• Ryanair Irish pilots to join widening strike on August 10
Ryanair Irish pilots to join widening strike on August 10

Ryanair's pilots based in Belgium and Sweden have announced that they will strike on August 10, a date that coincides with the strike date just announced by Forsa. "The airline's escalation of the dispute when it threatened to sack 100 pilots and 200 cabin crew, or transfer them to Poland, led to a predictable hardening of resolve among its staff".

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  • United Kingdom interest rates hiked to highest since 2009
United Kingdom interest rates hiked to highest since 2009

In its third bi-monthly meeting of 2018-19, MPC-led by Urjit Patel made a decision to hike the repo rate by 25 basis points to 6.50 per cent. The reverse repo rate, at which it borrows from banks, was also raised by similar proportion to 6.25 per cent.

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  • US job growth slows in July, unemployment rate drops
US job growth slows in July, unemployment rate drops

The White House said Friday the report was a "strong showing for the surging economy" but President Donald Trump refrained from celebrating on Twitter, as he has frequently done. Most of the jobs were added in the manufacturing and retail industries, with employers hiring twice as many people compared to this time previous year.

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  • China frustrates U.S. efforts to end Iran's oil exports
China frustrates U.S. efforts to end Iran's oil exports

The rhetoric between the US and Iran remains heated, despite Trump tweeting last week that he would be willing to meet with Iranian President Hassan Rouhani . Oil traders had anticipated that sanctions would take Iranian barrels off the market, said Rob Haworth, who helps oversee US$151 billion at US Bank Wealth Management in Seattle.

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  • Tim Cook writes to employees on Apple's $1 trillion valuation
Tim Cook writes to employees on Apple's $1 trillion valuation

Closely following the online shopping giant, Google's parent company Alphabet is set at $852.45 billion valuations and Microsoft at $828.53 billion market capitalization. Amazon (AMZN.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) are locked in a tight race to become the second publicly-listed USA company to reach a $1 trillion stock market valu...

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  • Heat wave melts asphalt in Europe
Heat wave melts asphalt in Europe

Spain's record high is 47.3C (117.14F) and Portugal's is 47.4C (117.32F), but these temperatures "could well be beaten", according to Sky weather presenter Isobel Lang. While back in the United Kingdom another blast of hot weather is set to hit Portsmouth and the South East. Europe is set to reach its hottest day ever as risky temperatures u...

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  • Analysts See WTI Oil Price Averaging $67 This Year
Analysts See WTI Oil Price Averaging $67 This Year

Oil prices extended losses in post-settlement trade, with USA crude at $68.32 a barrel, after data from the American Petroleum Institute showed domestic crude inventories rose 5.6 million barrels last week. USA inventories are forecast to have fallen by 3 MMbbl last week, according to a Bloomberg survey of analysts before government data due...

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  • Chinese state councilor calls for closer China-ASEAN community with shared future
Chinese state councilor calls for closer China-ASEAN community with shared future

A spokeswoman for the U.S. Trade Representative's Office declined to comment on the proposed tariff rate increase or on whether any changes would alter the deadlines laid out for comment period before implementation. "If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our l...

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  • Turkey's Cavusoglu tells US' Pompeo threats and sanctions won't work
Turkey's Cavusoglu tells US' Pompeo threats and sanctions won't work

On Friday, the two leaders agreed to work together to resolve tensions between the two countries. The case is now at the centre of a bitter row between North Atlantic Treaty Organisation allies Ankara and Washington after the United States on Wednesday imposed sanctions on the Turkish justice and interior ministers claiming they played a major ...

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  • Trade Deficit Swelling Under Trade Warrior Trump
Trade Deficit Swelling Under Trade Warrior Trump

The ministry also warned that it reserves the right of further countermeasures in the intensifying trade war . The step is reportedly being considered by the White House in order to narrow the trade deficit between the United States and China.

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  • $1,000,000,000,000 - Apple becomes first tech firm to cross this milestone!
$1,000,000,000,000 - Apple becomes first tech firm to cross this milestone!

