• United States treasury secretary says trade talks with China are on back burner
United States treasury secretary says trade talks with China are on back burner

If Republicans retain 51 of the Senate's 100 seats in November elections, they could approve a new NAFTA agreement next year without the support of Democrats. While nothing can be taken for granted with Trump, they provided some insight into US administration's thinking moving forward. The U.S. currency has fallen for three consecutive weeks, and...

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  • WTO chief downplays Trump withdrawal threat
WTO chief downplays Trump withdrawal threat

The US President, who is engaged in a trade war with China and the European Union over steel tariffs, has demanded changes to the way the WTO is run. Washington has also blocked the election of new judges to the WTO's dispute settlement system, to potentially paralyse its ability to issue judgments.

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  • Canada trade talks going down to wire
Canada trade talks going down to wire

Trump told a crowd in Evansville, Indiana, on Thursday night. President Trump responded to a Toronto Star story about off-the-record comments he was alleged to have made about trade talks with Canada in an interview with Bloomberg News Thursday.

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  • Rupee hits lifetime low at 70.81, falls 22 paise against United States dollar
Rupee hits lifetime low at 70.81, falls 22 paise against United States dollar

The rupee fell to a record 71 per dollar in opening trade on Friday, tracking weakness in nearly all other Asian peers as the latest round of U.S. At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previous close of 70.74.

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  • Indian economy grows 8.2% in Q1, highest in 15 quarters
Indian economy grows 8.2% in Q1, highest in 15 quarters

It easily surpassed the 6.7 percent growth posted by China for the same quarter, and it restored India's growth to levels posted by the Congress governments during the decade before Modi's Hindu nationalist Bharatiya Janata Party swept to power in 2014.

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  • James Bond's Favorite Carmaker Is Ready To Go Public
James Bond's Favorite Carmaker Is Ready To Go Public

Luxury carmaker Aston Martin intends to float on the London Stock Exchange , completing a turnaround after new models and a surge in volumes helped the iconic brand return to profitability following years of losses. Aston Martin is now an investor consortium featuring David Richards, chairman of British race vehicle manufacturer Prodriv...

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  • Coca-Cola is buying Costa as the United Kingdom hits peak coffee
Coca-Cola is buying Costa as the United Kingdom hits peak coffee

Whitbread acquired Costa in 1995 for £19 million from founders Sergio and Bruno Costa when it had only 39 shops. Whitbread added that it intends to return a significant majority of net cash proceeds to shareholders. Over the years, it has owned well-known brands such as TGI Fridays, Pizza Hut and Marriott Hotels. The deal is expected to compl...

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  • Berkshire Hathaway purchases stake in Patym
Berkshire Hathaway purchases stake in Patym

Berkshire Hathaway confirmed the investment on Monday evening . We had a lengthy conversation without paper, documents or presentation on India, technology, Paytm, rivals, philosophies of life. "Its more probable now than before that I will see him and have a selfie with him". Over the past year, Paytm's near-monopoly status in digital payments ...

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  • Donald Trump Cancels Pay Raises For Federal Employees
Donald Trump Cancels Pay Raises For Federal Employees

He cites the costs and says: "We must maintain efforts to put our Nation on a fiscally sustainable course, and Federal agency budgets can not sustain such increases". Trump's 2019 budget proposal sought to freeze federal pay, but the Senate Appropriations Committee included a pay bump in its spending plans for 2019.

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  • Facebook Watch Goes Global and Expands Advertising Capabilities
Facebook Watch Goes Global and Expands Advertising Capabilities

Obviously, the goal is to help you find new videos to watch, ranging from sports and news to entertainment, and your feed will be personalized to match your interests. Videos you can participate in: We're building new video experiences that put people at the center, giving them the ability to shape the direction of the content.

