• Trump announces 25% tariff on Chinese imports
Trump announces 25% tariff on Chinese imports

China's in-kind response to U.S. President Donald Trump's announcement of tariffs on $50 billion of imports from the nation left the global economy on the verge of a trade war. "We made clear in this statement that all economic and trade outcomes of the talks will not take effect if the USA side imposes any trade sanctions, including raising ...

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  • N Brown considers closing 20 stores as footfall remains weak
N Brown considers closing 20 stores as footfall remains weak

The move will affect the retailer's 20 stores and put 270 jobs at risk. During FY18, the sites under review generated £15m revenue - which represents 2 per cent of overall group income - and an EBITDA loss of £3m. Eliminating losses should be positive for the investment case, so today's 6.1% share price decline to 185.6p reflects N Brown's underw...

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  • Australia Jobless Rate Eases To 5.4% In May
Australia Jobless Rate Eases To 5.4% In May

Monthly hours worked in all roles dropped by 24.2 million hours, or 1.4 per cent. Last year, full-time employment accounted for nearly 80% of total employment growth but that has fallen to less than 20% in the first five months of 2018. The private sector grew by 3.1 percent, up an estimated 85,100 jobs, and the public sector increased by 0.8 perce...

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  • 4,600 job to go at major engineering firm Rolls-Royce
4,600 job to go at major engineering firm Rolls-Royce

The aircraft engine maker said the move would simplify the group into three customer-focused business units with smaller corporate and support functions and reduce management layers and complexity, including within engineering. Rolls-Royce outperformed expectations in 2017, when pre-tax profits rose to 1.1 billion pounds ($1.5 billion dollars) from...

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  • Record US oil production drags crude oil prices
Record US oil production drags crude oil prices

Traders are holding their breath for the June 22 meeting of oil ministers from OPEC member states in Vienna. China on Thursday reported a drop in refinery activity, from 12.06 million barrels per day (bpd) in April to 11.93 million bpd in May, although year-on-year runs were still up by 8.2 percent.

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  • China retaliates against new US tariffs by announcing its own
China retaliates against new US tariffs by announcing its own

The US says tariffs are justified because of China firms' longstanding theft of US companies' intellectual property , and the move follows President Trump's decision to levy tariffs on steel and aluminium imports from Canada, the European Union and Japan, as relations between the leading G7 nations decline.

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  • Facebook details advertiser policies in 500 page answer-sheet to Senate
Facebook details advertiser policies in 500 page answer-sheet to Senate

On top of this, there are the 39 questions that were submitted to Facebook by United Kingdom members of parliament that, according to committee investigating Facebook's data privacy and fake news issues, the social network had failed to fully answer .

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  • Slain Kansas deputy identified
Slain Kansas deputy identified

Both shootings will be investigated internally, according to The Star. The surviving deputy is female. They also said it was too early in the investigation to give specific details of how the shootings could have happened. Police Officer Zac Blair says authorities are reviewing surveillance video . The Fraternal Order of Police in Kansas City,...

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  • Seattle City Council Repeals 'Head Tax' On Amazon, Etc. Weeks After Enactment
Seattle City Council Repeals 'Head Tax' On Amazon, Etc. Weeks After Enactment

During the council's special public meeting, the actual vote to repeal was almost drowned out by loud chants of "We are ready to fight". Mountain View Mayor Lenny Siegel said Seattle's about-face hasn't changed his support for the tax, the details of which the council and city administrators have been working on for several months.

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  • Pimlico Plumbers loses employment rights case in landmark legal battle
Pimlico Plumbers loses employment rights case in landmark legal battle

The BBC reports the ruling relates to Gary Smith , who had worked exclusively for Pimlico Plumbers for six years. The Supreme Court judgement said: "The dominant feature of Mr Smith's contracts with Pimlico was an obligation of personal performance".

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  • Theranos’ Holmes indicted by feds over blood-test ‘fraud’
Theranos’ Holmes indicted by feds over blood-test ‘fraud’

After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by USA regulators and was sued by investors, and the company let go many of its employees .

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  • Donald Trump Approves Tariffs On USD 50 Billion Worth Of Chinese Goods
Donald Trump Approves Tariffs On USD 50 Billion Worth Of Chinese Goods

If the United States does proceed, China has said that it will respond by placing its own duties on American goods, including soybeans, cars, planes and other products. The list is meant to minimise the impact on US consumers and businesses by selecting goods where there are ample alternative supplies from other countries.

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  • Airline technical issue causes more than 100 flight cancellations at Charlotte airport
Airline technical issue causes more than 100 flight cancellations at Charlotte airport

Thousands of airline passengers were stranded overnight in North Carolina's Charlotte-Douglas International Airport after technical troubles caused a regional carrier to abruptly cancel hundreds of flights. Meanwhile, vehicle rental companies said they are bringing in extra cars to help accommodate the stranded airline passengers. Around 2:45 p.m...

