• NZ farmers dismayed at USA farm bailout as trade war deepens
NZ farmers dismayed at USA farm bailout as trade war deepens

The end result will be worth it!' His remarks effectively contradicted what Treasury Secretary Steven Mnuchin said during a House Financial Services Committee hearing on July 12: that negotiations with Beijing had "broken down". Lawmakers on both sides of the aisle aren't so sure about that roadmap. Trump and Xi met several times a year ago a...

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  • White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program
White House Admits Tariffs Are Hurting Farmers As It Plans Relief Program

Trump declared earlier Tuesday that 'Tariffs are the greatest!' and threatened to impose additional penalties on US trading partners as he prepared for Wednesday's negotiations with European officials at the White House . In a statement , Cramer welcomed the assistance package but offered a caveat: "At the end of the day we want trade not ai...

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  • Excitement grows over $522 million Mega Millions jackpot
Excitement grows over $522 million Mega Millions jackpot

The odds of winning the grand prize at the drawing tonight is 1 in 302 million. Individual lottery tickets cost $2 and can be purchased up until 7:45 p.m. All three states in our region - West Virginia, Ohio and Kentucky - participate in Mega Millions. But if you do win the jackpot and want your prize money in cash immediately, that amount won'...

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  • US announces billions to help farmers hurt by tariffs
US announces billions to help farmers hurt by tariffs

The $12 billion in funding will arrive through direct assistance, a food purchase and distribution program, and a trade promotion program, all paid for by USA taxpayers. Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for Trump's duties on Chinese goods as well as on steel and alumin...

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  • Trump tweets tariffs ‘are the greatest’ and threatens additional levies
Trump tweets tariffs ‘are the greatest’ and threatens additional levies

Trump had declared July 16-22 "Made in America Week", celebrating "craftsmen, innovators and producers". Trump has in recent months engaged in a multifront trade confrontation, imposing steep tariffs on steel, aluminium and tens of billions of dollars in Chinese goods, which sparked swift retaliation against key U.S.

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  • Google owner Alphabet's profits drop after $5bn fine but shares surge
Google owner Alphabet's profits drop after $5bn fine but shares surge

Government pressure to improve moderation of user-created content has forced Google to hire more analysts. Revenue was $32.7 billion, an increase of 26 percent over the same period a year ago. Thirteen analysts surveyed by Zacks expected revenue of $25.6 billion. Similarly, analysts don't expect European Union antitrust probes to force changes th...

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  • Asian shares dip, drama in Japanese bond market
Asian shares dip, drama in Japanese bond market

Silver was down 0.4 percent at $15.41 an ounce after last week's drop to its lowest since July previous year. Not only did Trump fuel a rally on Thursday by criticizing the Fed's monetary policy, but he also fueled a further rally on Friday after tweeting additional comments about the negative impact on the economy caused by the Fed's tightenin...

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  • Trump threatens tariffs on all US$505 billion of Chinese imports
Trump threatens tariffs on all US$505 billion of Chinese imports

The dispute between the world's two largest economies stems from accusations that China steals technology from USA companies or forces them to hand over technology to Chinese companies as well as differences over the US trade deficit with China.

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  • United States to receive American soldiers remains in coming weeks: Mike Pompeo
United States to receive American soldiers remains in coming weeks: Mike Pompeo

That meeting did not materialize. The Pentagon says 7,699 USA servicemen are missing from Korea, including about 5,300 believed to be in the North. Downes, 70, was 3½ when his father's B-26 Invader went down on January 13, 1952, northeast of Pyongyang, the North Korean capital.

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  • Trump ratchets up criticism of Fed interest rate rises
Trump ratchets up criticism of Fed interest rate rises

Trump in a tweet blamed poor soybean prices on "bad (terrible) Trade Deals" with USA trading partners in the past. "People can comment, including the president and other politicians", said Bullard, who does not have a vote on monetary policy this year but participates in committee discussions.

