• Surprise weakness of inflation data stirs debate over interest-rate rise
Surprise weakness of inflation data stirs debate over interest-rate rise

An anticipated pickup in United Kingdom inflation failed to materialize last month, a development that sent the pound lower as investors pared bets for a Bank of England interest-rate increase next month. The rate of wage growth for United Kingdom workers has fallen to its lowest level in six months, in spite of record numbers of people being i...

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  • UK: May government in meltdown over Brexit
UK: May government in meltdown over Brexit

Shadow Scotland Secretary Lesley Laird said the fact that no Scottish Conservative MPs rebelled against the government meant "Ruth Davidson's pledge that her MPs would stand up for Scotland was nothing short of a lie". The British government wants to retain the ability to sign trade deals independently of the EU. The battle over the amendments to...

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

The settlement ZTE reached with the U.S. Commerce Department included a US$1 billion penalty and a deposit of US$400 million in an escrow account. The Commerce Department said Friday that these measures were the "harshest penalties and strictest compliance measures ever imposed in such a case".

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  • Murdoch’s Fox raises bid for Sky to $32.5 billion
Murdoch’s Fox raises bid for Sky to $32.5 billion

Fox , which has been trying to buy the pan-European group since December 2016, offered to pay 1,400p per share, a 12 per cent premium to Comcast's earlier offer. Comcast now has a 60-day window before Sky shareholders can vote to approve the deal. "It is now a matter for the Sky shareholders to decide whether to accept 21CF's bid", Wright said.

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  • President Trump wants to lower oil prices, but isn’t entirely sure how
President Trump wants to lower oil prices, but isn’t entirely sure how

He said Sunday that Oped should put another 2 million barrels on the market to make up for the coming shortfall in Iranian crude sales due to sanctions. "The UAE can increase production at a point when oil price remaining high so they will increase their market share and it is positive for economic outlook and also the fiscal positon will see a...

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  • Trump supporters urge Walmart boycott over 'Impeach 45' clothing
Trump supporters urge Walmart boycott over 'Impeach 45' clothing

Walmart's marketplace does still feature anti-Trump items from third-party sellers, but no products calling for the president's impeachment appear to be available. While Mr Trump hasn't commented on the clothing item backlash, he has taken aim at businesses which have been critical of his administration. In the past, Walmart has issued statements...

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  • US aims to reduce Iran’s oil revenue to zero
US aims to reduce Iran’s oil revenue to zero

He also suggested, however, that there would be some legroom with other countries that import Iranian oil from avoiding immediate sanctions, once they are set to be re-imposed come November 4. "They don't want our farm products". Iran possesses the second-largest gas reserves on the planet, after Russian Federation, and the fourth-largest oil sup...

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  • Anonymous person buys $1M worth of remaining toys at Toys 'R' Us
Anonymous person buys $1M worth of remaining toys at Toys 'R' Us

Shared on Facebook by Rene Johnpiere, presumably a Toys 'R Us employee, Geoffrey looks straight-up sad. Numerous employees losing their jobs have worked for the company for decades. Like the store in Raleigh, Toys "R" Us other 700 stores across the USA shut down after the 70-year-old company fell victim to financial turmoil. AOL reports the toy...

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  • OPEC Likely to Agree Production Increase Next Week, Survey Shows
OPEC Likely to Agree Production Increase Next Week, Survey Shows

The trading unit of China's biggest refiner has cut supplies from Opec's biggest producer in recent months, citing costly oil pricing by the Middle East nation. "The rising crude prices have gone above the sustainability threshold causing undue hardship for the developing economies", he said in another tweet .

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  • China, Europe warn trade war could trigger global recession
China, Europe warn trade war could trigger global recession

He said the restrictions will not be specific to China but would apply "to all countries that are trying to steal our technology ". A Chinese woman adjusts a Chinese national flag next to US national flags before a Strategic Dialogue expanded meeting, part of the U.S.

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  • Favorable U.S. tax ruling gives limited boost to big-box retailers
Favorable U.S. tax ruling gives limited boost to big-box retailers

Lawmakers have tried unsuccessfully to pass online sales tax legislation for years, with the most recent attempt failing after several conservatives called the provision a tax increase on online shoppers. He suggests retailers consult with their accountants to determine the states where they should be in compliance. While Amazon and other large...

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  • Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis
Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis

The creditors also agreed to a final disbursement of €15 billion, aimed to help Greece repay arrears, finance maturing debt and build up a cash buffer of €24.1 billion that will help it access financial markets. Greece has been living primarily on money borrowed from euro zone governments in three bailouts since 2010, when it lost market access bec...

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  • As Turkey votes, Erdoğan eyes new term
As Turkey votes, Erdoğan eyes new term

In the parliamentary election, the AK Party leads with 54 percent of the vote , with 8.7 percent of the ballot boxes opened. Unofficial results broadcast on Turkish television also gave his ruling party and its alliance partner a majority in parliament.

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  • Bithumb becomes the second victim to crypto theft in Korea this month
Bithumb becomes the second victim to crypto theft in Korea this month

South Korea's spy agency later accused North Korea of being responsible after the stolen information was used to carry out scams. It said the issue was first noticed on Tuesday, with millions of dollars-worth of cryptocurrencies being stolen, but claimed that the financial losses would be compensated using its own virtual cash reserves.

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  • China 'underestimated' Trump, a key adviser says
China 'underestimated' Trump, a key adviser says

U.S. companies including Apple, GM and Boeing generate large amounts of sales in China. Trump is pressing Beijing to scrap or roll back technology development strategies its trading partners say include stealing or pressuring companies to give up know-how in violation of its market-opening commitments.

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  • Trump to approve tariffs on US$50 billion in Chinese goods
Trump to approve tariffs on US$50 billion in Chinese goods

For now, weeks of shuttle diplomacy between Washington and Beijing, in an effort to reduce China's massive goods trade surplus with the USA, have produced nothing - and the very products that China had pledged to buy more of will now be slapped with higher import duties instead.

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  • Sheriff: 1 Kan. deputy killed, 1 critical in shooting
Sheriff: 1 Kan. deputy killed, 1 critical in shooting

When they pulled into a parking lot outside the county courthouse, the deputies were "overcome", Bailiff said. 'It is very possible that with their own firearm they were both shot, ' Bailiff during an afternoon press conference. Neither he nor Kansas City, Kansas, resident Jesse Ware saw the shooting happen. Officials said the other officer is a ...

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