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Zinke and U.S. Department of Agriculture Secretary Sonny Perdue are in California this week to meet with state officials and to personally thank the firefighters who are battling the fires. It is part of the Mendocino-Complex Fire in Lake, Mendocino and Colusa Counties. Another massive blaze, the Carr Fire , has blackened about 207,000 acres and killed eight people in and around Shasta County, north of Sacramento near the OR state line.
  • Trump Announces 'Doubling' Of Tariffs On Steel, Aluminum From Turkey

    Trump Announces 'Doubling' Of Tariffs On Steel, Aluminum From Turkey

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    Iran has also suffered from a major tumbling of its currency this year partly over reimposition of USA sanctions after Trump abandoned a 2015 nuclear deal. evangelical pastor Andrew Brunson on terrorism charges in Turkey. "This treatment by America of its strategic partner has annoyed us, it has upset us", Mr Erdogan said.
  • House of Frazer bought by Mike Ashley

    House of Frazer bought by Mike Ashley

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    The would-be rescuers were told to submit their "best and final offers" yesterday to PwC, which is advising House of Fraser's lenders and bondholders. banner pulled out. Department store giant and high street staple House of Fraser has been rescued hours after it announced its intention to call in administrators.
  • How major USA stock indexes fared Friday

    How major USA stock indexes fared Friday

    Markets

    The S&P 500 and Dow ended down slightly on Thursday as gains in Apple AAPL.O and Amazon AMZN.O were offset by losses in energy and financial shares. Seven of the 11 major S&P sectors were higher, with the materials sector leading the gains as aluminum prices rose. Tribune shares rose 2.9 percent.
  • Local pilot reacts to stolen Horizon airplane

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    The man sounds calm at times and jokes with operators on the ground, who try to direct him to places to land. According to the Pierce County Sheriff's office, the suspected hijacker is a 29-year-old airline mechanic, who allegedly performed aerial stunts with the plane.
  • Tesla plunges, wiping out tweet-fueled rally in just two days

    Tesla plunges, wiping out tweet-fueled rally in just two days

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    Tesla CEO Elon Musk's tweets about taking the company private and having the funding to do it has the SEC's attention. Directors plan to meet financial advisers next week and are likely to tell chairman Elon Musk to recuse himself while they mull his proposal, CNBC reported Thursday , citing unidentified people familiar with the matter.
  • Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept

    Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept

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    Gary Beck , President and CEO of Horizon Air, said in a statement the plane crashed "about an hour" after it left Sea-Tac airport. Preliminary information suggests that the mechanic stole the Horizon Air Q400 and the crash occurred because the person was "doing stunts in air or lack of flying skills", the Pierce County Sheriff's Department said on Twitter.
  • The View From London: We're In A Full-Scale China Trade War

    The View From London: We're In A Full-Scale China Trade War

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    An editorial published by the official Xinhua News Agency on Wednesday stated that China would get through the storm and those imposing the tariffs would end up hurting themselves. The financial pain so far has been felt by individual companies or industries - and their workers - rather than by either the overall USA or Chinese economy.
  • Trump doubles steel & aluminum tariffs on Turkey

    Trump doubles steel & aluminum tariffs on Turkey

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    Following a few uneventful days of summer trading, Turkey's lira tumbled 14% on Friday, as a standoff over an imprisoned USA pastor led to President Donald Trump doubling tariffs on that nation's steel and aluminum exports. The ripple effects of Turkey's spiraling currency crisis was felt globally as the Dow Jones Industrial Average and the S&P 500 fell 0.8% and 0.5%, respectively, following Trump's tweet.
  • Bitcoin is the Best House in a Tough Market: Fundstrat's Tom Lee

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    Prices began dropping yesterday after the SEC extended the Cboe exchange-traded fund decision. The increase in trading volume, however, hasn't stopped the cryptocurrency prices from recording losses. "A green light for the bitcoin ETF would fire the starting gun on a race among institutional investors to cash-in on this new product". Ethereum is in major downtrend and is trading well below $390-400.
  • Trump authorizes doubling of tariffs on Turkey's steel, aluminum

    Trump authorizes doubling of tariffs on Turkey's steel, aluminum

    Markets

    Fears over contagion even pushed global equity markets lower, with some European banks coming under heavy selling pressure due to their exposure to Turkey. Paul Greer at Fidelity International said dramatic interventions were now needed as Turkey faced a "downward spiral" of investor confidence. "Portfolio investors need to believe the story in terms of the policy mix - real interest rates need to stay sufficiently high to provide enough carry for FX risk", says Tim Ash, a strategist at ...
  • Ryanair braces for biggest ever one-day strike

    Ryanair braces for biggest ever one-day strike

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    In response to unions serving strike notices, Ryanair had announced the cancellations of 250 flights in and out of Germany , 104 to and from Belgium and another 42 in Sweden and its home market of Ireland, where around a quarter of its pilots were staging their fifth 24-hour walkout.
  • US Will Sanction Russia After UK Nerve Agent Attack

