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UAE, Saudi Arabia and Kuwait said to plan OPEC talks

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USA crude futures have fallen by as much as 10% to about $66.50 a barrel, which is down from last week's $73. At 10:30 am Singapore time (0230 GMT), ICE July Brent crude futures fell 39 cents/b (0.52%) from Tuesday's settle to $75/b, while the NYMEX July light sweet crude contract slid 26 cents/b (0.39%) to $66.47/b. Read More »

Ottawa's planned purchase of pipeline elicits shock, disappointment

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Moe has repeatedly said the federal government should do more to ensure the project gets built and charged they have "no clear plan" to do so. "We think that today's announcement is based on extraordinary circumstances", Tim McMillan, chief executive officer of the Canadian Association of Petroleum Producers, said in a press conference Tuesday. Read More »

India's top fuel retailer trims petrol, diesel prices

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After making the announcement, chief minister Pinarayi Vijayan said the onus was now on the central government to effect a price reduction from its end. Accordingly, domestic prices now track global oil prices each day. The Narendra Modi government, which came to power in May that year, took advantage of the low oil prices to jack up the excise duty on petrol and diesel. Read More »

Politicians push for July election as Italy seeks exit from crisis

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A steep drop in US bond yields, which drives interest rates lower on loans, weighed heavily on banks. The Dow Jones Industrial Average fell 376.91 points, or 1.52 percent, to 24,376.18, the S&P 500 lost 30.88 points, or 1.13 percent, to 2,690.45 and the Nasdaq Composite dropped 36.31 points, or 0.49 percent, to 7,397.54. Read More »

BMO and CIBC's Simplii warn fraudsters may have accessed clients' data

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Simplii Financial , the direct banking subsidiary of the Canadian Imperial Bank of Commerce ( CIBC ), also confirmed at the weekend it had been contacted by fraudsters claiming to have information on around 40,000 customers. Royal Bank, Scotiabank and Toronto-Dominion Bank said they have no indication they have been affected. MobileSyrup has reached out to BMO and the Office of the Privacy Commissioner of Canada for more information. Read More »

Tesla in Autopilot self-driving mode crashes into parked police cruiser

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A Tesla Model S with the Autopilot driver assist engaged crashed into a stationary police vehicle in Laguna Beach, California, earlier today according to the local police department. The driver of the Tesla reportedly suffered some minor injuries, but nothing that required immediate treatment. NHTSA is also investigating a fatal crash in March that involved a Tesla Model X using Autopilot that struck a highway divider. Read More »

White House Moves Ahead With Tough Trade Measures on China

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The White House also said it plans to announce new measures to restrict Chinese investment "related to the acquisition of industrially significant technology" by 30 June. President Trump is turning up the heat on China again, saying he's going ahead with tariffs of $50B on imports. However, the administration is torn between groups anxious about a trade war and hardliners calling for stronger action to counter the competitive threat posed by state-subsidised Chinese firms. Read More »

Pret A Manger gobbled up by German billionaires for £1.5 billion

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The sandwich chain, founded in London in 1986, now operates 530 stores worldwide in locations including the USA, Hong Kong and Dubai. The £1,000 will be paid to all employees who are on the payroll during the week the deal completes. About three quarters of Pret's 530 locations are in the United Kingdom, where it competes with Costa Coffee, the chain being spun off by Whitbread Plc, as well as Starbucks. Read More »

Starbucks to Close Stores Tuesday to Conduct Anti-Bias Training

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Eric Varner of Grove City says he once worked for Starbucks adding that the company has always been very focused on promoting an open and inclusive culture. The staff at the Philadelphia Starbucks called 911 after the men, who didn't buy anything, asked to use the restroom while they waited for a friend. The pair will also receive free tuition for an online program created by Starbucks for its employees. Read More »

President puts Italy on path to fresh polls

Those elections are expected by early 2019 at the latest, if not sooner. "The central bankers of the ECB will be aware of the disappointment that is reflected in the Italian election result and that this also constitutes disappointment with the ECB". Read More »

Petrol and diesel prices hiked yet again

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In Delhi petrol now cost record Rs 78.12 a litre, Mumbai Rs 85.93 per litre, Chennai Rs 81.11 a litre and Kolkata Rs 80.76 per litre. This, incidentally, happened on a day when the global crude oil price showed a decrease. "We cannot force them to do so but can only request", he said. Spokesman Simon Williams said: 'This is the worst series of consecutive daily supermarket price rises we have seen since we began monitoring. Read More »

Amazon's Jeff Bezos pledges to expand space ventures

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While perhaps a bit out there, their methods appear to have worked and The Expanse is officially coming back. Now, Amazon CEO, Jeff Bezos , has confirmed the renewal of " The Expanse " at the National Space Society's International Space Development Conference in Los Angeles Friday night. Read More »

You May Have Noticed That Gas Is More Expensive This Holiday Weekend

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On the other side of the U.S., CT and MI lead the pack of the most expensive states, with prices of $3.145 and $3.133, respectively. Despite the increased prices, Wright said, "It's not going to stop people from hopping in their cars". has already passed. "It's to be expected, it always goes up for a holiday weekend, obviously much worse gas mileage with the boat behind you". "I don't want it to impact anyone else's plans, but for us it's all about finding the sunshine and some sand ... Read More »

