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Instagram founders clash with Zuckerberg, leave Facebook

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Instagram co-founders Kevin Systrom and Mike Krieger resigned Monday and didn't offer a reason to the parent company. Facebook chief executive Mark Zuckerberg said in a statement that Instagram reflected the Instagram founders' "combined creative talents". Read More »

OPEC, Russia rebuff Trump's call for immediate boost to oil output

Supply to the global oil market remains "satisfactory", Saudi Arabia's energy minister Khalid al-Falih said on Sunday, after calls by US President Donald Trump for an immediate hike in output to reduce prices . OPEC and other oil producers are considering raising output by 500,000 bpd to counter falling supply from Iran. While viewing high demand as healthy, the organisation noted that the trend was fuelled by developing countries undergoing major demographic and general economic ... Read More »

USA crude stockpiles fall for a fifth week to 2015 lows

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USA crude oil stockpiles fell for a fifth straight week to 3-1/2 year lows in the week to September 14, while gasoline inventories also showed a larger than expected draw on unseasonably strong demand, the Energy Information Administration said on Wednesday. Read More »

Russian Federation says OPEC, non-OPEC to discuss output scenarios in Algeria

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Speculation has also been swirling over whether a potential supply gap can be filled as American sanctions curb Iran's oil exports. The prospect of Russian Federation and the USA working together to achieve global supply and demand objectives is intriguing given the long-standing rivalry between the US and OPEC; but it makes sense when one considers that both the USA and Russian Federation have a strong mutual ally in energy matters, namely, Saudi Arabia . Read More »

OPEC sees global oil supply as robust

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Benchmark Brent crude oil LCOc1 was up 50 cents at $77.87 a barrel. The Paris-based energy agency said falling output in Iran and Venezuela could drive up prices if it is not offset by more production elsewhere. World oil demand growth, in 2019 is forecasted to rise by 1.42 million barrels a day, down by 20,000 barrels a day from OPEC's previous report, primarily due to a less optimistic outlook for parts of Latin America and the Middle East . Read More »

China to penalise $60 billion of U.S

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The Trump administration will impose tariffs on $ 200 billion more in Chinese goods starting next week, escalating a trade war between the world's two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires. Read More »

'Please be careful': NSW mum finds needles in strawberries

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On Wednesday, Queensland police announced they were investigating a suspected copycat incident after a metal rod was discovered on top of strawberries inside a plastic punnet at a Coles store in Gatton. Police have liaised with retailers to ensure that all stock is removed from sale. He said other strawberries also had needles inside of them. Investigations are underway after another strawberry contamination case has been reported in Townsville, in north Queensland . Read More »

White House adviser admits Trump got his facts wrong in economy tweet

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Kevin Hassett , chairman of the Council of Economic Advisers, on Monday told reporters that President Donald Trump tweeted an incorrect claim about the economy. "I'm glad it's continued, but when you hear about this economic miracle that's been going on, when the job numbers come out, monthly job numbers, and, suddenly, Republicans are saying, 'it's a miracle.' I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016", he said during a speech in ... Read More »

Mercedes unveils its first fully-electric SUV

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As standard the EQC comes with a water-cooled onboard charger (ODC) with a capacity of 7.4kW, which is ideal for AC charging at home or at a public charging station. "Tesla has virtually no competition - but that will change from 2019". It's been a while coming, but earlier today Mercedes-Benz finally unveiled its first mass-produced electric SUV. Read More »

Student's fake poster hangs at McDonald's for months

His friend, Christian Toledo, 25, moved to United States a couple of years ago from the Philippines. Fifty-one days later, the poster had still gone unnoticed by staff. "It is still up", Maravilla proudly told InsideEdition.com Tuesday. Maravilla hopes maybe he'll have a future in modeling for McDonald's campaigns. Read More »

Ayanna Pressley defeats Dem Rep. Michael Capuano in upset primary victory

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Trump has angered Democrats with his comments describing some immigrants as criminals, verbal attacks on black professional athletes protesting against racism and Twitter slaps at female politicians. There are no Republican candidates. Her background is more like Gillum's than Ocasio-Cortez's: She has a long career in Boston politics. During the race, Capuano raised $1.73m to Pressley's $890,000, actively campaigning against her and even cancelling his vacation as soon as he heard she ... Read More »

