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Sadly, this probably doesn't mean that we're about to hear that Elon's discovered aliens, because the announcement relates to his electric vehicle company instead. But that correction was not enough for a federal judge, who gave Musk two weeks to explain why he should be spared from being held in contempt for violating the agreement with the SEC.
  • Amazon ends plans to build HQ2 in New York City

    Amazon ends plans to build HQ2 in New York City

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    It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. The Seattle-based online store announced it had canceled the planned Long Island City project Thursday, amid anger over $3billion in tax-breaks promised to Amazon in return for setting up in Queens, and fears it would gentrify the area, pricing-out long-time residents.
  • British cabinet ministers believe PM May preparing to resign

    British cabinet ministers believe PM May preparing to resign

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    The Prime Minister has spent the last week visiting Dublin and Brussels in an attempt to get changes on the controversial Irish backstop, and was expected to discuss her progress on Wednesday. Swiss Economics Minister Guy Parmelin signed the deal with the British Secretary of State for International Trade, Liam Fox, in the Swiss capital on Monday.
  • Venezuela's Guaido sets aid entry date amid anti-Maduro protests

    Venezuela's Guaido sets aid entry date amid anti-Maduro protests

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    The opposition is also making arrangements for more aid to be sent through Brazil and Puerto Rico. UN Secretary General Antonio Guterres has reiterated his offer of good offices for a serious negotiation in Venezuela that benefits the people and helps to alleviate tensions that country is facing on Tuesday.
  • $190M In Crypto Lost As Exchange Founder Dies With Only Password

    $190M In Crypto Lost As Exchange Founder Dies With Only Password

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    He reportedly died in India in December, Coindesk .com reported. The company said he was planning to open an orphanage when he passed. QuadrigaCX didn't announce the death until more than a month later out of fear it would prompt users to withdraw their crypto , and indeed that's what happened.
  • Trump will call for unity in today's State of the Union address

    Trump will call for unity in today's State of the Union address

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    The president is also expected to call for political unity and an end to the partisan politics dividing the nation. The State of the Union will be Tuesday at 8 p.m. White House officials confirmed as much , telling NPR they requested a security walk-through as though the speech would still take place on january 29.
  • Google parent Alphabet boosts revenue 21%

    Google parent Alphabet boosts revenue 21%

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    A booming digital advertising market lifted Google's fourth-quarter advertising sales by a fifth and helped Alphabet , its parent, to beat Wall Street's profit and revenue forecasts last night. "But a lot of the additional expenditure is going into cloud where it is unclear whether there will ever be a return on that investment". He did share one small nugget meant to highlight the success of one of its newest devices: one in seven Google Home devices activated during the holiday season ...
  • Government going round in circles over Brexit, says Northern Ireland Chamber chair

    Government going round in circles over Brexit, says Northern Ireland Chamber chair

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    European Commission President Jean-Claude Juncker stuck to the same line, adding that Brussels still did not know what Britain wanted and that the chances of a "no-deal" exit had increased. "I suspect we will still be in a position where the antidote to the government's impasse on the 14th will be a more structured period of time for the Commons to make decisions".
  • Red alert! Wales stun France in dramatic Six Nations opener

    Red alert! Wales stun France in dramatic Six Nations opener

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    Slade added: "We had two weeks gearing up for this game and we knew exactly how we wanted to come and play". England have won once in Dublin in the Six Nations since 2003 and had not scored a single try in the tournament there since Steve Thompson's consolation effort in 2011.
  • To Florida's Venezuelan exiles, Pence vows more pressure on Maduro

    To Florida's Venezuelan exiles, Pence vows more pressure on Maduro

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    While marshaling worldwide support, Guaido is seeking to maintain street pressure against Maduro , and has called more mass protests for Saturday. The United Nations has told Venezuela's Juan Guaido that it is willing to step up humanitarian aid to his country but requires consent from the government led by Nicolas Maduro, a spokesman said Thursday.
  • Federal Reserve nods to economic headwinds as it keeps rates steady