Brazilian President Michel Temer orders security forces to remove trucker blockades

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The strike followed complaints from truck drivers about the rising cost of diesel oil, which has gone up sharply in recent months as world oil prices rise and the Brazilian real weakens against the US dollar. However, Petrobras CEP Pedro Parente said the decision to cut prices for 15 days and then start gradually bringing them back up to market levels had not been made under pressure from the government, but aimed to ease the pressure on the streets, where more than 200,000 truckers are ... Read More »

Reboot Your Routers, Right Now — FBI to America

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Infections were detected in more than 50 countries, though the primary target for further actions was probably Ukraine, the site of many recent infections and a longtime cyberwarfare battleground. "The malware has a destructive capability that can render an infected device unusable, which can be triggered on individual victim machines or en masse, and has the potential of cutting off internet access for hundreds of thousands of victims worldwide", the group said in its report . Read More »

'Boozy' passenger brawls on flight after he's cut off

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The flight attendant successfully separated them during the dust up. Another man had the aisle seat. The flight attendant had no choice in refusing to serve the inebriated Felix more beer after suspecting he was drunk. But Felix kept arguing, waving his arms in the attendant's face. Felix then said to the flight attendant, "You're my bartender?" He said he caught sense the tension on the flight increasing so he pulled out his phone. Read More »

Supermarket fuel prices up every day since March 26

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One way the government is considering to reduce the pressure on consumers is by introducing a windfall tax on local oil producers, to be activated in case worldwide prices exceed US$70 a barrel. Similarly, it is high time both the Government and common public cut their consumption of fuel, which will reduce out import burden of petrol and diesel. Read More »

US officials in North Korea to prepare for USA summit

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The decision to cancel the summit was quickly met with a diplomatic response from North Korea's Vice Foreign Minister Kim Kye Gwan, who said in a statement on KCNA the North is willing to talk to resolve issues "anytime and in any format". - Kim remains doubtful of the USA promise for security guarantee following denuclearization. Trump cited North Korean hostility in cancelling the summit. Read More »

OPEC and Russian Federation to Raise Crude Oil Output

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Petersburg International Economic Forum in Russia, Al Falih said: "I think in the near future there will be time to release supply" smoothly to avoid shocking the market". FILE PHOTO: People walk past the logo of the Organization of the Petroleum Exporting Countries (OPEC) in front of its headquarters in Vienna, Austria September 21, 2017. Read More »

ZTE may live, as Trump administration reportedly reaches deal to revive it

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It's the latest twist in a saga of geopolitics and high technology that has its roots in ZTE's violations of USA sanctions against Iran back in 2010. Under the new agreement, after ZTE makes a series of changes in its management, it would be allowed to resume business with US companies, including a key supplier, chipmaker Qualcomm . Read More »

Elon Musk's new company 'Pravda' would rate journalists' credibility

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Musk said that he is thinking of a site where "the public can rate the core truth" of news stories, as well as track "the credibility score" of journalists and publications. Tesla shares ended the day down 0.4 percent, at $277.85. "Why pay union dues and give up stock options for nothing?" he said about workers at the plant. Read More »

Netflix Is Now More Valuable Than Disney

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For Q1, Netflix reported $3.7 billion in revenue, up 40% year over year, and net income of $290 million, up 63%. The Netflix home screen for the original series " Stranger Things ". Its sales totaled $84.5 billion previous year. Today, it boasts 125 million streaming memberships in more than 190 countries, with people tuning in for more than 140 million hours each day. Read More »

Dodd-Frank scale back ‘welcome news’ for small banks

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Banks larger than $50 billion dollars in capital were considered too critical to the USA financial system to fail without catastrophic results to the economy. "Specific mortgage related portions of the bill include: SAFE Act amendments which provide mortgage loan originators with 120 days of transitional authority to originate when moving from a federal depository to a non-bank (or across state lines), Subjecting Property Assessed Clean Lending (PACE) or property retrofit loans to Truth In ... Read More »

U.S. seeks to take control of infected routers from hackers

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This malware strain is incredibly complex when compared to other IoT malware, and comes with support for boot persistence (the second IoT/router malware to do so), scanning for SCADA components, and a firmware wiper/destructive function to incapacitate affected devices. Read More »

Service dog gives birth to puppies at Tampa airport

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The puppies' father, a yellow lab named Nugget who is also a service dog, was also at the airport at the time of the birth. Paramedics from the Tampa Fire Rescue assisted the 2-year-old golden retriever named Eleanor Rigby to give birth to seven males and a female puppy, in an occasion enjoyed by all the travelers who were present near Gate F-81. Read More »

Fiat Chrysler warns 4.8M owners: Don't use the cruise

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It follows a voluntary recall in the U.S. and Canada that's affected close to five million vehicles. In the event that cruise control can not be disengaged while driving, owners should firmly and steadily apply the brakes and shift the transmission to Neutral, placing the vehicle in Park once it has stopped. Read More »

Uber self-driving auto in crash wasn't programmed to brake

According to the investigators, the unmanned vehicle spotted the danger and determined the need to stop 1.3 seconds before the fatal crash . The vehicle's record of the event indicates that Vazquez grabbed the steering wheel less than a second before the auto ran into Herzberg and hit the brakes after the impact. Read More »