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Wal-Mart's online sales surge, tops 1Q expectations

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Wal-Mart and analysts said the company is benefiting from a $2.7 billion investment to increase entry-level wages and enhance the training of its workforce, which has led to better stocked shelves and cleaner stores. Discount retail giant Walmart reported rising comparable sales bolstered by a whopping 63-percent growth in its e-commerce business. The company said most of the growth was from its existing online operations rather than from acquisitions. Read More »

About 37000 AT&T workers go on three-day strike

Workers had given company executives until 3 p.m. ET on Friday to present serious proposals. The strike covers employees with AT&T wireless, wireline and DirectTV in 36 states. The strike would include 21,000 AT&T Mobility workers and would mark the first time the carrier's wireless employees held a strike. The contracts at stake account for only 13% of the company's employees, he added. Read More »

Oil prices fall on White House proposal to sell USA oil reserves

While oil recovered losses after Saudi Arabia and Russian Federation threw their weight behind extending the six-month output reductions, it's still more than 5 percent off post-deal highs. "Slight changes might happen, but deal in its general shape will be nearly the same we agreed upon last December". Brent crude tumbled below $50 a barrel this month as data showed US shale producers were alive and kicking, confounding OPEC's efforts to control the supply glut. Read More »

Trump administration seeks 3.6-trillion-dollar spending cut to balance budget

The full budget is scheduled to come out on Tuesday morning. Trump's plan, drawn up by White House budget director Mick Mulvaney, lands as Trump's GOP allies in Congress are grappling with repealing and replacing former President Barack Obama's health care law and looking ahead to a hard rewrite of the loophole-clogged USA tax code. Read More »

Ex-FBI chief Comey to testify publicly before lawmakers

White House Press Secretary Sean Spicer told the Times in a statement that Comey had put unnecessary pressure on Trump's ability to conduct diplomacy with Russian Federation. The White House said earlier that Trump will not pick new Federal Bureau of Investigation director nominee before he leaves the country. "I just couldn't vote for Trump", he told The Bergen Record. Read More »

Ivanka Trump makes 'deeply meaningful' visit to Western Wall

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Netanyahu said the Israeli people "applaud" the USA president for making the trip. Trump visited the wall as part of his first trip overseas as president, which includes stops at important sites for Christians, Muslims and Jews. "It doesn't look like Trump does much homework". Trump wrote "This was a great honor - peace!" before signing his name in the wall's guest book. Yet, Tillerson also seemed to subscribe to Foggy Bottom's view that the Palestinian issue is a core cause of the ... Read More »

Donald Trump visits Israel in search of revived peace process

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Ivanka Trump converted to Judaism to marry Kushner, an orthodox Jew. On the other: the president of the United States , swaying through an all-male "sword dance" under the stars with the absolute rulers of Saudi Arabia , where publicly calling for any form of political change risks prosecution. Read More »

Ireland's PM steps down as Fine Gael leader

Earlier on Friday Fine Gael leadership challenger Simon Coveney admitted that the momentum is with Mr Varadkar but rejected any suggestion of conceding. "I have chose to implement this decision today", Kenny said in a written statement posted on his Twitter account. He also said he will not stand for reelection as a member of parliament. Read More »

UK's May says police believe they know identity of Manchester attacker

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President Donald Trump called the perpetrators "evil losers". At least 19 of those wounded were in a critical condition, the source said. It did not say whether the attacker was killed. Liberal Democrat leader Tim Farron called off an election visit to Gibraltar and the SNP postponed Tuesday's planned manifesto launch. The explosion went off just as the last song was being performed and the crowd was beginning to exit the arena. Read More »

UNSC condemns North Korea missile test, vows to tighten sanctions

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The South's military said the test provided more "meaningful data" for the North's missile program but whether the North mastered the re-entry technology for the warhead needs additional analysis. "In March and April 2014, small-sized drones believed to be from North Korea were found" in Paju, an island near the western sea border and the city of Samcheok, the report said. Read More »

DOL Says No More Fiduciary Rule Delays

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Acosta to extend the delay, arguing that the whole rule should be put on hold while the agency carries out Mr. Trump's order. The fiduciary rule is a highly contested piece of legislation produced during President Obama's time in office. The FAB also noted that, "to the extent that circumstances surrounding the applicability date of the fiduciary duty rule and exemptions give rise to the need for other temporary relief, EBSA will consider taking such additional steps as necessary". Read More »

Ariana Grande 'broken' after concert attack

Children and young people are feared to be among those killed and wounded in the blast at the Manchester Arena which police are treating as a terrorist incident . She finished the song, and people started leaving the arena. Jonathan Yates, 24, said on the concert floor, there was pandemonium. Twitter and Facebook were filled with appeals for the missing. Read More »

White House Sends Congress $4.1 Trillion Spending Plan

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The Congressional Budget Office has estimated that such cuts would end Medicaid benefits for 10 million people, and some Republicans have expressed unease about such changes. Agriculture Department inspectors at meat and poultry plants. The plan would also sell off half of the nation's emergency oil stockpile to raise $16.5 billion and open up the Alaska National Wildlife Refuge to oil drilling to raise $1.8 billion. Read More »

Nuclear Emergency at Hanford Nuclear Site Poses 'Long-Term Threat' For Salmon

Two tunnels were constructed in the 1950s and 1960s next to the former Plutonium Uranium Extraction Plant (PUREX) located in an industrial area near the centre of the Hanford Site called the 200 East Area. The Department of Energy issued this statement: "There are concerns about subsidence in the soil covering railroad tunnels near a former chemical processing facility". Read More »

