• Trudeau denies involvement in Huawei arrest
Trudeau denies involvement in Huawei arrest

Riley FBR, said of the trade tensions between the world's two largest economies. Wang Heng, a Chinese business law professor at the University of New South Wales in Australia, told the Hong Kong-based newspaper that the US could use Meng to put pressure on Beijing if it doesn't meet Trump's deadline to hammer out a resolution in the trade dis...

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  • Chief financial officer of China's Huawei arrested in Canada
Chief financial officer of China's Huawei arrested in Canada

The Canadian Department of Justice said Meng Wanzhou, who also goes by the name Sabrina Meng, was collared by police in Vancouver over the weekend at the request of Uncle Sam, which hopes to haul her into a court in the States. U.S. stock futures dropped sharply on the news , which has presented a new twist in sensitive trade negotiations between ...

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  • Trump to terminate NAFTA soon formally
Trump to terminate NAFTA soon formally

By the time Donald Trump's implementing legislation and that's the key here, is introduced into the Congress, you'll have a Democratic majority in the House of Representatives and that's a shift as a result of the November elections. That termination, he reportedly suggested late Saturday, would present Congress with a binary choice between the ame...

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  • Donald Trump Warns China: 'I Am a Tariff Man'
Donald Trump Warns China: 'I Am a Tariff Man'

The apparent move on auto tariffs was part of a broader trade truce struck by Trump and Chinese President Xi Jinping during a dinner in Buenos Aires on Saturday night. Mr. Trump said this week that China agreed in talks to eliminate auto tariffs of 40 percent, which would be a boon to foreign automakers. There are significant differences ...

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  • Trump, Xi Agree On Tariff Cease-Fire, As Trade Talks Continue
Trump, Xi Agree On Tariff Cease-Fire, As Trade Talks Continue

President Trump and China's President Xi Jinping agreed Saturday to a 90-day halt on new tariffs, hailed as a ceasefire in the countries' trade war. Earlier on Saturday, the leaders of all the world's top economies called for reforms to the crisis-stricken World Trade Organization in a final statement from their summit.

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  • Deutsche Bank headquarters raided in money laundering probe going into 2018
Deutsche Bank headquarters raided in money laundering probe going into 2018

The latest raid is a new blow to Deutsche Bank, which has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street investment banking giants. Deutsche Bank shares fell as much as 3% on the news and were down 2.6% as of 11:20 a.m.in Frankfurt (5:20 a.m. ET). Money laundering has become a growing p...

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  • Trump ready to levy 10 percent import tariff on iPhone, MacBook
Trump ready to levy 10 percent import tariff on iPhone, MacBook

Kudlow was involved in a clash between the White House and allies in the G7 group of nations in June, when Trump rejected a statement agreed to by his fellow leaders. The United States targeted $250 billion in Chinese products, and Beijing lashed back by slapping tariffs on $110 billion worth of US goods. At a regular news briefing in Beijing o...

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  • Dolce&Gabbana founders make video apology to China
Dolce&Gabbana founders make video apology to China

Edward Gu, CEO of modelling platform Talentreet, has staged a one-man protest against Italian luxury fashion house Dolce & Gabbana . Chinese e-commerce firm Yangmatou has taken 58,000 Dolce & Gabbana products off its site, saying "the motherland is more important than anything else".

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  • Leaving The European Union Will Break Up The United Kingdom
Leaving The European Union Will Break Up The United Kingdom

EU spokesman Preben Aamann said on Twitter Saturday that after a phone conversation between Spanish Premier Pedro Sanchez and EU Council President Donald Tusk , "we are closer" to an agreement ahead of Sunday's EU summit in Brussels . British Parliament: The biggest hurdle to implementing the agreement reached Sunday will be the upcoming vote in ...

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  • Apple Cuts New iPhone Production by 30 Percent
Apple Cuts New iPhone Production by 30 Percent

The demand for the three newest iPhone models are not as high as expected, leading to Apple cutting the production orders for these iPhones. Another important factor to consider is the fact that there's apparently a "lower-than-expected demand for the new iPhones", claims the report .

