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Honda Confirms Closure of UK Car Plant

Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker announced Monday that the Swindon plant will shut in two years, “at the end of the current model’s production life cycle.”   Honda makes its popular Civic model at the factory, 70 miles (115 kms) west …

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US Expects China Tariff Retaliation

The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told “Fox News Sunday” that “both sides will suffer” from the escalating trade war between the U.S. …

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US Expects China Tariff Retaliation

The U.S. said Sunday it expects that China will retaliate with increased tariffs on U.S. exports after President Donald Trump sharply boosted levies on Chinese products headed to the United States. Chief White House economic adviser Larry Kudlow told “Fox News Sunday” that “both sides will suffer” from the escalating trade war between the U.S. …

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Trump Has Long Seen Previous US Trade Agreements as Losers

President Donald Trump’s combative approach to trade has been one of the constants among his often-shifting political views. And he’s showing no signs of backing off now, even as the stakes intensify with the threat of a full-blown trade war between the world’s two biggest economies.      The president went after China on Day 1 …

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AP Fact Check: Trump’s Tweets on Trade Battle With China 

President Donald Trump let loose with a morning round of tweets Friday that downplayed the possible consequences of his trade war with China.        Trump minimized the worth of China’s purchases of U.S. goods and services, which support nearly 1 million jobs in the U.S.; misstated the trade deficit; and ignored the inevitable rise in …

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Your Uber Has Arrived, on Wall Street

With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday and investors waited to bet on a service with huge potential, but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public offering for $45 each, raising $8.1 …

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Your Uber Has Arrived, on Wall Street

With a ring of the opening bell, Uber began picking up passengers as a newly minted public company Friday and investors waited to bet on a service with huge potential, but a long way from turning a profit. Shares in the ride-hailing giant were sold in an initial public offering for $45 each, raising $8.1 …

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Trump Tweets US Plan as Tariffs on Chinese Products Kick In

U.S. President Donald Trump sent a series of tweets Friday on the escalating trade war with China, as the U.S. increased tariffs from 10% to 25% on $200 billion worth of Chinese imports that China vows to retaliate to. “We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. …

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Trump Tweets US Plan as Tariffs on Chinese Products Kick In

U.S. President Donald Trump sent a series of tweets Friday on the escalating trade war with China, as the U.S. increased tariffs from 10% to 25% on $200 billion worth of Chinese imports that China vows to retaliate to. “We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. …

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World’s Top Business Group Joins Critics of Hong Kong Extradition Bill

The International Chamber of Commerce, the world’s largest business organization, has become the latest group to criticize a proposed change to Hong Kong law that would allow for criminal extradition to mainland China.  In a scathing letter issued to legislators Wednesday, the ICC questioned why Hong Kong is fast-tracking such significant changes to its legal …

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World’s Top Business Group Joins Critics of Hong Kong Extradition Bill

The International Chamber of Commerce, the world’s largest business organization, has become the latest group to criticize a proposed change to Hong Kong law that would allow for criminal extradition to mainland China.  In a scathing letter issued to legislators Wednesday, the ICC questioned why Hong Kong is fast-tracking such significant changes to its legal …

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Uber, Lyft Strike Latest Attempt to Organize Gig Workers

A strike by Uber and Lyft drivers in cities across the United States this week caused barely a ripple to passengers looking to catch a ride, highlighting the challenges in launching a labor movement from scratch in an industry that is by nature decentralized. Activists and others involved in the labor movement are still declaring …

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Uber, Lyft Strike Latest Attempt to Organize Gig Workers

A strike by Uber and Lyft drivers in cities across the United States this week caused barely a ripple to passengers looking to catch a ride, highlighting the challenges in launching a labor movement from scratch in an industry that is by nature decentralized. Activists and others involved in the labor movement are still declaring …

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Trump: Paperwork Started for New Tariffs on Chinese Products

U.S. and Chinese trade negotiators have ended the first of two days of talks aimed at saving a trade deal even as President Donald Trump said “We’re starting that paperwork today” for imposing new “very heavy tariffs” on Chinese products.” The United States is set to impose an increase in tariffs from 10% to 25% …

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Trump: Paperwork Started for New Tariffs on Chinese Products

U.S. and Chinese trade negotiators have ended the first of two days of talks aimed at saving a trade deal even as President Donald Trump said “We’re starting that paperwork today” for imposing new “very heavy tariffs” on Chinese products.” The United States is set to impose an increase in tariffs from 10% to 25% …

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Still Most Visited Place, Orlando Had 75 Million Visitors in 2018

Orlando, Florida, had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States Orlando had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States, tourism officials said Thursday. Orlando in 2018 had …

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Still Most Visited Place, Orlando Had 75 Million Visitors in 2018

Orlando, Florida, had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States Orlando had 75 million visitors last year as the theme park mecca continued to be the most visited destination in the United States, tourism officials said Thursday. Orlando in 2018 had …

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Trump Hails GM Plan to Invest $700 mn in Ohio, Sell Shuttered Plant

President Donald Trump said Wednesday U.S. automaker General Motors will invest $700 million in Ohio and create 450 jobs, selling one of its shuttered plants to a company that will produce electric trucks. “GREAT NEWS FOR OHIO!” Trump tweeted. Trump said he had talked to GM chief Mary Barra who told him of plans to …

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Trump Hails GM Plan to Invest $700 mn in Ohio, Sell Shuttered Plant

President Donald Trump said Wednesday U.S. automaker General Motors will invest $700 million in Ohio and create 450 jobs, selling one of its shuttered plants to a company that will produce electric trucks. “GREAT NEWS FOR OHIO!” Trump tweeted. Trump said he had talked to GM chief Mary Barra who told him of plans to …

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In the US, Death Is More Certain Than Taxes

In the U.S., there’s an old saying that there are only two things that are certain in life: death and taxes. But as it turns out, death is way more certain than taxes in the United States. Corporations and some wealthy individuals, including President Donald Trump, are able to legally avoid any federal taxation in …

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In the US, Death Is More Certain Than Taxes

In the U.S., there’s an old saying that there are only two things that are certain in life: death and taxes. But as it turns out, death is way more certain than taxes in the United States. Corporations and some wealthy individuals, including President Donald Trump, are able to legally avoid any federal taxation in …

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Vietnam Braces for Hard Landing Amid World Trade Tensions

If a rising tide lifts all boats, then Vietnam may find that there is a related saying in economics: when the tide goes out, you will see who was swimming naked. The Southeast Asian country has fared fairly well amid the trade frictions around the world, with its foreign investment and gross domestic product continuing …