Economy
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Trump rails against high oil prices, OPEC pushes back2018-04-20 13:24:05
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices after a year-pl
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EU suspects tax fraud at China's new gateway to Europe2018-04-20 13:17:47
MADRID/ATHENS (Reuters) - European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing
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Walmart could buy controlling stake in Flipkart as early as next week: sources2018-04-20 12:55:38
MUMBAI (Reuters) - Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two
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Japan's Takeda sweetens $62 billion Shire offer2018-04-20 12:38:49
TOKYO/LONDON (Reuters) - Japan's Takeda Pharmaceutical nudged up its offer for Shire to 44.3 billion pounds ($62 billion) on Friday to try to persuad
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PSA union solidarity frays as Opel workers resist cuts2018-04-20 12:24:59
FRANKFURT/PARIS (Reuters) - Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group's turnaround targets, the works council c
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GE profit tops estimates as cost-cutting kicks in2018-04-20 11:59:33
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation
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Wall Street hit by tech, oil weakness2018-04-20 11:53:03
(Reuters) - U.S. stock indexes fell on Friday, with Apple leading declines in the technology sector and as energy companies took a hit from lower oil
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Wells Fargo agrees to pay $1 billion to settle customer abuses2018-04-20 11:44:59
(Reuters) - Wells Fargo & Co has agreed to pay $1 billion to settle with U.S. regulators who said it abused customers in its auto and mortgage bus
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Biogen boosts investment in neurology with $1 billion Ionis deal2018-04-20 11:40:19
(Reuters) - Biogen Inc struck a $1 billion neurology drug development deal with Ionis Pharmaceuticals on Friday, expanding a partnership that develope
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China trade body urges tighter corporate compliance after ZTE woes: document2018-04-20 06:54:28
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the i
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GM Korea and union in talks Friday afternoon, seek to ward off bankruptcy2018-04-20 04:32:04
SEOUL (Reuters) - General Motors' South Korean unit and its labor union were in a fresh round of wage talks on Friday afternoon, keen to stave off a
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Russia gives green light to Bayer's takeover of Monsanto: Ifax2018-04-20 04:20:00
MOSCOW (Reuters) - Russia's anti-monopoly regulator FAS has approved Bayer's takeover of Monsanto , Russian news agency Interfax reported on Friday
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In good times, safety net for the jobless frays2018-03-28 00:37:14
Since the Great Recession, nine states have cut unemployment benefits below the longtime norm of 26 weeks. Some say it's a way to rebuild reserves ah
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Yes, a trade war could hurt everyone. But we're not there yet.2018-03-28 00:37:14
President Trump announced sizable trade sanctions against China Thursday, and retaliatory moves by Beijing are expected. But it may lead toward negoti
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Facebook uproar: Should personal data drive political ads?2018-03-28 00:37:14
Cambridge Analytica used Facebook data on 50 million Americans for the Trump campaign. The revelation offers a glimpse into how 'big data' is erodin
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Congress moves to ease bank rules: a needed update or a slippery slope?2018-03-28 00:37:14
Lighter regulation could make loans more accessible and help level the playing field for small banks against big ones. But critics warn of risks in le
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Toys R Us to liquidate all of its US stores2018-03-28 00:37:14
After struggling with debt and online shopping trends that undermined its sales, the former toy store giant is planning to either shut down or sell al
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In blue states, 'tax the rich' isn't so simple anymore2018-03-28 00:37:14
President Trump's tax reform has put high-tax Democratic states in a quandary: Should they tax more as Uncle Sam taxes less? Or will that push the ri
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Global regulators crack down on digital currency sales2018-03-28 00:37:14
Around the world, regulators are setting rules for the cryptocurrency market, as concerns about virtual currency sales' transparency and the potentia
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Tipped workers push states for higher minimum wage to fight harassment2018-03-28 00:37:14
Workers in the service industry are tapping into the #MeToo movement to raise chronic low wages and end having to tolerate abusive behavior from custo
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A return to the 1990s? Why outlook brightens for lower-wage workers.2018-03-28 00:37:14
Historically one of the best opportunities for low-wage workers to get pay raises is when the job market tightens. Often that 'late-in-the-cycle' ph
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Changes in sick-leave laws allow workers to care for 'chosen family'2018-03-28 00:37:14
The terminology has quietly been gaining political recognition over the past two years as a number of US states and cities have passed laws allowing w
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Why Trump takes a hard line on steel and aluminum2018-03-28 00:37:14
