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EU, Britain agree to fast-track Brexit talks

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The government said it was committed to giving regulators like the Bank of England and the Financial Conduct Authority a "general transitional tool" to phase in changes to ease the impact if no deal is agreed. That was followed by a backlash from political opponents who said it depicted a government in chaos. "The negotiations are now entering the final stage". Read More »

Australia's Prime Minister Has Lost Party Support and Should Resign, Colleagues Say

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Early Thursday afternoon, the final signatures for the party meeting request were being gathered. On Tuesday, former Home Affairs Minister Peter Dutton lost an internal party vote by a slim 13-vote margin. Mr. Turnbull has been under pressure following a by-election loss in Queensland and poor results in polls. Turnbull appeared to blame media critics from News Corp and commentators such as Peta Credlin of Sky News, Ray Hadley of 2GB and Alan Jones of 2GB for urging Liberals to turn ... Read More »

Inquiry into 'state capture' scandal begins in South Africa

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Jonas and Mentor alleged that the Gupta family offered them ministerial jobs in exchange for government contracts. "It is important that we find out who's the culprits and that the recommendations by the inquiry can be made and that we, in a year or two years' time, can put this state capture behind us", he said. Read More »

Debate over longest bull market centers on rounding

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Steady earnings and robust government spending partnered with a low rate of inflation have many investors optimistic about the market heading into the holiday spending season. The Russell 2000 was last up 1.2 percent. Volume on US exchanges was 5.26 billion shares, compared to the 6.42 billion average over the last 20 trading days. Read More »

What Cohen's plea says about Trump and campaign finance violations

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In an interview with Sky News on Wednesday, Cohen's lawyer Lanny Davis confirmed that the candidate his client was referring to Donald Trump . He did not offer specifics. Investigators from NY state's tax department entered the mix on Wednesday, subpoenaing Cohen to share what he knows about the Trump Foundation, the president's embattled charitable foundation. Read More »

Erdogan says Turkey will overcome economic attack

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His remarks came in response to a recent currency sell-off that has spread to other emerging market currencies and global stocks. " The attack on our economy has absolutely no difference from attacks on our call to prayer and our flag ". The Trump administration has turned Brunson's detention into a rallying call among Christian conservatives, particularly Evangelicals, and the president has feuded with Turkish President Recep Tayyip Erdogan openly over the American pastor. Read More »

Michael Cohen Is Going To Jail

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Manafort, who appeared jovial earlier in the day amid signs the jury was struggling in its deliberations, focused intently as the clerk read off the charges. The President responded to the Manafort verdict but had no word on the Cohen guilty plea until Wednesday morning. Cohen's accusation increases political pressure for Trump ahead of November's congressional elections where Democrats are trying to regain control of the House of Representatives and Senate . Read More »

U.S. sanctions Russian shipping companies

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In particular, he warned, Russian Federation has been rallying and supporting, financially and organizationally, groups on the far left and far right "that stood for really heinous and ugly causes". Cory Gardner pressed both Mitchell and the Treasury's Assistant Secretary for Terrorist Financing Marshall Billingslea on whether the administration is considering designating Russian Federation as a state sponsor of terrorism - after North Korea was for using a nerve agent in the assassination of ... Read More »

Iran oil minister: Frances oil giant Total pulls out if…

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Earlier reports had suggested that China National Petroleum Corp., a state-owned Chinese firm, was considering whether to take over Total's stake in the development of the South Pars natural gas field. This triggered speculations that CNPC would assume Total's share in the project to be the consortium leader with a total share of around 80 percent. Read More »

Gold prices extend gains as dollar sags after Donald Trump remarks

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On Monday, Mr Trump said he was "not thrilled " that... "I'm very concerned, especially given this very divisive and highly politicised environment, that bringing the Fed into that environment could complicate the Fed's communications [to the public], its support in the Congress and among the American people", said Donald L Kohn, who spent 40 years at the Fed and retired as its vice chairman in 2010. Read More »

