• Oil prices at four-year high after OPEC rebuffs Trump
Oil prices at four-year high after OPEC rebuffs Trump

Iran says no country can ever compensate for its missing oil supplies to markets in case the US materializes its threat to bring the Islamic Republic's oil exports to zero with a top official saying that US President Donald Trump would sooner or later have a change of heart over his campaign to the same effect.

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  • Chinese premier slams 'unilateralism' in trade disputes
Chinese premier slams 'unilateralism' in trade disputes

Trump has also complained about America's gaping trade deficit - $336 billion previous year - with China, its biggest trading partner. China's Finance Ministry said its tariff increases are aimed at curbing "trade friction" and the "unilateralism and protectionism of the United States".

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  • Trump raises stakes with new round of China tariffs
Trump raises stakes with new round of China tariffs

The US and China have already placed penalties of $50 billion on each other's goods, with Beijing focusing on agricultural goods like soybeans, pork and dairy products that affect American farmers, who represent much of Trump's political base.

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  • Coca-Cola Considering Cannabis Beverages
Coca-Cola Considering Cannabis Beverages

According to the Metro , Aurora Cannabis is Canada's third biggest producer of the substance and the company confirmed it was in talks with Coca-Cola concerning cannabis infused drinks. "I can't imagine they're doing it just for the 35 million people in Canada, they clearly have an eye on the USA market", said Krane. If the deal comes through, ...

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  • U.S. to spare some Apple products from latest China tariffs
U.S. to spare some Apple products from latest China tariffs

Only last week, Beijing said it welcomed overtures from U.S. officials offering to re-start trade talks, but press reports indicate China would call off any meetings if the new punitive duties take effect. The Chinese government may decline to participate in proposed trade talks if the Trump administration moves forward with additional tariffs, th...

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"Saudi Arabia, UAE Turning OPEC Into A US Tool", Says Iran

When Iran faced its toughest worldwide sanctions between 2012 and 2015, analysts say it found a number of creative solutions, from repainting and renaming ships to switching off their tracking devices. Another factor that undercuts the argument of a tightening market is waning demand, and the IEA noted that the demand outlook for this year and ...

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  • Hong Kong and China on highest storm alert as typhoon approaches
Hong Kong and China on highest storm alert as typhoon approaches

While the storm has weakened, a T8 warning was still in place into Sunday evening - meaning that winds with speeds of about 63 kph were expected. "Each department must have a sense of crisis, make a comprehensive assessment and plan, and prepare for the worst".

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  • China will not
China will not "surrender" to United States demands in trade talks

Officials are reportedly still working on the final list of products. He also made it clear he was ready to impose tariffs worth $200 billion on goods "very soon" if President Xin Jinping's government refused to back down. The US President Donald Trump said Washington is under "no pressure" to achieve a trade deal with China as the prospect...

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  • Trump and Obama spar over economy as midterm polls near
Trump and Obama spar over economy as midterm polls near

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel . "The Economy is sooo good, perhaps the best in our country's history", Mr Trump tweeted on Monday, adding moments later that he had taken gross domestic product (GDP) growth over 4.2 per cent "and we will do much better than this".

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  • Trump warns further China tariffs 'ready to go'
Trump warns further China tariffs 'ready to go'

China will be forced to take necessary countermeasures if the United States insists on imposing new tariffs on $ 200 billion worth of Chinese goods despite strong opposition from both countries, the Ministry of Commerce said on Thursday. Given the smaller amount of goods China imports from the United States on which it could slap duties, Beijing h...

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  • 10 attacks Obama unleashed on Trump, GOP in midterm speech
10 attacks Obama unleashed on Trump, GOP in midterm speech

Former President Barack Obama speaks to a full crowd at the University of IL campus in Urbana on Friday. "I want every single one of you to host events in your community to get registered and to get them fired up", she said in a conference call with organizers Wednesday, when she announced events she would attend later this month in Las Vegas an...

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  • Japan to halt Iran oil imports under US pressure
Japan to halt Iran oil imports under US pressure

Oil prices dipped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of USA tariffs on another $200 billion of Chinese goods. Output was boosted by a recovery in Libyan production and as Iraq's southern exports hit a record. The increased volumes at the newly operational Umm Lulu ...

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  • Fuel prices hit record highs as Rupee slides, Opposition attacks government
Fuel prices hit record highs as Rupee slides, Opposition attacks government

The petrol prices in Kolkata and Chennai are Rs 82.22 per litre and Rs 82.41 per litre respectively. He also said that the factors responsible for drop in production of crude oil have caused a spike in fuel prices in India. "Secondly, global currencies have weakened against the United States dollar", he had said. Indraprastha Gas Ltd (IGL) has rais...

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  • Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate'
Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate'

Trump also canceled "locality" pay increases - adjustments based on where an employee lives and separate from the across-the-board increase scheduled for 2019- that he said would average 25.7 percent and cost $25 billion . It's not clear how much money the pay freeze would save. The salary freeze won't affect military personnel, who will still...

