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Oil prices rise 1.5% after Saudi Arabia announces supply cut in December

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But the producer nations eased the output cuts in June after signs of a tight market and higher prices, allowing hundreds of thousands of extra barrels into the market. US gasoline inventories increased by 1.9 million barrels, while distillate fuel inventories decreased by 3.5 million barrels, EIA said. Friday marked the 10th consecutive day crude oil prices fell. Read More »

Brexit deal: Will Brexit withdrawal agreement be signed TOMORROW?

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Downing Street said ministers would decide on the "next steps" in the crunch meeting scheduled for 2pm. Opposition from both sides of the Brexit divide means May could struggle to get a deal approved by Parliament. The Prime Minister is acutely vulnerable to resignations from her top team which could massively destabilise her position. The Northern Irish DUP, which supports the minority Conservative government, is reported to be "absolutely furious" about the deal, considering it a ... Read More »

Fears of peak iPhone sales rattle Asian Apple suppliers

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Apple shares fell 5 percent on Monday, but Lumentum slumped more than 30 percent and rival II-VI Inc. dropped 13 percent. And on Monday, Apple shares dropped after Lumentum - a supplier of "laser diodes for 3D sensing", such as those used by Apple's Face ID - cut its revenue forecast after " one of our largest Industrial and Consumer customers " significantly reduced orders. Read More »

Facebook is now down for many desktop users

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This error message popped up when we tried to get on Facebook. According to downdetector.com, there was a spike in reports of Facebook being down just before 11 a.m. The cause of the outage was not immediately clear. Based on comments there, local outages lasted from a few seconds to around half an hour. "We're sorry for the inconvenience", the spokesperson said. Read More »

Probe Launched After Pilots Report Light Speed UFO Sightings in Irish Sky

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The Irish Aviation Authority said they had filed a report of the " unusual air activity " following reports from a " small number of aircraft on Friday ". We were just wondering . We didn't think it was a likely collision course. A pilot for a Virgin Airlines flight from Orlando to Manchester suggested that it might be a meteor or another object re-entering the earth's atmosphere. Read More »

Amazon picks NY, suburban Washington for new, split headquarters

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According to the business-focused newspaper, Amazon is expected to make the announcement on its so-called " HQ2 " cities as soon as Tuesday. The competition that saw 238 cities across North America vie to become the site of the 50,000-person office kicked off on September 7, 2017. Read More »

Oil prices rise as Saudi Arabia signals production cut

However, the US has granted waivers to certain major importers of Iranian crude, diminishing the expected cuts. Saudi Arabia will cut production as well as exports, he said. Mr Al Falih expressed concern, however, over the recent downward turn of the oil markets, which had through the summer held about $80 per barrel, only to fall to $69 on Friday, after the US Energy Information Administration reported higher US production figures and the White House granted waivers to eight of Iran's top ... Read More »

Fed Reserve to hold press conference after every policy meet

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There were a few tweaks to the way policymakers are viewing economic conditions. Fed chairman Jerome Powell and his colleagues are expected to hike rates for the fourth time this year to a range of 2.5% to 2.75%. At the same time, the nervousness among stock investors reflects the reality that the Fed's steady march toward higher rates is removing a key factor that has underpinned the bull market in stocks: The richer returns that investors could achieve in stocks than in bonds or savings ... Read More »

Fortnite headlines Xbox One mouse and keyboard launch lineup

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Microsoft team up with Razer for Xbox One compatible wireless keyboard and mouse. PlayerUnknown's Battlegrounds ( PUBG ) has been exclusive to the Xbox One for the better part of the year and now Microsoft is bringing the battle royale sensation to its Xbox Game Pass subscription service in addition to it being sold separately. Read More »

$2b in sales in 2 minutes: China's Singles Day shatters records again

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Within half an hour of Singles' Day, 30 brands, including Nike, Uniqlo, Adidas, Procter & Gamble, Xiaomi and Apple had crossed 100 million yuan in sales. Analysts say that despite continued strong growth, sales are likely to be hit by economic headwinds and new competition from competing sales events. Read More »

