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EU regulators fine Google record $5 billion in Android case

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After all, Google a year ago made $5 billion every 16 days so it can do it again. European Competition Commissioner Margrethe Vestager said Google used Android as a vehicle to cement the dominance of its search engine. Google chief executive Sundar Pichai said the Commission had overlooked the level of choice Android offered people. "A vibrant ecosystem, rapid innovation and lower prices are classic hallmarks of robust competition". Read More »

Netflix shares tank after big miss on subscriber growth

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Profit was one area that beat predictions, reaching 85 cents per share, above analysts' expectations of 79 cents. With all this, the stock is tanking. "We had a strong but not stellar Q2, ending with 130 million memberships ", Netflix said in a letter to shareholders. Netflix predicted it will add 5 million subscribers in the current quarter, which ends in September, slightly slower than the pace a year ago. Read More »

After Alaska closings, just 1 Blockbuster left in US

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He said residents were sad when they heard the news, with many people reminiscing about Blockbuster - a once familiar sight on both sides of the Atlantic. For years now in Alaska, announcements have cropped up every few months that another Blockbuster will shut its doors. For the past few years, Alaska remained the only state in the US where the video rental company still had a strong presence. Read More »

Papa John’s starts pulling founder’s image from marketing

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Over the last 24 hours our community has been fractured by the comments made by former UofL trustee John Schnatter . Schnatter is Papa John's brand. "Regardless of the context, you just can't use that vocabulary". Other fallout continued Friday. Schnatter has also stepped down as the company's board chairman after apologizing for the comment earlier this week. Read More »

US May List Tariffs On $200 Billion More Chinese Products

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The consultation process for the new list will probably last about two months, including public hearings to take place from August 20 to 23, two senior administration officials said Tuesday on a conference call with reporters. David Cohen, a political scientist at the University of Akron, said the pressure on Mr. Trump will mount as the economic pain spreads from affected companies to be more widely felt by consumers. Read More »

USA job growth strong; unemployment rate rises to 4 percent

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U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labour market is still absorbing spare capacity. "Job growth occurred in professional and business services, manufacturing, and health care, while retail trade lost jobs", reports the Labor Department in a written statement. Read More »

Dwight Howard Wants To Come Back To The Lakers & Play Alongside LeBron

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Within three hours of going on sale, James' Lakers jersey - which goes for about $220 - saw a 600 percent jump compared to when he returned to Cleveland for the second time in July 2014. Before Sunday's announcement regarding James, George had agreed to a multi-year contract with the Thunder and the likelihood of the Lakers landing Leonard in a trade from the Spurs appeared to be dwindling. Read More »

Saudi Arabia not confirming Trump's 2M barrels

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The Saudi Press Agency said Trump had called Salman and the two highlighted "the necessity of doing efforts to preserve the stability of the oil market and the global economy growth". "He has agreed!" President Trump tweeted. After the US State Department on Tuesday urged allies and companies to stop buying crude oil from Iran by 4 November, global benchmark Brent crude gained 6.5 per cent and American benchmark West Texas Intermediate jumped 9.3 per cent between Tuesday and Friday. Read More »

India Preparing for Cut in Oil Imports From Iran

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Nobkhat revealed that his government is creating an emergency budget which will be discussed by parliament along with the public budget. India's Oil Ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said . Read More »

US stocks slide on escalating US-China trade tension

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Katainen said Europe was not siding with Beijing in its dispute with Trump but was taking action to protect the global system of regulating free trade . As if to reinforce concerns about the economic outlook, the Dutch Bureau for Economic Policy Analysis on Monday published its latest trade monitor, showing world trade momentum dropped in April to the lowest since 2015. Read More »

Harley, stung by tariffs, shifts some production overseas

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The maker of the iconic American motorcycle said in a regulatory filing Monday that European Union tariffs on its motorcycles exported from the US jumped between 6 percent and 31 percent, which translates into an additional, incremental cost of about $2,200 per average motorcycle exported from the U.S.to the EU. Read More »

IN officials react to Supreme Court's online sales tax decision

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Sales tax collection in Florida already has been evolving. The 5-4 court opinion finally recognizes the impact of the internet and acknowledges commerce has changed since the court ruled in the 1960s and early 1990s that businesses had to have a physical presence in the state before the state could require them to collect state and local sales taxes. Read More »

