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Amazon Will Split HQ2 Between NY, Northern Virginia

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But people familiar with the talks said this week that Long Island City and Crystal City have emerged as front runners for the "HQ2" project and its total of 50,000 jobs. As Amazon's search dragged on, residents in numerous 20 finalist cities anxious about the effect such a massive project could have on housing and traffic, as well as what potential tax incentives could cost the community. Read More »

UFO investigation after pilots report fast-moving lights over Ireland

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Another pilot who witnessed the UFO sighting revealed that these unidentified flying objects were apparently traveling at twice the speed of sound. The pilot was aboard a Boeing 787, en route from Heathrow to Montreal when he contacted Shannon Air Traffic Control (ATC) to ask if there were military exercises taking place in the airspace. Read More »

OPEC moves to combat plummeting oil prices

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The world's second and third crude producers - after they were overtaken by the United States thanks to shale oil - Russian Federation and Saudi Arabia are the core of an alliance of producer nations that succeeded in solidifying oil prices after the 2014 crash. Read More »

Oil prices climb after Saudi Arabia announces production cut

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Falih had stated that OPEC may need to cut output because oil markets may see an oversupply again next year. Khalid al-Falih's comments followed a meeting in Abu Dhabi at the weekend, where major producers started laying the groundwork to cut supply in 2019, reversing an nearly year-long expansion. Read More »

France impounds Ryanair plane on tarmac before take-off

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According to the president of the French regional airport authority said the airline had attempted to haggle over the price. Just under 24 hours later, the no-frills airline relented and paid up, authorities said Friday, allowing it to reclaim its aircraft. Read More »

China's exports to US tick up as traders try to beat tariffs

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However, its surplus with the USA fell to US$31.78 billion in October, down from a record high of US$34.13 billion in September. Despite several rounds of USA duties this year, China's exports have been surprisingly resilient as firms ramp up shipments before stiffer US tariffs go into effect. Read More »

FDA expected to impose restrictions on e-cigarettes

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The agency will also impose age-verification requirements for online sales. E-cigarette makers argue the devices help adult smokers give up cigarettes - potentially saving them from related illnesses - by giving a nicotine fix without the smoke and smell of combustible cigarettes. Read More »

US Fed leaves rates unchanged, stays on course for December hike

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As was widely expected, the central bank decided not to raise interest on Thursday, keeping its benchmark overnight lending rate in the current range of 2% to 2.25%. "Job gains have been strong, on average, in recent months, and the unemployment rate has declined". Labour market conditions are tightening with fewer available workers around to fill a large and increasing number of vacant positions. Read More »

Alibaba Singles' Day tops $30 billion but growth rate plunges

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The sale covers obvious goods like smartphones, TVs and other big-ticket consumer items, but also fashion, clothing, furniture, health products and more. "The whole world is looking", when it comes to Singles' Day sales figures, Zipser told Business Insider on Saturday. Singles Day "is not a day of discounts, but rather a day of gratitude", Ma said in the video. Read More »

New Mazda3 to make world premiere at 2018 Los Angeles Auto Show

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The 2018 Los Angeles Auto Show is just around the corner and, as always, it promises some interesting new products. The original G-Vectoring Control system used to do that as well, but the new system also "improves steering response as the driver straightens the wheel, by adding a hit of braking to the outside front wheel". Read More »

Govt denies eyeing RBI’s Rs 3.6 lakh crore

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He said, "Having adequate reserves to bear any losses that arise from central bank operations and having appropriate rules to allocate profits (including rules that govern the accumulation of capital and reserves) is considered an important part of central bank's independence from the government". Read More »

Bombardier to cut 5000 jobs after disappointing earnings

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Revenue in what was the company's third quarter totalled $3.64 billion, down from $3.84 billion a year ago. However, the company did eke out a profit of $149 million U.S. The company employs 6,500 people in the province. Quebec Premier Francois Legault weighed in after speaking with company and union leaders, saying his economy minister has started calling Quebec aerospace companies that are on the hunt for skilled workers. Read More »

