• Cambridge Analytica CEO Allegedly Sent $8.2Mln to His Other Firm - Shareholders
Cambridge Analytica CEO Allegedly Sent $8.2Mln to His Other Firm - Shareholders

Cambridge Analytica data mining company has shut down amid a scandal over the personal information of about 50 million users it gathered from Facebook in order to allegedly influence some significant votes, including the 2016 US Presidential election and the Brexit referendum.

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  • Number of job openings in the USA exceeds number of job seekers
Number of job openings in the USA exceeds number of job seekers

It's the first time that's happened since the government began tracking job openings in 2000. The labor market is viewed as being either near or at full employment, with the jobless rate at an 18-year low of 3.8 percent. Despite a robust number of jobs being added to the economy, wage growth is still lower than what analysts had expected. That ...

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  • European Union to impose retaliatory tariffs on U.S. starting in July
European Union to impose retaliatory tariffs on U.S. starting in July

As a result, European Union producers now have to put up with a 25-percent tariff on steel exports and a tariff of 10 percent on aluminum shipments to the United States . "The EU's reaction is fully in line with worldwide trade law", Malmström said. "We regret that the United States left us with no other option than to safeguard European Union int...

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  • White House reportedly considering new economic penalties against Canada
White House reportedly considering new economic penalties against Canada

When Trudeau won power, the bedrock of his foreign policy was to return Canada to its traditional multilateral leanings - support for institutions such as the United Nations, NATO, the G7 and the worldwide trading order. "Canada's position is and always has been that the trilateral approach is actually better for Canada, Mexico and the United State...

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  • NTSB releases preliminary report on fatal Model X crash
NTSB releases preliminary report on fatal Model X crash

The aftermath of the Tesla Model X's fatal crash. The NTSB confirmed that in its preliminary report today. The report also notes that the vehicle was in AutoPilot mode for 18 minutes and 55 seconds ahead of the collision. In the final minute of his drive, Huang had his hands off the wheel for 34 total seconds, including the six seconds preced...

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  • Social Security must reduce benefits in 2034 if reforms aren't made
Social Security must reduce benefits in 2034 if reforms aren't made

He wrote, "If the government knows that there are no assets in the Social Security and Medicare 'trust funds, ' and yet projects the interest earned on those non-assets and the date on which those non-assets will be exhausted, then the government is lying".

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  • Rail crisis: Northern newspapers urge PM to ‘get a grip’
Rail crisis: Northern newspapers urge PM to ‘get a grip’

Britain's secretary of state for transport , Mr Chris Grayling , shed more light what has gone wrong in a statement to parliament on June 4: "On Northern, early analysis shows that the key issue was that Network Rail did not deliver infrastructure upgrades in time - in particular the Bolton electrification scheme - with damaging consequences".

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  • 'FAMILY QUARREL': U.S. economic adviser downplays trade dispute with Canada
'FAMILY QUARREL': U.S. economic adviser downplays trade dispute with Canada

The problem with that remark is that British troops were actually responsible for burning down the White House during the War of 1812 . Canada at the time was still a colony of the United Kingdom and gained independence after the war in 1867.

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  • Ethiopia to Implement Stalled Eritrea Peace Deal After 18 Years
Ethiopia to Implement Stalled Eritrea Peace Deal After 18 Years

It was referring to the state monopolies in the electricity, telecoms and logistics sectors, as well as the highly profitable national flag carrier. The Horn of Africa nation's highest governing body announced the decision on Eritrea on Tuesday, 18 years after the countries signed a peace accord in the Algerian capital to end a border war that to...

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  • Heinz plans to rename Salad Cream as 'sandwich cream'
Heinz plans to rename Salad Cream as 'sandwich cream'

The sauce maker has proposed calling it Sandwich Cream after research found only 14% of consumers actually use it on salads. But the news has caused consternation among some traditionalists, including those who rallied to save the brand a few years ago.

