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It's not clear how Erdogan would enforce the boycott, the AP noted. President Erdogan has accused the United States of trying to "bring Turkey to its knees through threats over a pastor ". Berk Esen, an assistant professor of global relations at Bilkent University in Ankara , said China was not likely to be a substitute for North Atlantic Treaty Organisation or even Russian Federation in Turkey's security.
  • Tesla stock trading halted after Musk teases taking company private

    Tesla stock trading halted after Musk teases taking company private

    Markets

    Mr. Musk has a history of joking on Twitter and sending erratic tweets. Tesla shares, which were already rising on news of the Gulf investor, spiked in response. I think he's serious. A short squeeze is a trading scenario that occurs from time to time in heavily shorted stocks, when bearish traders are forced to buy shares to avoid big losses - something that ends up pushing the stock only higher.
  • Sales tax holiday is more than back-to-school items

    Sales tax holiday is more than back-to-school items

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    During this time, the following items will be exempt from sales and use tax: clothing priced $75 per item or less, school supplies priced $20 per item or less and school instructional material priced $20 per item or less. On the list this year are school uniforms, dresses, pants, shirts, sneakers and leather shoes. But lawmakers could seek to reinstate the sales tax holidays before then beginning in next year's Regular Session.
  • Apple becomes world's first public company worth $1 trillion

    Apple becomes world's first public company worth $1 trillion

    Markets

    Apple's final push to the $1 trillion mark came on the back of Tuesday night's fiscal-third-quarter earnings report - one that encouraged Wall Street's pros and individual investors alike by most measures. Apple CEO Tim Cook has a photo taken during an Apple event at the main store in Chicago. That has raised concerns that Apple has become far too dependent on the iPhone, especially since iPad sales tapered off several years ago.
  • Apple’s Market Cap Hits $1 Trillion

    Apple’s Market Cap Hits $1 Trillion

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    The California-based company born of a friendship between Steve Wozniak and the late Steve Jobs is credited with giving rise to smartphone lifestyles and "apps" for almost everything. He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the mobile phone industry, catching Microsoft Corp, Intel Corp, Samsung Electronics and Nokia off guard.
  • Over $109bn wiped off Facebook's market cap after growth shock

    Over $109bn wiped off Facebook's market cap after growth shock

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    The complaint filed by shareholder James Kacouris in Manhattan federal court accused Facebook , Zuckerberg and Chief Financial Officer David Wehner of making misleading statements about or failing to disclose slowing revenue growth, falling operating margins, and declines in active users.
  • Trump and Junker pull back from trade war

    Trump and Junker pull back from trade war

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    The trade disputes are reducing sales of US farm products overseas and sending the prices of those products lower. On Tuesday night, Trump set out his pitch, tweeting that both sides should drop all tariffs, barriers and subsidies, but that the European Union wouldn't agree to that.
  • U.S. announces $12 bn in aid to farmers hurt by trade tariffs

    U.S. announces $12 bn in aid to farmers hurt by trade tariffs

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    The US president posted his latest tweet ahead of European Commission President Jean-Claude Junker's arrival in Washington for trade talks. Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for US duties on Chinese goods as well as on steel and aluminum imports from the European Union , Canada and Mexico.
  • US Says Retaliatory Tariffs Unjustified in WTO Complaint

    US Says Retaliatory Tariffs Unjustified in WTO Complaint

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    U.S. President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans. "Only one percent of the goods are consumer goods, and the rest are either capital equipment, such as machines, or intermediate inputs and parts", she said of the tariff actions against China.
  • Tame inflation hits BoE rate hike hopes

    Tame inflation hits BoE rate hike hopes

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    A consensus of economists expect the Office for National Statistics' (ONS) June Consumer Price Index (CPI) to come in at 2.6 per cent, up from 2.4 per cent in both May and April. Ahead of this week, financial markets saw an 80% chance of the Bank of England raising rates in August because of strong evidence the first quarter slowdown for the economy was a bad weather-inspired blip.
  • Brexit vote: Government defeats EU customs union bid

    Brexit vote: Government defeats EU customs union bid

    Markets

    A relieved International Trade Secretary Liam Fox described the trade plan as "the confident first step that the United Kingdom takes towards establishing itself as an independent trading nation for the first time in over 40 years". Critics say the move is a bid by a government to escape the prospect of more rebellions in the Conservative Party. "I started the week intending to support the prime minister".
  • Prime Day offers great deals, discounts on Kindle, Echo Dot