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  • Saskatchewan Premier Scott Moe urging feds to restart Trans Mountain project
Saskatchewan Premier Scott Moe urging feds to restart Trans Mountain project

Regulatory lawyer Bill Gallagher, the author of "Resource Rulers" and the upcoming book "Resource Reckoning", said today's ruling was a "benchmark" in the rise of what he called "Native empowerment" over natural resources in Canada. He says the federal government needs to make sure the project proceeds, but must also ensure it goes ahead in the rig...

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  • Trump freezes federal worker pay, citing 'serious economic conditions'
Trump freezes federal worker pay, citing 'serious economic conditions'

Scrapping the raises will save more than $25 billion, Trump said. That measure, along with increased spending under a new two-year federal budget and tax cuts enacted at the end of last year, have led to accusations Trump is ignoring the federal deficit, despite promising he would address it as president.

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  • Facebook Watch On-Demand Video Platform Rolling Out Worldwide
Facebook Watch On-Demand Video Platform Rolling Out Worldwide

That might seem a little stingy at first, but Facebook Watch potentially gives them access to an audience some 1.5 billion-strong. "We're expanding our Ad Breaks program so more partners can make money from their videos, and we're offering new insights, tools and best practices for Pages in Creator Studio", Simo said.

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  • Cohen's lawyer walks back claim Pres. Trump knew of Russia meeting
Cohen's lawyer walks back claim Pres. Trump knew of Russia meeting

Davis doubled down on social media, tweeting that Cohen had "decided to tell the truth about ( Trump ) and put his country first". "But I am not sure". "Just another phony story by the Fake News Media!" he tweeted. But as a long-serving employee in the Trump family business, he is rich repository of knowledge, and the idea of him answering ...

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  • Trump announces new U.S. trade deal with Mexico
Trump announces new U.S. trade deal with Mexico

Negotiations centered on revisions to portions of the 1994 North American Free Trade Agreement , notably those involving auto manufacturing, which President Donald Trump has criticized for their imbalances. A breakthrough between the USA and Canada on wages would be a big development, but Canada would still have to agree on that and all other is...

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  • Kalashnikov launches electric auto
Kalashnikov launches electric auto

Russian arms maker Kalashnikov has launched a concept electric auto inspired by a rare 1970s model, claims that the new technology will rival Elon Musk's Tesla. It is also noted that on 7 August, the founder of Tesla have published several reports about the possible withdrawal of the company from the stock exchange in his microblog on Twit...

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  • Verizon statement on California wildfires and hurricane in Hawaii
Verizon statement on California wildfires and hurricane in Hawaii

The controversy began this week when a coalition of Democratic state attorneys general asked a federal appeals court to block the Federal Communications Commission (FCC) from overturning its 2015 net neutrality rules. "We stand united and will work together to ensure this unsafe practice of throttling first responders will never happen again here i...

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  • US President Donald Trump says his impeachment would 'crash' the economy
US President Donald Trump says his impeachment would 'crash' the economy

As per a report in The Independent , Cohen stated in the court during his guilty plea that Trump was involved in campaign finance violations. Because the hush payments were meant to influence the outcome of the elections , they violated United States laws governing campaign contributions, making Trump an - as yet - unindicted co-conspirator.

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  • USA prosecutors grant Trump Organization CFO immunity in Cohen probe
USA prosecutors grant Trump Organization CFO immunity in Cohen probe

The Cohen investigation was referred to federal prosecutors in NY by USA special counsel Robert Mueller , who is looking into Russian interference in the 2016 election and possible co-ordination between Trump's Republican campaign and Russian officials.

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  • Trump's Fed attack sees US dollar dive
Trump's Fed attack sees US dollar dive

USA central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve's last policy meeting showed on Wednesday.

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  • Tesla's Elon Musk Confesses the 'Worst Is Yet to Come'
Tesla's Elon Musk Confesses the 'Worst Is Yet to Come'

Board members, lawyers and the bankers who get overpaid to rubber-stamp the initiatives of impetuous guys like Musk are understandably miffed that they weren't consulted, before he tweeted the world about going private . "It seemed like better karma at 420 dollars than at 419 dollars", he said in the interview. The company and those close to h...

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  • China Files Complaint to WTO Over New US Measures
China Files Complaint to WTO Over New US Measures

China's Ministry of Commerce said the 30 percent tariffs announced in January violates WTO rules.The fees also apply to imports of solar cells and units from Europe, Canada, Mexico and South Korea, Increasing strained relations with USA allies.

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  • U.S. Threatens Further Sanctions Against Turkey Over Detained Pastor
U.S. Threatens Further Sanctions Against Turkey Over Detained Pastor

The court's decision came as Turkey and the United States exchanged new threats of sanctions, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the North Atlantic Treaty Organisation country. The latest USA announcement came after Turkish Finance Minister Berat Albayrak , the son-in-law of Preside...

