• Amazon wins big with split decision for NYC, Virginia headquarters
Amazon wins big with split decision for NYC, Virginia headquarters

Instead, it appears the deal will ensure that Amazon is saddled with the same arcane and outmoded construction-union work rules and compensation levels that have saddled New York City with the nation's highest urban construction costs. Mike Gianaris and New York City Councilman Jimmy Van Bramer, who represents Long Island City, were also signer...

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  • Oil prices rise as Saudi announces supply cut
Oil prices rise as Saudi announces supply cut

Both WTI and Brent futures are up 0.75%, having jumped more than 1% in initial trade. "One thing that is abundantly clear, OPEC is in for a shale shocker as United States crude production increased to a record 11.6 million barrels per day and will cross the 12 million threshold next year", Stephen Innes of financial services company Oanda said ....

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  • Jack Ma Heads Toward Retirement With Another Singles' Day Record
Jack Ma Heads Toward Retirement With Another Singles' Day Record

Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan (US$30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Single's Day is not a traditional Chinese holiday. Today, Singles' Day has expanded to become a shopping festi...

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  • Walmart vs. Target Black Friday 2018
Walmart vs. Target Black Friday 2018

Black Friday deals will go live on Walmart .com at 10 p.m. ET on November 21., two hours earlier than past year. Retail sales increased 6.1 percent in the week ended November 3, providing additional momentum for United States chains that are dangling free shipping and other enticements to grab bargain-seeking early shoppers.

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  • Pompeo Allows Sanctions Exception for Iran Port Development
Pompeo Allows Sanctions Exception for Iran Port Development

The EIA expects output to break through 12 million bpd by mid-2019, largely thanks to a surge in shale oil production. The decline in prices over the past weeks follows a rally between August and October when crude was pushed up ahead of the re-introduction of sanctions against Iran's oil exports on November 5.

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  • Let's get high: MI just voted to legalize recreational marijuana
Let's get high: MI just voted to legalize recreational marijuana

Instead of one ballot initiative to legalize marijuana, there were three - each with different marijuana sales tax percentages and allocating that tax revenue to different locations. There were some potential pitfalls with the drafting of the measure, which lacked any provisions to regulate the marijuana industry in the state. The initiative requ...

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  • IAEA confirms Iran fulfills nuclear deal, says Russia’s envoy
IAEA confirms Iran fulfills nuclear deal, says Russia’s envoy

In May, US President Donald Trump withdrew from the deal which was signed by his predecessor Barack Obama after years of negotiations. The measures taking effect Monday restore all the sanctions that had previously been lifted under the accord, which had given Iran billions of dollars in sanctions relief in exchange for curbs on its nuclear p...

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  • Second wave of USA sanctions on Iran starts tomorrow
Second wave of USA sanctions on Iran starts tomorrow

The U.S. reimposed oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.

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  • Amazon to roll out free shipping to everyone during 2018 holiday season
Amazon to roll out free shipping to everyone during 2018 holiday season

A few weeks ago, Target announced that it's going to offer customers free 2-day shipping during the holiday season , including Black Friday and Cyber Monday, with absolutely no requirements. Target last month raised the stakes for the all-important holiday shopping rush, offering US customers free two-day shipping. If you are a Prime subscri...

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  • Japan Airlines pilot arrested in United Kingdom for drinking before flight
Japan Airlines pilot arrested in United Kingdom for drinking before flight

A Metropolitan Police spokesman said that Jitsukawa pleaded guilty yesterday to exceeding the alcohol limit at Uxbridge magistrates' court. A test later revealed that Jitsukawa had 189mg of alcohol per 100ml of blood, almost 10 times the U.K.'s legal limit of 20 mg for pilots, according to the BBC.

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  • Trump Hints China Trade Moves for Argentina G20 After Xi Call
Trump Hints China Trade Moves for Argentina G20 After Xi Call

Trump imposed new tariffs on roughly half of Chinese imports this summer while Beijing fired back with tariffs on most USA products. Beijing and Washington have been involved in a trade spat since April 2018, when the United States started imposing steep tariffs on goods from China .