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  • McDonald's to switch to paper straws in United Kingdom after customer concerns
McDonald's to switch to paper straws in United Kingdom after customer concerns

The ban on plastic straws comes as a result of a series of successful trials in certain outlets - and they will soon start in the US, France and Norway. Only 1% are recycled, largely because they are made of a mixture of polypropylene and polystyrene. Speaking in March, Paul Pomroy, McDonald's UK CEO, said "the reduction and use of plastics is ...

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  • Honey Smacks recall: Kellogg's, FDA say cereal is causing illnesses
Honey Smacks recall: Kellogg's, FDA say cereal is causing illnesses

The Centers for Disease Control says this salmonella outbreak has sickened 73 people in 31 states . Media reports quoted United States authorities as saying preliminary evidence had linked the product to more than 60 cases of salmonella .

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  • Is Wetherspoons really banning champagne because of Brexit?
Is Wetherspoons really banning champagne because of Brexit?

Martin - a vocal eurosceptic - said the pub chain is reviewing all of its products in a company-wise reshuffle which could take up to two years, something he hopes will make the business "more competitive". The FTSE 250 company said it would replace sparkling wine from the Champagne region of France with bubbly stuff from Surrey, via British winema...

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  • Trump approves plan to impose tough China tariffs
Trump approves plan to impose tough China tariffs

The size of the approved tariffs matches the scale of duties proposed in April, suggesting the president isn't bowing to warnings that trade penalties may derail relations with China as the US seeks to maintain pressure on North Korea over its nuclear weapons program.

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  • The SEC says Ethereum's cryptocurrency isn't a security
The SEC says Ethereum's cryptocurrency isn't a security

As the United States government begins to crack down on ICOs, the head of the Division of Corporation Finance at the Security and Exchange Commission (SEC) doesn't believe ether ( ETH ) should be classified as a security. The speech shed substantial clarity on a question that has loomed over the industry for some time: namely, whether or not ethe...

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  • Microsoft is developing its own cashierless store technology, says report
Microsoft is developing its own cashierless store technology, says report

The Redmond, Washington company has been courting retailers around the world by demonstrating the technology and has held talks with Walmart Inc. The Amazon Go convenience stores utilize a complex network of sensors on shelves, cameras, and A.I.to track what people pick up and place in their bag.

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  • Donald Trump Approves Tariffs on About $50 Billion of Chinese Goods
Donald Trump Approves Tariffs on About $50 Billion of Chinese Goods

The decision on the Chinese tariffs comes in the aftermath of Trump's summit with North Korean leader Kim Jong Un . Trump's tariffs - as well as tough new investment restrictions and export controls that his administration plans to unveil by June 30 - are a response to an investigation in which the administration accused China of bolsterin...

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  • Saudi Arabia Drives Rise in OPEC Oil Output
Saudi Arabia Drives Rise in OPEC Oil Output

The basic supply and demand situation warrants that. He tackled the subject in a recent posting on EconoFact , published by the Edward R. Murrow Center for a Digital World at the Fletcher School. The group should discuss "the constraining effects of unilateral sanctions imposed by the United States of America, which represent an extraordinary ag...

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  • Achilles The Psychic Cat Correctly Predicts Winner Of First World Cup Game
Achilles The Psychic Cat Correctly Predicts Winner Of First World Cup Game

Just 12 minutes into the match, the Saudi backline got caught out of place after a corner kick, leaving a wide open opportunity for Yury Gazinsky to score the opening goal of the tournament. Canada will officially co-host 2026 FIFA World Cup matches. A total of 23 finalists between the three countries have been selected as possible locations f...

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  • Musk's Boring Company to build high-speed system in Chicago
Musk's Boring Company to build high-speed system in Chicago

The Chicago Tribune reported that Musk and Chicago Mayor Rahm Emanuel were due to make the official announcement on Thursday. The proposed link will shuttle eight to 16 passengers on "skate" electric vehicles in an underground loop between the airport and the Block 37 development in downtown Chicago.

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  • Average worker can't afford 2-bedroom apartment anywhere in United States, report says
Average worker can't afford 2-bedroom apartment anywhere in United States, report says

The report , released by the National Low Income Housing Coalition and the Greater New Orleans Fair Housing Action Center, is already being used to urge city officials to work harder to keep housing prices down, particularly in a city dominated by the low-wage tourism industry.

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  • Tesla's August Autopilot update will begin to enable
Tesla's August Autopilot update will begin to enable "full self-driving features"

The negative coverage of Autopilot, combined with ongoing challenges with Model 3 production, battered Tesla's stock, though it has recovered some losses this month. That level of autonomy may still be years away. 8 seconds prior to the crash, the Tesla was following a lead vehicle and was traveling about 65 miles per hour, before it began ...

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