    Prime Day offers great deals, discounts on Kindle, Echo Dot

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    Set to run for a duration of 36 hours, the Amazon Prime Day sale starts at 12 noon and will go on till midnight of July 17. How do I become a Prime member? While Amazon has only announced a few Prime Day 2018 deals in the USA with focus on Back to School, the giant retailer teases in India a hot Prime Day TV deal.
  • Comcast May Have Given Up On Fox

    Comcast May Have Given Up On Fox

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    The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. The fight for ownership of Sky is playing out against the backdrop of Disney and Comcast's battle for a raft of Fox assets, including Fox's current 39% stake in Sky.
  • Boris Johnson's resignation pushes PM May closer to the brink

    Boris Johnson's resignation pushes PM May closer to the brink

    Markets

    Following her statement, she went to a private meeting of the Conservative Party's 1922 Committee , where she was cheered warmly on arrival and when she left. The final two then go to a postal ballot of all party members, with the position of leader, and in this instance prime minister, going to the victor.
  • Thai cave rescue: 'D-day' for trapped boys

    Thai cave rescue: 'D-day' for trapped boys

    Markets

    The first boy rescued exited the cave 5:40 p.m. local time, followed by three of his team members shortly after. "Today is the D-Day for the rescuers ", said Narongsak Osottanakorn, the outgoing governor of Chiang Rai province. The potential for rising water and the dwindling oxygen levels added to the urgency of getting the team out. The boys sounded calm and reassuring in handwritten notes to their families that were transported by divers and made public Saturday.
  • China blocks Micron sales amid US trade tensions, chip battle

    China blocks Micron sales amid US trade tensions, chip battle

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    We strongly believe that the patents are invalid and that Micron's products do not infringe the patents. A Chinese court has temporarily halted a USA memory chip maker from selling its semiconductor products in China, a move that could further intensify the ongoing trade dispute between Beijing and Washington.
  • Trump's tariffs on China comes into effect, unleashes 'trade war'

    Trump's tariffs on China comes into effect, unleashes 'trade war'

    Markets

    The president said USA tariffs on an additional $16 billion in Chinese goods are set to take effect in two weeks. If that were to persist, it could potentially disrupt imports of key products such as pork and soybeans. "It is not only because of China's large market size, but it is also because the Chinese market is stable, rational, and committed to the rule of law".
  • Dwight Howard Reportedly Wants to Join LeBron on the Lakers

    Dwight Howard Reportedly Wants to Join LeBron on the Lakers

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    However adding a player like Howard, even if his scoring has declined some since his prime, would add a major physical and (most importantly) rebounding presence down low. Sam Amick reported this past weekend that Howard was interested in joining either the Warriors, the New Orleans Pelicans, the Washington Wizards , and wherever team LeBron James would ultimately end up.
  • #BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers

    #BoycottWalmart Is Trending on Twitter After 'Impeach 45' T-Shirts Anger Customers

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    Old Glory , which was founded in 1969 and makes its T-shirts in Westbrook, Conn., received "a couple thousand" orders of the impeachment apparel on Tuesday alone, accounting for about half of the day's sales, Morelli said. "Tree. Journalist. SOME ASSEMBLY REQUIRED" was listed on its website through an outside company. "As a fierce proponent of the First Amendment that is politically nonpartisan, we recognize Walmart's right to sell the T-Shirts, and the right of consumers to purchase and ...
  • Toys ‘R’ Us writes heartwarming goodbye as it closes for good

    Toys ‘R’ Us writes heartwarming goodbye as it closes for good

    Markets

    Geoffrey The Giraffe has packed his bags and is saying goodbye for good. "Thanks to each of you who shared your unbelievable journey to (and through) parenthood with us, and to every grandparent, aunt, uncle, brother and sister who's built a couch-cushion rocket-ship, made up a hero adventure, or invented something gooey".
  • US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

    US Oil Production Jumps, Eyes 11 Million; Trump Hits OPEC On Prices

    Markets

    In response, Saudi Arabia , Iran's rival and the largest producer in OPEC , said it would consider increasing supply. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! With output in Russian Federation rising back above 11-million barrels a day in June, and Saudi production climbing back above 10-million barrels a day, supplies from the top three producers are increasing.
  • Trump planning new curbs on Chinese investment in the US

