• SpaceX package will add
SpaceX package will add "small rocket thrusters" to 2020 Tesla Roadster

Speaking on Twitter, he confirmed that the rockets would actually be powered by SpaceX technology and would result in the Tesla Roadster's rear seats being removed to allow for the technology to fit. From dynamic-looking rear lights to a sharpened front end - complete with more pronounced wheel arches - the updated Tesla Roadster looks like...

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  • Inflation declines to 11.61% in May
Inflation declines to 11.61% in May

The RBI in its bid to tighten inflation, increased repo rate last week, for the first time in more than four years. Also, on a month-on-month basis, the Food sub-index increased by 1.33% in the month of May 2018, it went up by 0.42% from 0.91% that was recorded in the previous month of April.

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  • Trump renews attack on OPEC ahead of group's production meeting
Trump renews attack on OPEC ahead of group's production meeting

An oil production shortfall in Iran and Venezuela may force OPEC and Russian Federation to decide later this month to open their taps, the International Energy Agency said Wednesday. A gallon of regular gasoline is now $2.91, up 25 percent from the year-ago level. OPEC and non-OPEC producers struck a deal in late 2016 to trim production by 1.8 mi...

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  • Fed Raises Interest Rates for Second Time this Year
Fed Raises Interest Rates for Second Time this Year

In a statement released at the end of a two-day meeting, the Fed suggested that the USA economy is strong and not in need of a boost, according to the New York Times . At least on the immediate horizon, little appears to stand in the way, given the government's $1.8 trillion in combined tax cuts and planned spending.

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  • Cryptocurrency tether used to boost bitcoin prices, study finds
Cryptocurrency tether used to boost bitcoin prices, study finds

As CCN reported , Tether has increasingly come under scrutiny as the tether token's market cap has swelled over the past calendar year. Why did Bitcoin and several other cryptocurrencies suddenly balloon in value a year ago? This has been widely rumored within the cryptocurrency community for ages, but the study lends an air of academic cr...

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  • Four-country migrant ship standoff escalates as Italy demands apology from France
Four-country migrant ship standoff escalates as Italy demands apology from France

Italy's deputy prime minister called for an official apology before any further summits. A day after French President Emmanuel Macron said Rome had acted with "cynicism and irresponsibility" by closing its ports to a migrant ship, Italy's economy minister cancelled a Paris meeting with his counterpart, and Prime Minister Giuseppe Conte weighed ...

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  • Uber to get a patent to identify drunk passengers
Uber to get a patent to identify drunk passengers

It also calculates the time the rider has interacted with the Uber app. Uber has submitted an application to patent an artificial intelligence technology that identifies drunk passengers. Uber is often used by British merrymakers after Friday post-work drinks or a Saturday night of revelry, so the company could potentially alienate a solid cu...

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  • Federal Reserve raises interest rates
Federal Reserve raises interest rates

The Fed move came after a two-day meeting where its members discussed the robust state of the U.S. economy and the potential impact of a trade war amid rising tension between the USA and its largest trading partners. For 2020, the Fed foresees a median rate of 3.4 percent. He'll likely address the decision to hike rates and the Fed's views on the o...

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  • Trump gaslights the American public about North Korea’s nuclear weapons
Trump gaslights the American public about North Korea’s nuclear weapons

A day after his historic nuclear summit with North Korean dictator Kim Jon Un in Singapore , Trump took to Twitter on Wednesday saying the meeting was a "very positive experience" and "everyone can feel much safer than the day I took office".

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  • Trade War: Merkel Threatens US Over Trump Tariffs - Leah Barkoukis
Trade War: Merkel Threatens US Over Trump Tariffs - Leah Barkoukis

Foreign Affairs Minister Chrystia Freeland first announced "dollar-for-dollar tariffs" against the US on May 31. "Canada does not conduct its diplomacy through ad hominem attacks, we don't think that it's a useful or productive way to do business and perhaps we refrain particularly from ad hominem attacks when it comes to our relationship with ou...

