• China says Xi-Trump phone call 'quite positive'
China says Xi-Trump phone call 'quite positive'

The conversation was mainly about trade, but also about North Korea. "We are not on the cusp of a deal", Kudlow said. The two leaders agreed the trade dispute "should be handled properly through substantial consultation", Lu said. President Donald Trump said on Friday that a lot of progress had been made with China on trade, and he predicted t...

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  • Apple shares sag on soft forecast of holiday iPhone sales
Apple shares sag on soft forecast of holiday iPhone sales

For that reason, he expects Apple's stock to fall slightly out of favor, at least until the new reporting structure is fully digested. Apple says instead it'll focus on the revenue generated. It went big with a 6.5-inch version of last year's iPhone X-the $1,099 iPhone XS Max . It's a bet that consumers will continue to pay up for access to ...

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  • Trump says 'I think we'll make a deal with China' on trade
Trump says 'I think we'll make a deal with China' on trade

President Donald Trump teased a prospective trade deal with China on Friday, but many analysts are skeptical the trade war is going to end anytime soon. Presidents Xi and Trump held a phone conversation on Thursday, with the USA leaders saying the call had "a heavy emphasis on Trade". Trump also confirmed that he wants to meet with President ...

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  • Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet'
Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet'

Department of Justice prosecutors have also asked for the company to provide information about production numbers, according to Tesla, although it stopped short of issuing a formal subpoena. Elon Musk is serious about plans for a Tesla ( TSLA ) pickup truck, and says it's going to look like something out of the sci-fi movie "Blade Runner".

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  • Oil Set for Biggest Weekly Loss Since February on Supply Concern
Oil Set for Biggest Weekly Loss Since February on Supply Concern

Brent, against which Nigeria's oil is priced, had early this month hit a new four-year high of $86.74 per barrel, fuelled by concerns about a shortfall in global supply as U.S. would grant the waiver from sanctions to India . Meanwhile, India and South Korea were said to agree with the USA on the outline of waivers from sanctions to ke...

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  • India protests against proposed Pak-China bus service via PoK
India protests against proposed Pak-China bus service via PoK

China on Friday reportedly agreed to provide $6 billion in aid to Pakistan, which is going through a "low point", to minimise the cash-strapped country's dependence on an International Monetary Fund bailout package as Prime Minister Imran Khan held talks with Chinese President Xi Jinping .

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  • Spotify is finally testing an official Apple Watch app
Spotify is finally testing an official Apple Watch app

Today may be Halloween, but Spotify is waiting until tomorrow to give its family plan subscribers a treat. A nice little hardware hook to sell you on a service or bit of software. Per-month subscription costs and laziness do that job just fine. The application does not have offline support, however, according to a user who shared their experience...

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  • U.S. cuts off exports to Chinese chipmaker
U.S. cuts off exports to Chinese chipmaker

The controls imposed Monday on Fujian Jinhua Integrated Circuit Co. reflect concern Chinese competition could drive American technology suppliers out of business, leaving the military without secure sources of components. Micron officials allege the company, based in Fujian Province, has violated the United States firm's intellectual property right...

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  • Iran Starts Oil sales to Private Exporters to Beat US Sanctions
Iran Starts Oil sales to Private Exporters to Beat US Sanctions

Jahangiri further emphasized that the U.S. efforts to encourage Saudi Arabia to replace Iran's oil in markets were in vain, stressing that oil prices would nonetheless rise if Iranian supplies were to be cut off. Investors awaited industry data on USA crude inventories due to be released at 4:30 p.m. EDT on Tuesday. "Serious measures" must be...

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  • USA eyes more China tariffs if Trump-Xi meeting fails
USA eyes more China tariffs if Trump-Xi meeting fails

But Germany's DAX fell 0.2 percent to 11,316 and the CAC 40 in France sank 0.2 percent to 4,980 after weak eurozone growth figures. Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet US demands for sweeping changes to Chinese trade, technology transfer and industrial subs...

