• Rupert Murdoch says goodbye to United Kingdom television with sale of Sky
Rupert Murdoch says goodbye to United Kingdom television with sale of Sky

It follows the dramatic Saturday auction, which saw Comcast win a three round bidding process with an offer of £17.28 per share, valuing Sky at almost £30bn. We bet - and nearly lost - the farm on launching a business that many didn't think was such a good idea. Fox's Sky stake is now worth more than double what it was before Murdoch's latest tak...

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  • Ahead of USA sanctions, India looks beyond Iran for oil imports
Ahead of USA sanctions, India looks beyond Iran for oil imports

The website of Iran's oil ministry, Shana.ir, quotes the minister, Bijan Zanganeh, as saying the "U.S. dream of getting Iran's oil exports (effectively) to zero won't come true". Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other Middl...

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  • Federal Reserve hikes interest rate, citing
Federal Reserve hikes interest rate, citing "strong" economy

Trump publicly criticized Fed interest-rate increases earlier this year, breaking with more than two decades of White House tradition of avoiding comments on monetary policy out of respect for the independence of the USA central bank. A CNBC survey found that 98% of respondents expected the Fed to hike rates this month, while 96% predict another ...

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  • Trump pans Canada, says he rejected NAFTA meeting with Trudeau
Trump pans Canada, says he rejected NAFTA meeting with Trudeau

That's the mother lode. One of the primary sticking points is a demand from the Trump administration that Canada cut dairy subsidies, a move that would provoke the ire of part of Canadian Prime Minister Justin Trudeau's political base. However Lighthizer said today that if it's not done in time, then Lopez Obrador might want to renegotiate: "If...

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  • How Trump split Mexico and Canada in NAFTA talks
How Trump split Mexico and Canada in NAFTA talks

The United States and Mexico could move ahead without Canada in a new version of the North American Free Trade Agreement, US Trade Representative Robert Lighthizer said Tuesday, according to media reports. The U.S. Trade Representative named the Chapter 19 dispute resolution system, which Canada wants to preserve, and American access to Canada's pr...

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  • Iran: Trump should stop interfering in Middle East
Iran: Trump should stop interfering in Middle East

According to the tanker-tracking data, seven of those vessels, when last seen, were carrying a total of 13 million barrels of crude oil and condensate, the ultra-light oil that Iran pumps from its natural gas fields. In addition to ripping USA foes such as Iran and Venezuela, President Donald Trump took direct aim at America's Gulf allies dur...

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  • United Kingdom to hold nerve after Brexit talks hit impasse - Brexit minister
United Kingdom to hold nerve after Brexit talks hit impasse - Brexit minister

Mrs May was speaking to reporters on a flight to NY ahead of the 73rd United Nations General Assembly on Tuesday. Earlier on Tuesday, Labour said it was likely to oppose any deal negotiated by Theresa May as it did not meet its six tests, lessening the chances of it getting through Parliament.

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  • Why $100 Oil May Not be Far Off
Why $100 Oil May Not be Far Off

OPEC and its partners gave a tepid response to President Donald Trump's demand that rapid action be taken to reduce prices, saying they would boost output only if customers want more cargoes. "In my view, that makes it conceivable to see a price spike north of US$100 a barrel". The meeting ended without any member committing to a specific output...

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  • World leaders laugh as Trump boasts of his achievements
World leaders laugh as Trump boasts of his achievements

Trump's remarks focused heavily on the concept of sovereignty over globalism, which he said the United States rejects. "America's - so true", he said, pausing as many in the chamber laughed . Bolton will say in the speech: "The days of impunity for Tehran and its enablers are over". Trump, on the opening day of the Assembly's annual General ...

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  • Michael Kors buys Versace in appeal to young customers
Michael Kors buys Versace in appeal to young customers

She said she has "always admired" Michael Kors chief executive John Idol, and the family believes that being part of the group is "essential to Versace's long-term success". (As co-founders, Donatella and her brother Santo already own 30 per cent and 20 per cent, respectively.) The siblings had to push through mourning and go ahead with business ...

