• Boeing’s Dreamliner engine maker is cutting 4,600 jobs
Boeing’s Dreamliner engine maker is cutting 4,600 jobs

Rolls-Royce manufactures engines and power systems for aircraft, ships and energy producers. Britain's Rolls-Royce said cutting 4,600 jobs will save the company $536 million a year. Rolls said the overhaul, which follows its announcement in January that it plans to slash its five operating businesses to three core units, will impact support funct...

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  • Nigeria’s inflation drops to 11.61 % in May - NBS
Nigeria’s inflation drops to 11.61 % in May - NBS

This, it stated was less than 15.47 per cent in April, while corresponding rural inflation rate in May was 14.53 per cent compared to 14.95 per cent recorded in April. This rise in the index was caused by increases in prices of Potatoes, yam and other tubers, Vegetables, Fish, Bread and cereals, Fruits and Meat. However, the percentage change in ...

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  • Trump declares oil prices too high, blames OPEC
Trump declares oil prices too high, blames OPEC

Oil pumpjacks are seen in Lagunillas, Venezuela May 24, 2018. US consumption of gasoline in the United States rose to an historic high of 9.88 million bpd last week, according to the EIA. Prices have risen around 60 percent over the previous year. OPEC will meet on June 22-23 to discuss the potential of reducing its output cuts now that the m...

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  • Patent filed by Uber for machine to tell if passengers are drunk
Patent filed by Uber for machine to tell if passengers are drunk

In many of these cases, the passengers were inebriated or drinking before taking the cab. The company told KTVU the patent is an example of how it continually seeks new ways to use technology to improve the rider and driver experience, especially as it pertains to safety.

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  • Schematics for the next iPhone Plus model leak
Schematics for the next iPhone Plus model leak

What we see here is a dual camera setup that matches the current iPhone X . The middle "camera" should be the flash. The schematics for the iPhone X Plus purportedly show a triple lens camera, something we've reported on already. Apple's iPhone X was the most desirable smartphone after its launch in November 2017. The schematics highlight tha...

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  • Elon Musk buys $25m in Tesla stock after job cuts news
Elon Musk buys $25m in Tesla stock after job cuts news

Tesla will notify the affected workers this week and and although an exact number of job losses has not yet been confirmed a spokesman said it would reduce overall employment back to around 37,000 - roughly in line with numbers at the end of previous year.

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  • Here are the cities that will be hosting the 2026 World Cup
Here are the cities that will be hosting the 2026 World Cup

In qualification for the 2018 World Cup , the United States of America surprisingly finished fifth in a group of six countries in the fifth round of qualification, only ahead of Trinidad & Tobago. The countries' sharing of the tournament in 2026 could be a chance "to salve the wounds in the public narrative that Trump has generated, particularly a...

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  • Bitcoin's collapse is raising suspicions about price manipulation
Bitcoin's collapse is raising suspicions about price manipulation

Twitter accounts and websites such as Tether Printer which tracks the movement of new tokens issued by Tether's central organization show that millions of dollars' worth of USDT were printed through the 2017 and early 2018 market seasons - correlated with the rise of Bitcoin and other cryptocurrencies.

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  • Four-country migrant ship standoff escalates as Italy demands apology from France
Four-country migrant ship standoff escalates as Italy demands apology from France

The dispute began when French President Emmanuel Macron on Tuesday denounced the "cynicism and irresponsibility of the Italian government" for its handling of the Aquarius migrant rescue ship earlier this week. Salvini, who is also deputy premier and the leader of the anti-immigrant Lega party, called on France to apologise and said he was not ...

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  • FOMC raises the target for Fed funds rate by 25bp to 1
FOMC raises the target for Fed funds rate by 25bp to 1

But for now, the Atlanta Fed estimates the USA economy is roaring at a 4.6 percent rate, a level it reached only twice since the recession. The statement omitted previous language saying that the main rate would remain "for some time" below longer-run levels.

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  • VW fined €1bn by German prosecutors over diesel scandal
VW fined €1bn by German prosecutors over diesel scandal

Prosecutors concluded that Volkswagen failed to properly oversee the activity of its engine development department, resulting in some 10.7 million diesel vehicles with illegal emissions-controlling software being sold worldwide. Hausfeld represents aggrieved VW owners and shareholders on both sides of the Atlantic. The €1 billion ($1.2 billion) p...

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  • Creepy New Uber Algorithm Knows When You’re Drunk
Creepy New Uber Algorithm Knows When You’re Drunk

The patent application , which was first uncovered by CNN , refers to a computer model that can predict user states based on data from their current in-app requests, as well as their previous behaviours. "It could lead to the possibility of some drivers avoiding drunk passengers and in the worst cases 'drunk hunting". "Therefore, it is desirable ...

