• Bithumb crypto-exchange loses $32m in hack
Bithumb crypto-exchange loses $32m in hack

Cryptocurrency experts indicate that a pattern is emerging. All deposits and withdrawals have been suspended until the exchange figures things out. Numerous trading and exchange sites have been criticized for paying less attention to security measures, a vulnerability that exposes them to hacking.

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  • Iran says OPEC won't take direction from Trump
Iran says OPEC won't take direction from Trump

Opec in theory needs the agreement of all members to clinch a deal but has in the past agreed production pacts without Iran , which has criticised the idea of raising supply as it faces USA sanctions. Iran's Oil Minister Bijan Namdar Zanganeh walked out that meeting, telling reporters he did not think an agreement could be reached. Reuters rep...

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  • Donald Trump threatens 20% tariff on European Union cars, targeting Germany
Donald Trump threatens 20% tariff on European Union cars, targeting Germany

It's worthing noting that, before Trump triggered a trade war, USA exports to the European Union faced an average tariff of just 3 percent; America's domestic carmakers were already highly profitable; and most major foreign automakers operate large plants in the United States .

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  • Supreme Court decides police generally need a warrant to track cell phones
Supreme Court decides police generally need a warrant to track cell phones

Big online retailers have, in many cases, managed to avoid paying sales tax when selling goods to consumers because previously, courts said that a company must have a physical presence in the state to be taxed. Somewhere along the line, Amazon got so big that it now has what could be called a "physical presence" (in the form of fulfillment cent...

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  • Trump orders tariffs on $200B more Chinese goods
Trump orders tariffs on $200B more Chinese goods

Trump said in a White House statement Monday evening that he had instructed the U.S. Trade Representative's office to identify $200 billion in imports from the Asian nation for additional tariffs of 10 percent. The likelihood of a retaliation from China and a brutal new trade war has business leaders all over the world terrified-especial...

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  • Audi CEO Rupert Stadler arrested in Germany over Volkswagen diesel scandal
Audi CEO Rupert Stadler arrested in Germany over Volkswagen diesel scandal

German news agency dpa reported that prosecutors chose to seek Stadler's arrest due to fears he might try to evade justice. "His arrest is another low point in VW's diesel saga", said Evercore ISI analysts, who have criticized the company for being slow to reform.

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  • ZTE to pay $1B penalty in deal with US Commerce Department
ZTE to pay $1B penalty in deal with US Commerce Department

In addition, the company will put $400 million into an escrow account, which the US can access if it finds ZTE to be out of compliance with the agreement . Specifically, some observers are looking for China's Ministry of Commerce to finally approve Qualcomm's bid to purchase NXP. "The Commerce Department plans to amend its 2017 settlement agre...

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  • Porsche Mission E Renamed Taycan, Electric Car to Launch in 2019
Porsche Mission E Renamed Taycan, Electric Car to Launch in 2019

Loathe it? Let us know what you think of the Taycan name in the comments section below. Taycan translates roughly to " lively young horse ", referencing the leaping steed in the Porsche crest. The good news is that the Taycan will also have a driving range around 300 miles, which will pit it directly against the Tesla Model S. Over $580 m...

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  • Kim summit: China plays an important role
Kim summit: China plays an important role

The fighting ended on July 27, 1953, but the war technically continues today because instead of a difficult-to-negotiate peace treaty, military officers for the USA -led United Nations, North Korea and China signed an armistice that halted the fighting.

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  • Roseanne Barr blames Ambien for tweet; drug maker replies
Roseanne Barr blames Ambien for tweet; drug maker replies

Up until now, Goodman - who served as Barr's on-screen husband for more than a decade on Rosanne - has remained silent on her controversial tweet about former Obama aide Valerie Jarrett . "In fact, I tweeted a lot because I figured someone would take her phone away or monitor that, because it's unsafe when you have that much money on a sho...