Pepsi to buy Israel’s SodaStream for $3.2 billion

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Melanie Felgate, senior consumer insights analyst at data and analytics company GlobalData says: "SodaStream allows consumers to customize their own beverages to create not only flavors - but potentially sugar levels - to suit their needs, helping PepsiCo better meet consumer's needs for products which are not only healthier but do not compromise on taste". Read More »

Shots Fired at Gate of US Embassy in Turkey

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The attack in the Turkish capital happened shortly after 7am local time. The US embassy spokesman David Gainer confirmed to Agence France-Presse that a "security incident" had taken place. A search to nab the suspects involved in the attack was launched soon after the attack, resulting in the arrest of two people, police said. It said empty cartridges were found at the scene. Read More »

Elon Musk Tesla New York Times Interview

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The regulator is already looking into Musk's tweet saying his plan for privatisation had " funding secured ", amid concerns he misled investors. According to The Times , Musk told an informal adviser he sent the tweet because he had difficulty keeping information to himself and was frustrated with the company's critics. Read More »

Nvidia: 'Substantial Decline' in GPU Sales from Crypto Miners

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The company forecast current-quarter revenue of $3.25 billion, plus or minus two percent, whereas analysts on average were expecting revenue of $3.34 billion, according to Thomson Reuters I/B/E/S. Nvidia's net income rose to $1.1 billion, or $1.76 per share, in the second-quarter ended July 29, from $583 million, or 92 cents per share, a year earlier. Read More »

'Stop quarterly reporting', Trump tweets for his business friends

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It's a move that would benefit businesses and workers, the president said. But moving away from reporting earnings every three months would be a much more dramatic change that would nearly certainly trigger resistance from shareholders who want transparency from the companies they invest in. Read More »

Fire in Italian bridge rubble hampers recovery efforts

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Giovanni Castellucci, CEO of Autostrade per l'Italia, the company that manages Italian highways and bridges, told reporters it has a plan to demolish what's left of the largely concrete 51-year-old Morandi Bridge and build a "less imposing" steel span. Read More »

Bitcoin price falls below £5,000 as market hits ‘panic mode’

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BCH/USD: Bitcoin Cash, remained no different, rising, but proportionately lower than its counterparts, after a generic pessimism that shook digital currency markets since mid of last week. While the coin failed to defend the $6,500 mark in late trading, it finished the day in the red, closing the session at $6,308.52. The Ethereum price has lost 22% over the past one week despite the recent price increase. Read More »

Google CEO Tells Staff China Plans Are ‘Exploratory’ After Backlash

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But plans to engineer a censored version of its services for China have got Google staff up in arms, with employees questioning the morality of the endeavour. At the time , Chinese internet users marked the loss of Google's search engine by laying flowers at the company's Beijing offices in what became known as an "illegal flower tribute". Read More »

Goldman Says It's Advising on Tesla Days After Musk Buyout Tweet

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Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday about working with Goldman, even as the reported subpoenas indicated the SEC has opened a formal investigation into a matter. It has become clear since then that neither Musk nor Tesla had actually lined up the necessary financing aside from having preliminary conversations with some investors. Read More »

Elon Musk says he's cracking under stress of Tesla job

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The paper said the electric auto company's swashbuckling boss choked up at times during the interview as he talked about working marathon hours trying to meet production deadlines. Add Elon Musk as an interest to stay up to date on the latest Elon Musk news, video, and analysis from ABC News. "They can have the reins right now". Read More »

United States says ready with more sanctions if Turkey does not free pastor

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Pastor Andrew Brunson , who has lived in Turkey for more than two decades, was detained in 2016 after a government crackdown following a failed coup attempt. Kristina Arriaga, vice chair of the US Commission on International Religious Freedom, recently returned from Turkey. American officials have also protested the detentions of several Turkish employees of the US diplomatic mission in Turkey, including Metin Topuz, Hamza Ulucay and Mete Canturk. Read More »