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  • India Jumps 23 Places On World Bank’s Ease Of Doing Business Index
India Jumps 23 Places On World Bank’s Ease Of Doing Business Index

The country was ranked at 70th in 2002 and 85th in 2009. The World Bank report ranked Kenya at position 128 in dealing with construction permits. On the measure of absolute progress towards best practice, India significantly improved its Doing Business score to 67.23, from 60.76 a year ago. "No one questions that these things are importan...

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  • RBI, govt to hold consultations frequently, says Finance Ministry
RBI, govt to hold consultations frequently, says Finance Ministry

In contrast, a central bank plays a test match, trying to win each session but, importantly, also survive it so as to have a chance to win the next session, Acharya had said. Government officials had recently called for the RBI to relax lending restrictions on some banks. Sources in the ministry of finance told Firstpost that Section 7 of the...

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  • Donald Trump Plans Aggressive Campaign for Mid-term Elections
Donald Trump Plans Aggressive Campaign for Mid-term Elections

Democrats are leading in Orange and Osceola counties. Obama, whose visit was announced Monday, is scheduled to stump with the two top-of-ticket candidates and other Democrats at the Ice Palace film studioes only four days before the November 6 elections.

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  • Economy grew at 3.5 percent rate in 3rd quarter
Economy grew at 3.5 percent rate in 3rd quarter

Yet a trade war exists between Washington and Beijing as well as other trade disputes between the US and other trade partners, with the slowdown last quarter mostly reflecting the retaliatory tariffs impact that Beijing imposed on exports from the USA including soybeans.

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  • Indonesia says Lion Air passenger flight from Jakarta to Sumatra has crashed
Indonesia says Lion Air passenger flight from Jakarta to Sumatra has crashed

The bulk of the plane is believed to have sunk . An Indonesian search and rescue agency official estimated there would be no survivors from the Lion Air plane that crashed into the sea north of Java Island on Monday. from Jakarta's Soekarno-Hatta International Airport. Distraught relatives are praying for a miracle as they wait for infor...

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  • Trump says he 'maybe' regrets picking Jerome Powell as Fed chief
Trump says he 'maybe' regrets picking Jerome Powell as Fed chief

The chairman of the Senate Finance Committee stood by Federal Reserve Chairman Jerome Powell after President Donald Trump said he "maybe" regrets appointing because the Fed has increased interest rates. Johnson clashed with Fed chief William McChesney Martin over raising rates in 1965. Trump argues the boom he says is generated by his eco...

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  • Numbers drawn for $750 million Powerball, third-largest in game history
Numbers drawn for $750 million Powerball, third-largest in game history

Even as stock markets sank again, one person (or group) made a lot of money this past week: the yet-to-be-identified holder of the single ticket that won the Mega Millions lottery. Last month, a drought-stricken farmer in NSW was given some relief after he won $200,000 in the Lucky Lotteries Mega Jackpot draw. "They just want to take a moment o...

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  • Abe’s China visit expected to promote ties, boost cooperation
Abe’s China visit expected to promote ties, boost cooperation

Furthermore, Japan would like to take advantage of China's huge population. Abe, for his part, reiterated the importance of free, fair, and rules-based trade. Perhaps one of the most important shifts in the ties was Japan's announcement that it was officially ending 40 years of development aid to China, and that from this point forward Tokyo an...

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  • WWE Confirms Crown Jewel to Remain in Saudi Arabia Despite Extraordinary Controversy
WWE Confirms Crown Jewel to Remain in Saudi Arabia Despite Extraordinary Controversy

Khashoggi entered the Saudi consulate in Turkey's Istanbul on October 2 to obtain documentation for his upcoming marriage, but he never left the place. For their part, the Trump administration and the USA defence industry are scrambling to save the few actual deals in a much-touted US$110 billion arms package for Saudi Arabia.

