• USA media: China offers to eliminate trade gap
USA media: China offers to eliminate trade gap

Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for January 30. The Nikkei gained 1.29% and South Korea's Kospi lifted 0.82%. Indicators released recently showed signs that the Chinese economy is losing momentum.

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  • Trump cancels delegation's trip to Davos due to shutdown
Trump cancels delegation's trip to Davos due to shutdown

US President Donald Trump decided not to send the US delegation to the World Economic Forum (WEC) in Switzerland's Davos due to the ongoing government shutdown, White House spokesperson Sarah Sanders said in a statement. NBC News' David Gura noted that the White House confirmed that Mnuchin is still leading the delegation after speculat...

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  • Trump proposes DACA deal in exchange for wall funding
Trump proposes DACA deal in exchange for wall funding

In exchange, it would offer hundreds of millions of dollars in new humanitarian money for safety and health of illegal immigrants, it would restore a program the Trump administration ended in 2017 to allow Central American children to apply for USA asylum from their home countries, and it would create a three-year legal status for about 700,000 p...

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  • OPEC publishes output cut quota for six months to June
OPEC publishes output cut quota for six months to June

The late-in-the-week rally in crude oil is also being supported by an... Tempering support for prices, however, are signs of weakening demand and surging US output. It's the biggest cut since the organization kicked off a previous round of curbs in early 2017. In November, waivers were announced for eight major Iranian oil importers, among them...

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  • Carlos Ghosn Accused of Dodging Rules to Receive $8.9 Million Compensation
Carlos Ghosn Accused of Dodging Rules to Receive $8.9 Million Compensation

But Ghosn is also facing a wave of other allegations over suspect payments, including a claim by Nissan today that he received almost eight million euros in "improper payments" from a Netherlands-based joint venture. Within days of being taken into custody he was sacked as chairman of Nissan and Mitsubishi, but Renault kept him on as chief execut...

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  • Judge denies 'essential' federal workers' request to be paid during the shutdown
Judge denies 'essential' federal workers' request to be paid during the shutdown

Typically fewer than a thousand former federal employees apply for jobless benefits each week. A federal judge on Tuesday will decide whether to grant a temporary order requiring the U.S.to pay its workers or let them stay home or work elsewhere for wages, as the partial government shutdown - already the longest in American history - ente...

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  • McDonald's Loses Big Mac Trademark Across Europe
McDonald's Loses Big Mac Trademark Across Europe

Some of the " Big Mac " and "Mc" trademarks registered to McDonald's had included McCountry, McMór, McKids, McFamily, McHome, McWallet, McRecycle, McJob, McChoice, the McNet and McInternet. 'We have been saying for years that they have been using trademark bullying . McDonagh concluded by calling the victory "the end of the McBully".

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  • ShopKo closing two Sioux Falls stores, filing for bankruptcy
ShopKo closing two Sioux Falls stores, filing for bankruptcy

The stores in Duluth, Two Harbors, Moose Lake, Ely, Aitkin and Spooner were not listed on a "Shopko Closing Locations" page posted to the company's website . All Shopko Optical centers and pharmacies will remain open during the process. In West Bend it appears Shopko Optical has a number of options on the table including the vacancy where Sweet...

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  • Crack a Tesla Model 3’s security and win a Model 3
Crack a Tesla Model 3’s security and win a Model 3

Using a myriad of attack vectors, each contestant's shared goal is to gain access to the Model 3 and its subsystems, or have it speak with a foreign actor other than Tesla. If hackers can target a denial-of-service attack against the Tesla, then they'll be eligible for $50,000, while a hack against the car's infotainment system offers $30,000.

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  • Criminal investigation being held by USA against Huawei: WSJ report
Criminal investigation being held by USA against Huawei: WSJ report

Bloomberg reported later on Wednesday that their own sources had confirmed the story. Senators from the United States introduced the Telecommunications Denial Order Enforcement Act, which prohibits the export of parts of USA technology to Chinese telecommunications companies.

