• Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'
Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'

Asked if he planned to pull out of the WTO , Trump said the trade organization had treated the U.S. A report that US President Donald Trump is looking to walk away from the World Trade Organisation and instead adopt a United States Fair and Reciprocal Tariff Act , or Fart Act, has been greeted with loud amusement on Twitter.

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  • Trump lashes out at Saudi Arabia, urges increased oil supply
Trump lashes out at Saudi Arabia, urges increased oil supply

The Kingdom, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. A US State Department official said in a briefing that more than 50 global companies intend to drop the use of Iranian oil before the 4 November restart of the sa...

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  • Asian factories lose momentum even before Trump's tariffs kick in
Asian factories lose momentum even before Trump's tariffs kick in

USA synth company Moog has warned that a 25% tariff on the import of Chinese goods brought in by President Trump could result in layoffs and the end of its instruments being made in the US. Krugman warns that consequences of these disputes affect the structure of world trade: "The U.S.is now behaving in ways that could all too easily lead to a ...

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  • Wal-Mart draws fire for 'Impeach 45' T-shirts
Wal-Mart draws fire for 'Impeach 45' T-shirts

Walmart Inc.'s (WMT.N) website is selling t-shirts from third-party sellers with "IMPEACH 45" emblazoned across the front in big capital letters - a call to bring down the 45th US president, Donald Trump . When News4Jax searched the link the apparel was found on, it appeared to have been taken down . The Washington Times reached out to Walmart ...

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  • German minister drops threat to quit over migration
German minister drops threat to quit over migration

Chancellor Angela Merkel and her rebellious Bavarian allies searched Monday for a way to resolve a standoff over migration after Germany's interior minister offered to resign, but a compromise looked elusive in the dispute that has rocked her government.

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  • Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls
Leftist Lopez Obrador Wins Mexico Presidential Election: Exit Polls

The United States , which works closely with Mexican law enforcement in its fight against drug cartels, was tired of a softening of Mexico's security policies . But he now supports reaching an agreement with the United States and Canada, though talks have been stalled over Trump administration demands for higher USA content and a "sunset clause...

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  • Reports Show Lopez Obrador With Landlside Win in Mexico Election
Reports Show Lopez Obrador With Landlside Win in Mexico Election

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can".

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  • Blockbuster move: LeBron James signs with the Los Angeles Lakers
Blockbuster move: LeBron James signs with the Los Angeles Lakers

ESPN's top insider Adrian Wojnarowski confirmed the 4-year, $154 million signing on Twitter . They prepared an old-fashioned press release under the letterhead of Paul's agency, Klutch Sports Group, but they weren't sure if or when they'd distribute it.

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  • Lyft joins bikeshare race with Motivate acquisition
Lyft joins bikeshare race with Motivate acquisition

This is the latest step in our commitment towards that effort. Motivate brings a unique perspective on and expertise in operating bike-share platforms in partnership with cities and local governments across the country. The deal also signals a shift for Lyft toward a wider set of transportation options in urban centres. According to Lyft's pre...

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  • Mexico's President-Elect Hopes To 'Reach An Understanding' With Trump
Mexico's President-Elect Hopes To 'Reach An Understanding' With Trump

Although Trump congratulated Lopez Obrador in a Twitter message on Sunday night, a White House aide then reiterated one of the US leader's most controversial campaign promises. "The tendency favors Andres Manuel Lopez Obrador". "If Mr. Donald Trump, I say it with all due respect, does that and militarizes the border, we, in the 3,185 kilometer...

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  • HTC is firing 25% of its staff to cut costs once again
HTC is firing 25% of its staff to cut costs once again

HTC has made a statement which reveals that the company is going to lay off as much as 1,500 people from its manufacturing plant in Taiwan . But, thanks to ramped up competition from other smartphone makers like Apple and Samsung, the company has now found themselves struggling as revenue and sales continue in a downward spiral.

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  • EU delivers stark warning to US over auto tariffs
EU delivers stark warning to US over auto tariffs

Chamber of Commerce President Thomas Donohue said in a statement Monday. The Chamber, the nation's largest business lobbying group and a traditional ally of Trump's Republican Party, said the White House is risking a global trade war with its push to protect US industry and workers with tariffs.

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  • Amazon Prime Members Can Now Try Clothes For A Week Before Buying
Amazon Prime Members Can Now Try Clothes For A Week Before Buying

The launch of Prime "puts Australia on par with other Amazon marketplaces" and hides the difference of buying directly from Amazon versus from a marketplace seller, Kaziukėnas says, ultimately creating a more consistent shopping experience for customers.