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  • OPEC Mulls Options to Cut 2019 Oil Output to Prevent Oversupply
OPEC Mulls Options to Cut 2019 Oil Output to Prevent Oversupply

Still, losses are limited by persistent concern that the Organization of Petroleum Exporting Countries and its partners won't be able to fill a supply gap from Iran when renewed USA sanctions on the Islamic Republic take effect in November.

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  • Mega Millions & Powerball Hit Combined $2 Billion Jackpot
Mega Millions & Powerball Hit Combined $2 Billion Jackpot

Australian lotto players might not have such a big prize to play for but this week $60 million is up for garbs with $10 million in Tuesday's Oz Lotto, $30 million in the Powerball draw on Thursday and then $20 in Saturday's Superdraw. If someone picks the winning six numbers, they can either claim the jackpot in 30 payments over 30 years - the so-c...

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  • Czech Ex-Intel Chief Slams West for Double Standards After Khashoggi's Death
Czech Ex-Intel Chief Slams West for Double Standards After Khashoggi's Death

Ankara vowed to reveal all the details of a two-week inquiry as US President Donald Trump said he was unsatisfied with Saudi Arabia's response to the columnist's death while the EU, Germany, France, Britain, Australia, Canada and the United Nations also demanded greater clarity.

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  • Consequences over Khashoggi death will have to be 'very severe'
Consequences over Khashoggi death will have to be 'very severe'

On Wednesday, German Foreign Minister Heiko Maas said he was postponing a planned trip to Saudi Arabia pending the outcome of the investigation into Khashoggi's disappearance, calling the case "extremely worrying. It certainly looks that way, ' the US President said today in Washington DC. VIDEO: Where is Saudi journalist Jamal Khashoggi...

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  • SoftBank 'anxiously' monitoring Saudi Arabia situation: executive
SoftBank 'anxiously' monitoring Saudi Arabia situation: executive

But lately the Saudis have been growing their circle of American enablers, pouring billions into Silicon Valley technology companies. SoftBank Group Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its almost US$ 100 billion Vision Fund despite a tense situation with Saudi Arabia, which ...

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  • Mega Millions jackpot grows again as no one wins
Mega Millions jackpot grows again as no one wins

Lottery officials will likely announce sometime Saturday if there was a winning ticket. In 2012, three winning tickets were sold, so the jackpot was split three ways in Kansas, Illinois, and Maryland. The odds of hitting the Powerball jackpot are 292,201,388 to 1. NY has sold the most Mega Millions jackpot winnings in game history, with 35 ...

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  • Mike Pompeo to arrive in Saudi to meet King Salman
Mike Pompeo to arrive in Saudi to meet King Salman

US Secretary of State Mike Pompeo arrived in Riyadh this morning and has held talks with Saudi King Salman. On October 2, Jamal Khashoggi entered the Saudi consulate in Istanbul to retrieve a document related to his upcoming wedding. President Trump publicly called for the Saudis to choose NY for the listing of 5 percent of Saudi Aramco and ...

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  • Saudi considers admitting Khashoggi died in botched op
Saudi considers admitting Khashoggi died in botched op

The journalist disappeared after entering the Saudi consulate in Istanbul on 2 October, but the USA president said it sounded like neither the king nor Crown Prince Mohammed bin Salman had knowledge of the incident. Trump called Khashoggi's disappearance a "terrible situation". He may go on to Turkey. Turkey's investigation into the disappear...

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  • 'Very sad thing' if Saudi crown prince involved in journalist's disappearance
'Very sad thing' if Saudi crown prince involved in journalist's disappearance

Senate Foreign Relations Committee chairman Bob Corker says he has reviewed USA intelligence reports suggesting that Khashoggi was killed on October 2, the day he went to the consulate. "I think they did it and I think unfortunately he's deceased", Corker said, according to The Hill. After Khashoggi's fiance wrote an op-ed in the Washington ...

