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Parliament is mid-way through a five-day debate on the Brexit deal, ahead of the crunch vote which will define Britain's departure from the European Union and could determine Mrs May's future as leader. The latter possibility has grown less likely this week as Remainers in the Conservative Party have reached a secret agreement with Labour that would allow Parliament to block the no-deal option.
  • Dow Jones falls almost 800 points amid trade war, recession fears

    Dow Jones falls almost 800 points amid trade war, recession fears

    Markets

    White House economic advisor Larry Kudlow said the figure was a broad benchmark that would depend on private transactions for U.S. goods and was subject to market conditions. China also agreed to lift tariffs, including reducing its 40-percent tariff on American cars, . which Mnuchin expects will eventually "fall to zero".
  • China trade war begins to thaw as new tariffs halted

    China trade war begins to thaw as new tariffs halted

    Markets

    White House Press Secretary Sarah Sanders said Trump and Xi had agreed to begin immediate trade negotiations on the stickier points of contention between the two powers, including forced technology transfer and intellectual property protection .
  • New Tariffs Could Hit Laptops, iPhones, Trump Says

    New Tariffs Could Hit Laptops, iPhones, Trump Says

    Markets

    When the WSJ asked if that includes handsets like the iPhone as well as notebook computers, he said "Depends on what the rate is, I can make it 10%, and people could stand that very easily". The Federal Reserve should be even more attentive to new economic data as its gradual interest-rate hikes edge it ever closer to a neutral stance, Federal Reserve Vice Chair Richard Clarida said on Tuesday.
  • Chinese retailers boycott Dolce & Gabbana after 'racist' ads

    Chinese retailers boycott Dolce & Gabbana after 'racist' ads

    Markets

    D&G suffered another huge blow as Chinese e-commerce portals such as Taobao.com, JD.com, Alibaba's Tmall, Suning.com, Ymatou.com, VIP.com and Kaola all removed D&G products as searches on these sites produced no results, just before the Black Friday online shopping bonanza was about to begin in China .
  • European Union Leaders Approve Brexit Plan

    European Union Leaders Approve Brexit Plan

    Markets

    Sanchez had said on Friday he wouldn't back the divorce deal United Kingdom and European Union leaders are supposed to vote on during Sunday's summit in Brussels , saying a draft agreement did not include clear language regarding Gibraltar.
  • Apple Cuts Production Orders for All 3 New iPhone Models

    Apple Cuts Production Orders for All 3 New iPhone Models

    Markets

    The report notes that Apple's iPhone XR appears to be the worst hit with the company cutting production plan by up to a third of the almost 70 million units. Apple has cut production orders on its three latest models of the iPhone, which haven't sold as quickly as the company had originally expected, the Wall Street Journal reports, citing unnamed sources.
  • Nissan says chairman Ghosn to be dismissed for misconduct

    Nissan says chairman Ghosn to be dismissed for misconduct

    Markets

    A day after the dramatic fall from grace of the 64-year-old, a towering figure in the automotive industry, the sources said Tokyo prosecutors believe these costs shouldered by the Japanese company should have been reported as part of the remuneration he received from the company in securities reports .
  • How Amazon's HQ2 could help all tech workers in DC and NYC

    How Amazon's HQ2 could help all tech workers in DC and NYC

    Markets

    The New York Building Congress, a coalition of construction and design groups, said: " Amazon will be a tremendous boost to New York's economy and stimulate countless industries, from technology and innovation to design and construction". The funds, which have to be appropriated by the Virginia General Assembly, are created to decrease slightly in value if more than 10% of the new hires are focused on federal government contracts.
  • Energy agency: Global oil supply jumps, sending prices lower

    Energy agency: Global oil supply jumps, sending prices lower

    Markets

    Oil prices have plunged more than $20 a barrel since the start of October , when Brent crude rose to almost $87 a barrel and USA benchmark West Texas Intermediate (WTI) traded around $77. Brent Crude is not down more than 20 percent from its recent high, officially putting it in bear market territory. Stockpiles in industrialized nations have increased for four consecutive months and are set to jump by 2 million barrels a day next half if current output is maintained, the agency said.
  • Apple iPhone XR shipment forecast slashed by analyst Ming-Chi Kuo

