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The US and Europe have put pressure on Huawei amid growing concerns that Beijing could be using technologies for spying, but Huawei has denied the claims. Until now, Germany has said it would not implement a ban on Huawei's equipment supplies to its 5G networks. He says it would be a bad idea for Foreign Affairs Minister Chrystia Freeland to use the upcoming World Economic Forum summit in Davos to press that case.
  • Trump 'prepared' to force USA government shutdown for over a year

    Trump 'prepared' to force USA government shutdown for over a year

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    It would include border wall money as well as a legal option for young immigrants in the United States illegally but working or attending school under the Deferred Action for Childhood Arrivals program. House Democrats muscled through legislation Friday night to fund the government but not Mr Trump's proposed wall. The House formally picked veteran Democratic lawmaker Pelosi as its speaker, elevating the liberal from San Francisco for her second stint in one of Washington's most powerful jobs.
  • Airline to honor $16,000 first-class fares it accidentally sold for $675

    Airline to honor $16,000 first-class fares it accidentally sold for $675

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    The next day, another travel website The Points Guy reported seeing business class flights from Danang to NY selling for less than US$700 - "cheaper than a coach ticket". The pricing error is the most welcome of blunders for Cathay Pacific. He had always wanted to travel in first class but he told the BBC that he often travels in economy class.
  • Apple Blames China’s Floundering Economy For Recent Dwindling Holiday Revenue

    Apple Blames China’s Floundering Economy For Recent Dwindling Holiday Revenue

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    One thing Cook didn't mention in his letter is Apple's declining market share in China and the rise of domestic rivals like Huawei and Oppo. Apple said the smartphone market in China has been contracting, and that's true. "And, while we saw challenges in some emerging markets, others set records, including Mexico, Poland, Malaysia and Vietnam", he said. It will also have taken a chunk out of confidence in the global economy.
  • Mother of All Sucker Rallies Sends Dow 1,000 Points Higher

    Mother of All Sucker Rallies Sends Dow 1,000 Points Higher

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    However Chinese stocks were lower while there was also a mixed response in Europe with France's Cac 40 opening more than 1% higher but Germany's Dax slipping back. But what really might have pushed stocks over the top was a signal from Washington that President Donald Trump would not try to oust the chairman of the Federal Reserve.
  • Trump 'has no plans to sack Fed chairman'

    Trump 'has no plans to sack Fed chairman'

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    Top U.S. financial regulators assured Mnuchin during a hastily organized call Monday that they are seeing nothing out of the ordinary in markets despite the recent stock slump, according to a person familiar with the discussion. The day's downdraft hammered crude oil prices: West Texas Intermediate, the benchmark USA crude oil, tumbled 6.7 percent to $42.53 per barrel. Inflation is tame.
  • Partial shutdown begins amid border wall fight

    Partial shutdown begins amid border wall fight

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    Afterward, he posted: "The crisis of illegal activity at our Southern Border is real and will not stop until we build a great Steel Barrier or Wall". The bill passed the House on a 217-185 vote and heads to the Senate for a high-noon showdown Friday.
  • Fed defies Trump to hike key rate again

    Fed defies Trump to hike key rate again

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    Traders and investors began pricing in the rate hike early, with the Dow Jones Industrial Average (DJIA) declining 2,966 points (11.5 percent) since December 3. Instead, he has decided , beginning in 2019, to hold news conferences after each of the Fed's eight meetings each year, rather than only quarterly.
  • Asia markets sink after Fed hikes interest rates

    Asia markets sink after Fed hikes interest rates

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    Inflation has remained low and stable and is ending the year a bit more subdued than most had expected. Economists appear unified in the view that whatever the Fed does, it won't be influenced by the attacks Trump has made on the central bank and on Powell personally since the stock market began tumbling this fall.
  • Senate passes Farm Bill; hemp closer to becoming a legal commodity

