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Monthly Archives: May 2018

Leaders of two Koreas hold surprise meeting as Trump revives hopes of summit with North

Korea Summit Press | Reuters South Korean President Moon Jae-in shakes hands with North Korean leader Kim Jong Un during their meeting at the Peace House at the truce village of Panmunjom inside the demilitarized zone separating the two Koreas, South Korea, April 27, 2018. South Korean President Moon Jae-in …

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Tesla hires new chief financial officer for China

VCG | Getty Images Elon Musk, Chairman, CEO and Product Architect of Tesla Motors, addresses a press conference to declare that the Tesla Motors releases v7.0 System in China on a limited basis for its Model S, which will enable self-driving features such as Autosteer for a select group of …

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Ebola outbreak could spread through these flight patterns, group says

Kenny Katombe | Reuters A World Health Organization (WHO) worker administers a vaccination during the launch of a campaign aimed at beating an outbreak of Ebola in the port city of Mbandaka, Democratic Republic of Congo May 21, 2018. An Ebola outbreak is emerging in the Democratic Republic of Congo, …

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Trump administration is telling Congress it has an agreement to save China’s ZTE: New York Times

Lluis Gene | AFP | Getty Images People walk in front of the ZTE stand at the Mobile World Congress on February 27, 2018 in Barcelona. President Donald Trump’s administration is telling Congress it has come to an agreement to boost Chinese telecommunications company ZTE, The New York Times reported, …

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Roku shares jump after short-seller Citron reverses negative call

Brendan McDermid | Reuters People pass by a video sign display with the logo for Roku Inc, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, U.S., September 28, 2017. Shares of Roku spiked Friday after short-seller Citron Research said it is reversing …

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Ramaphosa says state-owned firms to re-invest billions

Rajesh Jantilal | AFP | Getty Images South Africa’s President Cyril Ramaphosa (second left) speaks with workers during a visit to a Volvo assembly plant in Durban on May 19, 2018. According to Ben Payton, head of Africa at risk analysis firm Verisk Maplecroft, the speech signified Ramaphosa’s most important …

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Oil prices are plunging as Russians and Saudis rethink output caps

Oil prices fell sharply on Friday after Russia’s oil minister said a group of two dozen producer nations could soon begin easing the production limits they put in place last year to drain a global crude glut. Russian Energy Minister Alexander Novak met with his Saudi counterpart, Khalid Falih, met …

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Foot Locker shares are jumping 15% after a blowout earnings report

Patrick T. Fallon | Bloomberg | Getty Images Shoppers and pedestrians pass in front of a Foot Locker store on the Third Street Promenade in Santa Monica, California. Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations. The stock rallied …

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Turkey’s leadership tries to regain investor confidence in its monetary policy

Alkis Konstantinidis | Reuters Turkish President Tayyip Erdogan greets his supporters as he leaves a polling station in Istanbul, Turkey April 16, 2017. Turkey may have made a long overdue move to raise interest rates in an attempt to rescue its plummeting national currency, but investors are still in doubt …

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Wesfarmers’ two-year UK foray ends with sale of troubled home improvement chain

Chris Ratcliffe | Bloomberg | Getty Images A customer leaves a Homebase store, part of Home Retail Group Plc, in Sevenoaks, U.K., on Wednesday, Jan. 6, 2016. U.K. grocer J Sainsbury Plc plans to buy Walmart Inc.s Asda in a 7.3 billion-pound ($10 billion) deal that would transform the countrys …

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