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Getty Images/Pool A trade war has been brewing between the US and China. The White House has said the US would have an edge over China in a trade war. But economists think China has more room to negotiate. The White House has asserted the US has the whip hand in a tariff fight between the world's largest economies — with a senior economic adviser saying "it's clear China has much more to lose" and the president himself declaring that "trade wars are easy to win" — but economists widely disagree. ... [Read More]
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White House press secretary Sarah Huckabee Sanders has reportedly become "tired" of being the face of some of the controversial policies emerging from the Trump administration. Sanders faced considerable blowback this week trying to defend the "zero-tolerance" immigration policy that leads to many immigrants being criminally prosecuted for crossing the border illegally. "She's tired of taking on water for something she doesn't believe in," one of Sanders's friends said to Vanity Fair. White House press secretary Sarah Huckabee Sanders has reportedly become "tired" of being the face of some of the controversial policies emerging from the... [Read More]
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Stocks are trading more independently of macro factors than at any point since 2001, according to Morgan Stanley. These types of market conditions are ideal for stock pickers, who make their living analyzing company fundamentals and betting on single stocks. Stocks are partying like it's 2001. They're trading independently of one another to a degree not seen since the height of the tech bubble, according to a study conducted by Morgan Stanley. And they've been operating with a mind of their own for months now, bucking a trend that has historically seen them trade more... [Read More]
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Drew Angerer/Getty Images Russia is eyeing a spot on the United Nations Human Rights Council (UNHRC) following the US withdrawal on Tuesday. Russia has put forward its candidacy for a three-year term starting in 2021. Russia previously served one term on the council but lost a reelection bid in 2016 because of its support for the Syrian government's war. Russia is wants a spot on the United Nations Human Rights Council (UNHRC) following the US's withdrawal on Tuesday. Russia quickly swooped in on the empty seat and put forward its... [Read More]
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Feng Li/Getty Images A Chinese Embassy official yelled and made demands of an Australian producer to try and censor an episode of "60 Minutes" that would be critical of China. The Chinese Communist Party regularly tries to interfere with foreign Chinese-language media, a former consular diplomat who defected to Australia told Business Insider, but targeting English-language media is rare. The "60 Minutes" report covered China's debt-trap diplomacy in the Pacific, including a loan to Vanuatu for a wharf which experts are concerned could be used by the Chinese military. Vanuatu's foreign minister also said China, and Australia,... [Read More]
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Daimler on Wednesday said profit would fall in 2018 as new import tariffs on cars exported from the United States to China would hurt sales of high-margin Mercedes-Benz sports utility vehicles. Daimler earnings before interest and taxes (EBIT) would now be slightly below the previous year's level, rather than slightly above, the company said in a regulatory filing late on Wednesday.See the rest of the story at Business In... [Read More]
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Chip Somodevilla/Getty Images White House senior policy adviser Stephen Miller has reportedly wielded significant clout under the Trump administration, particularly on immigration issues. But his reactions to the ongoing crisis on the border have been described by some as problematic. One outside adviser said Miller "actually enjoys seeing those pictures" of the border where thousands of migrant children are seen in distress after being separated from their families. "He's a twisted guy, the way he was raised and picked on," the adviser said. White House senior policy adviser Stephen Miller has reportedly become an... [Read More]
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Photos of detention facilities holding migrant children under the Obama and Trump administrations bear striking similarities. The Trump administration has been enforcing what it refers to as a "zero-tolerance" policy, and photos have surfaced of children being detained away from their parents in cage-like facilities. Similar photos from Obama-era border facilities have also surfaced. On Wednesday, Trump signed an executive order to end the separation of migrant families in detention. Photos of detention facilities holding migrant children during both the Trump and Obama administrations bear striking similarities. Since April the Trump administration had... [Read More]
Cushman & Wakefield filed to go public on Wednesday. The company employs about 48,000 people worldwide and earned $6.92 billion in revenue last year, a regulatory filing shows. It's counting on the continued growth of commercial real estate around the world and more participation from institutional investors in the property market. The commercial-real-estate giant Cushman & Wakefield has filed for an initial public offering. The filing, published on Wednesday, shows that the company is betting on the continued growth of commercial real estate around the world and greater participation from institutional investors in the... [Read More]
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Attending the FIFA World Cup has been on my travel bucket list since I fell in love with the sporting event in 2010. I was able to get tickets for the 2018 FIFA World Cup through a friend who has attended the last three World Cups. I attended the Poland versus Senegal group stage match. It was incredibly exciting to watch the first African team to win at this year's tournament. Like a lot of sports fans, I've always dreamed of going to the FIFA World Cup. Few sporting events conjure up the mix of... [Read More]