States can now force you to pay online sales tax

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This overturns a decision from 1992 that mandated that states could levy taxes on businesses only if they had a brick-and-mortar presence within that state's borders. "I've been seeing a lot of Chicken Little 'the sky is falling, the sky is falling, '" says Sueanne Shirzay, who operates a shop on Etsy and her personal website selling handmade jewelry. Read More »

Trump and His Gulf Friends Win Big in OPEC Deal

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USA stocks are closing higher Friday as oil prices and energy companies rallied. "It would not make sense if we allocated production to a country that can not produce it, so we avoided having allocations from that perspective", he said. But there was not almost enough clarity for markets as to how many more barrels would be released and where they would come from, with Brent crude surging 3 percent after the announcement leaked out. Read More »

European Union tariffs target United States goods from motorbikes to jeans

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Malmström added that if the USA removes its tariffs, the European taxes would also be lifted. The European Commission formally adopted a law putting in place the duties on €2.8 billion (S$4.4 billion) worth of USA goods, including steel and aluminium products, farm produce such as sweetcorn and peanuts, bourbon, jeans and motorcycles. Read More »

Oil falls on US-China trade dispute

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Meanwhile, Nigeria's Bonny Light crude oil has maintain an global price of $73.44 per barrel, higher than the Organisation of the Petroleum Exporting Countries ( OPEC ) basket price of $73.35 per barrel. India's engagement with OPEC is important as India sources about 82% of crude oil, 75% of natural gas and 97% of LPG from OPEC member countries.During the visit Pradhan will deliver a key note speech on "Sustainable Global Energy Future". Read More »

Oil prices drop on prospect of rising supplies Oil&Gas 09:40

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Even if the supply gap, triggered by the return of United States sanctions on Iran and a major political crisis in Venezuela, is plugged, the oil market will likely remain vulnerable to disruption next year, the IEA warned. US light crude was 15 cents lower at $66.21. Production fell in Nigeria, Libya and Venezuela, but increased in Saudi Arabia, Algeria and Iraq. India has discussed with China the possibility of forming an "oil buyers club" that can negotiate better terms with oil ... Read More »

Asian equities show nerves ahead of US’s Chinese tariffs list

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The euro was 0.35 percent higher at $1.1608. The European Central Bank is meeting to discuss when and how to end its bond-buying stimulus program, an exit that will have far-reaching consequences across the economy. In the medium term; investors now hold the USA economy in very high regard, and given claims that the central bank is aiming for 2 more rate rises this year, we could see the "Greenback" climb in the coming months. Read More »

Trump says USA to stop war games with S. Korea

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Throughout the summit that could chart the course for historic peace or raise the specter of a growing nuclear threat, both leaders expressed optimism. The exercises are held several times each year, focusing on everything from warding off a North Korean attack on its neighbor to the south to "decapitation" strikes aimed at killing key members of the Kim regime. Read More »

Ghanaian President Akufo-Addo dissolves country’s FA

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Youth and Sports Minister Isaac Asiamah told KweséESPN that the dissolution means all football activity is on hold in the country. The under coveer journalists also busted 77 Ghanaian referees and 14 Ghana Football Association (GFA ) officials allegedly engaging in acts of corruption. Read More »

Pres. Trump Heads to Singapore Summit With NK

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BEIJING-Singapore's foreign minister says it's "all systems go" for a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un to be held in the Southeast Asian city-state next week. "That's a flawless deal for North Korea". The young leader has been swept to centre stage by two new props: his unprecedented nuclear capability and an unconventional U.S. Read More »

Tech stocks gain as USA confirms ZTE deal

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According to the Commerce Department, ZTE will be required to pay a $1 billion fine, is replacing its management, and will submit to oversight from the U.S. Carlos Gutierrez, who was Commerce Secretary under President George W. Bush, said the change in the USA penalty likely averted a worsening in relations with China. Read More »

China criticizes 'protectionism' after U.S. steel tariff hike

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Neither country has implemented the tariffs yet and continued discussions to find a way out of the impasse. After a lull in tensions following China's May 19 pledge, the White House renewed its threat last week. The U.S. government has said a team of commerce, treasury and agriculture officials were in Beijing to make preparations. The purchases are meant to reduce America's massive trade deficit in goods and services with China, which a year ago came to $337 billion, according to the U.S. Read More »

