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U.S. and China to hold trade talks in Beijing next week

Agriculture Department's undersecretary for trade and foreign affairs, Ted McKinney; the U.S. Department of Energy's assistant secretary for fossil energy, Steven Winberg; and other senior officials. He campaigned on a pledge to make trade fairer for the USA and to help American manufacturers. The Wall Street Journal earlier reported about the trip and said that if there is progress in negotiations, Chinese trade officials led by Vice Premier Liu He will follow up with talks in ... Read More »

Qualcomm kickstarts iPhone sales ban

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Apple, which could do with every iPhone sale it can get after this week issuing its first profit warning since 2002 , said at the time that it plans to appeal the ruling, with the aim of delaying - and ultimately overturning - the sales injunction. Read More »

Women's fashion drives weekly fashion sales at John Lewis

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John Lewis is the first retailer to update on trading at the end of a tough year for a sector that has seen a string of chains going out of business and rival department stores Debenhams and House of Fraser announcing store closures. John Lewis said "a more meaningful picture" of trading for the six weeks ending 29 December will be released on 10 January . The John Lewis Partnership itself revealed in September a 98.8 per cent crash in half year profits as it battles against "challenging ... Read More »

Agreement waives almost $13.9 million of debt for MI students

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CEC, a for-profit education company based in IL, now offers primarily online courses through American InterContinental University and Colorado Technical University. "CEC's practices were unfair to students as well as taxpayers who supported federal student loans that were destined to fail", Miller said. Thursday's settlement comes as for-profit colleges have been given more regulatory leeway by the Trump administration, in contrast to the Obama administration's crackdown on the industry. Read More »

United States team to visit China for trade talks

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As a result, the president initiated tariffs that made certain goods imported from China more expensive to USA citizens, damping demand for these products. Trump initiated the trade war because of complaints over unfair Chinese trade practices - concerns shared by the European Union, Japan and others. Beijing last week announced a third round of tariff cuts, lowering import taxes on more than 700 goods from January 1 as part of its efforts to open up the economy and lower costs for domestic ... Read More »

MoD removes anti-drone military hardware from Gatwick

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Passengers wait at the North Terminal at London Gatwick Airport , south of London, on 20 December 2018 after all flights were grounded due to drones flying over the airfield. Gatwick says it's already panic-spent a massive £5m on anti-drone tech to mitigate future attacks, although neither airport has said what particular brand or aerial protection solutions they're buying, lest someone work out how to hack them within, say, five minutes of being deployed atop the roof of the on-site fire ... Read More »

Apple cuts sales expectations following China tariffs

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Apple is now the highest-profile multinational corporation to warn that the economic slowdown in China could hurt its business. Apple shares are down 9.27% in midday trading on Wednesday at $143.28. While China's economy is undoubtedly a big challenge for Apple, possibly more challenging in the long run will be users' attitudes toward smartphone upgrades. Read More »

Oil prices reverse course and trade sharply higher

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Output averaged 11.16 million barrels a day, up 1.6 percent from 2017, according to preliminary data from the Energy Ministry's CDU-TEK unit. It got "billions of rubles in extra oil revenues - and the country didn't even sacrifice much of its crude production in return". Read More »

RBI reduces printing of Rs 2000 note to minimum

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The share of Rs 2000 notes in the total currency circulation has experienced a steep decline, from 50.2 percent in March 2017 to 37.3 percent in March 2018. Banker Uday Kotak has said the outcomes would have been different if demonetisation was planned well. So, two years after its introduction, the currency note which aimed at ending circulation of fake currency and black money, appears headed to a slow extinction. Read More »

Apple Stock Price Plunges After Earnings Warning

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The rather tenuous grip on counterfactual optimism that has powered markets for the last few unconnected days could be pretty well undone by a concrete example of fallout from a global trade war and massive selling on the stock of a company with a market cap of $750 billion. Read More »

Oil falls toward $53 on economic worries and surging supply

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J.P. Morgan said in November that Brent crude prices will average $73 a barrel in 2019, down from an earlier prediction of $83.50, in part due to North American supply ramping up in the second of the year. "Do you think it's just luck that gas prices are so low, and falling?" The energy minister for the United Arab Emirates said on Tuesday he remained optimistic about achieving a market balance in the first quarter. Read More »

China confirms U.S. trade talks in Beijing next week

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This was stated by us President Donald trump . "It's not going to be just Apple". Hassett says that Apple and other US companies operating in China, will see their business return in the country if the USA can have a successful negotiation with China. Read More »

Union sues GM, says laid-off workers should replace temps

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The UAW, which will negotiate a new national labor deal with GM this year, has vowed to fight the cuts. The lawsuit, filed on Wednesday in U.S. District Court in OH, was the union's first counter-move to GM's decision in late November to put five North American factories on notice for closure. Read More »

Kansas ranks 5th in nation for people moving from state

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In the Midwest, Illinois had the highest share of outbound moves, with 66 percent of relocations going out of state and just 34 percent coming in. More retirees moved out of OR previous year than moved to the state, the study noted. "We're also seeing young professionals migrating to vibrant, metropolitan economies, like Washington, D.C. and Seattle". For comparison, 56.3 percent of DE moves were newcomers, while 52.1 percent of Pennsylvania moves were incoming. Read More »

Girl Scout cookie season kicks off

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The cookie is also gluten-free. It's the second gluten-free cookie offered by the Girl Scouts to go along with the classics like Thin Mints, Tag-Alongs and Do-Si-Do's. "Through the Girl Scout Cookie Program, cookie customers help fund life-changing Girl Scout experiences while building the next generation of female entrepreneurs", said GSUSA CEO Sylvia Acevedo. Read More »

