• Larry Page-funded Kitty Hawk shows off single-seat flying machine
Larry Page-funded Kitty Hawk shows off single-seat flying machine

Kitty Hawk , funded by Page, unveiled a "Flyer" model that it has described as "an exciting first step to sharing the freedom of flight". Google co-founder Larry Page announced Wednesday that his new Kitty Hawk flying auto is taking flight, according to published reports.

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  • Cambridge Analytica boss says did get data
Cambridge Analytica boss says did get data

In an earlier testimony to the British parliamentary media committee, Nix denied that his company had received any data from the researcher Aleksandr Kogan. "Obviously all of these were recorded and they were condensed to maybe six or seven minutes of footage and even those minutes of footage were heavily edited to portray the worst possible pictur...

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  • USA job openings remain nearly level in April
USA job openings remain nearly level in April

The survey showed almost 6.7 million job openings, up about 65,000 jobs from March and the highest number since the government started tracking this data in late 2000. The revised data show that job openings outstripped total unemployed workers in March and the trend continued in April. For example, data from the Federal Reserve Bank of Atlanta...

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  • EU's tit-for-tat tariffs against U.S. will be ready by July
EU's tit-for-tat tariffs against U.S. will be ready by July

The European Union's plan to impose tariffs on roughly 2.8 billion ($3.3 billion) worth of American goods will go into effect in early July, the European Commission said Wednesday. The European Union exported some 5.5 million tons of steel to the USA a year ago. European steel producers are concerned about a loss of market access but also that stee...

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  • Trump Unites U.S. Allies-in Opposition to His Trade Policies
Trump Unites U.S. Allies-in Opposition to His Trade Policies

Trump reportedly quipped in response. Kudlow shot back that "Trump is trying to fix this broken system". The EU and Canada were originally shielded from the aluminum and steel tariffs , but Trump ended that exemption last week. stepping back from the brink of penalties against China following progress in talks with Beijing. There is also s...

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  • Autopilot sped up before fatal Tesla Model X crash
Autopilot sped up before fatal Tesla Model X crash

The report also notes that the vehicle was in AutoPilot mode for 18 minutes and 55 seconds ahead of the collision. For the last 6 seconds before the collision, the Model X's driver did not have his hands on the steering wheel. The addition of a Model Y also makes the auto names in Tesla's range spell "S3XY". The investigation is ongoing and cou...

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  • Medicare health care program fund to be exhausted by 2026
Medicare health care program fund to be exhausted by 2026

On Tuesday, a government report from program trustees announced that Medicare will run out of money sooner than originally projected, with Social Security following suit just a few short years later. "The programs remain secure ", he said, adding: "The administration's economic agenda - tax cuts, regulatory reform, and improved trade agreement...

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  • Mexico’s revenge over Trump tariffs disrupting oil industry, United States energy CEO says
Mexico’s revenge over Trump tariffs disrupting oil industry, United States energy CEO says

To be clear: No, they didn't. It's well documented that British troops torched the White House over 200 years ago. " Didn't you guys burn down the White House? " he told Trudeau, according to sources cited by CNN . In an immediate response, hog futures prices dropped by 2 percent on the Chicago Mercantile Exchange. Another point of contention ...

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  • Ethiopian government set to finally end state of emergency
Ethiopian government set to finally end state of emergency

Ethiopia is opening key economic sectors, including the state-owned Ethiopian Airlines and state-run telecoms, to local and global private investors. Both steps represent major policy changes by Abiy, the first prime minister in modern Ethiopia from the country's largest ethnicity the Oromo who took office in April after years of anti-government ...

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  • Salad Cream: Heinz 'considers Sandwich Cream re-brand'
Salad Cream: Heinz 'considers Sandwich Cream re-brand'

The condiment giants have revealed that people are using their Salad Cream for something other than salads. The news is likely to cause consternation among traditionalists, including those who rallied to save the brand from extinction in 1999 .

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  • HBC's Q1 net loss widens, comparable sales decline 0.7 percent
HBC's Q1 net loss widens, comparable sales decline 0.7 percent

A woman holds a Hudson's Bay shopping bag in front of the Hudson's Bay Company (HBC) flagship department store in Toronto, Ontario, Canada, January 27, 2014. The closures, Hudson's Bay indicated in its earnings report today, will reduce costs and grow profits. In contrast, that measure was down 6.6 percent at its European chains, which Foul...

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  • David Koch, Billionaire Political Donor, Announces Retirement
David Koch, Billionaire Political Donor, Announces Retirement

The move was announced by his brother, Charles Koch , in a letter to employees, stating that David's health has been declining since he was hospitalized last October. David Koch has given at least $1.3 billion of his fortune to charitable causes, including the David H. Koch Center for Cancer Care at New York's Memorial Sloan Kettering Cancer Ce...