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  • Federal Reserve expected to boost key interest rate
Federal Reserve expected to boost key interest rate

Fed drops reference from previous statements that it expected rates to be below neutral rate for "some time". The decision was driven by "indications that inflation is right around the corner", said Jason Reed, an economist and finance professor at the University of Notre Dame's business school.

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  • Trump continues to praise himself for North Korea summit
Trump continues to praise himself for North Korea summit

The news on television and the front page of the ruling Workers' Party newspaper was something North Koreans never would have imagined just months ago - their leader Kim Jong Un warmly shaking hands with President Donald Trump . North Korean women push their cart and bicycles over a bridge in Hamhung, North Korea , July 21, 2017. The spectacl...

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  • ‘There’s a special place in hell’ for Trudeau, White House adviser says
‘There’s a special place in hell’ for Trudeau, White House adviser says

And I'll tell you this: "to my friends in Canada, that was one of the worst political miscalculations of a Canadian leader in modern Canadian history". "#G72018" a tweet from the White House read. Trudeau promised retaliatory measures against USA tariffs on Saturday evening after the summit, a move Navarro called "nothing short of an attack on...

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  • Trump renews attack on OPEC ahead of group's production meeting
Trump renews attack on OPEC ahead of group's production meeting

Global economic health is important to future oil demand and while the agency sees a solid global economy they are cautions about continued higher oil prices and trade disruptions, both of which could dent global economic growth. "To make up for the losses, we estimate that Middle East OPEC countries could increase production in fairly short order ...

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  • Grab drives off with US$1bn Toyota investment
Grab drives off with US$1bn Toyota investment

Data collected from the recorders could also help Toyota in its own development of next-generation mobility services, including a self-driving electric vehicle it plans to develop for companies to use for tasks such as ride-hailing, package delivery and mobile shops.

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  • Dixons Carphone finds data breach and over a million records accessed
Dixons Carphone finds data breach and over a million records accessed

While the breach took place last July, Dixons Carphone only realised that it had occurred in the last week and the notification delay of nearly a year was not a case of the firm covering up the fact, allegedly. The company said in a statement: Our investigation is ongoing and now indicates that there was an attempt to compromise 5.9 million cards...

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  • NY suspends Uber driver’s license for booting kissing women
NY suspends Uber driver’s license for booting kissing women

Speaking to the New York Post , Pichl recounted what happened, saying: "We got over the Manhattan Bridge into the city". 'My girlfriend started laughing. Elbotari replies, "I don't give a shit". "That's how fast it was that's why I say 'pecked'". Elbotari said the couple were acting crude in his cab.

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  • Navarro apologizes for harsh comment about Canada PM
Navarro apologizes for harsh comment about Canada PM

After Trump had left the summit in Quebec he rounded on Justin Trudeau personally, suggesting the Canadian Prime Minister was "very dishonest and weak" and "acts hurt when called out". Though the decision comes with "regret", Trudeau said Canada would impose its measures "with absolute certainty and firmness". A Trudeau spokesman, Cameron Ahmad...

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  • German ministry says 774000 Mercedes cars contain unauthorized software
German ministry says 774000 Mercedes cars contain unauthorized software

The Mercedes-Benz Vito commercial van, C220d sedan, and GLC220d vehicles sold in Europe are affected by the recall. Five models in total are reported to be affected, including the volume-selling Mercedes C-Class - the UK's ninth most popular auto a year ago - and GLC SUV variants.

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  • U.S. judge clears AT&T merger with Time Warner
U.S. judge clears AT&T merger with Time Warner

CNBC is reporting that Comcast will try to buy Twenty-First Century Fox if AT&T buys Time Warner . Comcast has already made an offer for Sky, the United Kingdom satellite TV business. Last fall, he presented AT&T and Time Warner with two options: Sell the majority stake in either DirecTV or Turner Broadcasting. The merged companies coul...

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  • Trump says Canadian leader Justin Trudeau 'learned' from trade comments
Trump says Canadian leader Justin Trudeau 'learned' from trade comments

Nevertheless, Trump appears determined to up-end the trade relationship, insisting that the USA is the loser, and has demanded that the North American Free Trade Agreement (NAFTA) be renegotiated or abandoned. Trump says the U.S. "Canada has stood with the United States in every modern war and crisis". G7 allies criticised Trump's decision to r...

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  • Tesla laying off 9 percent of workforce
Tesla laying off 9 percent of workforce

Tesla , which also operates SolarCity, is only laying off salaried employees. Tweeting pictures of an email he said had been leaked to media, Musk said that the cuts were part of a simplification of Tesla's management structure promised last month.

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  • Ofo applies for e-scooter scheme license in San Francisco
Ofo applies for e-scooter scheme license in San Francisco

Motivate is not on the list of San Francisco scooter applicants. If Uber gets its way, it would be double-dipping in the bike-share market - in April it ponied up nearly $200 million for Brooklyn-based Jump, which operates about 425 dockless electric bikes in San Francisco and Washington, DC, and which will be participating in a pilot program i...

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