    Apple iPhone XR shipment forecast slashed by analyst Ming-Chi Kuo

    Markets

    Lumentum, which supplies FaceID components for the iPhone XS , XS Max, and XR, has reduced its profit and revenue forecasts thanks to reduced orders from Apple . Apple has lost $120 billion in market capitalisation since the last trading day of September, and many analysts are warning that the brief days of Apple being a trillion dollar company are over.
  • Oil production cuts may be necessary: Abu Dhabi summit - Economy

    Oil production cuts may be necessary: Abu Dhabi summit - Economy

    Markets

    The oil producers have chose to act after oil dropped as much as 20 percent in one month, after hitting a four-year high in early October. But the USA is continuing to pump out high volumes of crude. According to Oilprice.com, USA shale production saw an increase of 400,000 bpd in the first week of November , pushing output up to 11.6 million barrels per day.
  • Examining details of US exemptions on buying Iranian crude oil: MEA

    Examining details of US exemptions on buying Iranian crude oil: MEA

    Markets

    The United States is determined to push Iranian oil exports to zero, US Special Representative Brian Hook said on Wednesday, through a "calibrated" approach using maximum economic pressure without lifting oil prices. Global benchmark Brent crude was trading 67 cents lower at $69.98, down 1 percent for the day and more than 19 percent from its recent high. Preventing crude from rising further, however, was record USA crude production, which hit a whopping 11.6 million bpd in the week ending ...
  • US emergency directive after Boeing jet crash in Indonesia

    US emergency directive after Boeing jet crash in Indonesia

    Markets

    Indonesian investigators said Wednesday the plane had experienced instrument failures on 4 flights, including on one journey where both the AOA sensor and the airspeed indicator were affected. FDR data resulted in investigators determining that if an erroneously high single AOA sensor input is received from the aircraft's flight control system, there is a potential for the 737 to repeatedly perform nose-down trim commands of its horizontal stabilizer.
  • Second Amazon headquarters a tale of two cities

    Second Amazon headquarters a tale of two cities

    Markets

    That would place the operations in an area of Queens directly across the East River from Manhattan. Over the past weekend, The Washington Post reported that Northern Virginia's Crystal City was in advanced talks with Amazon for the second headquarters.
  • Trump expects 'very good' trade deal with China

    Trump expects 'very good' trade deal with China

    Markets

    The president added that he would have a dinner with Xi at the G20 summit, wherein they would be discussing the issue. "As the president said, we would like to talk to them about it, but they may not be ready". "Bilateral tensions over strategic issues such as Taiwan , the South China Sea and the arms race will continue and may be at risk of escalating", he said.
  • GOP Sen. Jeff Flake: Obama's tone 'is better' than Trump's

    GOP Sen. Jeff Flake: Obama's tone 'is better' than Trump's

    Markets

    At one recent rally, Obama said, "We have seen repeated attempts to divide us with rhetoric created to make us angry and make us fearful, that's created to exploit our history of racial and ethnic and religious division". The video also includes scenes of a migrant caravan that is moving toward the USA, but is still hundreds of miles away from the border. It also includes scenes of a migrant caravan moving toward the USA, warning ominously, "Who else would Democrats let in?" and suggesting ...
  • Donald Trump defends anti-immigrant video that blames Democrats

    Donald Trump defends anti-immigrant video that blames Democrats

    Markets

    The 53-second video released Wednesday evening remains pinned to the top of the president's popular Twitter feed. And the video claimed "Democrats let him into our country" and "Democrats let him say". And Rep. Carlos Curbelo, R-Fla., seeking re-election in a Democratic-leaning South Florida district, said he'd not seen the video but criticized Trump's use of it.
  • North American stocks end lower despite promising start to the trading day

    North American stocks end lower despite promising start to the trading day

    Markets

    For most of this year, investors have remained hopeful that the United States and China would work out their disagreements on trade policy and that numerous tariffs would be reduced or eliminated. Other members of the so-called FAANG group also sold off. Apple shed 1.9 percent while Facebook gave up 2.3 percent. The Stoxx Europe 600 Index surged 1.3 percent to the highest in a week.
  • Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Markets

    What's interesting is that the following Section of the RBI Act has never been used by any government post the independence of India. Facing criticism for invoking a hitherto unused section to issue instructions to the RBI, the government on Wednesday said that it respected the autonomy of the central bank but within the framework of the RBI Act.
  • Markets Right Now: Asian shares fall after rout on Wall St

