• ‘Death to Palestine’ chants erupt at Iranian economic protests
‘Death to Palestine’ chants erupt at Iranian economic protests

In one move aimed at conserving those dollar reserves, Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari has banned the import of 1,339 products categorized as "non-essential goods" that he said can instead be produced within the country.

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  • Azerbaijan welcomes OPEC decision to increase oil output
Azerbaijan welcomes OPEC decision to increase oil output

As the fourth-largest producer of oil in sub-Saharan Africa, Congo wants to increase its oil production this year to 300,000 barrels a day, the Minister of State and chief of staff to the head of state said earlier this year. ICE August Brent lagged slightly, settling $2.50 higher at $75.55/b. Al-Falih signaled that supply would increase by nea...

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  • U.S. pushes allies to halt Iran oil imports, waivers unlikely
U.S. pushes allies to halt Iran oil imports, waivers unlikely

He said Indian and Chinese companies would be subject to the same sanctions as those in other countries. The official did not rule out the possibility that the White House would extend waivers to certain nations, but said that there are no active negotiations over such waivers at this time.

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  • Harley-Davidson move shows United States facing 'consequences' of tariffs: European Union
Harley-Davidson move shows United States facing 'consequences' of tariffs: European Union

Harley-Davidson will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas as it faces spiralling costs from tariffs . But Trump says that's just an excuse. Trump was aboard Marine One late Monday afternoon, flying over the Potomac River toward Joint Base Andrews in Maryland, when he pecked out a twee...

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  • China, EU teaming up against Trump in trade war
China, EU teaming up against Trump in trade war

The S&P 500 Index closed down 1.35%, which says many United States investors believe the worst case scenario won't happen with a trade war and I hope they're right but we're gambling with the former casino owner called Donald Trump . Chinese officials deny foreign companies are required to give up technology. The Trump administration accuses Be...

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  • Trump warns Harley-Davidson: 'They will be taxed like never before!'
Trump warns Harley-Davidson: 'They will be taxed like never before!'

US President Donald Trump tweeted his disappointment at Harvey-Davidson's decision which he characterised as the company waving the white flag of defeat. The measure came in response to new U.S. duties of 25 percent on steel and 10 percent on aluminum imposed by the Trump administration. Martinez added.

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  • Turkey elections: was Recep Tayyip Erdogan’s victory fair?
Turkey elections: was Recep Tayyip Erdogan’s victory fair?

Turkey and Russian Federation have put aside their traditional rivalries and differences on regional issues to forge closer ties. Turkish President Tayyip Erdogan greets his supporters at the AKP headquarters in Ankara , Turkey on June 25.

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  • China and Europe warn trade war could trigger global recession
China and Europe warn trade war could trigger global recession

Lighthizer said that getting China to open its market to more US exports was significant, but that it was far more important for the United States to resolve issues with China such as forced technology transfers and cyber theft. Trump threatened to hit another $200-billion of Chinese goods with an extra 10 percent tariff after Beijing retaliated....

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  • Harley-Davidson to make more motorcycles outside the US
Harley-Davidson to make more motorcycles outside the US

Harley-Davidson Inc said on Monday it would not raise retail or wholesale prices for its dealers to cover the costs of the retaliatory tariffs by the European Union on U.S. Analysts project the company will earn about US$591 million this year on US$5 billion of revenue. Since Harley-Davidson wants to avoid passing those new costs onto buyers in t...

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  • United States plans limits on Chinese investment in technology firms
United States plans limits on Chinese investment in technology firms

Last week, Chinese President Xi Jinping told a group of American and European multinational chief executives that his country was planning to strike back against the latest trade actions by the US, according to the Wall Street Journal . New export controls would make it more hard for United States firms to sell technology to China if Washington de...

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  • Donald Trump criticises Harley-Davidson for decision over tariffs
Donald Trump criticises Harley-Davidson for decision over tariffs

US companies that make higher-value goods like motorcycles are now getting hit by export tariffs on their products and import tariffs on their raw goods. President Donald Trump attacked Harley-Davidson on Twitter after the company announced it was shifting production out of the U.S. due to Trump's trade fight with the European Union.

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  • Harley-Davidson Moves Some Production Out of US After Tariffs
Harley-Davidson Moves Some Production Out of US After Tariffs

Equities experts predict that Harley-Davidson, Inc. will post $3.39 earnings per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $3.96 per share, with EPS estimates ranging from $3.80 to $4.05.

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  • Turkey elections: Tayyip Erdogan wins presidential race
Turkey elections: Tayyip Erdogan wins presidential race

The main rival of President Recep Tayyip Erdogan in a weekend presidential election said on Monday that he accepted results handing victory to the Turkish strongman in the first round. Malaysian opposition leader Anwar Ibrahim expressed his "heartiest congratulations" in a letter to the Turkish president, in which he said: "I also congratulate th...

