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North Ireland must be treated equally as rest of UK

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Britain is nearing a March 20-19 deadline to leave the E-U. European Union leaders will meet next week to discuss the terms of the Brexit deal. THERESA May's allies have moved to reassure the DUP that is she is still "a very Unionist Prime Minister". Read More »

Singapore Airlines takes off tonight for the world’s longest flight

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SIA is the world's first customer for the new A350-900ULR, with seven firm orders with Airbus . It covered the 9,000 nautical miles (9,537 miles) in 17 hours and 25 minutes and landed on Friday at 5.24 am NY time, CNBC reported . "The time passed swiftly and had not seen like a 17 and a half hour flight". The journey will be a mammoth 16,700 kilometers lasting just under 19 hours , making it the longest commercial flight worldwide in terms of both distance and time. Read More »

Patisserie Valerie suspends CFO following ‘potential fraud’ discovery

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A spokesperson added that this has significantly impacted the company's cash position, while it could also lead to a material change in its overall financial position. Entrepreneur Johnson bought a 70 per cent stake in the business in 2006, and still holds a 37 per cent interest, having enjoyed success with other chains like Pizza Express. Read More »

Ethereum, Ripple, Bitcoin Prices: Cryptos Suffer A Steep Decline

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Along with XRP and Bitcoin , the exchange also features Bitcoin Cash and Litecoin . Bitcoin prices peaked in late 2017 to nearly $20,000. Predictions aren't ideal projections of prices, but Finder says Bitcoin is likely to close this year at above $10,000 then $20,000 by 2019. Read More »

Mega Millions jackpot soars to more than half a billion

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The Powerball Jackpot for Saturday night is worth $314 million as of Friday afternoon. Friday's winning numbers numbers were 4-24-46-61-70 and a Mega Ball of 7. The lump sum option for that jackpot pays $179.4 million. The Mega Millions jackpot is the third largest jackpot in the game's history. The biggest prize won on a single ticket was for $543 million. Read More »

OPEC downgrades oil demand growth outlook for 2018 and 2019

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IMF Brent crude LCOc1 was down 20 cents at $84.80 a barrel by 0915 GMT after a 1.3 per cent gain on Tuesday. "So there is real commitment in the selling ... Additionally, the US oil drilling rig count rose this week for the first time in four weeks, an indication that production is rising. Still, the monthly report by the International Energy Agency (IEA) on Friday weighed. Read More »

Hurricane affects Gulf of Mexico oil and gas production

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Brent crude futures were down $1.32, or 1.6 percent, at $81.77 a barrel by 0543 GMT. Iran's crude oil exports dropped down to 1. 1 Million bpd (barrels per day) during the start of October, falling down from 1.6 Million bpd in September since the USA sanctions on Iran's oil is just a few weeks away. Read More »

Trump says market drop is 'correction that we've been waiting for'

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If Trump goes further and tries to remove Powell or otherwise influence Fed policy, it could cause him bigger problems. "I think it's good", Trump said of the stock decline. He was persuaded by Treasury Secretary Steven Mnuchin that Powell, who was already a Fed governor, would be a force for stability. Trump owes more than $300 million to Deutsche Bank AG of debt with interest rates that rise or fall depending on Fed policy. Read More »

World's longest flight from Singapore to NY takes off

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It topped the previous longest direct air link between cities - Qatar Airways Flight 921 from Auckland to Doha, which takes 17 hours 40 minutes. Tickets for the new route start at £1,639 in Premium Economy and £3,689 in Business Class. It's now the third longest flight in the world and longest operated by a superjumbo. Premium economy on the Airbus A350-900 ULR. The A340-500 it was using at the time used a lot of fuel and eventually the route became too expensive to run. Read More »

Atlas Robot can now do parkour

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In the company's new video, called " Parkour ", we see Atlas jogging and leaping over a log easily. Atlas' computer vision helps it locate visible markers and find its footing, according to Boston Dynamics. The last time we saw the humanoid robot, it had managed to ideal its running skills, and it managed to hop over logs even though it was a clumsy one. Read More »