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  • Hudson's Bay to close Lord & Taylor's flagship NYC store
Hudson's Bay to close Lord & Taylor's flagship NYC store

The closures will occur through 2019, the company said Tuesday. A Hudson's Bay Co. store sign is shown at its Toronto flagship store on July 29, 2013. The department store chain's stock was down 1.7 percent at C$10.44 in afternoon trading, after sliding as much as 12.5 percent earlier. "But as I said before, everything's on the table in terms o...

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  • David Koch to retire from Koch Industries due to poor health: memo
David Koch to retire from Koch Industries due to poor health: memo

Known simply as the Koch Brothers, Charles and David have been the object of obsession across the political spectrum. He will continue to serve as the CEO of Koch Industries and the unofficial face of the network's political efforts. Powerful US billionaire brothers Charles and David Koch are funding a multi-million dollar campaign against Pr...

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  • ANZ, Citigroup, Deutsche Bank hit with criminal charges
ANZ, Citigroup, Deutsche Bank hit with criminal charges

ANZ Bank Treasurer Rick Moscati is on leave after criminal charges were filed against him and five other senior bank executives this week over allegations of cartel conduct. Deutsche Bank's former head of equity capital markets in Australia, Michael Richardson , has also been charged. ANZ's raising, which comprised the placement and a $500 mil...

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  • Burger King reopens after video of rodents on hamburger buns
Burger King reopens after video of rodents on hamburger buns

The video prompted an immediate investigation by United States health inspectors, who found rodent droppings on and inside hamburgers and rolls. The restaurant was also subject to a "reinspection" on Monday, at which time the operators needed to demonstrate that they addressed the lapses in 'food security issues'.

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  • ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban
ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban

Moreover, the U.S. Commerce Department is expected to count the $361 million ZTE paid past year as part of a settlement agreement, which will allow the government to claim no less than $1.7 billion in penalties. ZTE declined to comment. The visits would verify that ZTE is using US components as they have agreed. Since the decision came into for...

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  • ZTE Said to Have Signed Preliminary Agreement to Lift US Ban
ZTE Said to Have Signed Preliminary Agreement to Lift US Ban

However, last month, Trump tweeted that "too many jobs in China" were being lost because of the USA action and that he had instructed the Commerce Department to find a solution. Still, this latest chapter in the ongoing saga leaves key questions unanswered. "If the USA is truly going to make an example out of ZTE, the name itself is now toxic a...

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  • Bayer Plans Closing of Monsanto Acquisition on June 7
Bayer Plans Closing of Monsanto Acquisition on June 7

As part of the US Department of Justice's approval of the merger, Bayer also agreed to divest its business units that were in competition with Monsanto, as well as certain intellectual property and R&D projects that overlap with Monsanto's portfolio.

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  • Mexico’s revenge over Trump tariffs disrupting oil industry, U.S. energy CEO says
Mexico’s revenge over Trump tariffs disrupting oil industry, U.S. energy CEO says

The White House was burned by British troops in 1814 as part of a failed invasion of the mid-Atlantic, more than 50 years before the signing of Canada's confederation paved the way for the country to become independent. The topic led off debate Tuesday in the House of Commons, where Conservative Leader Andrew Scheer criticized the Liberals for ann...

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  • Monetary policy: RBI hikes repo rate by 25 basis points to 6.25%
Monetary policy: RBI hikes repo rate by 25 basis points to 6.25%

The six-member MPC, headed by RBI Governor Urjit Patel met in Mumbai for three days for the first time. Markets perked up on Wednesday, as value buying set in ahead of a decision on monetary policy by the Reserve Bank of India (RBI) where it is widely expected to keep benchmark interest rates on hold.

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  • Buffalo Wild Wings apologizes after Twitter account hacked
Buffalo Wild Wings apologizes after Twitter account hacked

A series of tweets were posted starting at 6:30 p.m. Friday and remained up for about 20 minutes. They also sent out a tweet apologizing for the "awful posts". Even though the tweets was deleted, Twitter was buzzing with conversations about the hack. "We're sorry that our fans had to see those bad posts, which obviously did not come from us", t...

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