• My Brexit plan or crash out of European Union, says Theresa May
My Brexit plan or crash out of European Union, says Theresa May

Labour's Shadow Foreign Secretary Emily Thornberry last week claimed her party could force Mrs May out of government before Christmas. The India-born scientist, who as president of the UK's Royal Society is the country's key advocate for science, warned that Britain is in danger of losing its position as a leading scientific hub in the event of...

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  • Freeland to head back to Washington for more NAFTA negotiations
Freeland to head back to Washington for more NAFTA negotiations

Trump has notified Congress he intends to sign the trade deal reached last week with Mexico by the end of November, and officials said the text would be published by around October 1. "It can't be renamed something or called something else", Perdue said when asked about dairy concessions needed to reach a NAFTA deal, referring to a new milk class c...

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  • British Airways' latest tech problem is a major credit card hack
British Airways' latest tech problem is a major credit card hack

Travel and passport details remain secure, British Airways says. Anxious customers rushed to social media and helplines after the airline urged anyone who suspected they may have been affected to contact their bank or credit card provider.

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  • Bitcoin and other cryptocurrencies suffer a sudden crash
Bitcoin and other cryptocurrencies suffer a sudden crash

A fund holding the currency could attract more investors and push its price higher. Edward Morra, a Crypto trader and technical analyst, noted that the correction is arriving for Bitcoin unless it indicates a movement reversal supported by a cluster in volume.

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  • Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving vehicle
Mercedes-Benz EQC, 2020 Genesis G80, Volvo self-driving vehicle

To reduce power consumption, the front electric motor is optimized for efficiency in the low to medium load range, while the rear e-motor adds sportiness. The Mercedez EQC consumes 22.2 kWh for a 100 km ride with 0 combined Carbon dioxide emissions as per provisional figures figures released by the German Technical Service Corporation.

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  • Two Pearland friends going viral after pranking McDonald’s with diversity poster
Two Pearland friends going viral after pranking McDonald’s with diversity poster

Taking stock of the posters showing people enjoying their own McDonald's meals, Maravilla said he noticed none in the restaurant they frequented featured Asian people. Once they were sure nobody was watching, Maravilla took off his jacket to reveal his uniform and badge, complete with a tie and walkie-talkie. Watch the full breakdown of how he pu...

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  • Boston's Ayanna Pressley follows trail blazed by Alexandria Ocasio-Cortez
Boston's Ayanna Pressley follows trail blazed by Alexandria Ocasio-Cortez

Ayanna Pressley , touted as the next Alexandria Ocasio-Cortez, just won a MA primary. Ayanna Pressley , a Boston city councilor who ran as a progressive activist, ousted 10-term Democratic Rep. Quentin Palfrey has won the Democratic primary for lieutenant governor in MA, ending comic Jimmy Tingle's bid to shift from political humor to politic...

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  • Amazon's market value tops $1 trillion
Amazon's market value tops $1 trillion

Now, Amazon has followed in Apple's footsteps - the online retail giant successfully snagged the trillion-dollar company title for itself today, albeit temporarily. "The Amazon Washington Post has gone insane against me ever since they lost the Internet Tax Case in the U.S. Supreme Court two months ago", Trump tweeted in July.

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  • Petrol, diesel prices rise for the 10th day. Check today’s rates here
Petrol, diesel prices rise for the 10th day. Check today’s rates here

In Mumbai, the price petrol touched Rs 86.56 a litre - an increase by Rs 0.58/litre - and diesel to Rs 75.54/litre - an increase by Rs 0.44/litre, respectively. Globally, oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply f...

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  • Elon Musk sparks controversy again by reviving 'pedo' issue
Elon Musk sparks controversy again by reviving 'pedo' issue

Mr Musk added: "He was offered free legal services". In another extraordinary tweet , replying to another Twitter user, he said: "You don't think it's unusual Unsworth hasn't sued me?" "I am in the process of preparing a civil complaint for libel against you", the note reads.

