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The U.S. Food and Drug Administration recently sent more than 1,300 warning letters and fined U.S. retailers for selling e-cigarette products to minors. Gottlieb said the agency could also target "cartridge-based products" such as the USB-sized Juul, which is favored by teens and sold in convenience stores.
  • Chaos as Gatwick airport uses whiteboards after digital departure screens fail

    Chaos as Gatwick airport uses whiteboards after digital departure screens fail

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    He added that a " handful of people have missed their flights" as a result of the problem. Whiteboards are being used to display flight information at Gatwick airport after an IT failure. "Thank goodness I have eagle-vision and can read messy writing from a distance", she said. "Gatwick would like to apologise to any passengers affected and expects Vodafone to resolve the issue as quickly as possible".
  • Turkey's President Erdogan vows to challenge economic threats

    Turkey's President Erdogan vows to challenge economic threats

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    Turkey, meanwhile, is frustrated by the refusal of the U.S.to extradite a Pennsylvania-based Muslim cleric accused by Turkish authorities of engineering the coup attempt. The United States has already imposed sanctions on two Turkish government ministers and doubled tariffs on Turkish steel and aluminum imports. It estimates Turkey's short-term external debt at $180 billion and total external debt at $460 billion - the highest in emerging markets.
  • Trump warns Turkey: ‘We are not going to take it sitting down’

    Trump warns Turkey: ‘We are not going to take it sitting down’

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    Brunson, an evangelical preacher from North Carolina, is now under house arrest in Izmir. The Middle East Eye reported that Turkish diplomats are ready to comply - but want something in return. "Turkey will emerge stronger from these (currency) fluctuations", Albayrak was quoted by state-run TRT television as saying during the conference call .
  • Asian stocks hit one-year low amid Turkey woes, bearish China equities

    Asian stocks hit one-year low amid Turkey woes, bearish China equities

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    Stocks were weaker in most major Asian markets Wednesday, with Turkey's financial crisis showing little sign of abating as Ankara hiked tariffs on several USA goods in a tit-for-tat move. The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies. The Turkish lira has lost more than 45 percent of its value this year.
  • Tesla board forms independent group to explore going private

    Tesla board forms independent group to explore going private

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    Goldman Sachs has always been a key adviser to Tesla, but the apparent involvement of Silver Lake , best known as a private-equity firm specializing in tech investments, is striking. The chief executive of the electric vehicle company said earlier on Monday that the manager of Saudi Arabia's sovereign wealth fund had voiced support for the company going private several times , including as recently as two weeks ago, but also said that talks continue with the fund and other investors.
  • US tariff hike on Turkey fails to make economic sense

    US tariff hike on Turkey fails to make economic sense

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    Trump and Secretary of State Mike Pompeo have repeatedly called for his release, while Erdogan has said the US should respect Turkey's judicial process. Inflation increased 16 percent in July, and Erdogan has insisted that interest rates not increase. Graham called Turkey's case against Brunson a "sham".
  • Turkey is 'target of economic war', Turkish president says

    Turkey is 'target of economic war', Turkish president says

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    The White House said the newly imposed sanctions would take effect from August 13. Turkey and the USA have disagreed on a number of issues since Trump came into office, including Washington's support of Kurdish groups in neighbouring Syria and its refusal to extradite Fethullah Gülen, the cleric Erdogan claims is behind the botched attempt to unseat him.
  • Global Stocks Drop Amid Concerns About Turkey

    Global Stocks Drop Amid Concerns About Turkey

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    Riley FBR in NY. Microchip Technology shares fell 10.9 per cent after a disappointing second-quarter revenue forecast. Markets in Europe were also turbulent with Germany's DAX falling two percent, French CAC 40 falling nearly two percent, and Britain's FTSE 100 declining 0.8 percent.
  • Trump doubles steel & aluminum tariffs on Turkey

    Trump doubles steel & aluminum tariffs on Turkey

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    He did not offer an explanation for the tariff hike, which raises the tariffs to 20 percent on aluminum and 50 percent on steel, though there are a couple of possibilities. We are working hard. The Russian ruble this week plummeted to its lowest level against the dollar since 2016 as the United States said it was imposing more sanctions on Moscow over a chemical attack in the UK earlier this year.
  • German firms bend to U.S. sanctions, cutting ties to Iran

    German firms bend to U.S. sanctions, cutting ties to Iran

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    The German government said US sanctions against Iran that have an extra-territorial effect violate worldwide law, and Germany expects Washington to consider European interests when coming up with such sanctions. Recorded Future's Moriuchi anticipated that businesses most at risk were those victimized in Iranian cyberattacks between 2012 and 2014 - they include banks and financial services, government departments, critical infrastructure providers, and oil and energy.
  • Elon Musk says taking Tesla private is 'best path forward'

    Elon Musk says taking Tesla private is 'best path forward'

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    The disclosure initially raised questions whether the eccentric Musk was joking, but he then amplified on his plan in a subsequent tweet that said he meant to create a special fund that would allow all current Tesla shareholders to retain a stake in the vehicle maker if they want.
  • Apple at $1 Trillion: By 2019, Apple May Be Worth $1.4 Trillion

    Apple at $1 Trillion: By 2019, Apple May Be Worth $1.4 Trillion

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    He launched the iPhone in 2007, dropping "Computer" from Apple's name and super-charging the cellphone industry, catching Microsoft Corp MSFT .O , Intel Corp INTC.O , Samsung Electronics Co Ltd 005930.KS and Nokia off guard. The milestone also means that Apple is worth more than just about any country on the planet, there are only 16 that it is worth less than. Apple on the other hand is the first non-state-owned company to reach this stratospheric valuation on its own merits ...
  • Harley-Davidson unveils $825M global growth initiative