Kasich calls on Trump to condemn Roseanne's tweets

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When asked if he might get his own show, he said , "You've heard more than I have". Trump tweeted Wednesday morning. Trump targeted Robert Iger on Twitter, saying: "Iger, where is my call of apology?" "You and ABC have offended millions of people , and they demand a response". Read More »

Vermont will pay you up to $10000 to move there, work remotely

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The money will be available on a first-come, first-served basis. But maybe you need a little extra incentive to make the switch and try to convince your boss to let you work from home . In return, the state is hoping to get a much-needed boost to its economy. Under the terms of the bill, a new remote worker is eligible for this grant if their expenses do not exceed $5,000 per year. Read More »

Trump criticizes Canada's lumber sector after imposing steel, aluminum tariffs

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The initial tariffs were announced in March after President said that the United States had been unfairly treated in trade with its neighboring and oversees partners. "The EU is a peace project, including on trade", she said, pointing to the numerous trade agreements the EU is signing. "China is a responsible nation in global interactions, we always honour our words but we expect our partners to also keep their words", he said. Read More »

Visa card network crashes across UK, Europe

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Some Visa transactions are not being processed due to a service disruption, the company has said. Right now, it seems like these problems are localized to the UK, Ireland and parts of Europe. AIB said it is aware of intermittent issues with AIB cards and is working to resolve the matter. Sandra Foy, who owns a bookshop in Manchester, northwest England, told Sky News television: "I run a small business and the loss of any business is a big deal for us". Read More »

EA Sports ran Federation Internationale de Football Association 18 World Cup simulation

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Footballers will play better in-game when matched with teammates from the same nation, forcing players to get creative to make sure their team is as strong as possible. They also notch up regular assists which makes them a risky pair for the opponents. Al Ittihad beat Al Faisaly in the King's Cup final, winning after extra-time a game refereed by former Premier League official Mark Clattenburg. Read More »

National Doughnut Day Is Friday: Here's Where to Get a Free One

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Burger King is cutting a hole out of its whopper and calling it a "flame-grilled donut". To get the deal, sign up or download the Android or iPhone app. Tasty Donuts will be offering free doughnuts to the first 500 customers on National Donut Day. As always, the deals are good at participating locations only and it's recommended you check with your location first. Read More »

USA imposing steel and aluminium tariffs on Canada

The Mexican measures, which target pork legs, apples, grapes and cheeses as well as steel, could hit farm states that are a bastion of support for U.S. "Throughout these talks, the USA has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU", Malmstrom continued in a statement. Read More »

Tesla on autopilot crashes into parked police SUV in Laguna Beach

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The collision happened at 11:07AM local time, Laguna Beach PD told the LA Times . The parked cruiser was unoccupied, the officer standing about 100 feet away off Laguna Canyon Road as he responded to a call. It also insists the accidents are primarily the result of human error, not the autopilot feature itself. The driver was traveling at 60 miles (97 km) per hour when the Model S smashed into a fire truck stopped at a red light, according to police. Read More »

New privacy law forces some US media offline in Europe

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Second, PR. The world can now see exactly how careful countries are required to be when it comes to handling the personal data of European Union citizens. The company should explain to you the nature of the personal data breach and who to contact. "Strong data protection rules are the basis for a functioning Digital Single Market and for the online economy to prosper", he added. Read More »

Donald Trump to Naval Academy Graduates: 'America Is Back'

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Both the NYT and the Associated Press also picked up on Trump's dubious math in this statement: "We have now the lowest number of ships that we've had since World War I, and very soon you're going to get to 355 attractive ships. He told graduates that "we have begun the great rebuilding of the USA military". The president also touted his administration's work in securing $700 billionfor our nation's "war fighters", and said we will have the strongest military ever. Read More »

U.S. must counter Iran nuclear move

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Before arriving in Beijing, Zarif published a government statement on his Twitter page, slamming the "extremist administration" of US President Donald Trump for abandoning "an accord recognised as a victory of diplomacy by the worldwide community". Read More »

Suspect in Massive CIA Leak Identified

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A NY prosecutor is expecting a grand jury to act within weeks against a former Central Intelligence Agency employee who is jailed on child pornography charges but may face further charges in a massive leak of cyber hacking tools . Lawyers for Schulte say dozens of people has access to the server he started in 2009. He said that the investigation was continuing, and that it involved in part how Tor, software that allows anonymous communication on the internet, "was used in transmitting ... Read More »