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BMW X7 Pick-up truck showcased as a one-off model

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Just like Skoda's concept , this too is a one-off project, meaning BMW has no plans to actually turn it into a production version. The load bay itself gets handcrafted teakwood cladding and handgrips. Even though the design did not look that much promising, BMW has now come up with the X7 pickup. With a combination of touring and long-distance capability, sporty dynamics and supreme off-road qualities, the BMW F 850 GS perfectly complements the qualities of the BMW X7 Pick-up. Read More »

Budget 2019: Rs 70,000 Crore Earmarked For Public Sector Banks

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They will be given ₹70,000 crore capital to boost credit growth in the country, which has been slow for the last few years. The cash crunch at such firms could weaken the financial system and economy given their large lending role and ties with banks, mutual funds and insurers. Read More »

EVs get fillip; cess on oil to hit auto sector

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As for traditional automakers, the budget had no direct reliefs even as sales have been on a declining spree since a year ago. However, increased cost of diesel and petrol, as wells as marginal relief announced to revive the slowdown in auto sector has demotivated traditional auto players. Read More »

Arizona police asked to leave Starbucks, prompting an apology

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The incident has sparked heated debate on social media. The alleged incident happened on July 4. The police union also addressed the incident in a chain of tweets on Friday, calling the treatment "disheartening". The Police Department said it hoped the incident was an isolated incident. Reggie Borges , a Starbucks spokesman, told ABC News that the store and the officers have "a really good relationship with the Tempe police department ", and that the cafe often hosts 'Coffee with ... Read More »

Amazon’s Bezos finalises divorce with $38bn settlement

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A judge in Washington state's King County finalised the divorce. The Bezoses announced in April what their divorce agreement entailed: MacKenzie Bezos would grant the Amazon CEO all of her interests in the Washington Post and Blue Origin, and voting control over her stake in the company . Read More »

June Jobs Report: US Added 224,000 Jobs

A report this week from ADP and Moody's Analytics dampened expectations, citing just 102,000 new jobs for June. "Today's jobs report shows the USA economy continues to create jobs at a strong pace even as we enter the longest period of economic expansion on record", Citizens Bank analyst Tony Bedikian said of the report, and the record. Read More »

Lotus confirms its upcoming Type 130 hypercar as EVIJA

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Lotus Cars CEO Phil Popham noted that the Evija "will re-establish our brand on the global automotive stage". Lotus has revealed the name of its eagerly-anticipated all-electric hypercar - Evija . As soon as we get some more information about this new Lotus hypercar including some photos of the vehicle, we will let you guys know. In May Lotus confirmed a maximum of 130 examples will be built at its factory in Hethel, Norfolk, in tribute to its Type number. Read More »

Stranger Things 3 lands on Netflix

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In particular, Stranger Things season 2 featured tobacco use in every one of its nine episodes - most of those courtesy of the converted skeptic and delightfully gruff Chief Jim Hopper. The crossover had been teased for a little while before yesterday's big launch with some very unusual things appearing in the game's ever-changing world, but we now know exactly what the collaboration provides. Read More »

Gold slides 2% as solid U.S

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Lower rates tend to benefit bullion. "US stock markets are probably part of the reason why gold is not picking up pace again immediately", Commerzbank analysts said in a note. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are expected to engage in talks with China's Vice Premier Liu He. Read More »

Fed faces tougher task in deciding whether to cut United States rates

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Health care increased by 35,000 over the month and by 403,000 over the past 12 months. There were increases in healthcare and transportation and warehousing employment. Fed Chairman Jerome Powell's semi-annual testimony to the U.S. Congress on the economy next week could shed light on the near-term outlook for monetary policy . Read More »

Seoul dissolves Japan fund for WWII sex slaves

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We have said this repeatedly", said Tokyo's deputy chief cabinet secretary Yasutoshi Nishimura. The governments of Japan and South Korea are expected to settle related disputes as soon as possible under increasing pressure from their respective semiconductor firms, so that their semiconductor development, economic performances and even global semiconductor supply chain will not be seriously impacted, the sources indicated. Read More »

Big job gains recorded for Calgary region in June

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Among those between 17 and 19, the jobless rate was 14.1 per cent in June, or almost two percentage points higher than a year ago. Senior Economist Royce Mendes with CIBC wrote in a note to clients Friday he does not expect the market will pay too much attention to the pause in hiring, as job growth has looked blazing hot over the past year and in the second quarter. Read More »

Jobs spike makes it tough to cut interest rates

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The number of long-term unemployed - those jobless for 27 weeks or more - was little changed at 1.4 million in June and accounted for 23.7% of the unemployed, the Bureau of Labor Statistics reported. "If we had a Fed that would lower rates, you would have a rocket ship", he said of the economy. The report may offer President Donald Trump another chance to boast that the world's largest economy is in the best shape ever. Read More »

Jaguar Land Rover to build electric cars in Midlands

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The Government and union leaders welcomed the news as a "fantastic boost" to the auto industry. Jaguar Land Rover said that while the expansion of its electrified line-up will see customers offered a greater choice, "increased consumer take-up remains a challenge". Read More »