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  • Caught on Camera: Tesla Model S makes 100-foot jump; driver charged
Caught on Camera: Tesla Model S makes 100-foot jump; driver charged

Teslas are relatively heavy cars thanks to the electric battery, so it's safe to say that the vehicle's impressive acceleration capabilities did help the vehicle go airborne, though given the charges it appears that police are blaming the driver.

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  • Trans Mountain pipeline expansion quashed by Federal Court of Appeal
Trans Mountain pipeline expansion quashed by Federal Court of Appeal

Speaking in Calgary, Kenney said the court decision proves Premier Rachel Notley's Alberta government has been headed in the wrong direction by continually arguing that carbon tax would win the social licence needed to build such projects. "This is a watershed moment for a troubled and controversial project", Hasselman said. Some First Nations ar...

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  • JetBlue raises baggage fees
JetBlue raises baggage fees

Air Canada's baggage allowance policy continues to allow for a vehicle seat and stroller to be checked as additional pieces of baggage free of charge. The decision to hike baggage fees comes at a time when airline fuel prices are surging and nearly all airlines are struggling to improve revenues and curb costs.

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  • Vodafone, TPG to become $15b telco giant
Vodafone, TPG to become $15b telco giant

Last week, the two companies confirmed that they had engaged in exploratory talks, issuing identical statements to the Australian Stock Exchange on 22 August. "These two businesses are very different but extremely complementary", Mr Berroeta said . The board will comprise the CEO and chairperson, existing TPG directors Robert Millner and Shane...

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  • Elon Musk doubles down on ‘pedo’ claims against United Kingdom cave diver
Elon Musk doubles down on ‘pedo’ claims against United Kingdom cave diver

Unsworth was dismissive of the mini-sub, stating that it would not work and suggesting that Musk " stick his submarine where it hurts ". "Sorry pedo guy, you really did ask for it". But Musk's decision to continue to respond to critics on Twitter indicates he won't change easily, said Charles Elson, a University of DE finance professor who specia...

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  • 99.3% Of Demonetised Currency Notes Returned To Banks So Far: RBI
99.3% Of Demonetised Currency Notes Returned To Banks So Far: RBI

Post demonetisation , new currency of Rs 500 notes was pumped more into the system over the last one year. This increased to 9,892 such notes in 2017-'18. He said he suspected that the bulk of the currency not returned may be lying in Nepal and Bhutan, where Indian currency is acceptable, and some that may have been lost or destroyed.

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  • US, Trump, Mexico NAFTA trade deal: auto, agricultural details
US, Trump, Mexico NAFTA trade deal: auto, agricultural details

Canada's NAFTA negotiator, Foreign Minister Chrystia Freeland, is cutting short a trip to Europe to fly to Washington Tuesday to try to restart talks. But the president made one final error as the conversation ended, telling reporters that it signified a new trade deal with Canada. The U.S. dollar, which had been a haven as investors anticip...

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  • Google Pay grows even stronger by absorbing India-first digital wallet Tez
Google Pay grows even stronger by absorbing India-first digital wallet Tez

Digital lending is also becoming a part of the new Google Pay . At its annual "Google for India" event in New Delhi today, Google announced that Tez will be called Google Pay going forward as the company will look at taking Tez beyond India and hence has unified all of its payment offerings globally.

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  • US, Mexico reach trade
US, Mexico reach trade "understanding", Trump threatens to cut out Canada

The move, sought by the United States, puts Canada in a hard position because Prime Minister Justin Trudeau had insisted on maintaining Chapter 19 as a way to fight USA duties on softwood lumber, paper and other products that it views as unfair.

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  • When Trump announced US-Mexico deal, he issued ultimatum to Canada
When Trump announced US-Mexico deal, he issued ultimatum to Canada

President Trump has been highly critical of the North American Free Trade Agreement (NAFTA ) and has complained it effectively sends jobs to Canada and Mexico. USA and Mexican officials are reportedly hoping that the progress they've made will entice Canada, America's No. 2 trade partner, to rejoin the talks, Burrell reported .

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