• Johnson blasts Trump on trade, calls it 'Soviet' economy
Johnson blasts Trump on trade, calls it 'Soviet' economy

Thirty-nine Republicans and 49 Democrats backed a non-binding resolution earlier this month calling for Congress to have a role when the president imposes trade barriers in the name of national security. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to...

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  • Trump Admin Plans Emergency Aid For Farmers Caught In Tariffs Crossfire
Trump Admin Plans Emergency Aid For Farmers Caught In Tariffs Crossfire

Those four, as well as Turkey, were slapped with disputes at the World Trade Organization by the U.S. This year's showcase comes during a contentious period in U.S. White House officials hope it will quiet some of the unease from farm groups, but the new plan could revive debates about taxpayer-funded bailouts and the degree to which Trump's tr...

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  • Tesla’s shares drop on leak of embarrassing memo asking for money back
Tesla’s shares drop on leak of embarrassing memo asking for money back

The note stated all suppliers had been asked to help the Californian company become profitable. For starters, Model 3 production appears to be ramping up, with Tesla having reached the 5,000 unit/week threshold during the last week of June.

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  • Alphabet hits a record high after earnings top expectations
Alphabet hits a record high after earnings top expectations

Characterizing the quarter as very strong, Ruth Porat , chief financial officer of Alphabet and Google , in a statement said: "Our investments are driving great experiences for users, strong results for advertisers, and new business opportunities for Google and Alphabet".

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  • Trump says no 'time limit' on North Korea denuclearisation
Trump says no 'time limit' on North Korea denuclearisation

A USA delegation was expected to retrieve the remains in North Korea and fly them out on July 27, either to Osan Air Base in South Korea or Hawaii, the official said, adding that the date may change as the two sides planned to iron out final details during another meeting in the near future.

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  • Whip-Sawed US Dollar Fuels Commodity Market Volatility
Whip-Sawed US Dollar Fuels Commodity Market Volatility

The Dow Jones Industrial Average dropped less than 0.1 percent to 25,058.12. The Nasdaq composite dipped 0.4 per cent to close at 7,825.30. A tariff is a tax on a good coming into the USA, also known as a duty. The results will probably be announced by Monday, they said. In an interview with US broadcaster CNBC , Trump also accused the Europea...

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  • Trump criticizes Fed, breaking 25-year precedent and jeopardizing economy, expert warns
Trump criticizes Fed, breaking 25-year precedent and jeopardizing economy, expert warns

In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500", referring roughly to the $505.5 billion in goods imported a year ago from China , the New York Times reported. Federal Reserve. Moody's Analytics estimates that if the tariffs were imposed on autos and most Chinese imports and other countries re...

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  • GST Council reduces tax rates on more than 50 items
GST Council reduces tax rates on more than 50 items

The decisions taken in the meeting of GST council on July 21 will greatly benefit trade and industry, CII Director General Chandrajit Banerjee said. The official, however, said that the revenue loss would be only notional as increased consumption and compliance would lead to more revenues to the exchequer.

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  • In Rare Move for a President, Trump Criticizes Fed
In Rare Move for a President, Trump Criticizes Fed

China promptly levied taxes on the same value of US products. An EU source told AFP the retaliatory levies could be worth 10 billion euros (S$15.7 billion). And on Friday morning, Trump tweeted his displeasure about recent decisions by the central bank to raise its benchmark interest rate target, bringing his public disagreements with Fed ac...

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  • Benchmark Brent oil price slips as focus returns to oversupply
Benchmark Brent oil price slips as focus returns to oversupply

Crude oil futures rose by Rs 37 to Rs 4,627 per barrel today after participants widened their bets tracking a firming trend in Asia . Figures showing refineries processing plenty of crude and stockpiles dropping at the Cushing, Oklahoma , delivery hub also supported the market, said John Kilduff , founding partner at energy hedge fund Again ...

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  • Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth
Microsoft Beats Estimates on Cloud Services, Gaming, and Software Growth

This included an 89pc jump in revenue from its Azure cloud computing platform. Microsoft now has three reporting segments: Productivity and Business Processes (covering Office , Exchange, SharePoint, Skype, and Dynamics), Intelligent Cloud (including Azure, Windows Server, SQL Server, Visual Studio, and Enterprise Services), and More Perso...

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  • What glitches? Amazon's latest Prime Day made 'history'
What glitches? Amazon's latest Prime Day made 'history'

Of course, Amazon probably wants this to be resolved as quickly as we do, and it seems the company has added a sort of captcha verification to access the website. The company reports earnings for the second quarter later this month, when it could provide more anecdotal information about Prime Day results, but the actual numbers won't be refle...

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  • Trump accuses China, EU of currency manipulation, slams Fed
Trump accuses China, EU of currency manipulation, slams Fed

A top Federal Reserve official, meanwhile, warned the trade war could hurt the United States economy. The US should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. I don't really - I am not happy about it. "I'm not doing this for politics, I'm doing this to do the right thing for our country", T...

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  • 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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