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  • Carlos Ghosn's wife slams 'harsh' Japan detention
Carlos Ghosn's wife slams 'harsh' Japan detention

The case has also put Japan's criminal justice system under global scrutiny and sparked criticism for some of its practices, including keeping suspects in detention for long periods and prohibiting defence lawyers from being present during interrogations, which can last eight hours a day.

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  • Trump retaliates against Pelosi, says he's postponing her trip overseas
Trump retaliates against Pelosi, says he's postponing her trip overseas

Scalise was asked whether he thought Pelosi was simply trying to get into the president's head in the midst of negotiations, to which he replied: "I think he's already gotten into her head-that she's on the wrong side of this issue". The House and Senate said they will cancel a recess later this week if the shutdown continues, which seemed like...

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  • Burger King Jabs Trump over Misspelled 'Hamberders' Tweet
Burger King Jabs Trump over Misspelled 'Hamberders' Tweet

Burger tweeted , mocking the president: "Due to a large order placed yesterday, we're all out of hamberders". When Trump tweeted about the occasion, he prided himself on serving "over 1000 hamberders" to the players and paid for them using his personal funds because of the government shutdown .

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  • Man Jumps Off Cruise Ship, Gets Banned by Royal Caribbean
Man Jumps Off Cruise Ship, Gets Banned by Royal Caribbean

An Instagram story from one of Nayev's friends, Konstantin Kryachun, shows Naydev treading water after the fall. It seems the stunt required a bit of liquid courage - Naydev told his Instagram followers he was drunk at the time. "My feet were actually fine". Since the incident, Naydev says he did not consider the impact the video would ha...

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  • Goldman Sachs, Bank of America earnings beat expectations, shares jump
Goldman Sachs, Bank of America earnings beat expectations, shares jump

The Basel III Advanced common equity tier 1 ratio was 13.1% in this quarter, compared with 10.7% as of the same period previous year and 12.4% in the third quarter of 2018. As with Goldman, the year-ago period was hit with a hefty one-time charge tied to U.S. tax reform. Also helping sentiment was a $22 billion buyout offer by financial technol...

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  • France launches €50m no-deal Brexit plan for airports and ports
France launches €50m no-deal Brexit plan for airports and ports

After winning a no-confidence vote on Wednesday, Mrs May and senior Cabinet ministers are meeting representatives of other parties today in a bid to find consensus to break the parliamentary deadlock over Brexit. The government survived with support from May's Conservative Party and its Northern Irish ally, the Democratic Unionist Party. "I propo...

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  • China's modernized military could threaten Taiwan, U.S. report says
China's modernized military could threaten Taiwan, U.S. report says

China in 2015 announced its intention to build military facilities in Djibouti , citing reasons "to help the Navy and Army further participate in United Nations peacekeeping operations, carry out escort missions in the waters near Somalia and the Gulf of Aden and provide humanitarian assistance".

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  • China's Foreign Trade Tops Record $4.6Trln in 2018 - Customs
China's Foreign Trade Tops Record $4.6Trln in 2018 - Customs

Analysts say the trade figures could be used by Washington to pressure China. Exports rose 7.1 per cent year on year to 16.42 trillion yuan last year but at the same imports grew 12.9 per cent to 14.09 trillion yuan, resulting in a trade surplus of 2.33 trillion yuan, which narrowed by 18.3 per cent.

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  • Air traffic controllers warn of possible staffing shortage at DIA
Air traffic controllers warn of possible staffing shortage at DIA

It all began with controllers in Edmonton sending pizzas across the border to colleagues in Alaska, and the idea has gained traction ever since with over 35 different air traffic control units in the United States reportedly receiving the cheesy but delicious gifts from their Canadian colleagues.

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  • US Investigating Huawei for Alleged Trade Secret Theft
US Investigating Huawei for Alleged Trade Secret Theft

A source told the WSJ that the federal probe is still in an advanced stage, but it could lead to an indictment soon. Federal prosecutors are reportedly launching an investigation into Huawei over allegations it stole trade secrets from USA companies.

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