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Xiaomi loses a billion

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That's compared to 114.6 billion RMB ($17.9 billion) in total sales for all of a year ago, according to digging from TechCrunch partner site Technode . For 2017 sales, China represented 72 percent, but it had been 94 percent and 87 percent, respectively, in 2015 and 2016. The company has also seen massive success in India where it is one of the most popular smartphone brands. Read More »

The Dark History of the 'Tranquil' Island Hosting the Trump-Kim Summit

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Trump pushed back on criticism that giving the North Korean leader a meeting with an American president is a major concession with nothing of value in return. Lee Eun-ho (pictured above), a 70-year-old worker, said the North would never give up its nuclear weapons as Kim had "developed them to hold on to power in the first place". Read More »

Jaguar Land Rover moves Discovery production to Slovakia

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However, the move has also been welcomed locally as a step for the manufacturer to upgrade the Solihull plant to build new, electric models. "The decision to move the Land Rover Discovery to Slovakia and the potential losses of some agency employed staff in the U.K.is a tough one but forms part of our long-term manufacturing strategy as we transform our business globally", Jaguar Land Rover said in a statement. Read More »

Net neutrality repeal takes effect Monday

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Others, including the governors of Montana and NY, used executive orders to force net neutrality. In May, congress overturned the repeal with a bipartisan vote in the Senate. Per a report from Slate , governors in both NY and Montana have signed executive orders to keep net neutrality in place. But critics claim that the FCC's new rules could invite internet service provides an opportunity to slow down its competitors' content. Read More »

IKEA phases out plastic

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Seale said that the company is looking to do its part for the planet. The Swedish home furnishing giant says it will stop using products such as plastic straws, plates, cups, freezer and garbage bags. Heidi Taylor, Managing director of Tangaroa Blue, a charity in Far North Queensland that documents pollution, says her foundation applauds big corporations like IKEA for integrating policies into their global business that reduces their plastic production, but said more needed to be done ... Read More »

Donald Trump, Kim Jong-un to open historic summit with one-on-one powwow

President Donald Trump . A pin on their lapels depicted the two former North Korean leaders, Kim Il Sung and Kim Jong Il, Kim Jung Un's grandfather and father. Hours earlier, Kim had arrived in a jet and was received by Balakrishnan before heading to St Regis Hotel. Kim has met twice with both Moon and Chinese President Xi Jinping. Read More »

Poundworld on brink of collapse putting 5,300 jobs at risk

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Sources told the Press Association that the planned notice will give Poundworld time to structure a pre-pack administration deal with private equity firm R Capital, former owner of Little Chef. Losses for the financial year 2016-17 were £17.1million, up from £5.4million the year before. The retailer was hit with a £5.7m charge for onerous leases, a provision retailers make when the cost of a lease is no longer covered by the income of the store. Read More »

"Pickle juice" slush debuts at Sonic restaurants Monday

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The other flavors joining the tart frozen treat are Tiger's Blood, Blue Hawaiian and Bahama Mama. Once the slush hits menus, pickle lovers will have more reason to celebrate, as Sonic says customers can ask for a spritz of pickle juice on whatever their "heart desires". Read More »

IHOP reveals what IHOB will stand for

Additional changes to the menu have not been announced. In the week since, Twitter users speculated that the restaurants might be changing its name to reflect new menus more focused on bacon, blueberries or brunch. According to CNN, IHOP has been the restaurant's acronym since 1973. IHOP closed a DeWitt location in 2015 when a new one opened in Destiny USA, but the Syracuse mall restaurant closed less than a year later amid a dispute over rent. Read More »

Rolls-Royce reveals further problems with troubled Trent 1000 engines

The company warned that fixing the latest problem will result in additional costs, although it is still expecting to generate about £450m in cash this year. Rolls has been based in Derby since 1906. Specialist restructuring firm Alvarez & Marsal is supporting Rolls-Royce with the programme. Rolls-Royce returned to profit previous year with a pre-tax surplus of £4.9billion, thanks to a £2.6billion accounting boost from the recent strengthening of the pound. Read More »

'One-time shot' for peace with North Korea

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Word does get around, however, and it is quite likely that the prospect of a meeting between Kim and Trump is on the public's radar. He said that those talks "in fact are moving quite rapidly and will come to a logical conclusion more quickly than anticipated". Read More »

