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Economy

Dozens of people were also injured, as drivers tried to get around stoppages, after protestors in a grassroots protest movement dubbed the "yellow vests" took to motorway sliproads, tunnel entrances or airport access roads. The diesel tax increases, created to encourage drivers to switch to more environmentally-friendly cars, were approved in late 2017 but began to bite when oil prices surged in October, angering some in the provinces who rely on their cars to get to work.
  • Oman oil minister says majority of OPEC and its allies support cut

    Economy

    The swift change in rhetoric follows signs of weaker demand and growing supply, the classic combination that served a blow to bullish traders, with benchmarks slipping into a bear market inside a month. "We hope that markets will calm down". But Russia appears to need more convincing that it should be cutting production again. He said the committee were reviewing the market and would draw up a plan to deal with the prospect of higher supply in 2019.
  • Alibaba Singles' Day sales hit $10 billion in first hour

    Alibaba Singles' Day sales hit $10 billion in first hour

    Economy

    China's Singles' Day sales on TMall hit 10 billion yuan (about 1.44 billion USA dollars) at just two minutes and five seconds after midnight on Sunday. This year, the company surpassed last year's full-day sales record of 168 billion yuan in just under sixteen hours. "It's when retailers use the best products and best prices to show their gratitude to our consumers".
  • Indonesia’s Lion Air plane crashes into pole in new accident

    Indonesia’s Lion Air plane crashes into pole in new accident

    Economy

    The agency said the order was effective immediately and applies to almost 250 aircraft worldwide, including 45 in the United States operated by carriers including Southwest Airlines Co, United Airlines, and American Airlines Group Inc. "Uncommanded" means an action that isn't initiated by the pilots-that is, an action taken independently by aircraft systems (the stabilizer trim system, in this case).
  • MI becomes first Midwest state to legalize recreational marijuana

    MI becomes first Midwest state to legalize recreational marijuana

    Economy

    At some point, Congress will have to officially recognize what's going on by reconciling federal law, which still prohibits marijuana in any form for any goal, with state laws that tolerate medical or recreational use. Several states were added to the growing list of legal places to smoke marijuana. MI became the 10th USA state - and first in the Midwest - to legalize recreational pot.
  • Amazon to split HQ2 between two cities; Dallas among finalists

    Amazon to split HQ2 between two cities; Dallas among finalists

    Economy

    Amazon declined to comment when asked about the status of HQ2 negotiations, why it is reportedly splitting it to two locations and the criticism over the potential picks. He also was "puzzled by the idea of picking one location and growing it to 50,000 people". And losing HQ2 isn't a awful thing for Boston - for many reasons.
  • Apple declares iPhone 5 obsolete six years after launch

    Apple declares iPhone 5 obsolete six years after launch

    Economy

    The company's net income for the quarter was $14.13 billion compared to $10.71 billion a year ago. At that event, the Apple boss was bullish on the future of the iPad , but the latest figures show tablet sales for the firm were down 6% on this time a year ago, with revenue down 15%.
  • Google workers walkout planned worldwide

    Google workers walkout planned worldwide

    Economy

    Staff in Singapore, Zurich, London, Tokyo, Berlin and NY were among those taking part. One notable figure at the centre of sexual misconduct allegations was Andy Rubin creator of Android, who reportedly received a $90 million exit package .
  • Trump says will meet China's Xi as trade talks 'move along'

    Trump says will meet China's Xi as trade talks 'move along'

    Economy

    The president's comments reflect the party's commitment to improved conditions for entrepreneurs is "vitally important", said economist Lu Zhengwei of Industrial Bank. His comments came a day after US Secretary of State Mike Pompeo said China should "behave like a normal nation on commerce and with respect to the rules of worldwide law".