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However, the agency did not say anything about an output rise as claimed by the president. It would also likely aggravate other OPEC members, such as Iran and Venezuela, which initially sought to prevent any increase as OPEC , along with allies led by Russian Federation, headed into their Vienna meetings earlier this month.
  • Hamas, PA among first to congratulate Turkey’s Erdogan

    Hamas, PA among first to congratulate Turkey’s Erdogan

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    The election ushers in a new era in Turkey , marking the end of a century-old parliamentary democracy and the transition to an executive presidential system, bestowing on Erdogan enormous new powers he has long coveted. Additionally, as NPR's Peter Kenyon reported , the new system grants Erdogan the possibility of running for a third term "should parliament call snap elections in his final term".
  • Turkey's Erdogan, his alliance win presidential, parliamentary elections

    Turkey's Erdogan, his alliance win presidential, parliamentary elections

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    Erdogan's closest competitor, Ince, vowed that he would lift the state of emergency within 48 hours if elected president and reverse all the constitutional reforms afterward. Azerbaijani President İlham Aliyev was the first national leader to congratulate the Turkish leader for "his success" in the June 24 presidential elections, state-run Anadolu Agency reported.
  • Turks to decide on Erdogan this Sunday

    Turks to decide on Erdogan this Sunday

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    Based on unofficial results , five parties passed the 10 per cent support threshold required for parties to enter parliament, Guven said. Voicing opposition concerns about possible electoral fraud, Mr Ince earlier told reporters outside the High Electoral Board (YSK) after polling stations had closed that citizens should protect ballot boxes.
  • Estimates show potential for e-retail taxes in Oklahoma

    Estimates show potential for e-retail taxes in Oklahoma

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    Now, because of this recent Supreme Court decision that physical presence isn't required. When the court ruled in 1967 and 1992 that IL and North Dakota could not squeeze sales taxes from sellers with no presence in those states, there wasn't almost as much at stake.
  • Tesla files $1 million lawsuit against former employee over data theft

    Tesla files $1 million lawsuit against former employee over data theft

    Financiera

    The language employed by Tesla's Elon Musk when speaking on earnings calls is at the level of a 12-year-old, according to a report from CB Insights. Tesla evidently believes that further, yet-undiscovered damages are present. "If there was even a sliver of doubt about whether a cell could pose a safety concern, it was not used in any vehicle", Tesla wrote.
  • Trump threatens tariff on EU car imports, Video Gallery

    Trump threatens tariff on EU car imports, Video Gallery

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    He believes the issue provides a potent selling-point for his political base, which includes white, blue-collar workers who could be energized by the move. Given his Friday tweet renewing the threat of a 20% Trump tariff, it seems safe to say that the president didn't appreciate the German offer and has no intention of opening up the U.S.to stiffer light-truck import competition.
  • Why the Online Sales-Tax Ruling May Have Limited Impact

    Why the Online Sales-Tax Ruling May Have Limited Impact

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    But brick-and-mortar retailers who have had to collect tax simply because they have a store, office or warehouse in a state say the court has leveled the playing field, as online retailers will no longer have an advantage created by tax-free shopping.
  • Supreme Court ruling could have huge impact on Texas economy

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    But now he does. This will add a new layer of complexity for small businesses that were previously selling without sales tax, but the specific rules will vary by state. That's because some things just don't sell successfully online, like gas for your vehicle. New Hampshire Republicans and Democrats presented a rare united front on Thursday in voicing strong opposition to a U.S.
  • Commerce Stocks Smacked By Supreme Court Ruling On State Taxes

    Commerce Stocks Smacked By Supreme Court Ruling On State Taxes

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    While retailers were not required to collect sales tax , that tax was technically still owed. But Karr said he wasn't concerned about challenges complying with new regulations that might not be consistent state to state . "Rejecting the physical presence rule is necessary to ensure that artificial competitive advantages are not created by this court's precedents", Kennedy said.
  • Trump wades into German migration row

    Trump wades into German migration row

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    Earlier, Bild newspaper, citing unnamed sources from the CSU leadership, reported that the CSU would give Merkel two weeks, until an EU summit on June 28-29, to deliver a European solution on migrant policy before defying her by implementing his plan.
  • China slams United States threat to impose tariffs on $200 billion in imports

    China slams United States threat to impose tariffs on $200 billion in imports

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    Tensions eased temporarily after Chinese negotiators agreed at talks in Washington in May to buy more American farm goods, natural gas and other products. The Federal Reserve had on Wednesday said that it would likely hike U.S. rates twice more this year and four times in 2019, highlighting an increasing divergence between the two central banks.
  • TRUMP STRIKES BACK: The President Threatens China with $200 BILLION in Tariffs

