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  • Coach to acquire handbag company Kate Spade for $2.4bn

    Shares of Kate Spade were eight percent higher Monday morning following the announcement, while Coach's stock rose six percent. Coach's deal to buy Kate Spade is finally in the bag. The deal is expected to close in early July 2017 - or Q3 - and the acquisition is expected to be accretive to earnings per share in fiscal 2018 on a non-GAAP basis.

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  • Bank of England holds rate trims growth forecast

    However, macroeconomic forecasts for both inflation, and wider growth are both likely to see significant changes, with numerous economists speculating that the Old Lady of Threadneedle Street could push up its inflation forecast from a peak of 2.8% to somewhere around 3%.

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  • North Korea tests missile, raises new fears in Pacific

    Even though North Korea vows to develop the ability to attack the United States with their nuclear warheads that can reach throughout the Korean Peninsula, it has never tested a missile that could attack across the Pacific. During the South's so-called "sunshine" era of the late 1990s and early to mid 2000s, liberal South Korean leaders held two summits with Kim Jong Un's father, the late Kim Jong Il, and shipped huge amounts of aid to the North.

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  • Macron takes office as French president

    Macron takes office as French president

    Macron formally took power after his predecessor, Socialist Francois Hollande , met with him for one hour and le. Outside the Elysee, a few dozen supporters waved French tricolour and European blue flags at the arrival of the new president.

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  • Cyber attack hits 200000 in at least 150 countries: Europol

    Europe's police agency says the attack has hit at least 100,000 organizations in 150 countries. "At the moment we are in the face of an escalating threat, the numbers are going up, I am anxious about how the numbers will continue to grow when people go to work and turn their machines on Monday morning".

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  • Bank of England cuts United Kingdom growth forecast

    The committee was comprised of just eight members for this meeting, rather than the usual nine, after the Bank's deputy governor, Charlotte Hogg, resigned when it emerged she had breached the Bank's code of conduct. However, forecasts for 2018 and 2019 were revised up from 1.6 per cent and 1.7 per cent to 1.7 per cent and 1.8 per cent respectively. It also stressed that its forecasts were based on the assumption of a "smooth" Brexit, implying no cliff-edge disruption to trade and investment ...

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  • Fresh horses await Derby victor Always Dreaming in Preakness

    Fresh horses await Derby victor Always Dreaming in Preakness

    Despite winning a record seven Eclipse Awards for Top Trainer and ranking as the leading purse victor in history at age 49, Pletcher is the guy who's saddled nearly 50 horses for the Kentucky Derby and won just once. In the ownership of Always Dreaming is billionaire Vinnie Viola, who also owns the Florida Panthers in the National Hockey League, and was set to become US President Donald Trump's army secretary before withdrawing as a candidate in February.

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  • Trump says he wanted to fire 'showboat' Comey

    Trump called the ex-FBI director "a showboat" because of course the White House is a middle school cheerleading competition in which Steve "Big Poppa" Bannon assured Trump that he would be the lead! Robert Chesney at Lawfare echoes this , in an analysis after Comey's firing: "Now, what about the power to remove the Director?" "So, he said it once at dinner, and then he said it twice during phone calls".

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  • Snapchat parent company reports £1.7bn loss in first earnings report

    The result was impacted by a US$2 billion share-based expense related to the company's IPO , which held its initial public offering ( IPO ) in March. Facebook has now launched Snapchat-like camera features in Messenger, WhatsApp, Instagram and its flagship app. That's asking a lot from Snap investors, given that Facebook's habit of pushing email notifications to its users has helped make Facebook the world's largest social network.

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  • United Airlines Says Some Cockpit Access Info Made Public

    United Airlines Says Some Cockpit Access Info Made Public

    United Airlines said Saturday that some cockpit door access information may have been made public, but said that it has measures in place to keep the flight decks on its aircraft secure. The 69-year-old physician was booted from the Kentucky-bound flight, prompting a security shakeup at the airport's law enforcement agency. The airlines' website shows flights are running as normal, but it's still not clear how the company intends to rectify the mistake.

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  • Oil rises as countries join OPEC cuts, United States inventory falls

    Crude inventories USOILC=ECI fell 5.2 million barrels in the week to May 5, the U.S. Energy Information Administration said . Oil prices rose on Thursday, and Brent was firmly back over $50 a barrel, as a fall in USA fuel inventories and a bigger than expected cut in Saudi supplies to Asia tightened the market.

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  • China, US seal trade deal as ties warm

    China, US seal trade deal as ties warm

    Xi's team as skillful at negotiating with a new American administration that has pledged to take China to task over its trade practices. Under the agreement, after one more round of technical consultations, China will "allow imports of US beef on conditions consistent with worldwide food safety and animal health standards" as soon as possible and starting no later than July 16, according to the joint statement.

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  • BoE Leave Rates Unchanged, QE Remains Stable

    However, the BoE added the bank rate, the interest rate available to other lenders, could rise "by a somewhat greater extent" than markets expected, provided its predictions of a continued pick-up in growth would prove accurate. He said that while Brexit was causing uncertainty among employers, weak wage growth was a long-running problem in Britain and was partly due to the country's poor productivity record.

