Donald Trump are against the rules of the World Trade Organisation (WTO). The Nasdaq composite was down more than 0.8 percent as technology stocks also dropped. The Turkish lira hit an all-time low against the dollar on Friday, and there are growing con...

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  • Russian Federation calls fresh United States sanctions
Russian Federation calls fresh United States sanctions "illegal"

After all, the sanctions only cover technology or goods that might be sensitive to national security, a restriction most would have assumed was already in place, and the sanction can be suspended in some instances such as space flight cooperation".

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  • Trump going ahead with taxes on $16B in Chinese imports
Trump going ahead with taxes on $16B in Chinese imports

This list of imports, valued at about $16 billion, follows the first round of tariffs that went into effect July 6 , representing some $34 billion of products. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs. Washington farmers export more sweet cherries to China than any other country.

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  • Indian Oil buys USA crude to part replace Iran cargoes
Indian Oil buys USA crude to part replace Iran cargoes

The weakness was pronounced at China's independent oil refineries, known as teapots, which the market views as an indicator of real demand for the world's second biggest oil consumer, Kilduff said. Brent for October settlement traded at $72.44 a barrel on the London-based ICE Futures Europe exchange. The nation's biggest refiner said in Ma...

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  • Elon Musk says he's considering taking Tesla private
Elon Musk says he's considering taking Tesla private

Making money has proven elusive for Tesla while it has been investing in electric auto technology and ramping up production of its vehicles, including a sedan with a starting price of $US35,000 to appeal to a broader audience. That has driven the stock lower and raised concerns about whether Tesla will need to sell more shares to pay for expansio...

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  • Scattered protests in Iran as United States sanctions loom
Scattered protests in Iran as United States sanctions loom

Iran will not sit down for negotiations under pressures, in particular with U.S. President Donald Trump who "has breached obligations", Iran's Foreign Ministry Bahram Qasemi said Saturday. He called Washington's attempt to reduce Iran's oil exports to zero was " mindless " and a sign that the Trump administration has not " thought about its...

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  • USA job creation slows as employers scrounge for labor
USA job creation slows as employers scrounge for labor

The gains came from white-collar professional firms as well as manufacturing which filled 37,000 jobs. The overall unemployment rate inched down to 3.9 percent from 4 percent the month before, the Bureau of Labor Statistics (BLS) reported .

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  • China appeals for USA calm after new tariff threat
China appeals for USA calm after new tariff threat

U.S. President Donald Trump attends a meeting with inner city pastors at the Cabinet Room of the White House in Washington D.C., U.S., August 1, 2018. The $200 billion list of goods targeted for tariffs - which also include Chinese tilapia fish, printed circuit boards and lighting products - would have a bigger impact on consumers than previous...

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  • Indian central bank raises rates for second time
Indian central bank raises rates for second time

The cost of borrowing for Indians will rise after the Reserve Bank of India raised benchmark interest rates by 25 basis points to 6.5 per cent. The reverse repo rate was also raised by 25 basis points, to 6.25 percent. Image copyright Reuters Image caption The Bank of England is expected to raise interest rates to 0.75% How has the economy ...

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  • Tesla posts $717m loss yet beats revenue predictions
Tesla posts $717m loss yet beats revenue predictions

That was worse than Wall Street estimates of a $2.88 loss per share. The latest report is somewhat more optimistic on that front, showing a significant bounce in revenues from Model 3 production, up from $3.4 billion in the first quarter to just over $4 billion in the last quarter.

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  • USA hits Turkey with sanctions over American pastor's detention
USA hits Turkey with sanctions over American pastor's detention

He is facing up to 35 years in prison if found guilty of supporting the coup. "We believe he's a victim of unfair and unjust detention", White House press secretary Sarah Sanders said. Imposing sanctions on senior government officials of an allied country is a major escalation and a reflection of just how dire relations between Washington and A...

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  • Apple reports best June quarter ever driven by services, wearables growth
Apple reports best June quarter ever driven by services, wearables growth

Propelled by the rise of Apple Music and app subscriptions, services have quickly become a major revenue contributor for the company. Shares in the Silicon Valley-based technology titan rose 3.96 per cent to US$197.83 in after-hours trade that followed release of the earnings figures, putting its market capitalisation at US$956 billion.

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  • Harley Davidson forays into entry-level 250-500cc class motorcycles
Harley Davidson forays into entry-level 250-500cc class motorcycles

Industry experts have said electric motorcycles - that have no gears or clutch and are a far cry from Harley's loud, bulky cruising bikes - may not appeal to loyal Harley fans. Harley-Davidson is also changing its retail strategy and expanding its push internationally following declining USA sales. Harley-Davidson sells 16 models in India ranging...

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  • US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin
US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin

Citing the European Union official, the Journal said the US and European Union delegations were still working on language in a joint statement that would address the contentious issue of tariffs on automobiles. Pat Roberts, R-Kan. The biggest news from the Trump-Juncker meeting is that it appears to have delayed an impending trade war over auto...

