• China trade surplus with United States hits record $29bn high
China trade surplus with United States hits record $29bn high

Treasury Department's financial emissary to China during the Obama administration. Those duties, in turn, were a response to new tariffs the United States had imposed on China. The US is now anxious about China's rising technological prowess. But countries like South Korea, Singapore and Taiwan could all be affected too because of disruption to sup...

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  • 'Nasty' Number 10 beats Boris Johnson to his own resignation
'Nasty' Number 10 beats Boris Johnson to his own resignation

The ambassador said that while a meeting was not now on Mr Trump's itinerary "the President makes his own schedule", the day after the American leader said he may make time to meet his "friend" the former foreign secretary. The pound gave up recent gains during Asian trading after Davis's unexpected resignation as Brexit secretary over what he desc...

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  • Comcast is expected to raise its offer for Sky
Comcast is expected to raise its offer for Sky

Comcast faces a deadline of Friday to put its offer to Sky shareholders. While Fox has agreed to sell most of its assets to Disney , Comcast has also made an all-cash offer for the Fox assets separate to its offer for Sky. "We welcome this increased offer", Martin Gilbert, deputy chairman of Sky, said in an emailed statement . The Departmen...

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  • Iranian OPEC Minister Begs Trump To Stop Tweeting
Iranian OPEC Minister Begs Trump To Stop Tweeting

The oil boss also accused Trump of fomenting tensions in the Middle East, specifically by pitting Iran against Saudi Arabia . Responding to Trump's demands, Ardebili argued that the U.S.is to blame for imposing sanctions on OPEC members.

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  • Pizza to toilet paper: The items targeted by Canada’s tariffs
Pizza to toilet paper: The items targeted by Canada’s tariffs

USA steel and aluminum tariffs have also been levied against Mexico, China, Turkey, India and the European Union. Canada's retaliatory tariffs on USA goods do nothing to help Canada and will only hurt American workers, White House spokeswoman Sarah Sanders said Monday.

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  • Wal-Mart draws fire for 'Impeach 45' T-shirts
Wal-Mart draws fire for 'Impeach 45' T-shirts

Shirt-maker Old Glory says it sold thousands on Tuesday alone, but more pro-Trump items sell than anti-Trump ones, company says. The hashtag #BoycottWalmart was among the top-trending topics in the United States on the social media site, racking up more than 50,000 tweets by mid-afternoon.

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  • Trump claims Saudi Arabia agreed to oil production hike, Riyadh doesn’t confirm
Trump claims Saudi Arabia agreed to oil production hike, Riyadh doesn’t confirm

Meanwhile, UK-based energy consultancy group, Fact Global Energy (FGE), reported in its June newsletter that Washington is determined to "push Iran's exports to zero". Other Indian companies have yet to announce whether or not they are reducing their imports, and Iranian oil manufacturers might be waiting for any developments coming from the coun...

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  • GM WARNS: Trump’s tariffs ‘undermine our ability to compete’
GM WARNS: Trump’s tariffs ‘undermine our ability to compete’

Trump launched an investigation into imported vehicles in May, and repeatedly threatened to impose a 20 percent import tariff on vehicles. Washington-based trade group The Association of Global Automakers, which represents automakers from outside the USA, says Trump's tariffs are "the greatest threat to the US automotive industry at this time ...

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  • Norwegian crew member who went overboard found 22 hours later
Norwegian crew member who went overboard found 22 hours later

On Sunday, crew and guests aboard another cruise ship, the Carnival Glory , saw him in the water and saved him. 'Kudos to the Carnival Glory team for this incredible effort to rescue a fellow seafarer'. "We did do a search pattern for about two hours, and then they turned back around 9 p.m.", said Schellenberger. An HC-144 Ocean Sentry pla...

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  • Supreme Court ruling may boost Virginia tax income by $300M
Supreme Court ruling may boost Virginia tax income by $300M

That earlier ruling placed the responsibility of paying the online sales tax on customers who generally did not realize they owed it. The new tax revenue from cigarettes, oil and gas would fund House Bill 1023XX which allows for teacher pay raises in the first place.

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  • Germany pockets 2.9 bn euros from Greece bailouts
Germany pockets 2.9 bn euros from Greece bailouts

The ministers were under pressure to finalize a deal that would allow Greece to safely emerge from the bailout program on August 20 and face the markets again. However, Tzanakopoulos said there was no truth in speculation that this deal was tied in any way to Greek debt relief. "The Greek crisis ends here tonight", said EU Economic Affairs Commis...

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  • Erdogan Wins, Stays in Power As Turkey's President
Erdogan Wins, Stays in Power As Turkey's President

Supporters of Turkish President Recep Tayyip Erdogan celebrate after the close of voting for the Turkish presidential and parliamentary elections in Istanbul . The president is facing a more robust and united opposition this time, one that has vowed to return Turkey to a parliamentary democracy with strong checks and balances and decried what it ...

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  • Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen
Cryptocurrencies Fall as Korean Exchange Says $32 Million of Coins Stolen

This is the second time Bithumb got hacked in last one year and the second consecutive hack in last one week in the Korean exchanges . Well, it isn't the first time South Korea exchanges faced a hack. The earlier hack had coincided with other related negative news about price manipulation and regulations. "All deposit and withdrawal service ...

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  • China trade war fears hit global stock markets hard
China trade war fears hit global stock markets hard

Beijing has offered to narrow its politically volatile trade surplus with the United States but has resisted changing development plans its leaders see as a path to prosperity and to restoring China's rightful role as a global leader. The United States had already announced it will impose 25 percent tariffs on $50 billion in Chinese goods beginni...

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  • Disney boosts Fox bid to $71.3 bn to counter Comcast
Disney boosts Fox bid to $71.3 bn to counter Comcast

Spokesmen for Fox and Comcast weren't immediately available for comment. The move comes after Comcast launched a rival offer for most of Fox's film and television holdings. If Fox were to start negotiations with Comcast, that could impact plans for shareholders to vote on the Disney deal next month. Comcast's current $65-billion cash offer fo...

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