    Trump planning new curbs on Chinese investment in the US

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    After talks over the issue broke down this spring, the USA and China said they would both apply new tariffs to billions of dollars worth of goods from each other's country on 6 July. The beef ban was imposed over a decade ago as Beijing started closing off its markets to all European imports, and later to United States beef imports, in the wake of the "mad cow" disease scare.
  • Trump tweet may doom House Republicans' effort on immigration

    Trump tweet may doom House Republicans' effort on immigration

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    Parents were jailed and children taken to government-contracted shelters. US President Donald Trump took an U-turn and changed his own policy amid strong protest by American people. There are huge criticism and outcry in America over the way undocumented parents and children have been kept forcibly apart.
  • For once in a tie, Greek PM Tsipras hails new debt deal

    For once in a tie, Greek PM Tsipras hails new debt deal

    Markets

    He said soon after being elected that he would only wear one when Greece had settled its debt problems. "After eight long years, Greece will finally be graduating from its financial assistance", the chairman of euro zone finance ministers Mario Centeno told a news conference in the small hours of Friday after hours of negotiations of the deal.
  • Erdogan proclaimed victor of Turkey's presidential election

    Erdogan proclaimed victor of Turkey's presidential election

    Markets

    But the Opposition raised doubts about the accuracy and reliability of the figures released by the state-run Anadolu news agency, the sole distributor of the official vote tally. Analysts said the incumbent may also have feared a sharp slowdown in the economy expected later this year would lose him support if the elections had been held on schedule.
  • Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack

    Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack

    Markets

    Unlike Coinrail , which lost more than $40 million in altcoins when it suffered an attack , Bithumb is one of the biggest exchanges-according to CoinMarketCap data , it's the world's sixth largest cryptocurrency exchange. The company has moved all their existing assets at a safe place to a cold wallet which will preserve cryptocurrencies in an offline environment which is inaccessible on the net.
  • Amid Trade War, Donald Trump Says US

    Amid Trade War, Donald Trump Says US "Rebuilt" China

    Markets

    The Trump tariffs , which the USA government says are punishment for intellectual property theft, will be enacted in two waves. With Trump's latest salvo, he has now threatened tariffs on up to US$450 billion in China's exports, out of a total of just over US$500 billion in goods sold to the United States.
  • OPEC on tightrope as output target talks prompt clash

    Markets

    The initial public offering of Saudi oil giant Aramco-which has already been likely pushed to 2019 from the second half of 2018-could be postponed even further, for after 2019, comments by Saudi Energy Minister Khalid al-Falih suggested on Thursday.
  • Trump threatens tariff on European cars

    Trump threatens tariff on European cars

    Markets

    The Commission formally adopted a law putting in place the duties on 2.8 billion euros (RM12.9 billion) worth of US goods, including steel and aluminium products, farm produce such as corn and peanuts, bourbon, jeans, and motorcycles. That means the EU's 10 percent tax on USA auto imports and the 2.5 tariff on auto imports in the US would end. It is a $241 million measure that matches the amount of steel and aluminum import duty expected to be collected from India by the United States ...
  • Elon Musk Says Tesla Secrets Stolen by Staff Saboteur

    Elon Musk Says Tesla Secrets Stolen by Staff Saboteur

    Markets

    In company-wide emails, Musk said an employee had admitted to conducting corporate sabotage, and a potentially suspicious fire had broken out in its factory's body-shop on Monday (June 18). Tesla sold more than $ 2 billion worth of cars in China in 2017 , accounting for almost 20% of its total revenue. To pump up vehicle production, Tesla needed a new general assembly line - but didn't have time to construct a new building, according to a Musk tweet .
  • Audi CEO Rupert Stadler arrested in diesel investigation, report says

    Audi CEO Rupert Stadler arrested in diesel investigation, report says

    Markets

    Munich prosecutors reportedly arrested Stadler due to a potential risk that he might seek to suppress or tamper with evidence related to the scandal. It named Stadler among the suspects accused of fraud and false advertising. Audi has not yet commented on the matter. The Audi probe: Audi has been accused of having sold at least 210,000 diesel-engine cars fitted with cheat software in the United States and Europe, starting in 2009.