Republic stands by Britain after terrorist attack, says Charlie Flanagan

Emergency response vehicles arrive at the scene of a suspected terrorist attack during a pop concert by USA star Ariana Grande in Manchester , northwest England on May 23, 2017 . Since August 2014, the official threat level from global terrorism has been set to "severe" in Britain, which means an attack is "highly likely". Fifty-nine people were injured in what British Prime Minister Theresa May called "a callous terrorist attack". Read More »

Iran accuses US of 'Iranophobia', arming 'dangerous terrorists'

This is a battle between good and evil", he added. Tillerson referred to the visit as "a moment in time" and suggested that the USA would take a more active role in the future in brokering a deal if both sides make serious commitments. Iran and Saudi Arabia have long accused each other of sponsoring militias aligned to their competing sects of Islam in conflicts across the Middle East . Read More »

United Nations condemns North Korea missile launch, vows new sanctions

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South Korean Foreign Minister Yun Byung Se (L-table) speaks to members of the Security Council during a meeting on nonproliferation of North Korea at United Nations on April 28, 2017 in New York City. North Korea has in recent years touted its drone program, a relatively new addition to its arsenal. North Korea fired a. Last week, North Korea repeated a vow to strengthen its nuclear strike capability as long as the U.S. Read More »

Ex-Barcelona president Rosell held in money laundering probe

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Authorities said the operation looked into the alleged illegal payments received by Rosell and other people involved in promoting Brazil's games. Sandro Rosell left his position as Barcelona president in 2014. The 53-year-old used his company, Ailanto Marketing, to organise friendlies for the Brazilian national side and allegedly charged "irregular" commissions for doing so. Read More »

Trump inadvertently reveals that Israel provided the intelligence he shared with Russian Federation

U.S. President Donald Trump arrived in Israel after a direct flight from Saudi Arabia . While Israel claims to have annexed East Jerusalem , the worldwide community has not recognised that move and considers it occupied territory. Trump left for Jerusalem immediately after the welcome ceremony for his meeting with Rivlin at the President's House amid heightened security with all the major roads in Jerusalem completely gridlocked. Read More »

UK budget deficit widens more than expected as VAT revenues stall

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April's borrowing jump was fuelled by a £3.5 billion rise in central government spending to £61.9 billion, with tax receipts lifting by £2.1 billion to £56.9 billion. "The figures suggest that the slowdown in GDP growth in the first quarter won't be just a blip". Chancellor of the Exchequer Philip Hammond has set a target of 2025 to erase the budget deficit, which remains high compared with other advanced economies. Read More »

Ford to Cut 10% of Salaried Workforce in Asia, North America

The statement from Ford today confirms that the company plans to make roughly 10% cuts to its salaried workforce in North America and Asia Pacific, using voluntary retirement packages. The Wall Street Journal reported Monday that Ford prepares to cut 10 percent of its 200,000-person worldwide workforce, but the person informed on the strategy challenged that figure. Read More »

Snapchat reports mere 166 million daily users, growth nosedives!

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Revenue surged 286% year-over-year to $ 150 million , but that still fell short of Wall Street's projected $158 million. Snap Inc (NYSE:SNAP) shares have fallen by a huge 23 percent in after-hours trading. Another factor which could be driving users away from Snapchat , is the fact that Facebook and Instagram have copied numerous features from Snapchat over the past 12 months. Read More »

Germany, France pledge new effort to strengthen eurozone

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German and French finance ministries will set up a joint working group to make proposals for strengthening the eurozone, German Finance Minister Wolfgang Schäuble said Monday after a meeting with new French Finance Minister Bruno Le Maire in Berlin . Read More »

Iran foreign minister scorns Trump after speech, arms deal

Fisk made the remarks in an article, titled " Donald Trump's speech to the Muslim world was filled with hypocrisy and condescension ", published by The Independent on Monday, a day after the United States president spoke to a gathering of Muslim and Arab leaders in the Saudi capital Riyadh . Read More »

Medical equipments, Smart phones, cement to have lower taxes under GST

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In addition to the benefit of lower headline rates of GST, the service providers shall be eligible for full input tax credits (ITC) of GST paid in respect of inputs and input services. Along with CST, octroi, entry tax, etc., the present total tax incidence on them works out to more than 13 percent. However, exact formulation for the same is yet to be finalized. Read More »

Trump Today: President makes bid to revive Mideast peace process

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The Palestinian president greeted Abbas outside the presidential palace and the two men walked along a red carpet onto its grounds. President Donald Trump's visit to Israel today and his short stop tomorrow in the West Bank is the opportunity that he and his staff dreamed of: finally, the Russian Federation investigation isn't the only subject the media is talking about. Read More »

Who are the lawyers and judges debating Trump travel ban?

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Gould's inquiry must have stung. Katyal responded later to that point, arguing that the challengers were "not trying to get into the President's head", since the challengers had many actual statements by Trump that he acted to achieve "a complete shutdown of Muslims entering the country". Read More »

Trump urges Mideast nations to drive out 'Islamic extremism'

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Speaking to dozens of leaders at the Arab Islamic American Summit in Riyadh , he emphasised mutual priorities and joint action. Earlier Sunday, Trump discussed security and arms deals with Gulf leaders before taking part part in a Saudi-led summit with leaders of the six-nation Gulf Cooperation Council (GCC), where the agenda included conflicts in Yemen and Syria as well as relations with Iran . Read More »

No reports yet of South Africans affected by Manchester terror attack

Forensics investigators work at the entrance of the Manchester Arena, Britain May 23. Joseph Carozza, a representative from Grande's USA record label, said the singer is OK and they are investigating what happened. Trump, speaking during a visit to Bethlehem, said "evil losers" were behind the attack. He says this "wicked ideology must be obliterated". And I mean completely obliterated, " he added. Read More »