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Made-in-China jet takes first flight

Most are state-owned Chinese airlines. China took a step toward the aviation big leagues Friday with the long-delayed, but finally successful, maiden flight of its first modern passenger jet. China last August launched a new multi-billion dollar jet-engine conglomerate with almost 100,000 employees, with the hope of powering its own planes with self-made engines. Read More »

Apple acquires AI firm Lattice Data for $200mn


It allowed engineers to solve data extraction, cleaning and integration problems together. Apple has acquired Lattice, a company that turns dark data into structured data with "human-caliber quality at machine-caliber scale", reports TechCrunch . Read More »

North Korea launches new missile

North Korea conducted another in a string of missile tests Saturday amid heightened worldwide tensions over its nuclear program. Modi invited the South Korean President to India, also expressing hope to hold bilateral talks at upcoming worldwide meetings like G20 summit slated for July. Read More »

Pound falls as Super Thursday announcement cuts United Kingdom growth forecast

The banks said it saw inflation rising and the economy growing steadily over the next few years. Other members were more cautious, with concerns over slower consumer spending and other trends. The Bank of England (BoE) has upgraded its forecast for inflation in 2017 from 2.4% to 2.7%, while it is projecting slightly slower GDP growth of 1.9%. Read More »

Ransomware cyberattack is of "unprecedented level": Europol

An worldwide effort is under way to track down the criminals behind an unprecedented global cyber attack that wreaked havoc across the NHS. "The latest count is over 200,000 victims in at least 150 countries and those victims many of those will be businesses including large corporations", Wainwright told ITV-news-channel/52396" target=_blank itv news channel. Read More »

Emmanuel Macron sworn in as new French president


The arrival in power of Macron, which was marked by a 21-gun salute at the Esplanade des Invalides behind the Eiffel Tower, signaled at least a pause in the anti-globalization trend that brought Donald Trump the US presidency and led British voters to pick a future outside the European Union. Read More »

S.Korea's Moon says dialogue only possible when N.Korea changes attitude

The missile was launched early today and flew more than 700 kilometres (435 miles) before landing in the Sea of Japan (East Sea). "If the same missile was flown on a standard trajectory, it would have a maximum range of about 4,500km". The launch has already been criticized by a number of countries, including the United States. "The ballistic target had been dwelled by the missile attack warning systems during a 23-minute flight before the missile fell in the central part of the Sea of Japan ... Read More »

Bank of England holds rate; trims growth forecast

Speaking at a press conference following the announcement, Carney said the Bank was "tolerating" an overshoot in inflation now as it was the result of the exchange rate adjusting ahead of Brexit negotiations. At the Monetary Policy Committee's last meeting, in March, Kristin Forbes voted for a rate hike and some other members were close to joining her. In the minutes of that meeting, some members said it would take "relatively little" upside news to consider a need for tightening. Read More »

Favorite comes through in Derby for fifth straight year


It's the second Derby victory for both trainer Todd Pletcher, who won with Super Saver in 2010, and for Velazquez, who won atop Animal Kingdom in 2011. "He worked well all week and we were very happy with his progress". McCraken, trained by expat Australian Ian Wilkes, finished eighth, after looming into the race at the top of the straight but was unlucky when tightened for room at a crucial stage. Read More »

Portugal wins the Eurovision Song Contest


Sobral also said his victory was important because his performance was meant to draw attention to the refugee problem in Europe, but stressed that it was not a political mission. In a sobering footnote to the event, Ukraine's president Petro Poroshenko and first lady Maryna Perevedentseva cancelled their attendance at the final at the last moment, due to heavy shelling and civilian casualties in Avdiivka. Read More »

OPEC sees much higher oil supply from rivals in 2017

In the United States, crude stockpiles posted their biggest weekly drawdown since December last week as imports dropped sharply, while inventories of refined products also fell. July brent crude futures on London's ICE Futures exchange picked up 55 cents, or 1.1%, to $50.77 a barrel. OPEC and other producers including Russian Federation have agreed to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year to try to reduce a global fuel glut. Read More »

China to Take US Beef by July 16


By day 100, which is July 16, China agreed it would issue guidelines allowing card payment services that are US owned to start their licensing process in an industry where UnionPay in China has been almost a monopoly. "This should have been done years ago when it would have made a difference". China agreed to give "full and prompt market access" to payments companies , like Mastercard Inc. Read More »

