Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]

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Kushners Give Up Control of Manhattan Tower to Save Themselves

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The Kushners have found their out — and it comes at a price. The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. […]

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Did Chris Collins Forget the Martha Stewart Trial?

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The day after Christmas 2001, Sam Waksal, the chief executive of ImClone Systems, began selling off shares in the company after learning that the Food and Drug Administration according to the indictment. Then Cameron Collins gave the information to his future father-in-law, Stephen Zarsky. Cameron Collins also told his fiancée and his future mother-in-law. They […]

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Kushners Unload 666 Fifth Ave. to Brookfield in 99-Year Lease

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The Kushner family’s real estate company has secured a crucial investment in its over-leveraged New York skyscraper, reaching a deal to lease the building’s office space for 99 years to a Canadian asset manager. The arrangement with disclosed. The Kushner family’s years-long hunt for a partner has at times drawn intense public scrutiny, as talks […]

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Heatwave Boosts U.K. Retailers But Concerns Mount Over Rate Hike

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The sweltering summer drove Britons to splurge on food, drink and days away but the boost to retailers may prove short-lived, with higher interest rates expected to hit already fragile consumer confidence, surveys published Tuesday found. Payments processor Barclaycard said that spending rose an annual 5 percent in July, capping the strongest three-month period since […]

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

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President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. […]

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Tesla Is Cutting About 9% of Workers on Musk’s Profitability Push

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Elon Musk has finally been forced to rethink his vaulting ambitions for for months: Tesla has reached a pivotal moment. After misjudging how quickly the carmaker would be able to mass-manufacture an electric vehicle for the first time, the chief executive officer is pumping the brakes from years of hiring at breakneck speed. Difficult, but […]

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Here Are the Stocks to Watch After Two Koreas Agree to End War

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Kospi index closed before agreement was announced Friday Kim pledges to close main nuclear weapons test site in May agreed to finally end a seven-decade war this year, and pursue the “complete denuclearization” of the Korean Peninsula. On Sunday, Kim agreed to look at ways to connect their rail and road networks. Builder Hyundai Engineering […]

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Russian Hackers Attacking U.S. Power Grid and Aviation, FBI Warns

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U.S. officials warn of attacks, including on nuclear plants Cyber-attacks underway since at least March 2016, U.S. says reported in July that Russian hackers had breached more than a dozen power plants in seven states, an aggressive campaign that has since expanded to dozens of states, according to a person familiar with the investigation. "Since […]

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The Worlds Highest Paid Expats Live in This Place

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Go East, expatriates looking to make the big bucks. Mumbai, India’s financial, commercial and entertainment capital, tops global rankings for expat salaries, according to a survey conducted by HSBC Bank International Ltd. Foreigners moving to the subcontinent’s most populous city reported average annual earnings of $217,165. That’s more than double the global expat average of $99,903, the […]

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