Target & Walmart release Black Friday ads for holiday shoppers

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The leaked $199 Sony PS4 Slim 1TB Spider-man Bundle is also on the cover. "It is the biggest shopping and the best shopping day of the year", said Walmart's chief merchandising officer Steve Bratspies during a phone call with reporters. . Clothing retailer Mr Price begins its specials on 19 November all the way through to Cyber Monday on 26 November, while online store Zando will have sales of up to 90% on Black Friday. Read More »

Election Consolidates Senate Support for Trump’s Agenda

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Losing Taylor's seat leaves Republicans with just a single state House member in the state's largest city - Rep. Martina White. Two years ago, Trump secured his victory by winning two big prizes, OH easily and Florida narrowly, and then carrying Wisconsin, Michigan and Pennsylvania by the thinnest or margins - less that one percentage point in each state. Read More »

Trump vows to fight against Democrats in the wake of midterm defeat

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And by combining this policy agenda with rigorous oversight of Trump and his administration by progressive Democrats like incoming Judiciary Committee chair Jerry Nadler of NY and incoming Oversight and Government Reform Committee chair Elijah Cummings of Maryland-both of whom are prepared to navigate an accountability moment that could see Robert Mueller's inquiry open up a serious debate about impeachment-Democrats can outmaneuver Trump and Senate majority leader Mitch McConnell. Read More »

Runaway mining train travels 90 kilometres without driver

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It was reported that the train was travelling at an average speed of more than 100 km/h on its solo journey. "We have a long-term contract with BHP and we haven't received a notification so far", said an official at the mill in southern China who declined to be named as he was not authorised to speak to media. Read More »

Trendsetting Tarok: VW reveals compact bakkie concept

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VW is quite clear that a production version of this truck is on the way, and the road-going model has "barely any changes" from what's on display here, according to the company. And thus we admire the classiness of Volkswagen's nod to the Skoda Felicia Fun, buried a little beneath the surface of this Tarok pickup concept . Currently, Volkswagen's only real pick-up offering is the Amarok , but the Tarok is created to offer a pick-up with more lifestyle credentials; a flawless blend of size, ... Read More »

Elon Musk replaced as Tesla chair

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The 55-year-old Australian will temporarily step down as chair of Tesla's audit committee until she quits Telstra. Denholm will leave the Australian telco following a six-month notice period, during which her predecessor Elon Musk will provide her support to "ensure a smooth transition", according to the statement . Read More »

Indonesian airline passengers revolt over sacks of stinky durian

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Passengers disembarked the Sriwijaya Air flight, bound for Jakarta from Bengkulu on Sumatra Island, after complaining that the odour in the cabin would make flying unbearable. The airline eventually relented and unloaded sacks of the durian fruit . "Durian is not classified as a hazardous material to be transported on a plane", Sriwijaya Air official Abdul Rahim told national television station Kompas TV late Tuesday. Read More »

Chris Wallace: ‘Tremendous Overstatement’ to Give Trump Credit for GOP Holding Senate

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Initial vote counts were too tight to call a pivotal race in IN, where Republicans hoped to oust moderate Sen. Marsha Blackburn triumphed in Tennessee. He was active on Twitter throughout much of the day, blasting out endorsements for Republican candidates and weighing in on the balloting. Billionaire Michael Bloomberg, who advocates gun control, poured millions into House races for Democrats, offsetting the big-dollar spending to save Republicans by the Congressional Leadership Fund, which ... Read More »

Trump makes final push in battleground states as midterm election nears

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For nearly two years, Trump's rule-breaking, sometimes chaotic administration has enjoyed a free hand from the twin Republican controlled chambers, but the midterms could see him forced to face an opposition with real teeth. "The vast majority of women voters are angry, frustrated and they are really done with seeing where the Republican Party is taking them, particularly as it related to heath care and civility", said Stephanie Schriock, who leads EMILY's List, a group that help elect ... Read More »

