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Following more than two hours of dinner talks between the two leaders, the White House said an increase of tariffs from 10 to 25 per cent due to kick in on January 1 would now be put on hold, providing room for intense negotiations. "It nearly feels like they're thinking: 'Am I going to be the next one to leave the White House?' They all look pretty freaked out", said Scott. "The two presidents agreed that the two sides can and must get bilateral relations right", Wang said, per Reuters .
  • Gold Price Edges Up After Fed Comments on Rate Hikes

    Gold Price Edges Up After Fed Comments on Rate Hikes

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    And neither should investor expectations about the Fed's future work. With investors scaling back expectations of higher U.S. interest rates beyond December, the Dollar's near outlook points for further downside. "This was again on display today", RBC Capital Markets chief US economist Tom Porcelli wrote in a note. Interest rate-sensitive financials dropped 0.8 percent, as USA 10-year Treasury yields continued to fall following the release of the Fed minutes .
  • Trump tests presidential limits by threat to General Motors

    Trump tests presidential limits by threat to General Motors

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    Big Steel is opening and renovating plants all over the country. Brown said Trump "wasn't really aware" of the tax break in the law that pushed some American companies to move overseas, but that the president "said he would help". luxury auto market and account for tens of thousands of U.S.jobs at assembly plants alone, mostly in the U.S. South . White House officials have promised to keep pressure on GM to keep the jobs and factories open.
  • Deutsche Bank offices searched in money laundering probe

    Deutsche Bank offices searched in money laundering probe

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    Investigators searched six offices, including the bank's Frankfurt headquarters. Deutsche Bank (DB), which the publication notes has spent $18 billion on "fines and legal disputes" over the past ten years, reportedly has multiple links to the Panama Papers scandal.
  • U.S. calls China’s tariffs on American autos ‘egregious’

    U.S. calls China’s tariffs on American autos ‘egregious’

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    The Trudeau government is also expecting the October murder of Saudi journalist Jamal Khashoggi to be raised at the G20, given the attendance of Saudi Arabia's Crown Prince Mohammed bin Salman. "But I think doing it in a multilateral way would have been a better approach", she said. Trump relishes the one-on-one dynamics with other world leaders.
  • Postal workers stage protest before going back to work

    Postal workers stage protest before going back to work

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    Palecek said there's "no such thing as good back-to-work legislation", and called the current law passed by the House of Commons and the Senate "unconstitutional". Picket lines were up Monday in parts of British Columbia, including Vancouver, Richmond and Surrey, and in parts of Ontario, including Hamilton, Ajax, North York, Pickering and London.
  • Nasdaq to Launch Bitcoin Futures Q1 2019

    Nasdaq to Launch Bitcoin Futures Q1 2019

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    The anonymous sources told Bloomberg that Nasdaq Inc is making progress with United States futures regulator - Commodity Futures Trading Commission , to obtain an approval to offer its crypto-based futures product. each opened up their own Bitcoin futures market when the cryptocurrency craze was at its height. The technology stock exchange seems to be not anxious over the sudden plunge in prices especially after November 14 and bets on continued interest on the most valuable ...
  • Brexit Impact Papers: How Much Would Each Deal Affect The Economy?

    Brexit Impact Papers: How Much Would Each Deal Affect The Economy?

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    Mrs May, who is touring Britain in an attempt to sell the deal direct to voters, will argue the ability for the United Kingdom to strike its own trade deals with non-EU countries for the first time in decades could benefit "iconic" Scottish industries such as salmon and Scotch whisky.
  • Oil market wary on nixed signals from Saudi Arabia

    Oil market wary on nixed signals from Saudi Arabia

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    It may seem like common sense to cut production, but analysts point to reasons behind both ends of this binary decision. The International Energy Agency predicts global oil demand will top 100 million barrels a year in 2019, growing at a rate of 1.4 million barrels per day, but this is down from its initial assessment in June of 1.5 million bpd.
  • Unifor's Dias says Trudeau willing to join fight to save GM Oshawa

    Unifor's Dias says Trudeau willing to join fight to save GM Oshawa

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    The company said the moves are part of an effort to cut 15 percent of its workforce. When the truck plant closure was announced, a convoy of some 250 cars surrounded GM's Oshawa operations, temporarily halting production. "Every time we have a problem with a point, I just put up a picture of a Chevrolet Impala, " the USA president was reported to have said. "Yesterday, I spoke with @GM's Mary Barra to express my deep disappointment in the closure", he added.
  • Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

    Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

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    Three days before a U.S. Higher auto tariffs on China would have a limited impact. Trump already has imposed steep punitive tariffs on about half of the Chinese goods imported into the U.S. The plant closings and layoffs announced by General Motors this week are putting another spotlight on the issue of tariffs. He'll be meeting with Chinese President Xi Jinping this week, but if the talks don't net the results he wants, Trump has indicated that new tariffs are on the way for all ...
  • Microsoft briefly beat Apple to become world's most valuable tech stock

    Microsoft briefly beat Apple to become world's most valuable tech stock

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    As per Business Insider , the move was a surprising one as less than two months ago Microsoft's market value reached at $887 billion, whereas Apple's reached a peak above $1.12 trillion, marking itself as the first U.S. Microsoft is now second behind Amazon Web Services in the cloud. Global demand for smartphones has slowed in recent years, making it more hard for Apple to increase its revenue.
  • 11,000 pubs in Britain have disappeared in a decade

