• Google Hit With Record $5B Fine From EU Over Android Operating System
Google Hit With Record $5B Fine From EU Over Android Operating System

Last year, the European Commission fined Google $2.72 billion for antitrust violations. Margrethe Vestager , the European commissioner in charge of competition policy, said: "Today, mobile internet makes up more than half of global internet traffic".

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  • Elon Musk's 'pedo' slur: British cave diver considers legal action
Elon Musk's 'pedo' slur: British cave diver considers legal action

Musk didn't name Unsworth in his series of tweets over the weekend, though he said he would make a video to prove that the mini sub could have helped in the rescue. are professional tasks so we should trust others with local community connections". One of Tesla's largest investors said last week that Musk should lay off Twitter and focus on t...

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  • Netflix reports weaker-than-expected new subscriptions in the second quarter
Netflix reports weaker-than-expected new subscriptions in the second quarter

Stocks opened at $346.95 apiece on Tuesday morning, but by midday they had rebounded back up to around $380. Netflix said in a letter to shareholders that it had overestimated the rate of new shows being added to the platform over the quarter, but remained confident that this would not affect its long-term growth.

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  • ZTE lives on: US Commerce Dept. lifts ban
ZTE lives on: US Commerce Dept. lifts ban

ZTE was recently allowed to resume some sales in the USA earlier this month, after paying a fine, replacing their entire executive board, and hiring a US affiliated monitor for business operations moving forward. The settlement also included a $1 billion penalty ZTE paid to the U.S. Treasury in June. It will now operate with a 10-year suspended b...

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  • Blockbusters in Alaska set to close; 1 store left in America
Blockbusters in Alaska set to close; 1 store left in America

Blockbuster has managed to keep locations open in Alaska longer than the rest of the country , thanks to the state's long winters and generally slow WiFi. In recent years, Blockbuster stores have vanished in most of the U.S. "A lot of them are still quite busy", Alan Payne, a Blockbuster licensee-owner, said in an interview with The Was...

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  • Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'
Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'

But the tip filed by Tripp on July 6 - and made public this week by his attorney - contends that Tesla has been grossly overstating its production numbers, perhaps by as much as 44%. The category - which includes battery-powered, plug-in hybrid and fuel-cell automobiles - reached 777,000 units a year ago and could surpass one million sales in 2018,...

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  • First images emerge of boys rescued from Thailand cave
First images emerge of boys rescued from Thailand cave

It was the sudden onset of that rainy season that trapped the boys deep underground while they were exploring. Musk being Musk, the billionaire didn't react well when media outlets began reporting one rescue official's remarks, who described the submarine as " not practical ".

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  • Canada 'caught in the crossfire' of US-China trade dispute
Canada 'caught in the crossfire' of US-China trade dispute

That came four days after Washington added 25 per cent duties on $ 34 billion of Chinese goods and Beijing responded by increasing its own taxes on the same amount of American imports. Oliver Jones from Capital Economics has warned that China's response to Trump's latest tariff threat could hit the United States stock market hard.

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  • European exporters in China shift trade to avoid United States tariffs
European exporters in China shift trade to avoid United States tariffs

Mr Trump said last week that the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly equivalent to the value of all USA imports from China a year ago. Trade Representative Robert Lighthizer said in announcing the proposed tariffs. China has vowed to retaliate dollar-for-dollar to any further US t...

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  • Jobless rate for Latino Americans fell to record low in June
Jobless rate for Latino Americans fell to record low in June

The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May. Faster wage growth would have also indicated that inflation was building in the economy, which hasn't strongly been the case even though unemployment is low.

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  • Elon Musk sends help to Thailand cave rescue
Elon Musk sends help to Thailand cave rescue

He wrote that engineers from two of his companies, the aerospace manufacturer SpaceX and the tunnel-construction company Boring Company , were leaving for Thailand on Saturday to offer assistance to the Thai government. The submarine would be relatively safe, even if it didn't get rigorous testing before entering service. Mr Narongsak said t...

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  • Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’
Oil prices fall as Donald Trump demands OPEC ‘reduce pricing now’

With the addition of the 10 Non-OPEC nations, notable among them Russia, Mexico and Kazakhstan, those shares increase to 55 percent and 90 percent respectively. "REDUCE PRICING NOW!", Trump tweeted on Wednesday, accusing OPEC of "doing little to help" lower pump prices. "Please stop it", Kazempour said.

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  • Micron says has not received Chinese injunction on chip sales
Micron says has not received Chinese injunction on chip sales

Micron said it had not been served with the injunction and would not comment further until it had reviewed documentation from the Chinese court. The court drama started in December when Micron filed a lawsuit in California under the Defend Trade Secrets Act.

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  • Why higher unemployment signals a strengthening economy
Why higher unemployment signals a strengthening economy

Despite the low unemployment and struggles to find workers, companies still appear hesitant to significantly raise pay in many industries. The magic of rounding off decimal points (from 3.75 percent in May up to 3.8 percent; and from 4.05 percent in June down to 4.0 percent) made the increase in the jobless rate look smaller than it actually was.

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  • Donald Trump: OPEC is
Donald Trump: OPEC is "doing little to help" with gas prices

Iran's representative to OPEC called on US President Donald Trump to "please stop" tweeting about oil, adding that "with your frequent and indecent tweets oil prices have gone up 10 dollars". Iran has threatened to block oil exports through a key Gulf waterway in retaliation against any hostile United States action. The latter have soared in...