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Hannah Mckay/Reuters The 2018 World Cup in Russia kicks off on Thursday and will go for more than a month, ending with the final on July 15. The tournament kicks off on the first day with the opening ceremony and host country, Russia, facing Saudi Arabia. The tournament matches will take place in 11 different Russian cities. You can see the full schedule below, which will be updated throughout the tournament with results. The 2018 World Cup kicks off in Russia on Thursday with the opening ceremony and the opening match between Russia and... [Read More]
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Clive Rose/Getty Images A star of the Mexican National Team has asked fans not to use a homophobic chant at matches, or else the federation might get fined. Mexico has already been fined several times for its fans' use of the chant, but the chant was still heard in the stadium at Mexico's opening World Cup match. FIFA is reportedly investigating the use of the chant at the World Cup. Javier "Chicharito" Hernandez has posted on Twitter asking fans of the Mexican National Team to stop using their "puto" chant, which... [Read More]
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HBO As some TV shows get the axe, others get picked up for more seasons. Series including "Veep" and "Game of Thrones" are coming back for their final seasons, while "Grey's Anatomy" was picked up for its 15th. Here are your favorite shows that are returning to TV from summer 2018 to 2019. "The 100th" season six (The CW) returns fall 2018. Bettina Strauss/The CW It's loosely based on the novel of the same name. "13 Reasons Why" season three (Netflix) Netflix The controversial show is returning. "9-1-1" season... [Read More]
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The 2018 World Cup in Russia is off to a great start, and the tournament has already produced incredible moments and photos. Russia is a gorgeous background for some amazing sports photography. From goal celebrations to great saves, gut-wrenching own goals, and crazy fans, here are the most mesmerizing photos from the World Cup so far.Russia's Yury Gazinsky scores the first goal of the 2018 World Cup. Aziz Bouhaddouz of Morocco lays on the ground after his own goal gave Iran a 1-0 lead. Morocco's Younes Belhanda laments his team's own goal. See the... [Read More]
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The White House plans to propose on Thursday to merge the U.S. departments of Labor and Education, the Wall Street Journal reported on Wednesday. Citing a person with knowledge of the proposal, the Journal said the plan follows a review of cabinet agencies that looked for ways to shrink the federal government.See the rest of the story at Business Insider NOW WATCH: The world is running out of sand... [Read More]
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The 2018 World Cup has already provided football fans with unbelievable finishes and dramatic results. Whether it's an emotional entrance, a heart-stopping finish, or the elation of a goal just scored, each match of the tournament so far has had something special worth capturing. Below we've collected one photo from every match of the World Cup thus far so you can relive the magic of the biggest sporting event on the planet.Denis Cheryshev celebrates after scoring to extend Russia's lead over Saudi Arabia in the opening match of the tournament. Fans watch from the temporary stands... [Read More]
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Critics are seizing on President Donald Trump's executive order that ends family separation for migrants and instead seeks to detain entire families together if they cross the border illegally. The Trump administration will have to amend an existing legal agreement known as the Flores settlement, which bars the government from detaining children longer than 20 days. Indefinitely jailing children is inhumane, immigration advocates say, and there are better ways than detention to ensure migrant families properly navigate their asylum proceedings. President Donald Trump reversed course on Wednesday after weeks of defending family separations, signing an executive... [Read More]
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DVIDS In May, the US set a new high for weapons released over Afghanistan during 2018. The total for May broke the record set in April. The US has increased its presence in Afghanistan, but after 17 years in Afghanistan, US commanders say there's no end date in sight. The 591 weapons released over Afghanistan in May were the most in a month so far this year, according to new statistics released by the Air Force. Those 591 topped the previous high this year, which was 562 in April -- a count that... [Read More]
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Jack Chan Siu-kit and Cheung Tsui-ling are reportedly the mystery buyers of the world's most expensive parking space. The parking space in Hong Kong fetched $760,000. Chan and Cheung, who own a large portfolio of Hong Kong property, are founders of the Chinese Youth Dreamers Foundation, a non-governmental organization. Chan is also the chairman of the board and executive director of Pan Pacific Financial Holdings. One of the Hong Kong residents who spent a jaw-dropping HK$6 million (US$760,000) on the world's most expensive parking space has been identified as the head of a financial company in... [Read More]
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There have been several significant developments regarding President Donald Trump's longtime lawyer Michael Cohen in the past day. He appears to be sending signals to the president that he's readying to cooperate with investigators. A former prosecutor said it looks like Cohen is "getting weak in the knees." Michael Cohen looks to be sending President Donald Trump a lot of signals in recent days. "He may be trying to send a message to Trump that he is prepared to cooperate unless....." Harvard law professor Alan Dershowitz, who often speaks with Trump told Business Insider in... [Read More]
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