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U.S., Apple ratchet up rhetoric in fight over encryption
February 21, 2016 by admin · Leave a Comment
By Dustin Volz and Julia Edwards WASHINGTON (Reuters) – The U.S. Department of Justice filed a motion on Friday seeking to compel Apple Inc to comply with a judge's order to unlock the encrypted iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's refusal as a “marketing strategy.” In response, a senior Apple executive, speaking with reporters on condition of anonymity, characterized the Justice Department&#…
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U.S., Apple ratchet up rhetoric in fight over encryption
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China removes stocks regulator head after market woes
February 21, 2016 by creative · Leave a Comment
By Adam Jourdan SHANGHAI (Reuters) – China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a top state banking executive as his replacement, as leaders move to restore confidence in the economy. The announcement on the official Xinhua news agency on Saturday follows a string of assurances from senior leaders following the Lunar New Year holiday that China…
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China removes stocks regulator head after market woes
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Obama to seek new tax on oil in budget proposal
February 4, 2016 by creative · Leave a Comment
U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday. The fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled Congress. In the last year of his presidency, Obama has said the country must stop subsidizing the “dirty” fossil fuels of the past and focus on…
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Obama to seek new tax on oil in budget proposal
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Toshiba to sell part of its chip operations: sources
January 23, 2016 by publisher · Leave a Comment
Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with
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Toshiba to sell part of its chip operations: sources
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IMF’s Lagarde says markets need clarity on China currency
January 23, 2016 by publisher · Leave a Comment
Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a…
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IMF’s Lagarde says markets need clarity on China currency
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Google to pay $185 million UK back taxes, critics want more
January 23, 2016 by creative · Leave a Comment
Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc , has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them. In 2013, the …
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Google to pay $185 million UK back taxes, critics want more
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Airlines to enjoy low fuel in 2016, costs under spotlight
January 18, 2016 by elegant · Leave a Comment
By Victoria Bryan and Conor Humphries DUBLIN (Reuters) – Airlines can look forward to continuing low oil prices for at least this year, helping to boost profits and drive demand for travel, but need to be wary …
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Airlines to enjoy low fuel in 2016, costs under spotlight
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Oil slumps below $28 to 2003 low as Iran sanctions lifted
January 18, 2016 by publisher · Leave a Comment
Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. Responding to Tehran's compliance with a nuclear deal, the …
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Oil slumps below $28 to 2003 low as Iran sanctions lifted
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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
January 12, 2016 by elegant · Leave a Comment
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…
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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
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How the oil collapse stole Russia’s Christmas
January 11, 2016 by elegant · Leave a Comment
LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies
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How the oil collapse stole Russia’s Christmas