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ProPublica 08 October 2018
A new investigation by Forbes magazine finds the president’s net worth has dropped significantly since he took office.   Nearly 20 years ago, Donald Trump told Fortune magazine that he could run for president and make money doing it.   “It’s very possible that I could be the...

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Arul Louis (IANS) 02 October 2018
United States President Donald Trump said on Monday that he has a "great" relationship with Prime Minister Narendra Modi who has told him that India is going to reduce substantially the tariffs on imports from the US.   He said that "tariff king" India on its own has reached out to...

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IANS 18 September 2018
US President Donald Trump has stepped up his trade battle with China by slapping 10 per cent tariffs on $200 billion worth of Chinese imports, which Beijing said it will retaliate against.   The new wave of tariffs will go into effect on September 24 and will climb to 25 per cent on...

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Allan Sloan (ProPublica) 12 September 2018
It came as a nasty surprise to almost everyone a decade ago when we found ourselves on the cusp of a worldwide financial collapse.   Most business journalists — including me — failed to see the 2008 disaster until it was almost upon us. But these days, predicting meltdowns has become...

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IANS 23 August 2018
The US and China implemented 25 per cent tariffs on USD16 billion worth of each other's goods on Thursday, ratcheting up the trade war between the world's two largest economies.   The latest trade escalation came as officials from both the countries met for tariff negotiations in...

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Riding on its AWS Cloud and advertising growth, Amazon posted a record profit of USD2.5 billion in the second quarter of 2018 -- an impressive jump from the USD197 million it posted in the same period last year.   Revenue grew 39 per cent year-over-year to $52.89 per cent while...

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Sumit Sharma 26 July 2018
Imran Khan is seen by many to have the cold business acumen of Donald Trump, strength of Vladimir Putin, charm of Emmanuel Macron; and the aggression and determination of Narendra Modi, especially with regard to its sibling neighbour.   Khan could be Pakistan’s new prime minister for...

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All the 12 boys and their football coach have been rescued from a flooded cave in northern Thailand after being trapped for 18 days, bringing an end to the ordeal that prompted a huge international rescue effort.   The coach was one of the last to be extricated from the cave on...

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President Donald Trump has ordered the start of imposing additional 10 per cent taxes on Chinese imports worth $200 billion, according to a statement by the US Trade Representative (USTR).   The new tariffs were adopted on Tuesday by the Trump administration in retaliation for...

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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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