    Harley-Davidson unveils $825M global growth initiative

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    First, the company announced that "a new modular 500cc to 1250cc middleweight platform" spanning three different segments and four displacements is on the way. The company isn't exactly leaving the land of fossil fuels behind though - out of 100 new bikes planned for release in the near future, the LiveWire plus two more affordable models to be released in 2021-22 are planned.
  • Facebook CEO Zuckerberg loses $16b in 5 minutes

    Facebook CEO Zuckerberg loses $16b in 5 minutes

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    But there's also been a notable slowdown in user growth. Mr. Zuckerberg will be able to take comfort from the fact that Apple is now valued at more than three times the amount it was after its $60bn blip while Exxon is trading around 30 per cent up on its price in October 2008.
  • Trump Threatens Sanctions against Turkey over American Pastor

    Trump Threatens Sanctions against Turkey over American Pastor

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    President Donald Trump threatened North Atlantic Treaty Organisation ally Turkey with "large" economic sanctions Thursday unless detained American Pastor Andrew Brunson is freed. A spokesman for Turkish President Tayyip Erdogan called Washington's threats unacceptable and damaging to the U.S. -Turkey alliance. Gülen denies any involvement in the coup .
  • US and European Union agree to work on trade barriers

    US and European Union agree to work on trade barriers

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    Trump has said current trade policy disadvantages US farmers and manufacturers, and supporters say USA tariffs slapped on billions of dollars of imports are a necessary step to negotiate better deals. The money comes from the Commodity Credit Corporation, a USDA agency founded in 1933. It has authority to borrow up to $30 billion from the Treasury at any one time to "stabilize, support, and protect farm income and prices".
  • China’s leader criticizes United States tariffs

    China’s leader criticizes United States tariffs

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    Both the United States and European Union drop all Tariffs, Barriers and Subsidies! Although the aid package acknowledges the problems tariffs have created for American farmers, President Trump appeared unlikely to end the ever-escalating trade war .
  • Trump set to raise tariffs on China to $500B

    Trump set to raise tariffs on China to $500B

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    USA automakers, dealers and suppliers remained united in opposition to the president's tariffs for fear it would drive prices up. The US economy has so far proven resilient to Mr Trump's threat of taking a trade conflict to the next level.
  • Google hit with record 4.3 billion-euro fine

    Google hit with record 4.3 billion-euro fine

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    Google will account for a third of all global mobile ads in 2018, according to research firm eMarketer, giving the company around $40 billion in sales outside the U.S. Google CEO Sundar Pichai immediately released a statement on Wednesday following the decision. The bundle contains 11 apps, including YouTube, Maps and Gmail, but regulators focused on three that had the biggest market share: Google Search, Chrome and the company's app store, called Play Store.
  • A whopping $5 billion

    A whopping $5 billion

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    As for Google Search, Android users wouldn't necessarily have built-in native access to things like Google Assistant artificial intelligence (AI) voice assistant or the Google Search bar that often comes pre-installed on an Android phone's home screen.
  • Elon Musk makes unfounded accusation against Thai cave rescuer

    Elon Musk makes unfounded accusation against Thai cave rescuer

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    Musk, famous for founding Tesla and SpaceX , had originally involved himself in the rescue operation by building a mini-submarine he had hoped would save the children. When asked about whether he'd sue, he said "If it's what I think it is yes". "It's not finished", he told Australian network Channel 7 . Vernon Unsworth, a caver based in Thailand, provided knowledge of the Tham Luang cave system, which helped in the rescue.
  • Tesla loses USA subsidies as it hits 200,000 sales mark

    Tesla loses USA subsidies as it hits 200,000 sales mark

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    Tesla has also started changing its strategy for the Model 3. In response to this reproach Elon Musk wrote in his Twitter that Norwegians have every right to be upset with Tesla, however, the construction of service network and the launch of the mobile fix crews are delayed due to the fact that the government does not provide the appropriate permits for this activity.
  • Mexico elections center on disgust with corruption, violence

    Mexico elections center on disgust with corruption, violence

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    Much remains to be determined about how Lopez Obrador's often nebulous campaign proposals will manifest themselves in government. "We are not going to fight". Lopez Obrador won thanks to overwhelming anger at the status quo and his success at presenting himself as an agent of change. Mexican presidents are limited by law to a single term.
  • Is Donald Trump on a relentless quest to corner Iran?

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    The president, in an interview with Fox News' "Sunday Morning Futures with Maria Bartiromo", also said he would not complete a new NAFTA trade deal with Canada and Mexico until after the November congressional elections. Oil briefly touched $75 a barrell on Tuesday before retreating following the news of the Saudi government decision. Some key countries are reliant on Iranian oil imports, including India and Turkey.
  • Erdogan declares victory in historic Turkish elections

    Erdogan declares victory in historic Turkish elections

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    Erdogan also declared victory in the parliamentary election, saying that the alliance led by the AKP and the Nationalist Movement Party (MHP) had won a majority in parliament. They are expected to have 146 and 45 seats in parliament. "The AK Party got around 42 percent of the votes, while Erdogan got around 52 percent". As a long-time human rights activist, Paylan has been outspoken on issues of minority community rights, including the right of the Armenian community to hold unimpeded ...