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Australian customers caught in suspected Ticketmaster data breach

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Ticketmaster Australia has revealed a data breach across the weekend resulted in customers' personal and payment information being accessed by an unknown third-party. It says it's working with authorities, credit card companies and banks. Less than five per cent of Ticketmaster's global customer base is thought to have been affected by the cyber attack. Read More »

Trump says finishing US study on tariffs on cars from EU

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The list of goods subject to EU duties does not specifically name brands but European Commission chief Jean-Claude Juncker spelled out in March that the bloc would target "Harley-Davidson and Levi's jeans". Amidst the intense disagreements due to the tariffs being imposed on the foreign metals, the United States has declared to follow the same for the vehicles. Read More »

Instagram launches a Lite app for low-end Android devices

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Instagram said it was testing Instagram Lite in Mexico this week, and the app not only takes up less space, but uses less data and starts faster. Because Instagram Lite is so nimble, users will not have to worry about added costs, or having to delete other apps to install the main Instagram application. Read More »

Harley, stung by tariffs, shifts some production overseas

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In another tweet Tuesday morning, Mr. Trump threatened the company with more tariffs if it tried to sell internationally manufactured products domestically. The company has said ramping up production overseas could take at least nine to 18 months. The company already operates assembly plants in Manaus, Brazil, and Bawal, India, to make motorcycles for those local markets, where tariffs on imported bikes are steep. Read More »

Amazon starting deliveries with Amazon-branded vans

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In April, Mr. Trump tweeted, "I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy". For those in the USA willing to strike out on their own in the service of the e-commerce giant, the Amazon delivery program will offer financial and operational support, the company says. Read More »

Yet another sign San Francisco's housing market is out of control

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In the San Francisco metro area, which includes Marin, San Francisco and San Mateo counties, an income of $44,000 or less for a family of four is considered extremely low, while the upper limit for having a very low income is $73,300. The "low" income level needed to qualify for some affordable housing programs in the Bay Area comes in at $117,400-a-year per household. Analysis from multiple news outlets reveals that in three Bay Area counties, the low income limit is set at $117,400. Read More »

Rupee Crashes To Lifetime Low of 69 Against US Dollar Read In

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The Chinese yuan scaled a six-month low on Wednesday, while other emerging currencies, too, have bled significantly against the greenback. While most currencies have been losing ground against the dollar, the rupee's 8% slide in 2018 makes it Asia's worst-performing currency. Read More »

Conagra Brands to acquire Pinnacle Foods for $10.9 billion

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Including debt, the deal is worth $10.9 billion. As a result, Conagra's refrigerated and frozen food segment has been the company's fastest-growing division, with sales rising 3.8% in the most-recent fiscal year, amid a sluggish. Pinnacle's brands include Birds Eye, Duncan Hines and Hungry-Man. Conagra's portfolio includes such established names as Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim and Orville Redenbacher's plus emerging brands like Alexia, Blake's, Frontera, ... Read More »

Stocks sink on reports US may limit tech exports, investment

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Chinese tech stocks are falling Monday after a Wall Street Journal report said the US Treasury Department is drawing up rules that would prevent firms with 25% or Chinese ownership from investing in US companies involved with "industrially significant technology". Read More »

Social media reacts to the elections — Turkey on Twitter

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Erdogan had 52.5 percent, with 98 percent of the votes counted in his bid for a presidency with broadly expanded powers, according to Anadolu Agency's unofficial results. Other members of his party, HDP, also have been arrested or removed from government positions. Turkey is an important member of North Atlantic Treaty Organisation because of its strategic location bordering Iraq and Syria and close to Russian Federation, and has played a key role in the fight against the Islamic State ... Read More »

White House announces that United States will not impose limits on Chinese investment

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It's also a win for proponents of conciliatory tone in negotiations with China such as Treasury Secretary Steven Mnuchin, who told reporters on Wednesday that moves to strengthen CFIUS aren't meant to single out Beijing. Asked about this apparent change in position, Mnuchin said, "It is not a question of whether we are focusing on China or we are not focusing on China" but rather an issue of using all available tools to deal with US-China trade disputes. Read More »

Trump warns Harley-Davidson against moving production out of the US

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Harley-Davidson announced on Monday that it will shift production of some of its motorcycles overseas in order to avoid retaliatory tariffs by the European Union in response to U.S. Trump points out that earlier this year, "Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand". House Speaker Paul Ryan criticized Trump administration trade policy after Harley-Davidson's announcement. Read More »

China Trade War: Trump Holds Fire On China Investment, Export Rules

This week's big planned Trump administration announcement of emergency investment and export rules targeting China is out, and it doesn't include any rules or even mention China. "After reviewing the current versions of FIRRMA with my team of advisors - and after discussing them with many members of Congress - I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, ... Read More »

China: US Investment Restriction May Include Export Controls

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Citing national security concerns, which the White House says encompass economic as well as traditional defense matters, Trump in late May announced plans to impose steep tariffs on Chinese goods, and then by June 30 to unveil "specific investment restrictions and enhanced export controls" tied to "industrially significant technology" that will apply to Chinese companies and investors. Read More »

OPEC Plan to Raise Production Left No Room for Supply Disruptions

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Meanwhile, Saudi Arabia is said to plan ramping up production, a move that would strain its spare capacity at a time when the market is already coping with falling Venezuelan output and shrinking American inventories. Traders said prices were mostly driven higher by uncertainty around oil exports by Libya, a member of the Organisation of the Petroleum Exporting Countries (OPEC). Read More »