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  • Trade deal with European Union trade greater in scope than expected - U.S
Trade deal with European Union trade greater in scope than expected - U.S

FOUR TRADE PRINCIPLES: High-level trade negotiations will follow the 4 principles agreed to by President Trump and President Juncker. Juncker says he came to America to make a deal, which they've done. Fred Bergsten, senior fellow and director emeritus of the Peterson Institute for International Economics, said an agreement with Europe would al...

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  • Twitter shares hammered, as bad week in social media business gets worse
Twitter shares hammered, as bad week in social media business gets worse

Twitter's stock plunged Friday after it reported a decline in its monthly users and warned that the number could fall further in the coming months. "They're cleaning up a lot of MAUs that are not good or real", said Richard Greenfield, an analyst at BTIG, referring to monthly active users.

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  • Facebook heading for its worst trading day ever
Facebook heading for its worst trading day ever

Facebook is the largest social media company in the world, with Twitter the second-largest behind what Mark Zuckerberg created. But those days are now gone, as the company's second-quarter earnings call made clear. Investors began to panic after the social media company said during an earnings call Wednesday that revenue growth would continu...

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  • $522M Mega Millions Ticket Sold In California; $3M Winner In Massachusetts
$522M Mega Millions Ticket Sold In California; $3M Winner In Massachusetts

The winning ticket was sold at Ernie's Liquors on South White Road, lottery officials said. 1, 2, 4, 19, 29, and the Mega Ball was 20. "Congratulations to California for taking home the fifth-largest jackpot in Mega Millions history".

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  • USA to give farmers $12bn trade war bailout
USA to give farmers $12bn trade war bailout

The U.S. and China have threatened to impose 25 percent tariffs next week on $16 billion of each other's goods. Amid turbulent, transatlantic trade relations, sparked by USA tariffs on EU steel and aluminium, EU Commission President Jean-Claude Juncker will try and calm things down in Washington .

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  • Facebook's value falls $148 billion after Q2 earnings call
Facebook's value falls $148 billion after Q2 earnings call

The key metric of monthly active users rose 11 percent to 2.23 billion, below most estimates of 2.25 billion, while daily active users grew a weaker-than-expected 11 percent to 1.47 billion. Also alarming to investors: Facebook's growth is slowing with users in some of its most lucrative markets. Facebook said mobile made up 91 per cent of ad...

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  • Tesla asked suppliers for money back to boost profitability
Tesla asked suppliers for money back to boost profitability

Concern that the memo signalled that money-losing Tesla was scrambling to find cash to fund its current operations and multiple long-term projects sent shares down. Itay Michaeli, an analyst for Citi Investment Research, said automakers sometimes ask for discounts from suppliers, but those are relatively minor matters.

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  • Fiat Chrysler replaces CEO Sergio Marchionne for health reasons
Fiat Chrysler replaces CEO Sergio Marchionne for health reasons

He has led Jeep since Chrysler LLC exited bankruptcy nine years later under a Fiat deal. The CEO of Fiat since 2004, Marchionne has long said he planned to step down in 2019 as CEO of the FCA automobile manufacturer. The passenger-car brands of Fiat and Chrysler have been less profitable. Born in 1955, Camilleri had joined Altria Group, w...

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  • Trump Ups the Ante in the U.S.-China Trade War
Trump Ups the Ante in the U.S.-China Trade War

On Chinese tariffs, Trump said he was "ready to go to 500", referring to the roughly $505 billion (€431 billion) in Chinese goods imported to the U.S. It expects that 700,000 jobs would be lost. That "could destroy market tension and volatility and drive a gap higher in risk sentiment", he said. Political messaging in the video is less than subtl...

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  • Women Politicians Laud Move To Make Sanitary Pads Tax
Women Politicians Laud Move To Make Sanitary Pads Tax

Earlier this year, Akshay had starred in his home productions film Pad Man, which narrated the story of Arunachalam Muruganantham, who introduced the low-priced sanitary napkins. Sources, however, said the tax rate reduction is likely to cost around Rs 8,000-10,000 crore annually to the exchequer. The government and GST Council have been responsi...

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  • Microsoft's Cloud Proves It's Worth the Big Price
Microsoft's Cloud Proves It's Worth the Big Price

Azure has a 16 per cent share of the global cloud infrastructure market, putting it in second place behind Amazon Web Services according to estimates made in April by Canalys. In all, Microsoft continues to rack up some impressive consumer-facing wins even as the company evolves into a mature 1990's IBM-like hybrid business.

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  • Trump 'ready' to tax all Chinese imports
Trump 'ready' to tax all Chinese imports

Tariffs on another $16 billion of electronics and components are scheduled and the Trump administration has threatened to target another $200 billion of Chinese products with tariffs , a move that would raise prices for Americans and hurt China's economy.

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  • Oil prices fall after surprise rise in US inventories
Oil prices fall after surprise rise in US inventories

US WTI traded at $67.07, while Brent crude was trading down at $72.33. Brent has fallen about 8 percent from last week's high above $79 on emerging evidence of higher production from Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries, as well as Russian Federation and the United States.