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  • Howard Schultz stepping down as Starbucks' executive chairman
Howard Schultz stepping down as Starbucks' executive chairman

Schultz, 64, has been serving as executive chairman of Starbucks since stepping down as chief executive in April of a year ago and handing over to Kevin Johnson. "I intend to think about a range of options, and that could include public service", he said. "But I'm a long way from making any decisions about the future".

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  • Vermont will pay you $10,000 to move there and work remotely
Vermont will pay you $10,000 to move there and work remotely

In the coming months, people will be able to apply via Vermont's Agency of Commerce and Community Development, which is still finalizing some of the program's details. The money can be used on qualified expenses, including costs to relocate, necessary computer equipment and software, internet access and co-working memberships.

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  • Populists take helm of Italy's government
Populists take helm of Italy's government

The Italian president reappointed law professor Giuseppe Conte as Prime Minister-designate on Thursday in order to lead a coalition government. Italian president Sergio Matterella, an European Union loyalist appointed by fellow politicians rather than elected by the people, used his usually ceremonial position to block the populist parties' f...

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  • Establishments giving away free doughnuts for National Doughnut Day
Establishments giving away free doughnuts for National Doughnut Day

Beginning on National Doughnut Day , Papa John's will offer a caramel creme-filled, cinnamon sugar-coated donut hole dessert at participating locations . June 2-6 any size or combo is buy-one-get-one free. Dunkin' Donuts isn't the only chain with National Donut Day deals this year. Potbelly Sandwich Shop: Not a doughnut day deal, but th...

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  • Justin Trudeau and Chrystia Freeland respond to Donald Trump’s tariffs
Justin Trudeau and Chrystia Freeland respond to Donald Trump’s tariffs

In a series of tweets shared at the time, Trump expanded on his initial plans to implement tariffs after an announcement he made in March . It prompted threats of retaliation from the European Union on U.S. Commerce Secretary Wilbur Ross told French daily Le Figaro it would be announced either before markets opened or after they closed. ...

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  • Oil prices mixed but expected output increase a drag
Oil prices mixed but expected output increase a drag

Saudi Arabia and Russia's proposal to revive production signals supplies are now tight, and isn't a bearish development, Goldman analysts including Damien Courvalin wrote in a report . Novak did not say whether OPEC and Russian Federation would decide to boost output by 1 million bpd at their June meeting. The global benchmark traded at a U...

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  • Reboot routers to stop malware attack
Reboot routers to stop malware attack

Most devices in homes and businesses come equipped with default credentials which are easily stolen by hackers . Talos noted that the malware was trying to target machines in the Ukraine, and the Federal Bureau of Investigation attributed the attacks to the group known as "Sofacy" or "Fancy Bear".

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  • Oil ministry gives in-principle nod to launch petrol, diesel futures: ICEX
Oil ministry gives in-principle nod to launch petrol, diesel futures: ICEX

Now, three top metro cities are charging you over Rs 71 per litre, as in Mumbai and Chennai the rates are higher than Rs 73 per litre, while Kolkata is just marginally away from joining the club of Rs 72 per litre. "Given that these revenue if foregone will not impact states fiscal position, we estimate that on an average, states can cut petrol pri...

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  • Starbucks to close Tuesday afternoon for racial bias training
Starbucks to close Tuesday afternoon for racial bias training

Signage posted at several stores and listings on the company's website indicate that many locations will close for the day at 2:30 p.m. local time , though hours vary from store to store. Starbucks Executive Vice President, U.S. Retail, Rossann Williams shared a preview of the course and learning to all U.S. partners in which he mentioned that i...

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  • Italy's PM-designate says he will accompany country to new vote
Italy's PM-designate says he will accompany country to new vote

The political novice's task was complicated by right-wing leader Matteo Salvini's insistence that the Cabinet include his pick for economy minister, a former government minister who has raised doubts about Italy keeping the euro as its official currency.

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