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Some business leaders have spoken against Brexit , saying that, depending on the terms of the final deal, they may draw down or completely move their companies from the country. "The time for the required actions to be taken is reducing", said the EBA statement, which comes days ahead of a European Council meeting which is set to express concern about the lack of progress being made in Brexit talks.
  • USA plans limits on Chinese investment in technology firms

    USA plans limits on Chinese investment in technology firms

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    Bloomberg reported Sunday Trump asked the Treasury to implement new measures against China back in March. The conflicting signals on trade policy from the Trump administration reflect deep divisions among policymakers over how hard to push China on demands for changes in trade, technology transfers, and industrial policies.
  • Trump 'surprised' by Harley-Davidson move to shift work

    Trump 'surprised' by Harley-Davidson move to shift work

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    These examples of job losses come amid promises from Donald Trump to save American jobs, casting doubt across the country about the effectiveness of Trump's tariff strategy for trade. Harley-Davidson did not immediately return a request for comment. "So thank you, Harley-Davidson, for building things in America", Trump said at the time.
  • China, Europe warn trade war could trigger global recession

    China, Europe warn trade war could trigger global recession

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    And let me agree that Chinese companies have been stealing United States companies' intellectual property and European farmers and other businesses have been afforded protection for cultural and political reasons, so there is an economic fairness reason behind the Trump method but with European and USA markets taking big hits overnight, this is getting serious.
  • Turkey's opposition concedes election defeat as Erdogan returns as president

    Turkey's opposition concedes election defeat as Erdogan returns as president

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    Unofficial results published by the state news agency showed the 64-year-old leader winning more than 50% of the vote - enough to avoid a runoff. Early Monday morning the Supreme Election Council announced Erdogan received the absolute majority in the presidential election with 53 percent of votes after 97.7 percent of ballots had been counted.
  • Harley-Davidson to shift some bike production outside US

    Harley-Davidson to shift some bike production outside US

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    Scott Walker says his goal when it comes to tariffs is to level the playing field to where there are few or any imposed on products made in the United States, including Harley-Davidson motorcycles. "To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for European Union destinations from the U.S.to its global facilities to avoid the tariff burden", the filing from the company reads.
  • Harley, stung by tariffs, shifts some production overseas

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    But he says the ultimate goal is the removal of all tariffs so "we don't have this tit for tat on any number of products out there". The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice.
  • Harley-Davidson to shift some production out of U.S. over European Union tariffs

    Harley-Davidson to shift some production out of U.S. over European Union tariffs

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    That's expected to add up to a burden of $90 million to $100 million annually, which Harley-Davidson will absorb rather than pass extra costs on to customers. European Commission Vice-President Jyrki Katainen said unilateral action by U.S. President Donald Trump in disputes over steel, China's technology policy and other issues highlighted the need to modernize the World Trade Organization to reflect developments in the world economy.
  • 'Remainers destroyed our mojo!' Lord attacks Remainers preventing a good Brexit deal

    'Remainers destroyed our mojo!' Lord attacks Remainers preventing a good Brexit deal

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    BMW board member Ian Robertson said the firm needed clarity on the UK's talks with the European Union by the end of summer. Signatories to the letter, organised by Economists for Free Trade (EFT) and released on Saturday, include the former chancellor Lord Lawson, ex-environment secretary Owen Paterson and one-time Wales secretary John Redwood, plus Wetherspoon boss Tim Martin and Sir Rocco Forte, chairman of Rocco Forte Hotels.
  • Germany made 2.9B euros from Greek debt crisis

    Germany made 2.9B euros from Greek debt crisis

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    He said soon after being elected that he would only wear one when Greece had settled its debt problems. "We believe that the adoption of the set of debt measures agreed by the Eurogroup (of eurozone finance ministers) will improve debt sustainability in the medium term", Mario Draghi said in a written statement.
  • You’re About to Pay Higher Online Taxes After Supreme Court Ruling

    You’re About to Pay Higher Online Taxes After Supreme Court Ruling

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    In a statement by Rauschenberger, there will be criteria businesses have to meet before they are required to collect sales tax for the state. It remains to be seen if the ruling has much of an effect on online sales. The case that triggered this new decision was South Dakota v. Wayfair , which was caused by the state's efforts to enforce a law allowing it to collect taxes on merchants that make over 200 transactions with state residents or draw in at least $100,000 in business annually.
  • Merkel downplays prospect of Brussels breakthrough on migration

    Merkel downplays prospect of Brussels breakthrough on migration

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    But they can not agree on how to share out those asylum seekers who make it. After an inconclusive election in September, it took Merkel months to form a coalition and secure a fourth term. They are considering setting up centers overseas to decide on asylum requests there and send back those whose cases fail. A day earlier in Jordan, another major refugee host country, Merkel promised a $100 million loan in addition to bilateral aid.
  • 9,000 bourbon barrels crash at U.S. distillery as under-repair wall collapses

    9,000 bourbon barrels crash at U.S. distillery as under-repair wall collapses

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    WLKY reported that water samples from the area have come back clean and the EPA is on scene. We are very happy that no one was injured in the incident. It could be days or weeks before the company fully assesses damage to the warehouse, built in the 1940s, she said. This will not affect bourbon production once the Distillery's summer shutdown time period ends as already planned.
  • Tesla Sues Former Employee for Hacking and Theft

    Tesla Sues Former Employee for Hacking and Theft

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    Tesla says ending the Home Depot partnership part of the company's larger effort to absorb SolarCity into its high-end brand and sell through 90 of its 109 retail stores and its website. Tripp said he was interrogated at work last week and fired over the phone Tuesday by a human-resources representative. It is by far the safest auto in the world for any midsize vehicle.
  • Eurozone creditors reach deal on Greek debt relief

    Eurozone creditors reach deal on Greek debt relief

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    Hoping to soothe concerns over Greece's debt sustainability, European creditors also pledged to provide further future debt relief tweaks "in the case of an unexpectedly more adverse scenario". "The Greek crisis ends here tonight", said EU Economic Affairs Commissioner Pierre Moscovici, after marathon talks in Luxembourg. Greece's political leadership warmly welcomed on Friday Eurogroup's "historic decision" on the Greek debt, which opens the way for the exit from the bailouts era this ...
  • Saudi prince Alwaleed driven by daughter as driving ban lifted

    Saudi prince Alwaleed driven by daughter as driving ban lifted

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    Women and their families began tweeting photos and videos of women driving and celebrating. Cinemas were reopened last month after almost 40 years. Abdul Latif Jameel Motors, which is the authorised distributor for Toyota cars in Saudi Arabia, said it had deployed nearly 100 female front-line staff in their showrooms to advise women who are looking for a new motor.