• Saudi King wouldn't last 'two weeks' without USA support
Saudi King wouldn't last 'two weeks' without USA support

However, analysts are warning prices could go up to $100 a barrel as the world's production is already stretched and Mr. Trump's sanctions on Iran's oil industry take effect in early November. Saudi-owned Al Arabiya TV reported that the pair discussed efforts to maintain supplies to ensure the stability of the oil market and the growth of the glo...

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  • Amazon raising minimum wage to $15 per hour starting next month
Amazon raising minimum wage to $15 per hour starting next month

The company announced that the $15 minimum wage will take effect beginning on November 1 . "With many municipalities raising minimum wage over the next few years to approaching $ 15 per hour , this was not really a stretch for them to do that".

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  • USA federal government sues California after it signs net neutrality law
USA federal government sues California after it signs net neutrality law

They say it's unrealistic to expect them to comply with internet regulations that differ from state to state. The justice department lawsuit marked the latest clash between the Trump administration and California, which have sparred over environmental, immigration and other hot-button issues.

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  • Tesla shares soar after Musk gets ousted as chairman
Tesla shares soar after Musk gets ousted as chairman

Investors anxious that heralded a long-drawn out fight with the regulator that would see Tesla lose its talismanic leader, undermine its ability to raise capital and cripple operations as it ramps up production of its crucial Model 3 sedan.

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  • Freeland postpones United Nations speech as NAFTA deadline looms
Freeland postpones United Nations speech as NAFTA deadline looms

President Donald Trump . The White House wants his side to sign the new Nafta negotiated with Mexico prior to the taking of office of Mr. Lopez Obrador, the beginning of December. U.S. Trade Representative Robert Lighthizer - Freeland's counterpart at the talks - on Tuesday had complained Canada was not making enough concessions and said time ...

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  • Read the SEC’s full fraud complaint against Tesla CEO Elon Musk
Read the SEC’s full fraud complaint against Tesla CEO Elon Musk

This isn't the only investigation that Musk is now facing, as the Justice Department is reportedly looking into whether Musk misled investors with those tweets. The Justice Department is also looking into whether Musk misled investors, Bloomberg News has reported . Shares fell about 10 per cent in after-hour trading on news of the lawsuit .

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  • US Regulator Sues Musk for Fraud, Seeks to Remove Him From Tesla
US Regulator Sues Musk for Fraud, Seeks to Remove Him From Tesla

According to the legal docs. As part of the settlement, Musk will step down as chairman of the board and will be replaced by an independent chairman, the SEC said . Breakingviews cleverly posits that a Musk-less Tesla will reveal the true value of the innovative but financially challenged company. Tesla shares dropped 13 percent to $267...

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  • China says can’t hold US trade talks with ‘knife to the throat’
China says can’t hold US trade talks with ‘knife to the throat’

Beijing's retaliatory tariffs on US$60 billion of USA goods were set to go into effect soon after the U.S. action, the Chinese Ministry of Finance said last week. According to the minister, trade measures introduced by the White House over recent months have been damaging not only for China, but for the USA as well.

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  • Instagram Says CEO Systrom, CTO Krieger Resign
Instagram Says CEO Systrom, CTO Krieger Resign

Instagram co-founders Mike Krieger and Kevin Systrom are leaving Facebook "to explore [their] curiosity and creativity again", Systrom announced in a blog post . The departure of Instagram co-founders comes months after the exit of Jan Koum, co-founder of WhatsApp , another Facebook unit. "I've learned a lot working with them for the past s...

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  • Michael Kors makes high-end fashion statement with €1.83bn Versace buy
Michael Kors makes high-end fashion statement with €1.83bn Versace buy

In a statement by Michael Kors chief executive, John Idol, he said Donatella will continue to lead Versace's "creative vision", meaning she will stay on to oversee the label. Budding conglomerates like Michael Kors have been trying to make inroads into an industry dominated by European players such as Louis Vuitton-owner LVMH and Kering .

