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Tokyo Olympics medals could be made of old smartphones

That old smartphone you're carrying could become a part of Olympic history in four years if Tokyo Games organizers have their way. Although Japan does not have many natural resources, its urban mine is estimated to contain the equivalent of 16 percent and 22 percent of the world's total reserves of gold and silver.

Business

Donald Trump to deliver major speech on immigration

Trump remains opposed to legal status for undocumented immigrants, and on Saturday he reaffirmed his support for numerous restrictive proposals laid out in his August 2015 policy paper. Yet now it's Trump talking about allowing immigrants in the country illegally a way to stay here. "You don't debate how you're going to bail out the boat until you plug the hole".

Business

Strong global sales drive JLR revenues up

Profit at the Jaguar Land Rover luxury-vehicle unit declined to 304 million pounds ($401 million) from 492 million pounds. Lower local market incentive in the Jaguar Land Rover business as compared to the corresponding quarter last year and higher depreciation and amortisation expenses as compared to the corresponding quarter last year also affected profitability, the company said.

Business

Canada-China agree to extension in canola 'dockage' dispute: Trudeau

China is Canada's top export market for the oilseed and the import dispute has taken centre stage during Trudeau's visit to China. "Any economic strategy that ignores China or treat that valuable relationship as anything less than critical and important is not just short-sighted, it is irresponsible", Trudeau said.

Business

Search for two missing in Louisiana plane crash suspended

Officials will begin hauling up the wreckage on Monday, according to a fire department spokesman. A crane mounted on a barge arrives after midnight, so the attempt to lift the plane out of the water starts Tuesday morning. The Federal Aviation Administration is looking into the cause. "It's going to be moved to a secure facility in which they'll do a detailed wreckage layout and examine it further", Weiss said.

Business

Markets Right Now: A mixed open for stocks on Wall Street

The deal would have brought Oreo cookies and Reese's Peanut Butter Cups under one corporate roof. It also operates the Milton Hershey School, which educates underprivileged children. But despite these merits, we weren't convinced that even a higher price tag would make Hershey amenable to an agreement. She was succeeded by her deputy Bruce Castor, and the post is up for election in November.

Business

Mondelez says it's ending talks to buy Hershey

It offered $107 per share, half in cash and half in stock, but the chocolate maker refused the bid in June. It said at the time that the offer provided "no basis for further discussion". However, even though the deal couldn't work out for the company, Mondelez itself may become an acquisition target for other bigger snack companies, such as Kraft Heinz.

Business

United States to hold trilateral talks with India, Afghanistan at the UN

The situation in Indian-ruled Kashmir and concerns over Afghanistan will be raised in talks on Tuesday with National Security Adviser Ajit Doval, and on Wednesday with Prime Minister Narendra Modi, a senior US official said. Indian External Affairs Minister Sushma Swaraj, who co-chaired the meeting, said India's "enhanced global role" is in the mutual interest of both countries.

Business

Wall St flat as investors look for clues on rates

In late NY trading on Tuesday, the euro fell to $1.1137 from $1.1190 of the previous session, and the British pound decreased to $1.3078 from $1.3114, Xinhua news agency reported. The Dow Jones Industrial Average declined 48.69 points, or 0.3%, to close at 18,454.30. The BI Global Senior Gold Valuation Peers index dropped 3.9 percent, with Barrick Gold Corp.

Business

GMR to build Goa's Mopa airport

Delhi International Airport (P) Limited ( DIAL) is a joint venture in which the GMR Group has 54 percent stake, Airports Authority of India 26 percent and Fraport AG & Eraman Malaysia have 10 percent each. The agreement gives GMR Airports 232 acres of land for commercial city side development for 60 years. It had built New Delhi airport's Terminal 3 in a short span of 37 months while Istanbul's Sabiha Gokcen airport had been constructed in a record period of 18 months.

Business

Renaissance Technologies adds Home Depot Inc (HD) to its portfolio

The stock is now trading at Distance from 20-Day simple moving Average of 3.74% whereas, Distance from 50-Day Simple moving average is 7.38 Percent and Distance from 200-Day Simple Moving Average of -25.64 percent. The stock has been given a mean "HOLD" rating after the consensus analysis of "15" Analysts. Along with these its year to date performance is standing at -34.11%.

Business

Dollar at One-Month High as Investors Mull US Rate Path

In her Jackson Hole comments, Yellen said the US economy is improving, strengthening the case for an increase in interest rates this year. Comments on Friday by Fed Chair Janet Yellen had increased expectations the central bank could hike as early as September, and the markets will be awaiting more data to see if the US economy is robust enough to withstand monetary tightening.

