• Donald Trump Cancels Pay Raises For Federal Employees
Donald Trump Cancels Pay Raises For Federal Employees

The federal budget deficit has grown 16 percent this fiscal year, the result of a combination of Trump-supported tax cuts and military spending, as well as increases in mandatory spending programs like Social Security, Medicare and Medicaid.

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  • Argentina Hikes Interest Rate to 60 percent as Peso Crashes
Argentina Hikes Interest Rate to 60 percent as Peso Crashes

Al Jazeera's Paul Chaderjian reports. People walk by the Central Bank in Buenos Aires' financial district, Argentina August 30, 2018. Argentina was forced to strike a deal with the International Monetary Fund earlier this year after a sharp depreciation of its currency and a run on the peso.

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  • Ford Scraps Plan to Import China-Built Small Car Due to Tariffs
Ford Scraps Plan to Import China-Built Small Car Due to Tariffs

Pulling the plug on the Focus Active won't be hugely significant to Ford's business in its home market, where it sells more than 2.5 million vehicles a year. The remainder of its deliveries are primarily comprised of two models imported from India and Spain: the EcoSport crossover and the Transit Connect van.

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  • GDP growth accelerates in Q1; highest in over two years
GDP growth accelerates in Q1; highest in over two years

India's annual economic growth surged to a more than two-year high of 8.2 per cent in the three months through June , powered by a strong performance of manufacturing and consumer spending. Quarterly growth fell as low as 5.6 percent in mid-2017 as the economy reeled from a shock cash ban that scrapped 86 per cent of currency notes. Strong accele...

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  • Canadians under pressure to sign new free trade pact
Canadians under pressure to sign new free trade pact

It was her first in-person NAFTA meeting with Lighthizer since the spring. And I think that we're going to look closely at some of the other things that have been agreed to between the USA and Mexico and see just whether or not they can be made to work in the Canadian context.

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  • Trump threatens U.S. withdrawal from WTO
Trump threatens U.S. withdrawal from WTO

Trump made the comments in an interview with Bloomberg News on Thursday. Trump said on Thursday that he could pull out of the WTO, potentially undermining one of the foundations of the modern global economy, which the United States was instrumental in creating.

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  • United States will sign trade deal with Mexico, continue Canada talks
United States will sign trade deal with Mexico, continue Canada talks

With just hours left on Washington's deadline of revamping Nafta by the end of the week, the U.S. and Canada met again on Friday morning. Canada and the United States will not reach a trade deal by President Donald Trump's deadline of Friday, Canadian officials and USA officials said on Friday afternoon.

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  • Rupee slumps 26 paise to close at historic low of 71 level
Rupee slumps 26 paise to close at historic low of 71 level

Apart from high crude oil, outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee. . At the Interbank Foreign Exchange (Forex) market, the local currency opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previous close of 70.74.

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  • India economy accelerates as rupee declines
India economy accelerates as rupee declines

That's a big jump from the 7.7% it delivered in the previous quarter , and widens India's growth gap over other major economies, including regional rival China . Jaitley also said that India has the potential to be among the top three economies in the world in 10-20 years. The agriculture sector grew 5.3 percent, from 3 percent in the same ...

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  • 007 carmaker Aston Martin gears up for London stock market float
007 carmaker Aston Martin gears up for London stock market float

British luxury carmaker Aston Martin , best known as James Bond's auto brand of choice in 12 of the 26 007 movies, is filing an IPO on the London Stock Exchange in an attempt to kickstart a turnaround for the financially troubled company and raise fresh capital for ambitious future endeavors, like flying cars and personal submarines.

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  • Coca Cola buys Costa Coffee for £3.9 billion
Coca Cola buys Costa Coffee for £3.9 billion

The coffee shop to hotels group said earlier this year that it would split Costa and list it as a separate entity, following pressure from activist investor Elliott. "Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand". "The announcement today represents a substantial premium to t...

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  • Warren Buffett's firm makes an unlisted Indian entry
Warren Buffett's firm makes an unlisted Indian entry

One97 declined to comment while Omaha, Nebraska-based Berkshire Hathaway didn't immediately respond to a request for comment outside US business hours. Berkshire's investment in Paytm is a vote of confidence for the Indian payments company as it is a conservative investor in comparison to the likes of Alibaba - which together with its payment div...

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  • Trump cancels pay raises for federal employees
Trump cancels pay raises for federal employees

Employees who also get a percentage added on based on their location will not see an average 26 percent increase to their locality pay in the new year, which would have cost the federal government an estimated $25 billion. While the president has railed against the Washington "swamp", less than 20 percent of the nation's almost 2 million civilian f...

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  • Ontario driver arrested for 100-foot jump in Tesla Model S
Ontario driver arrested for 100-foot jump in Tesla Model S

This is the startling moment a Tesla vehicle loses control and becomes airborne before crashing into an elementary public school in Ontario, Canada . After the crash, the four-door Model S was completely demolished. The vehicle crashed into the parking lot of a public school, and the driver and a passenger both suffered minor injuries, accordin...

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  • Federal court ruling leaves Trans Mountain pipeline expansion in doubt
Federal court ruling leaves Trans Mountain pipeline expansion in doubt

An executive summary of the ruling was written by Justice Eleanor Dawson and released on Thursday morning, revealing that the National Energy Board's assessment of the project was extremely flawed and too unreliable to base the federal cabinet's approval for the project in 2016.

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  • Facebook Watch video service is going worldwide
Facebook Watch video service is going worldwide

Facebook Watch launched in the USA a year ago , as a "Platform For Shows On Facebook ". Facebook Watch will now be available globally, the company said a press statement. You can subscribe to creators you like, with videos from them showing up in your Watchlist at the top of your Watch feed. Pages within the designated countries that have...

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  • Vodafone, TPG propose 'merger of equals'
Vodafone, TPG propose 'merger of equals'

Last week the pair acknowledged that they had been engaged in "exploratory discussions" about a potential merger. TPG also noted that their Singaporean mobile business would be split off to its existing shareholders "by way of an in-specie distribution".

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  • Nigeria’s GDP contracts as oil production slumps
Nigeria’s GDP contracts as oil production slumps

The Minister said that he was happy to see that the Nigerian economy has continued to register positive growth in the first and second quarters of the year in spite of the security and other challenges it faces. "Indeed, we are now undertaking a mid-term review of the Plan to assess progress, see where we are, and identify those things that we may ...

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  • Elon Musk Revives Thailand Diver
Elon Musk Revives Thailand Diver "Pedo" Controversy With New Tweets

Musk said that he had "spoken in anger" after Unsworth accused him and SpaceX engineers of orchestrating a " PR stunt " by sending a small submarine to help divers rescue the 12 Thai soccer players and their coach from a flooded cave. Unsworth, who had spent six years exploring the Tham Luang cave system where the boys were trapped, said: "It just ...

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  • Immigration: Macron happy to be enemy number one for Orban and Salvini
Immigration: Macron happy to be enemy number one for Orban and Salvini

Both criticised French President Emmanuel Macron . "And here we are, the ones who want to stop illegal migration ". In Hungary, Mr Orban has introduced legislation cracking down on foreign-backed organisations aiding migrants and refugees passing through the country.

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