• Opec tightens its taps as global oil demand stalls
Opec tightens its taps as global oil demand stalls

The country's average heavy oil price was $56.29 in January, up 2.6 percent from $54.84 in December 2018. USA bank Morgan Stanley said the surge in us crude oil production, which tends to be light in quality and which rose by more than 2 million barrels per day (bpd) a year ago to a record 11.9 million bpd, had resulted in overproduction of g...

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  • Tesla Model 3 Cars Enters Europe And China
Tesla Model 3 Cars Enters Europe And China

By combining the three cars, Tesla holds 9% of the market, which provides particular confidence in Tesla's success for the coming years. Those updates are pushed to Tesla vehicles for free. The end of the year rush to push the mainstream entry out the door before the $7,500 tax credit dropped to $3,750 resulted in the company's stock of pricey Mo...

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  • Lottery victor claims jackpot wearing ‘Scream’ mask to hide identity
Lottery victor claims jackpot wearing ‘Scream’ mask to hide identity

I don't beg, I don't borrow", he added. He plans to buy a home with some of the cash. "I love to have money". A regular player, who picks his own numbers, Campbell said he was physically sick after learning of his win - to the point that he actually forgot he won.

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  • Activision-Blizzard reportedly planning hundreds of job-cuts
Activision-Blizzard reportedly planning hundreds of job-cuts

Currently, staffing levels on some teams are out of proportion with our current release slate. I'm sorry to share that we will be parting ways with some of our colleagues in the USA today. Meanwhile, Blizzard feels like a company that is stagnating. Blizzard founder Mike Morhaime announced his departure a year ago. Right now, Epic Games' " Fortni...

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  • Trump says China trade deal deadline could slide
Trump says China trade deal deadline could slide

If the two sides can not reach a deal by March 1, U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 per cent from 10 per cent. The latest round of talks in Beijing kicked off on Monday with discussions among deputy-level officials to try to work out technical details, including a mechanism for enforcing any trade...

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  • Ethics commissioner to probe Prime Minister's Office over SNC-Lavalin scandal
Ethics commissioner to probe Prime Minister's Office over SNC-Lavalin scandal

The Globe story claims that Wilson-Raybould resisted pressure to intervene with the Public Prosecution Service's decision to proceed with a trial. Prime Minister Justin Trudeau said Monday he welcomed an investigation by Canada's ethics commissioner into allegations officials in his office had tried to pressure then-attorney general Jody Wilson...

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  • Theresa May Promises U.K. Lawmakers Brexit Vote by February 27
Theresa May Promises U.K. Lawmakers Brexit Vote by February 27

She said the existing Political Declaration - the part of the Brexit deal setting out the goals for the future UK-EU relationship - "explicitly provides for the benefits of a customs union - no tariffs, fees, charges or quantitative restrictions across all sectors and no checks on rules of origin".

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  • National Pizza Day deals you don't want to miss out on
National Pizza Day deals you don't want to miss out on

On a first come, first serve basis, people ordering from Mulberry Street Pizzeria in-store or through Deliveroo today will get a bagelizza for free . Papa Murphy's: Sign up to receive offers by text or email and get 25% off when you order $20 or more of food online. How will you celebrate National Pizza Day? Pizza Hut : Any Large P...

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  • German watchdog orders crackdown on Facebook's data gathering
German watchdog orders crackdown on Facebook's data gathering

The German Federal Cartel Office has ruled that Facebook is abusing its market power . Facebook would only be allowed to assign data from WhatsApp or Instagram to its main Facebook app accounts with voluntary consent from its users.

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  • JLR faces operating loss this fiscal year on muted demand in China
JLR faces operating loss this fiscal year on muted demand in China

Net loss was 270 billion rupees ($3.8 billion) in the three months through December, overtaking the hit reported by Indian Oil Corp.in 2012. Sales in North America were up 13.2 per cent but China was down 39.8 per cent and Europe also slipped by 5.7 per cent amid slowing economic growth and continuing diesel uncertainty.

