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United States and China seek deal to prevent trade-war escalation

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U.S. Trade Representative Robert Lighthizer and his Chinese counterpart, Vice-Premier Liu He, shook hands at the start of the meeting at a government guesthouse but said nothing to reporters. Mr. Trump has said he did not expect to meet with Mr. Xi prior to March 1, but White House Press Secretary Sarah Sanders has raised the possibility of a meeting between the leaders at the president's personal retreat at Mar-a-Lago in Florida. Read More »

JPMorgan Chase unveils cryptocurrency prototype

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The trial launch of the new bank-issued coin is about to take place in several months. While the pilot will be on a fairly small scale, it marks the first time a major U.S. This week, Maria Bartiromo recaps her interview with JP Morgan Chase Chairman and CEO Jamie Dimon, discussing market volatility, impact of tax cuts, U.S-China trade fight, and a possible slowdown in the US economy. Read More »

Amazon.com announces no-go on NY headquarters

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It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. Amazon announced in November that it had chosen the Long Island City neighbourhood in Queens for one of two new headquarters, with the other in northern Virginia. Read More »

Tesla pushes Sentry Mode, Dog Mode updates to its EVs

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Tesla updates are carried out remotely, as they are done via the cars' software. In this mode, it displays a message on the large internal touchscreen to let the person know that the external cameras are recording. When enabled, the "sentry mode" monitors the environment around an unattended auto and uses the vehicle's external cameras to detect potential threats, according to Tesla's blog. Read More »

Airbus confirms it will stop building the A380

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The A380 had troubles from the start, including tensions between Airbus' French and German management and protracted production delays and cost overruns. Around 3,000 to 3,500 jobs are now at risk. The airline wants to switch to smaller jets such as A330neo and A350, ordering 40 and 30 of each aircraft model, respectively. Read More »

USA and China open trade talks in Beijing

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Trump has threatened to more than double the rate of tariffs on US$200 billion in Chinese imports. Trump indicated this week he was open to extending a trade truce beyond March 1 depending on progress in Beijing . A United States official said the warships had approached the islands on Monday to counter Chinese claims of domination over the entire South China Sea . Read More »

Lufthansa sues passenger who missed his flight

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Lufthansa , the German national airline, announced it is suing a passenger for allegedly missing a leg of his journey on objective. Lufthansa is suing a man who intentionally failed to board a connecting flight from Frankfurt to Oslo, but the lawsuit has nothing to do with the passenger's tardiness. Read More »

Retail inflation eases to 2.05% in January

Mike Hardie, head of inflation at the ONS, said: 'The fall in inflation is due mainly to cheaper gas, electricity and petrol, partly offset by rising ferry ticket prices and air fares falling more slowly than this time a year ago. Inflation was dragged down by lower energy and fuel prices. It still maintained the line that interest rates will need to rise "at a gradual pace and to a limited extent" over the coming years in order to ward off mounting price pressures, but the lower GDP and ... Read More »

Oil remains bid in Asia on Venezuela sanctions and OPEC output cut

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Venezuela's production has nearly halved in two years to 1.17 million bpd, as an economic crisis decimated its energy industry and USA sanctions have now crippled its exports. In a sign of excess supply, OPEC's report said oil inventories in developed economies were above the five-year average in December. Distillate inventories decreased by 2.481 million barrels versus an expected draw of 1.090 million barrels. Read More »

Tesla’s delivery team gutted in recent job cuts

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The company said that they will focus on the demand for the cars this year. While Tesla Inc. had announced the second leg of job slash last month in order to safeguard a profit, one critical department linked to the delivery service had been badly hurt, as the electric vehicle maker nearly halved the division, which delivers its vehicles to the North American Customers, at least two workers familiar with the subject matter said on Saturday, the 9th of February. Read More »

Lottery Winner Accepts $1 Million Check Wearing 'Scream' Mask

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Known only as N. Gray, the woman wore the cheeky disguise as she collected the prize won in the Supreme Ventures Super Lotto draw. "I don't beg, I don't borrow", he added. I like to handle money. Now that the in has sunk in, Mr Campbell told the publication he has big plans for the cash. I have a little business, so I plan to make it bigger, buy an apartment. Read More »