Best Buy releases its Black Friday deals on high-tech gadgets

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Walmart has taken the wraps off its plans for Black Friday deals, publishing its ad in hopes that shoppers will add those items to their shopping lists. The Black Friday deals will begin on Walmart .com earlier than ever this year-at 10 p.m. ET on November 21. Of course, RCA isn't exactly a top-tier PC brand, but that price is $30-$40 lower than we've seen so far for any laptop running Windows that we've previewed as a Black Friday deal. Read More »

Bombardier is selling off two businesses and cutting 5,000 jobs

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Bombardier said that 3,000 of the job cuts will happen in Canada over the next 18 months and will save the company $250 million USA a year in salary and benefit expenses. De Havilland is one of the oldest brands in commercial aviation. Michael Mulholland, GMB regional organiser, said: "Bombardier jobs are crucial to Belfast's economy and GMB will fight tooth and nail to save them". Read More »

The midterms show Trump might not get re-elected in 2020

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Given the really bad night the GOP had in the northern part of the United States, that no longer appears to be true, which is a highly problematic development for him and his party. In the Miami area, former Clinton administration Cabinet member Donna Shalala won an open seat, while GOP Rep. Carlos Curbelo lost his bid for a third term in a nearby district. Read More »

Smelly fruit removed from plane after passengers complain

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Passengers refused to fly with the shipment of fruit, leading the airline to delay the flight for an hour so the durian could be unloaded. As they protested for the removal of what is considered by some a delicacy, and by others a cheese-smelling fruit, passengers reportedly referred to a 2005 crash of a Mandala Airlines plane in Medan, which killed 149 people. Read More »

Boeing issues safety bulletin after Lion Air crash

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Erroneous readings can in some circumstances cause the 737 MAX to point the nose down sharply to keep air under the wings and avoid a stall, according to a person briefed on the matter. Boeing said the action was taken after the Indonesia's National Transportation Safety Committee indicated that the Lion Air jet experienced erroneous input from one of those sensors. Read More »

Tesla says Robyn Denholm of Telstra to be new board chair

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The announcement comes ahead of a November 13 deadline that was part of Musk's settlement with the U.S. Securities and Exchange Commission to end claims he misled investors. Tesla is searching for two more independent directors. Musk's brother, Kimbal, is one of the members. Aside from her work at Telstra, she has also spent time at technology majors including Juniper Networks and Sun Microsystems. Read More »

New Gallup Poll Finds High Anxiety Among Democrats on Election Day

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Republicans enjoy a slim 51-49 edge in the Senate and are favored to hang on to their majority since Democrats are defending 26 seats, and Republicans only nine. Trump prevailed in IN by 19 points. As has been the case for the entire election cycle, Republicans have more seats at risk. Several television networks, including the president's favorite Fox News Channel, yanked a Trump campaign advertisement off the air on the eve of the election, determining its portrayal of a murderous ... Read More »

Wisconsin 2018 midterm election exit polls | Journal Sentinel

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The midterm elections to be held on Tuesday are the first major electoral battle since U.S. President Donald Trump clinched the White House. While they are independent, Sanders and King both caucus with the Democrats, so if they retain their seats and the Democrats have 49 seats, the Democrats will be considered to have control of the Senate. Read More »

How Trump plans to spend Election Day

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Following the outbreak of the #MeToo movement denouncing sexual assault, and the massive women's protests against Trump, women voters and candidates will play critical roles in the first major election since Trump took power. "It's an awakening of the Democratic Party". "I wouldn't say it's as important as '16, but it's right up there". Others have pledged to pursue impeachment, although removal from office is unlikely so long as the GOP controls the Senate or maintains even a healthy minority. Read More »