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  • Trade tensions starting to affect global economy
Trade tensions starting to affect global economy

The United States is set to impose tariffs on US$34 billion of Chinese imports from 0401 GMT on Friday (12:01pm Singapore time) and has warned it may ultimately target over US$500 billion worth of Chinese goods, or roughly the total amount that the United States imported from China previous year.

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  • Top Chinese executive dies after falling from wall in France
Top Chinese executive dies after falling from wall in France

Wang fell 15 meters off a wall in the village of Bonnieux, near Avignon, a picturesque area popular with tourists, lieutenant-colonel Hubert Meriaux of the Vaucluse gendarmerie force told Reuters . "But the long-term impact on the group will be limited". The pair built what was originally a regional Chinese airline into one of the country's la...

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  • Trump Administration Preparing Bill Allowing US to Circumvent WTO Rules
Trump Administration Preparing Bill Allowing US to Circumvent WTO Rules

FART Act, stinks. "Imposing tariffs will increase costs for consumers, lessen consumer choice, lower consumer demand, reduce vehicle and light truck production and sales, lower investment levels, and lead to job losses in the US auto sector", Matt Blunt, president of the American Automotive Policy Council, said in a statement.

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  • Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet
Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

That's the highest US oil prices have been since 2014. The price of a barrel of West Texas Intermediate Crude was up over $73 late last week. Perhaps that is why the White House walked back President Trump's comments when they published details of Trump's conversation with King Salman .

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  • Top US business group assails Trump's handling of trade dispute
Top US business group assails Trump's handling of trade dispute

A top vehicle manufacturer consultant says that the cost of new cars and trucks in the USA could spike by up to $5,000 if President TrumpDonald John TrumpTrump: Democratic voters will support Republicans because of ICE criticism Coney Barrett, Kavanaugh among candidates who met with Trump: report Trump administration recommends against allowing...

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  • US moves to keep China Mobile out
US moves to keep China Mobile out

The advisory body, the National Telecommunications and Information Administration , is part of the Department of Commerce. The government of the US moved to block telecommunications company China Mobile from offering its services to the telecommunications market in the USA recommending the application it submitted by rejected due to the firm p...

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  • China says it won’t fire ‘first shot’ in trade standoff with US
China says it won’t fire ‘first shot’ in trade standoff with US

Transit trade, which refers to goods shipped from other countries to the U.S. via China, which is calculated by the USA as imports from China, also accounts for the trade deficit figures the Trump administration cites, something it refuses to acknowledge.

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  • China says
China says "fully prepared" if trade war kicks off this week

Brussels officials are looking to negotiate a new deal with the US President, who is a fierce critic of the EU's trade policy. President Donald Trump has threatened to increase the scope to $450 billion if China indeed retaliates against his 25% tariff.

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  • Saudi cabinet says ready to use spare oil capacity as needed
Saudi cabinet says ready to use spare oil capacity as needed

In contrast, the nation has expressed they are profitable with oil near $40 a barrel. Iran will use various methods to prevent a possible reduction in its oil exports after re-imposition of the USA sanctions. Craig added that more issues could develop as Washington tightens the sanctions noose on Iran and Venezuela. An International Energy Ag...

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  • Leaked Document Shows Trump Wants To Destroy WTO Relationship
Leaked Document Shows Trump Wants To Destroy WTO Relationship

After Axios obtained a draft of a Trump administration plan to ignore tariff rules imposed by the World Trade Organization , Twitter uses noticed something interesting with the proposed bill's shorthand name. It is called the United States Fair and Reciprocal Tariff Act . It would also allow "reciprocal tariffs", so Mr Trump could impose Un...

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  • Wal-Mart boycott after 'Impeach 45' T-shirts
Wal-Mart boycott after 'Impeach 45' T-shirts

The call for a Walmart boycott seemingly picked up steam as conservative media outlets spread the word about the shirts. After complaints, custom shirt company Teespring removed the shirt from the site. One Twitter user called for Walmart to "clean up" its act, saying as a " pro American company it is wrong to politicise and be anti-US Presi...

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  • López Obrador: Shades of Bernie in Mexico's populist victor
López Obrador: Shades of Bernie in Mexico's populist victor

Lopez Obrador praised the Mexican team that has been leading talks under Pena Nieto to renegotiate the North American Free Trade Agreement. The peso was down 1.5% to 20.1568 versus the United States dollar at 9:30 a.m. Now AMLO says this will change. He says he will seek to form new trade relationships around the world, thus reducing Mexico's...

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  • Iran Aims to Keep Oil Exports Flowing Despite US Sanctions
Iran Aims to Keep Oil Exports Flowing Despite US Sanctions

First Vice President Es'haq Jahangiri said on Monday that Iran is able to counter the looming USA sanctions, noting that those at the White House who think they can halt Iran's oil export are living in "illusion". Sharma, director of finance at the refiner, said in May. After the United States withdrew from the Iranian nuclear deal in May, ...

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  • Dell is going public again with tracking stock buyout
Dell is going public again with tracking stock buyout

Those shares will end up traded on the NYSE, around five years later after its founder took the company private with Silver Lake Partners in a deal worth roughly $25 billion. The agreement also included EMC's majority stake in VMWare, which now has a market cap of around $50 billion, as well as ownership of Pivotal, SecureWorks, RSA and VirtuStre...

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  • Philadelphia 76ers to meet with reps for LeBron James
Philadelphia 76ers to meet with reps for LeBron James

The most obvious name thus far hasn't been a free agent, but a guy under contract and unhappy with the San Antonio Spurs . The Knicks and Clippers were also mentioned but James opted for Los Angeles , now run by former Lakers great Magic Johnson .

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