Business

PDP leaders set to resume peace talks with factional leader Sheriff

Our correspondent gathered that the meeting would discuss the report of the Prof. The BoT did not mention the leadership crisis in the party, which has led to its factionalisation, but said it "has resolved to pass a vote of solid confidence in the National Caretaker Committee, and urged the committee to continue the good work of properly planning for the next national convention".

Business

Singapore launches world's first driverless taxi

The ultimate goal, say nuTonomy officials, is to have a fully self-driving taxi fleet in Singapore by 2018, which will help sharply cut the number of cars on Singapore's congested roads. There are also two cameras on the dashboard to scan for obstacles and detect changes in traffic lights. "When you are able to take that many cars off the road, it creates a lot of possibilities".

Business

Theresa May may not seek parliamentary vote on Brexit

Professor Thom Brooks, who is head of Law School at the University of Durham, doubted that the United Kingdom government would ever be able to end the over 4-decades-old membership in the union. Let's get on with it". The British treasury is willing to let European Union migrants keep coming to the United Kingdom in return for single market access, but other ministries want to take a hard line, British newspaper The Times has reported.

Business

OPEC Hit Record Oil Production in July

On Wednesday, the cartel said that Saudi Arabia, OPEC's top exporter, raised its production to 10.67 million barrels per day in July, a record high. The OPEC also raised the oil demand outlook for 2017 by 90,000 barrels daily to 95.41 mln barrels per day (up 1.15 mln barrels daily). According to the International Energy Agency's (IEA) recently-released IEA Oil Market Report (OMR) for August, global oil demand growth is expected to slow down in 2017.

Business

Europe hits Apple with a $15 billion-plus tax bill

Under an global tax rule known as the arm's length principle, large corporations have to treat profits similarly to individual companies, which Apple in Ireland did not do, the European Union says. "OECD countries like Australia say that's not correct - some of the income should be taxed where the consumers live". In recent years multinational companies have woken up to the joy of tax: that profits can be shifted between jurisdictions to minimise bills; that governments will compete ...

Business

Benghazi emails involving Clinton recovered by Federal Bureau of Investigation

The State Department has said the Federal Bureau of Investigation provided it with about 14,900 emails purported not to have been among those previously released. Though he described Clinton's actions as "extremely careless", FBI Director James Comey said his agents found no evidence that anyone meant to break the law and said "no reasonable prosecutor" would have brought a criminal case.

Business

Oil falls on bullish Fed talk and rising dollar

The odds of a hike in September rose to 33 percent following the comments, from 21 percent on Thursday, according to CME Group's FedWatch tool. France's CAC 40 lost 0.9 percent to 4,401, while Germany's DAX fell 0.7 percent to 10,513. But it remained well off Friday's session low of 94.246. plumbed before Federal Reserve Chair Janet Yellen's upbeat comments on the US economy and Fed Vice Chair Stanley Fischer's remarks that interest rate hikes were possible this year.

Business

Bank stocks lead morning gains on Wall Street

The euro was unable to hold on to the 1.12 handle after briefly rising above the level yesterday. Markets are less sure when US policy might change after Fed Chair Janet Yellen on Friday said the case for a rate increase was strengthening, but provided little clarity on when it would next move.

Business

Abercrombie & Fitch hurt by fierce competition in 14th straight quarterly sales drop

Wall Street analysts are looking for earnings growth from only one of them. Furthermore, the consensus has issued an estimate of $656.2 million for net sales. (NASDAQ: RIGL) shares shot up 45 percent to $3.84 as the company disclosed that fostamatinib, its oral spleen tyrosine kinase inhibitor, met the primary endpoint in the final stage trial program for adult chronic/persistent immune thrombocytopenia treatment.

Business

Turkish Deputy PM invites Apple to the country after hefty European Union fine

That will likely take two years or more and Apple may make legal challenges and is also likely to be able to fight any demands from Ireland's Revenue Commissioners in Irish courts, tax lawyers say. Ireland's finance minister Michael Noonan said he disagreed "profoundly" with the decision and would seek Cabinet approval for an appeal. Apple has funneled most of its profits from Europe, the Middle East, Africa and India through Ireland for decades.

Business

British hero Thomas Jackson dies after trying to save stabbed backpacker

Smail Ayad, 29, is alleged to have stabbed Ayliffe-Chung and to have caused the injuries which led to Jackson's death at the Shelley's Backpackers accommodation in Home Hill, as well as harming 12 police officers. A fundraising page was set up for "hero" Jackson who was "attacked while selflessly trying to save a woman from being killed". "You were a great friend Tom, a loyal friend, and I'm a better person for having known you".