Uber and Lyft scooters are coming soon to San Francisco streets

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Those three companies in March "unloaded hundreds of motorized scooters" across the city, the San Francisco Metropolitan Transit Authority said in May. Operators that win the new scooter permits will need to provide user education, be insured, share trip data with the city, have a privacy policy and offer a plan for low-income users. Read More »

5,000 jobs at risk as Poundworld slides towards administration

Poundworld, which has a chain of 335 shops, filed a notice of intention to appoint an administrator last Thursday , giving it temporary protection from its creditors. It also operates the Bargain Buys chain which has a store in Gravesend. House of Fraser is seeking landlord approval for the restructuring plan, which is a form of insolvency known as a Company Voluntary Agreement (CVA). Read More »

Foxconn says investigating labor conditions at China factory used for Amazon

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The New York-based China Labour Watch released a report at the weekend following a nine-month investigation of working conditions at the factory in Hengyang, Hunan province. The report concluded: 'Amazon has the ability to not only ensure its supplier factories respects the rights of workers but also that there is equal pay for equal work. Read More »

Saudi Arabia to host Gulf conference on supporting Jordan

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Other monarchies are anxious that unrest in the United States ally could spill over across the region where other countries such as Bahrain and Egypt have been facing similar challenges, Reuters reported. Jordan blames its economic woes on instability rocking the region and the burden of hosting hundreds of thousands of refugees from war-torn Syria, complaining it has not received enough global support. Read More »

Bitcoin (BTC) Nosedives Amid South Korea Exchange Heist

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The world's most valuable digital currency is now trading at $7,229 per coin, widening losses for the year to 48%. The Bitcoin price has now dropped almost 60 per cent in 2018. Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. The firm, which trades more than 50 cryptocurrencies, added that it had frozen all exposed coins - Fundus X, Aston, and Enper - and other units had been taken offline in ... Read More »

Study shows how little we know about gig economy

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Taken at face value, the results indicate that the role of non-traditional work arrangements in the U.S. economy has remained largely unchanged during the past 20 years, even as excitement and media coverage of the growth of the "gig economy" has increased. Read More »

White House adviser: Trudeau remarks ‘betrayal’

He also said that because of Trudeau's comments, he instructed USA trade representatives to not sign the communique the G-7 leaders had agreed upon expressing the need for "free, fair, and mutually beneficial trade". A frenzied effort in May to reach a deal that could pass the current Congress by the end of this year has stalled, in part after Trudeau's final push ran up against Trump's insistence on a five-year sunset clause that would see the pact renegotiated or killed after five years. Read More »

"Harry Potter", Glenda Jackson, Andrew Garfield win top Tony Awards

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Before launching into a brief speech in which he sang the praises of longtime friend Springsteen, De Niro wanted to make one thing very clear: FDT, no YG included. Members of Herzfeld's drama department took the Tony stage to serenade her with Seasons of Love from Rent . "Your biggest obstacle", said Stachel of " The Band's Visit ", addressing young artists all across the nation, "may turn out to be your objective". Read More »

Robert De Niro Says 'F-k Trump' Live at Tony Awards 2018

Many critics have tapped "The Band's Visit" as their odds-on favorite to be crowned best new musical. When hosts Sara Bareilles and Josh Groban came back onstage, they were dressed in each other's characters in the musicals they were in - with her in a beard and him in a short waitress outfit. Read More »

More than 1.5 tons of Tyson frozen, breaded chicken recalled

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The recalled products are marked with the number "P-746" on the product package. If you think you were injured or sickened by the recalled chicken, the FDA recommended seeking medical treatment. These products should be thrown away. In 2014, more than 75,000 pounds of chicken nuggets were recalled over plastic problem that stemmed from a product scraper inside a blending machine. Read More »

Japanese government forces Airbnb to cancel thousands of bookings

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Japan is implementing a new law that would make Airbnb legal in the country. Airbnb said changes to the guidance around its implementation meant reservations would now be affected. Data shared with the authorities will now include passport details and the dates of bookings. Airbnb is also attempting to help guests find alternative Airbnb listings that are in compliance with the new law. Read More »

