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Now consumers do almost 10% of their shopping online, a share that will grow exponentially in the future. But the ruling may not be a big blow to Amazon .com Inc (AMZN.O), which already collects sales tax on items it sells directly to consumers, nor will it bring much advantage to large chains like Walmart Inc (WMT.N), Target Corp (TGT.N) and other retailers with brick and mortar stores.
  • OPEC meeting in Vienna kickstarts today: Here's what you can expect

    OPEC meeting in Vienna kickstarts today: Here's what you can expect

    Markets

    Meanwhile, production in the U.S. remains high. Saudi Arabia Energy Minister Khalid al-Falih has warned the world could face a supply deficit of as much as 1.8 million barrels per day in the second half of the year. "We are going to change this structure (of one million bpd)", he said as the meeting kicked off. "This view leads to a small-implied stock draw in Q3 2018, followed by an inventory build in Q4 2018 which is expected to weaken prices heading into 2019 when we see an oversupply ...
  • U.S., China sink into deepening trade conflict

    U.S., China sink into deepening trade conflict

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    Miffed by Pompeo's comments, China today hit back saying that the U.S. is making allegations to cover up its unilateral protectionist policies. While the U.K.'s FTSE 100 Index fell by 0.4 percent, the French CAC 40 Index and the German DAX Index slumped by 1.1 percent and 1.2 percent, respectively.
  • Oil falls as Opec nears deal to raise production

    Oil falls as Opec nears deal to raise production

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    But according to former Exxon President Jerry Bailey, China is unlikely to risk further damaging its relationship with the U.S.by violating American sanctions. The current ratio of agreed OPEC cuts versus agreed non-OPEC cuts is around 65 percent versus 35 percent. However, questions remain over Venezuela , Libya and Angola, whose declines can not be reversed at short notice.
  • Trump threatens another $200 billion tariffs on China

    Trump threatens another $200 billion tariffs on China

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    Mr Trump recently ordered tariffs on 50 billion dollars in Chinese goods in retaliation for intellectual properly theft. The tariffs were quickly matched by China on US exports, a move that drew the president's ire. It said the Chinese government is trying to find out whether Trump has the "political strength" to carry out his threats and is pressuring US interests to force him to compromise.
  • Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

    Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

    Markets

    For its part, China said it "doesn't want a trade war " but has to "fight back strongly", a Commerce Ministry statement said on Saturday. The White House said that if China goes through with its promise to retaliate against the USA tariffs announced last week, the United States will impose tariffs on an additional Dollars 200 billion worth of Chinese goods.
  • Trump promises more China tariffs

    Trump promises more China tariffs

    Markets

    Stock markets tumbled on Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on an additional $200 billion of Chinese goods. But Beijing's mention of "comprehensive measures" suggests that it would go beyond tariffs, said Jake Parker of the U.S. Economists warn Washington might be undercutting its negotiating position by alienating potential allies.
  • Germany: Interior minister gives Merkel ultimatum on migrants

    Germany: Interior minister gives Merkel ultimatum on migrants

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    Merkel opposed the move, arguing that Germany should work with other European Union countries to find a common solution to the problem. Merkel's talks later Monday with Italian Prime Minister Giuseppe Conte in Germany could prove crucial if she is to have any chance of forging an agreement in Brussels.
  • Elon Musk launches investigation into sabotage at Tesla

    Elon Musk launches investigation into sabotage at Tesla

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    On Monday, it emerged that a fire had been discovered in a Fremont, California-based plant the previous day, forcing production to stall. While he says this could be a random event, Musk quotes former Intel CEO Andy Grove's "Only the paranoid survive" warning.
  • McDonald's is testing plastic straw alternative in the US

    McDonald's is testing plastic straw alternative in the US

    Markets

    The company is also trialling alternatives to plastic straws in its restaurants in Belgium and tests are planned for selected restaurants in the U.S., France, Sweden, Norway and Australia later this year. A 2015 YouTube video of a turtle whose head was impaled by a plastic straw has been watched more than 27m times. Congratulations to McDonald's on making this significant contribution to help our natural environment.
  • Audi CEO arrested in Germany over diesel scandal

    Audi CEO arrested in Germany over diesel scandal

    Markets

    German carmaker Audi's CEO, Rupert Stadler , has been arrested . Standler's home was raided last week where Munich prosecutors based the arrest warrant on concealment of evidence. The Dieselgate scandal dates back to 2015, when Volkswagen was caught out by USA authorities for installing emissions cheating defeat device software in millions of diesel vehicles sold worldwide.
  • Trump puts 25% tariff on Chinese goods

