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On Friday, the US announced additional tariffs of 25 per cent on Chinese imports worth approximately Dollars 50 billion. China's retaliation list was increased more than six-fold from a version released in April, but the value was kept at $50 billion, as some high-value items such as commercial aircraft were deleted.
  • Kellogg recalls Honey Smacks cereal for possible Salmonella

    Kellogg recalls Honey Smacks cereal for possible Salmonella

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    There have been no deaths reported so far. Of those 73, 24 are known to be hospitalized. The recall involves Kellogg's Honey Smacks cereal with the best if used by dates of June 14, 2018 through June 14, 2019. Most people infected with salmonella develop diarrhea, fever and abdominal cramps within 12 to 72 hours of being exposed to the bacteria. Kellogg says consumers should discard the affected products and contact them for a full refund at 1-800-962-1413 or on the Kellog's website .
  • McDonald's will sell paper straws in every restaurant in the UK

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    Only about 1% of plastic straws are recycled, and, due to their combination polypropylene-polystyrene makeup, they can take hundreds of years to decompose. Many end up in landfill and the oceans, and the BBC's Blue Planet II highlighted the damage plastic can cause to marine wildlife. Plastic straws enable many disabled people to drink independently , Baroness Tanni Grey-Thompson said.
  • Trump approves plan to impose tough China tariffs

    Trump approves plan to impose tough China tariffs

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    Interested in China? Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. China has pledged that any tariffs will void progress made in recent trade talks between Beijing and Washington , and has drawn up its own list of $50 billion in USA goods to target.
  • Saudi Arabia Drives Rise in OPEC Oil Output

    Saudi Arabia Drives Rise in OPEC Oil Output

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    What's at the root of the rise in oil prices? The basic supply and demand situation warrants that. He tackled the subject in a recent posting on EconoFact , published by the Edward R. Total volume traded was about 17% below the 100-day average. OPEC kept its global demand expectations steady. What is the economic impact of that rise in oil prices on both the US and global economies? But households spend less on gasoline as a share of their income than they did in the early 1980s, when it ...
  • Minimum-Wage Earners Can't Afford 2-Bedroom Rentals in U.S.

    Minimum-Wage Earners Can't Afford 2-Bedroom Rentals in U.S.

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    Here's a breakdown of the report . As CityLab's analysis of the report notes, "NLIHC estimates that the average renter's hourly wage in the United States is $16.88". The disparity is starkest in major metropolitan areas. "This new national report confirms what we all know: Hawai'i is facing the worst affordable housing crisis in the country", said Gavin Thornton, co-director of the Hawai'i Appleseed Center for Law and Economic Justice.
  • Elon Musk's Boring Co to build high-speed commuter system in Chicago

    Elon Musk's Boring Co to build high-speed commuter system in Chicago

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    The system will include 16-passenger vehicles called "skates" that will travel up to 150 mph (240 km per hour) through a tunnel . Once it's completed, the loop will be able to travel between the airport and downtown Chicago in about 12 minutes, which is "three to four times faster than existing transportation systems" between the two locations.
  • Dennis Rodman gets emotional discussing Trump and Kim

    Dennis Rodman gets emotional discussing Trump and Kim

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    President Donald Trump with North Korea leader Kim Jong Un on Tuesday during their first meetings at the Capella hotel on Sentosa island in Singapore . "What North Korea has gained, however, is tangible and lasting". Today, the NBA Hall of Famer is making headlines for a freakish, emotionally-charged interview on CNN in which the man formerly known as "The Worm" weeped with joy while discussing the highly-publicized Trump-Kim Summit.
  • Record bitcoin price propped up by another digital currency

    Record bitcoin price propped up by another digital currency

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    They analyzed publicly available blockchain transaction records and found that there was a pattern of Tether being used to buy bitcoin at certain moments, typically following price drops. However, the currency may have had another shady goal; large amounts of Tether were also used buy Bitcoin, which propped up its value, the researchers claim.
  • Production of new iPhones will by 20%

    Production of new iPhones will by 20%

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    On the back, three cutouts can be seen suggesting three camera lenses similar to what Huawei introduced with the P20 Pro. However, Kelly adds that the flash will hang out on the side of the triple camera module so it's anyone's guess at the moment.
  • Federal Reserve raises interest rates

    Federal Reserve raises interest rates

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    In its statement the central bank said that "economic activity has been rising at a solid rate". The Federal Reserve announced it will raise interest rates a quarter percentage point on Wednesday, and signaled that it could raise interest rates at least twice more this year .
  • Fed raises rates, Powell talks future plans

    Fed raises rates, Powell talks future plans

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    The US economy continues to strengthen, the Fed indicated, and it no longer needs the historically low interest rates that were put in place in the aftermath of the financial crisis to stimulate growth. Inflation, which has been mysteriously low during the long economic recovery, has finally passed 2%, the level the Fed considers healthy. And their rate increases are addressing the "perceived threat of inflation", not an immediate inflation problem, he said.
  • Donald Trump reignites Opec spat over 'too high' oil prices

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    Crude inventories fell by 4.1 million barrels in the week to June 8, exceeding analysts' expectations for a decrease of 2.7 million barrels. United States President Donald Trump on Wednesday accused the Organization of Petroleum Exporting Countries (Opec) of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production.
  • Uber driver who booted 2 kissing women has license suspended

    Uber driver who booted 2 kissing women has license suspended

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    A video one of the women took of the incident shows the driver claiming that the kiss was "illegal" and telling them to get out of his vehicle. "She thought he was joking". I didn't feel comfortable with them", he told the newspaper, adding that he asked the couple to stop kissing. "Uber does not tolerate any form of discrimination, and we have reached out to the rider regarding her experience", Uber spokeswoman Susan Hendrick said.
  • Sanders thanks Rodman for being 'helpful' in North Korea

    Sanders thanks Rodman for being 'helpful' in North Korea

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    Donald Trump dropped a bombshell about ending "war games" with South Korea at the press conference. Rodman says he tried to deliver the message to Obama , but was met with rejection. "That is to say, it should be solved through dialogue, through peaceful means", Chinese state councillor and foreign minister Wang Yi said soon after Trump and Kim began their meeting .
  • Emissions cheat declared in 774K Mercedes-Benz vehicles

    Emissions cheat declared in 774K Mercedes-Benz vehicles

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    The recall will involve updating the engine control software in Mercedes-Benz C-Class models, as well as its GLC crossover SUV (seen here) and Vito van , a model not sold in North America. Mercedes-Benz NZ had no comment to make on the German recall. "Open legal questions will be clarified in the objection proceedings". "Regulatory limits for NOx emissions are also breached by a significant margin when tested in conditions even slightly divergent from those prescribed in the European ...