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The data watchdog has said it would be making inquiries into the incident. British Airways was forced to apologise on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the worst ever attack on its website and app.
  • NAFTA negotiations continue in Washington as Friday goal nears

    NAFTA negotiations continue in Washington as Friday goal nears

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    It was her first in-person NAFTA meeting with Lighthizer since the spring. Freeland told reporters after the meeting she and her team plan to work this week in "a full-steam effort" and said both parties will start diving into specific issues Wednesday morning.
  • Whitbread to sell Costa Coffee to Coca-Cola for £3.9bn

    Whitbread to sell Costa Coffee to Coca-Cola for £3.9bn

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    Coca-Cola Co (KO.N) has agreed to buy the world's second largest coffee chain Costa from Britain's Whitbread Plc (WTB.L) for $5.1 billion including debt, opening a new front in its push into healthier markets. After missing out on the heady growth phase of coffee shops, Coca-Cola is entering when the market in countries like the United Kingdom and the U.S.is crowded.
  • Chidambaram slams govt after RBI says 99.3% demonetised notes returned

    Chidambaram slams govt after RBI says 99.3% demonetised notes returned

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    The total value of SBNs in circulation as on November 8th, 2016 was 15417.93 Billion which means almost all (99.15%) banned notes were deposited back indicating that the Demonetization is a big failure. The remaining fake notes were detected by the regular banks. The RBI's annual report, however, indicates that demonetisation has not made a huge dent in this regard, as the proportion of high-value notes is marginally lower now than what it was pre-demonetisation.
  • Tesla shares dip 3 percent after Musk abandons buyout

    Tesla shares dip 3 percent after Musk abandons buyout

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    Shares fell by as much as 5pc in pre-market trading, and were down around 3pc on Monday morning in the US. In a blog post Friday, the billionaire entrepreneur declared "most of Tesla's existing shareholders believe we are better of as a public company".
  • President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

    President Trump Announces United States-Mexico Trade Agreement — NAFTA No More

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    He said that talks with Canada will begin soon and that teh country could join the agreement or sign their own bilateral deal with America depending on what was agreed. "One way or another we'll have a deal with Canada". But I think we'll give them a chance to have a separate deal. Trump also called the deal that involved two-thirds of the original members of NAFTA "one of the largest trade deals ever made".
  • Oil rises as U.S. inventories fall

    Oil rises as U.S. inventories fall

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    Saudi Arabia told Opec it cut supply in July, rather than increasing output as expected. Concerns that an escalating trade war between China and the US could slow economic growth and weigh on crude purchases eased slightly after sources told Reuters that China's Unipec will resume purchases of USA crude oil in October, after a two-month halt due to the fight.
  • Malcolm Turnbull falls victim to his pugnacious predecessor

    Malcolm Turnbull falls victim to his pugnacious predecessor

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    As Prime Minister Malcolm Turnbull's front bench deserted him and things reached fever pitch, Mr Dutton fired off a tweet which has now gone viral. Turnbull said if he received a letter requesting a new vote with the signatures of 43 Liberal lawmakers he would call a party meeting for midday Friday (0200 GMT).
  • `Tearful` Musk aims for $ 25000 Tesla vehicle for the masses

    `Tearful` Musk aims for $ 25000 Tesla vehicle for the masses

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    In an interview with the New York Times , Elon Musk said that he typically works 120 hours a week. The Times report said board members had raised concerns over his "workload but also about his use of Ambien ", a sleeping drug. "We know that the safest thing for Musk right now is a medical leave". A couple of years ago, Tesla approached Facebook executive Sheryl Sandberg about that job, Mr Musk told the newspaper, but he added that no active search is taking place now "to the ...
  • Turkey to respond if USA imposes more sanctions

    Turkey to respond if USA imposes more sanctions

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    Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges. Moody's stripped Turkey of its investment-grade rating in 2016 and Friday's move lowered it one rung further. Trump also said regarding Turkey that "they have not proven to be a good friend" to the United States.
  • President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports

    President Trump Is Interested in a Major Shakeup for Corporate Earnings Reports

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    Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter. "That would allow greater flexibility & save money", he tweeted. The U.S. enacted quarterly reporting in. While the quarterly earnings season has a negligible impact on market-wide volume, it does coincide with an increase in price turbulence among individual companies.