    Trump puts 25% tariff on Chinese goods

    Markets

    It is hard to quantify the precise cost of Chinese sanctions, but Missouri corn and soybean farmer Blake Hurst said he already is seeing an impact on prices. The White House said the measures shouldn't hurt consumers , pointing out that items such as televisions that were included on the draft list had been taken off the list.
  • McDonald's to Dump Plastic Straws in United Kingdom, Ireland

    McDonald's to Dump Plastic Straws in United Kingdom, Ireland

    Markets

    Some manufacturers have previously argued against the removal of plastic straws because they are needed by some people with disabilities, children and the elderly. UK Environment Secretary Michael Gove called it a "significant contribution" to helping the environment and said it was "a fine example to other large businesses".
  • USA stocks mostly higher

    USA stocks mostly higher

    Markets

    The bank was careful to stress that it would withdraw support for the economy only gradually, saying its key interest rate would not rise from its record low of zero until at least the summer of 2019. "It doesn't seem like we're at the stage where the hawks are on top of things". It is possible that the cautious mood has something to do with the fact that today it is expected that the White House will unveil a smaller list of tariffs on between 800 to 900 Chinese products, raising concerns ...
  • China to retaliate after USA imposes tariffs on $50 billion in imports

    China to retaliate after USA imposes tariffs on $50 billion in imports

    Markets

    He said: "My message has been consistent: we need to hit our target, which is China and its deceptive and harmful trading practices". Speaking at news briefing Thursday, flanked by U.S. The goods targeted by the levies "contain industrially significant technologies", a White House statement said on Friday. Previously, China said it would impose retaliatory measures against US-based cars, plans, and agricultural products.
  • Theranos founder, former president indicted on wire fraud charges

    Theranos founder, former president indicted on wire fraud charges

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    Holmes didn't admit or deny the SEC's claims in her settlement, while Balwani is fighting the agency's suit and has denied wrongdoing. Less than half an hour earlier Theranos, the Silicon Valley darling which had once been worth $9bn but which suffered a major fall from grace in 2015 and is now close to closure, revealed Ms Holmes had stepped down as chief executive, although would remain as chairman.
  • 1 deputy killed, another critically hurt in KCK shooting

    1 deputy killed, another critically hurt in KCK shooting

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    The courthouse is located at 710 N Seventh Street. The wounded deputy and the suspect were undergoing surgeries Friday afternoon. "I wasn't there, but if officers are going to use their weapons, it's only in a situation when their lives or the lives of the public are in danger", Colón said.
  • Trump Assails OPEC for High Oil Prices

    Trump Assails OPEC for High Oil Prices

    Markets

    Longer term, the market could tighten as demand increases if OPEC fails to cover supply shortfalls , the International Energy Agency said. "There is no need for a change in the level of production", said Iran's OPEC governor, Hossein Kazempour Ardebili, who serves as one of the country's representatives to the group.
  • OPEC sees uncertain outlook for oil market

    OPEC sees uncertain outlook for oil market

    Markets

    The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the USA government asked Saudi Arabia to increase oil production before Washington pulled out of the Iran nuclear deal. Oil prices could be setting up to disappoint investors. The last time the USA government pressured OPEC into adding supply, it was also over Iran.
  • Arrington says President Trump tweet helped her defeat Sanford

    Arrington says President Trump tweet helped her defeat Sanford

    Markets

    With 98-percent of precincts reporting, Arrington led the race by about 2,500 votes - enough to avoid a runoff and secure the Republican nomination. In North Dakota , Republican Rep. Kevin Cramer easily won the nomination to challenge Democratic Sen. "So she won 'cause it's just about gender?" The district, which stretches up past Green Bay along Wisconsin's northern peninsula, has traditionally been Republican, with the GOP incumbent who ran in 2014 winning with 62% of the vote.
  • Massachusetts Named One Of The Least Affordable States For Renters

    Massachusetts Named One Of The Least Affordable States For Renters

    Markets

    The report found that workers need to make more than $28 an hour to afford a two-bedroom apartment, or work more than 104 hours a week at the current minimum wage of $11 an hour. But opting for a one-bedroom apartment may not help. For example, this week corporations including Starbucks and Amazon successfully lobbied to have the city of Seattle repeal a corporate, $275-per-employee head tax that would have raised about $50 million dollars for services addressing homelessness and ...
  • Bitcoin prices manipulated, says study

    Bitcoin prices manipulated, says study

    Markets

    Tether , as its name suggests, is pegged to the value of the United States dollar and can be used to buy other crypto coins. Released on June 13, 2018, the study by professor John Griffin and Ph.D. These patterns can not be explained by investor demand proxies but are most consistent with the supply-based hypothesis where Tether is used to provide price support and manipulate cryptocurrency prices.