Samsung water resistant phone ads are inaccurate, ACCC

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Aside from that, the lawsuit had also been underscoring more than 300 other advertisements where Samsung showed that its Galaxy phones were being used at the bottom of a swimming pool and ocean. The country's consumer watchdog claims its ads for water resistance are "false, misleading and deceptive". The watchdog says Samsung marketing made misleading representations about smartphone water-resistance. Read More »

Plane fire: Virgin Atlantic flight makes emergency landing

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A Virgin Atlantic flight from NY to London made an emergency landing in Boston on Thursday after a power bank phone charger caught fire in mid-air. The cause of the fire is believed to be a faulty phone charger. Virgin Atlantic released a statement: "The VS138 from JFK to London Heathrow (4 July 2019) diverted to Boston due to reports of smoke in the cabin". Read More »

USA employers added a robust 224,000 jobs in June

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Employers in some sectors of the economy are signaling less eagerness to hire. Consumer spending has solidified. "The data are unlikely to stop the Fed from easing at this month's meeting", said Jim O'Sullivan, chief US economist at High Frequency Economics in White Plains, New York. Read More »

IBM, Top Australian Banks to Pilot Blockchain for Retail Lease Bank Guarantees

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The blockchain , to be known as " Lygon ", will be used to manage a bank guarantee system which gives landlords an assurance that retail tenants can pay their rent, regardless of sales. Bank guarantee processes are a hindrance to Scentre Group and its retail partners, stated John Papagiannis, Director Leasing and Retail Solutions at Scentre Group. Read More »

Court says Amazon could be liable for third-party vendors' products

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The ruling from the US Court of Appeals for the Third Circuit is far different from one we reported on in May involving a house fire in Maryland started by an allegedly defective product sold by an Amazon merchant. According to TechCrunch , Amazon has yet to comment on dog leash case and wrote, "it seems likely the company will ultimately appeal the ruling". Furthermore, the court said, "Amazon is uniquely positioned to receive reports of defective products, which in turn can lead to such ... Read More »

Government reduces GST on electric vehicles

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In March 2019, the government had also announced incentives for EV manufacturers and consumers under the FAME-I scheme. India's finance minister Nirmala Sitharaman breaking from tradition carried the Budget documents in a four-fold red cloth instead of a briefcase as the nation awaited the presentation of the Union Budget in Parliament today. Read More »

Calculate how much cash you'll get from tax cuts

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Tax cuts for millions of Australians, but how much will you get and when? The tax package has been routined panned by experts, especially the third stage, which would purportedly whirl us " back to the 1950s ", which certainly seems plausible on a social, as well as economic level. Read More »

Oil rebounds as U.S. gasoline drop helps to ease post-Opec gloom

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Futures gained 1.9% in NY after the Energy Information Administration said gasoline inventories shrank by 1.58 million barrels last week, about twice the drop suggested by an industry report a day earlier. Last week, the EIA stated USA crude oil manufacturing had surged to 12.16 million bpd during Could, a record-high cementing the nation's place because of the world's top crude oil producers. Read More »

US, China Could Resume Formal Trade Talks in Days

Taiwan joins South Korea, Vietnam, and Bangladesh as a victor in the protracted trade battle between China and the United States, according to reports . As a result, US President Donald Trump had agreed not to put tariffs on about $300 billion in additional Chinese imports and ease pressure on Chinese tech giant Huawei . Read More »

Donald Trump delivers July 4th speech

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A small crowd gathered to take pictures with the big balloon, which drew Trump supporters and detractors. All I can say is: "You ain't seen nothing yet". President Donald Trump speaks during an Independence Day celebration in front of the Lincoln Memorial, Thursday, July 4, 2019, in Washington . Read More »

Man detained for pouring water over Baidu chief's head

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Li was speaking of applications for artificial intelligence (AI) in a speech when the young man approached him, spilled the liquid over Li's head, and walked away. Chaoyang district police announced the five-day detention on their Weibo account on Thursday after concluding an investigation into the stunt, which shocked attendees, stole the limelight from the company's latest AI announcements and sparked a social media frenzy in China, the South China Morning Post reported. Read More »

HP & Dell Exit China, Lenovo Refuse To Comment

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HP Inc. and Dell Technologies Inc. plan to move as much as 30% of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants try to avoid escalating tariffs on USA -bound goods. Dell is also planning to shift its production houses out of China and they are planning to move to Taiwan, Vietnam, and Phillippines. Amazon, Google, Microsoft, Nintendo, and Sony are also drawing up contingency plans, as are other laptop makers such as Acer ... Read More »

Woman returns ice cream tub to freezer after licking

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Look, I get it, it's hot outside, we're in Texas- your back gets all sweaty, trousers are terrible in this heat, you need to cool down, but I can assure you that THIS IS NOT the way to do so! A video posted to Twitter on Monday purportedly shows a woman opening a container of Blue Bell ice cream and then taking a big lick off the top. Read More »

India expects economic growth rate to accelerate in 2019

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The survey projects GDP to grow at 7 per cent in 2019-20. The survey has provisionally estimated 2.9 per cent growth rate for the agriculture, forestry and fishing sector. In a statement, the senior Congress leader said the findings of the economic survey 2018-19 were neither positive nor encouraging. The expenditure on Social Services by the Centre and States increased from 7.68 lakh crores in 2014-15 to 13.94 lakh crore in 2018-19. Read More »