• Scenes from the 2018 Farnborough Airshow
Scenes from the 2018 Farnborough Airshow

As the initial Farnborough Airshow announcement rush eased, Boeing came in on Wednesday with more bumper deals for its 737 MAX family of aircraft. VietJet's chief executive Nguyễn Thị Phương Thảo said the new planes "will fit perfectly into our growth strategy, providing the efficiency and range for VietJet to expand its route network and off...

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  • China's Xi Jinping holding up deal to resolve trade dispute: Trump adviser
China's Xi Jinping holding up deal to resolve trade dispute: Trump adviser

Xi is stalling. Speaking Wednesday morning at CNBC's Delivering Alpha conference in NY, he said the additional fiscal stimulus measures, coming after Trump's late-2017 corporate tax cuts, could boost gross domestic product to a range around 4%.

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  • Congress failed its promise to provide electricity: PM Modi
Congress failed its promise to provide electricity: PM Modi

The National Prosecuting Authority (NPA) has declined to obtain a warrant of arrest for Indian Prime Minister Narendra Modi , the body said in a statement today. He said, "Close to 90 lakh homes have received electricity so far. Electricity not only illuminates a place but also brings confidence in the people".

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  • SA jobless rate at near six-year low
SA jobless rate at near six-year low

Over the past year, the states and territories with the strongest annual growth in trend employment were New South Wales (3.7 per cent), Australian Capital Territory (2.9 per cent) and Queensland (2.6 per cent). "There are two real heroes, the businesses that create jobs and the people who went out there seeking them and got those jobs", said Mr Mo...

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  • Energy Fuels announces US Department of Commerce investigating effects of uranium imports
Energy Fuels announces US Department of Commerce investigating effects of uranium imports

The two uranium mining companies said at the time they submitted their petition, "As recently as 1980, US producers supplied almost 100% of our domestic uranium needs, and in 1989 the DOC initiated a Section 232 investigation at the request of the US Department of Energy because of concerns that uranium imports exceeded 37.5% at that time".

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  • Trump Threatens Tariffs on $500 Bln of Chinese Imports
Trump Threatens Tariffs on $500 Bln of Chinese Imports

In an interview on CNBC , Trump said, "I'm not thrilled" about the Fed's policy of gradually raising its key interest rates . "We have been ripped off by China for a long time". Currently, Trump has slapped tariffs on $34 billion in Chinese goods, which China has retaliated on. In an apparent reference to Fed rate increases, Trump added, "Tig...

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  • Trump escalates his war with the Fed
Trump escalates his war with the Fed

China imports only $129.9 billion of U.S. goods, which leaves it little room for a tit-for-tat response. "I'm not thrilled", Trump told the network in an interview excerpt aired yesterday. In the CNBC interview, the president also broke with a long-established tradition at the White House and voiced displeasure about recent actions at the US Fe...

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  • Microsoft Surpasses $100 Billion Revenue For First Time
Microsoft Surpasses $100 Billion Revenue For First Time

Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion. "We had an incredible year, surpassing $100 billion in revenue as a result of our teams' relentless focus on customer success and the trust customers are placing in Microsoft", the firm's CEO Satya Nadella , said in a statement.

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  • Trump slams Fed's rate policy despite strong economy
Trump slams Fed's rate policy despite strong economy

As he said he considers the Federal Reserve Board Chair Jerome Powell a very good man and that he is not interfering with Fed policy decisions, ' according to a statement from the White House following broadcast of the interview . But the Fed could use interest rates to counteract an overheating economy. During the interview, Trump himself pre...

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  • Trump 'ready' to tax all Chinese imports
Trump 'ready' to tax all Chinese imports

Trump authorized the tariffs after an investigation he ordered by the U.S. Trade Representative's office found that China was violating intellectual property rules and forcing American companies operating in China to hand over their technology secrets to gain access to the market.