Business

USA consumer spending posts slower growth in July

Still, incomes grew 0.4 percent in July, which is up from a growth rate of 0.3 percent in June. Although the pace of growth slowed, consumer spending posted its fourth straight monthly increase in July, a sign that the economy is poised for a rebound in the second-half of the year.

Business

Police look at bus owners in deadly wreck

The St. John the Baptist Parish fire chief and one other person died this morning in a crash on I-10 West involving a charter bus. The driver, who was unauthorized to drive a commercial vehicle, was in custody and would be booked on suspicion of negligent homicide, reckless driving and driving without a license, Matey said.

Business

Call for child neglect probe in Anthony Weiner sexting scandal

His mayoral campaign collapsed after reports surfaced that he had continued to sext women. August 28: The New York Post publishes photos of Weiner in his underpants with his young son curled up in bed next to him. Later on Monday, Trump released his own statement on the issue, praising Abedin's decision, but criticizing what he called Clinton's "bad judgment".

Business

The Franco-German socialists and democrats pronounce TTIP dead

He told RMC radio that the best approach would be to halt the talks "in order to restart on a good foundation". "Provided the conditions are right, the Commission stands right to close this deal by the end of the year", he said. "At the end of September, at the meeting of foreign trade ministers in Bratislava, I will ask, in the name of France, for the TTIP negotiations to be stopped", Fekl said.

Business

US shares slip on Fed rate hike worries; dollar climbs

Economic docket: Meanwhile, consumer confidence for August was 101.1, surpassing forecasts of 97.0 from 97.3 in July (http://www.marketwatch.com/story/consumer-confidence-holds-steady-in-july-2016-07-26). shares overall. As both Yellen and Fischer have signaled that they are data dependent, Friday's employment data will be critical for the central bank's future path for interest-rate hikes, Milstein said.

Business

Brexit: Theresa May to chair Chequers 'brainstorm'

The prime minister's spokesman did say there was "no legal obligation" for Mrs May to consult parliament before starting the process of leaving the bloc. Senior ministers are to discuss plans for Brexit with Mrs May at a Cabinet meeting at her country retreat Chequers on Wednesday. A new cross-party group set up by pro-remain MPs from the European Union referendum campaign has challenged the prime minister to provide commitments that employment rights provided for under European Union law ...

Business

Justin Trudeau Hopes to Reset Relations with China During First Official Visit

The mission issued its statement after Canadian Trade Minister Chrystia Freeland said on Wednesday that "we can not take the next step in our relationship with China" until the issue had been resolved. The sales of the oilseed, which is normally crushed to yield vegetable oil and animal feed, risk undermining Canada's negotiating position with China, as trading seems to be continuing.

Business

France demands end to TTIP negotiations

Meanwhile, Germany's economy minister, Sigmar Gabriel, said it had no chance of being agreed before the USA presidential election in November. "The negotiations with the United States have de facto failed because we Europeans did not want to subject ourselves to American demands", he said, according to a written transcript from German broadcaster ZDF of an interview broadcast on Sunday .

Business

Brazil's Rousseff defends herself at Senate impeachment trial

Temer, from the centre-right PMDB party, has already been acting president since May, using his brief period in power to steer the government rightward. After facing massive criticism for his poorly diversified cabinet picks, Temer had to accept the resignations of three ministers he appointed, after they, too, were accused of corruption.

Business

State's banks see lower earnings in 2nd quarter

Total credits increased 1.5 per cent, US$241 billion, in the second quarter driven largely by new home loans and real estate credits, the regulator said on Tuesday. Associated Bank, Green Bay, reported net income of $55.6 million for the quarter that ended June 30 - by far, the highest among the full-service Wisconsin banks insured by the FDIC.

Business

FAA Releases New Laws on Drones

And new automobile drivers must show certain skills before they can legally head out on the highways, Calderon said. Uses will include drones for aerial photography, filmmaking, inspections, and monitoring of real estate and agriculture, according to an analysis by industry trade group the Association for Unmanned Vehicle Systems International .

Business

ULTA Salon, Cosmetics & Fragrance, Inc.'s (ULTA)

The share of ULTA now has Market Capitalization of 15.92 Billion. For the next twelve months, the average of individual price target estimates submitted by covering sell-side analysts is $289.20. The stock's Dividend stands at 0.46 and Dividend Yield stands at 1.6 Percent. During the same quarter previous year, the business earned $1.15 EPS.


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