    Federal Reserve nods to economic headwinds as it keeps rates steady

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    The Fed's policy statement left its overnight benchmark lending rate in a target range of 2.25 percent to 2.5 percent. The euro was 0.2 percent higher at $1.14650. Powell, who was hand-picked by President Trump for the Fed's top spot, recently attracted scorn from the president for the Fed's rate-hiking path in 2018.
  • Venezuela's Maduro 'willing to sit down' with opposition

    Venezuela's Maduro 'willing to sit down' with opposition

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    He moved forward with building a transition government on Tuesday, naming almost a dozen new diplomats to nations that have recognized him as interim president. "That is true diplomacy". But Maduro is holding firm. Washington has recognized Guaido's claim to lead Venezuela, but hard-left President Nicolas Maduro , who still controls the military and police, says Guaido is part of a US -led coup plot.
  • Huawei Denies All Charges in US Indictments

    Huawei Denies All Charges in US Indictments

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    The arrest has left Canada where it never wanted to be-caught in the middle of an escalating trade and security conflict between the world's two strongest powers. "One signpost will be if the Chinese make credible promises on intellectual property theft-and, for example, if they start prosecuting people who steal IP", says James Andrew Lewis, director of the technology and public policy program at the Center for Strategic and International Studies and a former foreign services officer ...
  • Death toll from Brazil dam collapse reaches 84

    Death toll from Brazil dam collapse reaches 84

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    It said Samarco has not yet reached an agreement with its lenders on the restructuring of its unsecured financial obligations. The search is set to resume on Sunday morning. It's not believable that "dams of such magnitude, run by one of the largest mining companies in the world, would break suddenly without any indication of vulnerability", the judge wrote in the decision, according to news portal UOL.
  • Venezuela’s Maduro offers to negotiate with opposition

    Venezuela’s Maduro offers to negotiate with opposition

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    The Venezuelan opposition figure has suddenly rocketed to worldwide acclaim in the past week, after swearing himself in as president of the country in a direct flouting of Maduro at the front of large anti-government protests - which have been met with pro-government rallies.
  • Apple says sales fell in the first quarter

    Apple says sales fell in the first quarter

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    It also highlights the fact that we may have reached a saturation point with iPhones for the time being. Apple shares rose nearly 4 percent in extended trading on Tuesday. That would bring prices closer to where they were a year earlier - in other words, they're price cuts. In the same period a year earlier, it pulled in $61.1 billion from selling iPhones.
  • MPs order Theresa May to prevent a no-deal Brexit

    MPs order Theresa May to prevent a no-deal Brexit

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    Speaking in Cyprus moments before MPs voted, Mr Macron said: "As the European Council in December clearly indicated, the Withdrawal Agreement negotiated between the United Kingdom and EU is the best agreement possible". Sir Graham Brady, the influential head of the Conservative Party's 1922 Committee, wants to overcome the main hurdle to May's deal by replacing the "Irish backstop".
  • Huawei disappointed in United States charges, denies any wrongdoing

    Huawei disappointed in United States charges, denies any wrongdoing

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    The jury found that Huawei misappropriated Tappy but didn't do it in a "willful and malicious" manner. US President Donald Trump's administration has reinstated all sanctions on Iran removed under a 2015 nuclear deal and recently imposed even stricter measures , hitting oil exports, shipping and banks.
  • Social Media Lessons Entrepreneurs Can Learn From Congresswoman Alexandria Ocasio-Cortez

    Social Media Lessons Entrepreneurs Can Learn From Congresswoman Alexandria Ocasio-Cortez

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    Before you start developing a new product or service, talk to real people who might be having the problem you're trying to solve. Reps. Alexandria Ocasio-Cortez (N.Y.), Ayanna Pressley (Mass.), and Rashida Tlaib (Mich.) are joining the panel as Pelosi pitched the addition of "outstanding members" on "critical committees, where their fresh vision and powerful voices will be critical".
  • Venezuelan military vows to back Maduro amid unrest