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  • Twitter Shares Tank Despite Big Revenue and Profit Gains
Twitter Shares Tank Despite Big Revenue and Profit Gains

Shares moved lower in the premarket as the company's first-quarter revenue outlook is lower than Wall Street forecasts. Well, kind of - the markets didn't care for Twitter's revisionist framing and sent shares in the company down 6% .

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  • German Government Said to Rule Out Huawei Ban in 5G Expansion
German Government Said to Rule Out Huawei Ban in 5G Expansion

Huawei continues to deny allegations, believing its track record across 170 countries supersedes the lack of evidence. The United States froze Huawei out of its network infrastructure a year ago, claiming that the company was adding backdoor access on behalf of the Chinese government.

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  • Amazon may be rethinking plans for New York City headquarters
Amazon may be rethinking plans for New York City headquarters

The report , which cited unnamed sources, said Amazon executives have had discussions recently to rethink the company's plans for ny and consider alternatives. Congresswoman Alexandria Ocasio-Cortez commented on the report via Twitter and said, "Can everyday people come together and effectively organize against creeping overreach of one of t...

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  • Jeff Bezos publishes National Enquirer extortion emails
Jeff Bezos publishes National Enquirer extortion emails

Bezos says in the AMI letters he is publishing, which follows his own narrative, readers will see "the precise details of their extortionate proposal: They will publish the personal photos unless Gavin de Becker and I make the specific false public statement to the press that we 'have no knowledge or basis for suggesting that AMI's coverage was ...

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  • U.S. oil prices edge up as market eyes tighter supply
U.S. oil prices edge up as market eyes tighter supply

Oil edged lower on Wednesday after a report showed a rise in USA crude inventories, countering expectations of a tightening market in 2019 due to OPEC-led supply cuts and US sanctions on Venezuela. Short-term, the market is getting a boost from USA sanctions on Venezuelan oil exports. Riyadh told OPEC that the kingdom pumped 10.24 million bpd ...

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  • RBI Policy: MPC cuts repo rate by 25 basis points to 6.25%
RBI Policy: MPC cuts repo rate by 25 basis points to 6.25%

In its Febriary 5 report, news agency Reuters had said a softer stance would bode well for Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May. The NSE index was up 0.04 percent at 11068.05 while the 10-year benchmark government bond yield fell to 7.51 percent from Wednesday's clo...

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  • OPEC's oil exports to US fell to five-year low in January
OPEC's oil exports to US fell to five-year low in January

Inventories of winter fuel in the US fell more than expected last week as cold polar air blasted the nation, though crude stockpiles rose amid record output, according to the Energy Information Administration. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead a delegation to Beijing next week to lay the g...

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  • China trade war: United Nations warns of 'massive' impact of tariff hike
China trade war: United Nations warns of 'massive' impact of tariff hike

Countries that are expected to benefit the most from the trade war are European Union members; the United Nations study indicates that exports in the bloc are likely to grow by $70 billion. The study indicates that European Union exports are those likely to increase the most, capturing about $70 billion of US-China bilateral trade ($50 billion of...

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  • GM Will Start Laying Off More Than 4,000 Workers on Monday
GM Will Start Laying Off More Than 4,000 Workers on Monday

Many of GM's hourly workers in the United States and Canada have held protests and prayer vigils in a campaign to persuade the automaker to reverse its November 26 GM announcement to indefinitely idle five plants in North America. Some other small salaried layoffs previously took place. Michigan - Detroit/Hamtramck Assembly: Manufacturing plant f...

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  • Ryanair sees fares falling further; O'Leary to stay on
Ryanair sees fares falling further; O'Leary to stay on

The announcements came today as part of Ryanair's Q3 results, which showed revenue up 9 per cent to €1.53bn but a net loss of €20m, excluding Laudamotion. In another change, US billionaire David Bonderman, who has served as chairman for more than two decades, will leave his post until summer 2020 before being replaced by Stan McCarthy, the former...

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