    Markets Right Now: Asian shares fall after rout on Wall St

    Markets

    The growing global pressure on Saudi Arabia over the death of journalist Jamal Khashoggi also weighed on investor sentiment. On Wednesday, data showed sales of new USA single-family homes fell to a near two-year low in September, the latest sign that rising mortgage rates and higher prices were hurting demand for housing.
  • Amazon's Prime Day boost couldn't save it from disappointing sales

    Amazon's Prime Day boost couldn't save it from disappointing sales

    Markets

    Analysts watch Amazon's revenue growth more closely than any other indicator of the company's future health. But it had some mildly disappointing news for Wall Street today. The Waymo operation in Phoenix is in the early stages of testing pricing, Alphabet Chief Financial Officer Ruth Porat said on a conference call on Thursday, noting that some employers were sponsoring workers' rides.
  • China and Russian Federation are reportedly eavesdropping on Trump's phone calls

    China and Russian Federation are reportedly eavesdropping on Trump's phone calls

    Markets

    President Donald Trump's aides have repeatedly warned him that calls made on his iPhones are not secure as Chinese and Russian spies routinely eavesdrop, the New York Times reported . Trump, but out of frustration with what they considered the president's casual approach to electronic security". On Thursday, the morning after the report came out, President Trump denied the accusation that he uses his personal, unsecured iPhone .
  • Son of murdered journalist Khashoggi leaves Saudi Arabia for US

    Son of murdered journalist Khashoggi leaves Saudi Arabia for US

    Markets

    Before this, Jamal's son had allegedly been banned from leaving Saudi Arabia . A handout picture provided by the Saudi Press Agency (SPA) on October 23, 2018 shows Saudi Crown Prince Mohammed bin Salman meeting with family members of slain journalist Jamal Khashoggi in Riyadh.
  • Mega Millions jackpot hits $1.6bn, thanks to worsening odds

    Mega Millions jackpot hits $1.6bn, thanks to worsening odds

    Markets

    Monday, according to Assistant Manager Shannon Thompson. Tonight's Mega Millions drawing will be at 11 p.m. What's my payout if I win? Many customers are playing Mega Millions due to the the game's record $1.6 billion jackpot. "Like today ... every single sale I've had has literally had a Mega Millions ticket attached to it". He was buying a ticket with Eliseo Garcia of DePue after they had just cast their early votes at Spring Valley City Hall.
  • Khashoggi's death leads to several no-shows at Saudi financial conference

    Khashoggi's death leads to several no-shows at Saudi financial conference

    Markets

    Somebody really messed up. Erdogan , who has his own history of targeting dissidents, demanded that the 18 suspects that Saudi Arabia has said it is holding be tried in Istanbul . "Neither the president nor I am happy with this situation". Central Intelligence Agency director Gina Haspel has been sent to Turkey to review the matter.
  • United Kingdom keeping ties to Saudi despite journalist Khashoggi’s assassination and opposition pressure

    United Kingdom keeping ties to Saudi despite journalist Khashoggi’s assassination and opposition pressure

    Markets

    Saudi Arabia's King Salman bin Abdulaziz Al Saud has expressed his condolences to the family and relatives of Mr Jamal Khashoggi , according to a report carried by state-owned Saudi Press Agency. The newspaper says the calls went to the head of the crown prince's office, as well as a number in the United States. Britain joined forces with France and Germany yesterday with a joint statement condemning the killing of journalists as unacceptable.
  • Turkish employees of Saudi consulate give statements in Khashoggi probe

    Turkish employees of Saudi consulate give statements in Khashoggi probe

    Markets

    She said: "I agree with all those who say when it comes to our already limited arms exports to Saudi Arabia , that they can not take place in the current situation". The deal "will allow us to intervene to rebalance the market in any appropriate time from January onward", he said. Oliver Sprague, Amnesty International UK's arms expert, said: "By backing continued arms sales to Saudi Arabia, Dominic Raab is wilfully ignoring the risk of these weapons fuelling further human rights violations ...
  • Sales are brisk as Mega Millions jackpot hits $1.6 billion

    Sales are brisk as Mega Millions jackpot hits $1.6 billion

    Markets

    That means the top prize has now risen to an estimated $1.6 billion. McIntyre noted one Bay Stater asked about New Hampshire's lack of a state income tax as somehow a factor in their ticket strategy. The $1.6 billion estimated jackpot would be the largest prize in USA history. That's right. Mega Millions " entered historic territory " Saturday after officials confirmed there were no winners for Friday's drawing.
  • Mexico deploys hundreds of riot police as migrants near