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  • Iran to Open Lawsuit Against Washington’s Sanctions at UN’s Top Court
Iran to Open Lawsuit Against Washington’s Sanctions at UN’s Top Court

Members of the International Court of Justice attend a hearing for alleged violations of the 1955 Treaty of Amity between Iran and the USA, at the International Court in The Hague, Netherlands August 27, 2018. London-based lawyer Samuel Wordsworth, for Iran, told the court the measures were threatening Iranians' access to medicines as well as d...

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  • United States sanctions Russian firms, vessels over NK activity
United States sanctions Russian firms, vessels over NK activity

Tuesday's announcement came just days after Washington imposed sanctions on a Russian port service agency as well as Chinese companies for aiding North Korean ships and selling alcohol and tobacco to Pyongyang in breach of US sanctions.

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  • PepsiCo Bets on Healthy, Eco-friendly With SodaStream Buy
PepsiCo Bets on Healthy, Eco-friendly With SodaStream Buy

PepsiCo is in the process of expanding its water offerings . The purchase will probably be the last big move by Nooyi, who said this month she's stepping down as head of the beverage company after 12 years in the job. SodaStream's revenues were $543.4 million, while PepsiCo had revenues of $63.5 billion. Matthew Barry, senior analyst of beve...

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  • China unperturbed by trade war at the street level - Reuters Poll
China unperturbed by trade war at the street level - Reuters Poll

In the latest development, Turkey announced Wednesday that it will increase tariffs on USA imports including rice, vehicles, alcohol, coal and cosmetics, in response to Trump's decision last Friday to double the tariffs on Turkish steel and aluminum.

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  • Turkey's Erdogan hits back with retaliatory Sanctions
Turkey's Erdogan hits back with retaliatory Sanctions

Last week, Washington doubled steel and aluminium tariffs on Turkey over its continued detention of USA pastor Andrew Brunson . President Donald Trump tweeted on Thursday that the USA will "pay nothing" for the release of a jailed American Pastor in Turkey, but would punish Ankara if he is not released.

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  • Turkish lira rallies ahead of Albayrak presentation
Turkish lira rallies ahead of Albayrak presentation

Robust U.S. economic data this year, even as Europe and other major economies have lost some steam, has helped keep the U.S. Federal Reserve on track to raise interest rates twice more this year, which should boost the appeal of the dollar further.

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  • Chinese official to visit U.S. to resume talks to end trade war
Chinese official to visit U.S. to resume talks to end trade war

A senior USA government official confirmed the talks and said: "We expect to discuss steps to achieve a more balanced trading relationship". The Chinese delegation will be led by Vice Minister of Commerce Wang Shouwen, while the United States team is led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Com...

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  • Turkey slaps 140% tariff on American alcohol
Turkey slaps 140% tariff on American alcohol

It was up about 5 percent on Tuesday, at about 6.52 per dollar, having fallen 42 percent so far this year, with most of those losses coming in recent weeks. On Friday, Turkey's Foreign Ministry (MFA) said Turkey would retaliate against the raising of steel and aluminium tariffs by the United States administration.

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  • Tackling US sanctions: Iran offers discounted oil to Asia
Tackling US sanctions: Iran offers discounted oil to Asia

Analysts polled by S&P Global Platts Monday were looking for U.S. crude inventories to have declined by 1.7 million barrels for the week ending August 10, with refinery runs remaining high on healthy margins and strong export demand. Hedge funds and other money managers cut their bullish positions on U.S. crude to the lowest level since June, data ...

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  • 22 dead in Italy after motorway bridge collapses
22 dead in Italy after motorway bridge collapses

Angelo Borrelli, head of the Civil Protection service which manages disaster areas, told reporters in Rome that an additional 13 people had been injured. "I have given mandate to my ministry to start all proceedings to apply the agreement, that is to revoke the concession from these companies and seek significant sanctions which can reach up to $...

