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India hikes interest rates for first time in four years

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The Reserve Bank of India on Wednesday raised its policy rate for the first time in over four years, due to inflation concerns, and it surprised some analysts by keeping its policy stance as "neutral". "Rate hikes alone can not arrest the depreciation of the rupee". A predicted normal monsoon is also expected to sustain the Indian economy's growth - for which agriculture is a cornerstone - over coming months. Read More »

Murdoch bid for Sky to go ahead with sale of Sky News

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Fox has been chasing approval from United Kingdom regulators since 2016 to buy the 61% of Sky it does not already own. The UK Government's Culture Secretary, Matt Hancock MP, has cleared both Comcast and 21st Century Fox to pursue their respective bids for Sky, albeit with caveats. Read More »

Hack of DNA Website Exposes Data From 92 Million Accounts

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The genealogy site MyHeritage has been hacked, exposing the emails and disguised passwords of its 92 million users and raising questions about the security of its DNA databases. Since the date of the breach, MyHeritage said, "we have not seen any activity indicating that any MyHeritage accounts had been compromised". Credit card information, for example, isn't stored on the website but with trusted third-party payment processors like BlueSnap and PayPal. Read More »

Tesla shareholders meeting: What kind of show will Elon Musk put on?

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Shares were stable then, by Tesla standards, but deteriorated with numerous production delays for the Model 3 sedan, multiple fatal crashes involving Tesla's much-hyped Autopilot driver-assistance system and a freaky and combative earnings call with equity analysts - all of which have weighed on the stock since early March. Read More »

Mnuchin urged Trump to exempt Canada from steel and aluminum tariffs

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The USDA's website offers a blunt contradiction of Trump's claim: "Under the North American Free Trade Agreement (NAFTA ), Mexico and the United States have eliminated all tariffs and quantitative restrictions on agricultural goods". "He hates these multilaterals. he hates large treaties". On Friday, Trump said he might prefer to end NAFTA in favor of separate bilateral agreements with the two US neighbors. Read More »

Qatar Air CEO Says a Woman Could Never Do His Job

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The comment came minutes after Al-Baker - who has a reputation for hitting out at rivals and suppliers over poor performance - had joked that one of his roles as the new chairman of IATA was to be less controversial. 'I think one of the reasons Qantas turned it around so dramatically is that we've embraced diversity'. He said recently: "It's the right business thing to do and it's the right moral thing to do". Read More »

Petrol prices hit four-year high

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The average prices of both petrol and diesel have gone up every day since 22 April, the motoring group said. Drivers were hit by the worst petrol price rise in 18 years last month, with the cost at the pump rocketing by a "hellish" 6p a litre . Read More »

American Airlines flight from San Antonio makes emergency landing in El Paso

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An American Airlines plane diverted to El Paso Sunday due to a cracked windshield, the FAA said. The aircraft, an Airbus A319 with 130 passengers and a crew of five, landed safely at 8:03 p.m. He said the engines, including the fan blades, were not damaged. The pilot of the plane reported "virtually no visibility" from the front window and was forced to make a blind landing. Read More »

Google’s Pentagon AI project won’t be renewed after employees protest

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The company would need to use footage gathered by military drones to build its machine learning models, but it lacked the official government authorization to hold that kind of sensitive data in its cloud. But Google has also been facing outside pressure. Of course, this move disappointed a lot of Google employees and nearly everyone who believed in the " Don't be evil " tagline of the company. Read More »

May tells Trump that U.S. tariffs on European Union steel are unjustified

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Last year Macron said that he tried to stop the United States leader from pulling out of the Paris climate change agreement, but this was to no avail as he continued to do so. A new initiative, led by Freedom Partners Chamber of Commerce, Americans for Prosperity and The LIBRE Initiative, will spend millions opposing President Donald Trump's tariffs in support of free trade policies. Read More »