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  • Uber driver who booted 2 kissing women has licence suspended
Uber driver who booted 2 kissing women has licence suspended

The Taxi & Limousine Commission has launched its own investigation. Iovine and Pichl had ordered an Uber to ferry them from a friend's birthday party in Brooklyn to another party in East Village at around 5pm. In the footage, Mr El Boutari says that kissing in an Uber is illegal - adding: "I don't want to argue with you, just get out of my vehicl...

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  • Trump accuses OPEC of driving up oil prices
Trump accuses OPEC of driving up oil prices

He made similar comments in April. However, OPEC's president, Suhail Al Mazrouei, said on Tuesday that the USA has not asked the group to increase oil production in the wake of political unrest in oil-rich Venezuela and US sanctions on Iran.

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  • Toyota just sunk another $US1 billion into Asian ride-sharing giant Grab
Toyota just sunk another $US1 billion into Asian ride-sharing giant Grab

Toyota Motor Corp has agreed to invest $1 billion (S$1.34 billion) in Southeast Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought Uber Technologies' regional business.

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  • Dixons Carphone Breach Hits 5.9 Million Cards
Dixons Carphone Breach Hits 5.9 Million Cards

The group said it had also found that 1.2 million records containing non-financial personal data, such as names, addresses or email addresses, had been accessed. Dixons Carphone said it had called in cyber experts and added extra security to its systems following the breach, while also since calling in the police and relevant authorities.

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  • Judge: Gov't evidence
Judge: Gov't evidence "too thin" in AT&T case

The lawsuit against AT&T had cast a pall over that activity, as a sign that the Department of Justice , under new Trump appointees, was taking a more hard line stance to mega-deals. In February, Rep. Elijah E. Cummings, the ranking member of the House Committee on Oversight and Government Reform, and Rep. Gerald E. Connolly, the ranking member of ...

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  • Former PM Mulroney predicts Trump rage at Justin Trudeau a passing storm
Former PM Mulroney predicts Trump rage at Justin Trudeau a passing storm

Later during the show, Smith further said Trump's latest attitude towards Trudeau isn't a new thing and he has "been kicking allies in the teeth his whole presidency". Among the many topics the president addressed with reporters afterward was his recent Twitter campaign against Trudeau, whom he has called "dishonest" and "weak ".

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  • Tesla undecimates its workforce but Elon insists everything's absolutely fine
Tesla undecimates its workforce but Elon insists everything's absolutely fine

Tesla's announcement comes a month after Musk announced a restructuring of Tesla's organizational chart. "Given that Tesla has never made an annual profit in the nearly 15 years since we have existed, profit is obviously not what motivates us", he wrote in an email to employees and posted on Twitter.

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  • Uber and Lyft will roll out scooters in San Francisco
Uber and Lyft will roll out scooters in San Francisco

The law says that over the next year only five companies will get permits to put their scooters throughout the city. San Francisco's transportation agency will lend out up to five permits to the scooter companies, so Uber and Lyft will be competing for dominance in the scooter business with other scooter startups like Bird, Lime and Spin.

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  • Uber launches Lite app for developing markets
Uber launches Lite app for developing markets

Many other accessibility-focused features are in the pipeline, as Uber Lite is now rolling out in India only as part of a "pilot" program, with "more countries" to gain support "later this year". You will then be offered with a list of rides to choose from along with the fare rates. Uber Lite isn't available on the Play Store just yet, but yo...

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  • Amazon accused of poor working conditions at supplier factory
Amazon accused of poor working conditions at supplier factory

On top of this, Hengyang workers were paid considerably less than those at other Foxconn factories. The temporary workers are further claimed to receive no overtime pay, being paid a flat rate of $2.26 an hour regardless of how long they have been working and dropping to $2.11 if they miss more than two days of work, and do not receive social insur...

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