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On Sept. 20, Trump sent a tweet demanding OPEC produce more to get oil prices down and goose the USA economy. LONDON, Sept 24 ( Reuters ) - Hedge fund managers made only minor adjustments to their overall position in petroleum futures and options in the latest week but continued their rotation out of West Texas Intermediate into Brent .
  • Boy arrested in Australia after admitting to putting needles in strawberries

    Boy arrested in Australia after admitting to putting needles in strawberries

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    Insisting authorities were "not mucking about", Mr Morrison also urged Australians to make a pavlova and put strawberries on it. Police have said numerous reported incidents could be copycats or hoaxes. On Tuesday, the Queensland Government announced that it would said it would also spend $1 million to assist local farmers and promote their strawberries.
  • Coke eyes cannabis-infused drink market

    Coke eyes cannabis-infused drink market

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    Aurora is Canada's third-largest cannabis maker, with a market value of C$8.7 billion. Bloomberg reports that the Atlanta-based drinks giant is closely monitoring the growth of drinks infused with CBD - the non-psychoactive ingredient in marijuana that is used for medical purposes to ease everything from inflammation and cramping to epilepsy.
  • Jet flight returns to Mumbai with 30 'bleeding' passengers

    Jet flight returns to Mumbai with 30 'bleeding' passengers

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    Some passengers even complained of headache due to low cabin pressure. Authorities say a flight crew's failure to flip a switch caused a plane to depressurise over Mumbai , leaving passengers bleeding into oxygen masks and almost losing consciousness.
  • Amazon considers opening 3,000 cashierless Go stores

    Amazon considers opening 3,000 cashierless Go stores

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    Bloomberg points out that the initial stores have carried a high setup cost, requiring $1 million in hardware alone, making the prospect of opening 3,000 stores a multi-billion dollar investment. "If we offer a me-too product, it's not going to work", he said. "Nobody's ever seen a cashless store, so this could be something else". Amazon has opened four Amazon Go stores since it announced the concept in 2016.
  • China sets retaliatory tariffs on US$60 billion in U.S. goods

    China sets retaliatory tariffs on US$60 billion in U.S. goods

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    But a fresh report published today by Bloomberg says that various high-tech items will be excluded from the final list of $200 billion worth of Chinese imports subject to the 10% tariff. The president early on Monday seemed to undermine any efforts for a negotiated solution, saying tariffs have bolstered the United States bargaining position, while cost increases to consumers have been negligible and warned of more levies.
  • China to cancel talks if Trump moves ahead with tariffs, sources say

    China to cancel talks if Trump moves ahead with tariffs, sources say

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    Taken with the $50 billion in tariffs already in place, this means roughly half of everything Americans buy from China - their largest source for imports - is now subject to punitive import duties. The US and China have already placed penalties of $50 billion worth on each other's goods. In previous rounds of anti-China tariffs, it has taken one to two weeks to make list revisions and another two to three weeks to begin collecting tariffs.
  • United States impose new $200bn tariffs on China imports

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    The timing will partially reduce the toll of price increases for holiday shoppers buying Chinese imports in the coming months. Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against US farmers or other industries.
  • Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

    Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

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    Bank unions say they will oppose the proposed amalgamation between Bank of Baroda , Dena Bank and Vijaya Bank, claiming the move is anti-people and will not help solve the bad loan problem facing the banking system. The government will continue to provide capital support to the merged bank, he added. The government had consultations with the Reserve Bank of India on the merger, Jaitley said.
  • Trump announces further tariffs on $200 BILLION of Chinese goods

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    Kudlow declined to specify details of the expected announcement but noted that reports indicating Trump would unveil 10 per cent duties on US$200 billion in imports as soon as Monday were "more or less correct". "China has had many opportunities to fully address our concerns", Trump said in a statement. In the first two rounds of tariffs, the Trump administration was careful to try to spare consumers from the direct impact of the import taxes.
  • U.S. to spare some Apple products from latest China tariffs

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    Still, American consumers could start feeling the cost of the tariffs for everyday goods, as the latest move brings all Chinese imports subject to a new tariff to $250 billion, roughly half of China's shipments to the USA past year. Kudlow declined to specify details of the expected announcement but noted that reports indicating Trump will unveil 10 percent duties on $ 200 billion in imports are "more or less correct".
  • Coca-Cola considers cannabis-infused drinks

    Coca-Cola considers cannabis-infused drinks

    Markets

    Coke's would be the first entry into the cannabis market by a major manufacturer of non-alcoholic drinks, notes Reuters . The Coca-Cola Company is said to be in " serious talks " with Aurora Cannabis Inc., on the possibility of developing marijuana-infused beverages.
  • Salesforce co-founder buys Time magazine for $190 million in cash

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    Felsenthal informed staffers that they were fortunate to have Marc and Lynn guidance and mentorship to build a new company. Meredith, which completed a $2.8 billion all-cash acquisition of Time Inc. "One of the first challenges Marc and Lynne gave us is to think big, really big". They also plan to keep Time's current leadership team in charge.