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NBA free agency rumors: Nemanja Bjelica signing 3-year deal with Kings…

“The 30-year-old forward will sign a three-year, $20.5 million deal with the Kings, according to a report from Yahoo Sports” reports sportingnews.com. But, he never signed the deal and told the team earlier this week he planned to play in Europe in 2018-19, according to ESPN. Bjelica spent his first three NBA seasons with the Timberwolves. Source: sportingnews.com Share This:

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Margaret Thatcher backed single market in draft Bruges speech

“Margaret Thatcher was not a proto-Brexiter but an enthusiastic supporter of the single market, according to draft versions of her celebrated 1988 Bruges speech” writes Owen Bowcott for theguardian.com. In her hand-drafted New Year message at the end of 1988, Thatcher reflected on the country’s achievements, including “progress towards the single market in Europe within the framework of the future which was set out in the speech at Bruges”.But papers made available on Saturday by the Margaret Thatcher Foundation 30 years after its delivery demonstrate that she was looking forward…

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Kimberly-Clark weighs sale of European tissues business: sources

“(Reuters) – Kimberly-Clark Corp is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, according to people familiar with the matter” reports businessinsider.com. The maker of Kleenex tissues and Huggies diapers has contacted private equity firms to gauge their interest in acquiring the business, which is likely to fetch above 1 billion euros ($1.2 billion), the sources said. Source: businessinsider.com Share This:

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A brief history of US trade wars

“Here are some of the more interesting U.S. trade wars, and how they compare to the current spat that is evolving with major trade partners: 1” writes Visual Capitalist for businessinsider.com. In the minority of cases, trade wars can lead to world-changing consequences.Smoot-Hawley, 1930 Imposed during The Great Depression, the Smoot-Hawley Act is almost universally recognized by economists and economic historians as triggering a trade war that exacerbated the recovery. 2.Battle of the Bananas, 1993 Another agricultural trade war, the Battle of the Bananas occurred after Europe slapped tariffs on…

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Europe penalizes Google with a record $5B antitrust fine for the way it bundles its apps on Android smartphones and tablets

“For Google, bundling its apps offers the tech giant a way to derive data from smartphone users while serving them lucrative ads” writes Tony Romm for sun-sentinel.com. European regulators on Wednesday fined Google a record $5 billion and ordered changes that could affect which Google-owned apps appear on smartphones and tablets running its Android mobile operating system.Vestager first outlined competition complaints with Android, the most widely adopted mobile operating system in the world, roughly two years ago. Source: sun-sentinel.com Share This:

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Uber hires former adviser to David Cameron to lead lobbying in northern Europe

“The U.S. company has appointed Adam Atashzai as its head of policy for northern Europe, which includes the UK and countries in the Nordics and Benelux, an Uber spokesman confirmed to Reuters” reports businessinsider.com. Last September, Transport for London refused to renew Uber’s license, citing failings in the company’s approach to reporting serious criminal offences and to driver background checks. Source: businessinsider.com Share This:

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While Trump meets Putin, China is reaching out to Europe

“Beijing and Brussels exchanged some market access offers during the meeting on Monday to speed up the negotiations of the investment agreement” writes Wang Zhao for cnbc.com. An investment agreement makes it easier for domestic companies to invest abroad, in this case it could help European firms to operate in China and vice-versa.Trump has also threatened to impose double-digit tariffs against European cars to reduce the U.S.’s trade deficit.In a statement, China and the EU agreed that fostering their trade links was a top priority. Source: cnbc.com Share This:

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Europeans are giving Trump a defiant runaround on trade and security

“So far this year, the EU is running a surplus at an annual rate of $158 billion on its American trades” writes unknown author for cnbc.com. As a presidential candidate, Donald Trump began telling the Europeans in 2015 that they had to: (a) cut their systematic and excessive trade surpluses with the U.S., (b) eliminate discriminatory trade rules and practices to open up markets for American firms and (c) stop free-riding on the U.S. for their security. Source: cnbc.com Share This:

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