Israel welcome restored U.S. sanctions on Iran

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With President Trump finally pulling the trigger on tough economic and financial sanctions , Iran is gearing up to revive a black-market oil export operation that kept the regime afloat the last time Washington engineered an worldwide embargo on Iranian crude. Read More »

Democrats’ Pickup Chances Rise in More House Races, Analyst Says

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For nearly two years, Trump's rule-breaking, sometimes chaotic administration has enjoyed a free hand from the twin Republican controlled chambers, but the midterms could see him forced to face an opposition with real teeth. His outspoken tweets so far today have targeted illegal voting - threatening massive penalties for anyone who attempts to fudge the system. " Health care is on the ballot", former President Barack Obama told Democratic volunteers in Virginia. Read More »

'I Don't Care' if House Democrats Release My Tax Returns

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Americans are voting for all 435 seats in the House, and 35 of the 100 Senate seats. They are favored to win 18 GOP seats, according to the Cook Political Report, and Republicans are favored to win two Democratic seats. Races in Tuesday's election are being held within new boundaries drawn by the court's Democratic majority . And, finally, even that subpoena power could pose some tough choices for Democrats . Read More »

Amazon HQ2 selection nears as anxiety and jockeying increase

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The e-commerce giant a year ago announced plans to invest US$5 billion in a second headquarters and hire up to 50,000 people, setting off a frenzy of interest from cities in the USA and Canada. MA economic development secretary Jay Ash said Saturday his office has not been in recent contact with Amazon. Seattle was No. 2 with 145,100. Bob Swindell, head of the Greater South Florida Chamber in Broward, said he would not comment on new reports because, "We want to remain on great terms ... Read More »

See If Your Lowe's Store Is Closing

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Lowe's expects the stores targeted will be closed by February 1. To facilitate an orderly wind-down, the company intends to conduct store closing sales for most of the impacted locations with the exception of select stores in the US, which will close immediately. Read More »

Co-pilot arrested after tests found alcohol levels 10 times over legal limit

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Jitsukawa was arrested after failing an alcohol test. Japan Airlines apologized and said they would "implement immediate actions to prevent any future occurrence". JAL withheld the co-pilot's identify, but London's Metropolitan Police identified him as 42-year-old Katsutoshi Jitsukawa. He is now in custody and will be sentenced on November 29 at the Isleworth Crown Court. Read More »

Iran Sanctions Kick In

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More than 100 global companies have pulled their business from Iran due to the further sanctions. The White House on Friday announced that "all the sanctions" relieved under the 2015 Iran deal would be reimposed , though at least eight countries - including major Iranian oil consumers India, South Korea and Japan - would get cutouts allowing them to continue purchasing Iranian oil. Read More »

‘Watch what we do’, USA tells Iran crude buyers India and China

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Secretary of State Mike Pompeo said the U.S. aimed to reduce Iranian oil sales to zero. "Until then, our historic sanctions will remain in full force", he said, hours after his two Cabinet members, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin, announced that the US would reimpose a series of crippling sanctions on Iran beginning on Monday. Read More »

United States economy adds more jobs

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Eighteen states have increased their minimum wages this year. "Wow! The U.S. added 250,000 Jobs in October-and this was despite the hurricanes", he tweeted. Government payrolls increased by 4,000. The jobs report will likely be a boon to Republicans running on their economic achievements, including the stimulus the Republicans injected into the economy through tax cuts, an increase in spending and a reduction in regulations. Read More »

One dead in partial collapse of Amazon warehouse

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At least two people died in a partial building collapse at an Amazon distribution warehouse in Baltimore when severe weather rolled through the area. No other injuries were reported. "The safety of our employees and contractors is our top priority, and at this time the building remains closed". "Our thoughts and prayers go out to the families impacted by Friday evening's tragic event". Read More »

Apple Shares Tumble Despite Topping Earnings Expectations

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Excluding a one-time favorable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27 percent. Read More »

France, Germany, UK, EU Condemn New U.S. Iran Sanctions

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Pompeo did not name the countries to be exempted, except to say that the European Union was not among them. Iraq is among eight Iranian oil importers expected to receive waivers to bypass the upcoming sanctions. The United States will exempt eight nations from U.S. secondary sanctions on Iran's oil exports , the Donald Trump administration said today. "We have committed to work on ... Read More »