Stocks edge higher as Turkey worries offset U.S.-China trade talks

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President Donald Trump said during a cabinet meeting at the White House that Turkey "hasn't turned out to be a great friend". Brent was at just over $70 a barrel and USA crude oil last stood at $65.12 a barrel, having fallen to two-month lows of $64.42 a barrel, following Wednesday's 3.2% fall. Read More »

Turkish court rejects 3rd appeal for United States pastor's release

Treasury Secretary Steve Mnuchin said during a cabinet meeting Thursday that the U.S.is prepared to levy more economic sanctions against Turkey if Brunson is not released. "They can't take our people". Mr Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty. "This is very easy to resolve", the administration official said. Read More »

More US sanctions for Turkey if they don't obey

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The move came after U.S. President Donald Trump last week ramped up his attack on Turkey by doubling U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. In another element of the row with Washington, a USA court sentenced a senior executive of state-owned Turkish lender Halkbank to 32 months in prison in May for taking part in a scheme to help Iran evade US sanctions. Read More »

Russia says dollar’s days numbered as global trade currency

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Angered by the continued detention of an American pastor, the U.S. government imposed sanctions on two cabinet ministers and threatened more. He pointed out that the West and especially the USA are trying to block the path of Astana to prevent the settlement of the crisis in Syria, pointing out that the imposition of sanctions on the guarantor states (Russia, Iran, and Turkey) may aim to influence the results of the talks in Astana in particular. Read More »

Turkey's economy suffers amid USA sanctions and tariffs

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The dispute over Mr Brunson and other frictions between Washington and Ankara have been one reason the Turkish lira has plunged 40 percent this year. And the day earlier, two Greek soldiers held by Turkey since March for illegally crossing the border were also freed. Cavusoglu said ties with the bloc, long strained, were on a firmer basis and had started normalizing. Read More »

U.S. and China meet for trade talks

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China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods since the start of the year and have threatened further tariffs on exports worth hundreds of billions of dollars. The invitation for talks may have been meant to steady markets, they said. Providing Brent crude some support were looming US sanctions against Iran's oil exports, set to start from November, with Asian buyers including India, South Korea and Japan already scaling back orders. Read More »

Qatar promises $15 bn investment in Turkey: presidency

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Since tightening his grip on power in June elections, Erdogan's relations with the USA, a North Atlantic Treaty Organisation ally, have deteriorated. The investment package was announced after Qatar's Emir Tamim bin Hamad Al Thani met President Recep Tayyip Erdogan in Ankara on Wednesday. Read More »

Tencent stuns with first profit drop in at least a decade

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The Shenzhen-based company relies on new content to draw and keep users on WeChat, via which it sells in-game items and advertising to a billion-plus users. China may resume approvals around September, Wu said. "The deeper implication is that games will be slowing down and they need to find new areas of growth". Read More »

Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

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Tariffs were also doubled on goods such as cosmetics, rice and coal. The U.S. hit Turkey with sanctions and a doubling of tariffs on steel and aluminum. citizens and employees of diplomatic facilities have not been released". Most dramatically, a White House official told Reuters , "The president is 100 percent committed to bringing Pastor Brunson home, and if we do not see actions in the next few days or a week, there could be further actions taken". Read More »

Nigeria's inflation drops to 11.14% in July - NBS

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Determined by Consumer Price Index (CPI), consumer or retail inflation in June was revised to 4.92 per cent, from a provisional 5 per cent previously. Other price rises in July included transport (0.7%) and food (0.5%). Meanwhile the Retail Prices Index (RPI) measure of inflation fell to 3.2%. "These figures show that the cost of living squeeze is not yet a thing of the past", Tej Parikh, a senior economist at business lobbyist the Institute of Directors said in an email. Read More »

Turkish lira trades below 6.0 against dollar after USA comments

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The investment package was announced after Qatar's Emir Tamim bin Hamad Al Thani met President Recep Tayyip Erdogan in Ankara on Wednesday. "The import duties were increased on some products, under the principle of reciprocity, in response to the USA administration's deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter . Read More »