• Alibaba co-founder Jack Ma to retire
Alibaba co-founder Jack Ma to retire

Ma has remained the public face of Alibaba, showing off his wit and dispensing folksy wisdom on the global stage. "Globalisation is one of our key strategies for Alibaba". So I said in my next life, if I still can have a next life, I will never do a business like this. Ma described Zhang as having " superb talent, business acumen and determined...

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  • More trouble for Tesla after executives resign
More trouble for Tesla after executives resign

They did the kind of things you'd expect people to do on Joe Rogan's podcast: they talked about the cosmos, the rise of AI, samurai swords, and drugs. Rogan found Musk's response dubious. He said: I think the future in where we are a space-faring civilisation out there among the stars, that is very exciting.

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  • Trump ups ante on China, threatens duties on almost all its imports
Trump ups ante on China, threatens duties on almost all its imports

He pointed out that 23 per cent of the impending tariffs on US$200 billion of Chinese imports targeted consumer products. While no one predicted a sudden, sharp blow from USA tariffs, China's official export data has been surprisingly resilient so far, with growth exceeding analysts' expectations for five months in a row.

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  • Leslie Moonves in settlement talks with CBS board
Leslie Moonves in settlement talks with CBS board

The board has offered a roughly $100 million exit package, CNBC reported earlier on Thursday, citing people familiar with the negotiations. Under his contract, he is entitled to up to $180 million in severance. The US television giant has been the focus of an ongoing legal battle between the Redstone family and the board, chaired by Moonves. FI...

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  • Another $267B China tariffs ready to go after $200 already announced
Another $267B China tariffs ready to go after $200 already announced

Over the first eight months of the year, China's surplus with its largest export market has risen almost 15 percent, adding to tensions in the trade relationship between the world's two largest economies . He added that he's ready to place yet another round of tariffs on $267 billion in Chinese goods after that - bringing the total imports from ...

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  • Trump, escalating trade war, threatens tariffs on all goods from China
Trump, escalating trade war, threatens tariffs on all goods from China

The Trump administration hopes to curtail the theft of USA technology and intellectual property by Beijing, which Navarro says is the catalyst behind China's economic growth. In Beijing, China's Commerce Ministry said Thursday it was ready to retaliate. The U.S. Trade Representative's office received almost 6,000 comments during the public commen...

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  • Petrol, diesel prices reach new high on Friday
Petrol, diesel prices reach new high on Friday

Retail prices of petrol and diesel breached record levels on Friday with Oil Marketing Companies raising rates by 48 paise per litre and 52 paise per litre for the two automobile fuels in the national capital. The Centre now levies a total of Rs. 19.48 per litre of excise duty on petrol and Rs. 15.33 per litre on diesel. In Mumbai, petrol was sold ...

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  • Goldman CFO Denies Reports That Firm Is Ditching Crypto Trading Desk
Goldman CFO Denies Reports That Firm Is Ditching Crypto Trading Desk

For instance, one of the reasons behind the drops in both EOS and assorted altcoins could be the recent announcement by way of Wall Street giant Goldman Sachs . The same sort of situation is playing out with Goldman Sachs and cryptocurrencies. It would have allowed enterprises and institutional investors to enter the market.

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  • Mexico economy minister eyes U.S.-Canada deal by Friday
Mexico economy minister eyes U.S.-Canada deal by Friday

Trade Representative Robert Lighthizer in Washington after a series of back-to-back meetings last week failed to yield an agreement. Speaking to dozens of supporters at a posh banquet hall, he said he believes his party won the 2015 election by putting out a message of positivity.

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  • South Africa’s economy enters recession
South Africa’s economy enters recession

You invite six guests for supper and accordingly prepare six meals, in other words you match supply with demand. My view is reflected in final sales, their view in gross domestic product (GDP) data. This latest development might also be another litmus test for the President after the unemployment rate in the country rose to 27.2 percent in the se...

