• Trump warns further China tariffs 'ready to go'
Trump warns further China tariffs 'ready to go'

In a letter sent to the U.S. Trade Representative, Apple says the Apple Watch , AirPods and Apple Pencil would be caught in the crossfire of Trump's escalating trade war with China. Trump's threatened tariffs, now totaling $517 billion in Chinese goods, would exceed the $505 billion in goods imported from China past year. The surplus with th...

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  • CBS negotiating Moonves' exit and Viacom merger standstill
CBS negotiating Moonves' exit and Viacom merger standstill

The New Yorker reported that Moonves denied "any characterization of 'sexual assault, ' intimidation, or retaliatory action". Media company CBS Corp's board is in settlement talks with Chief Executive Officer Les Moonves and has offered about $100 million exit package, CNBC reported https://www.cnbc.com/2018/09/06/cbs-board-in-negotiatio...

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  • Diesel and petrol prices rise by around 50 paise per litre
Diesel and petrol prices rise by around 50 paise per litre

Petrol prices were increased to Rs 87.39, Rs 86.41 and Rs 83.13 per litre in Mumbai, Kolkata and Chennai respectively on Thursday. In Bengaluru, the petrol is sold at Rs 82.60 and diesel at Rs 74.39. The Congress has chose to call a nationwide bandh on Monday, September 10 over the issue of rising fuel prices. The reasons for the same is mainly...

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  • Doubling of China trade tariffs 'ready to go'
Doubling of China trade tariffs 'ready to go'

President Trump is digging into protecting the American worker against China by considering additional tariffs on $267 billion in Chinese imports. The release of the data came after US President Trump said on Friday his administration meant to go ahead with tariffs on US$200 billion worth of Chinese imports.

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  • Trump ups ante on China, threatens duties on almost all its imports
Trump ups ante on China, threatens duties on almost all its imports

To a certain extent its going to be up to China , Trump said. The tariffs would potentially hurt USA companies that import everything from handbags to bicycle tires. Trump said talks with Canada to revise the 25-year-old NAFTA were "moving along" but again called the agreement "one of the worst trade deals in history".

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  • Mercedes-Benz unveils electric SUV to challenge Tesla
Mercedes-Benz unveils electric SUV to challenge Tesla

The electric sport utility vehicle is expected to signal the end of Tesla's dominance in the electric vehicle segment of the market. The market for upscale electric cars is Tesla's to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this year and nearly double that in 2019.

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  • Bitcoin extends slump on Goldman Sachs report
Bitcoin extends slump on Goldman Sachs report

Rumors that Goldman Sachs was preparing such a trading desk first surfaced as far back as October 2017. Cryptocurrency markets seemed to respond negatively to the news . However, Brian Kelly, founder and CEO of crypto hedge fund BKCM, is more anxious about the long-term impact of Goldman Sachs' about-face. This news was the catalyst that...

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  • Canada trade talks restart, tackle 'final' issues
Canada trade talks restart, tackle 'final' issues

The U.S. economy would suffer just a 0.22 percent decline. I'm guessing that's because the United States side has an offer to make. On Tuesday, Prime Minister Trudeau said Canada will not sign onto a deal that does not include a dispute resolution mechanism and exemptions for cultural industries.

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  • Economic Crisis: South Africa enters recession for first time since 2009
Economic Crisis: South Africa enters recession for first time since 2009

After a fall of 2.2% for the first quarter, Q2 provided no relief, as the market shrank by another 0.7%. "The downturn in the second quarter of 2018 was a result of a fall-off in activity in the agriculture , transport, trade, government and manufacturing industries", Statistics South Africa said.

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  • FDA: 'Do NOT eat. DO NOT buy' Honey Smacks cereal
FDA: 'Do NOT eat. DO NOT buy' Honey Smacks cereal

And an FDA update is reminding consumers "not to eat" Honey Smacks. At least 30 more people have been sickened by salmonella infections linked to the cereal, which was recalled in June . Illnesses in this outbreak started on dates ranging from March 3 to August 7, CDC said , adding the investigation is still ongoing. Those who store cereal ...

