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  • Emerging markets head for 'textbook currency crisis'
Emerging markets head for 'textbook currency crisis'

The sanctions caused market turmoil, which the central bank attempted - but failed - to soothe with a series of market-boosting measures. "You act on one side as a strategic partner but on the other you fire bullets into the foot of your strategic partner", Erdogan told a conference in the capital Ankara.

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  • Tesla's CEO Elon Musk sued for fraud
Tesla's CEO Elon Musk sued for fraud

The Saudi sovereign wealth fund recently bought a 5% stake in Tesla . "As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla , all of whom are shareholders", Musk wrote, according to Forbes.

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  • Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept
Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept

A U.S. airline employee who stole an empty plane from an airport and crashed it into nearby island has been described by police as "suicidal". Air Alaska passengers wait in the terminal following an incident where an airline employee took off in an airplane, at Seattle-Tacoma International Airport in Seattle , Washington, U.S., August 10, 2018...

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  • Crude slides after China announces tariff on US oil products
Crude slides after China announces tariff on US oil products

More tariffs are planned, including duties of 25pc on an additional $16bn of Chinese goods that the United States will impose in a fortnight. The United States and China implemented tariffs on $34billion worth of each other's goods in July.

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  • Ontario Government Bringing Back
Ontario Government Bringing Back "Buck-a-Beer" Minimum Pricing

Ford visited Baldwin's brewery on Tuesday to announce his buck-a-beer plan, which will see the minimum price of a bottle or can of beer under 5.6 per cent drop to $1 from $1.25. "I certainly don't want to have the same prices on my product as we did eight or nine years ago because the cost to produce that product has gone up significantly", said Pa...

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  • Elon Musk needs just 61 characters to lift wealth by $900 million
Elon Musk needs just 61 characters to lift wealth by $900 million

At US$420 per share, a deal would be worth US$72 billion (S$98 billion) overall. Should the funding disclosure turn out not to be true, it could be viewed as "misleading", he warned. He added: "The 16 percent premium to current share price may not be high enough to incentivize existing shareholders to support the sale". It appears that Musk is ho...

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  • Facebook denies seeking users' bank data
Facebook denies seeking users' bank data

In effect, these deals would give Messenger the ability to alert customers to fraudulent activity on their accounts or allow them to check their balances. Any data that was accessed by the company for such purposes was not used for advertising, it added. Google and Amazon have reportedly also sought similar arrangements, exchanging user data for th...

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  • Will Trump’s trade war precipitate a currency war?
Will Trump’s trade war precipitate a currency war?

The US tariffs now in place or threatened add up to nearly half of the value of goods it imported from China previous year. Representatives for the White House and the US Commerce Department did not immediately reply to a request for comment on China's retaliatory move.

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  • US Unemployment Drops Slightly; Job Growth Slows
US Unemployment Drops Slightly; Job Growth Slows

Despite many businesses' trouble finding qualified workers, they are still hiring and looking outside traditional pools for talent. Over the year, the industry has added 203,000 jobs. For July 2018, the unemployment rate for Americans who dropped out of college or who have associate degrees remained steady at 3.2 percent. With the USA unemploymen...

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  • China’s Unipec suspends imports of US oil amid…
China’s Unipec suspends imports of US oil amid…

The matter is awkward for Germany because the government is also committed to keeping alive the 2015 deal it, along with the United States and other world powers, signed with Iran which provides incentives in exchange for Tehran not pursuing a nuclear weapon.

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  • Interest rates: Bank of England expected to increase base rate
Interest rates: Bank of England expected to increase base rate

The Bank of England is expected to hike interest rates to their highest level for nearly a decade on Thursday. The one reason that may have prompted the RBI to hike interest rates is the core inflation, which has been on a upsurge. It is the second hike in two months and the second under Modi government . The pound made gains versus the eu...

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  • Elon Musk apologizes for behavior on infamous Tesla earnings call
Elon Musk apologizes for behavior on infamous Tesla earnings call

Founder Elon Musk said that by the end of August, the company will crank up Model 3 production to 6-thousand cars a week, and 10-thousand a week starting next year. Tesla said Wednesday that it had burnt less cash than expected during the second quarter and was nearing profitability, a long-doubted goal for the beleaguered automaker racing to boos...

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  • Angered At Pastor's Detention, U.S. Levels Sanctions Against Turkish Officials
Angered At Pastor's Detention, U.S. Levels Sanctions Against Turkish Officials

U.S. President Donald Trump has had several conversations about the matter with his Turkish counterpart, President Recep Tayyip Erdogan . State Department spokesperson Heather Nauert said the United States. A State Department official was unable to confirm any planned meeting between U.S. Secretary of State Mike Pompeo and Turkish Foreig...

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  • After $120B Stock Tumble, Facebook Investors Claim Fraud
After $120B Stock Tumble, Facebook Investors Claim Fraud

The complaint also aimed at the company's failure to report falling operating margins and the significant decline in active users. Facebook's decline significantly outpaced the $91 billion that Intel lost in September of 2000, during the original dot-com bust.

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  • Facebook just had the worst day in stock market history
Facebook just had the worst day in stock market history

He was listed Thursday as $81.9 billion poorer than Jeff Bezos , who still hold the top spot on that list. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion. "Our view is that the company is far from out of the woods", Brian Wieser of Pivotal Research said. Total revenue rose 42% to $13.2 billi...

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  • Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack
Saudi Arabia suspends oil exports through Red Sea lane after Houthi attack

Oil prices were driven higher for the third consecutive day on Thursday, after Saudi Arabia closed a strategic shipping lane in the Red Sea following an attack on two of its large oil-tankers by Iranian backed Houthi fighters. Saudi Arabia also has a pipeline route to the city of Yanbu on the Red Sea keeping Europe and North America well supp...

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  • SEC Rejects Winklevoss Brothers ETF, Says Bitcoin Isn’t Manipulation Resistant
SEC Rejects Winklevoss Brothers ETF, Says Bitcoin Isn’t Manipulation Resistant

Shortly after, Bats submitted a petition to review that decision , triggering another wave of comments - and expectation - about the agency's willingness to approve a cryptocurrency exchange-traded product. "Although the Commission is disapproving this proposed rule change, the Commission emphasizes that its disapproval does not rest on an evalu...

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  • California ticket wins $522 million Mega Millions jackpot
California ticket wins $522 million Mega Millions jackpot

Eight other winners in the July 24 drawing took home at least $1 million each, according to Mega Millions. The $1 million winning tickets from New Jersey were sold at the Winslow Citgo located on Route 73 in Camden County and the US Gas on Blairstown Road in Warren County.

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