Amazon's Stock Value Has Crossed $1 Trillion, Joining Apple

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Analysts expect Apple's revenue to jump 14.9 percent in its fiscal year ending in September, according to Thomson Reuters data, a hefty rise but still far short of Amazon's expected revenue growth of 32 percent for 2018. Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. The share price has since dropped down, so the company was only valued at $1 trillion for a brief few minutes. Read More »

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

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On Monday, the key transportation fuel was sold at Rs 71.15, Rs 74, Rs 75.19 and Rs 75.54 per litre in Delhi, Kolkata, Chennai and Mumbai respectively, up from Rs the previous levels of Rs 70.76, Rs 73.61, Rs 74.77 and Rs 75.12 per litre. sanctions begins. There is a pressure on oil prices due to a decrease in production. Azar Jammine, the chief economist at Econometrix, said he was fascinated to note that the petrol price was not going to increase this month, apart from the slight increase ... Read More »

Ottawa analyzing Trans Mountain ruling; going ahead with pipeline purchase

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He vowed that a Liberal government would gain the "social license" necessary to build pipelines by working in partnership with environmental and Indigenous groups. "We're at this point where let's stop trying to find things to blame on people or organizations, let's fix the problem". Finance Minister Bill Morneau said Thursday the federal government is carefully reviewing the decision but is determined to proceed with the project, that, he said, is in the best national interest and ... Read More »

California Streamin': State Gets Tough on Net Neutrality

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Scott Wiener, D-San Francisco, the law's implementation would "ensure that California protects full access to the internet". Lawmakers in California are seeking to bar internet service providers like AT&T and Comcast from blocking or slowing down the transmission of web traffic to the state's broadband customers. Read More »

Canada officials aim to reach NAFTA deal next week

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According to a published account of the president's leaked remarks, Trump told Bloomberg News Thursday that he is not entertaining any compromises at all in discussions with Canada - but he can not admit his posture publicly because "it's going to be so insulting they're not going to be able to make a deal ". Read More »

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

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On Tuesday, Musk suggested via Twitter that it was unusual Unsworth hadn't sued him yet and asked a Twitter user who brought up the matter why he hadn't investigated it. It's just the latest Twitter hubbub Musk has created. And then there was the now-infamous New York Times interview in which Musk emotionally detailed the "excruciating" personal toll that had been taken on him after hastily announcing on Twitter that he planned to make Tesla stocks private - which was supposedly the ... Read More »

China shipowners stop hauling Iranian oil as USA sanctions near

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Signs of slowing United States crude output growth and a weaker U.S. dollar also provided some support to oil prices, said Kim Kwang-rae, commodity analyst at Samsung Futures in Seoul. The shift shows how trade is being affected even before United States sanctions targeting Iran's crude exports snap back into effect in early November. Read More »

Bull market ignores White House turmoil to set new record

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The S&P 500 industrial index rose 0.8%. It's been a happy season on Wall Street lately as the bull market in stocks is now being considered by some as the longest bull market ever. The Dow Jones Industrial Average . DJI fell 75.62 points, or 0.29 percent, to 25,746.67, the S&P 500 . SPX lost 0.82 points, or 0.03 percent, to 2,862.14 and the Nasdaq Composite . Read More »

Pope compares Church sexual abuse, corruption to excrement, victims say

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Francis, facing sexual abuse crises in several countries, wrote an unprecedented letter to all Catholics this week asking each one of them to help root out "this culture of death" and vowing there would be no more cover ups. But in his speech at Dublin Castle, he said both church and state had a history of "sorrow and shame", and he urged the pope to ensure that victims of sex abuse find "justice and truth and healing". Read More »

Australia PM loses ministers in leadership battle

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Former Home Affairs Minister Peter Dutton needs 43 signatures for Turnbull to call a party room meeting and there are reports that number has quickly climbed over the past 24 hours. "If this occurs, I will still attend National Party meetings if invited". "Out of respect for my party, I spoke with the deputy PM and my colleagues", he said. Read More »