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  • James Comey Declines to Testify Before Senate Intelligence Committee

    He tweeted that Mr Comey had "better hope there are no " tapes " of our conversations", suggesting such tapes, if they existed, might contradict him. Trump had kept his decision to fire Comey from all but his closest advisers. Justice Department leaders are interviewing other contenders for the position.

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  • When cyber-attacks become a matter of life and death

    When cyber-attacks become a matter of life and death

    The security researcher, known by the pseudonym MalwareTech, had taken a week off work, but said he made a decision to investigate the ransomware after hearing about the global cyber-attack and spent the last 24 hours working on it. The country's banking system was also attacked, although no problems were detected, as was the railway system. Attackers have reportedly demanded Bitcoin payments of £230 to unlock NHS IT systems.

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  • China opposes latest N. Korean missile test

    China opposes latest N. Korean missile test

    In Tokyo, the Japanese government said that the missile flew for 30 minutes and strongly condemned the "absolutely unacceptable" behavior. U.S. Pacific Command, based in Hawaii, said it had detected and assessed the missile, and "the flight was not consistent with an intercontinental ballistic missile".

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  • Virus "extorsionador "se esparce por el mundo — Ciberataque"

    En Rusia, la segunda operadora de telecomunicaciones del país, MegaFon , sufrió un ataque de las mismas características que Telefónica . También en Rusia, el ministerio de interior tuvo problemas con el virus. Parte del código de este software correspondería a una "ciberarma" de la Agencia de Seguridad Nacional de EE. El virus aprovecha una brecha conocida en los sistemas de seguridad del sistema operativo WIndows que permite acceder a los archivos de la computadora de forma remota.

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  • Liverpool win race to sign 23-year-old PL star

    Liverpool win race to sign 23-year-old PL star

    The German boss has been forced to play central midfielder James Milner at that spot all season over fears regarding Alberto Moreno's obvious defensive deficiencies. But Liverpool are set to raid the Tigers for a second time this summer as they join the race for centre-back Harry Maguire. Hull City defender Andrew Robertson has agreed to join Liverpool at the end of the season, according to a report.

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  • USA needs 'good shutdown,' change in filibuster rule

    USA needs 'good shutdown,' change in filibuster rule

    The deal struck by Republican and Democratic leaders to fund the government through September 30 includes some of the increased defense spending Trump had requested but not funding for his wall along the Mexican border. "We've got a long ways to go between now and September", he told reporters. But while Senate Majority Leader Mitch McConnell, R-Ky., was willing to deploy the so-called "nuclear option" to change Senate rules and allow Trump's Supreme Court nominee to advance with a ...

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  • Infosys pushes salary hikes to July, even later for executives

    Infosys pushes salary hikes to July, even later for executives

    This also impacts their margins. Tech Mahindra is yet to revise wages for employees with more than six years of experience. These layoffs by IT majors have escalated fears of massive unemployment and loss of livelihoods. Cognizant has also reportedly placed close to 15,000 employees in the lowest category - Bucket 4. The French IT service has reported that they are letting of almost 9,000 people, or almost 5% of its workforce, as they have asked over 35 VP, SVPs, directors and senior ...

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  • Portugal wins Eurovision Song Contest in Kiev

    Portugal wins Eurovision Song Contest in Kiev

    The song, performed by Jamala, was possibly one of the most controversial winners in the competition's history. Our great nation has been stitched up at the Eurovision Song Contest by a Ukrainian streaker wearing an Australian flag as a cape.

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  • Trump Reaches Preliminary Deal With China Over Beef and Chicken

    Trump Reaches Preliminary Deal With China Over Beef and Chicken

    Nebraska Gov. Pete Ricketts says the state is positioning itself to export beef to China . "As long as they can comply with the normal rules, they will get access". "Beef producers in North Dakota and the nation are thankful to the Trump administration for making restoration of USA beef market access in China a priority".

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  • Bank of England poised to readjust growth outlook

    Mr Carney warned of "a more challenging time" for the British population over this year as a result of the falling value of the pound since last year's Brexit vote. "Look at it and think of us". The Bank of England signalled it may have to raise interest rates sooner than what is being anticipated by the markets, as it kept monetary policy unchanged at the end of its two-day meeting today.

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  • Mishra accuses AAP of spreading lies over attack

    He is demanding details of foreign tours undertaken by five leaders of the Aam Aadmi Party. Mishra also showed a slide which said that the party, after receiving a notice from the Income Tax Department, had revealed it received funds to the tune of Rs.

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  • Interest rates may need to rise before late 2019

    Carney said he expects real wage growth will eventually pick up, but that there would be "consequences" if it doesn't. Earlier on Thursday, data showing weaker-than-expected industrial output and a widening of Britain's trade gap also weighed on sterling, which has struggled to break past the "psychological" US$1.30 mark this week.

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  • Writers Guild of America Reaches Deal, Avoids Strike

    There had been anticipation of a strike to begin in May, but The Washington Post reports that it was narrowly averted by a last minute deal on Tuesday. It also cost the Los Angeles County economy an estimated $2.5 billion , according to the Associated Press. But until then, we just wanted to thank you - and congratulate you.

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