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  • Over 50 products cheaper as GST Council slashes rates
Over 50 products cheaper as GST Council slashes rates

Earlier, sanitary napkins were taxed at 12% which had attracted a lot of criticism. The council also approved a simplified return filing mechanism wherein all taxpayers, excluding small taxpayers, will now file one monthly return with two main tables - one for reporting outward supplies and one for availing input tax credit based on invoices up...

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  • Trump slams currency manipulation by Brussels & Beijing
Trump slams currency manipulation by Brussels & Beijing

In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500", referring roughly to the $505.5 billion in goods imported past year from China. Trump has so far focused on using tariffs to force China to change its trade practices. The US and China have already imposed tit-for-tat tariffs of $34bn on each other's goo...

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  • Oil Prices Rebound As Saudis Expect Reduced Exports In August
Oil Prices Rebound As Saudis Expect Reduced Exports In August

The rapid slide is surprising as it comes amid disruptions in Canada and Libya, growing unrest in Iraq's oil-producing heartland of southern Basra and the threat to Iranian exports from looming USA sanctions. An industry source familiar with the matter said Saudi oil exports in June were about 7.2 million bpd, while the latest official figures sh...

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  • Britain's Prime Minister Theresa May survives crucial Brexit vote
Britain's Prime Minister Theresa May survives crucial Brexit vote

British Prime Minister Theresa May said on Wednesday her government had begun negotiations with the European Union based on her hard-won Brexit plan, pressing on with a proposal criticised by both wings of her Conservative Party. Mr Corbyn asked the PM to "guarantee that her Cabinet ministers will fully co-operate with the police investigatio...

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  • Microsoft Sales Top Estimates With More Clients Signing Up for Cloud
Microsoft Sales Top Estimates With More Clients Signing Up for Cloud

The sudden spike of growth in the fourth quarter which led to the record-breaking full-year results can be traced to two key business divisions: The Azure cloud computing platform, which grew 89 percent, and gaming, which grew 39 percent - a sign that the company's poor start for the Xbox One platform is finally behind it.

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  • Philadelphia Eagles mock Amazon over Prime Day outages
Philadelphia Eagles mock Amazon over Prime Day outages

Hopefully, the website will be able to recover quickly so customers can enjoy the deals without frustration. Savvy online shoppers can find exclusive Prime Day deals on Amazon's own smart home devices and tablets as well as a host of best-selling electronics, home, kitchen and baby gear.

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  • Google Fined $5 Billion By EU For Illegal Android Practices
Google Fined $5 Billion By EU For Illegal Android Practices

She said that European Union antitrust laws put a "special responsibility" on dominant businesses, meaning they can not deny other companies the chance "to compete with them on merit ". The EU is concerned that Google's agreements with phone makers such as Huawei, Samsung and LG are putting those companies at a disadvantage since they're s...

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  • Netflix shares plummet after company reveals disappointing subscriber growth
Netflix shares plummet after company reveals disappointing subscriber growth

Chief Executive Reed Hastings said median viewing hours were growing, though he did not provide specifics. Netflix reported 5.2 million new subscribers - which was well short of its projected 6.2 million new customers. Once primarily a service for English speakers, Netflix has ramped up its investment in shows filmed in other languages. The com...

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  • Netflix shares dive after disappointing quarterly results
Netflix shares dive after disappointing quarterly results

GBH Insights analyst Daniel Ives called the second-quarter showing "a near-term gut punch" to Netflix. The company reported quarterly revenue of $3.91 billion and earnings per share of 85 cents. In their letter , Netflix officials acknowledged that the company's subscriber growth was lower than anticipated but didn't off much of an explanati...

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  • These Are Amazon Prime Day's Best 2018 Deals
These Are Amazon Prime Day's Best 2018 Deals

The e-commerce service is also offering exchange offers on smartphones, electronics, and home appliances with an available no-cost EMI option. Amazon launched Prime Day to be a midyear sales event that rivals Black Friday and Cyber Monday , and so far, it's been a success.

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