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British Prime Minister Theresa May and her Cabinet have reached a "collective" agreement on a "business-friendly" plan for Brexit.   Announced at the end of a crucial summit on Friday, the proposal seeks "to preserve frictionless goods trade with the European Union and avoid the...

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US President Donald Trump has threatened to impose tariffs on an additional $200 billion worth of Chinese goods in a escalating trade row with Beijing, which on Tuesday accused Washington of "blackmail" and warned it would "strike back hard".   The White House said on Monday evening...

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Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations, a company spokesman said.   German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker's continuing emissions scandal, reports Efe...

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Brazilian President Michel Temer has announced a new reduction in diesel prices to end the transport strike that has paralyzed the country for the past one week.   Temer's administration on Sunday decided to cut the diesel price by 0.46 reais (about $0.13) per liter and freeze it for...

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The controversy surrounding the USD50 million donation from not-for-profit Tata Trusts to the Harvard Business School in 2010 has now reached the American shores with a leading Conservative website questioning the globally prestigious institution for accepting "questionable funds" that should...

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Referring to the US-China trade dispute, the State Bank of India (SBI) on Friday said that such bilateral trade wars have never turned into full-scale global ones, while they provide am opportunity to countries like India to expand their trade.   In March, US President Donald Trump...

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Even as it is buffeted by bribery probes in several countries, aviation major Airbuss operation in India has flown into turbulence with reports of a whistleblower alleging graft in a chopper deal and the leak of sensitive classified information causing alarm in the government.   The...

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The world's largest retailer, Walmart Inc, on Wednesday announced it was buying 77% equity stake in India's e-tail major Flipkart for USD16 billion.   "Subject to regulatory approval in India, Walmart will pay USD16 billion for an initial stake of 77% in Flipkart," the Kansas-based...

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Washington, US President Donald Trump said on Tuesday that he will withdraw his country from the Iran nuclear deal, a decision that immediately drew global frustration and outcry.   The pullout of the US from the deal, which eased sanctions on Iran in exchange for the country limiting...

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Amit Kapoor (IANS) 24 April 2018
Any undergraduate student of economics would vouch for the fact that an economy in a recession requires a fiscal stimulus package (or more government spending and lower taxes). Such a stimulus can only be managed if the economy constrains its fiscal spending in times of growth. Restraint on...

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Twitter CEO and co-founder Jack Dorsey in 2017 declined for the third straight year any salary. He did not take a single penny for running the micro-blogging platform.   "As a testament to his commitment to and belief in Twitter's long-term value creation potential, our CEO, Jack...

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British banks must severe ties with Kremlin-linked tycoons if they want continued access to American financial institutions, the US has said as it ratcheted up its efforts to block Russian industrialists from doing business in the West.   Sigal P. Mandelker, a top US Treasury official...

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Amit Kapoor (IANS) 10 April 2018
The much-dreaded trade war has come dangerously close to fruition after the tit-for-tat exchanges between the United States and China over the course of the past week.   Last Tuesday, the US, blaming China for intellectual property theft, released a list of 1,300 products that could...

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US President Donald Trump has ratcheted up the trade war rhetoric with China, saying he was considering an additional $100 billion in tariffs on the country, the media reported.   "In light of China's unfair retaliation, I have instructed the US Trade Representative (USTR) to consider...

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Gaurav Sharma (IANS) 04 April 2018
China in no time hit back by slapping tariffs of worth USD50 billion on 106 US products on Wednesday, hours after Washington decided to impose import taxes on 1,300 Chinese products.   The Customs Tariff Commission of the State Council has decided to impose an additional tariff of 25...

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Facebook CEO Mark Zuckerberg hit back at Tim Cook saying that the recent criticism from his counterpart at Apple was unfounded, the media reported.   In an interview on Monday, Zuckerberg defended his company's business model by saying: "You know, I find that argument, that if you're...

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The trade war between China and the US escalated on Monday, with Beijing slapping a tariff as high as 25 per cent on 128 American products.   China's tit-for-tat move comes after US President Donald Trump announced to imposed trade charges of up to $60 billion on Chinese imports on...

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US President Donald Trump embarked on the sharpest trade confrontation with China, moving toward imposing tariffs worth $60 billion in Chinese goods and limiting Beijings freedom to invest America's technology industry, media reports said.   "We're doing things for this country that...

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Following up on his threat to punish Beijing for intellectual property theft, US President Donald Trump is preparing to hit China with a $60 billion annual tariff package.   The tariff package, which Trump plans to unveil by Friday, was confirmed by four senior administration...

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The US President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminum amid mounting dissent from business groups and trading partners around the world.   The US will impose a 25 per cent tariff on imported steel and 10 per cent...

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