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  • Oil prices fall on record US output, stock build
Oil prices fall on record US output, stock build

Oil markets have fallen over the last week as Saudi Arabia and other members of the OPEC and Russian Federation increased production and as some supply disruptions eased. Strategic Petroleum Reserve . After the Oil Weapon had been unsheathed by the oil-producing countries in 1973, the USA government began to hold a Strategic Petroleum Reser...

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  • Donald Trump 'not happy' with Fed interest rates
Donald Trump 'not happy' with Fed interest rates

Doing so slows growth, as it raises the cost of borrowing, but can also prevent runaway inflation from damaging the economy. Sure, non-presidents can and often do grouse about the Fed. Presidents have historically avoided criticizing the Fed, which is created to be independent from political interference. In 1972, President Richard Nixon pressure...

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  • Google is fined $5 billion for its illegal restrictions
Google is fined $5 billion for its illegal restrictions

It coincides with the European Commissioner for Competition's decision to fine Google the biggest antitrust penalty levelled on a single company, over its abuse of its dominant Android mobile operating system. As part of the European ruling, Google must stop forcing its web browser and search service on manufacturers, and stop any efforts to bloc...

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  • May narrowly avoids Brexit defeat again as MPs reject EU customs union
May narrowly avoids Brexit defeat again as MPs reject EU customs union

Ensuring his party that there is still time in the Brexit negotiations, in a 12-minute statement he said: "It is not too late to save Brexit". In a much anticipated speech, Mr Johnson attacked the prime minister's approach but said she could still command support for her leadership.

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  • Static inflation puts August rate rise in doubt
Static inflation puts August rate rise in doubt

The pound against the dollar also reached a ten-month low following the data. "The decision is certainly not set in stone, particularly as wage growth is a key component of inflation, and the recent data shows little promise of a sustained rise in salaries".

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  • Dangote Remains Africa’s Richest Man With $12.4bn Net Worth
Dangote Remains Africa’s Richest Man With $12.4bn Net Worth

Bloomberg , which also tracks the net worth of Jeff Bezos and other billionaires but calculates wealth differently and only updates its list after the market closes each day, puts the fortunes of both Bezos and Gates a bit lower. According to the report , this makes Bezos the richest man since Forbes first published its inaugural wealth rankin...

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  • AirAsia named world's best low-priced airline for 10th straight year
AirAsia named world's best low-priced airline for 10th straight year

The World Airline Awards , now in their 18th year, are based on customer satisfaction surveys. He said:" Singapore Airlines is honoured to be named "World's Best Airline" in the Skytrax awards, and I dedicate it to the 26,000 SIA Group employees who focus every day on delivering the world's best travel experience to our customers".

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  • Walmart collaborates with Microsoft on cloud tech to take on Amazon
Walmart collaborates with Microsoft on cloud tech to take on Amazon

The five-year agreement gives Walmart access to the full range of Microsoft cloud services, including Microsoft Azure and Microsoft 365, Walmart said Tuesday . "Whether it's combined with our agile cloud platform or leveraging machine learning and artificial intelligence to work smarter, we believe Microsoft will be a strong partner in driving...

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  • Planemakers kick off air show with billions of dollars of deals
Planemakers kick off air show with billions of dollars of deals

United Airlines has ordered four additional 787s from Boeing . Aerospace thrives on free and open global trade, Mr Muilenburg said, and finding solutions is "an important topic to us". Besides its relationships with China, Boeing can also rely on its proximity to the US government. The wire service notes that the day began with numerous big o...

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  • Japan and European Union sign trade agreement amid worries about Trump’s trade war
Japan and European Union sign trade agreement amid worries about Trump’s trade war

European Commission President Jean-Claude Juncker (left) and European Council President Donald Tusk smile after their joint press conference at the Japan-EU summit on Tuesday in Tokyo. Under the trade agreement, the European Union will open its market to Japan's auto industry, with Tokyo in return scrapping barriers to European Union farming prod...

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