Impeach me and the market crashes

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In practice, an indictment is highly unlikely: Since 2000, the Justice Department position has been that a sitting president is "immune from indictment as well as from further criminal process". Trump tore into Cohen during the Fox & Friends interview for what he called "flipping", saying Cohen "makes a better deal when he uses me, like everybody else". Read More »

Elon Musk Tears Up over Tesla Turmoil, 'No Sleep or Ambien'

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In an interview with The New York Times , Musk said 2018 has been "excruciating for him", acknowledging efforts to ensure Tesla is meeting its production targets have taken a physical toll. Musk also denied having smoked weed before sending the tweet, but did mention he sometimes takes Ambien to help him sleep. "It is often a choice of no sleep or Ambien", he said. Read More »

Google employees organize against censored search service for China

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According to a letter obtained by The New York Times , Google's "apparent willingness to abide by China's censorship requirements "raise urgent moral and ethical issues". Google spokespeople did not immediately respond to a request to comment. China is the world's biggest single internet market, but USA companies are having a hard time there, with Google, Twitter and Facebook all being banned. Read More »

Tesla shares plummet after Musk pours heart out to NYT

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Musk said there were times he didn't leave the factory for three or four days at a time and days when he didn't go outside. The problem is, unlike Papa John's who will afforded the chance to improve their brand without their hapless founder, Tesla needs Musk at his best to compete at the World stage. Read More »

Turkish high court rejects appeal for USA pastor Brunson's release

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The world's two largest economies are due to impose tariffs on billions of dollars of each other's goods on August 23, in addition to levies that took effect on July 6. The dispute with the United States, focused on a tit-for-tat tariff row and Turkey's detention of Brunson, helped turn the currency's steady decline into meltdown. Read More »

Turkey's Erdogan says to challenge 'games' on the economy

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Brunson, an evangelical preacher from North Carolina, is now under house arrest in Izmir. "The US wishes to tell the Turkish society that its leader has to be removed". The selling has also deepened concerns about the broader economy, particularly Turkey's dependence on energy imports and whether foreign-currency debt poses a risk to banks. Read More »

Qatar Rescues Turkey With $15 Billion

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Last week, the United States doubled its tariffs on metal imports from Turkey. The White House on Wednesday condemned Turkey's doubling of tariffs on USA cars, alcohol and tobacco imports, calling the action "a step in the wrong direction". Read More »

Turkey will emerge stronger from lira crisis, Albayrak tells investors

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Turkey also maintains a small military base in Qatar. Trump's doubling of tariffs on Turkish metals last week prompted Ankara , which says it will not bow to threats, to raise tariffs on U.S. Trump prefaced Mnuchin's remarks by saying that Turkey had not been a very good friend to America. Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on ... Read More »

China Is Sending a Trade Envoy to Washington Amid Tariff Dispute

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A Chinese trade delegation will visit the U.S. this month to kick off a new round of talks, the first since negotiations broke down two months ago. A Chinese delegation will travel to the United States later this month to resume negotiations as a trade war intensifies between the world's two biggest economies. Read More »

Iran offers discount oil, gas to Asia

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Turkey's stock market has fallen 17% and government borrowing costs have risen to 18% a year. Headed to 8-month lows of $ 65.72 amid weak fundamentals. "If 1 million barrels per day or more of Iranian exports go AWOL, the current fragile supply-demand balance will be upended - potentially sending oil prices above the May peak", Tamas Varga, senior analyst at PVM oil associates, said in a research note published Monday. Read More »

National anger grows as Italy bridge collapse kills 37

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Italy's department for civil protection said 35 cars and three heavy vehicles were under the bridge and a transport official said eight people were seriously injured. Brencich has always been a critic of the bridge. Autostrade said work to reinforce the slab under the road surface was going on at the time of the collapse. Read More »

Turkey issues retaliatory tariffs on U.S. imports

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The row with Washington has helped to drive the lira TRYTOM=D3 to record lows, with the currency losing more than 40 percent of its value against the dollar this year, prompting central bank liquidity moves to support it. "What do you want to achieve", he added, referring to the US. After the USA imposed sanctions on two Turkish ministers and amid growing domestic pressure from businesses and banks to contain a currency crisis, Erdogan said he wouldn't back down in the face of the ... Read More »