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Opec’s challenge - to pump more oil while keeping deal in place

Saudi Arabia urges OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran shows signs of wavering. Observers say the participating countries could simply agree to stop exceeding their quotas for cutbacks, and stick to the agreed target of trimming production by 1.8 million barrels per day (bpd).

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Trump Trade Adviser Doesn't Know About iPhone Trade Exemption

The fifth round, meanwhile, are the hypothetical additional tariffs on $200 billion of Chinese products that Trump has threatened to impose if Beijing retaliates to the fourth round. economic and national security. In a post illustrated with an unflattering picture of Trump with his hair flying in the wind, the ruling Communist Party's People's Daily said on its WeChat account that China had the confidence and the ability to win the trade battle.

Business

Google to invest $550-million in Chinese e-commerce giant JD.com

The companies hope to explore retail opportunities together in Southeast Asia, the U.S. and Europe and certain products will be made available on Google Shopping , according to an announcement released on JD's summer mega sale day, "618" or June 18, the anniversary of the company's founding in 1998.

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Kansas deputy killed, another critically wounded by gunman who was also shot

Wyandotte County sheriff's deputy Patrick Rohrer was shot and killed in Kansas City, Kansas, June 15, 2018 . Authorities aren't looking for any other suspects, Blair added. "We gather here today with so many emotions coursing through our guts", Alvey said, noting that some of those are "feelings of anger and revenge toward the assailant".

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U.S. Oil Prices Rise as Stockpiles Fall

Saudi Arabia has enjoyed diplomatic ties with the USA for decades, and may be facing strong pressure to temper oil prices as President Donald Trump targets Iran - the kingdom's political rival - with sanctions. With output in Russian Federation rising back above 11 million bpd in June and Saudi production climbing back above 10 million bpd, supplies from the top three producers are increasing.

Business

Fed Raises Interest Rates for Second Time this Year

United States monetary policy and its rate structure is setting it apart from most of the rest of the developed world in a fashion that will impose pressure on economies that may be more fragile than they might previously have been regarded in an ultra-low global rates environment.

Business

Comcast tops Disney with $65bn offer for Twenty-First Century Fox

President Donald Trump to block the takeover and potentially clearing the path for more such deals in a rapidly changing media industry. It looks Comcast is determined to not let Disney have things their way with recent plans for their acquisition of Fox.

Business

Elon Musk: Tesla Roadster to get SpaceX rockets

The Tesla Model S is powered by a 200 kWh battery pack and three electric motors in total. And shares are just 10% from their all-time highs. Musk has already promised a summer release of a new on-ramp/off-ramp feature for Enhanced Autopilot .

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Tesla to lay off 9% of workers as part of restructuring plan

He noted that Tesla has never made an annual profit - a point that's often made by critics. "What drives us is our mission to accelerate the world's transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable".

Business

Republicans Split, Democrats Aghast Over White House Tirade Against Trudeau

Among other insults the president levelled at the PM, Trump called Trudeau "very dishonest and weak", and accused Canada of ripping the USA off in trade. "I can't believe this has to be said, but Justin Trudeau obviously didn't have a "fake eyebrow" falling off during his press conference with Emmanuel Macron", the reporter tweeted.

Business

ZTE has reached a deal to have U.S. sanctions lifted

The May ban came after the government determined that ZTE violated terms of its 2017 settlement by failing to fire employees involved with illegally shipping United States equipment to Iran and North Korea. ZTE had agreed to dismiss four senior employees and discipline 35 others either by reducing their bonuses or reprimanding them, according to senior Commerce Department officials.

Business

Oil prices rise amid Venezuela export concerns

Iran's OPEC governor, Hossein Kazempour Ardebili, was responding to news that the USA government had unofficially asked Saudi Arabia and some other OPEC producers to raise output. This follows news on Tuesday that the US government had unofficially asked Saudi Arabia and some other OPEC producers to raise oil output. "It's insane and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran's export due to their Illegal sanction on Iran and ...

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Ghana to dissolve football association over bribery allegations

Ghana has dissolved its football association following a BBC "Africa Eye" documentary exposing corrupt football officials in West Africa. The video also showed Nyantakyi offering to facilitate the award of key government contracts to the businessman on conditions that he paid kickbacks totalling $12 million through him to top officials including President Nana Akufo-Addo.

