News 

Afghanistan revelations demand change, war’s end | Editorial

“Despite the Post revelations, the House last week passed another military budget that continues to fund the Afghanistan war” reports seattletimes.com. With Congress and the press shining more light on the Afghanistan debacle, there’s an opportunity for a more informed and collaborative approach to the war’s end.A trove of documents revealing how the public was misled about struggles in Afghanistan should prompt Congress to rescind its blank check for this endless war. Source: seattletimes.com

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World Youth Forum: Al-Sisi stresses need for “all-out war” on terrorism

“During a session on the food security in Africa, Paisley asserted that without food security, countries do not have security at all” writes Bassant Mohammed for dailynewssegypt.com. President Abdel Fattah Al-Sisi stressed at the World Youth Forum held in Sharm El-Sheikh the necessity for waging “all-out war” on terrorism, and asserted that no country can confront this phenomenon on its own.Al-Sisi called for collective world policies to eliminate terrorism, which prompted Egypt to participate in international gatherings to combat and eliminate the Islamic State (ISIS).His comments came during a session…

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OPINION: Automated Decision Systems are taking over far too much of government

“Most immediately, Mayor de Blasio should require all city agencies to publish information about every ADS tool currently being used” writes Rashida Richardson for nydailynews.com. City agencies should tell the public about how these tools are being employed and what processes they have in place to mitigate harm if and when they fail. Source: nydailynews.com

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US-China phase-one trade deal reached, increasing Chinese exports from US

“The United States and China announced on Friday that they reached a phase-one trade deal” writes Mohamed Samir for dailynewssegypt.com. Robert Lighthizer, the United States trade representative, said that according to the new deal, the US will half its 15% tariff on about $120bn in Chinese goods. North Dakota, for example, sent about 70% of its soybeans to the Pacific Northwest, bound for Asian markets and primarily China, prior to the trade war.Ahead of the trade war, China imported just around $190bn of goods and services in 2017, consequently, if…

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China is cautiously welcoming the new ‘Phase One’ deal struck with the US, but the trade war is far from over

“China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the US for starting” writes Associated Press for businessinsider.com. It added, though, that both countries are capable of prolonging the trade war, and that they must be willing to compromise if they want to resolve their differences through patient negotiations.Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term.The two countries announced a “Phase One” agreement Friday under…

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Markets News Stocks 

There are profitless companies far beyond Silicon Valley. One market expert explains how they’re a lethal factor setting the market up for a meltdown.

“If you look at the Russell 2000, about a third of Russell 2000 companies do not make profit.”” writes Christopher Competiello for businessinsider.com. As investors, we like to think that pockets of market turmoil are generally sequestered and free of contagion.His comments on unprofitable companies were echoed recently by billionaire Bond King Jeffrey Gundlach, who warned of “zombie companies” that are still in business solely because of artificially low interest rates. Source: businessinsider.com

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China welcomes preliminary deal in trade war it blames on U.S.

“China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting” writes Ken Moritsugu for latimes.com. Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. It added, though, that both countries are capable of prolonging the trade war, and that they must be willing to compromise if they want to resolve their differences through patient negotiations. “Rome was not built in a day,” it…

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Crypto News 

Tagomi Charges 0.1% on 1M Trades as Fee War Comes to Crypto

“Tagomi is trying to attract bigger volumes and increase liquidity on its platform as fee compression hits all crypto exchanges” writes Aziz Abdel-qader for financemagnates.com. Tagomi says the aggressive cuts offer some of the lowest levels in the industry, making other crypto exchanges to have room to cut.Tagomi, which operates as a prime broker in the crypto space, has cut its fees by more than 50 percent to gain market share as competition piles into the crypto trading space.Tagomi, which launched its electronic-trading service for crypto last year, is aggregating liquidity…

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