• China's premier appeals for free trade amid tariff battle
China's premier appeals for free trade amid tariff battle

Trump said that he was always willing to make a better deal with China on trade, but warned them from trying to hurt farmers, ranchers, and industrial workers. "They worry that the tit-for-tat model is playing into Trump's hands". The trade rivalry between the US and China escalated to an unprecedented level on Tuesday, with both countries a...

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  • Coca-Cola considers cannabis-infused drinks
Coca-Cola considers cannabis-infused drinks

This push for product diversification is perhaps also what could give the company an edge in the cannabis-infused beverages business. And the Green Party leader says he is now vindicated on the question of mass production of cannabis for medical purposes.

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

But if the administration enacts the additional tariffs on $267 billion in goods, it would engulf all remaining US imports from China and Apple products like the iPhone and its competitors would not likely be spared. The tariffs also threaten to undermine the prospect of any further talks any time soon with Beijing. "Sino-US economic and trade ...

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  • Oil prices rise as focus returns to supply concerns
Oil prices rise as focus returns to supply concerns

The crude oil imports from Iran is ready to decline further by almost half from the starting of this year as India is negotiating with the United States to win waivers on export sanctions Washington plans to reimpose on Iran . The more pressing issue is the fact that Iran's exports are falling faster than most analysts had anticipated. ...

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  • Jeff Bezos Pledges $2 Billion Toward Education and Homelessness
Jeff Bezos Pledges $2 Billion Toward Education and Homelessness

Jeff Bezos and his wife MacKenzie Bezos launched a US$2 billion fund to help homeless families and create a network of non-profit preschools in low-income communities. Trump has repeatedly said without evidence that package deliveries by the US Postal Service for Amazon were costing the service money. Bezos said it is important for politicians not...

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  • Canada trade deal 'eminently possible,' Freeland says
Canada trade deal 'eminently possible,' Freeland says

The Canadian dollar edged up 0.07 cents to 0. If Canada is kicked out of the new NAFTA , Americans would see a number of industries negatively affected, from oil production to retail stores to tourism as Canadians will choose to buy more domestic products to avoid American ones .

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  • Congress-led Bharat bandh fuels Opposition fire against Centre
Congress-led Bharat bandh fuels Opposition fire against Centre

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 and diesel. AAP leaders staged a protest at Delhi's Jantar Mantar against the fuel price hike . This is the biggest increase in rates in any fortnight since the daily price revision was in...

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  • Tesla shares sink after key executives exit
Tesla shares sink after key executives exit

Some investors were likely concerned with Musk's behavior during the Rogan podcast, which included some smoking and alcohol. "Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations ", Morton said in a statement released by Tesla .

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  • Donald Trump Mocks Obama Shellacking , Demands DOJ Investigate NYT Op-Ed Writer
Donald Trump Mocks Obama Shellacking , Demands DOJ Investigate NYT Op-Ed Writer

Here are the notable important things he said during the speech, including this helpful reminder about democracy: "This is not a rock concert". "What bothers me is that if what was written was true, then there is a cabal in the White House that's working against the president ", said Paterson, who also served as the New York Democratic Party's c...

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  • Bitcoin Falls After Goldman Reportedly Drops Crypto Trading Plans
Bitcoin Falls After Goldman Reportedly Drops Crypto Trading Plans

Last year when Bitcoin dominance was over 50%, conditions of the market were different compare to what is obtained this year. Still, Edward Morra, a widely recognized technical analyst in the crypto community, has said that Bitcoin and the rest of the market are still on a clear downtrend.

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  • Elon Musk apparently smoked marijuana in live podcast; Tesla stock down
Elon Musk apparently smoked marijuana in live podcast; Tesla stock down

But that's not it. The hiring of the accounting chief, Dave Morton , had been announced days before Musk abruptly took to Twitter last month and declared that he was planning to take Tesla private and had "funding secured". "Especially auto companies", Musk said. Morton and Toledano, whose departures come shortly after the U.S. Securitie...

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  • China's exports, imports slowed sharply in August
China's exports, imports slowed sharply in August

Earlier speculation was that those tariffs , proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week. "Our concern with these tariffs is that the USA will be hardest hit, and that will result in lower United States growth and competitiveness ...

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  • Alibaba co-founder Jack Ma to retire
Alibaba co-founder Jack Ma to retire

Ma will provide transition plans over a significant period of time , the spokesman was quoted as saying, adding that the succession strategy is part of a management plan 10 years in the making. The co-founder of $420the billion internet company, Jack Ma, has announced that he will be retiring from Alibaba on Monday. He started Alibaba from his f...

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  • British Airways probes customer data theft, says 380,000 transaction details compromised
British Airways probes customer data theft, says 380,000 transaction details compromised

British Airways said on Thursday that it was investigating a theft of customer data from its website and from its mobile application. Chief executive Alex Cruz says the company is "100% committed" to compensating customers who have had financial information stolen.