    Senate passes Farm Bill; hemp closer to becoming a legal commodity

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    Senate Majority Leader Mitch McConnell has repeatedly pushed for the bill during its lifecycle, because it included a provision that would remove hemp from the federal list of controlled substances. "Making it official with my hemp pen", he tweeted out Monday in advance of Senate approval of the bill. "What Kansans tell me over and over is the importance of crop insurance and we've seen farm bills that have been pretty damaging to crop insurance", Kansas Senator Jerry Moran says.
  • German official says no Brexit movement on offer

    German official says no Brexit movement on offer

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    U.K. Prime Minister Theresa May defended her leadership outside 10 Downing Street just before 9 a.m. Wednesday, revealing that her Conservative Party had demanded a vote of confidence in her premiership amid the tumult of Britain exiting the EU .
  • European Union court to issue Brexit ruling on December 10

    European Union court to issue Brexit ruling on December 10

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    But, if faced with the threat of a calamitous no-deal Brexit , and following a narrow Commons defeat, Mrs May might fancy testing their resolve and seeing if she can win some cosmetic changes to appease enough MPs to win a second vote. House of Commons Speaker John Bercow agreed late Monday there was an "arguable case" that contempt had been committed. "Any solution which left the country divided, left a large segment of the population feeling betrayed, in my view, would have a negative ...
  • Huawei arrest not political

    Huawei arrest not political

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    The US alleges that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of US sanctions. It said in a statement that Vice Premier Liu He spoke with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer.
  • Google CEO to Tell Lawmakers Tech Giant Operates 'Without Political Bias'

    Google CEO to Tell Lawmakers Tech Giant Operates 'Without Political Bias'

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    Stating that "the muting of conservative voices by internet platforms has intensified especially during the presidency of Donald Trump ", Rep. Lamar Smith (R-Texas) asked Pichai what he was doing about conservative individuals and organizations having "their pro-Trump content tagged as hate speech or had their content reduced in search results" or "enforcement of immigration laws has been tagged as hate speech as well".
  • Opec To Decrease Oil Output By 1.2m Barrels A Day

    Opec To Decrease Oil Output By 1.2m Barrels A Day

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    After the conclusion of 175th meeting of the OPEC Conference in Vienna, Saudi Energy Minister Khalid al-Falih told reporters that the kingdom is "not confident" an agreement on oil output cuts can be reached. As for OPEC itself, the group was walking a tightrope between cutting sufficiently to stabilize the price, and not too much as to unleash a Twitter storm by US President Donald Trump .
  • Deadly Southern Snowstorm Causes 500+ Crashes

    Deadly Southern Snowstorm Causes 500+ Crashes

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    The bulk of the outages are in North Carolina , where 244,807 customers are in the dark. The Highway Patrol already had responded to more than 670 collisions and almost 1,600 calls for services since the storm began. Cooper said at a news conference Sunday that emergency crews, including the National Guard, had worked overnight to clear traffic accidents on major interstates.
  • Minister: 'Anything could happen' if Brexit deal rejected

    Minister: 'Anything could happen' if Brexit deal rejected

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    May's draft deal has taken flak from almost all sides of the United Kingdom political spectrum, including from within her own Conservative Party . "If we will the ends, we must also will the means". She said that while many aspects of her plan enjoyed "broad support" among her colleagues, she acknowledged that the question over the Irish border continued to provoke "widespread and deep concern".
  • Full Interview: Prime Minister Theresa May

    Full Interview: Prime Minister Theresa May

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    Shadow home secretary Diane Abbot said: "On the question of security, assertions, aspirations, a wish list is not enough, we need a treaty". "In turn, that would mean the most damaging uncertainty economically". "There are questions about how decisions are taken as to whether we go into the backstop, because that isn't an automatic", May said. Many want to see the government lose on Tuesday.
  • Huawei finance chief Meng Wanzhou arrested in Canada