James Murdoch In Driver’s Seat To Replace Elon Musk As Tesla Chairman

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The tweets were "false and misleading" according to the SEC, because Musk hadn't discussed or confirmed key terms of the deal before announcing it. ( TSLA ) and the electric vehicle maker's CEO Elon Musk have reaffirmed that they are happy with the terms of their previously agreed settlement and have urged a federal judge to get it approved as soon as possible. Read More »

Facebook says hackers accessed data of 29 mil users

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Perhaps the best news from Facebook is that only 30 million accounts were affected, rather than 50 million it said originally. The social network also found no evidence that attackers used the stolen tokens to access any third-party apps , including those that use Facebook's single-sign-in to log in. Read More »

Ikea reports strong growth in retail sales for FY 2018

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IKEA stores in India house close to 7,500 products, ranging from kitchenware, bathroom accessories, textiles, cleaning products, wardrobes, home electronics, artificial plant décor and more, and are customised as per Indian needs and usage. Read More »

Facebook to pay just £7.4 million on 2017 UK tax bill

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Media reported however that Facebook UK's net tax bill for 2017 will stand at 7.4 million pounds due to a tax relief credit of more than 8.4 million pounds on employee stock awards. Philip Hammond is under mounting pressure to introduce a digital tax in the budget this month after it emerged that Facebook paid a "paltry" £7.4 million in corporation tax past year. Read More »

As Russia pivots to the east, trade with China is booming

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China's politically-sensitive surplus with the USA was $34.13 billion in September, surpassing the record of $31.05 billion in August. China's export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ's China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties. Read More »

Former UK envoy says May's Brexit plan a 'pipe dream'

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Britain has proposed a customs arrangement with the European Union to avoid physical checks between Northern Ireland and European Union member Ireland, until the issue can be resolved with a wider trade deal. No 10 made clear if the DUP voted down the Budget, Mrs May would not quit. Sammy Wilson said: "It was a way of reminding the government that while our vote wasn't important last night, it would be important some time in the future and we would have no hesitation withholding it if we ... Read More »

China's September export growth tops forecasts, surplus with US record high

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Over the first nine months of the year, China's surplus with its largest export market totaled $225.79 billion, compared with about $196.01 billion in the same period last year. The move is part of the wide push from Washington against Beijing , in which the latest episode was the slapping of tariffs on US$250 billion worth of Chinese products. Read More »

Sammy Wilson: DUP is not bluffing over threat to Theresa May

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The Irish foreign minister has told ITV News it is a "deal-breaker" there was no time deadline on a backstop once the United Kingdom leaves the European Union. Staying in a customs union would stop Britain from negotiating new trade deals. On Thursday, The Sun newspaper quoted Downing Street sources as saying that any move by the DUP to vote against the budget due at the end of this month "would be a clear breach of the Tory-DUP confidence and supply agreement - meaning Ulster would also ... Read More »

Lenovo tops worldwide PC market in flat quarter

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Microsoft became one of the top five PC makers in the United States for the first time owing to its Surface devices. The same source mentioned a figure of 24.3 million for the Asia-Pacific region (excluding Japan). Pulling out statistics from the United States, Gartner's report showed Microsoft scraping into the top five device manufacturers, with 602 Windows devices shipped during the three-month period. Read More »

International Monetary Fund cuts global economic growth target to 3.7%

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Citing the U.S. tariffs on China and Beijing's retaliatory measures, as well as U.S. President Donald Trump's plan to impose global automobile and parts tariffs, International Monetary Fund chief economist Maurice Obstfeld said he regards "further disruption in trade policies" as major near-term downside risks. Read More »

Northern Irish party threatens to topple Theresa May's United Kingdom government

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However, the British government would be able to point to criteria under which the arrangement would be terminated, fulfilling the British desire for it to appear to be a temporary arrangement. Rogers, who quit previous year, said Thursday that both May's plan, which would keep Britain in the European Union single market for goods, and rival Boris Johnson's vision of a looser free-trade deal have "precisely zero" chance of being accepted. Read More »

US President Trump calls the US Fed 'crazy', stock declines a 'correction'