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  • Turkey: Misunderstanding between Trump and Erdogan tanked economy
Turkey: Misunderstanding between Trump and Erdogan tanked economy

The top US diplomat in Turkey , Charge d'Affaires Jeffrey Hovenier, visited Brunson and his wife, Norine, Tuesday, calling on Turkey to resolve his case "without delay and in a fair and transparent manner". Turkish President Recep Tayyip Erdogan has accused the United States of stabbing Turkey in the back and on Tuesday called for a boycott of U...

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  • A sixth firefighter killed battling California wildfires
A sixth firefighter killed battling California wildfires

But most of that has been driven by the Ranch Fire , which has burned much more vigorously. The fire moved north towards that area overnight, burning near homes and the dam, and crews are now on the ground working on structure defense. The Carr Fire has been the deadliest of the wildfires to hit the West this season. "They're not fighting any fir...

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  • Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal
Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Am considering taking Tesla private at $420. Some analysts have suggested that Musk could convince Tesla's top shareholders, such as Fidelity Investments and China's Tencent, to roll their equity stakes into the deal, thereby significantly reducing the amount of money needed to be raised.

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  • Erdogan: The collapse of the lira is a conspiracy against Turkey
Erdogan: The collapse of the lira is a conspiracy against Turkey

That draws capital away from Turkey, weakening the currency . But a rapidly falling currency like the Turkish lira undermines that confidence as much more local money is needed to service foreign debt - making default that much more likely.

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  • Turkish president: U.S. set deadline to release detained pastor
Turkish president: U.S. set deadline to release detained pastor

The Lira extended its selloff and fell by up to 11% against the Dollar in thin trading in Asia, before trimming losses after the Turkish Banking Regulation and Supervision Agency stepped in to limit swap transactions on the currency. "The " Turkey shock" from last weekend, triggered by sharp plunges of the lira, has fuelled fears that it may i...

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  • Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia
Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia

Musk and SoftBank Group's Masayoshi Son held talks past year that touched on taking Tesla private, two people with knowledge of the discussions have said. 10. Musk last week shocked investors with his announcement on Twitter that he was looking to take Tesla private at US$420 a share, valuing the company at US$72 billion.

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  • Airliner stolen from Seattle-Tacoma airport crashes
Airliner stolen from Seattle-Tacoma airport crashes

Air Alaska passengers wait in the terminal following an incident where an airline employee took off in an airplane, at Seattle-Tacoma International Airport in Seattle , Washington, U.S., August 10, 2018. The station aired footage of a fire at the crash site taken by its helicopter. Those guys will rough me up if I try and land there. Then th...

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  • Oil Prices Slide As China Imposes 25 Tariff On U.S
Oil Prices Slide As China Imposes 25 Tariff On U.S

The latest round of American and Chinese tariffs, which bring the running total of targeted goods to $50 billion on each side, are set to take effect August 23. Washington had already imposed tariffs on United States dollars 34 billion on July 6 but held off on a final USD 16 billion in goods as a result of concerns from U.S.

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  • Elon Musk Wants to Take Tesla Private at $420 a Share
Elon Musk Wants to Take Tesla Private at $420 a Share

At $420 per share, a deal would be worth $72 billion overall. In the post , Musk said that he feels a forward-looking company such as Tesla is better off being private and avoiding the short-term thinking involved with public markets. In his letter, Musk suggested a choice for shareholders of selling their shares for $420 each or remaining inv...

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  • Facebook asks US banks for financial info to boost user engagement
Facebook asks US banks for financial info to boost user engagement

Facebook tried to persuade banks to give it their users' data by promising them features such as users being able to see their checking account balances or receiving fraud alerts within Facebook Messenger. JPMorgan isn't "sharing our customers' off-platform transaction data with these platforms, and have had to say no to some things as a result", s...

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  • China threatens new tariffs on $60 bn worth of U.S. goods
China threatens new tariffs on $60 bn worth of U.S. goods

Then there is what China says and on Thursday, Beijing urged the United States to "calm down" and return to reason after news that Trump may hike the tariffs from 10% to 25%. Speaking just hours after China unveiled the countermeasures on Friday, Larry Kudlow , Trump's chief economic adviser, said the United States president was willing to fo...