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  • Michelle Guthrie forced out of ABC
Michelle Guthrie forced out of ABC

Was it just about tension between her and the corporation chair, Justin Milne, or was it about strategic direction for the national broadcaster? "I wanted the ABC to be as meaningful and relevant to my children and their children as it has been to me during my lifetime", she told the audience at ABC's first annual public meeting last February.

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  • Oil jumps as market tightens, more gains seen
Oil jumps as market tightens, more gains seen

Trump wrote on Sunday. Higher gasoline prices for United States consumers could create a political headache for Republican Trump before mid-term congressional elections in November. Word has gotten out that the JMMC, operating beyond its mandate, is to provide a figure for increasing oil supply under the pretext of the so-called "offsetting short...

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  • Indian Oil Refiner Part-Owned By Iranian Company Cancels Iran Oil Imports
Indian Oil Refiner Part-Owned By Iranian Company Cancels Iran Oil Imports

Earlier, India was looking at the likelihood of falling back on the rupee-rial arrangement for importing oil from Iran in the wake of U.S. sanctions. The Trump Administration has said, "Either you can do business with Iran or with us". India, Iran and Afghanistan held a ceremony in May 2016 to herald the start of work on the port based on an ...

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  • Can May cling on to Chequers plan?
Can May cling on to Chequers plan?

A Number 10 staffer urged the EU to "evolve" its Brexit position following news Mrs May would have just ten minutes to appeal to European leaders. Britain and its European Union partners have failed to secure a breakthrough in Brexit talks largely because of seemingly intractable divisions over the best way to avoid a hard border on the island ...

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  • Coca-Cola looking at cannabis health drink
Coca-Cola looking at cannabis health drink

Aurora has also expressed interest in cannabis drinks. Tilray was up about 7% while Canopy Growth and Cronos Group were both up about 2%. Coke's possible foray into the marijuana sector comes as beverage makers are trying to add cannabis as a trendy ingredient while their traditional businesses slow.

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  • Trump accuses China of plot to meddle with congressional elections
Trump accuses China of plot to meddle with congressional elections

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of USA products to its import tariff list in retaliation for President Donald Trump's planned levies on $200 billion worth of Chinese goods.

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  • Michael Jordan Donates $2 Million to Hurricane Florence Relief in North Carolina
Michael Jordan Donates $2 Million to Hurricane Florence Relief in North Carolina

Jordan's family moved to Wilmington when he was a child, and he went to Laney High School before attending the University of North Carolina in Chapel Hill. Thousands of rescues have taken place in the Carolinas, and more than 650 people were taken to safety in and around Wilmington , North Carolina, said Barbi Baker, a spokeswoman for New Hanov...

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  • Needle-in-strawberry scare spreads across Australia
Needle-in-strawberry scare spreads across Australia

It remains unclear how the needles managed to get into the store-bought strawberries, and at which stage of the production process the fruits were contaminated. Dr Young urged people to continue purchasing and consuming strawberries, but to cut them up before eating them. Others fear the rising number of cases is down to copycats.

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  • Running Out of Tariff Options, China Takes Aim at American Companies
Running Out of Tariff Options, China Takes Aim at American Companies

A huge market slump before the mid-term elections could not be great for the Republicans and a bad result could leave Donald as a lame duck President, though he still would be able to keep hitting China and others with trade sanctions, as this power actually rests with the President! The United States bought $505 billion in goods from China a y...

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  • Petrol, diesel prices scale new highs on rupee woes
Petrol, diesel prices scale new highs on rupee woes

Amid the Opposition-sponsored nation-wide shutdown, the Bharatiya Janata Party (BJP) on Monday released a couple of graphics describing the percentage hike in both petrol and diesel prices . Till May 31, when the LDF government effected a slight cut in the sales tax on petrol and diesel, Kerala's was the sixth highest sales tax levy on both petrol...

