• 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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  • Parasite risk in salads and wraps sold at Kroger, Walgreens, Trader Joe's
Parasite risk in salads and wraps sold at Kroger, Walgreens, Trader Joe's

The affected products are chicken wraps and chicken salads sold only in Iowa, Illinois, Indianapolis, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio and Wisconsin. Consumers who have purchased these products are urged not to consume them. Some chopped romaine used by Caito Foods and supplied by Fresh Express has been recalled over ...

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  • Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report
Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report

If it does, Apple will be the first USA company to pass the trillion dollar milestone. "These results and guidance will increase investor confidence", Shannon Cross of Cross Research wrote in a note to investors. Apple services include streaming music and video, where Apple faces competition from rivals including Spotify Technology SA an...

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  • Harley-Davidson's new strategy: Smaller bikes, more foreign sales
Harley-Davidson's new strategy: Smaller bikes, more foreign sales

Harley-Davidson will also open smaller storefronts in urban areas. Harley-Davidson plans to develop a more accessible, small-displacement (250cc to 500cc) motorcycle for Asia emerging markets through a planned strategic alliance with a manufacturer in Asia.

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  • McDonald's goes retro with Big Mac tribute coins
McDonald's goes retro with Big Mac tribute coins

McDonald's Canada is introducing a "fully food-backed currency: the MacCoin", and starting August 2, 50,000 MacCoins, redeemable for one Big Mac, will be made available to Canadians from coast-to-coast. "The legendary taste of the Big Mac has helped it achieve universal recognition and a lasting legacy", said Marcia Graham, president of the Greater...

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  • SEC rejects bitcoin ETF proposal from Winklevoss brothers
SEC rejects bitcoin ETF proposal from Winklevoss brothers

Commissioner Hester Pierce broke with her colleagues, dissenting from the rejection . The decision is a setback for Bitcoin enthusiasts, since many observers expect that a regulated Bitcoin ETF would lead to an influx of institutional investors and, in turn, further legitimize the market.

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  • Spectrum Ordered to Leave New York
Spectrum Ordered to Leave New York

It wasn't immediately clear what the rejection means for Charter. Experts have reported that Charter Communications is going to be putting an appeal to the order made by the state of NY, though it likely will not be flipped over; it looks like Charter Communications is going out and never coming back in.

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  • Top Obama Economist: GDP Even Stronger Than It Looks
Top Obama Economist: GDP Even Stronger Than It Looks

A revised estimate for the first quarter showed that in the first three months of the year growth was 2.2 per cent. On Friday, the U.S. Bureau of Economic Analysis announced that the U.S. Chad Moutray, chief economist for the National Association of Manufacturers, credited the growth spurt to Trump administration policies. Exports are a par...

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  • Facebook lost $120 billion in market value over slow growth
Facebook lost $120 billion in market value over slow growth

So far, WhatsApp doesn't show ads, and its founders Jan Koum and Brian Acton left Facebook amid disagreements over advertising and other issues. In a research note, he said Facebook´s outlook "suggests that while the company is still growing at a fast clip, the days of 30 percent-plus growth are numbered".

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  • US Threatens Sanctions on Turkey If Jailed American Pastor Not Freed
US Threatens Sanctions on Turkey If Jailed American Pastor Not Freed

Pence warned that if Turkey does not take immediate action to free Brunson, "the United States of America will impose severe economic sanctions on Turkey". Brunson, who protests his innocence, has languished in prison for the past 22 months over his alleged links to Kurdish militants and a Muslim religious cult that is blamed by Turkish authori...

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  • Can Mexico's new leader reset relations with Trump?
Can Mexico's new leader reset relations with Trump?

The United States has imposed a 30-per-cent safeguard tariff on imports of solar panels from all countries, including Canada. To view the full article, register now. The Minister of foreign Affairs of Canada Chrystia Freeland and her colleagues - Finance Minister bill Morneau and the Minister of worldwide trade Jim Carr.

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  • Trump says China being 'vicious' by hitting U.S. farmers with tariffs
Trump says China being 'vicious' by hitting U.S. farmers with tariffs

A "trade promotion program" will work to find new markets for US agricultural products. He warned that those who pursue "economic hegemony" will "only end up hurting themselves". On Wednesday morning, President Trump tweeted that China is "vicious" on trade and said it's targeting USA farmers specifically because "they know I love & respect...

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  • Juncker Should Hope Trump Doesn't See This Chart Before Meeting
Juncker Should Hope Trump Doesn't See This Chart Before Meeting

The E.U. subsequently retaliated with tariffs on a number of US goods. Speaking ahead of the White House talks, Juncker admitted he was "not very optimistic", while Trump kicked off the day with a combative series of tweets vowing "no weakness" in the multiple fights he has launched with America's trade partners.

