Money

Bitcoin price drops after hackers steal £24m from South Korean exchange Bithumb

Bitcoin price drops after hackers steal £24m from South Korean exchange Bithumb

The Bithumb theft again highlighted the security risks and the weak regulation of global cryptocurrency markets. In Ho, a professor at Korea University's Blockchain Research Institute, said the st...

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Stocks open sharply lower on trade tiff

Stocks open sharply lower on trade tiff

The Dax is off a further 1.5% today extending 1.3% loss from the previous session, with large exporters dominating the lower reaches. The dollar , yen and Swiss franc rose on Tuesday as traders p...

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Trump lashes out at Canada over trade

Trump lashes out at Canada over trade

Canadians do not pay duties on US -made goods when they bring them back to Canada; they merely pay the harmonized sales tax or goods and services tax. And it has launched an investigation into whethe...

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China blasts new USA tariff threat as 'blackmail'

The Chinese Commerce Ministry , in a statement translated for POLITICO, blasted the action as an example "of extreme pressure and blackmail" by the Trump administration that flouts global norms f...

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Elon Musk says Tesla factory was sabotaged by disgruntled employee

Elon Musk says Tesla factory was sabotaged by disgruntled employee

His stated motivation is that he wanted a promotion that he did not receive. Musk said in the email, which was seen by Reuters , that he had learned of this alleged behaviour at the weekend. The pr...

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China blasts Trump's new tariff threat as 'blackmail'

China blasts Trump's new tariff threat as 'blackmail'

Trump's latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the USA would be exposed to tariff threats and raises new questions about the impact on American ...

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…ICICI board asks Kochhar to remain on leave

…ICICI board asks Kochhar to remain on leave

Kotak Securities says it sees the development as an important step to address a key concern that has been a headwind to the stock in recent months. Before joining ICICI Lombard in 2002, he looked afte...

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China slams U.S. trade threats as 'blackmail', warns of countermeasures

China slams U.S. trade threats as 'blackmail', warns of countermeasures

China slapped a 25 percent tariff on 545 American imports including agricultural products, seafood, cars and whiskey. "We urge the administration to change course and to instead work with our allie...

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China tariff threat could be a boon for Gulf oil exports

China tariff threat could be a boon for Gulf oil exports

If implemented, China may react to USA tariffs by putting a 25 percent duty on United States crude oil imports, which have been surging since 2017, to a business now worth nearly $1 billion per mont...

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Google's investing $550 million into Chinese shopping site JD.com

Google's investing $550 million into Chinese shopping site JD.com

This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in USA and European markets. JD.com is a Fortune Global 500 company and China's biggest ...

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Trade war looms as China retaliates against USA import tariffs

Trade war looms as China retaliates against USA import tariffs

American officials said they would suspend threatened tariff increases on up to $150 billion of Chinese goods. The White House has announced a 25 percent levy on technology-related products wo...

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Germany to refuse migrants from July if no European deal found: minister

Germany to refuse migrants from July if no European deal found: minister

But Merkel says that would leave countries at the EU's geographic southern periphery alone to deal with the migrant influx. Merkel's woes come as European Union countries are once again at loggerh...

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Audi chief Rupert Stadler arrested in diesel emissions probe

Audi chief Rupert Stadler arrested in diesel emissions probe

Munich prosecutors said they had acted because of risk that Stadler might seek to suppress evidence, CNN said. Stadler has denied any involvement. As of 2015, Audi has admitted to having utiliz...

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Audi CEO arrested in Germany over diesel scandal

Audi CEO arrested in Germany over diesel scandal

A court hearing to determine whether Stadler would remain in jail was ongoing, the company said, adding that it wouldn't comment further due to the ongoing investigation. Last month, Audi admitted tha...

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Chinese Media Blames Trump Administration for Brewing Trade War

Chinese Media Blames Trump Administration for Brewing Trade War

Soybeans are China's biggest import from the United States by value. "The U.S. has ignored China's resolute opposition and solemn representation, and has insisted on adopting behaviours that violate...

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McDonald’s to replace plastic straws with paper ones in UK and Ireland

McDonald’s to replace plastic straws with paper ones in UK and Ireland

It's bad enough that plastic tossed into landfills never degrades, but billions of tons of plastic have ended up in the world's oceans over the years. It hopes all plastic straws will have been replac...

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Ether surges after top SEC official says it’s not a security

Ether surges after top SEC official says it’s not a security

He will answer questions like "Is ICOs are the securities and if Yes, Is it necessary to register with the SEC ". "Clear guidelines from regulators are part of what drives economic growth in the US...

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European Central Bank announces QE end date, interest rate hikes long way off

European Central Bank announces QE end date, interest rate hikes long way off

The euro , which on Thursday suffered its biggest fall against the dollar in two years after the ECB's interest rate decision, rose up 0.35 percent to $1.1607. A flurry of economic reports earl...

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Import now to beat tariffs on goods from China? It will cost

Import now to beat tariffs on goods from China? It will cost

Anti-monopoly regulators are believed to have delayed announcing a decision on the USA tech giant Qualcomm's proposed acquisition of the semiconductor maker NXP in part due to the tariff conflict....

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Washington unemployment rate drops to 4.7 percent

Paul Turek, economist for the department, says in a written statement that gains "were widespread across industries with most adding jobs". Australian employment rose by less-than-expected in May wi...

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