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Still, Saal said, investors had already expected increasing USA production and priced it into the market, "so that's why prices are down a little bit and not down a lot". His Russian counterpart, Alexander Novak, insisted his country is trying to speed up its agreed reduction, just days after Al-Falih said Moscow's curbs had "started slower than I like".
  • Pelosi asks Trump to move State of the Union address

    Pelosi asks Trump to move State of the Union address

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    It was announced on Wednesday that the Trump administration is calling almost 50,000 staff back to work, unpaid, in a bid to minimise the shutdown's impact. Mike Rounds, R-S.D., said Republicans were divided over a proposal by Sens. Democrats remain opposed to Trump's demand for $5.7 billion. Trump is particularly incensed with House Speaker Nancy Pelosi's public position that she will not compromise in any way with the administration over funding.
  • Chinese military rapidly closing gap, Pentagon report says

    Chinese military rapidly closing gap, Pentagon report says

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    USA defense officials wrote China is building its force to ensure its regional prowess and work toward its No. 1 goal - the reunification of mainland China and Taiwan . "Now that [ China has] built out this infrastructure down there, they're able to be present in a more persistent manner than they might have been before if they had to come all the way down from the mainland ...
  • USA will reach trade deal with China

    USA will reach trade deal with China

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    China will work to straighten out trade frictions with the U.S. this year, the country's commerce minister told state media on Friday. ING said a fall in electronic shipments could be related to foreign companies avoiding using China-made electronic components, adding that exports and imports of electronic parts and goods will likely shrink this year.
  • Air Traffic Controllers Buy Pizza for Unpaid American Counterparts

    Air Traffic Controllers Buy Pizza for Unpaid American Counterparts

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    Pointed out by the news outlet, a notice was posted up in the hallway of the centre heralding the arrival of 32 pies courtesy of the Canadian Air Traffic Controller Association (CATCA). President Trump is refusing to approve a budget unless it includes funds for a wall along the Mexican border. About 800,000 federal workers missed paychecks on Friday amid the partial shutdown.
  • Huawei is reportedly under federal investigation by the U.S. Justice Department

    Huawei is reportedly under federal investigation by the U.S. Justice Department

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    During that time, three Huawei employees are said to have taken unsolicited photos of a T-Mobile robot (nicknamed "Tappy") that was used for quality control tests on smartphones . In August, Donald Trump signed legislation banning government agencies from using services from Huawei and ZTE, among other Chinese entities. A bipartisan group of USA lawmakers introduced bills on Wednesday that would ban the sale of United States chips or other components to Huawei Technologies Co Ltd, ZTE ...
  • Huawei founder Ren Zhengfei denies firm poses spying risk

    Huawei founder Ren Zhengfei denies firm poses spying risk

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    The paper quotes Ren as saying that Huawei has never been asked to provide improper information to any government. Ren said he loved his country and was a member of the communist party. "He dares to massively cut tax, which will benefit. business", he added . Huawei's 74-year-old founder also praised President Trump as a "great president" - despite being blocked from selling its equipment to the USA for many years.
  • May day! British MPs overwhelmingly reject Brexit deal

    May day! British MPs overwhelmingly reject Brexit deal

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    He said: "EU staff make up just five per cent of the total NHS workforce, but the proportion is much higher in my constituency: as many as 12.8 per cent of employees at the Royal Berkshire Hospital are from the European Union ". If the United Kingdom applied to rejoin after the Article 50 deadline has passed, it would have to go through a lengthy accession process which would nearly certainly involve giving up the rebate negotiated by Margaret Thatcher, as well as opt-outs in areas such as ...
  • Cadillac Releases a Teaser of Its First Full Electric Vehicle

    Cadillac Releases a Teaser of Its First Full Electric Vehicle

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    With five-inch diameter exhaust pipes and a 700-horsepower engine, the vehicle runs counter to the forward-thinking image of electric cars and low emissions that Ford attempts to convey. Overall, Cadillac will introduce new models at the rate of roughly one every six months through 2021. But, other body styles will follow this crossover, and in short succession too - aforementioned flexibility means each future EV will have a short design and development time.
  • USA brands China’s death sentence against Canadian ‘politically motivated’