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Google to continue working with military, but will avoid nukes and spying

Following the anger, Google decided not to renew the "Maven" AI project with the US Defence Department after it expires in 2019. Despite Google's commitment not to use AI to build weapons, employees questioned whether the principles would explicitly prohibit Google from pursuing a government contract like Maven in the future.

Business

United States allies seek new friends as Trump tensions mount READ MORE

The announcement came just ahead of U.S. Secretary of Commerce Wilbur Ross's visit to China. It announced that "the United States will impose a 25% tariff on $50bn of goods imported from China containing industrially significant technology, ..." Such curbs would violate the " rules and basic spirit " of the World Trade Organization , said a Commerce Ministry spokesman, Gao Feng.

Business

Trump under fire for tweet about jobs report

The president and other senior members of his administration are privy to the numbers a day before their release, but a Bureau of Economic Analysis rule bars executive-branch employees from commenting until an hour after the numbers are officially made public.

Business

Singapore Airlines to launch longest commercial flight in Oct

According to the airline's statement , the new aircraft will increase passengers' comfort as it features "higher ceilings, larger windows, an extra wide body and lighting created to reduce jetlag", as well as a carbon composite airframe that "allows for improved air quality due to a more optimized cabin altitude and humidity levels".

Business

Amazon to block Aus shoppers from U.S. website

This rule now exists, but only on purchases over $1000. Just how the world's overseas online retail giants would react to Australia's new (and controversial) GST rules had since been confined to the realm of speculation. Dr. Minifie, the economist, said that Amazon would probably continue to build a healthy customer base in Australia despite the change. A spokesperson for Treasurer Scott Morrison said the new GST regulations "level the playing field" for Australian businesses.

Business

Dozens of Kmart and Sears stores closing; None in Nebraska

The auto center at the Metrocenter Sears was scheduled to shut down in late June. After the latest closings, there will be about 820 Sears and Kmart stores, down from about 2,000 locations five years ago. " Amazon is hurting these traditional retailers". Such a deal would infuse the debt-laden company, which also runs Kmart discount stores, with at least $500 million cash, helping it remain in business.

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Petrol, diesel price cut by 1 paisa a litre

A ONE paisa cut is not a suitable response to the #FuelChallenge I threw you last week, he tweeted. While Kerala CM has announced a cut of Rs 1 per litre on the tax on fuel , Punjab CM Amarinder Singh described " 1 paisa " reduction of fuel price as a cruel joke.

Business

Canadian Government to Buy Contested Oil Sands Pipeline

The government's move effectively nationalises the project in a bid to quash dozens of legal challenges and protests at construction sites. "To guarantee the summer construction season for the workers who are counting on it, and to ensure the project is built to completion in a timely fashion, the federal government has reached an agreement with Kinder Morgan to purchase the existing Trans Mountain pipeline, and the infrastructure related to the Trans Mountain expansion project", ...

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U.S. team in NKorea raises expectations of a Trump-Kim summit

President Donald Trump indicated on Friday that the proposed summit with North Korean leader Kim Jong Un may still happen . The Washington Post first reported that the team, which also included Allison Hooker, the Korea expert on the White House National Security Council, met with Choe Son Hui, the North Korean vice foreign minister.

Business

Trump Tells Grads 'You Don't Give Up, You Don't Give In'

In a scathing op-ed written for the Baltimore Sun , USNA graduates Daniel Barkhuff and William Burke write about men who are true profiles in courage who could give Navy grads real advice on their future careers - and they contrast them unfavorably with Trump .

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House conservatives want second special counsel to investigate alleged DOJ 'misconduct'

FBI Director Christopher Wray, Director of National Intelligence Dan Coats and Acting Principal Associate Deputy Attorney General Ed O'Callaghan are also expected to attend, she said . Top officials at the FBI and Justice Department have agreed to "review" highly classified information with lawmakers who have been seeking such information on the handling of the Russian Federation investigation.

Business

Admiral Group (LON:ADM) Increases Dividend to GBX 58 Per Share

HomeServe plc (LON:HSV) has 0.00% since May 16, 2017 and is. Analysts await Auto Trader Group plc (LON:AUTO) to report earnings on August, 2. Genesis Asset Managers Limited Liability Partnership accumulated 1.77M shares. The company was maintained on Friday, November 17 by Liberum Capital. The firm has "Buy" rating given on Thursday, April 12 by Numis Securities. On Thursday, April 26 Numis Securities maintained Wizz Air Holdings Plc (LON:WIZZ) rating.