• India to merge three state-owned banks
India to merge three state-owned banks

The government will continue to provide capital support to the merged bank, expected to be India's third largest, said Rajeev Kumar at a press conference in New Delhi . "This will hopefully create a mega bank that will be sustainable", Jaitley added. He added,"No employee will face any service conditions which are adverse in nature".

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  • Trump escalates trade war, sets new tariffs on $200B in Chinese goods
Trump escalates trade war, sets new tariffs on $200B in Chinese goods

A 10 percent tariff will go into effect September 24, the president said in a statement , and increase to 25 percent on January 1, 2019. Trump, in a statement announcing the new round of tariffs, warned that if China takes retaliatory action against United States farmers or industries, "we will immediately pursue phase three, which is tariff...

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  • USA to spare some Apple products from latest China tariffs
USA to spare some Apple products from latest China tariffs

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against US farmers or other industries. White House spokeswoman Lindsay Walters declined comment on the timing of a possible announcement, but said: "The President has been clear that he and his administration will continue to take action to addre...

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  • Coca-Cola preparing to make cannabis drink
Coca-Cola preparing to make cannabis drink

Coca-Cola insisted " no decisions have been made at this time " and said it would not comment on further speculation. Corona maker Constellation Brands is ploughing more than $4 billion into marijuana producer Canopy Growth to make cannabis based products, while Molson Coors Brewing Co's Canadian arm has said it will make cannabis-infused drinks...

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  • Iran says oil market is too tight for US zero exports targetNaija247news
Iran says oil market is too tight for US zero exports targetNaija247news

The number of ships loaded with Iranian oil and anchored off the loading port of Kharg Island and the Souroush oil field has also risen as Iran's pool of buyers shrank, the data showed. Iran , which is facing sanctions by the United States, saw its August production falling by 120,000 barrels per day. Kazempour has voiced scepticism that other pr...

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  • Meredith Sells Time Magazine for $190 Million
Meredith Sells Time Magazine for $190 Million

Meredith Corporation , which itself had just bought Time's parent company Time Inc. early this year, said the Benioffs are buying Time as individuals, with no connection to Salesforce or Marc Benioff's role as an executive and its co-founder.

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  • Karnataka Declares Rs 2/Litre Cut For Petrol, Diesel As Fuel Prices Soar
Karnataka Declares Rs 2/Litre Cut For Petrol, Diesel As Fuel Prices Soar

Fuel prices are lowest in the capital, followed by Kolkata, where a litre of petrol is being sold for Rs 83.91 and diesel for Rs 75.53. In what could be perceived as a sigh of relief for the common man, Karnataka Chief Minister HD Kumaraswamy, on Monday, announced that his government will be cutting the prices on petrol and diesel by Rs 2 per li...

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  • Bank of England leaves rates on hold
Bank of England leaves rates on hold

In the housing crash of the early 1990s prices fell 20 per cent between 1989 and 1993. Carney is due to speak in Dublin at 1000GMT. But many business chiefs and investors fear politics could get in the way, thrusting the world's fifth largest economy into a "no-deal" divorce they say would weaken the West, spook financial markets and clog up th...

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  • Typhoon Mangkhut death toll climbs in Philippines
Typhoon Mangkhut death toll climbs in Philippines

The plans of tens of thousands of travelers were disrupted by flight cancellations at Hong Kong's global airport, a major regional hub. "Southern regions including the provinces of Guangdong, Fujian and Hainan will be hit by gales and storms on Sunday and Monday", the National Meteorological Center told China's official Xinhua news agency.

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  • Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence
Duke starts to shut N.C. Brunswick nuclear plant ahead of Florence

The company has six nuclear plants in the path of the storm, but Brunswick is by far the closest to the Atlantic Ocean. In a press briefing, Jeff Byard, associate administrator for the FEMA Office of Response and Recovery, said the agency was not concerned about the power plants in the storm's path "at this time".

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  • Canada's legal marijuana creates risk for investors at U.S. border
Canada's legal marijuana creates risk for investors at U.S. border

States and Canada , the sale, possession, production and distribution of marijuana remain illegal under U.S. federal law", Niezgoda said. In the meantime, workers in Canada's cannabis sector should stay away from the US border until they find a new job, said Levitt.

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  • 'Presidential Alert': FEMA to test emergency alert system next week
'Presidential Alert': FEMA to test emergency alert system next week

The Wireless Emergency Alerts (WEA) system is already in use in the U.S. -smartphone users are likely familiar with the loud, droning tone of flood warnings or Amber alerts. Any cellphone that is powered on, connected to a WEA member's network, and is within range of an active cell tower will receive the message once. The messages will bear the h...

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  • 'If in doubt, throw them out': Needles in strawberries prompt warning
'If in doubt, throw them out': Needles in strawberries prompt warning

However, the Donnybrook farm strawberries are sold broadly across the country, in both Coles and Woolworths . Queensland's Chief Health Officer Dr Jeannette Young said anyone who had Berry Licious or Berry Obsession strawberries at home should not use them.

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  • Volkswagen to end iconic 'Beetle' cars in 2019
Volkswagen to end iconic 'Beetle' cars in 2019

As the World War II began, Volkswagen had to halt its production. The Fuehrer formed a state owned automobile company in 1937, and among the first objectives of this firm was to produce cars for as low as 1000 Reichsmark (approximately $140 back in 1938).

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  • Turkish Central Bank hikes interest rate to 24%
Turkish Central Bank hikes interest rate to 24%

Erdogan, a self-described "enemy of interest rates", has pushed banks to lend more to boost private spending. "If you say 'inflation is cause, the rate is the result", you do not know this business, friend, ' he added. "This issue is totally directed by political motives", he said. "With the current volatility, you have some settlement concerns, ...

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  • FDA Threatens to Stop Sales of Flavored E-Cigarettes
FDA Threatens to Stop Sales of Flavored E-Cigarettes

The more than 1,300 warning letters and fines to retailers that the FDA announced today were part of a large-scale, undercover nationwide blitz to crack down on the sale of e-cigarettes to minors at both brick-and-mortar and online retailers, which was conducted from June through the end of August.

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  • Sydney-bought strawberries contaminated with needles, NSW police confirm
Sydney-bought strawberries contaminated with needles, NSW police confirm

Officers from the Sutherland Police Area Command were notified on Friday about the risky punnet of Delightful Strawberries, and seized it for their inquiries into what appears to be sabotage with a nationwide range. "These further instances are cases in which needles have been found within the strawberries and people have gone to eat them, have cut...

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  • U.S. makes trade talks move as pressure mounts ahead of midterms
U.S. makes trade talks move as pressure mounts ahead of midterms

President Donald Trump to Beijing, in Beijing, China November 8, 2017. The trade war has already contributed to sell-offs in China's stock markets and currency. American officials also worry they might erode US industrial leadership. "Even as both sides try to engage in negotiations as much as possible, the trade war remains a long-term battl...

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  • Jeff Bezos announces $2 billion fund to build preschools, help homeless families
Jeff Bezos announces $2 billion fund to build preschools, help homeless families

Most important among those will be genuine, intense customer obsession. "September is Childhood Cancer Awareness month", he wrote saying Amazon employees around the globe will be wearing pjs to work to show their solidarity and support to children suffering from the deadly disease.

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  • Mark Carney will lead Bank of England through Brexit
Mark Carney will lead Bank of England through Brexit

He was seen as a key source of stability in the political power vacuum that followed the Brexit vote, with one former policy maker calling him the "only adult in the room" for his pledge to support the financial system in the immediate aftermath.

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