    USA brands China’s death sentence against Canadian ‘politically motivated’

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    Ottawa has asked Beijing to spare the life of its citizen, Robert Lloyd Schellenberg, who was sentenced to death by a Chinese court for smuggling a large volume of drugs into the country. The dispute between China and Canada has rattled the foreign diplomatic community in Beijing, particularly United States allies, which see their citizens could be put in a similar position in the future.
  • May's government survives no confidence vote

    May's government survives no confidence vote

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    Giving her reaction to the result, Mrs May told MPs she would "continue to work to deliver on the solemn promise to the people of this country to deliver on the result of the referendum and leave the European Union ". "If we can't secure that in parliament, Jeremy will make the call not if we have a no confidence vote in the government, but when". "The responsibility of each and every one of us at this moment is profound, for this is a historic decision that will set the future of our ...
  • VW, Ford announce global alliance for pickups, electric exploration

    VW, Ford announce global alliance for pickups, electric exploration

    Markets

    The alliance would be the largest of its kind in the industry and comes as both companies have struggled. The first project that the Ford and Volkswagen alliance will yield is a medium-sized pickup truck. Although not releasing any numbers, Volkswagen predicts this market will grow significantly over the next five years. VW, based in Wolfsburg, Germany, said on Monday it will spend spend US$800 million to expand its only USA vehicle assembly site in Tennessee to produce ...
  • Mitch McConnell Blocks Government Spending Bill And Blames Democrats for the Shutdown

    Mitch McConnell Blocks Government Spending Bill And Blames Democrats for the Shutdown

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    Baker said there are 47,000 federal workers who live in MA and thousands more federal contractors who are going without pay because politicians in Washington can't reach a government funding agreement. Fifty-three percent in a January 8 to 11 ABC News-Washington Post poll found Trump and Republicans are largely responsible for the shutdown. "Unfortunately, no Democrats will attend", Sanders said in the release.
  • Explaining the border ‘backstop’ that halted Brexit deal

    Explaining the border ‘backstop’ that halted Brexit deal

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    Jean-Claude Juncker, president of the European Commission, believed the rejected deal is a fair compromise and the best possible deal, warning that "time is nearly up" and urging the Britain to "clarify its intentions as soon as possible". Even before Tuesday's defeat, the largest in living memory, the timetable for an orderly Brexit was tight. "The second option, they tell us - in my view, that's what they'll do, I know them a bit - "we'll try to improve what we can get from the Europeans ...
  • Trump Waves Off Ocasio-Cortez Question: ‘Who Cares? Geez’

    Trump Waves Off Ocasio-Cortez Question: ‘Who Cares? Geez’

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    Ocasio-Cortez, a rising star in the Democratic Party who identifies as a democratic socialist, shunned corporate campaign donations during her run for office and has criticized Democrats for supporting deregulation. "We got under his skin", she added. "I bartended for *years* in New York City", the congresswoman wrote in a tweet. "She just takes us back to the big-spending, big-taxing Democratic Party, and the Democratic Party is not going to succeed that way", he said.
  • China's United States trade surplus hit record in 2018 but tariffs bite

    China's United States trade surplus hit record in 2018 but tariffs bite

    Markets

    The on-going conflict between the USA and China over trade, together with a slowdown in China's domestic economy, has already begun to affect some United States companies that rely on China for parts and labour. Both imports and exports fell radically in December, by 7.6 percent and 4.4 percent respectively, signalling a cooling of trade in the final month of 2018 that may have increased the overall annual surplus substantially.
  • Trump misfires, tweets American Farm Bureau speech in wrong city

    Trump misfires, tweets American Farm Bureau speech in wrong city

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    The visit comes as the government remains partially shuttered , with Trump and Democrats at an impasse over funding for a wall the president wants to be built along the U.S. The cowboy-hat-wearing rancher then directed his message to Democratic House Leader Nancy Pelosi. He criticized Democrats for refusing to fund the wall.