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  • USA considers sanction waivers on countries reducing imports of Iranian oil
USA considers sanction waivers on countries reducing imports of Iranian oil

India , however, wants to keep importing oil from Iran , because Tehran offers discounts and incentives for them at a time when the Indian government is struggling with higher oil prices and a weakening local currency. The bulk of spare capacity is held by Saudi Arabia. In its submission to the court, Iran argued that the United States had viola...

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  • Toyota recalling 807,000 U.S. Prius models to fix stalling issue
Toyota recalling 807,000 U.S. Prius models to fix stalling issue

See the chart below. The identified fault occurs when a specific hybrid component failure, coupled with hard acceleration, causes the vehicle to lose power rather than enter a fail-safe driving mode. Separately, Toyota on Friday also announced a recall covering certain 2018 to 2019 Tundra pickup trucks and Sequoia SUVs, as well as 2019 Avalon car...

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  • BJP asks Odisha to cut Value-Added Tax on fuel
BJP asks Odisha to cut Value-Added Tax on fuel

Fuel prices in 12 states fell by Rs 5 per litre as the state governments agreed to cut a further Rs 2.50 per litre by reducing value-added tax (VAT) on the fuels. He also noted that the oil marketing companies are fully competent to deal with the decision and the government was not going back on fuel price deregulation.

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  • Tesla CEO Musk calls the SEC 'the Shortseller Enrichment Commission'
Tesla CEO Musk calls the SEC 'the Shortseller Enrichment Commission'

The SEC did not comment on Mr Musk's tweets , nor did Tesla . Musk has long derided short sellers, who bet against a company's stock, for their thirst for Tesla's stock to decline. A judge has yet to approve the settlement . "The board has a duty to shareholders to ensure that they are exercising their fiduciary oversight of the comp...

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  • Canadian dairy farmers sound off on new trade deal
Canadian dairy farmers sound off on new trade deal

He told MPPs the gaping hole is left by the continued presence of tariffs on Canadian steel and aluminum, and called on the government to negotiate an end to them before signing the USMCA at the end of November. "For those babies out there who keep talking about tariffs", this deal would not have happened without tariffs, Trump told reporters dur...

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  • China accused of planting spy chips in Pentagon computers
China accused of planting spy chips in Pentagon computers

According to the Bloomberg report , the microchips, which were the size of a grain of rice, provided China with a way to remotely access the computers. China has responded with counter-tariffs on American products with particular political resonance, including agricultural goods. The Chinese foreign ministry also denied the allegations and said ...

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  • Statement by Premier Ford on USMCA Trade Agreement
Statement by Premier Ford on USMCA Trade Agreement

He said this deal - which will revamp the old NAFTA - protects supply management, staves off auto tariffs, and maintains fair hearings in any disputes with our large neighbour to the south. "It will be good for Canadian workers, good for Canadian business, and good for Canadian families", said Trudeau. "If we give away part of the dairy market at...

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  • US, Mexico, Canada agree on new free trade pact
US, Mexico, Canada agree on new free trade pact

A day after announcing to the world that he has reached a new trade deal with neighbouring Mexico and Canada, US President Donald Trump said he is now working on trade agreements with China , Japan and the European Union . "We would have moved forward with just Mexico", Marshall said. Experts doubt the new auto rules and the revised trade pac...

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  • Facebook says 50 million user accounts affected by security breach
Facebook says 50 million user accounts affected by security breach

Facebook may be fined as much as $1.63 billion by an European Union privacy watchdog for a recent data breach announced Friday that compromised the personal information of more than 50 million users. The hacking was revealed by Facebook on Friday. "In order to bypass Facebook's security controls without raising alarm bells, this attack woul...

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  • Carmakers relieved as United States reaches trade deal with Canada
Carmakers relieved as United States reaches trade deal with Canada

It replaces the 24-year-old North American Free Trade Agreement, of NAFTA , which President Donald Trump had called a job-killing disaster. Canadian dairy farmers surrendered about 1.5 per cent of domestic market access through the Comprehensive Economic Trade Agreement between Canada and the European Union, 3.25 per cent when the 12-nation ...