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  • United States unemployment rate falls to 3.9 percent as hiring slows
United States unemployment rate falls to 3.9 percent as hiring slows

Average hourly earnings increased 2.7 percent from a year earlier, unchanged from June and matching projections, while the jobless rate ticked down to 3.9 percent as forecast. "Price hikes tied to tariffs are likely to exacerbate that dynamic in the third quarter, which will leave the Federal Reserve raising rates without the wage gains that usua...

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  • Iran acquires commercial aircraft ahead of USA sanctions
Iran acquires commercial aircraft ahead of USA sanctions

Videos on social media in recent days have shown people marching in the streets of several cities, chanting radical slogans. But US President Donald Trump chose to reimpose punishing sanctions against Iran, whom he has accused of posing a security threat.

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  • Mark Carney warns chance of no-deal Brexit is 'uncomfortably high'
Mark Carney warns chance of no-deal Brexit is 'uncomfortably high'

The next few months will prove to be laden with risk for Sterling as the EU and United Kingdom try to come to a deal that must be agreed on at the October EU Summit. The Bank of England has increased interest rates to their highest level for almost 10 years and said further "gradual" rises are on the cards. Mark Carney has warned that the pos...

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  • 'Bad manners': Musk's apology to analysts sends Tesla shares soaring
'Bad manners': Musk's apology to analysts sends Tesla shares soaring

Among the many faces of Elon Musk-for a glimpse of how many, look no further than the Musk memes-the Tesla CEO seems to have found the persona most likely to make him rich: Apologetic Elon. Musk attributed his intemperate remarks this spring to the long work weeks at Tesla and a lack of sleep, while adding that "there's still no excuse for it".

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  • USA imposes sanctions on Turkish officials over pastor's detention
USA imposes sanctions on Turkish officials over pastor's detention

Turkey will retaliate against a United States decision to impose sanctions on two senior ministers over the imprisonment of Pastor Andrew Brunson, the foreign ministry said on Wednesday. Brunson was accused of helping supporters of Fethullah Gulen, the US -based cleric who Turkish authorities say masterminded the 2016 coup attempt against Erdogan...

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  • After $120B Stock Tumble, Facebook Investors Claim Fraud
After $120B Stock Tumble, Facebook Investors Claim Fraud

It's been a rough year for Facebook and its investors. Late Wednesday, Facebook warned that its revenue growth will slow down significantly for at least the remainder of the year and that expenses will continue to skyrocket. However, the titular chairman of the Berkshire Hathaway Inc.'s $83 million fortune without a doubt tops the Facebook...

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  • Over $109bn wiped off Facebook's market cap after growth shock
Over $109bn wiped off Facebook's market cap after growth shock

But the revenue of $13.2 billion missed Wall Street estimates of $13.4 billion. A #DeleteFacebook campaign didn't have any "material impact" on the bottom line, COO Sheryl Sandberg said earlier this year. Facebook didn't respond to a request for comment. "GDPR was an important moment for our industry", Zuckerberg said on Wednesday. "Lookin...

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  • Weather warning issued for thunderstorms
Weather warning issued for thunderstorms

Forecasters were expecting the prolonged heatwave to continue with temperatures set to peak on Thursday and Friday. The Met Office has issued a level 3 amber alert for the East Midlands with the heatwave set to return. Murphy said that even though the last few days have been warm, conditions for the next week are expected to get "cooler" acro...

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  • Saudi Red Sea oil shipments halted after Houthi attack
Saudi Red Sea oil shipments halted after Houthi attack

Saudi Energy Minister Khalid al-Falih said the Houthis attacked two Saudi oil tankers in the Red Sea on Wednesday, one of which sustained minimal damage. Any move to block the strait would virtually halt oil shipments through Egypt's Suez Canal and the SUMED crude pipeline linking the Red Sea and Mediterranean.

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