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  • Harley-Davidson To Shift Some Production Overseas Due To Trade War
Harley-Davidson To Shift Some Production Overseas Due To Trade War

Harley's filing follows a profit warning last week from Daimler AG, which cited escalating tensions between the USA and China. Harley-Davidson announced its intentions in regulatory filings posted to the company's website on Monday, June 25.

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  • Thousands of protesters call for 'People's Vote' on final Brexit deal
Thousands of protesters call for 'People's Vote' on final Brexit deal

In an interview with ITV, Nigel Farage, has spoken about these development and said that: "Brexit done properly will make this country richer". Speaking to the Daily Express, Mr Davis said that Britain was "able to leave without a deal". Writing in the Sun , Mr Johnson said the public were keen to get on with breaking away from Brussels. "The ...

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  • Trump's Tariffs Are Forcing Harley-Davidson To Move Jobs Overseas
Trump's Tariffs Are Forcing Harley-Davidson To Move Jobs Overseas

In response to the USA tariffs, the European Union began charging import duties of 25 percent on a range of US products including big motorcycles like Harley's on June 22. But instead of asking its customers to make do with the price hike, Harley-Davidson will instead absorb these costs. Shares of Harley were down 1.7% to 43.45 before the open ...

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  • Harley, blaming tariffs, will shift some manufacturing overseas
Harley, blaming tariffs, will shift some manufacturing overseas

Motorcycle maker Harley-Davidson is going on a road trip. The company sees an annual impact due to the tariffs of about $90 million to $100 million and expects an incremental cost of about $2,200 per average motorcycle exported from the United States to the EU.

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  • Brexit supporters urge Theresa May to walk away without European Union trade deal
Brexit supporters urge Theresa May to walk away without European Union trade deal

Trade minister Liam Fox, an arch eurosceptic, insisted that the prime minister was still prepared to walk away from the talks if no satisfactory deal was reached. The UK is yet to define exactly what it wants in its future relationship with the EU. He also accused the Russian government of "contaminating" the vote, adding Brexit "creates a more...

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  • Italy, Germany leaders clash as migration rows split EU
Italy, Germany leaders clash as migration rows split EU

Though arrivals across the Mediterranean are only a fraction of what they were in 2015, when more than a million people reached Europe, a recent opinion poll showed migration was the top concern for the EU's 500 million citizens. But Rome objected to provisions that said asylum seekers would have to be returned to the European Union country they ha...

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  • 9,000 whiskey barrels crash to ground in warehouse collapse in Kentucky
9,000 whiskey barrels crash to ground in warehouse collapse in Kentucky

The Emergency Management director said he has attended to warehouse fires, but never a collapse. A portion of a warehouse housing thousands of barrels of bourbon collapsed in Kentucky on Friday, sending roughly half of those barrels crashing to the ground.

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  • Rats break into Indian ATM and eat cash worth £13,000
Rats break into Indian ATM and eat cash worth £13,000

The rats munched through an estimated 1.2 million rupees (£13,000) worth of hard currency, local media reported. Police in India said a rat was to blame for destroying about $20,000 worth of currency inside a state-run bank's ATM. Rats have eaten their way throughout more than 1m rupees of banknotes after entering a cash machine in north-east Ind...

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  • Bank holds rates at 0.5%, but moves closer to a hike
Bank holds rates at 0.5%, but moves closer to a hike

Minutes of the MPC meeting showed Haldane (pictured below) joined Michael Saunders and Ian McCafferty, the committee's two hawks, in believing the United Kingdom economy could cope with a slightly higher cost of borrowing. "A number of indicators of household spending and sentiment have bounced back strongly from what appeared to be erratic weaknes...

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  • Key elements of euro zone debt relief for Greece
Key elements of euro zone debt relief for Greece

But a 2014 tranche of 387 million euros was held by the ESM, part of a 1.8 billion-euro total earmarked to cover some Greek debt payments in exchange for the government pressing ahead with reforms demanded by its creditors. - Euro zone finance ministers will review in 2032 if additional debt measures are needed to ensure that Greek gross financing ...

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  • MoviePass is going to introduce surge pricing on popular movies by July
MoviePass is going to introduce surge pricing on popular movies by July

Currently, it offers two plans: one that costs $9.95 per month and allows users to see a new 2D film every day, or a $7.95 per month version, for which users may see three 2D movies per month . Like MoviePass , membership is on an individual basis, so you can't use your A-List benefits to reserve tickets for other people. MoviePass purchase...

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  • Doggie day lifts mood for city's workers
Doggie day lifts mood for city's workers

Petbarn Ipswich store manager Amanda Matthew said there were a lot of facts to support having a dog in the office. "Maybe your co-worker might be scared of dogs or really allergic", Lafaille told CBS News. Dog Friendly Ireland Day highlights the small but effective changes that can help make Ireland more accesible to dogs and their owners. Bu...

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