• Audi CEO arrested over fears of Dieselgate coverup
Audi CEO arrested over fears of Dieselgate coverup

The directors of Audi and Volkswagen discussed how to run its more profitable division without Stadler, but failed to come to a conclusion, the carmaker said late on Monday. But Dudenhoeffer said that may change, given the "very serious" allegations against him. Martin Winterkorn, former chief executive of Volkswagen , resigned after the aut...

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  • Watchdog Report Faults Comey as 'Insubordinate'
Watchdog Report Faults Comey as 'Insubordinate'

But a almost two-year investigation by the Justice Department's watchdog found no evidence that those private sentiments expressed by Strzok actually influenced his work. And how many decisions by American policymakers in 2016 and before or since have been affected by false intelligence deliberately planted to throw a monkey wrench into the wor...

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  • European Central Bank announces end of bond buys, sees rates stable until summer 2019
European Central Bank announces end of bond buys, sees rates stable until summer 2019

The euro briefly spiked to a one-month high of $1.1853 following the announcement. "With Draghi's term of office due to expire at the end of October 2019, we feel the ECB is unlikely to start increasing interest rates until the new ECB president is firmly in place", said David Zahn, head of European fixed income for Franklin Templeton.

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  • Bitcoin's record-high 2017 price was result of market manipulation, claims study
Bitcoin's record-high 2017 price was result of market manipulation, claims study

The report suggests that popular exchange Bitfinex , which created and sold Tether , may have used it to buy up Bitcoin and increase demand, thereby boosting its price. According to the researchers at the University of Texas, the cryptocurrency Tether was allegedly used by the Bitfinex exchange to support the price.

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  • Musk's The Boring Company wins bid for Chicago high-speed airport link
Musk's The Boring Company wins bid for Chicago high-speed airport link

Chicago has selected Elon Musk's Boring Co to build a $1 billion underground transit system that will whisk people from Chicago's downtown Loop district to O'Hare International Airport at 150 miles per hour (240 km per hour), the billionaire entrepreneur and Mayor Rahm Emanuel said on Thursday.

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  • US Fed raises interest rates, expects 2 more hikes this year
US Fed raises interest rates, expects 2 more hikes this year

Wednesday's action, which was widely expected , was the second Fed rate hike this year - and the seventh since it began boosting them in 2015. Projections released after the Fed's two-day meeting in Washington show policymakers expect the United States economy will grow 2.8% this year , while unemployment falls to 3.6%.

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  • Trump administration fails to block AT&T/Time Warner merger
Trump administration fails to block AT&T/Time Warner merger

A U.S. federal judge on Tuesday cleared the mega merger between AT&T and Time Warner in an antitrust case with potential far-reaching implications. The case has drawn attention from all sides including Sling TV's President Warren Schlichting, who testified against the merger.

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  • What's in the document that Kim and Trump signed?
What's in the document that Kim and Trump signed?

Australia's Foreign Minister Julie Bishop said Australia welcomed the summit outcome as "a step in the right direction". "Their handshake seems to be between peers", she said. Kim and Trump became the first leaders of their countries to ever come face to face. Kim's image would now be bolstered, critics said. "We're going to have a great di...

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  • Korea appreciates 'successful' summit between Trump, Kim Jong
Korea appreciates 'successful' summit between Trump, Kim Jong

The historic agreement came after the two leaders held several meetings throughout the day. The remarks contradicted countless previous declarations by US political and military officials over the years that the drills are routine, defensive and absolutely critical.

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  • Tesla’s ‘Autopilot’ is getting an upgrade
Tesla’s ‘Autopilot’ is getting an upgrade

Autopilot resources, he said, had so far "rightly focused entirely on safety". The Model X electric, sport-utility vehicle accelerated in the final seconds to about 71 miles an hour before the March 23 crash in Mountain View, Calif., according to a preliminary report from the National Transportation Safety Board.