    Mexico deploys hundreds of riot police as migrants near

    Markets

    Thousands of Central Americans moving north refused to be denied by a fence, where Guatemala meets Mexico. Earlier Friday, a New York Times reporter challenged Trump's assertion that migrants in the caravan were criminals. The nearest border is about 110 miles (177 km) away. "Well, we're looking at a lot of things", he said. Arriving on the Mexican side of a border bridge, they were met by a phalanx of police with riot shields.
  • Mega Millions jackpot grows to $970 million

    Mega Millions jackpot grows to $970 million

    Markets

    Millions have lined up across the country for their chance to strike it rich in Friday night's historic $ 970 million Mega Millions jackpot . Mega Millions has existed in some form since 1996. But when it gets close to $1 billion, even he can't resist, knowing he just bought the winning ticket. There are smaller prizes, from $4 up to $1 million, for matching some, but not all, numbers.
  • Fox Business Pulls Out of Saudi Conference, Citing Khashoggi Controversy

    Fox Business Pulls Out of Saudi Conference, Citing Khashoggi Controversy

    Markets

    Trump, who has forged closer ties with Saudi Arabia and the 33-year-old Crown Prince Mohammed bin Salman, acknowledged for the first time on Thursday that Khashoggi , a U.S. Khashoggi has not been seen since he entered the Saudi consult in Istanbul more than two weeks ago and is feared dead. The Saudis have dismissed those reports as baseless but have yet to explain what happened to Khashoggi, a contributing columnist for The Washington Post who wrote critically of Prince ...
  • Oil prices rise towards $85 on surprise drawdown in United States crude stockpiles

    Oil prices rise towards $85 on surprise drawdown in United States crude stockpiles

    Markets

    USA crude inventories fell by 2.1 million barrels last week, compared with analyst expectations for a build of 2. 2 million barrels, American Petroleum Institute data showed after Tuesday's settlement. Meanwhile, President Donald Trump and his top diplomat cautioned against putting the entire U.S. -Saudi relationship at risk over dissident writer Jamal Khashoggi .
  • Saudi Threatens To Hit Back Against Sanctions Over Khashoggi Case

    Saudi Threatens To Hit Back Against Sanctions Over Khashoggi Case

    Markets

    Already, worldwide business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as "Davos in the Desert", and the sell-off on Riyadh's Tadawul stock exchange showed that investors are uneasy. The Saudi Embassy in Washington later tweeted what it called a clarification, thanking countries including the United States "for refraining from jumping to conclusions" over the case.
  • Mega Millions jackpot jumps to $667 MILLION

    Mega Millions jackpot jumps to $667 MILLION

    Markets

    And Friday's Mega Millions wasn't a complete bust. The next Powerball drawing will be held Wednesday at 10:59 p.m. ET and tickets also must be purchased by 10:00 p.m. Wednesday night's Powerball drawing will be the 19th since the jackpot was last hit August 11, when a $245.6 million jackpot was won on a ticket sold in NY.
  • Saudis reject threats as stocks plunge after Trump comments

    Saudis reject threats as stocks plunge after Trump comments

    Markets

    As if to drive the point home, a cleaning crew with mops, trash bags and cartons of milk walked in past journalists waiting outside the consulate on Monday. The Saudi foreign ministry said Mr Salman affirmed his country's "solid" relations with Turkey in the phone call with Mr Erdogan. Saudi Arabia has responded to Western statements by saying it would retaliate against any pressure or economic sanctions "with greater action", and Arab allies rallied to support it, setting up a potential ...
  • Mega Millions jackpost climbs to $654M

    Mega Millions jackpost climbs to $654M

    Markets

    The Powerball jackpot, too, climbed after no one matched all six numbers Wednesday night, but three lucky winners matched the first five numbers for a cool $1 million. Four tickets matched five white balls in Tuesday's drawing. Mega Millions is played in 44 states as well as Washington, D.C., and the U.S. Virgin Islands.
  • Asian markets close lower amid IMF’s global growth forecast downgrade

    Asian markets close lower amid IMF’s global growth forecast downgrade

    Markets

    When the world's two biggest economies - the U.S. and China - are "at odds", that is going to create "a situation where everyone is going to suffer", Obstfeld said. On the other hand, the International Monetary Fund increased growth projections for the United States from 2.2 to 2.9 per cent. The US simultaneously threatened to add tariffs to a further $267 billion (£205 billion) of products, which saw China retaliate with 10 percent tariffs on $60 billion (£46 billion) of US imports.