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  • Nissan says CEO Carlos Ghosn lied about salary, misused company money
Nissan says CEO Carlos Ghosn lied about salary, misused company money

Japanese prosecutors have yet to comment on Mr Ghosn's arrest. He said the revelations of criminal activity are the dark side of Mr Ghosn's long reign at the automaker and that "overly concentrated power in one individual led to distortion".

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  • Here Are Amazon's Black Friday Deals For Sunday 18th November
Here Are Amazon's Black Friday Deals For Sunday 18th November

Sheets may not make the best gift for a friend or kid cousin, but they do make phenomenal indulgences-and there's a good chance some of the best, most luxurious (and top-dollar) sheet sets out there will be available at a discount on Black Friday or Cyber Monday (or even both).

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  • Council speaker says 'hell no' to Bezos helipad at Amazon HQ2
Council speaker says 'hell no' to Bezos helipad at Amazon HQ2

Bartik, an economist for the Upjohn Institute in Kalamazoo, Mich., who has studied tax incentives . He was joined by elected officials, labor leaders, and activists who gathered to speak out against the tax incentives, government subsidies and other perks - including a helipad - that NY is offering Amazon in exchange for the thousands of jobs...

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  • Number of missing in California fire doubles to more than 600
Number of missing in California fire doubles to more than 600

The number of people listed as missing in one of California's deadliest wildfires has skyrocketed past 600, authorities said on Thursday, as the remains of seven more victims were found by rescuers. "The chaos that we were dealing with was extraordinary", he said of the early crisis hours last week. Trump to visit fire victims: US President D...

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  • Apple suppliers fall due to weak iPhone demand
Apple suppliers fall due to weak iPhone demand

As Bloomberg's Andrew Cinko noted Wednesday, Apple's correlation with the S&P 500 is double what it was a year ago and far larger than what it was in 2013-14 when Apple shares fell about 30%. The analysts said they are anxious that "end demand for new iPhone models is deteriorating". JPMorgan analysts said iPhone unit sales could decline on an ...

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  • Oil producers see oversupply, eye cutting output
Oil producers see oversupply, eye cutting output

Officials of Saudi Arabia , Russia and other major exporters met on Sunday after United States sanctions on Iran's oil exports took effect. Oil prices shed a fifth of their value in just one month after surging to a four-year high in early October, driven by a combination of factors centred on higher supply and fears of sluggish demand.

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  • Google hears protesters, changes sexual harassment policies
Google hears protesters, changes sexual harassment policies

Will it be enough to quell concerns? "We recognise that we have not always gotten everything right in the past and we are sincerely sorry for that", Chief Executive Officer Sundar Pichai said in a note addressed to employees. Collective action works. It will continue working. According to the email, arbitration in harassment or assault claim...

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  • US Exempts India From Certain Sanctions Over Iran's Chabahar Port
US Exempts India From Certain Sanctions Over Iran's Chabahar Port

However, one source said the United States had attached strings to the waivers , including counterparty disclosures and laying open settlement methods, which were being evaluated before placing new orders with Iran. American oil inventories grew at more than twice the anticipated pace last week, a government report showed on Wednesday. That ha...

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  • U.S. Issues Emergency Directive After Jet Crash in Indonesia
U.S. Issues Emergency Directive After Jet Crash in Indonesia

Boeing Co said in a statement that it had alerted pilots to the issue. FAA directives are usually followed by other airline regulators internationally. KNKT said that there was a problem with the sensor on the last flight taken by the doomed plane, from the island of Bali to Jakarta, even though one sensor had been replaced in Bali.

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  • EU business lobby dismisses China's latest opening pledge
EU business lobby dismisses China's latest opening pledge

In the latest "Doing Business Index 2019" released by the World Bank, China's position has been sharply raised 32 places, and now ranks 46th among the world's more than 190 economies. "All countries should be committed to opening-up and oppose protectionism and unilateralism in a clear-cut stand", he added. The fundamentals for sound and stable...

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