Koch brothers at odds with Trump’s trade tactics

The Trump administration gave the parties plenty of time to negotiate their way out of the tariffs, but apparently they didn't take the matter serious enough to come to the negotiation table with enough to sway the USA from making the move. Read More »

Apple WWDC 2018: Livestream, India start time, how to watch, expectations, etc

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The default Photos app in iOS finally has a built-in intelligent search feature - you can now search for multiple terms, locations, and more . Siri will also suggest that you add appropriate skills to your Shortcuts. It'll be available on the Apple Watch Series 1 and later, so anyone with an original Apple Watch will remain on watchOS 4. This makes it very easy to see how much time you are spending in certain apps and you can also set limits which notify you when you hit a set ... Read More »

Starbucks faces long road in racism fight after massive training

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Coffee lovers all over the U.S. were left bereft as Starbucks closed all 8,000 company-owned franchises yesterday afternoon to educate staff on racial bias. If you were planning to stop by Starbucks for an afternoon pick-me-up Tuesday, you'll need to make new plans. Employees will be watching videos about bias featuring company leaders and rapper Common, the company said in a statement to preview the "curriculum". Read More »

Howard Schultz stepping down from Starbucks, doesn't rule out presidential run

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Howard Schultz will step down as chairman of Starbucks later this month, he told employees Monday. Mr. Schultz's legacy as an entrepreneur will be defined as much for his vision to create a global coffee chain as it will be for his progressive approach to running the company - or as he has often said, "to build the company my father never got to work for". Read More »

What will Apple announce at WWDC? iOS 12, MacBook, iPhone SE2 rumours

Apple did not officially announce an iOS 12 release date, but given the software usually launches around the time of new iPhone models in September, you can probably expect it then. We're set to hear the first official word of iOS 12, watchOS 5 , macOS 10.14 and much more, so scroll down below to find out how you can watch and learn about this first. Read More »

China warns USA trade deals off if tariffs go ahead

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The discussions in Beijing , led by US Commerce Secretary Wilbur Ross and Chinese Vice Premier Liu He, were meant to ease tensions after Washington said on Tuesday it would follow through with tariffs on Chinese imports despite a truce reached between the two sides last month. Read More »

Google to End Involvement in Pentagon AI Project

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Three sources who were at the meeting told Gizmodo that Greene attributed Google's decision to let the contract expire "because the backlash has been awful for the company". In addition, another 4,000 employees signed a letter to CEO Sundar Pichai urging him to abandon the program. An internal petition calling for Google to stay out of "the business of war" garnered thousands of signatures, and some workers reportedly quit to protest a collaboration with the military. Read More »

Jordan: thousands protest against IMF-backed austerity measures

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Many Jordanians feel they are being squeezed financially by a government they perceive as corrupt and say they are not getting services for the taxes they are asked to pay. On Thursday, the government announced it would raise fuel and electricity prices from Friday, sparking protests across the country. The IMF-backed measures have sparked some of the biggest economic protests in five years. Read More »

It could be you: €4.3m Lotto jackpot won in Limerick

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Marie, Toronto the Sault Ste. Two tickets sold in the Sault Ste. There have been three $50 million Lotto Max jackpots won in B.C. National Lottery representative Robert Magee said there might be some truth to suspicions of Limerick being a lucky county for lotto participants: "Believe it or not, but this is Limerick's 60th lotto jackpot victor in the 31 years since the lotto begun". Read More »

Lunch with Warren Buffett goes for more than $3.3 million

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A bid of $3,300,100 won a private lunch with Warren Buffett in the 19th annual auction to benefit the Glide Foundation of San Francisco, about $620,000 more than previous year but about $156,000 short of the record. "Glide really takes people who have hit rock bottom and helps bring them back. They've been doing it for decades", Buffett said. Sears will close 63 more stores. Read More »

Germany’s Merkel to work with Italy’s populist new govt

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In her words, cohesiveness among currency block members is important, "but solidarity between European partners should not lead to a debt union but help its members to help themselves". "In the future we will have to react to the challenges that we are faced with", she said. Merkel also addressed plans to upgrade the European Stability Mechanism (ESM), which oversees bailout loans to troubled member states, such as Greece, into a European Monetary Fund . Read More »