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  • Burger King temporarily shut down after mice seen on buns back open
Burger King temporarily shut down after mice seen on buns back open

The probe resulted in a cease-and-desist letter filed last week against the Burger King outlet, located at 2802 Concord Pike in Wilmington, over " gross unsanitary conditions " that posed an " imminent health hazard ." . Inspectors also found part of the ceiling to be leaking, and flies coming out of a drain. Additionally, officials said the plas...

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  • ZTE signs preliminary agreement to lift USA ban
ZTE signs preliminary agreement to lift USA ban

The Commerce Department plans to amend the agreement to count part of ZTE's previous fine from past year ($360 million) as part of the total penalties. This means that they could be fined up to $1.7 billion in total. The terms, they said, were in line with Reuters reporting on the US demands Friday.

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  • China's ZTE signs preliminary agreement to lift U.S. ban
China's ZTE signs preliminary agreement to lift U.S. ban

The Commerce Department plans to amend its settlement agreement from past year and count the $361 million ZTE paid as a part of that, allowing the U.S.to claim a total penalty of as much as $1.7 billion, sources said . The report added that ZTE gets from 25 to 30 percent of the components it uses in producing smartphones and telecommunications n...

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  • Corker Unveils Plan to Give Congress Power to Stop Trump Trade Actions
Corker Unveils Plan to Give Congress Power to Stop Trump Trade Actions

Democrats say the number of vacancies stems directly from Republicans blocking Obama's judicial nominees during his final two years in office. She is contesting a seat in Orange County, California, that will be critical if Democrats are to take back the House of Representatives.

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  • Trudeau expects 'difficult' conversations with Trump at G7
Trudeau expects 'difficult' conversations with Trump at G7

Kudlow added that the United States and China had not yet reached a deal to resolve Trump's demand for a smaller USA trade deficit with China. Kudlow said he spoke with one of Canada's "top people, right next to the prime minister" yesterday about the president's "new thinking", and is now awaiting a response from Canada that could come as earl...

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  • RBI hikes repo rate by 25 basis points to 6.25%
RBI hikes repo rate by 25 basis points to 6.25%

It has been learnt that the members of the MPC unanimously voted for a rate hike in June, adding that the decision is consistent with its neutral stance. It said, "First, global financial market developments have emerged as another important source of uncertainty". The impact of higher oil prices is visible not only in higher transport and cookin...

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  • Priest condemns latest attack on Jesuit university in Nicaragua as 'cowardly'
Priest condemns latest attack on Jesuit university in Nicaragua as 'cowardly'

The resolution is also critical of Ortega, who has been president since 2007 and was, elected three times in succession. The escalation of violence has engulfed the country's capital Managua and other cities on April 18. But those marches also turned deadly when they were attacked police and pro-government youth groups, according to the Nicaragua...

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  • Oil Halts Drop Near $65 as Volatility Seen Before OPEC's Meeting
Oil Halts Drop Near $65 as Volatility Seen Before OPEC's Meeting

On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at $64.58 a barrel. What a coincidence! Still, in the big picture, 1 million barrels will help but won't solve the problem. United States crude production climbed in March to 10.47 million barrels per day (bpd), a monthly record, the Energy Informati...

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  • IHOP is changing its name to IHOb
IHOP is changing its name to IHOb

From breakfast and bacon to brunch, burritos, and biscuits, the options are endless! The IHOP that many know and love could soon be undergoing a major change. The International House of Pancakes was founded in Los Angeles in 1958. Both the name and restaurant have since become recognized worldwide for anything breakfast, particularly the pancakes...

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  • Britain clears Murdoch's bid for Sky if it sells Sky News
Britain clears Murdoch's bid for Sky if it sells Sky News

Culture Secretary Matt Hancock said Fox's final proposal made to divest Sky News to Disney , or to an alternative suitable buyer, with funding secured for at least 10 years, was likely to be the best remedy for the public interest concerns that had been identified.

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  • 92 million accounts for DNA testing site MyHeritage found online
92 million accounts for DNA testing site MyHeritage found online

A security researcher found, on a private server, the email addresses and hashed passwords of every customer that signed up for the service before October 26 of previous year. Hackers accessed data on every single user that had joined the site since October 26 2017 - the day that the system was breached. "Since Oct. 26, 2017 (the date of the br...

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  • Elon Musk fends off challenge to Tesla control
Elon Musk fends off challenge to Tesla control

Some investors have been unnerved by the company's struggle to speed up production of its more affordable Model 3 vehicle, which is crucial to the company's long-term profitability. Shares fell as much as 7 per cent after Musk's snub, evaporating US$2 billion from Tesla's stock market value. One investor wanted to strip the Tesla founder and chie...

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  • Trump pushes separate trade deal with Canada: White House
Trump pushes separate trade deal with Canada: White House

While the Trump remarks Friday appeared to be off-the-cuff, White House economic adviser Larry Kudlow said Tuesday on "Fox & Friends" that the president is "very seriously contemplating" separate trade negotiations. Today, the United States supplies three-quarters of Mexico's agri-food imports, according to the U.S. Chamber of Commerce. Farmers...

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