A global glut of steel and aluminum puts pressure on a domestic industry that the president says is vital for national security. He says tariffs will
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After tax-cut love, corporate America clashes with Trump on trade2018-03-28 00:37:14
With a globalist mind-set, big corporations are often wary of rocking the boat in trade dealings with others nations. By contrast, Trump's stance is
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With a secure Liberia, country needs to focus on economic development – senior UN official2018-03-29 20:58:38
With the entire country of Liberia secure, it is a good moment to move the focus from security to economic development, a senior United Nations offici
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Facebook privacy debate shows most countries not ready for digital economy – UN2018-03-28 19:00:45
Internet user growth is booming and with more people than ever purchasing goods and services online, protecting their privacy must be a top prior
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Revamped UN strategy aims to address root causes of Sahel crisis2018-03-28 17:35:29
The United Nations has reset its action plan to address the root causes of the complex crisis in Africa’s Sahel, a region now home to one out of
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No ‘fancy suits and long speeches’ at UN-backed sustainable development festival in Bonn2018-03-23 16:17:25
A United Nations forum showcasing the latest innovations, tools and approaches that will make sustainable development a reality wrapped up in Bonn, Ge
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Liberia prepares to turn a page as UN mission exits2018-03-23 13:56:06
As the United Nations peacekeeping mission wraps up in Liberia and the West African country looks to secure a stable future, the UN deputy chief on Fr
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Heatwaves, hurricanes, floods: 2017 costliest year ever for extreme weather and climate events, says UN2018-03-22 13:10:37
Hurricanes, monsoon floods and continuing severe drought made 2017 the costliest year ever for severe weather and climate events, according to a new r
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Hailing African free trade agreement, Guterres says UN ready to support continent’s ‘leap into history’2018-03-22 09:49:53
United Nations Secretary-General António Guterres has welcomed the singing of a continental free trade agreement in Africa that has created one
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Pentagon awards $67.8M contract for Ballistic Missile Defense System2018-04-19 13:28:31
MacAulay-Brown Inc. was awarded a $67.8 million contract by the Missile Defense Agency for development and services for the Ballistic Missile Defense
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HII contracted for repairs, upgrades on USS Gerald R. Ford2018-04-19 13:13:00
Huntington Ingalls was awarded a $10.7 million contract by the Navy for repairs and upgrades on the USS Gerald R. Ford following sea trials of the ves
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Lockheed awarded $928M for hypersonic strike weapon2018-04-19 11:01:14
Lockheed Martin has been awarded a contract by the Air Force for development, engineering, testing and integration of the hypersonic conventional stri
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Oil prices rally in spite of darker economic clouds2018-04-19 10:22:00
Crude oil prices continued their rally to test multi-year highs Thursday amid signs of higher demand, despite concerns about future economic growth.
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BP sees $6 billion in gas investments in India2018-04-19 09:09:48
British energy company BP said Thursday it signed off on the development of deepwater gas projects in India for a total investment of $6 billion.
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Oil-rich North Dakota expecting budget issues2018-04-19 08:34:01
Facing tariff headwinds, and despite its vast crude oil resources, North Dakota may have to cut back because of a shortage of general funds, the gover
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No quick fix on sanctions, Russia says2018-04-19 07:46:43
There are no quick remedies to help support companies like Gazprom that are the target of U.S. sanctions, a Russian presidential spokesman said.
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Funding emerges for company with a Cuban energy footprint2018-04-19 06:31:49
Melbana Energy, an Australian company with operations in Cuba and New Zealand, said it secured a $2.5 million loan to help finance its operations.
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Amid trade tensions, Alaska's governor plans Chinese trade mission2018-04-19 06:06:52
A trade mission to China will showcase the prospects for investment opportunities in Alaska, the governor of the northern U.S. state said.
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Norway's oil and gas production declines2018-04-19 05:56:12
Technical problems were to blame for a drop in average daily oil production from Norway, one of Europe's main suppliers, the government said.
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Dynetics to develop Gremlins UAV system for DARPA2018-04-18 13:51:46
Dynetics Inc. was awarded a $32 million contract for phase III of the Gremlins program, small unmanned aerial systems used for combat and non-combat r
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Raytheon wins contract for Barracuda counter-mine system2018-04-18 13:25:23
Raytheon has been awarded an $83 million contract by the U.S. Navy for the design, testing and deployment of Barracuda mine neutralization systems.