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Jerome Powell privately promises Fed’s independence amid Trump’s public attacks

Jerome Powell privately promises Fed’s independence amid Trump’s public attacks

Donald Trump has criticised the US Fed chief for raising interest rates. In the Reuters interview, Trump said the Fed should be more accommodating on interest rates. Since Trump took office, th...

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U.S. imposes tariffs on another $16bn of Chinese goods

China's state media has taken aim at Apple in recent weeks, accusing the USA titan of allowing illegal apps to proliferate on its platform. "If you raise prices, you're never going to say it's because...

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Trump's lawyer pleads guilty to fraud, implicates president

Trump's lawyer pleads guilty to fraud, implicates president

Trump said he felt "very badly" for Paul Manafort , and a "sad thing that happened", describing him as a "great man". U.S. President Donald Trump lashed out at Michael Cohen on Wednesday after...

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Your next Pixel phone will feature wireless charging

Your next Pixel phone will feature wireless charging

Out of the two, the first picture shows the front side of the Pixel 3 XL and, yet again we are seeing a large notch alongside two front-facing cameras. Google Pixel 3 is one of the most highly-anti...

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Zuma wants to ‘meaningfully participate’ in state capture inquiry

Zuma wants to ‘meaningfully participate’ in state capture inquiry

Although the inquiry does not have powers to arrest or prosecute, it can refer matters for possible criminal investigation. Mentor added that the first witness at the inquiry would take the stand th...

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United Kingdom outlines contingency plan in event of 'no-deal' Brexit

United Kingdom outlines contingency plan in event of 'no-deal' Brexit

Credit rating agency Fitch scales back its expectations of the United Kingdom reaching an orderly transition deal with the European Union on Brexit, warning that "an acrimonious and disruptive no-deal...

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Liberal leadership crisis: what happens next?

Liberal leadership crisis: what happens next?

Mr Turnbull won the party-room vote 48-35 but the narrow margin of the victory made another challenge nearly certain in a country that has earned a reputation for a revolving door of political leaders...

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Bull market in stocks poised to set record for longest ever

Bull market in stocks poised to set record for longest ever

While some financial analysts believe the healthy bull market could stretch years into the future, other experts are more cautious in their outlook. That makes it the longest "bull market" since Wor...

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On Fox News, Trump says hush money was ‘not a campaign violation’

On Fox News, Trump says hush money was ‘not a campaign violation’

One tweet specifically referenced the trial of Paul Manafort , Trump's former campaign chairman, who was convicted of eight financial crimes on Wednesday in a case stemming from the Russian Federat...

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US President Trump takes aim at Federal Reserve for rates hike

US President Trump takes aim at Federal Reserve for rates hike

Trump told Reuters that he was "not thrilled " with Powell, who he appointed to lead the Fed and that the bank should do "what's good for the country" by holding off on rate hikes. The benchma...

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Ex-Trump lawyer pleads guilty in deal with prosecutors

Ex-Trump lawyer pleads guilty in deal with prosecutors

The other for $150 000 related to former Playboy model Karen McDougal . Regardless, this is still bad news for Trump, as we will soon be able to say "the president's former fixer, who pleaded gu...

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Tayyip Erdogan invokes patriotism, Islam as lira remains under pressure

Tayyip Erdogan invokes patriotism, Islam as lira remains under pressure

His remarks came in response to a recent currency sell-off that has spread to other emerging market currencies and global stocks. It sunk to a low of well over seven to the dollar earlier this week ...

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Iran says France's Total has officially left South Pars deal

Iran says France's Total has officially left South Pars deal

Oil Minister Bijan Namdar Zangeneh was quoted by state television on August 20 as saying Total had officially "left the contract to develop the South Pars Gas project". But the accord was abandoned ...

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The rand climbs as dollar hit by Trump Fed comments

The rand climbs as dollar hit by Trump Fed comments

Trump also said China was manipulating its yuan currency to make up for having to pay tariffs on imports imposed by Washington. Trump since July has repeatedly criticised the Fed , an independent...

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USA sanctions Russian firms that transferred oil products to North Korean ships

USA sanctions Russian firms that transferred oil products to North Korean ships

However, whether he can persuade Europe to continue that journey is another matter. This month the US State Department accused Russian Federation of violating worldwide law and it will impose more s...

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Trump's rant on interest rate rises depresses dollar

Last month he allowed as how he wasn't "thrilled" about the interest rate hikes the Fed was undertaking under the stewardship of his appointee Jerome Powell, but said "I'm letting them do what t...

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Contact lenses end up in the ocean endangering sealife

To understand how lenses break down in sewage, Rolsky and his colleagues placed the corrective lenses in wastewater treatment tanks filled with hungry microorganisms. Rain could wash lenses into river...

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Whiteboards used as Gatwick flight info screens fail

Whiteboards used as Gatwick flight info screens fail

A Gatwick spokesperson told Sky News that only "a handful " of people have ended up missing their flights. Some people have missed flights in the confusion as passengers crowded around boards fil...

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PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

Monday's sale looks to inject another big tax payout to Israel following previous the sales of Israeli companies such as the mobile navigation app Waze, which was acquired by Google for about $1 billi...

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Elon Musk Tesla New York Times Interview

Elon Musk Tesla New York Times Interview

The newspaper said Musk alternated between laughter and tears during the interview in which he said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. Musk raise...

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Genoa's mourners turn their rage on parading politicians

Genoa's mourners turn their rage on parading politicians

The death toll in the Genoa, Italy bridge collapse rose to 42 on Saturday, as four more bodies were found. At just after 0800 (0600 GMT) the Italian fire service announced that they had found t...