    US Will Sanction Russia After UK Nerve Agent Attack

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    They were found in a serious condition on a bench in The Maltings shopping centre, and the discovery of the substance sparked a city-wide investigation with police having to cordon off large areas, including where they had eaten dinner that evening.
  • China Slams 25-Percent Tariff On American Cars And Motorcycles

    China Slams 25-Percent Tariff On American Cars And Motorcycles

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    China's Commerce Ministry called the USA decision to place the latest round of tariffs on Chinese goods "unreasonable", and said it chose to take counter measures, matching the tariffs in percentage and value. In June, China's crude oil imports had dropped for a second consecutive month and hit their lowest level since December 2017 on the back of trimmed purchases by the independent refiners-the so-called "teapots".
  • China places tariffs on another $16B worth of United States goods

    Markets

    Washington imposed tariffs on $34 billion of Chinese products on July 6 . Nearly 300 Chinese goods face USA import taxes of 25 per cent from August 23, including tractors, motorcycles and semiconductors. The world's two biggest economies are locked in a trade dispute. Tariffs would make US oil uncompetitive in China. But it held off on a final $16 billion as a result of concerns raised by USA companies.
  • Tesla shares dip after Elon Musk proposes going private

    Tesla shares dip after Elon Musk proposes going private

    Markets

    ET. Tesla CEO Elon Musk tweeted Tuesday that he's is mulling taking Tesla private at US$420 a share. Musk has 22.3 million followers on Twitter, and Tesla's share price was already rising after the Financial Times reported that Saudi Arabia's sovereign wealth fund had taken a $2bn stake in the company.
  • Oman's oil output estimated at 30mn in July

    Oman's oil output estimated at 30mn in July

    Markets

    USA crude futures were down 67 cents at $68.50 a barrel; front-month Brent crude oil futures were down 38 cents on the day at $74.27 a barrel. Indian refiners' interest in USA crude will be welcome news to shale producers looking for buyers outside of China , which is likely to scale back imports as the trade dispute between the administration of President Donald Trump and Beijing escalates.
  • Snapchat revenue soars despite losing users for the first time

    Snapchat revenue soars despite losing users for the first time

    Markets

    The main reason for this was the controversial app design change . But it posted otherwise unusually strong numbers - as well as a $250 million investment from a Saudi prince - that sent its stock soaring as much as 13%, before it came crashing down and bouncing all over the place again following renewed concerns around daily user numbers going forward.
  • Trump is losing the trade war, according to his favourite measure

    Trump is losing the trade war, according to his favourite measure

    Markets

    China's state media said on Saturday the government's retaliatory tariffs on $ 60 billion of USA goods showed rational restraint and they accused the United States of blackmail. Beijing yesterday revealed more than 5,200 American-made products would be slapped with new levies in response to a threat by Donald Trump's administration to impose additional duties on $200bn of Chinese goods.
  • Elon Musk Floats Taking Tesla Private; Twitter Questions What Exactly He’s Doing

    Elon Musk Floats Taking Tesla Private; Twitter Questions What Exactly He’s Doing

    Markets

    He goes on to mention the quarterly earnings cycle and how that puts pressure on the company to focus on moves that would boost quarterly numbers while disregarding longer-term motives and outcomes. "The reason for doing this is all about creating the environment for Tesla to operate best", Musk, 47, wrote in an email to employees . As a result, its stock is not subject to big swings in value, and the company is not required to provide quarterly financial results to the public.
  • Ontario to offer 'non-financial incentives' to brewers for buck-a-beer

    Ontario to offer 'non-financial incentives' to brewers for buck-a-beer

    Markets

    Eric Portelance, who co-owned Halo Brewery in Toronto until earlier this year, said the buck-a-beer challenge is "insulting" to brewers and distorts the market by devaluing their product. "The premier is asking beer producers to lower their prices down to a dollar". In the meantime, there are already plenty of beers that sell for cheap in Ontario.
  • Elon Musk considers taking Tesla private as stock jumps

    Elon Musk considers taking Tesla private as stock jumps

    Markets

    The article said the state fund, overseen by the powerful crown prince Mohammed bin Salman, had been interested in buying newly issued shares. Tesla's shares were up 6.5 percent at $363.46. The stock's past-year high was $389.61, with it trading as low as $244.59 in April. It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to request for comment.
  • Fetus discovered by crew on plane at LaGuardia Airport, sources say

    Fetus discovered by crew on plane at LaGuardia Airport, sources say

    Markets

    One of the attendants noticed a large amount of toilet paper in one of the plane's lavatory toilets. The flight from Charlotte landed at Terminal B Monday night. The plane was parked by the American Airlines hangar - not at a gate - when the fetus was discovered. But a spokesman for the airline said, "We have no major impact to our operation this morning while we are working with law enforcement on an investigation".
  • Facebook asks US banks for financial info to boost user engagement

    Facebook asks US banks for financial info to boost user engagement

    Markets

    Apparently not satisfied with access to its users' call history , text messaging data, and online conversations, Facebook has reportedly asked major Wall Street firms like JPMorgan Chase and Wells Fargo to hand over their customers' sensitive financial data as part of the social media giant's ongoing attempt to become "a platform where people buy and sell goods and services".