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Trump posted the message hours after Saudi Arabia's energy minister said that OPEC and its allies should reverse about half the increase in oil output they made earlier this year. A deal between the OPEC oil exporting nations, the biggest one being Saudi Arabia , and non-OPEC oil producers (known as OPEC+) was signed in December 2016.
  • Urjit Patel may resign as Jaitley’s remarks widen RBI-govt rift

    Urjit Patel may resign as Jaitley’s remarks widen RBI-govt rift

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    The RBI deputy governor reminded that unlike governments, which often have a short-term horizon, the central bank works on a long-term agenda. While speculation abounded on Wednesday about whether the government had invoked Section 7 of the RBI Act, which would give the government the ability to direct the central bank's actions, the Finance Ministry remained studiously silent on the issue.
  • Amazon Q3 2018 had $56.6 billion in sales and $2.9 billion profit

    Amazon Q3 2018 had $56.6 billion in sales and $2.9 billion profit

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    For years, Amazon has made expensive bets on new technology and programs, like its $13.7 billion acquisition of Whole Foods in 2017 to storm the US grocery industry. Amazon said revenue from the category and some other items grew 122 percent to $2.5 billion in the third quarter. At Amazon Web Services , revenue jumped 46 percent to $6.7 billion.
  • Trump Briefed by CIA Director Haspel on Khashoggi Probe

    Trump Briefed by CIA Director Haspel on Khashoggi Probe

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    CIA Director Gina Haspel on Thursday briefed President Donald Trump on her "findings and discussions" in the investigation of Saudi journalist Jamal Khashoggi's death following her visit to Turkey where she reportedly listened to an audio recording of the murder , The Hill reports .
  • Winning numbers announced for $1.6 billion Mega Millions jackpot

    Winning numbers announced for $1.6 billion Mega Millions jackpot

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    Monday, according to Assistant Manager Shannon Thompson. But remember, you can't win if you don't play. There are a total of nine ways to win a prize in Mega Millions, ranging from the jackpot down to $2. "Everyone wants to have a chance for that dream", said Melissa Brock, cashier at Valley News And Booze, Spring Valley, on Monday morning. Joe Nelson of Princeton would put the winnings in a bank and let it grow.
  • Saudi king, crown prince condole with Khashoggi's family and relatives

    Saudi king, crown prince condole with Khashoggi's family and relatives

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    The Saudi foreign minister has since called his death a "huge and grave mistake". Jubeir had extended condolences to Khashoggi's family earlier on Sunday. CNN aired the footage on Monday, citing a Turkish official as describing the man as a "body double" and a member of a 15-man Saudi team sent to Istanbul to target the writer.
  • Migrants halted after storming Guatemala-Mexico border

    Migrants halted after storming Guatemala-Mexico border

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    In part, the response is meant to both dissuade the migrants from even attempting to enter Mexico and potentially to show the Trump administration that Mexico is willing to, as the government put it, "maintain order". It said Mujica attacked immigration agents, as well as local and federal police, after he was asked for his identification. They also said migrants caught without papers would be deported.
  • Feeling lucky? Mega Millions jackpot for Friday is $970 million

    Feeling lucky? Mega Millions jackpot for Friday is $970 million

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    Lottery officials raised the estimated prize to $ 970 million with a cash option of $548.6 million. A group of employees at a Wells Fargo & Co. branch in California won a $543 million Mega Millions jackpot in July. Mega Millions announced a $900 million jackpot Thursday, the largest in the history of the game. This jackpot also stole the #2 spot as the second largest jackpot in United States history, but it's still a long way from stealing the #1 spot.
  • UK, France, Germany call for probe into missing Saudi journalist

    UK, France, Germany call for probe into missing Saudi journalist

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    Jamal Khashoggi disappeared after visiting the Saudi consulate in Istanbul on October 2 and Turkish authorities have speculated that he was either killed or kidnapped there, while Saudi Arabia has denied the accusations, reports Efe news. Mr Masayoshi Son has much at stake in his relationship with Saudi Crown Prince Mohammed bin Salman . Saudi Arabia is now facing growing global pressure to explain the disappearance of Saudi journalist Jamal Khashoggi .
  • More than $1 billion up for grabs in upcoming lottery drawings