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The newspaper said the White House is laying the groundwork for the meeting, saying Treasury Secretary Stephen Mnuchin and National Economic Council Director Larry Kudlow want to de-escalate the trade fight. Economists generally agree that in order to prevent runaway inflation, the Federal Reserve can raise interest rates to restrain the money supply. Trump on Thursday also indicated that the Fed's policies were harming him personally. Read More »

International Monetary Fund to launch financial assistance talks with Pakistan

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Thousands of security personnel have fanned out around key venues in Nusa Dua, just south of Bali's main worldwide airport, with some 32,000 delegates, including finance ministers and central bankers, attending the IMF-World Bank meetings. The U.S. and Chinese exchanges of penalty tariffs in their dispute isn't helping, she said. "It's tempting to be a bit depressed about this perspective but I'm actually hopeful because there is a clear appetite to improve and expand trade", she said. Read More »

Dow sinks 800 as tech companies decline

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The biggest driver for the market over the last week has been interest rates, which began spurting higher after several encouraging reports on the economy. It sets up the Australian sharemarket for steep losses to open the session, with futures at 7:35am AEDT pointing to a fall of 109 points, or 1.8 per cent, at the open. Read More »

I don't like Fed raising interest rates so quickly, says Trump

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A stock market correction is defined as a decline of at least 10 percent from the high point of the past 52 weeks, suggesting that major US indices have further to fall. Powell's goal is to extend the second-longest US economic expansion on record by moving interest rates up just quickly enough to prevent overheating, but not so rapidly that the central bank chokes off growth. Read More »

Risks to global financial system rise

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The US-based organisation's warning comes 10 years after the Lehman Brothers investment bank collapsed in September 2008, resulting in the global financial crisis as Wall Street went into meltdown. The Group of 24 (G-24), a chapter of the G-77, was established in 1971 to coordinate the positions of developing countries on worldwide monetary and development finance issues and to ensure that their interests were adequately represented in negotiations on global monetary matters. Read More »

Dow has worst day in eight months as it drops 800 points

That's helped make technology stocks more volatile in the last few months. The technology-heavy Nasdaq composite dropped 4.1% to 7,422 points, its biggest loss since February 8. "If investors are going to take profits then it will be from some of the bigger, high-growth names", Nauman said. "The direct concern is higher interest rates", said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey. Read More »

Dow ends brutal session with 3.2% loss, Nasdaq -4.1%

The tech-heavy NASDAQ index also traded sharply lower, closing at 7,422.05, down 315.97 points or 4.1 percent. "A sustained rise in rates is probably reflective of improving economic conditions, so that in and of itself isn't necessarily a bad thing for stocks", said Willie Delwiche, investment strategist at Baird in Milwaukee. Read More »

Sears is preparing for bankruptcy as soon as this weekend

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Sears shares were down 31 percent at 40.5 cents in afternoon trading in NY, giving the company a market capitalization of just $40 million. On Tuesday , Sears also brought in restructuring expert Alan Carr as a company director, broadening the six-person board to seven and adding further guidance on how to steer a large company through a bankruptcy filing. Read More »

Google Unveils Pixel 3 Phones, Pixel Slate, and Home Hub

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It's not immediately clear whether this feature will be available on last-gen Chromecasts, or whether it will be exclusive to new models, though. This morning I was about to get up-in-arms about the lack of a headphone jack on the new Google Pixel Slate . Read More »

Trump Administration Examines Path to Waive Iranian Oil Sanctions

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But Iran, OPEC's third-largest producer, has repeatedly said that its oil exports can not be reduced to zero because of high demand levels in the market and has blamed Trump for an oil price rally caused by imposing sanctions on Tehran. It hit a four-year high of $86.74 last week. This option was used to pay for Iranian oil during the sanctions imposed by the United States during Barack Obama's presidency and other European governments. Read More »

Market Outlook: China cuts reserve requirements

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Beijing must draw up strong stimulus policies to inject new momentum into the real economy. Indeed, growth was already slowing before the United States tariffs impact bites and will likely slow further in the months ahead as the impact of tariffs has a greater effect. Read More »