• US Tells Allies to Stop Buying Iranian Oil, Says Waivers 'Unlikely'
US Tells Allies to Stop Buying Iranian Oil, Says Waivers 'Unlikely'

The protests in late December and early January saw at least 25 people killed and almost 5,000 arrested, but took place largely in Iran's provinces rather than in the capital, Tehran. External affairs minister Sushma Swaraj and defence minister Nirmala Sitharaman would be in the USA next week for talks with their American counterparts secreta...

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  • Chinese tech investment in USA is next target in Don's crackdown
Chinese tech investment in USA is next target in Don's crackdown

The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with "industrially significant technology", a government official briefed on the matter said on Sunday.

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  • Erdogan wins Turkey presidential polls
Erdogan wins Turkey presidential polls

Part of Erdogan's continued appeal to Turks is his patriarchal and security-focused message, and the government will now be sure to ramp up its battle against Kurdish militancy (and other types of extremism) in Turkey, Syria and Iraq. The president will appoint senior judges, set the budget and can issue decrees as laws. But Turkey's currency, th...

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  • China, EU teaming up against Trump in trade war
China, EU teaming up against Trump in trade war

Today the trade war gets serious and Trump fans have to know that their beloved leader has brought this on. He said markets have misunderstood the president's plans. In other financial markets, oil prices fell in the wake of a weekend decision by Oped and its allies to begin ramping up production. China, also affected by United States steel tar...

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  • Trump 'surprised' by Harley-Davidson move to shift work out of US
Trump 'surprised' by Harley-Davidson move to shift work out of US

These examples of job losses come amid promises from Donald Trump to save American jobs, casting doubt across the country about the effectiveness of Trump's tariff strategy for trade. Milwaukee-based Harley-Davidson Inc. will shift production of motorcycles for Europe to its worldwide facilities to avoid up to $100 million annually in costs fro...

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  • USA will crack down on all countries trying to steal its technology
USA will crack down on all countries trying to steal its technology

Treasury Secretary Steve Mnuchin called the story "fake news" on Twitter , saying the rules will not be specific to China, but to all countries that are trying to steal our technology ". Foreign investments already must pass interagency review under the Committee on Foreign Investment in the US, to see if they violate national security.

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  • Harley-Davidson will not raise prices to cover tariff costs
Harley-Davidson will not raise prices to cover tariff costs

Harley-Davidson Inc. announced it is shifting production of some of its motorcycles to Europe because of President Donald Trump's escalating trade war, which critics warn could hamstring the humming USA economy and cost jobs. Harley said increasing production at its overseas worldwide plants would require incremental investments and could take ...

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  • Thousands push for public vote on final Brexit deal in London march
Thousands push for public vote on final Brexit deal in London march

The aeroplane manufacturer claimed hard Brexit would "lead to severe disruption and interruption of United Kingdom production". Rejecting claims the Government has failed to make adequate preparations for a no-deal Brexit, he told the paper: "There's lots going on, we haven't made it public for very simple reasons".

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  • Greece 'turning a page' as eurozone declares crisis over
Greece 'turning a page' as eurozone declares crisis over

The ministers needed to finalize a deal between Greece and its worldwide creditors that would allow it to safely emerge from its third and final bailout program on August 20 and face the markets again. Unlike the first two Greek bailouts, the International Monetary Fund did not join the latest Greek programme with it its own loans, but will continu...

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  • Supreme Court’s sales-tax ruling could mean $200 million for IL
Supreme Court’s sales-tax ruling could mean $200 million for IL

Amazon , Shopify (SHOP), Etsy (ETSY) and Wayfair and other e-commerce stocks all were down. For decades, these sales tax laws were only applicable on purchases that were made from retailers who had a physical presence within that state.

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  • Oil prices rally after OPEC meeting
Oil prices rally after OPEC meeting

Trump wrote on Twitter after OPEC announced its decision. And not only Trump: oil prices have recently gotten so high, they have led to political fallout among mostly Developing Nations such as India, whose petroleum minister rang Al-Falih last month and expressed "concern about rising prices".

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  • Trump threatens tariff on European cars
Trump threatens tariff on European cars

Census data, and a 20 percent tariff on those goods could drive up their costs for consumers. President Trump aimed his Twitter fire at Europe on Friday, saying a 20% Trump tariff could soon apply to cars imported from Germany and the rest of the European Union.

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  • Supreme Court sales tax ruling to make online shopping more expensive
Supreme Court sales tax ruling to make online shopping more expensive

Estimates are projecting states and local governments could pull in $8 billion to $23 billion a year in revenue. Now, thanks to a US Supreme Court ruling (PDF) on Thursday, they have to. In turn, the US Government Accountability Office (GAO) said that sales taxes may generate $ 13 billion in revenues to local budgets. The court decision could...

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  • U.S. Oil Prices Slip a Bit Before OPEC Meeting
U.S. Oil Prices Slip a Bit Before OPEC Meeting

Falih said the exact mechanics of any increase would be decided among all OPEC members on Friday. He warned his fellow oil producers about rising consumer anxiety and the potential for high prices to have a negative impact on demand. President Donald Trump, wants to unwind some of the cuts by engineering a "moderate" supply boost in the second ha...

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  • Canada to legalise cannabis from October 17: Justin Trudeau
Canada to legalise cannabis from October 17: Justin Trudeau

Effective October 17th, Canada will legalize recreational marijuana throughout the country. Medical marijuana has been legal in Canada since 2001, and in response to popular opinion, the Liberal Party committed to legalizing it for personal use during the elections of 2015.

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  • Saudi expects $40 billion foreign fund inflows after MSCI -CMA
Saudi expects $40 billion foreign fund inflows after MSCI -CMA

If the country imposes any restrictions such as capital or FX controls then MSCI will review its reclassification decision. Saudi Arabia could attract 150 billion riyals (30.38 billion pounds) worth of foreign inflows from both passive and active funds, a Saudi official said, after index provider MSCI made a decision to add the Saudi bourse to ...

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  • Trade War Fallout: 5 ways the Trump tariffs could impact air cargo
Trade War Fallout: 5 ways the Trump tariffs could impact air cargo

Build them here!" The European Union will begin charging import duties of 25% on a range of USA products on Friday, in response to United States tariffs imposed on EU steel and aluminium early this month, the European Commission said on Wednesday.

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  • OPEC on tightrope as output target talks prompt clash
OPEC on tightrope as output target talks prompt clash

Vice President, Macro Oils , at Wood Mackenzie, Ann-Louise Hittle said the producers must contend with differing production expectations for Iran and Venezuela, and consider external pressure for action from the USA, adding that, "for Iran, the exact impact of the newly restored U.S.

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  • European Union tariffs on U.S. products have gone into force
European Union tariffs on U.S. products have gone into force

In March, President Trump pledged to impose 25 percent tariffs on steel imports and 10 percent tariffs on aluminum imports from Canada , Mexico and the European Union . "The rules of global trade that we have developed over the years with our American partners can not be violated without a reaction from our side", Malmstrom said.

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  • President Trump threatens new tariffs on $200 billion in Chinese imports
President Trump threatens new tariffs on $200 billion in Chinese imports

The collateral damage could be widespread. American farmers could be evicted from a lucrative market for their goods. Chinese companies listed in the USA took sharp losses. But Beijing has chosen its targets strategically. They include electric cars, whiskey and soybeans - a politically and economically vital export of America's heartland, wher...

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