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  • Tesla layoffs: Company cuts 9% of its staff
Tesla layoffs: Company cuts 9% of its staff

In the note, which he tweeted out after it was leaked to media outlets, Musk said that almost all of the cuts would be salaried positions, and that the production staff is largely unaffected. "Profit is obviously not what motivates us", Musk wrote. Tesla has said it has begun small-scale production of the roofing panels in Buffalo, but has never ...

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  • Trump immediately grumbled about the media to Kim Jong Un
Trump immediately grumbled about the media to Kim Jong Un

USA officials and the North Korean state news agency struck a hopeful tone as the meeting approached, while negotiators from both countries met privately in the last hours to iron out agreements, such as over the definition of denuclearisation and the terms under which Pyongyang might agree to dismantle its nuclear arsenal.

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  • The latest from Singapore: Trump predicts ‘terrific relationship’ with Kim
The latest from Singapore: Trump predicts ‘terrific relationship’ with Kim

If things fall apart, it could be because "Trump presents Kim with a hard-and-fast binary choice: relinquish nuclear weapons and live in peace and prosperity, or cling to them and risk the impoverishment of your people and the safety of your regime", Haas said.

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  • President Donald Trump and North Korea’s Kim Jong Un meet in Singapore
President Donald Trump and North Korea’s Kim Jong Un meet in Singapore

It will be the first ever meeting between a sitting US President and North Korean leader. Singaporean Prime Minister Lee Hsien Loong posted on his official Twitter account a picture of him shaking hands with Kim upon his arrival. But the danger of a potential collapse felt all the more real when a Pentagon spokesperson told reporters in lat...

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  • US President Trump arrives in Singapore for historic Trump-Kim summit
US President Trump arrives in Singapore for historic Trump-Kim summit

Trump has said he hopes to make a legacy-defining deal for the North to give up its nuclear weapons, though he has recently sought to minimize expectations, saying more than one meeting may be necessary. However, he took a U-turn soon and said the White House was proceeding with the preparations for the summit. He said the summit will lay the g...

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  • Global journalists prepare for Trump Kim summit in Singapore's media center
Global journalists prepare for Trump Kim summit in Singapore's media center

Led by Sung Kim , a longtime State Department diplomat who now serves as the US ambassador to the Philippines, the USA team had held at least five sessions with the Pyongyang delegation over the past two weeks at the demilitarized zone in Korea.

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  • BT chief Gavin Patterson to step down
BT chief Gavin Patterson to step down

Analysts at UBS said the fact that the board supported the strategy suggested no significant strategic changes. Analysts say Patterson shouldered the blame. Mr Patterson became managing director of BT's consumer division in 2004. Patterson, who has led BT since 2013, announced plans last month to cut 13,000 jobs as part of a restructuring created...

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  • China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban
China's ZTE Reportedly Strikes Preliminary Deal To Lift U.S. Ban

This settlement is in response to the U.S. Commerce Department's Bureau of Industry and Security (BIS) denial order that was imposed as a result of ZTE violating its March 2017 settlement agreement. According to the Hong Kong-based English-language daily, "The reprimand and forfeiture of bonuses were part of the original settlement that ZTE had rea...

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  • US Sought Saudi Oil Support before Iran Move
US Sought Saudi Oil Support before Iran Move

West Texas Intermediate for July delivery fell 46 cents to US$65.06 a barrel on the New York Mercantile Exchange as of 8.41am local time. Iran and Venezuela are now the two key oil supply concerns globally that supported the oil price rally in recent weeks, before Saudi Arabia and Russian Federation hinted at discussions that they were c...

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  • Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé
Kwesi Nyantakyi resigns as Ghana FA President after bribery exposé

Fifa has banned the president of Ghana's Football Association (GFA ) from football activities for 90 days. GFA's president Kwesi Nyantakyi was seen taking $65,000 in the documentary released on Wednesday. "I am yet to recover from the shock - It's a sad day for Ghana football and I believe there's an urgent need to clean up our football admin...

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