    Huawei finance chief Meng Wanzhou arrested in Canada

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    Chinese Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning. That means the intelligence agencies in Canada and the USA were tracking her and planning to arrest her for some time, " he said. " The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng (Wanzhou)", it said.
  • China Implementing Agreed-Upon Trade Deals With US, Official Says

    China Implementing Agreed-Upon Trade Deals With US, Official Says

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    Donald Trump and Xi Jinping met dinner in at G20 in Argentina. China is fully confident that it can reach a trade deal with the USA within the 90 days set for talks, Gao said. "China does not want Tariffs!" Beijing pledged to import more United States products to narrow its massive trade surplus with the U.S. following the Argentina talks, but it has given few details about what was agreed.
  • Canada's Alberta province orders drastic oil production cuts to fight price crisis

    Canada's Alberta province orders drastic oil production cuts to fight price crisis

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    In mid-day trading, Suncor was down 1.5 per cent while fellow Calgary-based companies that both produce and refine oil, Imperial Oil Ltd. and Husky Energy Inc ., were off 4.1 per cent and 0.8 per cent, respectively. "Between now and next winter the Western Canadian oil market is at the mercy of rail schedulers and their attempts to mobilize more locomotives, tank cars, and trained crews-an effort that has thus far proved insufficient to clear the market".
  • GM plant in Oshawa, Ont., to shut down

    GM plant in Oshawa, Ont., to shut down

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    GM said it would shut operations at plants in Detroit; Oshawa, Ontario; Warren, Ohio; White Marsh, Maryland; and Warren, Michigan. "It shows that every plant in the country has to prove its worth", BMO chief economist Doug Porter told Yahoo Finance Canada in an interview.
  • Powell Comments Suggest Fewer Rate Hikes Next Year

    Powell Comments Suggest Fewer Rate Hikes Next Year

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    In his speech, Powell noted that interest rates remain " just below " the so-called neutral range, the level that central bankers believe will neither accelerate nor halt economic growth. "All he is doing is pointing out an obvious idea". The chance of four increases, to a target range of at least 3%-3.25% by the end of 2019 implied by the Fed's dots, is given just an 8.6% probability, down from the already low 18.6% probability a month ago, according to the CME Fed Watch site .
  • G20: Morrison to meet with Donald Trump after president cancels Putin talks

    G20: Morrison to meet with Donald Trump after president cancels Putin talks

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    But he plans to use informal talks and whatever other avenues are available while in Buenos Aires to do what he can to help avoid a stampede toward protectionism. A White House official said that Trump sees a "good possibility" for a deal to defuse the trade frictions, as Washington demands greater market access and protections for intellectual property by Beijing.
  • Ohio Senators speak up in wake of GM plant closings

    Ohio Senators speak up in wake of GM plant closings

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    Trump has publicly threatened GM as he tries to follow through on campaign promises to boost American manufacturing - which he reiterated during a rally near the Lordstown facility past year. "The U.S.A.is booming!" Trump has been upset with GM, which on Monday announced plans to close four USA factories and shed up to 3,300 blue-collar jobs.
  • Broken promises adorn Trump's latest China tariff tirade

    Broken promises adorn Trump's latest China tariff tirade

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    Trump departs Thursday for the Group of 20 summit in Argentina , where the homebody commander in chief will spend just 48 hours on the ground. In addition to meeting with Xi, Trump will also meet in Buenos Aires with his Argentine counterpart, Mauricio Macri, and with the leaders of Germany, Turkey, Japan , South Korea and India.
  • Stocks markets surge on hint of slower rate hikes

    Stocks markets surge on hint of slower rate hikes

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    During the Obama administration, the federal interest rate was dropped to zero for a long period of time, but Powell began to hike the rate back toward where it was in the early 2000s. I'm not going to say it's so much Trump ー that Trump has been sending mean tweets about Chairman Powell. Besides flagging an escalation of trade tensions as a near-term risk, the Fed also listed as potential flash points the U.K.'s coming withdrawal from the European Union, Italy's budget dispute with the EU ...
  • China's Xi vows to better protect intellectual property

