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Hong Kong leader says extradition bill is dead, but critics unconvinced

Thu, 07/11/2019 - 11:17pm
Hong Kong leader Carrie Lam said on Tuesday the extradition bill that sparked the Chinese-ruled city's biggest crisis in decades is dead and that government work on the legislation had been a "total failure", but critics accused her of playing with words.

Mental health issues in Hong Kong surging amid tumultuous protests, experts say

Thu, 07/11/2019 - 11:17pm
Stress and trauma over the political turmoil surrounding Hong Kong's extradition bill has created an unprecedented mental health problem that the city is not equipped to deal with, medical professionals say.

Asian shares dart between gains and losses before key China data

Thu, 07/11/2019 - 10:58pm
Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month.

Exclusive: Walmart told U.S. government India e-commerce rules regressive, warned of trade impact

Thu, 07/11/2019 - 10:33pm
Walmart told the U.S. government privately in January that India's new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed.

Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations

Thu, 07/11/2019 - 9:54pm
U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

Trump drops census citizenship question, vows to get data from government

Thu, 07/11/2019 - 9:50pm
U.S. President Donald Trump retreated on Thursday from adding a contentious question on citizenship to the 2020 census, but insisted he was not giving up his fight to count how many non-citizens are in the country and ordered government agencies to mine their databases.

Trump rips tech firms at 'free speech' summit

Thu, 07/11/2019 - 9:31pm
President Donald Trump welcomed prominent conservative social media provocateurs to the White House on Thursday and said that along with himself, they are being treated unfairly by big tech firms, which he says suppress conservative voices.

House readies contempt vote as confrontation with Trump mounts

Thu, 07/11/2019 - 9:21pm
The U.S. House of Representatives will vote on whether to hold Attorney General William Barr and Commerce Secretary Wilbur Ross in criminal contempt next week, as part of an intensifying Democratic assault on President Donald Trump's stonewalling of congressional probes.

House Democrats seek briefing on Acosta's role in Epstein plea deal

Thu, 07/11/2019 - 9:18pm
U.S. House Democrats on Thursday asked the Justice Department for a briefing on Labor Secretary Alexander Acosta's decision to approve a 2007 plea deal for financier Jeffrey Epstein, who was charged this week with sex trafficking in underage girls.

Arrests of immigrant families promised by Trump to begin on Sunday, Times says

Thu, 07/11/2019 - 8:28pm
U.S. authorities on Sunday will begin arresting at least 2,000 immigrant families eligible for deportation in a nationwide series of raids long threatened by President Donald Trump, the New York Times reported, citing former and current officials.

Nike goes ahead with investment in new Arizona manufacturing plant

Thu, 07/11/2019 - 8:22pm
Nike Inc said on Thursday it will open a manufacturing facility in Goodyear, Arizona, with a likely investment of at least $184 million, going ahead with the site after the state of Arizona last week withdrew an incentive package following the footwear maker's cancellation of a controversial sneaker.

Tropical Storm Barry nears New Orleans, raising flood threat

Thu, 07/11/2019 - 8:11pm
Nervous New Orleans residents prepared to flee as Tropical Storm Barry closed in on Thursday, with forecasts of "extreme rain" and more flooding ahead of the storm's predicted landfall by early on Saturday as the first Atlantic hurricane of 2019.

Trump says he will call tech companies to WH meeting soon

Thu, 07/11/2019 - 8:05pm
U.S. President Donald Trump said on Thursday he plans to call a meeting of executives from major social media platforms later this month.

Taiwan president in U.S. after warning of threat from 'overseas forces'

Thu, 07/11/2019 - 7:21pm
Taiwanese President Tsai Ing-wen arrived in the United States on Thursday on a trip that has angered Beijing, warning that democracy must be defended and that the island faced threats from "overseas forces," in a veiled reference to China.

Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery

Thu, 07/11/2019 - 6:09pm
An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region's oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coastal refinery.

U.S. House panel authorizes subpoenas for Kushner, other Trump aides

Thu, 07/11/2019 - 6:08pm
The Democratic-led U.S. House Judiciary Committee on Thursday voted to authorize subpoenas for a dozen witnesses including President Donald Trump's son-in-law and adviser, Jared Kushner.

Candidate Biden says Trump's foreign policies have harmed America's standing

Thu, 07/11/2019 - 6:07pm
Former Vice President Joe Biden, in his first major foreign policy address as a Democratic presidential candidate, on Thursday blasted U.S. President Donald Trump's performance on the world stage as erratic and extreme.

Fed's Powell affirms rate cut view; others see U.S. economy humming

Thu, 07/11/2019 - 5:58pm
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.

Bostic: Fed's focus is its mandates not market pricing for rate cuts

Thu, 07/11/2019 - 5:58pm
Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that continues to perform well, Atlanta Federal Reserve President Raphael Bostic said on Thursday.

Dow tops 27,000, healthcare in spotlight after Trump's decision on rebate

Thu, 07/11/2019 - 11:22am
U.S. stocks edged higher on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell's dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates.