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The Spanish risk premium has shot up on Friday and the Spanish stock market index dropped after the parliament of Spain's northeastern region of Catalonia unilaterally declared independence.   The Spanish risk premium climbed to 120 points, rising from 111 points in early trading to...

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Leading cab aggregator Ola on Wednesday said it raised $1.1 billion (Rs.7,150 crore) in latest funding round from venture firms led by Tencent Holdings Ltd, a leading Chinese internet firm.   "Our investors like SoftBank and other US-based financial investors have participated in this...

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Three American scientists have won the 2017 Nobel Prize in Physiology or Medicine for unravelling secrets of how the body's internal clock or circadian rhythm works -- a discovery that will help doctors understand the mechanism behind sleep patterns, hormone release, blood pressure and body...

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At least 50 people were killed and more than 200 injured in a mass shooting at a country music concert here. The lone attacker was later killed by the police.   Las Vegas Metro Police Sheriff Joseph Lombardo confirmed the death toll in the attack at the city's Route 91 Harvest...

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Catastrophic and life-threatening flooding continued in Texas, forcing residents of the US city to flee their homes in anticipation of several more days of "unprecedented" rainfall.   In the aftermath of Hurricane Harvey, Houston and an ever-expanding swath of cities and towns in the...

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Two hundred Indian students of the University of Houston have been marooned in floods in the wake of tropical storm Harvey causing heavy rains and flooding in America's fourth largest city. Two Indian students are in the intensive care unit (ICU) of a hospital, External Affairs Minister...

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China will launch the world's fastest train in September which will shorten the travel time between Beijing and Shanghai by more than an hour, authorities said on Monday.   According to the China Railway Corporation, after several successful test runs, the train, called "Fuxing"...

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The wings of two aircraft collided at the IGI airport here early Wednesday morning but there were no casualties. More than 190 passengers and crew were reported to be safe.   According to airport sources, the incident took place around 2.30 a.m. when the wing of an Ethiopian Airlines'...

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While overall global smartphone shipments grew 3 per cent Year-over-Year (YoY) reaching 365 million units in the second quarter of 2017, Chinese brands have emerged as the dominant force, making a dent in Apple's market share, a report said on Wednesday.   According to the market...

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Responding to the Securities and Exchange Commission (SEC) as to why Twitter is hiding its daily active user (DAU) growth, the company said "the absolute number of DAUs is less important than the percentage change in DAUs".   In a correspondence between the company and SEC, Twitter...

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The Pakistan Supreme Court on Friday unanimously disqualified Prime Minister Nawaz Sharif for life from his post after an investigative panel found his family's wealth was far above their earnings in the Panama Papers case. The top court also ordered criminal cases be opened against...

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Donald Trump Jr., President Donald Trump's eldest son, on Tuesday released the email chain relating to his meeting with a Russian attorney who allegedly promised to provide incriminating information about Democratic presidential candidate Hillary Clinton.   In one email, publicist Rob...

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The computer virus that is affecting companies and institutions around the world is a new variant of ransomware called Nyetya -- WannaCry's bad cousin -- according to networking and security major Cisco.   The new cyber attack started massively affecting dozens of companies and...

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The automatic radiation monitoring system at the Chernobyl nuclear power plant here has been hit by a cyber attack and monitoring was being carried out manually, a Ukrainian federal agency said.   "Due to the temporary disconnection of the Windows system, the radiation monitoring in...

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The White House did not host a traditional Iftar dinner to commemorate Ramadan, the Islamic holy month of fasting, for the first time in nearly two decades, a media report said on Monday.   Despite events held by previous administrations, this year's Ramadan passed nearly unobserved...

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Rajendra Shende (IANS) 16 June 2017
"Tear down this wall," Ronald Reagan, former Republican President of the US, challenged Mikhail Gorbachev in his speech at Brandenburg Gate, in Germany, exactly this week of June in 1987.   Reagan was speaking next to the iconic Berlin wall. He was referring not only to the brick and...

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Amit Kapoor (IANS) 13 June 2017
Twice in two weeks the US has taken steps that will have dire repercussions on a global scale.   First, it was the US withdrawal from the Paris Climate Agreement, the effects of which can only be catastrophic. More recently, the US House of Representatives passed an act to roll back...

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Saudi Arabia, Egypt, Yemen, Bahrain and the United Arab Emirates (UAE) on Monday announced they were severing diplomatic ties with Qatar, and accused the Gulf state of supporting terror groups, including the Muslim Brotherhood.   The Saudi Press Agency (SPA) said Riyadh severed its...

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The US President Donald Trump on Thursday announced the US is withdrawing from the Paris Climate Agreement due to the "draconian financial and economic burdens" the agreement imposes on his country.   "As of today, the US will cease all implementation of the non-binding Paris accord,...

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The US Federal Reserve has announced a penalty of USD 41 million on the US operations of Deutsche Bank for its deficiencies in anti-money laundering program.   "The (Federal Reserve) Board identified failures by Deutsche Bank's US banking operations to maintain an effective program to...

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