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  • Facebook shares fall after it slightly misses user, revenue estimates
Facebook shares fall after it slightly misses user, revenue estimates

The social network reported earnings per share of $1.76, compared to a consensus estimate of $1.47 cited by CNBC . Monthly active users averaged 2.27 billion, an increase of 10 percent year-over-year although analysts excepted 2.29 billion.

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  • Ease of Doing Business
Ease of Doing Business

However, compared to past year, India saw its ranking dip on various other parameters, such as "registering property", "protecting minority investors", "paying taxes" and "resolving insolvency". The ranking by the World Bank - which also categorised India among the top 10 economies to make the most improvements - comes as a boost for the Modi gover...

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  • UK Will Force Global Tech Companies To Pay A Digital Tax
UK Will Force Global Tech Companies To Pay A Digital Tax

The announced tax initiative comes as finance officials in the European Union have proposed sweeping new tax legislation targeting technology companies. The EU is looking at a similar plan to make companies pay a three percent tax on turnover for their online services. However, the industry warns that digital tax services could discourage tec...

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  • RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry
RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry

RBI Deputy Governor Viral Acharya had on Friday warned that undermining a central bank's independence was "potentially catastrophic". Following the public rift, the government has reportedly invoked Section 7 of the RBI Act , which has never been used in independent India.

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  • Trump To Hold Rally In Escambia County This Week
Trump To Hold Rally In Escambia County This Week

A summary of the state of the race released Tuesday by the Cook Political Report concluded that Democrats are favored to win the House, a determination that has been consistent throughout the midterm campaigns . The Republican Party is all in on President Donald Trump . Trump is trying to energize his most loyal supporters as polls show Democ...

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  • Saudi, Turkish prosecutors discuss Khashoggi killing
Saudi, Turkish prosecutors discuss Khashoggi killing

Khashoggi was last seen entering the Saudi consulate in Istanbul on 2 October to complete paperwork for his marriage to his Turkish fiancee. He was a critic of Saudi Crown Prince Mohammed bin Salman, the de facto Saudi ruler, who has purged rivals and consolidated power.

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  • Tesla to launch Model 3 in Europe at the beginning of 2019
Tesla to launch Model 3 in Europe at the beginning of 2019

Tesla is still far from being a full-line automaker, and it's followed up past quarters of profitability with strings of more losses. The Department of Justice (DOJ) is investigating whether Tesla misled investors about the production of its Model 3 sedan, The Wall Street Journal reports.

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  • Angela Merkel ‘will step down as party leader’ after poor election showing
Angela Merkel ‘will step down as party leader’ after poor election showing

Merkel's first order of business when she speaks at 1:00 pm (1200 GMT) in Berlin will be buttering up the Social Democrats , who have threatened to leave the coalition that many blame for years of disappointing electoral setbacks . The German political landscape had already changed previous year after the general elections in September when the o...

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  • U.S. Economy Grew At A 3.5-Percent Rate In 3rd Quarter
U.S. Economy Grew At A 3.5-Percent Rate In 3rd Quarter

The Commerce Department will publish its snapshot of third quarter economic growth on Friday at 0830 a.m. (1230 GMT). With the unemployment rate at its lowest mark since 1969, the Fed has been raising interest rates to prevent annual inflation from taking off.

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  • IBM set to acquire North Carolina-based Red Hat in $34B deal
IBM set to acquire North Carolina-based Red Hat in $34B deal

Microsoft this year acquired open source software platform GitHub for $7.5 billion; chip maker Broadcom Inc agreed to acquire software maker CA Inc for almost $19 billion; and Adobe Inc agreed to acquire marketing software maker Marketo for $5 billion.

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  • China Minted Two New Billionaires A Week In 2017
China Minted Two New Billionaires A Week In 2017

More than 40 of the 179 new billionaires created last year inherited their wealth, and given the number of billionaires over 70 the report's authors expect a further United States dollars 3.4 trillion to be handed down over the next 20 years.