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  • Elon Musk Calls Thailand Rescue Diver
Elon Musk Calls Thailand Rescue Diver "Child Rapist" In New Attack

Elon Musk has again made unsubstantiated allegations that Vernon Unsworth , the British diver involved in the rescue of Thai boys trapped in a cave, is a paedophile - claims Mr Unsworth denies. Tesla's stock has been particularly sensitive to Musk's movements, having closed down nearly 3 percent after the last attack on Unsworth. Musk had ac...

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  • Chinese tech billionaires arrest in USA stemmed from rape accusation
Chinese tech billionaires arrest in USA stemmed from rape accusation

However, a Minneapolis police report said the arrest of Chinese billionaire Liu Qiangdong was over a felony rape accusation. Liu, 45, was released Saturday afternoon pending possible criminal charges. "The shares have fallen as a direct result of Liu's alleged sexual misconduct", said Li Yi, chief fellow at the Shanghai Academy of Social Sciences...

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  • Friends prank McDonalds with poster kept up for 51 days
Friends prank McDonalds with poster kept up for 51 days

The fake McDonald's poster that 21-year-old student Jevh Maravilla shared on Twitter on Monday is the absolute flawless example of this. Maravilla and his friend Christian Toledo, 25, are both Filipino-Americans. "And hopefully one day I could see someone like me on the big screen". After the finished product arrived, they created a cover in or...

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  • Oil prices higher as USA sanctions limit Iran exports
Oil prices higher as USA sanctions limit Iran exports

The waterway is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond, through which a third of the world's sea-borne oil passes every day. The larger-than-expected draw in USA crude inventories for the week ended August 24 has been keeping prices supported, analysts said. Oil...

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  • Ayanna Pressley's Surprise Upset Shows Women Of Color's Power In Democratic Politics
Ayanna Pressley's Surprise Upset Shows Women Of Color's Power In Democratic Politics

Pressley, a Boston City councilor, was heavily outspent and making her first run for Congress but that made little difference as she rode a wave of momentum to victory. However, two other Massachusetts Democrats, Reps. Polls and political analysts predict the state's nine House of Representatives seats will remain in Democratic hands, along wit...

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  • Amazon Hits $1 Trillion Valuation
Amazon Hits $1 Trillion Valuation

Apple topped that mark in early August. And Bezos's fortune has been skyrocketing as Amazon shares have soared in 2018: Through most of the year thus far, Bezos's net worth has been increasing at an average of roughly $260 million per day .

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  • Amazon becomes second $1 trillion company in US
Amazon becomes second $1 trillion company in US

The Seattle-based company has secured their customers loyalty through smart devices like Alexa and the Prime membership - a service that offers free next day deliver as well as music and video streaming perks. By early afternoon, Amazon's stock was trading at $2,030 per share, up less than 1 percent, putting its market cap at $990 billion. Amazon...

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  • China targets video gaming to tackle myopia in children
China targets video gaming to tackle myopia in children

However, since March 28th no new licences have been granted . Tencent market value decreased by $20 billion on August 31 and its stocks fell more than 5 percent on closing trade on August 30 following reports that China announced tougher regulations on online gaming sites to prevent the increasing level of myopia among children.

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  • Meghan McCain tells mourners: America ‘was always great’
Meghan McCain tells mourners: America ‘was always great’

Bracy said he was adamant about showing respect and honor for McCain, a person who fought and suffered for his country. "Congress should not interfere w/ these negotiations or I will simply terminate NAFTA entirely & we will be far better off".

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  • Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai
Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

In Mumbai, Kolkata and Chennai, petrol prices went up by in the range of 30-32 paise a litre, with the fuel selling for Rs 82.06 per litre in Kolkata, Rs 86.56 in Mumbai, and Rs 82.24 in Chennai, according to data provided by IOC. This is not only a new high for the city-the last recorded all-time high was Rs 86.24 on May 29-but also the steepest...

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