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  • President Trump's Nafta deal with Canada imminent
President Trump's Nafta deal with Canada imminent

The USD/CAD has tumbled into 1.2820, with the week's opening gap from 1.2910 steepening the decline as headlines begin to cross wires that Canada and the US may have reached an agreement on NAFTA after months of stalled talks. "The ideal is a trilateral deal, but we're prepared for the possible need of a bilateral", he told Bloomberg News. Mr...

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  • Where to Get the Best Deals on National Coffee Day
Where to Get the Best Deals on National Coffee Day

With any food purchase Saturday, get a free cup of coffee at participating locations. Even so, one way or another, you shouldn't be paying for coffee today! Saturday is National Coffee Day, and there are deals all over the place. Get one free, hot brewed coffee of any size. You'll need the McDonald's app , which is free and easily download...

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  • Elon Musk reaches deal over tweets about taking Tesla private
Elon Musk reaches deal over tweets about taking Tesla private

Musk had stunned global financial markets on August 7 when he issued tweets saying he had the "funding secured" to take his automaker private. Things could ultimately have been significantly worse for Musk, as the SEC had sought to bar him from serving as an officer or board member of a publicly traded company.

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  • Tesla Builds Its Own Car Carriers to Keep Up With Demand
Tesla Builds Its Own Car Carriers to Keep Up With Demand

We are into the final week of Q3 and Tesla is desperate to sell as many cars as possible, which is why a new delivery service has been introduced called Tesla Direct. Tesla finally hit its production numbers of 5,000 Model 3's per week this past summer and it seems as though its deliver process is lagging behind, unable to keep up with Tesla's asse...

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  • Canada deal in doubt; focus shifts to Japan trade talks
Canada deal in doubt; focus shifts to Japan trade talks

Trudeau's remarks at his closing news conference, where he called US steel and aluminum tariffs "insulting" and said he would proceed with counter-tariffs, set off Trump and prompted him to revoke his support for that summit's closing statement.

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  • Oil hits four-year high after OPEC output decision
Oil hits four-year high after OPEC output decision

The so-called " OPEC +" group, which includes the likes of Russia , Oman and Kazakhstan, met at the weekend to discuss a possible increase in crude output, but the upshot of the gathering was that the group was in no rush to do so. Khaled al-Falih was speaking at a meeting in Algiers of about twenty member countries and non-Opec member signatori...

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  • The entire United Nations just laughed in the middle of Trump's speech
The entire United Nations just laughed in the middle of Trump's speech

President Donald Trump's boast about his administration's accomplishments provoked chuckles from an audience at the United Nations on Tuesday. "Moving forward, we are only going to give foreign aid to those who respect us and frankly our - our friends", he said .

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  • Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says
Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says

On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 2.2% at $72.33 a barrel. "It is critical that we continue to foresee and anticipate changing market supply and demand balances and take proactive actions to avoid conditions that could make [oil] consumers uneasy and anxious".

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  • Versace set to be sold in $2bn deal
Versace set to be sold in $2bn deal

Donatella Versace , who is sister of late founder Gianni and doubles as artistic director and vice-president of the Milan-based group, has called a staff meeting for Tuesday, according to a person who was briefed by a company employee. Versace could not immediately confirm the news to AFP. Givi in turn is half-owned by Allegra Versace Beck, ...

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  • Lower oil prices now
Lower oil prices now

Disruptions to Iranian production stemming from US sanctions are being given credit for the discrepancy. In the range-bound market, Trump's tweets may drive prices down slightly, said Tyche's Zahir, predicting that such tweets from the president would probably continue with the USA midterm elections fast approaching.

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  • Oil gains 1 percent on signs OPEC not prepared to boost output
Oil gains 1 percent on signs OPEC not prepared to boost output

American oil sanctions on Iran will resume in November and already, U.S. allies in Asia are busy reducing their purchase of crude from Tehran. Iran's oil exports have been falling in recent months as more buyers, including its second-largest buyer India, cut imports ahead of US sanctions that take effect in November.

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