    China's Xi vows to better protect intellectual property

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    The United States imposed a 25 percent tariff on Chinese vehicles on top of the 2.5 percent it normally charges. China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S.is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge.
  • Embattled Bitcoin continues nose dive -- altcoins follow suit

    Embattled Bitcoin continues nose dive -- altcoins follow suit

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    Amusing how CNBC's Fast Money panel crawled out of the woodwork to talk crypto on Monday , as Bitcoin (BTC ) fell to establish new year-to-date lows. "The selloff is connected to authorities, that is nearly completely underway", explained Justin Litchfield, chief technology officer in ProChain Capital.
  • Dolce&Gabbana founders make video apology to China

    Dolce&Gabbana founders make video apology to China

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    D&G suffered another huge blow as Chinese e-commerce portals such as Taobao.com, JD.com, Alibaba's Tmall, Suning.com, Ymatou.com, VIP.com and Kaola all removed D&G products as searches on these sites produced no results, just before the Black Friday online shopping bonanza was about to begin in China.
  • Tunisia civil society protests upcoming visit of Saudi crown prince MbS

    Tunisia civil society protests upcoming visit of Saudi crown prince MbS

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    According to Al-Arabiya, they held closed-door bilateral talks. "MBS contributed to murdering somebody overseas and it is not strength to sort of mumble past that", Sasse told "Fox News Sunday", referring to the crown prince. Administration officials are set to brief US lawmakers on intelligence findings related to Khashoggi's killing on Wednesday, and senators in both parties have signaled support for sanctions against Riyadh.
  • Trump 'very disappointed' with General Motors after plant closures

    Trump 'very disappointed' with General Motors after plant closures

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    Toyota also has discussed cutting costs, even though it is building a new assembly plant in Alabama. Trump said he expected General Motors to start manufacturing another type of vehicle in OH and that it "had better" do so. "We are right-sizing capacity for the realities of the marketplace", Chief Executive Mary Barra said, adding that the cuts were prompted by auto industry changes.
  • 'You face a stark choice', Theresa May warns lawmakers over Brexit

    'You face a stark choice', Theresa May warns lawmakers over Brexit

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    After the rubber stamping, all eyes turn to British Prime Minister Theresa May to sell the deal to her recalcitrant parliamentarians over the next days and weeks - a huge task considering the intense opposition both her Conservative lawmakers and the political opposition have voiced toward the deal.
  • Bitcoin fell below $ 4,000

    Bitcoin fell below $ 4,000

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    Trade volume has increased since the slump, but only by a few billion, as global trade volume is now hovering around $18.5 billion. Following a week of pain, bitcoin hit a new low for the year at US$3,447.58 (S$4,740.85) on Sunday (Nov 25), according to CoinDesk .
  • Coli outbreak possibly linked to romaine lettuce in California, FDA official says

    Coli outbreak possibly linked to romaine lettuce in California, FDA official says

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    California has had 10 cases of the E. coli virus; other US states dealing with the outbreak include Michigan, Connecticut, Illinois, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Ohio, Wisconsin. "Romaine lettuce grown in a safe environment would not have any problems". They also reported more illnesses in Canada. This time, though, the grocery stores and the suppliers are taking the hit.
  • New Range Rover Evoque: British-built electrified mini-Velar

    New Range Rover Evoque: British-built electrified mini-Velar

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    The maximum torque of 340, 360 and 400 Nm, and the maximum speeds going up to 242 km/h, while the standard consumption of between 7.7 and 8.1 litres of Super reduced. There's no mention of the manual gearbox that was offered in the first generation Evoque making a comeback in the second-gen successor. Although not scheduled for Canada at this time, some markets will see a full plug-in electric version of the crossover late in 2019.