Amazon may split new headquarters between two cities

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Amazon.com Inc is planning to split its second headquarters evenly between two locations rather than picking one city, the Wall Street Journal reported on Monday, citing a person familiar with the matter. Dallas and Austin are among the 20 finalists that Amazon identified in January for its $5 billion investment to house as many as 50,000 employees over the next decade. Read More »

Amazon is giving everyone free shipping on everything for the holidays

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Consumers have long heralded Amazon for its free two-day shipping for Prime accounts on eligible items, prompting other big-box retailers such as Target and Walmart to offer free expedited shipping during the holiday season as well. That means you'll start to see Black Friday deals on Amazon a whole week before the big day itself, which falls on November 23 this year. Amazon isn't the only merchant slashing shipping fees. Read More »

Lowe's is closing 51 stores in the US and Canada

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Lowe's opened its Northern Avenue location in 2015 after renovations were completed on the former Zellers spot. The list of other US stores closing include locations in Alabama , California , Connecticut , Indiana , Louisiana , Massachusetts , Michigan , Minnesota , New York , Pennsylvania and Texas . Read More »

Japan Airlines pilot held for being drunk

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Despite passing a breath test at the company's office in Heathrow, the crew bus driver smelt alcohol on Jitsukawa and reported it to the airport's security personnel who contacted local police. He has since appeared in court in the United Kingdom, where he is reported to have pleaded guilty to exceeding the alcohol limit. He was remanded in custody and is due to be sentenced November 29 at Isleworth Crown Court. Read More »

New U.S. Sanctions Against Iran Go Into Effect

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They are reported to include USA allies India, Italy, Japan and South Korea . At the same time, the U.S. government has chose to grant waivers to eight countries that will allow them to keep importing Iranian oil if they significantly cut their purchases. Read More »

May's 'secret' Brexit deal avoids Irish backstop

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The Conservative MP said that Tony Blair's failure to publish his own government's legal advice from its then attorney-general on the Iraq war meant that the Labour prime minister's reputation "never recovered". British Prime Minister Theresa May has secured concessions from Brussels that will allow her to keep all of the U.K.in a customs union with the European Union and avoid a hard border in Northern Ireland, the Sunday Times reported, without naming sources. Read More »

United States records strong jobs gains in October

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The Dow Jones Industrial Average was off about 200 points, or 0.8%, at 25,193 in early afternoon after rising initially following the strong jobs news , which featured a 250,000 rise in nonfarm payrolls last month, better than 50,000 above economists' consensus guesses. Read More »

Dead After Wall Collapses at Amazon Distribution Center

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Amazon spokeswoman Rachael Lighty attributed the collapse to "severe weather" in a statement sent to multiple media outlets . News reports cited city fire officials as saying one man was found under debris on Friday night and later pronounced dead, while a second man's body was recovered early on Saturday. Read More »

IPhones Still Selling Like Hot Cakes, But India an Issue for Apple

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Apple Chief Financial Officer Luca Maestri made the announcement in an investor conference call by saying sales data did not necessarily demonstrate the strength of Apple's lineup but would continue to disclose product revenues. However, revenue from the handsets was up 29 percent to $37.2 billion, thanks to the iPhone's average selling price jumping from $618 to $793. The company is working on digital newspaper subscriptions and original video content for next year. Read More »

Trump expects 'very good' trade deal with China

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In an interview on Fox News Channel's "The Ingraham Angle" show on Monday, Trump did not specifically mention the potential withdrawal of tariffs , but said he expects "a great deal" with China . Lu Xiang, a specialist on United States affairs at the Chinese Academy of Social Sciences, said that Beijing had been preparing for a "worse than the worst" confrontation with the USA, and added that any further escalation would be fatal to an already highly volatile U.S. Read More »

Turkey’s manufacturing index slightly rises in October

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Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, said of the October PMI data. "Companies have been getting on with business and planning ahead as much as they can, but there is only so much that can be done with so much global uncertainty about the future of our trading relationships". Read More »