    11,000 pubs in Britain have disappeared in a decade

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    Areas with strong tourism economies - such as Highland, Scotland; Blackpool; and Brighton - saw increases, or the same number, of pubs. In fact nearly one in four United Kingdom pubs have closed since 2008. But most jobs in the sector are low paid with around 70% of workers in pubs and bars being paid less than the Living Wage Foundation's recommended Living Wage.
  • Trump says he expects to raise tariffs on China

    Trump says he expects to raise tariffs on China

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    The dollar index, which measures the dollar's value against six other major currencies, rose 0.2pc to 97.28, its highest level in nearly two weeks. The UBS analyst Timothy Arcuri said those threats could simply be a "negotiating tactic" ahead of the G20 summit, when Trump is expected to meet with Chinese President Xi Jinping .
  • Donald Trump Asks General Motors To Stop Making Cars In China

    Donald Trump Asks General Motors To Stop Making Cars In China

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    General Motors Co recently announced it was slashing production of struggling models and reduce its North American workforce. The Detroit-based company's shares surged. Could Korean production be under threat? GM isn't the only automaker trying to restructure itself for the future. "The president is very cross with her and of course I transmitted that", National Economic Council director Larry Kudlow told reporters on Tuesday.
  • Malfunctioning ATM in Texas dispenses $100 bills instead of $10 bills

    Malfunctioning ATM in Texas dispenses $100 bills instead of $10 bills

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    The broken Bank of America ATM in northern Harris County caused a two-hour frenzy after a man posted on social media about accidentally receiving a Benjamin when he withdrew cash around 11 p.m. According to CBS affiliate KHOU in Houston, it happened at a Bank of America ATM located at FM 1960 and the North Freeway. We have resolved the matter.
  • GM 'Reorganization' Includes Plant Closures, Layoffs

    GM 'Reorganization' Includes Plant Closures, Layoffs

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    The United Automobile Workers released a statement in response to the news from GM: "General Motors decision today to stop production at the Lordstown, Ohio, and Hamtramck, Michigan, assembly plants will idle thousands of workers, and will not go unchallenged by the UAW".
  • Donald Trump faulted for 'weak' Jamal Khashoggi response

    Donald Trump faulted for 'weak' Jamal Khashoggi response

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    Republican Senator Mike Lee of Utah, an opponent of USA involvement in the Saudi-led intervention in Yemen's civil war, said Trump's assessment was "inconsistent with the intelligence I've seen". "Strength is telling the truth even when it's hard", Sasse told "Fox News Sunday," using the crown prince's initials. In Graham's statement to Axios , however, the Senator seems to oppose Trump's statement standing behind Saudi Arabia, telling Swan about the relationship with the Crown ...
  • Bitcoin Continues to Dip below $4000, Black Week for Crypto Market

    Bitcoin Continues to Dip below $4000, Black Week for Crypto Market

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    In just one week, the Bitcoin (BTC ) has lost more than $1000 price making it a new downfall since previous year. Well, as we near a year since numerous top tokens hit their all-time-highs, we've seen the prices come crashing down as more manageable expectations of the crypto market have seemed to prevail.
  • Canadian government moves to end postal strike

    Canadian government moves to end postal strike

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    Workers are legislated back to work in 1987, 1991, and again in 1997. Palacek accused the government of supporting organized labour only when it's convenient and of doing Canada Post's "dirty work". Disruptions to the postal service have been occurring since October 22, when members of the Canadian Union of Postal Workers began holding rotating walkouts to push for their contract demands.
  • Snow-related accidents close I-70 in Kansas, I-80 in Nebraska

    Snow-related accidents close I-70 in Kansas, I-80 in Nebraska

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    Winter Weather Advisory from 6 a.m. Sunday until 6 p.m. Sunday. The hazardous weather outlook calls for poor driving conditions due to blowing snow. Strong winds and snow created blizzard conditions across much of Nebraska and parts of Kansas, Iowa and Missouri. As much as a foot was expected in Chicago.
  • Massive romaine lettuce recall linked to California

    Massive romaine lettuce recall linked to California

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    The current outbreak is not related to the recent multi-state outbreak of E. coli O157 infections linked to romaine lettuce in the spring of 2018. There has been a second case of food poisoning in Ottawa linked to contaminated romaine lettuce. It is stopping short of recalling romaine lettuce or telling retailers to pull it from their shelves.
  • Online surge marks start of solid Thanksgiving sales

    Online surge marks start of solid Thanksgiving sales

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    United States shoppers desperate for deals banged on doors and formed long queues at checkout counters on Black Friday, as a strong economy and rising wages drove a solid start to the holiday shopping season. "Thanksgiving is on track to be a blowout day ... fastest-growing day that we have ever seen in terms of major shopping holidays online", said Taylor Schreiner, director at Adobe Digital Insights, the research arm of Adobe Systems.
  • Flybe shares rocket as Virgin enters fray

    Flybe shares rocket as Virgin enters fray

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    Flybe , which flies 76 aircraft, has a market capitalization of about £20.8 million ($26.68 million), according to IBES data from Refinitiv, after its shares fell over 50 percent this year. Should it buy Flybe , Virgin Atlantic will be able to feed passengers from regional airports to its worldwide network out of Heathrow and Gatwick, London's biggest airports.
  • Amazon and Microsoft make it easier for Indians to make a call

    Amazon and Microsoft make it easier for Indians to make a call

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    To take advantage of Amazon Black Friday sales, sign-up for a 30-day free Amazon Prime Trial as it allow you to enjoy worry-free two-day shipping throughout the holiday shopping season at no extra charge. This week they released early deals for the Echo Dot, Fire Kids tablet and Kindle, among others. Since Walmart released its giant 37-page Black Friday deals ad, we've been poring over it to find the deepest discounts - and we're impressed.