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  • The EQC - The First Ever All-Electric Car from Mercedes-Benz
The EQC - The First Ever All-Electric Car from Mercedes-Benz

The first Mercedes-Benz product from Daimler's new EQ sub-brand for electrified cars has been revealed in the form of the EQC . Interestingly, Mercedes says the two electric motors are configured differently: the arrangement up front is "optimised" for efficiency in the low- to medium-load range, while the rear motor "determines dynamism".

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  • FDA tweets: Seriously, get rid of Kellogg’s Honey Smacks
FDA tweets: Seriously, get rid of Kellogg’s Honey Smacks

Kellogg's recalled Honey Smacks in June and the cereal was pulled from local stores this summer, but the cereal still may be on store shelves in certain locations nationwide. Interviews with ill people allowed health partners to identify Kellogg's Honey Smacks cereal as a possible source of the illnesses. It is not clear how such vast quanti...

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  • Elon Musk Renews Attacks on British Diver, Calls Him a ‘Child Rapist’
Elon Musk Renews Attacks on British Diver, Calls Him a ‘Child Rapist’

Musk's attacks began after Unsworth, who was instrumental in the rescue of the Wild Boars soccer team that spent nine days inside the Tham Luang cave complex after floodwaters blocked their exit, questioned the utility of the billionaire tech mogul's unsolicited contribution to the effort.

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  • JD.com Founder Richard Liu Has Been Accused of Rape, Report Says
JD.com Founder Richard Liu Has Been Accused of Rape, Report Says

In a statement Sunday, JD.com said Liu was falsely accused while in the US on a business trip, and that police investigators found no misconduct. Minnesota law defines five degrees of criminal sexual misconduct, ranging from a gross misdemeanor to felonies, covering a broad array of conduct ranging from nonconsensual touching to violent assaults ...

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  • Toyota recalls more than 1M Prius hybrids worldwide due to fire risk
Toyota recalls more than 1M Prius hybrids worldwide due to fire risk

A recall in the United Kingdom is expected to follow as there are a total of 209,000 European models potentially affected. About 1.03 million vehicles built between June 2015 and May 2018 will be recalled for safety checks, the Toyota said.

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  • Amazon.in now available in Hindi
Amazon.in now available in Hindi

Reports said Amazon launched a new category of Alexa skills on August 14 that would enable customers to help the popular voice assistant learn Hindi and other Indian languages . To use the service in Hindi, users will have to change the language under the settings menu. The platform has availed a certain set of popular products, with its cont...

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  • Student poster prank in Texas McDonald's goes unnoticed for nearly two months
Student poster prank in Texas McDonald's goes unnoticed for nearly two months

Maravilla and his friend Christian Toledo cooked up a plan. The two said they eat at the McDonald's at 2803 Business Center Drive often. With the help of some friends, they put the poster up on a wall at the restaurant without anyone noticing.

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  • Oil prices rise, and Barclays sharply revises its forecasts
Oil prices rise, and Barclays sharply revises its forecasts

The Iranian currency hit a new low against the USA dollar as the country's economy continues to weaken amid fears that the re-imposition of sanctions by the United States would stifle the oil exports from the country. Stephen Innes , head of trading for Asia-Pacific at brokerage OANDA , said Brent was "supported by the notion that US sanctions...

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  • Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA
Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

She was endorsed by fellow congressional upstart Alexandria Ocasio-Cortez, who knocked off veteran Rep. Joe Crowley of NY in June . Pressley, the first African-American woman elected to the Boston City Council in 2009 was considered by many to be an outsider candidate, drawing comparisons to Alexandria Ocasio-Cortez, the young democratic s...

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  • Amazon becomes second U.S. company to be worth US$1 trillion
Amazon becomes second U.S. company to be worth US$1 trillion

In context: Amazon temporarily hit a total market capitalization of $1 trillion today, after its stock prices shot past the the $2,050.27 valuation necessary to reach this milestone. Amazon's astronomical growth from a small Seattle bookseller into one of the world's biggest companies has made its founder and chief executive, Jeff Bezos, easily th...

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