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  • Single winning ticket sold for $1.6 Billion Mega Millions jackpot
Single winning ticket sold for $1.6 Billion Mega Millions jackpot

The biggest victor in the record-setting almost $1.6 billion Mega Millions jackpot last night is somewhere in SC. "Our board has a policy to protect the victor because of, you know, all the risks associated with having that much money", South Carolina's lottery chief William Hogan Brown told ABC's "Good Morning America" early Wednesday.

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  • The Shale Boom Calmed Oil Markets, but for How Much Longer?
The Shale Boom Calmed Oil Markets, but for How Much Longer?

Next day, he told that the country is trying to increase their oil production to cater the USA as the U.S. sanctions narrows the crude exports of Iran . Doubts still remain over whether OPEC will be able to replace supply losses from Iran as USA sanctions are set to curb oil exports from the Persian Gulf state.

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  • Volkswagen T-Cross Revealed
Volkswagen T-Cross Revealed

As things stand, the 2019 T-Cross is the smallest SUV in VW's range, slotting below the T-Roc. The Volkswagen T-Cross targets younger SUV buyers primarily and that's something conveyed by its design language in heaps. In addition, there's a 1.6-liter turbodiesel four-cylinder with 94 hp. Depending on the engine, the little SUV comes with a fi...

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  • Tesla says has not received subpoena on Model 3 production
Tesla says has not received subpoena on Model 3 production

The Prosecutor's office and the Federal Bureau of investigation of the state of San Francisco conducted a criminal investigation against the company Tesla for the goal of checking the possible deception of investors because it has detected the distortion of information about the production auto Tesla Model 3.

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  • The long good-bye: Theresa May's Brexit transition plan could last for years
The long good-bye: Theresa May's Brexit transition plan could last for years

But Tories and DUP would not as "that would be Turkeys voting for Christmas", she said. MPs in her own party criticised her for being open to the idea of extending until 2021 the post-Brexit transition period in which the details of future trade terms are to be ironed out.

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  • Turkey 'shares all evidence' with Central Intelligence Agency chief relating to Khashoggi killing
Turkey 'shares all evidence' with Central Intelligence Agency chief relating to Khashoggi killing

CIA Director Gina Haspel on Thursday briefed Trump on the evidence about Khashoggi's death that she reviewed during a trip to Turkey. On Thursday, Prince Mohammed attended the first meeting of a committee aiming to restructure the kingdom's intelligence services after the killing of Khashoggi, the state-run Saudi Press Agency said .

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  • Wall Street extends tailspin as global markets cap ugly week
Wall Street extends tailspin as global markets cap ugly week

The Commerce Department said orders to US factories for major manufactured goods grew in September, and the increase was larger than analysts expected. ENERGY: Benchmark U.S. crude edged up 0.6 percent to settle at $66.82 a barrel in NY. Brent crude, the benchmark for worldwide oil prices, rose 0.9 per cent to US$76.89 a barrel.

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  • CIA Director Reportedly Hears Audio of ‘premeditated’ Khashoggi Killing
CIA Director Reportedly Hears Audio of ‘premeditated’ Khashoggi Killing

Haspel shared her "findings and discussions from her trip to Turkey ", said Palladino, who declined to discuss the substance of her presentation. The calls came at the end of a day that saw increasing pressure heaped on the Saudis, with an adviser to Turkish President Recept Tayyip Erdogan accusing Crown Prince Bin Salman of having "blood on...

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  • France says ready to back sanctions against Khashoggi killers
France says ready to back sanctions against Khashoggi killers

Saudi Arabia's Public Investment Fund took a minority stake in Deadline and Variety owner PMC earlier this year for a reported $200 million. Saudi Arabia's public prosecutor said on Thursday that the murder was premeditated . "We condemn the awful murder of Jamal Khashoggi and are deeply concerned on the participation of Saudi officials",...

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