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  • Trump says Saudis must compensate for drop in Iran oil supply
Trump says Saudis must compensate for drop in Iran oil supply

First Vice President Es'haq Jahangiri said on Monday that Iran is able to counter the looming USA sanctions, noting that those at the White House who think they can halt Iran's oil export are living in "illusion". Trump's suggestion means he wants Riyadh to increase production to 12 million bpd - something the kingdom has never done in the pa...

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  • China tries to defuse trade pressure, says world benefits
China tries to defuse trade pressure, says world benefits

Australia's S&P/ASX 200 added 0.2 percent to 6,209.70. US crude stocks fell by almost 10 million barrels last week, the most since September 2016, while gasoline and distillate inventories rose less than expected, the Energy Information Administration said.

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  • WTO needs to change ways or U.S. will do 'something'
WTO needs to change ways or U.S. will do 'something'

White House spokeswoman Lindsay Walters told Axios the bill should not be taken as a done deal and some have even suggested the name was an act of subversion by a staff member. Axios quoted a source familiar with the bill as saying the bill was "insane" and Congress would never consent to it. Trump was briefed on the draft in late May, Axios said...

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  • Dell is going public again with tracking stock buyout
Dell is going public again with tracking stock buyout

At the weekend, the WSJ reported the possibility that Dell would attempt to swap privately held shares in itself with the "tracking stock" it created when buying EMC - and the * a target="_blank" href="https://searchwww.sec.gov/EDGARFSClient/jsp/EDGAR_MainAccess.jsp?search_text=*&sort=Date&formType=1&isAdv=true&stemming=true&numResults=10&queryCo...

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  • LeBron James agrees to four-year deal with LA Lakers
LeBron James agrees to four-year deal with LA Lakers

The overhaul was complete, with Buss pushing for more synergy between the front office and ownership with the hopes that it would lead to this kind of prize. Many coaches have seen success with LeBron leading their team on the floor, but his star power has costed the careers of coaches in the past. In all actuality, you didn't have to do anything...

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  • HTC to Cut 1500 Jobs as Revenue Continues to Decline
HTC to Cut 1500 Jobs as Revenue Continues to Decline

As per its own data, the company employs 6,450 employees globally as of June this year, meaning that this layoff represents about a quarter of its workforce. The company reported a 55.5 per cent plunge in April revenues year-on-year and a 46.7 per cent slide in March sales. "Today HTC announces plan to optimize the manufacturing organizations...

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  • Supply risks to bolster oil; OPEC unlikely to fill deficit
Supply risks to bolster oil; OPEC unlikely to fill deficit

However the US State Department then tried clarified those comments after prices jumped, with an official saying that the Trump administration is "willing to work with countries that are reducing their imports on a case-by-case basis"- suggesting that imports of Iranian oil may not reach zero.

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  • Trump’s tariffs could put SC jobs at risk, BMW says
Trump’s tariffs could put SC jobs at risk, BMW says

BMW is the largest auto exporter by value in the U.S. German automaker BMW has now offered its opinion on the domino effect that newly imposed US tariffs have brought to the auto industry. Additionally, the German manufacturer said that there is no correlation between US national security and the domestic manufacture of automobiles. A furthe...

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  • US Treasury Chief Mnuchin Slams Report That Trump Wants To Exit WTO
US Treasury Chief Mnuchin Slams Report That Trump Wants To Exit WTO

What we're hearing: "He's [threatened to withdraw] 100 times". Short's remarks came after a report from American news website Axios emerged earlier on Friday which said that Trump reportedly told officials that he wanted the United States to withdraw from the WTO .

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  • GM says US import tariffs could mean 'smaller' company and fewer jobs
GM says US import tariffs could mean 'smaller' company and fewer jobs

The Commerce Department is soliciting public comment as part of a trade investigation launched in May on whether imports of auto and auto parts threaten US national security, which this administration defines broadly to include economic security as well.

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  • Iran vows to foil U.S. bid to block oil exports
Iran vows to foil U.S. bid to block oil exports

It comes as Mr. Trump pulled the USA out of Tehran's nuclear deal with world powers in May. Late last week, Iran's Oil Minister Bijan Zangeneh urged the Organization of Petroleum Exporting Countries ( OPEC ) to prevent some of its members from increasing output without arriving at a consensus.

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  • Canada Hits US With $12.6 Billion In Retaliatory Tariffs
Canada Hits US With $12.6 Billion In Retaliatory Tariffs

Canadian Prime Minister Justin Trudeau's office said in a statement that the prime minister "had no choice but to announce reciprocal countermeasures to the steel and aluminum tariffs that the United States imposed on June 1, 2018". It's in retaliation for US tariffs placed on Canadian steel and aluminum. "Corporations, as well as our members, ...

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