• MPs and unions hail Tata Steel merger, but demand further investment
MPs and unions hail Tata Steel merger, but demand further investment

The Tata Steel-Thyssenkrup deal comes in the backdrop of heavy tariffs of 25 per cent imposed by the Trump administration on steel imports from both European Union and India. Thyssenkrupp would also have the right to "exclusively decide" on the timing of an IPO. The German group also said it now expects annual synergies of 400 million to 500 mill...

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  • Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet
Amazon Wants To Help Entrepreneurs In Charlotte Build Their Own Delivery Fleet

Individuals can also sign up for a programme called Amazon Flex to deliver merchandise using their own vehicles, earning $18 to $25 an hour. "Customer demand is higher than ever and we have a need to build more capacity", Dave Clark, Amazon's senior vice president of worldwide operations, said in the statement.

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  • Q1 GDP growth revised up to 0.2%
Q1 GDP growth revised up to 0.2%

Britain's economy as a whole grew 0.2% on a quarterly basis in the first three months of 2018, an unexpected upward revision from an initial estimate of 0.1% after the ONS scaled back its estimate of the decline in construction output that quarter.

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  • Crumpets latest victim of CO2 shortage
Crumpets latest victim of CO2 shortage

A shortage of Carbon dioxide is impacting the supply of beer , soft drinks and meat to supermarkets. The British Retail Consortium (BRC) said Carbon dioxide supply issues remained and companies were working hard to source alternative gas stocks.

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  • Enbridge: On track to put new Line 3 into service next year
Enbridge: On track to put new Line 3 into service next year

The hearing room was tense as commissioners explained their problems with - and, ultimately, their support for - the pipeline, which will cross about 340 miles of northern Minnesota on its route from Alberta to the Enbridge terminal in Superior, Wis.

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  • Trump says Saudi Arabia will boost oil production up to 2M barrels
Trump says Saudi Arabia will boost oil production up to 2M barrels

Kuwait planned to raise oil output by 85,000 barrels per day starting on Sunday, part of an agreement between OPEC and non-OPEC producers to increase production by one million bpd, its Energy Minister Bakhit al-Rashidi said on Saturday. That was after Saudi Energy Minister Khalid al-Falih said the kingdom would honour the OPEC decision to stick t...

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  • Adidas says certain customers may have been impacted by data breach
Adidas says certain customers may have been impacted by data breach

A preliminary probe determined the breached data includes contact information, usernames and encrypted passwords, the company said in a statement posted on its site. However, Adidas did not delve into the time period when the breach occurred. " Adidas immediately began taking steps to determine the scope of the issue and to alert relevant cu...

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  • Data Firm Exposed 340 Million Personal Records
Data Firm Exposed 340 Million Personal Records

The database was stored on a publicly accessible server , and within it were detailed records on 230 million Americans and 110 million businesses. Vinny Troia , security researcher and founder of NightLion Security, headquartered in St. Louis, Mo., discovered the potential Exactis leak and wrote on Twitter that he is working with the com...

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  • Vancouver restaurant manager fired for refusing to serve man in MAGA hat
Vancouver restaurant manager fired for refusing to serve man in MAGA hat

The customer argued they had a right to wear the hat and left the establishment. A manager at a popular seafood restaurant in Vancouver, Canada, learned an unforgettable lesson from his boss after he denied service to a customer wearing a "Make America Great Again" hat inside the restaurant.

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  • Tesla’s Elon Musk in stink over farting unicorn
Tesla’s Elon Musk in stink over farting unicorn

Colorado-based artist Tom Edwards says Musk used a picture he created without permission in Tesla auto operating systems. Mr Musk replied directly to Ms Prank, crediting the design to Nik Jovanovic , another Twitter user. However, Edwards told his local newspaper Westword on Tuesday that he had discovered that the flatulent mythical bea...

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  • China tries to defuse trade pressure, says world benefits
China tries to defuse trade pressure, says world benefits

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, June 28, 2018. "Investors are trying to decide what the policy is going to be with respect to trade with China and the rest of the world".

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  • Saudi king said will boost oil output if needed: White House
Saudi king said will boost oil output if needed: White House

The leading OPEC member announced plans to pump a record-high 11 million barrels of oil per day in July, according to press reports. The statement from Saudi Arabia added that there also was an understanding that oil-producing countries would need 'to compensate for any potential shortage of supplies.' It did not elaborate.

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  • Oil prices rally after big United States crude inventory drop
Oil prices rally after big United States crude inventory drop

With Russia on the same wavelength for its own reasons, Iran had to be persuaded. The source said this time the situation is different. A day before the official OPEC meeting on Friday, Iranian Oil Minister Bijan Zanganeh stormed out of a gathering of OPEC and non-OPEC allies saying there would be no agreement.

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  • Saudi Arabia planning record crude oil production in July
Saudi Arabia planning record crude oil production in July

US light crude was 65 cents higher at $71.18. The move, as Bloomberg adds illustrates the "unprecedented response to the pressure U.S. President Donald Trump has put on OPEC to supply more oil". Analysts warn, however, that there is little spare capacity for large-scale output increases. Despite widespread global opposition to the USA stance ...

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  • Trump asks Saudi Arabia to increase oil production
Trump asks Saudi Arabia to increase oil production

President Donald Trump said on Saturday morning that he had received assurances from King Salman bin Abdulaziz Al Saud of Saudi Arabia that his country will increase oil production - a claim the gulf state has not confirmed . U.S. President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to ramp up oil...

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  • In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!'
In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!'

A heartbreaking photo of Geoffrey is circulating, as Toys "R" Us closes its remaining stores on Friday. "One day, all of us will get separated from each other". We don't have that much inventory. Party City is also opening 50 pop-up toy shops this fall. Whether this leads to a relaunched store is anyone's guess, but the brand as a whole isn't d...

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  • Indians' money in Swiss banks rises 50% in one year
Indians' money in Swiss banks rises 50% in one year

Reacting to the latest data from the Swiss National Bank (SNB) that showed the money of Indians stashed in Swiss banks rose over 50 per cent to Rs 7,000 crore in 2017, the former finance minister said that this news has led to a "misinformed reaction in certain circles" questioning "whether the Government's anti-black money steps have yielded res...

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  • Boeing's hypersonic concept can fly from NYC to Tokyo in 2 hrs
Boeing's hypersonic concept can fly from NYC to Tokyo in 2 hrs

The Chicago-based aviation giant used the platform of the prestigious annual American Institute of Aeronautics and Astronautics (AIAA) conference in Atlanta, Georgia, to unveil an image of what it has pithily described as the "first passenger-carrying hypersonic vehicle concept".

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  • CO2 shortage forces beer rationing and shuts down major abattoir
CO2 shortage forces beer rationing and shuts down major abattoir

Heineken and Coca-Cola Great Britain are among drinks companies hit - the latter temporarily pausing some production lines but insisting there has been no disruption to supply. The CO2 shortage is also said to be affecting deliveries of frozen food, which are kept cool by dry ice which is created by compressing CO2. "That's the frustrating thing...

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  • Amazon will help entrepreneurs form companies to deliver its packages
Amazon will help entrepreneurs form companies to deliver its packages

They don't have to lease the Amazon blue vans, but if they do, those vehicles can only be used to deliver Amazon packages, the company said . A box for an Amazon prime customer moves through the new Amazon Fulfillment Center in Sacramento, Calif., Feb.

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