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What’s behind Google’s $5 billion fine from the EU

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Google has a market share of more than 90 per cent for general internet search, licensed smart mobile operating systems and app stores for Android software, the European Union said in 2016. Blumenthal previously called on regulators to investigate how Google tracks users of Android phones. "A vibrant ecosystem, rapid innovation and lower prices are classic hallmarks of robust competition". Read More »

Elon Musk Offers To Help Thai Officials Rescue Trapped Soccer Team

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Though rescuers found the group after nine days and they have received food, blankets and medical attention, it is still a risky dive and scramble through four kilometres of tunnels where they are trapped in - as they can not swim or dive. Some farmers also flooded their fields with water so that some water could be pumped out of the cave. "Prob need to enter tube, zip up & then transit". Read More »

China warns of 'counterattack' as U.S. tariffs take effect

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Asia is bracing for the opening salvo in a tit-for-tat trade battle, with the USA imposing 25 percent tariffs on $US34b ($NZ50b) of Chinese goods today. "If I was Starbucks or Apple", he said, "I would be scared right now". The Trump administration accuses China of building its emerging industrial dominance by "stealing the crown jewels" of American technological know-how through cyber-theft, forced transfers of intellectual property, state-sponsored corporate acquisitions and other ... Read More »

Amazon announces Prime Day 2018 with more than one million deals

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When is Amazon Prime Day? Going through the entire sale can be a frustrating task, but we'll help you out with that. From Monday, July 16, shoppers will have access to more than one million deals worldwide. "This ties into the thread of a global celebration", said Akshay Sahi, director of Prime and delivery experience in Amazon India . You can also access your smart home cameras, photos, weather forecasts, and more. Read More »

LeBron James: Basketball star agrees to join Los Angeles Lakers

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Then, there were reports that the Houston Rockets wanted to acquire the 14-time All-Star. But it's the mystique of the LeBron James brand that's suddenly skyrocketed L.A. In a short statement, he said on Instagram: "Thank you Northeast Ohio for an incredible four seasons". "This will always be home". The Lakers deal, which reportedly includes a player option for the fourth year, will give the young team the ability to grow gradually as the storied franchise attempts to assemble a squad ... Read More »

LeBron James leaves Cleveland Cavaliers for Los Angeles Lakers

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Gilbert began the note by affectionately looking back at the moment when his franchise had reached the summit of the National Basketball Association two years ago. He had a non-guaranteed $1.5 million deal for the upcoming season with a $1.6 million team option for 2019-20. Here are some more tweets about the latest on possible Leonard trades. Read More »

Tesla Production Hits 7K Cars a Week

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Sure enough, the goal was reached in time , but Elon Musk also confirmed via Twitter that Tesla produced 7,000 cars last week. The high number of customer vehicles in transit for Model 3 was primarily due to a significant increase in production towards the end of the quarter. Read More »

Moog warns that Trump trade tariffs pose a threat to its business

The European Commission reportedly sent a letter to the United States threatening to hit $US300 billion of American goods with tariffs. The European Union today slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in USA goods amid signs of a brewing trade war. Read More »

A final good-bye: Toys R Us closes its doors forever

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Employees at the Boynton Beach, Florida, store made their frustrations known by hanging signs around the store and protesting outside, WPTV reported . The toy store opened its doors 70 years ago. The Center for Popular Democracy and the Organization United for Respect point to Securities and Exchange filings in noting that Toys "R" Us paid $91 million in severance between 2008 to 2016 while being run by the private-equity firms, which took control of the retailer in a leveraged buyout in ... Read More »

Russia-Saudi oil cooperation to bring stability to markets: RDIF's Dmitriev

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Brent crude futures fell 82 cents, or 1.1 percent, to settle at $74.73 a barrel. "The expectation that we'll see more crude out of OPEC and that supplies in the USA will be tight because of the Syncrude outage... Since then, the cartel has in fact managed to overshoot its production cut target following unexpected outages in countries such as Venezuela and Libya, contributing to the steep rise in oil prices . Read More »