    Venezuelan military vows to back Maduro amid unrest

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    Juan Guaidó , who has also been declared Venezuela's legitimate ruler by the United States, Britain, Canada and most of Latin America, offered Mr Maduro amnesty if he left power. The move comes as opposition leaders call for Venezuela's military to turn against Maduro. "It's really important that the democratic worldwide support for a change in Venezuela really get their act together, be consistent and make it very clear that invasion, military means, is not going to happen".
  • The Times view on China's slowdown in economic growth: Chinese Medicine

    The Times view on China's slowdown in economic growth: Chinese Medicine

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    According to data provided today by the National Statistics Bureau, the Chinese economy grew by 6.6% previous year. After China implemented the comprehensive two-child policy that allows all couples to have two children - abandoning its decades-long one-child policy - in 2016, the country's health authority predicted that the fertility rate in 2017 and 2018 would be 1.97 and 2.09.
  • Global Stocks Extend Rise as US Mulls Tariff Drawdown

    Global Stocks Extend Rise as US Mulls Tariff Drawdown

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    Second, even though there is an additional 10 percent tariff on products imported into the United States from China , for the most part US importers have cut their profit margins, or the Chinese suppliers have cut their sales costs to accommodate the American buyers.
  • Trump attacks top Democrat for rejecting Mexico wall deal

    Trump attacks top Democrat for rejecting Mexico wall deal

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    Left unsaid in the remarks from the White House: it was the Trump administration that attempted to terminate DACA in the first place, and the Trump administration that has aggressively sought to end Temporary Protected Status, or TPS, for the vast majority of foreign nationals now living legally in the United States with the designation.
  • China calls proposed U.S. legislation against Huawei, ZTE

    China calls proposed U.S. legislation against Huawei, ZTE "hysteria"

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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.
  • United States partisan divide on govt shutdown over border wall more sharply

    United States partisan divide on govt shutdown over border wall more sharply

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    Dozens of federal employees and their representatives as well as activists gathered here on Tuesday to protest against the ongoing partial government shutdown , which is now the longest government closure in US history. "We look forward to more conversations like this", White House press secretary Sarah Sanders said in a statement. White House adviser Stephen Miller and other White House speechwriters have been working on the President's State of the Union address for weeks.
  • Brexit: UK PM May survives confidence vote

    Brexit: UK PM May survives confidence vote

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    A YouGov survey released Thursday found that when excluding those who said they do not know or would not vote, 56 percent of respondents would choose to remain in the European Union if there was a new referendum, while 44 percent would choose to leave.
  • Brexit: Theresa May loses vote, demonstrators take to streets

    Brexit: Theresa May loses vote, demonstrators take to streets

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    British Prime Minister Theresa May has three sitting days to return to parliament with a "Plan B". Jeremy Corbyn is May's political opponent as leader of the Labour Party, and he has put up a vote of (no) confidence in May's government that is expected to take place in just one-day's time (Wednesday).
  • Theresa May’s Brexit Deal Rejected By MPs In Historic Vote

    Theresa May’s Brexit Deal Rejected By MPs In Historic Vote

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    In the weeks since agreeing her deal with European Union leaders in November, Mrs May has insisted that, if MPs reject it, the resulting choice will be between no deal and no Brexit . Time is nearly up", Juncker warned. With the United Kingdom due to leave the EU in 10 weeks, there is growing alarm among British and European politicians that May will fail to end the impasse in time to avoid the potential economic catastrophe of leaving the EU without a deal.
  • Unpaid airport screening agents get bonus during shutdown

    Unpaid airport screening agents get bonus during shutdown

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    Even though the House and Senate voted to provide back pay to the more than 800,000 federal workers nationwide going without pay because of the shutdown, some employees say that will not cut it. The organization has been trying to encourage government officials to end the shutdown, to the benefit of both shutdown-exempt workers who aren't receiving pay and furloughed members who are now out of a job.
  • Dow Jones drops 660 points after Apple forecast adjustment

    Dow Jones drops 660 points after Apple forecast adjustment

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    The decision to hold this week's talks at a deputy minister level reflects the need to work out technical details before higher-level officials make "hard political decisions on major issues", said Tu Xinquan, director of the China Institute for World Trade Organization Studies at the University of International Business and Economics in Beijing .
  • 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.