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It will be tough for Trump's SEC to overhaul reporting rules

It will be tough for Trump's SEC to overhaul reporting rules

Currently, all publicly traded companies in the USA must file reports with the SEC four times a year, every three months. The President has highlighted a key consideration for American companies...

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Watchdog subpoenas Tesla over Musk go-private tweet

Watchdog subpoenas Tesla over Musk go-private tweet

According to The Wall Street Journal , the subpoena demands information from each of Tesla's nine directors. Musk routinely uses Twitter to spar with short sellers who are betting against Tesla shar...

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Tesla's Investors Make the Company. They May Also Ruin Its CEO

Tesla's Investors Make the Company. They May Also Ruin Its CEO

The founder of the electric auto manufacturer, who oversees other ambitious companies like SpaceX and The Boring Company , spoke of the deterioration in his physical health and the overwork which a...

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Bitcoin and Ether Lose Ground and Tim Draper Keeps the Faith

Bitcoin and Ether Lose Ground and Tim Draper Keeps the Faith

Bitcoin Cash (CURRENCY: BCH ) traded down 4.1% against the United States dollar during the one day period ending at 19:00 PM Eastern on August 7th. The top 100 cryptocurrencies by market capitaliza...

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Will Qatar's billions save the Turkish lira from collapsing?

Will Qatar's billions save the Turkish lira from collapsing?

President Trump says American Pastor Andrew Brunson is being held on a "phony charge" and should have been returned to the U.S. Upholding a lower court's decision earlier this week , the higher ...

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Turkey will respond if USA imposes more sanctions: Minister

Turkey will respond if USA imposes more sanctions: Minister

Dashing hopes for a quick solution to the dispute, a Turkish court on Friday rejected an appeal for the evangelical pastor's release from house detention. Standard & Poor's is scheduled to release a...

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Google workers protest secretive, censored China project

Google workers protest secretive, censored China project

Pichai also addressed the controversy surrounding the secrecy of the project, BuzzFeed News reported late on Thursday. "If we were to do our mission well, we are to think seriously about how to do...

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US Threatens Further Turkey Sanctions if Pastor Not Freed Soon

US Threatens Further Turkey Sanctions if Pastor Not Freed Soon

He says the USA will pay nothing for his return, because he is innocent and indicated the pressure on Turkey will continue. But Washington's move has sent Turkey's financial markets into a tails...

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Turkey's lira is rallying after a $15 billion loan from Qatar

A high court in Izmir said on Friday Brunson would stay under house arrest , upholding a decision taken by a lower court earlier this week. The United States will take further action against Tu...

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China Files WTO Complaint over U.S. Solar Tariffs

China Files WTO Complaint over U.S. Solar Tariffs

The Commerce Ministry said Wednesday the 30 percent tariffs announced in January violate WTO rules and improperly help US producers. Despite Trump's praise, The Journal notes that, though some some ...

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Turkey has more to ‘lose’ in Apple boycott

Turkey has more to ‘lose’ in Apple boycott

Last week, Trump announced on Twitter that he had green-lit a doubling of steel and aluminum tariffs on Turkey, and warned that USA relations with Turkey "are not good at this time!" This has ...

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Qatar to aid Turkey, lira rallies, U.S. rejects lifting tariffs

Qatar to aid Turkey, lira rallies, U.S. rejects lifting tariffs

A Turkish court also rejected the American pastor's appeal to be released from house arrest and have his travel ban lifted. These increases affect a list of more than 20 goods , which Ankara fi...

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Turkish finance chief tries to reassure investors on crisis

Turkish finance chief tries to reassure investors on crisis

The U.S. media said the decision was related to the current state of Turkish-American relations and the Brunson case. Turkey on Wednesday said it was hiking tariffs on imports of several key Un...

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China’s Vice Commerce Minister to visit United States for trade talks

China’s Vice Commerce Minister to visit United States for trade talks

Having made little progress in the previous meetings, the White House said on August 3 that the United States is open to further talks with China on how to resolve the festering trade dispute. crude p...

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Qatar pledges $15 billion to invest in Turkey

Qatar pledges $15 billion to invest in Turkey

Turkey announced earlier to slap tariffs on American goods. Turkish Airlines and Turk Telekom have said they will halt advertising in U.S. media. U.S. As for the Turkish economy and its currency, ...

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China's Tencent 2Q profit falls 2%, first decline in almost 13 years

China's Tencent 2Q profit falls 2%, first decline in almost 13 years

The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan ($2.6 billion), a decline of 2% compared to the same period past year. The very gov...

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Qatar promises $15B investment in Turkey - presidency

Qatar promises $15B investment in Turkey - presidency

Tariffs on American cars doubled to 120 percent while tariffs on alcoholic drinks increased to 140 percent. Ankara has imposed additional tariffs on USA products, including rice, cars, alcohol, co...

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Turkey issues retaliatory tariffs on USA imports

Turkey issues retaliatory tariffs on USA imports

The punitive steps come after Erdogan called on Turks to boycott American electronics, like the iPhone, which have in any case become a lot more expensive as the lira lost nearly 40 per cent of its va...

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United Kingdom inflation RISES for first time in 2018 - ‘Cost of living SQUEEZE’

United Kingdom inflation RISES for first time in 2018 - ‘Cost of living SQUEEZE’

The Consumer Prices Index including owner-occupiers' housing costs (CPIH) - the ONS' preferred measure of inflation - was unchanged at 2.3pc in July. Mike Scott, chief property analyst at Yopa, said...

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