    TRUMP STRIKES BACK: The President Threatens China with $200 BILLION in Tariffs

    Financiera

    With the sell-off, the Dow has wiped out all its gains for the year. This situation is no longer sustainable. President Trump's announcement to impose additional tariffs on China caused global markets to tumble, . China was responding after the United States kicked off what has become a round of tit-for-tat tariffs that is threatening to develop into a trade war between the world's two biggest economies.
  • Oil traders ready for musical chairs as China tariffs loom

    Oil traders ready for musical chairs as China tariffs loom

    Financiera

    Last Friday, the Trump administration announced a 25 percent tariff on up to $ 50 billion of Chinese products, prompting Beijing to respond with a 25 percent tariff on $34 billion of us goods. The next step will be for the Office of the U.S. Trade Representative to identify the Chinese goods to be penalized and to conduct a legal review. "Made in China 2025" is one of the central justifications given by the United States government for escalating a trade fight between the two ...
  • China blasts new USA tariff threat as 'blackmail'

    China blasts new USA tariff threat as 'blackmail'

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    It gave no details. The move comes just three days after the president detailed an initial $50 billion in imports that would be taxed an additional 25 percent, which he said was punishment for the theft of intellectual property from US companies , as well as the trade gap between the two countries.
  • Italian Bonds Lead Euro-Area Rally as ECB Hike Bets Pushed Back

    Italian Bonds Lead Euro-Area Rally as ECB Hike Bets Pushed Back

    Financiera

    The bonds of the region's second most indebted country climbed for the third day as money-market pricing suggests investors don't expect a 10-basis point hike in the deposit rate until December 2019, compared with estimates for September 2019 immediately after the ECB's decision Thursday.
  • After Fed rate rise, all eyes shift to the ECB

    After Fed rate rise, all eyes shift to the ECB

    Financiera

    This hike, which was widely expected, is the Fed's second of 2018, and the central bank signaled it is likely to do two more increases by the end of this year. At nine years, the economic expansion is now the second-longest in history. While there are some concerns about its age, there are few economists predicting a recession in the near term.
  • Trump declares oil prices 'too high', blames Opec

    Trump declares oil prices 'too high', blames Opec

    Financiera

    Trump's tweet - similar to one he wrote in April, blaming OPEC for "artificially Very High" oil prices - came a week before a much-anticipated OPEC meeting in Vienna and may have been created to influence the discussion. The actual boost in supply to the market would be less than that because some states, notably Venezuela, Angola and Mexico, aren't able to increase, the person said.
  • Trump announces US tariffs on $50 billion in Chinese imports

    Trump announces US tariffs on $50 billion in Chinese imports

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    China has pledged any tariffs will void progress made in recent trade talks between Beijing and Washington and has drawn up its own list of $50 billion in U.S. The president has coordinated closely with China on efforts to get Pyongyang to eliminate its nuclear arsenal. He also met with Mr. Wang and addressed the trade issue.
  • North America to Hold the 2026 FIFA World Cup

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    The joint North American bid was considered a heavy favorite from the outset and earned high marks from FIFA's bid evaluators because it will, in theory, require less construction and lower costs than the Moroccan bid , which carried an estimated price tag above $15 billion .
  • Uber submits patent to detect drunken app users

    Uber submits patent to detect drunken app users

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    The ridesharing company has filed a patent to use artificial intelligence to identify how drunk a passenger is before picking them up. Uber has partnered with organizations including Mothers Against Drunk Driving to encourage more people to call the service than to get behind the wheel after drinking too much.
  • Dennis Rodman gets emotional discussing Trump and Kim

    Dennis Rodman gets emotional discussing Trump and Kim

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    President Trump and North Korean leader Kim Jong Un signed a statement Tuesday promoting "mutual confidence building" to "promote the denuclearization of the Korean Peninsula". But if the president is wrong, he may never admit it. Trump also stressed that he believes he has "helped" the estimated 120,000 people in North Korean prison camps by starting the process of potentially normalizing relations with Pyongyang.
  • This Time Is Different With North Korea. But Better?

    This Time Is Different With North Korea. But Better?

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    Predicting a tremendous success of the summit, Trump said it was "an honor" to meet with Kim face-to-face and that he would have "a terrific relationship" with the DPRK leader. "These discussions that will take place tomorrow between Chairman Kim and President Trump will set the framework for the hard work that will follow".
  • Unpacking Trump-Kim summit

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    Trump says that his one-on-one meeting with North Korean leader Kim Jong Un was "very, very good" and that the two have an "excellent relationship". "Probably, all the attention of our people is on Singapore ". Officials of the two sides held last-minute talks to lay the groundwork for the summit of the old foes, an event nearly unthinkable just months ago, when they were exchanging insults and threats that raised fears of war.
  • Trump predicts ‘tremendous success’ for historic summit