Interest rates may need to rise before late 2019

On the back of a worse-than-expected first quarter, the BoE nudged growth forecasts back to 1.9 percent, although the forecast had previously been ramped up from 1.4 to 2.0 percent in February. Rising inflation and poor income growth were cited as the main reasons for consumers feeling the squeeze; reflected in disappointing retail sales data and a surprisingly steep drop in new vehicle sales. Read More »

Possible Reasons Sean Spicer Is Getting Fired As White House Press Secretary

Former FBI Director James Comey was furious at the lack of respect the White House showed him in the way he was sacked, sources have told ABC News. Thanks to this supposedly high bar, Trump suggested it might be worthwhile to call off all future White House press briefings and instead hand out written responses to make sure they are accurate. Read More »

UK's health system recovering from attack


Once inside the targeted network, so-called ransomware made use of recently revealed spy tools to silently infect other out-of-date machines without any human intervention. "The National Security Agency (NSA) is supposed to lead the vulnerability equities process with all the other government agencies gathered round to discuss their interests in the vulnerability, and to weigh the offensive capabilities against defensive concerns for the private sector and USA interests", The Guardian quoted ... Read More »

Three finish at Kentucky Derby a huge feat for two horses


Trainer Pletcher and jockey Velazquez have joined forces on many occasions and are regarded as one of the most powerful combinations in American racing after winning a series of big-race triumphs over the years. Patch , rated 30-1, won fans with his second place last month in the Grade 1 Louisiana Derby. "We've run a lot of horses in (the Derby), and some haven't run so well", Pletcher said when asked about his record in the Run for the Roses. Read More »

Indian PM in Sri Lanka for UN Buddhist event


China has invested heavily in Sri Lanka in recent years, funding airports, roads, railways and ports, unsettling India , traditionally the closest economic partner of the island nation of 21 million people. "India's rapid growth can bring dividends for the entire region, especially in Sri Lanka", he said. It is a Buddhist temple and is located in the royal palace complex of the former Kingdom of Kandy, which is said to house the relic of the tooth of Lord Buddha. Read More »

North Korea's Latest Missile Test Sets Off Alarm Bells


A statement said that the missile was sacked from near Kusong City, in North Phyongan province, and that the South Korean and US militaries are analyzing the details. The White House says North Korea has been "a flagrant menace for far too long". 'Let this latest provocation serve as a call for all nations to implement far stronger sanctions against North Korea, ' the statement said. Read More »

Lawmakers, ranchers praise China agreement on beef

However, while the two largest economies in the world agreed to a number of new steps to be taken before July 16, it is still not clear if the new deals will increase trade over the short-term. Australia and Qatar are now the biggest exporters to China , but China has also invested heavily in Russian LNG. But he's encouraged by the quick progress that happened in a matter of weeks for trade deals that usually take years to achieve. Read More »

Cyber-attack: Europol says it was unprecedented in scale


Would you do us a favor? "But if you want to decrypt all your files, you need to pay". The virus exploits a vulnerability in Microsoft Windows software, first identified by the US National Security Agency . "We routinely provide cybersecurity assistance upon request, including technical analysis and support", McConnell says. Appearing on the BBC's Andrew Marr Show, the Defence Secretary appeared to deflect criticism onto health trusts for the fact crucial files were left open for ... Read More »

OPEC asks United States to cut oil output and prosper global economy

Crude prices surged back above $47 to settle higher, as investors' jitters concerning rising levels of USA oil output eased, after the EIA revealed a bullish inventories report. In recent weeks, crude CLM7, +3.88% and Brent LCON7, +3.61% prices have slipped below the trading levels seen before the historic output deal was agreed in November. Read More »

Liverpool To Announce Signing Of Hull City Defender Andrew Robertson


Maguire has emerged as a standout performer in an otherwise disappointing Hull side looking likely to be relegated from the Premier League in their first season back in England's top flight. The addition of Robertson will also mean the end of Alberto Moreno's future at Anfield who has failed to get back Klopp's trust after his shaky displays in the position. Read More »

They Wanted a Shutdown And Didn't Get It


He also defined a "good shutdown", advocated earlier by President Donald Trump on Twitter, as one that proved Trump correct about the dysfunction of the federal government. "I think the total spending is $ 347 million on that, but we have not done the math yet", Mulvaney stated. Rep. Dan Kildee (D, Michigan) said the last shutdown cost the USA taxpayer $24 billion. Read More »