• Amazon's Bezos says National Enquirer tried to blackmail him over 'intimate photos'
Amazon's Bezos says National Enquirer tried to blackmail him over 'intimate photos'

The blog post came on the same day that Gavin de Becker , Bezos' security adviser, told The Washington Post that he is investigating how text messages between Bezos and former TV anchor and now-paramour Sanchez were obtained and reported by the National Enquirer .

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  • RBI makes surprise cut in interest rate, home loans could get cheaper
RBI makes surprise cut in interest rate, home loans could get cheaper

RBI Governor Shaktikanta Das cut the interest rate by 0.25 percent to 6.25 percent, a move that will lead to reduction of lending rate by banks leading to lower EMI for housing, auto loan and corporate borrowers. The Reserve Bank of India (RBI) will probably change its monetary policy stance to "neutral" from "calibrated tightening" on Thursd...

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  • Oil steadies as investors weigh up odds of global supply squeeze
Oil steadies as investors weigh up odds of global supply squeeze

The Organisation of the Petroleum Exporting Countries, Russia and other non-OPEC producers - an alliance known as OPEC + - agreed in December to reduce supply by 1.2 million bpd from January 1. The sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to but slightly less extensive than those imposed o...

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  • Google's parent Alphabet reports strong earnings
Google's parent Alphabet reports strong earnings

A booming digital advertising market lifted Google's fourth-quarter advertising sales by a fifth and helped Alphabet, its parent, to beat Wall Street's profit and revenue forecasts last night. While Alphabet relies on Google's advertising business to generate profits, YouTube and cloud computing are costlier operations than its traditiona...

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  • US Employers Add 304,000 Jobs in January
US Employers Add 304,000 Jobs in January

The report came two days after the Fed signaled its three-year interest rate hike campaign might be ending because of rising headwinds to the economy, including financial market volatility and slowing global growth. It also informs the headline earnings and hours worked data. Different methodologies for these complementary reports treat simila...

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  • European Union leaders: No renegotiation on Brexit deal
European Union leaders: No renegotiation on Brexit deal

The " backstop " written into the negotiated deal is seen by European Union leaders as an insurance policy against disrupting the Irish peace process. May now has two weeks to convince the European Union to replace the backstop with her "alternative arrangements", which she so far has failed to reveal despite repeated calls to do so.

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  • Report saying joblessness reached 45-year high ‘not verified’: NITI Aayog
Report saying joblessness reached 45-year high ‘not verified’: NITI Aayog

This data was collected by the NSSO between July 2017 and June 2018 - and is the first official survey that at the country's employment situation after Prime Minister Narendra Modi announced the demonetisation of high-value currency notes in November 2016.

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  • Xi meeting next month? Officials on both sides in talks
Xi meeting next month? Officials on both sides in talks

The core of the US allegations against China is that Beijing systematically steals trade secrets, forces foreign companies to hand over technology as the price of access to the Chinese market and subsidizes its own tech companies. Trump's steel and aluminum tariffs affect most countries, including China, with the notable exceptions of Argentina a...

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  • Russia Vows To Defend Its Venezuelan Oil Assets
Russia Vows To Defend Its Venezuelan Oil Assets

Pompeo encouraged the council to recognize Juan Guaido as the constitutional interim president of Venezuela . The U.S. government's decision to impose sweeping sanctions on Venezuela's state oil company appears to be, in essence, a ban on selling the country's crude to the U.S - and potentially across the world.

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  • Document: Indictment of Huawei, Huawei Subsidiaries and CFO Meng Wanzhou
Document: Indictment of Huawei, Huawei Subsidiaries and CFO Meng Wanzhou

David Martin, Meng's lawyer in Canada, didn't immediately respond to messages seeking comment. Prosecutors said Huawei , and Meng in particular, lied to banking authorities to avoid questions about whether the firm evaded USA sanctions prohibiting firms from doing business with Iran.