Last year, sales had risen to $229bn and profits to $48.4bn, making it the most profitable public-listed USA company. In the second quarter of this year, the company recorded profits that jumped more than 30% to $11.5 billion, besting market expectations despite selling slightly fewer iPhones than analysts projected.

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  • Sales tax 'holiday' weekend approaches
Sales tax 'holiday' weekend approaches

People may purchase far more goods than usual on the holiday , but they tend to wait until those dates to shop, making business slower between the tax exemptions. "That way throughout the year, they have a little bit more to spend". Definitely keep an eye out on clothing , including work and school uniforms. "This weekend is a great opportunity...

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  • China appeals for USA calm after new tariff threat
China appeals for USA calm after new tariff threat

Despite the fact that some U.S. media have linked the proposal to hike tariffs to a sharp drop in the Chinese currency, senior United States officials downplayed that idea in a telephone call with reporters. Beijing retaliated with matching tariffs on the same amount of USA exports to China. Markets were however steady on Tuesday, given a boos...

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  • Apple is now worth $1,000,000,000,000
Apple is now worth $1,000,000,000,000

Apple saw excellent numbers during its fiscal third quarter of the year, revealing strong global sales and demand for the pricey iPhone X , which helped tip revenues to a new record despite a dip in device sales. But Cook has gradually won accolades from investors by pumping out a series of solid financial results and spreading Apple's products...

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  • Bank of England raises interest rates to 0.75%
Bank of England raises interest rates to 0.75%

The cost of borrowing for Indians will rise after the Reserve Bank of India raised benchmark interest rates by 25 basis points to 6.5 per cent. Policymakers at the Bank said that momentum in the economy had recovered after an initial dip in the first three months of the year, which was believed to be caused by...

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  • Parasite found in wraps and salads sold at Trader Joe's and Walgreens
Parasite found in wraps and salads sold at Trader Joe's and Walgreens

The problem was discovered when Caito Foods received notification from its lettuce supplier, Fresh Express, that the chopped romaine that is used to manufacture some of their salads and wraps was being recalled. The fast food giant's salads are also supplied by Fresh Express. Last month, Chicago-based McDonald's temporarily stopped selling salads...

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  • Japanese Yen Looks Past Retail Trade Data, BOJ and Fed in Focus
Japanese Yen Looks Past Retail Trade Data, BOJ and Fed in Focus

The inflation outlook was downgraded, while maintaining growth projections. In his press conference following the Bank of Japan's policy meeting, governor Haruhiko Kuroda appeared to indicate that the yield on the benchmark 10-year Japanese government bond (JGB) would now be allowed to rise as high as 0.20%, versus a prior ceiling of 0.10...

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  • Tesla posts Q2 earnings: Revenue hits all-time high of $4 billion
Tesla posts Q2 earnings: Revenue hits all-time high of $4 billion

Palo Alto, California-based Tesla recorded a loss of $717.5 million in the latest quarter, more than doubling a year-ago loss of $336 million. But Tesla's cash burn in the second quarter slowed from about $1.1 billion. "We believe that the majority of Tesla's production lines will be ready to produce at this rate by end of this year, but we w...

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  • Turkey, US foreign ministers hold 3rd phone call this week
Turkey, US foreign ministers hold 3rd phone call this week

Pence has said that "there is no credible evidence against" Brunson. Late Saturday, Turkish media quoted Erdogan as saying that Washington "cannot make Turkey back down with sanctions ". "Today's action dramatically underscores a glaring inconsistency: The White House continues to enforce Ankara's Armenian Genocide gag-rule even as its imposes...

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  • Samsung Electronics profit dips as phone sales fall
Samsung Electronics profit dips as phone sales fall

Samsung's difficulties in the mobile market, which accounts for about 40 per cent of its revenue, have been exacerbated by its recent lack of innovation to drive sales of its premium Galaxy series gadgets. The company said it would bolster its flagship lineup by marketing the new phone "at a reasonable price" and packing its middle-and-low end p...

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