China's President Xi to meet top U.S. trade negotiators on Friday - SCMP

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Investors will be looking to see if both sides can hammer out a deal before a March 1st deadline to avert higher US tariffs on Chinese goods. Trump to lay out an AI plan / Axios "The American AI Initiative, as the new strategy is named, is unlikely to call out China directly..." "I think they're making progress and my hope is that by March 1 there will be enough progress to be made that at a minimum, there could be a delay in the imposition of additional tariffs", Portman told ... Read More »

McDonald’s Debuts Donut Sticks to Have You Lovin’ Breakfast

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At the time, McDonald's would neither confirm nor deny the reports, but told Fox News to expect "more delicious and craveable news" in the near future. The item was tested in 2018 in some IL restaurants before its national launch at participating restaurants. McDonald's has led the breakfast market since 1971 but in recent years has lost ground to Taco Bell and Dunkin' Donuts, CNN Business reported. Read More »

Activision Blizzard expected to lay off hundreds of staff next week

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Following these latest developments, around 40.70% of Coty Inc. stocks are owned by institutional investors and hedge funds. Cleararc holds 19,697 shs or 0.21% of its capital. Several research firms have recently issued reports on ATVI . (NASDAQ: ATVI ) has "Overweight" rating given by KeyBanc Capital Markets. On Friday, August 31 Bank of America downgraded Activision Blizzard, Inc . Read More »

Jody Wilson-Raybould resigns from federal cabinet

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Jody Wilson-Raybould, Canada's Minister of Veterans Affairs and Associate Minister of National Defence, has announced she is resigning from her position in Prime Minister Justin Trudeau's cabinet. Trudeau moved Wilson-Raybould to the veterans affairs portfolio in January. SNC-Lavalin was charged with paying out $48 million in bribes to Libyan officials in the decade leading up to the NATO-led overthrow of Muammar Gaddafi's government in 2011, payments meant to influence government ... Read More »

Amazon is pumping money into self-driving startup Aurora

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The round reportedly gives Aurora a valuation north of $2.5 billion, making it one of the most valuable independent players in the autonomous driving market. "This funding and partnership will accelerate our mission of delivering the benefits of self-driving technology safely, quickly, and broadly", Aurora said. Read More »

National Pizza Day 2019: Where to find free and cheap pizza today

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We can't show you them all, purely because we would be here all day listing every single offer available. There's still plenty of time to find deals and freebies near you. Little Caesar's has chose to do things a little bit different this year. The company is offering their pretzel crust pizza at $6 on Saturday before 4 p.m. Read More »

Facebook To Appeal German Privacy Ruling

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It said many users were not aware that Facebook is now able to "collect an nearly unlimited amount of any type of user data from third-party sources", which allows it to better target specific advertisements to specific user's interests. Read More »

Jaguar Land Rover owner records $4 billion loss, driving share price down

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The company, which employs 18,500 manufacturing staff in the Midlands and Merseyside, last month said it will cut 4,500 jobs in response to the challenges . "For Jaguar Land Rover , it will be catastrophic if Britain goes for a no-deal Brexit". "Despite the muted growth, Tata Motors has delivered strong results, registered an impressive profitable growth this year on the back of exciting products, renewed brand positioning and aggressive cost reduction". Read More »

Italy denies it will ban Huawei, ZTE from its 5G plans

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The UK government's report in July 2018 concluded that it has "only limited assurance" that Huawei's broadband and mobile infrastructure equipment poses no threat to national security, adding that "significant work" was needed to tackle the concerns. Read More »

Amazon exploring potential alternatives to New York HQ

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The company said it will receive performance-based incentives of $1.525 billion from the state of NY, including an average $48,000 for each job it creates. "Whether it's building a pipeline of local jobs through workforce training or funding computer science classes for thousands of New York City students, we are working hard to demonstrate what kind of neighbor we will be". Read More »