Microsoft passes Google parent Alphabet in market value

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Since taking over four years ago, Nadella has helped more than double Microsoft's stock price, and the business has gone from being a 40-plus-year-old company to a modern tech icon. The market worth of Microsoft is now over $749 billion, $10 billion ahead of Alphabet's $ 739 billion . Amazon's AWS is right now the market pioneer in the cloud space. Read More »

USA unemployment rate fell to 18 years low at 3.8%

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The unemployment rates for African-Americans and Asian-Americans reached record lows. The strength on Wall Street came following the release of a report from the Labor Department showing stronger than expected job growth in the month of May. Read More »

Kinder Morgan Canada (KML) Price Target Cut to C$17.00

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Neil Chantler, a lawyer representing pipeline activists, said Kinder Morgan was attempting to get a "carte blanche" injunction to limit protesters on any related worksite in B.C. The Burnaby Residents Opposing Kinder Morgan Expansion have planned a protest at Liberal MP Terry Beech's office Monday afternoon. The proposed expansion of the Trans Mountain pipeline, from Canada's oil-rich Alberta province to the west coast, would almost triple its capacity to 890,000 barrels per day and ... Read More »

Italy's Giuseppe Conte sworn in as Prime Minister of anti-establishment government

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Salvini canceled his scheduled appointments in northern Italy to fly to Rome and was expected to have a private meeting with Di Maio, a political source said. He's also shared anti-immigrant memes on social media. "Concerns that populists might consider the idea of issuing mini-BOTs, a short-term debt instrument often described as a disguised parallel currency, have especially fanned investor fears over Italy, where support for the European Union is relatively low". Read More »

Petrobras CEO resigns after Brazil truckers' strike

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Two years ago, former energy minister Mr Parente pegged the price of fuel in Brazil to worldwide oil prices, which have since nearly doubled. The company has stated that an interim CEO will be selected today by the Board and that no other senior executives are leaving the company. Read More »

China warns US against imposing trade sanctions as talks end

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China has warned United States against slapping tariffs on Chinese goods as another round of bilateral talks on trade disputes ends in Beijing . "Our meetings so far have been friendly and frank , and covered some useful topics about specific export items", Ross told the Chinese trade team led by Liu, President Xi Jinping's right hand-man on economic issues, on Sunday morning. Read More »

Google to scrub US military deal protested by employees

According to Gizmodo , Google's current contract for Project Maven lasts until 2019. Google cloud boss Diane Greene Google Diane Greene, CEO of Google Cloud, informed employees of the company's decision on Friday, unnamed sources told Gizmodo . Read More »

Britain's funeral sector to be investigated amid soaring costs

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It will examine whether funeral directors were providing "clear" prices and services information and look at how prices have changed over time. Britain's Competition and Markets Authority, conducting a separate investigation into the sector, said the average cost of a funeral was almost 3,800 pounds ($5,051) in 2017, with those on the lowest incomes potentially spending up to one third of their annual income on a funeral. Read More »

Emergency landing as plane passenger's body odour causes others to vomit

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A Boeing 737-800 aircraft of low-priced airliner Transavia is seen on January 26, 2015 at Paris-Orly airport in France. Adding to the plane's already terrible aroma, some passengers began throwing up in the aisles. The culprit may have left, but his influence lingered. Due to the smell, the cabin crew decided stopped serving food and drinks. "Nobody could stand the stench", Van Haut said. Read More »

Amazon US Website Blocked In Australia

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While Amazon did not specifically mention this, the ban will most likely apply to other Amazon online stores (such as those for Germany, UK, Japan, etc.), as goods bought from those stores are also susceptible to the same tax. In response to GST laws. The move was made in a bid to "level the playing field" for Australian retailers who were losing out to cheaper worldwide competition. Read More »