• Trump slams Harley-Davidson as tariffs start to affect trade
Trump slams Harley-Davidson as tariffs start to affect trade

In a regulatory filing , Harley-Davidson said: "To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the U.S.

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  • Italy, Germany clash over migration row; European Union stares at ‘split’
Italy, Germany clash over migration row; European Union stares at ‘split’

With an eye on further curbing arrivals, European Commissioner for Migration and Home Affairs Dimitris Avramopoulos said separately on Thursday EU states should make asylum assistance uniform to discourage refugees from moving between member states.

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  • Ryan blasts United States trade policy over Harley shift
Ryan blasts United States trade policy over Harley shift

Trump , who has been taking up the case of tariffs on Harley-Davidson by India , which in part is responsible for the current trade tension between the two countries, said he is surprised by such a decision by the motorcycle manufacturer.

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  • Turkish FM: Muslims prayed for Erdogan's victory
Turkish FM: Muslims prayed for Erdogan's victory

Tuncay Ozkan, deputy leader of the opposition CHP, expressed that the announced results are not correct and Turkey is suffering from lack of freedom and justice. In the parliamentary election, his AK Party is also in first place with over 47 percent. "If Erdogan wins, your phones will continue to be listened to".

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  • Harley-Davidson warns European tariffs will cause a 'tremendous cost increase' (HOG)
Harley-Davidson warns European tariffs will cause a 'tremendous cost increase' (HOG)

US President Donald Trump on Monday slammed Harley-Davidson Inc after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year. So, since Harley will have a seriously hard time absorbing that cost in its second biggest world market, company big...

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  • Erdogan declares victory in Turkish presidential poll
Erdogan declares victory in Turkish presidential poll

The presidential and parliamentary elections, held more than a year early on Sunday, complete NATO-member Turkey's transition from a parliamentary system of government to a presidential one in a process started with a referendum last year.

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  • OPEC agrees to increase oil output 1 million barrels a day
OPEC agrees to increase oil output 1 million barrels a day

The announcement was made on Saturday during the 4th OPEC and non-OPEC ministerial meeting in Vienna . He noted that many market participants agree with increasing oil production and within the framework of the forthcoming meeting of OPEC+ there will be many willing to comment on the recommendation of the monitoring committee to increase oil...

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  • Trump threatens 20pc tariff on all imported European Union cars
Trump threatens 20pc tariff on all imported European Union cars

The announcement was sharply criticized by parts of the USA auto industry, who said the tariffs would raise vehicle prices for Americans. Auto industry experts say such tariffs could negatively impact the USA economy, as well as Europe's.

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  • Tesla Decides to Axe Dozen or More
Tesla Decides to Axe Dozen or More "Solar City" Locations

Tesla describes former employee Martin Tripp as a criminal, a man who hacked into Tesla's systems in order steal information and sully the company's reputation on safety. Last week, Tesla said it will cut its total staff by 9 percent as it strives for greater cost efficiency. Within hours, The Washington Post had an interview with Tri...

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  • Connecticut Retailers Applaud Supreme Court Decision On Online Sales Tax
Connecticut Retailers Applaud Supreme Court Decision On Online Sales Tax

While The Alabama Retail Association believes this to be a good thing saying in a press release on Thursday "This is a victory for Alabama's main street retailers" some businesses do not agree. North Dakota standard that remote businesses need a physical presence to be taxed. Will people be turned off online shopping by a sales tax? While retai...

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  • OPEC strives for new deal as Iran still wary of output hike
OPEC strives for new deal as Iran still wary of output hike

Trump has been lobbying OPEC to help lower prices. Iranian publication Seda quoted sources as saying Zanganeh told the meeting he would not accept an output increase because doing so would pave the way to an Iranian oil embargo. "We believe that there is no problem in the market, however, political tensions have caused instability and tension i...

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  • Court ruling clears way for Iowa to collect new sales taxes
Court ruling clears way for Iowa to collect new sales taxes

If a business had a physical address in a state , it's required to charge sales tax for all orders in that state . "New Hampshire small businesses do not have the time or resources to become tax collectors for other states ". "Correctly calculating and remitting sales taxes on all e-commerce sales will likely prove baffling for many retailers". ...

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  • China blasts Trump's new tariff threat, warns it will retaliate
China blasts Trump's new tariff threat, warns it will retaliate

US President Donald Trump on Friday announced 25% tariffs on Chinese goods worth USD50bn within tech products and warned that the US would impose additional tariffs should China take retaliatory measures. "Faced with this heightened intimidation from the U.S., China has no choice but to fight back with targeted and direct measures aimed at ...

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  • The U.S.-China Trade War Is Great News For OPEC
The U.S.-China Trade War Is Great News For OPEC

In another escalation, India on Thursday joined China and the European Union by increasing duties on various commodities imported from the United States. "That would be a good target to work with", Al-Falih said on the eve of an OPEC summit in Vienna , Austria. OPEC takes its decisions by unanimity, so if Iran were to wield its veto Saudi Arabia...

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  • China says will 'fight back firmly' if USA publishes additional tariffs
China says will 'fight back firmly' if USA publishes additional tariffs

China needs soybeans, and they have to buy some USA soybeans because there's not enough soybeans in the world without it". That position - along with the authoritarian nature of its political system - gives China significant leverage to stay the course in any trade war.

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  • Stocks tumble as new Trump tariff threat spooks investors
Stocks tumble as new Trump tariff threat spooks investors

Asian stocks sank on Tuesday (Jun 19) and Shanghai shares tumbled to near two-year lows as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world's two biggest economies.