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"Android Created More Choice For Everyone": Google After EU Slaps Fine

She further went on to state how these restrictions have denied consumers the opportunity to benefit from a healthy competition between the tech giant and its rival, deeming any such practices illegal. "A healthy, thriving Android ecosystem is in everyone's interest, and we've shown we're willing to make changes", he added. European Union o...

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  • Diver Who Helped Thai Boys May Sue Elon Musk For 'Pedo' Comment
Diver Who Helped Thai Boys May Sue Elon Musk For 'Pedo' Comment

Musk's posts on Twitter sparked backlash from shareholders and Silicon Valley analysts, who called his behavior immature and an impediment to the vehicle company's success. Earlier this month, Musk criticized the media for "negative" coverage of Tesla, and in May said he would create a site where people could rate the trustworthiness of an art...

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  • Elon Musk Could Send 'Escape Pods' To Rescue Trapped Boys In Thailand
Elon Musk Could Send 'Escape Pods' To Rescue Trapped Boys In Thailand

Billionaire tech entrepreneur Elon Musk has dispatched a team of engineers to Thailand to assist in the rescue of the trapped Thai youth football team and their coach. They became trapped inside the Tham Luang Nang Non cave, which is believed to be about 4-5 miles long . Rescuers have been working on a variety of plans , including teaching th...

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  • Amazon Prime Day Will Be July 16th But Some Deals Start Today
Amazon Prime Day Will Be July 16th But Some Deals Start Today

You can start adding items that you think you'd like to get into your wish list now, and if you install Amazon Assistant onto your desktop, you'll get notifications when deals go live. What tips can get me the best deals? That does hold true for some products, but most good deals barely last a few hours (some last only a few minutes).

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  • Lance Stephenson agrees to join Los Angeles Lakers on one-year deal
Lance Stephenson agrees to join Los Angeles Lakers on one-year deal

Currently, the rule serves as a way to force players to either complete one year of college basketball in the United States, or travel overseas to play in an worldwide pro league for one season. Two years later, it was back to the Cavs. "This might be bad for Cleveland, bad for the Eastern Conference, and, if Kawhi arrives behind James, bad for...

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  • Tesla Builds 5000 Model 3s In The Final Week Of June
Tesla Builds 5000 Model 3s In The Final Week Of June

Amid a cash crunch, Tesla has focused on Model 3 options with sticker prices above $US65,000, as opposed to the more affordable $US35,000 base model, which it has yet to begin building. Doug Field, Tesla's second most senior engineer at Tesla after CTO JB Straubel, has been on leave from the automaker since May, but we now learn that he will no...

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  • Trump backs off claim of convicing Saudi Arabia to boost oil production
Trump backs off claim of convicing Saudi Arabia to boost oil production

It did not elaborate. But in a statement Saturday evening, the White House said King Salman bin Abdulaziz affirmed that Saudi Arabia has 2 million barrels per day (bpd) of spare production capacity "which it will prudently use if and when necessary to ensure market balance and stability , and in coordination with its producer partners, to resp...

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  • Canada announces billions of dollars in tariffs against US
Canada announces billions of dollars in tariffs against US

The federal government will use a series of tools to offer financial aid to the industries affected by American tariffs on steel and aluminum, including funding and loans from the Export Development Canada (EDC), the Business Development Bank of Canada and the Strategic Innovation Fund that is run by the department of Innovation.

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  • Toys R Us closes final stores Friday
Toys R Us closes final stores Friday

More than 700 Toys "R" Us stores are shuttering in the United States. "Every Toys "R" Us worker is leaving with zero, and Bain Capital is leaving with $475 million in profits", said Forbes, citing a report by Bloomberg that the private-equity owners - KKR (KKR), Bain Capital and Vornado Realty Trust ( VNO ) - had collected more than $470 mill...

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  • Trump Tariffs Just Got A Black Eye From Harley-Davidson
Trump Tariffs Just Got A Black Eye From Harley-Davidson

Harley said increasing production at its overseas worldwide plants would require incremental investments and could take at least nine to 18 months. Harley-Davidson Inc. While Trump is now under significant pressure to relent on such imposed tariffs , it's likely the calls for a reversal will only raise in volume and in number, in the wake of qua...

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  • SCOTUS rules states can collect taxes from online shopping transactions
SCOTUS rules states can collect taxes from online shopping transactions

However, consumers have the option to shop online, pay no sales tax, and get the item cheaper which is not fair to local stores, Deskins said. A new law that goes into effect in January says companies that do at least $250,000 in online business or have at least 200 separate sales purchases must pay sales tax to the state.

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  • Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses
Illinois Shoppers Pay More for Online Purchases, Good News for Small Businesses

Soon after the South Dakota law passed, South Dakota took it to court with retailers Newegg, Wayfair and Overstock, alleging that the companies failed to comply with their state sales tax laws. Many small online sellers may use Amazon's platform as it will collect and remit sales tax for them. But it would affect the smaller business that exclu...

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