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  • Turkey unlikely to give up on United States despite unprecedented row
Turkey unlikely to give up on United States despite unprecedented row

Turkey has been hit by a lira crisis fuelled by a fierce row with the United States. A Turkish court has rejected an appeal for United States Christian pastor Andrew Brunson to be released from house arrest during his trial on terrorism charges.

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  • Indian rupee drops to 19.03 vs UAE dirham
Indian rupee drops to 19.03 vs UAE dirham

The rupee recovered three paise from the previous day's close of 69.93. "Global investors have been shying away from risky emerging market assets in general, keeping emerging market forex including the rupee precarious", said Sajal Gupta, head of forex, Edelweiss Securities.

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  • Musk bid for Tesla: no formal offer, no firm deals with advisers
Musk bid for Tesla: no formal offer, no firm deals with advisers

The special committee has the authority to take any action on behalf of the board to evaluate and negotiate a potential transaction and alternatives to any transaction proposed by Musk, the company said in the statement . Goldman Sachs and Silver lake declined to comment. According to Musk, the tweet followed a meeting with the managing direc...

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  • Stolen Horizon Air plane crashes in Puget Sound island
Stolen Horizon Air plane crashes in Puget Sound island

It's a small island with about two dozen residents. A full investigation into the incident has been launched, and it is expected it will focus on how Mr Russell was able to take control of the aircraft, taxi it and take it off without detection.

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  • Turkey taking action to ease market concerns
Turkey taking action to ease market concerns

The kiwi lost 2 percent on Thursday after the Reserve Bank of New Zealand surprised the market by committing to holding rates at record lows until the end of 2020. "Some close the doors and some others open new ones", he added. "We can only say "good-bye" to anyone who sacrifices its strategic partnership and a half century alliance with a coun...

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  • Ryanair Strike: Hundreds of Flights Canceled During Peak Holiday Season
Ryanair Strike: Hundreds of Flights Canceled During Peak Holiday Season

But in a statement on its website Ryanair said that no flight will be canceled. The Dutch Airline Pilots Association has said at least 11 flights stand to be affected by the strike in the Netherlands. Skavsta airport was prepared to assist passengers affected by the strike but so far only "a handful" have turned up and they "were easily accom...

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  • United States waging
United States waging "economic war" against Turkey

On Friday the currency dropped as much as 18 percent at onepoint, the biggest one-day fall since a 2001 financial crisis inTurkey. Turkey's currency crisis has lurched on to the global stage, denting European and USA stocks as fears of contagion rise.

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  • Tesla's value underrated by Musk, top investor says
Tesla's value underrated by Musk, top investor says

These analysts have an average price target on the stock of $321.89, which implies almost 14% downside from current levels. The Times article went on to mention that, if Musk has not in fact fully secured the funding , the assertion of which sent shares up, it would amount to securities fraud.

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  • Trading in Tesla stock suspended after Musk tweet on going private
Trading in Tesla stock suspended after Musk tweet on going private

When another person tweeted that going private "saves a lot of headaches", Musk replied, "Yes". Musk has feuded publicly with regulators, critics, short sellers and reporters, and some analysts have suggested that less transparency would be welcomed by Musk.

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  • Korea braces for US sanctions on Iranian imports including oil
Korea braces for US sanctions on Iranian imports including oil

Trump abandoned the deal in May. "They are imposing sanctions on Iranian children, patients and the nation", the president said. Iran's rial has lost more than half its value since April, in part over fears of renewed sanctions, but also thanks to an ill-judged attempt to fix the value of the rial that month and make it illegal to trade at a h...

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  • Carney Says Chance of a No-Deal Brexit Is ‘Uncomfortably High’
Carney Says Chance of a No-Deal Brexit Is ‘Uncomfortably High’

The fall came after Bank of England Governor Mark Carney said there was an "uncomfortably high" chance that Britain will leave the European Union without a deal. And is now provoking Brexiteers again by making similar claims about a "no deal" Brexit , calling it "highly undesirable" and saying it will lead to higher prices.

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  • China announces $60 billion of U.S. goods for tariff retaliation
China announces $60 billion of U.S. goods for tariff retaliation

Signalling the nation's readiness to respond to higher tariffs threatened by Donald Trump on $200bn of Chinese imports, officials in Beijing said countermeasures were ready and waiting for the next move from Washington . During a July 20 CNBC interview, Trump said that he was willing to put tariffs on all $505.5 billion dollars worth of goods ...

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  • Apple Stock Buyback Tops $20B In Second Quarter
Apple Stock Buyback Tops $20B In Second Quarter

It could cement customer loyalty to these brands, enhancing a perception of quality. Shares of Apple briefly hit $207.05 in late-morning trading, before retreating somewhat. Canada's entire gross domestic product (GDP ) is valued at about 1.7 trillion dollars right now. Today, most analysts think Apple has a solution: Selling existing iPhon...

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