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  • Chanda Kochhar on leave till probe ends, Sandeep Bakshi appointed COO
Chanda Kochhar on leave till probe ends, Sandeep Bakshi appointed COO

So the board saved face on Monday when it said Kochhar would be going on leave pending the inquiry. In other news, ICICI Bank Board also recommended to the Board of Directors of ICICI Prudential Life Insurance Company to appoint NS Kannan as the Managing Director & Chief Executive Office (CEO) of the company subject to regulatory and other appr...

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  • McDonalds to phase out plastic straws
McDonalds to phase out plastic straws

The change, which will begin to take effect in September, follows trials of paper straws at select locations. Plastic can take hundreds of years to decompose if not recycled. The British government has been discussing the possibility of banning all single-use plastic straws, but some businesses are acting ahead of time to eliminate them from thei...

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  • Cautious ECB slams Euro, boosts stocks - CMC Markets
Cautious ECB slams Euro, boosts stocks - CMC Markets

The European Central Bank is to wind down the stimulus provided by is its massive three-year bond-buying programme to the eurozone economy by the end of the year. The S&P 500 index rose 6.86 points, or 0.2 percent, to 2,782.49. The greenback was up 1 per cent versus its Japanese peer on the week, during which it brushed a three-week peak of 1...

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  • American Airlines technical issue cancels flights
American Airlines technical issue cancels flights

The outage affected about 4 percent of American's global flight operations, primarily shorter routes from its hub in Charlotte, North Carolina, the carrier said by email. Frustrated passengers scrambled to find other travel plans. PSA airlines, headquartered in Dayton, Ohio, have flight crew bases at Charlotte Douglas and five other airports and...

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  • Boeing, others assessing impact of US-China tariffs
Boeing, others assessing impact of US-China tariffs

The effective date of the tariffs on the remaining $16 billion of US goods will be announced later, according to the commerce ministry. "While the United States semiconductor industry shares the Trump administration's concerns about China's forced technology transfer and intellectual property practices, the proposed imposition of tariffs ...

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  • China: The United States Has ‘Launched a Trade War’
China: The United States Has ‘Launched a Trade War’

The official said the Chinese action was taken in response to the emergent circumstances caused by the US violations of global obligations. Trump is closing in on a decision to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as June 15.

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  • Theranos founder Elizabeth Holmes steps down as CEO, indicted on fraud charges
Theranos founder Elizabeth Holmes steps down as CEO, indicted on fraud charges

Balwani, 53, took on various leadership roles within the company and was her boyfriend at the time. Holmes and Balwani were accused of knowingly misrepresenting the capabilities of Theranos' proprietary blood testing technology. The indictments are the culmination of a 2½ year investigation into the blood-testing company. Holmes and Balwani sig...

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  • Deputy killed, another wounded in shooting in Kansas City
Deputy killed, another wounded in shooting in Kansas City

Deputy Patrick Rohrer, 35, died at the hospital from his injuries. Kansas City, Kansas, police confirm the deputies were shot at the courthouse in downtown Kansas City, Kansas. Kansas City Police Chief Rick Smith has defended the officers involved in both incidents, calling the shootings " unfortunate " but insisting the cops " did what they thou...

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  • Elon Musk's Boring Co to build high-speed commuter system in Chicago
Elon Musk's Boring Co to build high-speed commuter system in Chicago

That should get passengers to the airport in about 12 minutes-still a significant improvement on current options, which often take about 40 minutes by train or vehicle. Musk in May pitched a similar underground tunnel system in Los Angeles , and has proposed another that would link Washington DC and Baltimore. He said the cuts amount to about 9 ...

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  • Bitcoin & Ethereum Will Not Be Classed As Securities By The SEC
Bitcoin & Ethereum Will Not Be Classed As Securities By The SEC

A SEC spokesman has stated in a recent speech that Bitcoin (BTC) and Ethereum ( ETH ) are not securities, however, ICOs are securities and they are therefore under the regulatory purview of the SEC. The CFTC allowed bitcoin futures to be traded a year ago on three exchanges. But, the statement from the SEC did allow the market to rebound slightly...

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  • McDonald's to scrap plastic straws in UK and Ireland
McDonald's to scrap plastic straws in UK and Ireland

McDonald's has joined the fight against plastic pollution by switching to paper straws at its restaurants in the United Kingdom and Ireland. The Government has unveiled plans that could see plastic straws, drinks stirrers and cotton buds completely banned from sale in England .

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  • Kellogg's cereal source of 31-state salmonella outbreak — CDC
Kellogg's cereal source of 31-state salmonella outbreak — CDC

The CDC said 24 people have been hospitalized. No other products have been affected by the recall, which affects 15.3-ounce and 23-ounce packages of the cereal. Most people infected with salmonella develop diarrhea, fever and abdominal cramps within 12 to 72 hours of being exposed to the bacteria. Affected products had been shipped across...

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  • Trump announces USA tariffs on $50 billion in Chinese imports
Trump announces USA tariffs on $50 billion in Chinese imports

President Trump announced Friday that the USA will impose a 25 percent tariff on $50 billion of goods from China. "To make matters worse, President Trump rolled back sanctions on Chinese telecommunications firm ZTE after the company sold critical technology to Iran and North Korea, and lied to U.S.

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  • Minimum wage doesn't pay the rent anywhere
Minimum wage doesn't pay the rent anywhere

Today the National Low Income Housing Coalition released Out of Reach 2018 , its latest annual report on housing costs, and well they're terrible. Last year, New Orleanians needed to earn $18.54 an hour, the most in the state, to rent a two-bedroom apartment.

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