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  • Dollar dips, stocks slip on Trump remarks
Dollar dips, stocks slip on Trump remarks

In the eurozone, Frankfurt's DAX 30 jumped 1.4 percent and the Paris CAC 40 won 0.9 percent. China on Monday rebuffed renewed threats on trade from Washington, after US President Donald Trump threatened to impose further tariffs on all imported Chinese goods.

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  • Tesla Reportedly Asked Suppliers for Cash Back to Show Profit
Tesla Reportedly Asked Suppliers for Cash Back to Show Profit

The appeal was reportedly made as part of a wider effort to make Tesla profitable. Chief Executive Officer Elon Musk has said the company does not need to raise cash this year, but several analysts have predicted that the electric auto maker would need to raise capital soon.

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  • And now, a currency war?
And now, a currency war?

Companies including Microsoft and Honeywell rose as investors were pleased with their quarterly reports, but General Electric stumbled. But trade tensions are escalating anyway. The British pound strengthened 0.9 percent to $1.3136. GE, which has been selling and splitting off businesses, also cut its forecast for how much cash its businesses wil...

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  • Trump ups tariff threat, big US trading partners
Trump ups tariff threat, big US trading partners

In a taped interview with the business channel CNBC , Trump said "I'm willing to go to 500", referring roughly to the $505.5 billion in goods imported previous year from China . We're down $375 billion, but other estimates could say $507 billion. Wilson said: "Whether we get to the point where there is a full-blown trade war remains deba...

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  • Lufthansa Group wins big at Skytrax World Airline Awards
Lufthansa Group wins big at Skytrax World Airline Awards

The results were based on a survey of more than 20 million travellers, who reviewed over 335 airlines between August 2017 and May 2018. AirAsia was named world's best low-priced airline, the 10th year in a row it has won the award . "To have been awarded such accolades, in spite of the illegal blockade against our country, is a reflection of o...

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  • Caver who helped in Thailand rescue considers legal action against Elon Musk
Caver who helped in Thailand rescue considers legal action against Elon Musk

Claus Rasmussen, a Danish national and diving instructor in Thailand , called the allegations "inappropriate" and praised Unsworth's role in the rescue. A Thai military official told the New York Times that the mini submarine could be useful in some future rescue mission in open water. Musk also faced criticism over the weekend due to his n...

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  • Tesla to build first overseas plant in Shanghai
Tesla to build first overseas plant in Shanghai

Bloomberg described Tesla's decision as a "bold move", since the auto company has been "burning through billions of dollars as it's struggled to ramp up manufacturing of the Model 3 sedan". He also blames the EV maker for his problems of finding legal representation, stating: "There's nearly a cult of Tesla". Analysts estimate that China tak...

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  • Tesla commits to 500,000-car factory in China as tarrifs kick in
Tesla commits to 500,000-car factory in China as tarrifs kick in

Tesla CEO and wannabe cave diver Elon Musk was in Shanghai on Tuesday to secure a deal with Chinese authorities to build an ambitious new vehicle plant, Tesla's first outside the U.S., and a sign that President Trump's rapidly-escalating trade war might be having an unintended effect.

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  • Oil near US$74 amid Trump tweets, forecast drop in U.S. stockpile
Oil near US$74 amid Trump tweets, forecast drop in U.S. stockpile

US crude futures were down 58 cents at $73.56 per barrel by 12:00 p.m. EDT (1600 GMT), still in sight of Tuesday's 3-1/2-year high above $75. The recent strength in oil prices has in part been spurred by a USA announcement that it plans to reintroduce sanctions against Iran, OPEC's third-largest producer, from November, targeting oil exports....

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  • United States 'firing at itself' with trade measures: China
United States 'firing at itself' with trade measures: China

Chinese companies and investors girded for the worst, while economists cautioned any impact on the economy would be minimal. "A little fighting may be the only way the Trump administration clears its mind and allows everyone to sober up", the state-run Global Times said on Friday.

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  • Canada retaliates tariffs on U.S. metals, orange juice
Canada retaliates tariffs on U.S. metals, orange juice

Former Mexican Congressman Agustin Barrios Gomez joins Power & Politics to discuss what Mexico's president-elect Andres Manuel Lopez Obrador means for NAFTA negotiations. Canadian Foreign Minister Chrystia Freeland said the tariffs are regrettable. Sanders said that the tactic has only hurt American workers. " We've been very nice to Canada for...

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  • Canada tariffs on $12.6B of US goods take effect
Canada tariffs on $12.6B of US goods take effect

Canada and Mexico initially were exempted from the U.S. metals tariffs - as was the European Union - but Trump allowed the duties to take effect June 1 after talks stalled to revamp the 1994 trilateral North American Free Trade Agreement ( NAFTA ).

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  • Tesla hits Model 3 production target, but shares turn lower
Tesla hits Model 3 production target, but shares turn lower

Tesla has reached the production target for its Model 3 vehicle, according to a regulatory filing published on Monday (2 July). Tesla said it produced 53,339 vehicles during the second quarter, an increase of 55 percent from the prior period.

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