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Trade Representative Robert Lighthizer has expressed hope for a breakthrough in the coming days, .in efforts to rework NAFTA". Raymond Bachand, an ex-Quebec finance minister, said "there is no worry whatsoever" the current one-on-one talks between the United States and Mexico will end in a trade deal signed without Canada.
  • Google staff protest over China search engine plans

    Google staff protest over China search engine plans

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    More than 1,000 Google employees protested the tech giant's secretive plans to build a search engine for China that would abide by the government's strict censorship laws. Company executives have not commented publicly on Dragonfly , and their remarks at the company-wide meeting marked their first about the project since details about it were leaked.
  • United States threatens more sanctions on Turkey over detained pastor

    United States threatens more sanctions on Turkey over detained pastor

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    Pastor Andrew Brunson, who has lived in Turkey for more than two decades, was detained in 2016 after a government crackdown following a failed coup attempt . Turkish President Tayyip Erdogan announced yesterday that the country would boycott all electronics from the USA amid tension and rising conflict between the two countries and its leaders.
  • Grappling with tweet aftermath, Musk acknowledges exhaustion

    Grappling with tweet aftermath, Musk acknowledges exhaustion

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    At Tesla , those employees were part of a group that spied on employees' personal cell-phone communications and hid from shareholders a theft of raw materials and a drug trafficking ring at the company's battery factory in Nevada, Karl Hansen, a former member of Tesla's security team, alleged in the tip, according to a statement put out Thursday by his lawyer .
  • Turkish lira firms despite US warning of more sanctions

    Turkish lira firms despite US warning of more sanctions

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    Erdogan has moved to shore up alliances in Europe and the Middle East, easing pressure on the battered lira, as the standoff with the USA has deepened. The Trump administration has threatened more sanctions if Turkey does not release Brunson. The decree, which was signed by President Erdogan, raised tariffs by 140 percent on alcoholic beverages, by 120 percent on passenger cars, and by 60 percent on tobacco.
  • China blasts US solar tariffs, takes WTO action

    China blasts US solar tariffs, takes WTO action

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    The duties also apply to imports of solar cells and modules from Europe, Canada, Mexico and South Korea. In part to press Ankara to release U.S. Evangelical pastor Andrew Brundson, Trump raised tariffs on Turkish steel to 50 percent, and aluminum duties to 20 percent.
  • Why Italian bridge collapse was ‘a tragedy waiting to happen’

    Why Italian bridge collapse was ‘a tragedy waiting to happen’

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    In the valley below the shattered structure, cranes moved away chunks of debris on Thursday as rescue teams searched for survivors under the rubble of a bridge completed in 1967 and overhauled just two years ago. The government has rounded on Autostrade, saying it could revoke its concession as it had failed to ensure the viaduct's safety, though investigators have yet to identify the exact cause of the collapse.
  • Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

    Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

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    A Turkish court also rejected the American pastor's appeal to be released from house arrest and have his travel ban lifted. The same day, the country's government announced that it would hit US imports with a new round of tariffs. 'If (the United States ) have the iPhone, there's Samsung on the other side, ' he said, referring to usa giant Apple's iconic phone and the top South Korean brand.
  • Dollar hovers near 13-month peak on concerns over lira

    Dollar hovers near 13-month peak on concerns over lira

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    In an interview with CNBC on Thursday, White House economic adviser Larry Kudlow said the strong dollar indicated global confidence in the US economy. "With China being the engine of global economic growth, if you start to see their currency weaken significantly because of the slowdown we're seeing there and you start to see the dollar meaningfully increase, there could become a point where there's a liquidity issue globally", Roland added.
  • Bitcoins Remains Unconvincing But Hits Dominance Milestone Over The Weekend

    Bitcoins Remains Unconvincing But Hits Dominance Milestone Over The Weekend

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    Bitcoin's market dominance has spiked during the recent bear market and now represents 56% of the AltDex 100 Index ( ALT100 ), a benchmark index for large-cap cryptocurrencies and tokens. the potential for an [exchange-traded fund] is causing investors to decide that bitcoin is the best house in a tough market". Also, the price of EOS is below the 12-day EMA and the 26-day EMA which indicates that the price of EOS is falling.
  • Turkish lira trades below 6.0 against the dollar

    Turkish lira trades below 6.0 against the dollar

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    Tariffs were also doubled on goods such as cosmetics, rice and coal. "This is regrettable and a step in the wrong direction". The move by Turkey's Gulf ally offered further support to a lira rally after the Turkish central bank tightened liquidity and curbed selling of the currency.
  • Oil rises as China, US set for trade talks

    Oil rises as China, US set for trade talks

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    China's Commerce Ministry said Thursday that a vice minister will travel to the U.S.at an unspecified date, at the invitation of the Treasury Department, to discuss trade issues. Four U.S. and Chinese sources in the business community said they had low expectations for the talks, particularly if officials from USTR were not involved.
  • UK jobless rate down to new 43-year-low

    UK jobless rate down to new 43-year-low

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    The unemployment rate falling to 4.0 percent in the April-June period, marks the lowest rate in the United Kingdom since February 1975, beating economists' forecasts for it to hold steady at a previous low of 4.2 percent. Pay growth excluding bonuses was up 2.7%, the slowest rate since January. It also said the number of people aged from 16 to 64 years who were not working, or looking for work, or available to work - what is known as "economically inactive" - increased by 77,000 from the ...
  • Constellation Invests Additional $4B in Pot Grower

    Constellation Invests Additional $4B in Pot Grower

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    Molson Coors Brewing Co. has started a joint venture with Hydropothecary Corp.to develop nonalcoholic, cannabis-infused beverages for the Canadian market. Canopy stock surged 33 per cent following the agreement's announcement on Wednesday. But in the coming years, Canopy's competition will be the likes of "big pharma", and "packaged beverage", rather than Canadian cannabis companies, Linton told analysts on a conference call Wednesday.
  • Russian FM accuses United States of attempts to impede Astana process for Syria

    Russian FM accuses United States of attempts to impede Astana process for Syria

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    At the weekend, Turkish President Recep Tayyip Erdogan said that Ankara was preparing to switch to using national currencies with its trading partners, such as China, Russia, Iran and Ukraine. Russia's Foreign Ministry said on Monday that a four-way Syria summit "is planned in the upcoming future", with the leaders of Russia, France, Turkey and Germany attending.
  • Turkey hits back at US with tariff hikes on key products

    Turkey hits back at US with tariff hikes on key products

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    The ringgit tumbled yesterday to an eight-month low against the U.S. dollar as the currency crisis in Turkey continued to spook emerging markets (EMs), and the local currency is expected to remain under pressure with many economists predicting that it will fall further in 2018.
  • Wall Street recovers on ebbing concerns

    Wall Street recovers on ebbing concerns

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    But they said the USA tariff hike on Turkish steel at a time of "considerable stress" tells emerging economies not to expect Washington's help to calm their markets. Lowe's gained 1.3 percent to $98.40. The tariff-sensitive industrial sector .SPLRCI slipped 0.5 percent, with Caterpillar Inc and Boeing Co weighing on the Dow.