    More than $1 billion up for grabs in upcoming lottery drawings

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    There hasn't been a Mega Millions jackpot victor since it reached $543 million in July. Did someone say $1 billion in jackpots? The Mega Millions jackpot is now $ 654 million , just $2 million short of the lottery's record. The grand prize for Tuesday night's drawing has grown so enormous because no one has won the jackpot since July 24. Roland Reyes claimed the prize on behalf of his group, saying they made a decision to play on a whim when they saw how large the jackpot had become.
  • Mega Millions Climbs to an Astounding $654 Million

    Mega Millions Climbs to an Astounding $654 Million

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    Those winning tickets were sold in California, Colorado, Pennsylvania and Wisconsin. The jackpot climbed $78 million after no one matched all six numbers Tuesday night. The cash option for Friday night: $309 million. If you're looking for a tiny hint: the numbers 17 and 12 have been drawn twice as Mega Balls since August 31.
  • Hackers accessed personal data from 29M accounts, Facebook says

    Hackers accessed personal data from 29M accounts, Facebook says

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    Facebook has revealed that millions of email addresses, phone numbers and other personal user information were compromised during a recent security breach. They used an automated technique to move from account to account so they could steal the access tokens of those friends, and for friends of those friends, and so on, totalling about 400,000 people.
  • International Monetary Fund gives United Kingdom government green light to ease austerity

    International Monetary Fund gives United Kingdom government green light to ease austerity

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    This growth exceeds that achieved in any of the years between 2012 and 2016, he said. "Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms", Mr. It now expects the global economy to only expand by 3.7% in 2018 and 2019, down from 3.9% before. "The negative revisions for emerging market and developing economies are more severe, at minus 0.2 and minus 0.4 percentage point respectively for this year and next year".
  • Brexit: Theresa May to face MPs after Chequers plan criticism

    Brexit: Theresa May to face MPs after Chequers plan criticism

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    Earlier Mrs Foster tweeted an image from her meeting with Mr Barnier, emphasising that she will not tolerate any form of barrier between Northern Ireland and the rest of the UK. Theresa May has urged MPs across the Commons to act in the national interest and back a Brexit deal amid warnings that "decisive" progress is needed in the negotiations before a crunch Brussels summit next week.
  • Musk mocks 'Shortseller Enrichment Commission' after SEC settlement

    Musk mocks 'Shortseller Enrichment Commission' after SEC settlement

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    Per the terms of the settlement: " Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk's communications". West has tweeted several times about the need for "innovation" and new technology, and in 2011, he went to visit the SpaceX rocket factory with Musk.
  • Rupee plunges to fresh record low of 73.77 against dollar

    Rupee plunges to fresh record low of 73.77 against dollar

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    The rupee , which is now Asia's worst-performing currency, hit new lows earlier today as it plunged to 73.77 against the USA dollar. Bond yields and prices move in opposite directions. On Wednesday the rupee slipped to a low of 73.42 per dollar as crude oil prices breached the 85 US dollars per barrel mark, leading to huge outflows of cash.
  • U.S. stocks rise after Canada signs on to reworked NAFTA

    U.S. stocks rise after Canada signs on to reworked NAFTA

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    TARIFFS AND TAUNTS: Trump joked that the deal wouldn't have been made without tariffs, specifically on Canadian-made steel and aluminum, which prompted tit-for-tat retaliatory tariffs from Canada on a number of USA goods. Tariffs have especially driven down the prices of soybeans and pork, two key agricultural exports for Minnesota. Shares of American automakers traded marginally higher following this announcement.
  • Four states announce additional cut in fuel prices after Centre’s move

