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Commercial fishing covers half of global oceans: Study

Commercial fishing covers more than 55 percent of the ocean’s surface, a new study has revealed in a potentially worrying sign about the depletion of marine resources. Fish from the wild do not currently contribute a significant portion of human caloric consumption, but “the footprint of industrial fishing in the …

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Japan’s core Consumer Price Index rose 0.9% in January

Tomohiro Ohsumi | Bloomberg | Getty Images Shoppers and tourists walk through a shopping street in front of the Sensoji temple in Tokyo, Japan, on Thursday, Aug. 8, 2013. Japan’s core consumer prices rose 0.9 percent in January from a year earlier, government data showed on Friday. The core consumer …

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Explosive device thrown at US embassy building in Montenegro

Savo Prelevic | AFP | Getty Images Police block off the area around the U.S. embassy in Montengro’s capital, Podgorica. An unknown person threw an explosive device, probably a hand grenade, at the United States embassy building in Podgorica, the capital of Montenegro, before blowing himself up, the government said …

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tricky terrain for South Korea’s mega-conglomerates

Jean Chung | Bloomberg | Getty Images Jay Y. Lee, co-vice chairman of Samsung Electronics speaks to members of the media as he leaves the Seoul Detention Center in Uiwang, South Korea, on Feb. 5, 2018. For chaebols then, it’s likely a case of being caught between a rock and …

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South Korea has spent $220,000 on Kim Jong Un’s sister at Olympics

Getty Images Kim Yo Jong, sister of North Korean leader Kim Jong Un, arrives at the opening ceremony of the PyeongChang 2018 Winter Olympic Games at PyeongChang Olympic Stadium on February 9, 2018 in Pyeongchang-gun, South Korea. South Korea spent around 240 million won ($223,237) on the younger sister of …

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Here’s how traders talked themselves into a sell-off

Olivier Douliery | Bloomberg | Getty Images Jerome Powell, governor of the U.S. Federal Reserve and President Donald Trump’s nominee as chairman of the Federal Reserve, arrives to a nomination announcement in the Rose Garden of the White House in Washington, D.C., on Thursday, Nov. 2, 2017. What happened? It …

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This interest rate is back to levels it was at when Lehman failed

The two-year Treasury yield is the one to watch for Fed interest rate moves, and it’s been on the rise to a near-decade high — close to the level it reached around the time Lehman Brothers failed. The Federal Reserve has been moving to normalize interest rates, boosting them five …

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A major misconception about the market exposed in one chart

There’s one chart that could cast doubt on an age-old market adage. As Treasury yields hover around multiyear highs with the 10-year inching toward the 3 percent mark, Oppenheimer technician Ari Wald says that history shows that rising rates are actually bullish for the market. A more common belief is …

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I did not scam my way into the games

Mike Blake | Reuters Elizabeth Marian Swaney from Hungary competes in the Women’s Ski Halfpipe Qualifications in Pyeongchang, South Korea, February 19, 2018. Hungarian freeskier Elizabeth Swaney, under heavy criticism about her qualifications to even compete in the Winter Games, told CNBC on Wednesday she was “striving to achieve” the …

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South Africa raises VAT for the first time in 25 years

Moeletsi Mabe | Sunday Times | Gallo Images | Getty Images South African President Cyril Ramaphosa and Finance Minister Malusi Gigaba during a pre-World Economic Forum briefing on January 18, 2018, in Johannesburg, South Africa. South Africa is to increase its value added tax (VAT) for the first time in …

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