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  • Oil Prices Rally On Supply Worries
Oil Prices Rally On Supply Worries

United States markets were closed on Monday for Labor Day. At that level, the Shanghai contract had a market share for July of 14 percent, compared with 29 percent for Brent and 57 percent for WTI . sanctions are going to lead to constrained markets across the globe. "If emerging markets get worse. that will impact crude markets", he said. In ...

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  • Ramaphosa: China is not trying to re-colonise Africa
Ramaphosa: China is not trying to re-colonise Africa

Sun Baohong, Chinese ambassador to Kenya, said late August that China has become one of the most favorable destinations for Kenyan students. China loaned around $125 billion to the continent from 2000 to 2016, data from the China-Africa Research Initiative at Washington's Johns Hopkins University School of Advanced International Studies shows.

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  • Coca-Cola buys United Kingdom coffee company Costa for US$5.1bn | Leadership
Coca-Cola buys United Kingdom coffee company Costa for US$5.1bn | Leadership

Rival PepsiCo, meanwhile, recently bought carbonated drink maker SodaStream, which produces machines that allow people to make fizzy drinks in their own homes. The deal comes hot the heels of another big money acquisition in the sector. "I'd like to welcome the team to Coca-Cola and look forward to working with them".

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  • Optimism Rises as Canada, US Resume NAFTA Talks
Optimism Rises as Canada, US Resume NAFTA Talks

On Monday, Mexico and the USA made an informal deal to update the North American Free Trade Agreement ( NAFTA ), after five weeks of negotiating without Canada present. President TrumpDonald John TrumpKoch group pours almost M into ads to boost three GOP Senate candidates Gillum wins stunner and other takeaways from Arizona, Florida McSa...

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  • Midwest farmers hope trade deal with Mexico will rescue corn prices
Midwest farmers hope trade deal with Mexico will rescue corn prices

The US, along with other nations, has frequently called on Ottawa to open its market to increased competition in dairy products. "While the U.S. administration had been given special "fast-track" authority by Congress to seek a new NAFTA deal, it is unclear whether that applies to a bilateral agreement like this one (ie a deal that does n...

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  • Trump Announces Historic Trade Deal With Mexico: Canada Next?
Trump Announces Historic Trade Deal With Mexico: Canada Next?

Last year, the Trump administration unveiled its goals for renegotiating the North American Free Trade Agreement , a deal that reshaped trade between Canada, Mexico and the United States. The Mexican peso also climbed. This would require the White House to send a letter to Congress on Friday, stating they have entered into a trade agreement wi...

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  • Mexico minister says trying to get NAFTA deal as soon as possible
Mexico minister says trying to get NAFTA deal as soon as possible

He also backed Trump's suggestion that an agreement is not far off. The Mexico-U.S. discussions have focused on crafting new rules for the automotive industry, which U.S. Lighthizer and Jared Kushner, Trump's son-in-law and adviser, declined to comment on Sunday afternoon. Canadian Foreign Minister Chrystia Freeland said on Friday her governm...

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  • US, Mexico said to agree to NAFTA deal as Canada awaits talks
US, Mexico said to agree to NAFTA deal as Canada awaits talks

The hope is to have a deal for Mexican President Enrique Pena Nieto to sign before he leaves office, and the more left-leaning Andres Manuel Lopez Obrador takes over as president. A percentage of workers for vehicle manufacturers would also have to make more than $16 an hour. "We'll see what happens", Trump said, adding that Mexico's election was...

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  • Markets welcome Fed speech aimd emerging market jitters
Markets welcome Fed speech aimd emerging market jitters

Analysts said growing USA political uncertainty, reinforced by the criminal conviction of one of Trump's ex-advisors this week, was keeping the dollar under pressure, despite the United States embarking on greater monetary tightening than elsewhere.

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  • Verizon sued by CA firefighters for slowing speeds during wildfire
Verizon sued by CA firefighters for slowing speeds during wildfire

He provided email correspondence as evidence. The company added that the incident had nothing to do with net neutrality. Bowden initially made the comments as part of a court battle over the issue. "Our bigger concern is the throttling will impact people accessing evacuation notices, maps and public warnings". Bowden said service was slowed to 1/...

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  • Oil Jumps 3% On Big US Crude Draw, Iran Sanctions
Oil Jumps 3% On Big US Crude Draw, Iran Sanctions

Refinery utilisation rates remained unchanged last week at 98.1% of total capacity, the highest rates since 1999. In June, China was the biggest foreign buyer of American crude, importing a record 15 million barrels that month. According to EIA, the inventories of gasoline and distillates increased by 1.2 million barrels and 1.8 million barrel...

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