    Four states announce additional cut in fuel prices after Centre’s move

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    The Congress, however, hit out at the Narendra Modi government over what it described as a "meagre" reduction in excise duty on petrol and diesel . The share prices of oil marketing companies like Hindustan Petroleum Corporation Ltd plunged immediately, down by as much as 12% in initial trading after Jaitley's remarks.
  • Trump gets oil traders' attention over call with Saudi king

    Trump gets oil traders' attention over call with Saudi king

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    U.S. West Texas Intermediate (WTI) crude futures marked $75.90 a barrel around 0630 GMT today, their strongest since November 2014. Gasoline pump prices are on the rise in the U.S. Congress members. The sanctions forbid oil-importing countries and companies from buying Iranian crude, so this could put a squeeze on overall global supplies and make the commodity costlier.
  • Amazon raising minimum wage for United States workers to $15 per hour

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    Amazon says it is offering raises to all hourly employees in its US warehouses and call centers, a move that follows criticism of the pay and working conditions for the retail giant's lowest-paid workers. Bezos is listed by Forbes as the world's richest man with a net worth of almost $150 billion. The new wage will benefit more than 250,000 Amazon employees, plus over 100,000 seasonal employees who will be hired for the holidays.
  • SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

    SEC Lawsuit Against Musk Wiped $7.3 Billion From Tesla’s Market Value

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    Tesla will also name two new, independent directors to its board. Musk and Tesla each will pay a penalty of US$20 million, with the total US$40-million penalties to be "distributed to harmed investors under a court-approved process". The SEC had charged Musk with fraud in response to his tweet in August suggesting he could take Tesla private at $420 (around Rs 30,581) a share, a substantial premium at the time, and had secured funding to do so.
  • Elon Musk Resigns As Chairman Of Telsa

    Elon Musk Resigns As Chairman Of Telsa

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    Securities and Exchange Commission (SEC ) in a settlement that includes removing Musk as chairman at Tesla , and Musk and Tesla paying fines , the SEC said on Saturday in what analysts see as one of the fastest such settlements. The appointment of two new Board members, as well as the creation of a committee tasked with "placing additional controls and procedures to oversee" Musk's communications, were warmly received by the Tesla community as well.
  • Tweet storm: Musk quits as chairman over false claims

    Tweet storm: Musk quits as chairman over false claims

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    Tesla in recent years has become one of the most valuable American auto maker, with its stock worth more than $50 billion. On Friday, its stock dropped nearly 14 per cent. Tesla's free cash flow in the second quarter totaled negative $739.5 million, bringing the company to a net loss of $717.5 million, the company reported in August.
  • Trump blasts OPEC ahead of World Oil Outlook summit

    Trump blasts OPEC ahead of World Oil Outlook summit

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    On Thursday, Trump linked American support for Middle Eastern countries to oil prices as he again urged OPEC to lower prices. Because of these concerns, the worldwide benchmark, the Brent crude futures were up by 2 cents to trade at $79.05 per barrel after having gained 1.3% the day before.
  • China won't weaken currency to boost exports, premier says

    China won't weaken currency to boost exports, premier says

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    China has also pledged to buy soybeans from other countries, but replacing voluminous American supplies will be hard. China announced Tuesday tariffs on U.S. But its options for responding further are getting increasingly complicated. Trump has promised that if China does retaliate, then he will not hesitate to slap tariffs on an additional $267 billion of Chinese goods.
  • Coca-Cola Reportedly Interested In The Cannabis Drink Industry

    Coca-Cola Reportedly Interested In The Cannabis Drink Industry

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    Regardless, Coke's interest in the marijuana industry is significant. Coca-Cola is one of the most recognized brands in the world, but it could soon be known for more than just fizzy drinks. The new beverages will be pegged to drinkers who suffer with inflammation, pain or cramping. CBD has been used for medical purposes to ease nausea and pain and does not produce a high for users.
  • Trump ratchets up tariff talk as key week looms for trade

    Trump ratchets up tariff talk as key week looms for trade

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    United States officials point to Beijing's long-range development plan, "Made in China 2025", which calls for creating powerful Chinese entities in such areas as information technology, robotics, aerospace equipment, electric vehicles and biopharmaceuticals.