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  • Blow to Facebook as Instagram co-founders quit
Blow to Facebook as Instagram co-founders quit

Facebook acquired Instagram in April 2012 for a combination of cash and stock worth some $1 billion at the time . There was no immediate word on why they chose to leave the company but Mr. "I wish them all the best and I'm looking forward to seeing what they build next". It's the latest in a wave of executive departures of recent times , one...

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  • China accuses United States of
China accuses United States of "trade bullyism" as both sides impose fresh tariffs

In a white paper released by the official Xinhua News Agency on Monday, Beijing said Trump's "America first" economic policy and punitive tariffs on Chinese products had "greatly undermined" bilateral economic ties and threatened the world's multilateral system of trade.

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  • Barrick Gold agrees to buy rival Randgold in all-share deal
Barrick Gold agrees to buy rival Randgold in all-share deal

Investors will receive 6.128 new Barrick shares for each Randgold share they hold. The deal value, at 48.5 pound-a-share, matched Randgold's market capitalization as of Friday's close. "We don't see a reason to change Randgold's approach". The firms own some of the world's most valuable gold fields, producing more than 6.6 million ounces of g...

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  • SiriusXM is buying Pandora in $3.5 billion deal
SiriusXM is buying Pandora in $3.5 billion deal

In fact, buying up Pandora would significantly expand SiriusXM's audience. SiriusXM had already invested $ 480 million to buy 19% of Pandora's stock a year ago, and it was widely reported to be looking at a full purchase. Last May, Pandora paid $145 million for AdsWizz, the largest audio ad tech platform, a deal that was likely a key motivat...

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  • Saudi Arabia rejects Trump request to hike oil output
Saudi Arabia rejects Trump request to hike oil output

Nearly 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to US$100 a barrel possible.

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  • Rod Rosenstein expecting to be fired, AP source says
Rod Rosenstein expecting to be fired, AP source says

Unlike Trump, who frequently bashes Mueller's investigation, Rosenstein fully supported Mueller's ongoing probe. Axios reported that Rosenstein was planning to resign in anticipation of being fired. Some urged him to fire Rosenstein. "Making Trump fire him would be a good way to get a parting shot by Rosenstein", Blake adds. It wasn't immedia...

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  • Oil jumps as market tightens, more gains seen
Oil jumps as market tightens, more gains seen

Trump has repeatedly called for a hike in production by countries other than Iran to reduce oil prices , which have partially recovered since the December 2016 agreement, to trade close to $80 per barrel this month. However, Saudi Arabia and Russian Federation now say they have no more capacity. It comes amid fears oil prices could hit an ey...

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  • Versace on verge of sale to Michael Kors, reports say
Versace on verge of sale to Michael Kors, reports say

The paper added the brand, known for its Medusa head logo, could be valued at $2 billion. And it comes as the Michael Kors business still hasn't been turned around, despite some progress made. "It was overpriced", the source said. A spokesman for Blackstone had no comment. LVMH, PVH Corp. and Tapestry also looked at Versace in recent months, ...

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  • Sleep in coffin for 30 hours, earn $300 in creepy contest
Sleep in coffin for 30 hours, earn $300 in creepy contest

As per the rules of the challenge, coffin dwellers will be allowed to bring a friend along during Fright Fest operating hours, but they must courageous the non-operating hours by themselves. All remaining participants will receive the Season Passes and Fight Fest package. The challenge - if you choose to accept it - is not without its rewards.

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  • Opec, allies rule out urgent hike in oil output
Opec, allies rule out urgent hike in oil output

Supply to the global oil market remains "satisfactory", Saudi Arabia's energy minister Khalid al-Falih said on Sunday, after calls by US President Donald Trump for an immediate hike in output to reduce prices. J.P. Morgan said United States sanctions on Iran could lead to a loss of 1.5 million bpd, while Mercuria warned that as much as 2 mi...

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