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  • Documents reveal how Facebook tricked children into spending money
Documents reveal how Facebook tricked children into spending money

In relation to the hugely successful Facebook game 'Angry Birds , ' a memo included in the documents obtained by CIR written by Facebook employee Danny Stein noted how, "in almost all cases the parents knew their children was playing Angry Birds , but didn't think the child would be allowed to buy anything without their password or authorisat...

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  • Oil prices stabilise at $61.58/b over by OPEC production cut
Oil prices stabilise at $61.58/b over by OPEC production cut

Futures were little changed in NY. Concerns about an unexpected rise in US crude inventories reported on Wednesday countered gains driven by the possibility of USA sanctions on Venezuela's oil industry. That mood faltered in recent days as data showed rising production in the USA and weaker economic growth around the globe. "There's some opti...

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  • End of shutdown: White House denies Donald Trump 'caved' to Democrats
End of shutdown: White House denies Donald Trump 'caved' to Democrats

White House chief of staff Mick Mulvaney said Sunday that President Donald Trump would be willing to shut down the government again to acquire funding for an expanded border barrier. Democrats say his focus on the wall distracts from more complex immigration problems and is used to whip up his base for political gain. The White House denied on ...

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  • US crude oil imports lower, exports enhance final week
US crude oil imports lower, exports enhance final week

US refineries that depend on Venezuela's heavy crude would have even more trouble securing supplies as Canadian and Mexican crude are often not as discounted and are limited in availability. The S&P Global Platts survey had shown expectations for supply increases of 2.9 million barrels for gasoline and 900,000 barrels in distillates. Even witho...

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  • Huawei launches world's first 5G base station core chip
Huawei launches world's first 5G base station core chip

United Kingdom -based Vodafone, one of the world's biggest mobile carriers, uses Huawei in the core of its Spanish network and some other smaller markets, Read said. China's Huawei Technologies Co Ltd announced on Thursday its consumer business sales made a record of over 52 billion USA dollars in 2018 on strong demands for its smartphones.

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  • FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'
FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'

As of late morning, travelers at the Portland International Jetport seemed to be taking the news in stride, as one flight to LaGuardia posted an hour's delay and two flights to O'Hare in Chicago were expected to be delayed by 20 minutes. Among them are more than 400,000 workers, including air traffic controllers, airport security workers and Fede...

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  • Oil climbs as OPEC output drop eases concerns about glut
Oil climbs as OPEC output drop eases concerns about glut

Sub-US$100 oil prices have reduced returns from New Zealand's oil and gas sector, but crude and petroleum exports still brought in $1.06 billion in the year through November, 36 per cent more than a year earlier, according to Statistics NZ.

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  • Tesla to cut more than 3,000 jobs because cars 'still too expensive'
Tesla to cut more than 3,000 jobs because cars 'still too expensive'

Though results for Q4 aren't quite settled yet, he says that "preliminary, unaudited results indicate that we again made a GAAP profit , be less than Q3". "There isn't any other way". He noted that its vehicles will get even more expensive when the USA tax credit on EVs is halved on July 1 and eliminated at the end of 2019.

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  • Concept This Is Cadillac's New Electric Crossover
Concept This Is Cadillac's New Electric Crossover

General Motors' luxury brand Cadillac is beginning a full-on assault on brand identification in order to take back America's hearts as a status symbol for opulence. A company press release said the new automobile reflects GM's move toward all-electric vehicles in the future. "The battery system will also be adjustable, based on vehicle and custo...

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  • UK Says Second Brexit Vote Would Take Over a Year to Organize
UK Says Second Brexit Vote Would Take Over a Year to Organize

Most Conservative lawmakers reject a customs union because it would prevent Britain having an independent trade policy - one of their main demands. Yet ever since the United Kingdom voted by 52-48 percent to leave the EU in June 2016, British politicians have failed to find agreement on how or even whether to leave the European Union .

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