Iran Rial Plunges to New Lows as US Sanctions Loom

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Shopkeepers who refused to do so were mocked by the crowd with the chant , "Cowards!" TEHRAN, Iran-Hundreds protested in the Iranian capital on Monday while merchants in the city's oldest bazaar shut their shops to protest economic woes and a collapsing currency as the USA restores sanctions. Read More »

Saudis Pledge Crude Oil Supply Boost to Benefit Consumers

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SINGAPORE , June 26 ― Oil prices rose today on uncertainty over Libyan oil exports, although plans by producer cartel Opec to raise output continued to drag. Equally important is the fact that for the first time, we have been able to establish a Declaration of Cooperation that brought 25 countries to share responsibility to this one industry that we all belong. Read More »

Trump 'Surprised' That Harley-Davidson Caved in Tariff Standoff

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It appears that move has little to do with Monday's decision by the company to move more manufacturing out of the United States. It makes sense for Harley to reposition its long-term strategy outside the United States: Last quarter, Harley's sales in the United States fell 12%, but they grew 6.8% in Europe, the Middle East, and Africa. Read More »

US stocks slide on escalating US-China trade tensions

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The S&P 500 Index closed down 1.35%, which says many USA 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 . Shares recently hit a new all-time high . New export controls would make it more hard for USA firms to sell technology to China if Washington deems it to be "industrially significant". Read More »

Iran says it can handle fresh sanctions amid unrest reports

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A larger, sustained series of protests could put pressure on President Hassan Rouhani, who has already been harshly criticized by hardliners for his economic record. Tehran's deputy governor Abdolazim Rezaie was quoted on state TV claiming no arrests were made during he protests and that all shops will reopen Tuesday. Read More »

Donald Trump threatens to punish Harley-Davidson for move

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The company, which sold almost 40,000 motorcycles in Europe a year ago, said it planned to absorb those costs rather than pass them on to customers and risk damaging sales. "Taxes just an excuse - be patient!" The company said that it was making the move in response to tariffs from the European Union. To alleviate some of that financial burden, the company announced plans to shift production overseas to existing plants in Thailand, India and Brazil. Read More »

Trump threatens Harley-Davidson with 'big tax' over its tariff response

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The new tariffs on manufactured goods were placed by the European Union in response to President Donald Trump's taxes on imported steel and aluminum. It's still unclear where the company would move the work, but Indian observers on Tuesday hoped that their existing Harley-Davidson production hub would see a boost. Read More »

UK ministers tell companies to stop Brexit warnings

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Chief executive Juergen Maier accused leading Brexiteers including Boris Johnson , Liam Fox and David Davis of using "incredibly unhelpful" sloganeering to suggest that Britain was not afraid of a no-deal Brexit. "A no-deal Brexit must be avoided, as it would force Airbus to reconsider its footprint in the country", states Airbus. Hunt, a senior figure in the government who is viewed as a potential future prime minister, dismissed " siren voices " who say Brexit negotiations are not ... Read More »

U.S. restrictions on Chinese investment next front in trade dispute

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. In a trade-related move, Harley-Davidson said it would shift production overseas to avoid European Union tariffs on its motorcycles. Last week, the White House introduced a 25 percent tariff on $50 billion of Chinese imports to the country. Read More »

Erdogan committed to Russian energy projects after Turkish election victory

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In parliamentary elections held simultaneously with the presidential poll, Erdogan's ruling Justice and Development Party (AKP) won 42.5 percent, falling short of a parliamentary majority. Thank you for your feedback. Erdoğan struck a defiant tone in his victory speech early on Monday in Ankara , saying Turkey had set "an example" for the rest of the world, vowing to carry on military campaigns in Syria, fight terror groups and raise Turkey's global prestige. Read More »

Harley-Davidson will not raise prices to cover tariff costs

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More potential pitfalls for Harley-Davidson and other USA manufacturers could be on the way. The business has seen its products hit with punitive import levies by the European Union as it retaliates against a 25pc tariff the United States placed on imports of steel and 10pc on aluminium. Read More »

U.S. to limit Chinese investment in American tech firms

Trade frictions topped market players' concerns, with heavy selling in Europe and the United States continuing through to Asia after reports Trump was planning new curbs on Chinese investment. A Chinese woman adjusts a Chinese national flag next to USA national flags before a Strategic Dialogue expanded meeting, part of the U.S. A survey released last week by the European Union Chamber of Commerce in China showed that a slim majority of members thought foreign-invested companies are treated ... Read More »

'Waving white flag': Trump hammers Harley-Davidson

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This would cost the company about $90 million to $100 million annually, the manufacturer said and added that it was striving to absorb rather than pass extra costs on to customers in the medium-term. "Remember, they came to us, for example, pointing out that India had a 100 percent tariff on Harley Davidsons". A Harley-Davidson motorcycle on the production line in Kansas City, Missouri. Read More »

Harley-Davidson (HOG) Expected to Post Earnings of $1.36 Per Share

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Harley-Davidson Inc has a 1 year low of $39.34 and a 1 year high of $56.95. The firm is scheduled to report its next earnings results on Tuesday, July 17th. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Harley-Davidson in the fourth quarter worth $424,000. NY now owns 187,609 shares of the company's stock worth $9,546,000 after acquiring an additional 1,491 shares in the last quarter. Read More »

This 'hot dog water' sells for $37.99 a bottle

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This patio season, skip the frosty beer or margarita for this: an ice cold bottle of hot dog water . According to the satirical sign at the stand, Hot Dog Water is "keto compatible", and will help those who drink it "lose weight, increase brain function, look younger, [and] increase vitality". Read More »