Home and auto loans to be cheaper as RBI cuts rates

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Das didn't disappoint and has announced an eventful policy. The RBI raised rates twice past year over concerns about rising prices but with inflation now at an 18-month low the bank said it was time to opt for a reduction. One, there will likely be a series of rate cuts from this point and the cumulative impact will considerably put pressure on banks to pass on the benefit to the end-consumer. Read More »

Worldwide oil prices dip as United States crude inventories rise

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Meanwhile, the national price for regular gas on Wednesday averaged about 2.28 US dollars per gallon (about 3.8 liters), compared with 2.26 dollars per gallon a week ago, 2.24 dollars per gallon a month ago and 2.60 dollars per gallon a year ago, according to data of the American Automobile Association (AAA), which is a privately held non-profit national member association and service organization in the United States and Canada. Read More »

Kuwait sees risk of oil supply shortage in 2019 due to Venezuela

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But weighing on markets, United States government data showed new orders for US-made goods unexpectedly fell in November, with sharp declines in demand for machinery and electrical equipment. "Fresh U.S. sanctions on the country could see 0.5-1 percent of global supply curtailed", said Vivek Dhar, mining and energy analyst, Commonwealth Bank of Australia. Read More »

European Union to grab biggest share from US-China trade war

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The 10 percent tariffs are set to climb to 25 percent unless there is significant headway on a trade deal by March 1. U.S. government levied additional duties of between 10% and 25% on Chinese goods previous year as "punishment" for what it considered unfair trade practices. Read More »

Abrams calls for voting rights in response to Trump's speech

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Once the shutdown ended, without the funding Trump had wanted for his wall, the two rescheduled his speech. Turning to foreign policy, another area where Republicans have increasingly been willing to distance themselves from the president, Trump defended his decisions to withdraw USA troops from Syria and Afghanistan. Read More »

Maduro: US corporations want Venezuela's resources

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The United States is sending food and medical supplies to Colombia's border with Venezuela where it will be stockpiled until it can be delivered to the economically shattered nation, US officials with knowledge of the plan said today. Because the National Assembly does not recognize the legitimacy of Maduro's reelection , the body asserts that, according to the Venezuelan constitution, it is empowered to appoint the Assembly president as the country's interim acting president. Read More »

Google paid $7.4 billion to acquire traffic during the fourth quarter

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And yet the company's stock still slid in after-hours trading. For the same quarter in 2017, Alphabet had booked a net loss of $3 billion due to changes in taxation following Trump's tax cuts. Despite Google's operating losses in the category for its side businesses such as Waymo and Verily, the company did manage to make gains in terms of total revenue flow - moving up to $154 million from $131 million the previous year. Read More »

HMV bought by Canadian music store mogul Doug Putman

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The stores will continue to trade as HMV , with four stores continuing to trade as Fopp. Under the deal, 27 of HMV's will close with the loss of 455 jobs. We know the physical media business is here to stay'. Hilco blamed a "tsunami" of retail challenges for the latest collapse, highlighting business rate levels and the increasing use of streaming services for music and films. Read More »

Trump guests include freed drug offender, bullied student

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Joshua's family might change his last name from Trump, which he got from his mother Megan Trump, to Berto, his father's last name. It was the third-longest such speech in history, according to the Presidency Project at the University of California Santa Barbara, and the only Republican address to last more than an hour since the university's record-keeping began in 1966. Read More »

Crypto CEO dies with password to unlock $200 million customers’ Bitcoin

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In an affidavit , the widow of Gerald Cotten, Quadriga's founder, CEO and sole director, said he died suddenly on December 9 due to complications from Crohn's disease. The mysterious circumstances surrounding Cotten's death have spawned many conspiracy theories, especially on Reddit, where several users have suggested that Cotten is faking his death as part of an exit scam. Read More »

GM moving ahead with salaried job cuts, says modest number in Canada

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GM hasn't said exactly when the other 2,000 salaried and contract jobs will be cut, although it will happen sometime this month. Originally reported by The Detroit News , the report comes nine weeks after GM chose to halt production at five North American plants and began negotiations with the United Automobile Workers union. Read More »