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Economy

After raising interest rates by 175 basis points in 2018 to stem an emerging-market rout, Bank Indonesia has proceeded cautiously this year to avoid destabilizing the currency. Heightening the tensions is Tokyo's recent decision to restrict exports of high-tech materials to Korea, which Korea believes is a retaliatory measure in protest of the Supreme Court's rulings .
  • Clashes break out as Hong Kong protesters escalate fight in suburbs

    Clashes break out as Hong Kong protesters escalate fight in suburbs

    Economy

    The New Town Plaza said in a statement that it did not make a police report and that no mall employees assisted law enforcement. Lam said police and prosecutors will press charges following investigations. Mr Lam added that it was evident from yesterday's clashes that the police deployed there did not have adequate protection gear and questioned the sense in having them engage protesters at close quarters.
  • Symmantec and Broadcom end deal talks

    Symmantec and Broadcom end deal talks

    Economy

    Symantec and Broadcom have ceased deal negotiations because Symantec would not accept less than $28 a share, according to CNBC . Symantec shares fell as much as 15% to $21.70. Broadcom is seeking to diversify further into software after acquiring CA Inc for nearly US$19 billion past year. Not every deal that Tan has worked on, however, has worked out for Broadcom.
  • $5 billion US fine set for Facebook on privacy probe

    $5 billion US fine set for Facebook on privacy probe

    Economy

    This settlement is supposed to resolve the Justice Department's investigation into Facebook following the Cambridge Analytica scandal . Facebook shares rose nearly 2 per cent after the settlement was first reported , closing at $204.87 each.
  • Fed Signals July Rate Cut

    Fed Signals July Rate Cut

    Economy

    In his testimony to Congress, Powell pointed to "broad" global weakness that was clouding the US economic outlook amid uncertainty about the fallout from the Trump administration's trade conflict with China and other nations. Many investors have put the odds of a rate cut this month at 100%. The Fed's benchmark rate now stands in a range of 2.25% to 2.5% after the central bank raised rates four times past year.
  • The Echo Dot is down to $22 / £22 for Prime Day 2019

    The Echo Dot is down to $22 / £22 for Prime Day 2019

    Economy

    I've been a Prime subscriber for many years, and even though Amazon keeps raising the price, it's still an incredible deal. Whether you are looking for a new iPhone case, want to stock up on a bunch Nintendo Switch titles (or actually buy a Nintendo Switch, finally), or are hoping to upgrade your analog house into a smart home, Prime Day is the best time of the year in the middle of the year to find what you need for less.
  • Barry officially upgraded to hurricane as it nears landfall

    Barry officially upgraded to hurricane as it nears landfall

    Economy

    On Saturday , Tropical Storm Barry was upgraded to a Category 1 hurricane with maximum sustained winds of 75 miles per hour as it churns off the Louisiana coastline. More than 70,000 to 100,000 customers have been left without power throughout the Terrabonne, Assumption, East Baton Rouge , Jefferson, and Lafourch parishes according to Entergy Louisiana.
  • 'Bitcoin not money': Donald Trump slams cryptocurrencies

    'Bitcoin not money': Donald Trump slams cryptocurrencies

    Economy

    Senate Banking Committee and the House Financial Services Committee next week. "Whatever Bitcoin morphs into, and however the broader crypto environment evolves, it's the future and in criticizing Libra and Bitcoin President Trump has given digital currencies the supreme validation they needed".
  • At least 35 injured from turbulence on Air Canada flight

    At least 35 injured from turbulence on Air Canada flight

    Economy

    Emergency workers assist passengers of Air Canada AC 33 flight, which diverted to Hawaii after turbulence, at Honolulu airport, Hawaii. Honolulu Emergency Services Department spokeswoman Shayne Enright said injuries included cuts, bumps, bruises, neck pain and back pain.
  • House Dem Rips AOC and Her Staff for Their 'Ignorance'

    House Dem Rips AOC and Her Staff for Their 'Ignorance'

    Economy

    He called those making the claims "ignorant" of racial history. Ocasio-Cortez said Wednesday that Speaker Pelosi was not only "outright disrespectful" to the new lawmakers, but suggested the criticism was racist. Two members of the coalition are African American lawmakers who lived through segregation. He is again facing a challenger in the primary for 2020. "Can we just talk about the issues we're dealing with?" Those comments enraged moderates and members of the Congressional Black ...