Swiss Voters Strongly Reject Money Reform Proposal

The slogan reads "Dear Swiss National Bank, please remember why we founded you". A final result is expected around 1500 GMT. This is on the minds of Swiss voters this weekend, as they go to the polls for a referendum on whether to adopt a "sovereign money" system . Read More »

Echostar Corp (NASDAQ:SATS) Institutional Investor Sentiment Trend

Moreover, Bnp Paribas Arbitrage Sa has 0% invested in EchoStar Corporation (NASDAQ: SATS ) for 2,672 shares. The number of shares now owned by investors are 95.66 mln. The short interest to Echostar Corporation's float is 2.08%. About 91,405 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 18.76% since June 7, 2017 and is downtrending. Read More »

Fossil Group's British business challenged by department store closures

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Once approved, 2,000 direct jobs and 4,000 brand and concession roles will be at risk. Creditors are expected to vote on this proposal on 22 June. The largest House of Fraser to close is on London's Oxford Street, where it occupies one of the most valuable retail locations in the country and is one of the most iconic stores on Britain's busiest thoroughfares. Read More »

Glorious Leader Calls Justin Trudeau A Liar

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However, Edward Alden, also a CFR senior fellow, said repairing relations with our immediate neighbors Mexico and Canada , who had felt NAFTA would shield them from the American government's more extreme protectionist measures, have found themselves essentially abandoned. Read More »

Oil spill was 4800 litres

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In fact, it was 4,800, the company says. In an emailed statement on Sunday, a spokesperson for the ministry said the discrepancy was due to 100 litres being "the minimum threshold under their spill reporting obligations". Since its inception, Kinder Morgan's Trans Mountain expansion project has faced fierce and widespread grassroots opposition across Canada as well as legal challenges that have brought the projection's completion into question. Read More »

Iran: Oil prices could jump to $140 on USA sanctions

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West Texas Intermediate for delivery next month declined US$0.21 to settle at US$65.74 per barrel on the New York Mercantile Exchange. NEW YORK, June 8 (Reuters) - Oil prices fell on Friday as concerns about surging USA output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Read More »

Petrol prices cut for 10th day in a row, diesel slashed too

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Diesel prices also decreased by 15 paise to Rs. 68.58 per litre in Delhi . Petrol and diesel prices have dipped again, for the tenth day in a row. The government does not want to cut excise duty and is looking at alternative means to reduce petrol and diesel prices that had on May 29 touched an all-time high of Rs 78.43 per litre and Rs 69.31 a litre respectively. Read More »

Plastic straws will soon no longer be served at A&W Restaurants

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The paper straws will be more expensive for A&W, but the company says you'll still pay the same for a root beer float. "It's the right thing to do, we've really built a big packaging program on reusable packages, and this is just the next step in our journey and we're going to continue to identify opportunities like this", explains A&W's Tyler Pronyk. Read More »

FDI Into India Decreased To $40 Billion In 2017

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Authorities could attract tens of billions of dollars of FDI in coming years by selling state assets and involving foreign companies in public-private partnerships to build and operate infrastructure. "FDI to Nigeria fell 21 per cent to $3.5 billion" FDI to Nigeria fell 21 percent to $3.5 billion". India's GDP, now pegged at more than $2.8 trillion by the International Monetary Fund, grew at the fastest pace in seven quarters at 7.7 per cent during January-March 2018. Read More »

Quebec ticket takes Lotto Max's $60 million jackpot

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There were Max Millions tickets sold in both locations. Tonight's draw (Friday, June 8th) will take place at 7:30 pm PST. If you choose to participate, do not forget to play responsibly. One second prize, worth $202,003.60, was sold in Cambridge. For each $5 play, Lotto Max players receive three sets of seven numbers ranging from one to forty-nine. Read More »

Microsoft to Acquire GitHub for $7.5 Billion

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I'm Nat Friedman , future CEO of GitHub. Will that be enough to reassure GitHub's more jittery users, however? Developers are really particular about their setup, and choosing an editor is one of the most personal decisions a developer makes. Read More »

BMW recall delay ‘contributed to driver death’

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The inquest found that BMW's actions contributed to Gurung's death, but there was insufficient evidence to suggest corporate manslaughter, reports the BBC . He was pronounced dead at the scene as a result of multiple traumatic injuries, the coroner concluded. Mrs Loxton said the BMW's driver had no reason to expect a total power failure while driving. Read More »