Toronto falls short in quest for 2nd Amazon headquarters

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According to The Washington Post , Amazon is looking specifically at Crystal City, with talks including which buildings it would take and how quickly it could move employees there. It is understood that the area's premier developer, JBG Smith, has pulled some of its buildings off the leasing market to make way for Amazon. Spokesmen for Amazon declined to comment to the newspaper, as did Arlington County Board Chair Katie Cristol. Read More »

US SEC subpoenas Tesla on Model 3 production estimates

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First up, we have Apple's Senior Director of Mac Product Marketing, Tom Boger, speaking with Canadian Rene Ritchie from iMore on his podcast, Vector . Ride-hailing company Uber, which is aiming to go public next year, also plans to introduce e-bikes for smaller trips in inner cities. In Tesla's fourth quarter update of 2017 , the company revised the forecast and said "We continue to target weekly Model 3 production rates of 2,500 by the end of Q1 and 5,000 by the end of Q2". Read More »

Trump expects 'very good' trade deal with China

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Before leaving the White House for a campaign event, US President added: "I think we'll make a deal with China, and I think it will be a very fair deal for everybody, but it will be a good deal for the United States". "He wants to do it", Trump said of Xi. On Friday, markets climbed following hopes Chinese-US relations were on the mend but gains were soon reined in as uncertainty over the trade deal hits investor confidence. Read More »

Tesla 'Summon' upgrade: You'll operate auto like an RC toy, Musk says

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Tesla said last week it did not receive a USA subpoena from the Federal Bureau of Investigation related to its Model 3 production forecasts, following a report that it faced a deepening criminal probe about the projections . Tesla also expects to continue to increase its Model 3 production rate to about 7,000 units per week at its Fremont, Calif., factory. "Tesla also said: ".there have not been any developments in these matters that we deem to be material, and to our knowledge no ... Read More »

Turkey’s manufacturing index slightly rises in October

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That's up from 52.5 in September, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction. The AUD/USD is trading just north of the 0.7100 barrier once again after surging higher in the Pacific-Asia session, helped along by Chinese Caixin Manufacturing PMI data that managed to hold above the 50.0 critical level. Read More »

PM meets AIIB president, stresses close coordination

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Pakistan is already highly dependent on China as the bulk of the foreign loans inherited by Mr Khan's government are with Chinese lenders. Talking to the AIIB president, PM Imran Khan said as a founding member of the AIIB, Pakistan fully supports the bank's mission, adding that the AIIB had achieved good results in a short span of time since and was financing developmental projects in Pakistan. Read More »

Iran's oil exports still high despite US sanctions

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Traders said the fall in crude oil futures is mostly in tandem with a weak trend overseas where it slipped to trade at seven-month low on concerns over weakening global demand and increased supply from the world's major oil producers. "We think Trump will agree to China importing some volumes, similar to the treatment that India and South Korea receive", he said. The American Petroleum Institute (API) reported yet another crude oil inventory build this week, this time of 5.69 million ... Read More »

Claims of Brexit deal on banking quashed by No10

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Many top bankers fear Brexit will slowly undermine London's position as the world's biggest worldwide financial centre, and a Reuters survey found that, so far, just over 600 are moving away. The EU has no such regime for major activities including commercial bank lending and parts of the insurance sector. 'This would be based on the principle of autonomy for each side over decisions regarding access to its market'. Read More »

Japan Airlines apologizes for arrested drunk co-pilot

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Tests revealed he had 189mg of alcohol per 100ml of blood in his system, nearly 10 times the 20mg limit for a pilot. He has pleaded guilty to exceeding the alcohol limit at Uxbridge Magistrates' Court. And not just drunk, he was 10 times over the permissible alcohol limit for pilots. After a second breath test before takeoff showed that he had consumed "excessive alcohol", the co-pilot was arrested by British police and required to undergo a blood test which confirmed those results, the ... Read More »