Girl Scout cookie season kicks off

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The cookie is also gluten-free. It's the second gluten-free cookie offered by the Girl Scouts to go along with the classics like Thin Mints, Tag-Alongs and Do-Si-Do's. "Through the Girl Scout Cookie Program, cookie customers help fund life-changing Girl Scout experiences while building the next generation of female entrepreneurs", said GSUSA CEO Sylvia Acevedo. Read More »

Kentucky police 'mourn' after doughnut truck catches fire

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And the New York Police Department said they were ready to help, saying they were sending backup donuts. The treat is also pretty cheap, and pretty delicious, so it's no surprise that the Krispy Kreme truck fire-wherein the number of donuts lost is still unclear-connected officers around the country. Read More »

IL is among top states for outbound moves

The other states popular with those seeking to re-locate in 2018 included Oregon, Idaho , Nevada, Arizona, South Carolina, Washington, North Carolina, South Dakota and the District of Columbia. NY (61.5 percent), and MA (56 percent) were the others. New additions to the 2018 top outbound list include Iowa (55.5 percent), Montana (55 percent) and MI (55 percent). Read More »

Rail Fares Increase By 3.1% As Punctuality Hits A 13-Year Low

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Rail campaigners have described it as "another kick in the wallet" for passengers. Today also marked the first day of the annual rail fares rise - with many season tickets now costing over £100 more. But the party was accused of "hypocrisy" after Jeremy Corbyn and Andy McDonald, . Around 45% of fares are regulated by government, and capped at July's retail price index inflation figure - 3.2%. Read More »

Day of action across Bolton's network as rail fares rise for 2019

Extreme weather, errors in the launch of new timetables , industrial action and signalling failures were among the factors responsible. It's railcard day, apparently - in addition to the Millennial Railcard finally launching (not its real name), the government has announced an unexpected new card that allows 16 and 17 year olds to travel on child fares again. Read More »

Tesla asks more employees to test new Autopilot hardware

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Calls to the stores indicated they had a mix of Model 3 sedans that could be picked up today. As of January 1, the tax credit was slashed to US$3,750. But in that case, Tesla gets the tax credit and will lower the lease price by the same amount. The organization planned to push Congress to reform the system and eliminate the manufacturer cap but nothing has materialized yet. Read More »

New year brings new minimum wage throughout NY

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Next year it will have been a decade since Congress last increased the federal minimum wage, approaching a record stretch between raises. In addition, 13 cities and counties are hiking their minimum wages to $15 an hour or higher in the new year, the nonprofit says. Read More »

Cathay Pacific sells £12,000 business-class seats for £530 in ticketing blunder

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It isn't necessarily unheard of for airlines to unload otherwise exorbitant tickets at extremely low prices, and there's a variety of contributing factors that could ultimately cause mistake fares to occur. In October, Cathay Pacific was the subject of a data breach in its IT systems , jeopardising the personal information of up to 9.4 million passengers. Read More »

Passengers fall ill on Frontier Airlines flight from Cleveland to Tampa

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Those passengers deplaned around 4.30pm (local time). The remaining passengers were held aboard the plane for about an hour before being cleared to leave. The passengers were evaluated by medical staff upon arrival in Tampa before being released, and the rest of the passengers were released after a brief holding period. Read More »

Tesla shares drop after USA price cut, production numbers

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Tesla more than tripled deliveries of its electric cars in the last three months of the year but the news was not enough for Wall Street which sent the company's shares into a tailspin following news that sales of its first mass market vehicle were less than expected . Read More »

Activision Blizzard fires CFO, joins Netflix

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He will report to CEO Bobby Kotick and will replace Spencer Neumann, the previous CFO "who was terminated for cause for violating his legal obligations to the Company", according to a press release. Before working for Activision Blizzard, Neumann held multiple positions at Walt Disney in its theme-park and television divisions. In the interim, former CFO Dennis Durkin will be acting CFO and will regain the position permanently if Neumann's firing stands. Read More »

Markets Right Now: Stocks end dismal year on a bright note

The shares are set to close out their worst year since 2008. However, 2018 brought with it a lot of volatility , sharp trend reversals along with increased political tensions. When markets opened December 26, the Nasdaq lay deep in bear market territory and the S&P was close behind. All three indices had descended into a correction, which is a 10 percent decline. Read More »

Oil prices - what does 2019 offer?

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Brent crude oil, the global benchmark, slipped to $53.19 a barrel, down roughly one per cent on its closing price for 2018. U.S. West Texas Intermediate (WTI) crude futures were at $45.90 a barrel, up 57 cents. In addition, February numbers for Brent crude-the global benchmark-rose $1.44, or 2.7 percent, to rest at $54.65 per barrel. Renewed US sanctions against major producer Iran, as well as healthy economic conditions and concerns about crude supplies, had elevated prices until October. Read More »

Tokyo court extends detention of Nissan's former chief

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Former Nissan chairman Carlos Ghosn will be detained at least through January 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Nissan as a legal entity has also been charged in the underreporting of income. Ghosn, accused of aggravated breach of trust, is facing allegations of making the vehicle maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses. Read More »

Florida minimum wage rises to $8.46 per hour beginning Tuesday

In California, Massachusetts and NY, the increases are small steps in the broader effort of eventually raising the minimum wage to $15 an hour. This is well above the federal minimum wage of $7.25. Missouri's minimum wage is rising. The popularity of minimum wage increases with voters has sometimes led to battles between voters and legislatures, as well as between states and smaller communities within them. Read More »

Kentucky police ‘in tears’ after donut truck catches fire

Two pictures show officers gripping their heads and looking down in dismay, while a third photo shows an officer with a big frown and the charred truck behind him. "Your brothers and sisters in MA are here for you during these tough times". Despite the loss, Krispy Kreme assured the officers that sweeter times were on the horizon. Read More »