SD may see lower rate after sales tax ruling

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With the larger sites having to pay sales taxes, smaller businesses have a bit more of an even playing field, especially if they have tech-savvy local marketing ads on Google and content-rich sites that attract prospective customers. Ed Teisanu, a 39-year-old sales manager in Minnesota, doesn't think a new tax will change his buying habits, which is a mix of in-store and online. Read More »

SCOTUS rules states can collect taxes from online shopping transactions

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However, consumers have the option to shop online, pay no sales tax, and get the item cheaper which is not fair to local stores, Deskins said. A new law that goes into effect in January says companies that do at least $250,000 in online business or have at least 200 separate sales purchases must pay sales tax to the state. Read More »

OPEC meets Russian Federation and allies to agree oil output boost

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The expectations of higher prices are encouraging news for U.S. shale drillers, who are envisioning a greater number of oil rigs to be commissioned in the second half of the year. Earlier this week, Indian Petroleum Minister Dharmendra Pradhan urged the OPEC to move to responsible pricing of oil and gas, saying the current prices are posing a threat to fragile world economic growth. Read More »

China: ‘Capricious’ trade policies will hurt USA workers

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The tariffs, mostly 25 percent, are designed in part to "make noise" by targeting politically important states like Kentucky, Florida, and Wisconsin, EU trade commissioner Cecilia Malmstrom said . Late last month, Mr Trump proceeded to infuriate United States allies - from the European Union to Canada and Mexico by imposing tariffs of 25 per cent on imported steel and 10 per cent on aluminium. Read More »

Trump, Iran spar over oil prices ahead of OPEC meeting

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While economic growth is projected to be strong in the US, Europe and Japan, there is a chance of a slowdown in China and India, OPEC said . Official U.S. "The market will be finely balanced next year, and vulnerable to prices rising higher in the event of further disruption", the IEA said in its monthly report. Read More »

Dollar slips versus yen as China trade tensions weigh

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The yen was 0.2 per cent weaker at ¥110.56 per dollar. The euro's drop pulled the dollar higher with the index up 0.1 per cent on the day at 93.81. US stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world. Read More »

Whole Foods offering Hawaii customers Prime discount starting Wednesday

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Amazon and Whole Foods on Tuesday said that two-hour food delivery for Prime members is now available in Baltimore, Boston, Philadelphia and Richmond. The discounts include $2-per-pound savings on organic yellow nectarines and peaches; buy one, get one free purchases of Annie's Natural Macaroni & Cheese; and $3-per-pound savings on made-in-house pork sausage, with no antibiotics. Read More »

Judge approves $85 billion AT&T-Time Warner deal

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It's already purchased satellite TV provider DirecTV for almost $49 billion. For its part, AT&T was cheering the decision. A ruling for AT&T and Time Warner would not only give the green light for the merger , but it could unleash a flurry of other deals. Read More »

Pizza company asking for town nominations for pot hole repairs

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Domino's Pizza , a chain known for its delivery prowess, is aiming to save pizza, one pothole at a time, thanks to a new initiative called 'Paving for Pizza '. And it's supposedly fixed a number of potholes in towns across the United States-including Burbank, California; Milford, Delaware; and Athens, Georgia. Read More »

IHOb: International House of Burgers

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The Classic with Bacon: Only bacon can improve on an American classic, which is made with hickory-smoked bacon, melting American cheese, lettuce, tomato, red onion, pickles and the brand's burger sauce. Twitter users also shared images of the signage changing at locations around the country to "IHOb ". Others pegged the "burgers" gimmick in advance as well. Read More »

Trump Admits 'Unknown Territory' Awaits in Kim Summit

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While Singapore has authoritarian leanings, it is still a thriving bastion of capitalism and wealth, and Kim will be performing his high-stakes diplomatic tight-rope walk in front of 3,000 global journalists, including a huge contingent from the ultra-aggressive South Korean press - sometimes referred to by Pyongyang as "reptile media" - two of whom were arrested by Singapore police investigating a report of trespassing at the residence of the North Korean ambassador. Read More »