    Trump predicts ‘tremendous success’ for historic summit

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    It's the first ever meeting between a sitting US president and North Korean leader. "She called me and said, 'Dennis, Donald Trump is so proud of you". When I said those things, when I went back home, I got so many death threats ... and I believed in North Korea , and I couldn't even go home, I couldn't even go home, I had to hide out for 30 days, I couldn't even go home.
  • Dennis Rodman arrives in Singapore ahead of Trump-Kim summit

    Dennis Rodman arrives in Singapore ahead of Trump-Kim summit

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    Greg Scarlatoiu, executive director of the US-based Committee for Human Rights in North Korea , and Rabbi Abraham Cooper at the Simon Wiesenthal Centre urged Trump to seek "the complete, verifiable, irreversible dismantlement" of North Korean political prison camps - mimicking the formulation used by the United States in its demand for that nation's denuclearization.
  • Kim summit: Singapore meeting between United States and North Korean leaders nears

    Kim summit: Singapore meeting between United States and North Korean leaders nears

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    Trump was in Canada for the G-7 summit with leaders from Canada, France, Germany, Italy, Japan and the U.K. All seven leaders had worked out a joint statement stressing the importance of a rules-based worldwide trading system. As it happens, the North Korean and the American share a tendency to act unpredictably on the world stage. Pope Francis said on Sunday he hoped a forthcoming summit in Singapore between Trump and Jong Un will lead to peace for Korea.
  • Kim, Trump arrive in Singapore for landmark summit

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    The talks have been portrayed by Trump in recent days more as a get-to-know-you session. "I am on my way to Singapore where we have a chance to achieve a truly wonderful result for North Korea and the World". "The situation demands that all nations and peoples should go out to establish fair global relations", the paper says. The talks are expected to focus at least in part on an eventual deal to dismantle North Korea's nuclear program.
  • Trump forecasts 'nice' outcome from Kim Jong-un summit

    Trump forecasts 'nice' outcome from Kim Jong-un summit

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    Arriving at the Prime Minister's office after 1900 local time, Kim shook hands with Lee and his staff then sat down to begin talks in front of the cameras before the press was ushered out a few minutes later. we were able to complete the preparation for the historic summit". Kim arrived Sunday at the St. Regis hotel, where his close aide has been based as he leads a North Korean advance team arranging security and logistics details.
  • Trump, Kim set to make history

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    Kim's full delegation has not yet been confirmed, but other prominent North Korean officials seen in photos included foreign minister Ri Yong Ho and Kim Chang Son - the man who has been in Singapore in recent weeks negotiating logistical details for the summit.
  • Pompeo tries to reassure North Korea about denuclearization

    Pompeo tries to reassure North Korea about denuclearization

    Financiera

    Volatility and the Trump-Kim pairing go together like joint statements and the phrase "constructive talks". The leaders are spending the night at hotels about a half-mile apart in the upscale shopping area in Tanglin. Back in North Korea, the running bodyguards always accompany any state vehicle Kim is travelling on and the same was evident during the inter-Korean summit.
  • Kim Jong-un, Trump arrive in Singapore ahead of landmark summit

    Kim Jong-un, Trump arrive in Singapore ahead of landmark summit

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    Kim's personality profile then may well focus into the strategy for the summit, as will Trump's own attitude on the encounter. Kim smiled broadly Sunday evening as he met with Singapore Prime Minister Lee Hsien Loong. White House spokeswoman Sarah Sanders said USA and North Korean officials would hold working-level talks on Monday. The truth is Trump needs success in these talks more than Kim does because Trump has already claimed success on the basis of Kim's offer to denuclearise.
  • Justin Trudeau: We won't be pushed around by Trump

    Justin Trudeau: We won't be pushed around by Trump

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    US President Donald Trump waves as he arrives to board Air Force One to depart for travel to Singapore from the Canadian Forces Base Bagotville, Quebec , Canada , on June 9, 2018 . "Together we should tackle intellectual property theft and look at how we can further reduce red tape, regulatory barriers and tariffs between us - facilitating innovation and investment, to the mutual benefit of business and consumers on both sides of the Atlantic", the letter concludes.
  • Trump slams Trudeau, says USA won’t endorse G7 communique

    Trump slams Trudeau, says USA won’t endorse G7 communique

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    Earlier in the day, Trump had said there should be "tariff free" trade between the G-7 nations, though he did not elaborate on how or whether the USA would reduce barriers. All three trading partners have threatened to retaliate with their own levies against US imports. "We'll win that war 1,000 times out of a 1,000", he said.
  • A one time shot, Trump says of summit with N Korea

    A one time shot, Trump says of summit with N Korea

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    He added: "I know that Kim Jong-un will work very hard to do something that has rarely been done before.Create peace and great prosperity for his land". "It gives me an indication that the hostility by the average Australians against the DPRK is reducing and there's more interest in learning about the country".