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  • US economy adds 201,000 jobs in August as strong hiring continues
US economy adds 201,000 jobs in August as strong hiring continues

USA employers sped up their hiring in August, reversing several months of slowing gains. That makes it more challenging for Labor to adjust the employment totals to account for seasonal variations. These past few months have been the strongest rates seen in the United States in nine years. Ian Shepherdson, chief economist at Pantheon Macroeconomi...

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  • Goldman Sachs denies dropping crypto trading desk plans
Goldman Sachs denies dropping crypto trading desk plans

In addition to speculators, whose chorus has abated recently, the voices of the recognized experts in the crypto industry has become louder. It might take many steps before a regulated bank could trade digital assets, a lot of them outside Goldman Sachs' control, sources had reportedly revealed.

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  • Goldman Sachs Drops Plan to Open Bitcoin Trading Desk, for Now
Goldman Sachs Drops Plan to Open Bitcoin Trading Desk, for Now

Although the prices of Bitcoin is still higher than it was at this point of the year last year, it is still way below the highs of United States dollars 20,000 reached towards the end of last year, and there is still no adequate evidence to signal a resurgence.

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  • Obama says Trump is 'the symptom, not the cause' of division
Obama says Trump is 'the symptom, not the cause' of division

She added that there are still unanswered questions about the IRS' targeting of conservative groups, in addition to questions about the Obama DOJ and FBI's role with the dossier and FISA surveillance of the Trump campaign. That's not how our democracy's supposed to work. "The claim that everything will turn out OK because there are people inside ...

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  • Oil falls on rising output from OPEC and United States
Oil falls on rising output from OPEC and United States

Edward Bell , analyst at Emirates NBD bank in Dubai, agreed: "Iranian production is already showing signs of decline, falling by 150,000 Bpd last month ..." Iran is OPEC's third largest crude oil producer. People often focus on the supply side. but what happens if China reduces its consumption? "I see that as a possibility as well"....

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  • Chinese billionaire Richard Liu released after Minnesota arrest
Chinese billionaire Richard Liu released after Minnesota arrest

But, contrary to the company's statement , Minneapolis police have not actually cleared Liu of wrongdoing and have instead said that they are now investigating the allegation against him. In June, Google said it would invest $550 million in JD.com. While the doctoral program primarily takes place in Beijing in partnership with the prestigious ...

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  • Coca-Cola to buy Costa Coffee for £3.9bn
Coca-Cola to buy Costa Coffee for £3.9bn

Joining the Coca-Cola portfolio, Costa is a leading coffee brand first founded in London in 1971 that has since grown to include almost 4,000 retail outlets, a coffee vending operation, roastery, and home-brewed coffee formats. That makes India among the few markets in which Costa Coffee is aligned directly with a PepsiCo bottling partner. JAB,...

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  • P Chidambaram Sceptical Over GDP Growth Prospects In Coming Year
P Chidambaram Sceptical Over GDP Growth Prospects In Coming Year

Economic Affairs Secretary Subhash Chandra Garg said the robust performance this quarter gave hope that growth could exceed even estimates of 7.5 per cent this fiscal year. The government also revised the core sector growth figure for June to 7.6% and for May to 4.3%. While this shows a continuing process of economic recovery, the presence of b...

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  • Federal Court of Appeal quashes approval of Trans Mountain
Federal Court of Appeal quashes approval of Trans Mountain

The court combined into one case almost two dozen lawsuits calling for the National Energy Board's review of Kinder Morgan Canada Ltd.'s project to be overturned. amidst protests and lawsuits. "My sense of it would be that the federal government should get on with the proper consultation and view this as a delay", he said.

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  • RBI’s latest report is clinching evidence that demonetisation was a failure
RBI’s latest report is clinching evidence that demonetisation was a failure

It was said that this amount would be over Rs 3 lakh crore. This means that just Rs 10,720 crore of the junked currency notes did not return to the banking system. Speaking of the Indian economy, the annual report said that there are upside risks to inflation which requires vigilance. "As soon as the draconian demonetisation was announced o...

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