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Turkish court rejects U.S. pastor’s appeal

ISTANBUL (Reuters) - A Turkish court rejected an appeal on Tuesday for an American pastor to be released from house arrest during his trial on terrorism charges, his lawyer said, in a case that has raised the threat of U.S. sanctions against Ankara. FILE PHOTO: U.S. pastor Andrew Brunson reacts as he arrives at his home after being released from the prison in Izmir, Turkey July 25, 2018. Demiroren News Agency, DHA via REUTERS Relations between the two NATO allies have spiraled into a full-blown crisis over the trial of Christian pastor Andrew Brunson, who was held for 21 months in a Turkish prison until his transfer…

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Apple buybacks eclipse value of most S&P 500 companies

(Reuters) - Apple Inc said on Tuesday it handed its shareholders $20 billion through share buybacks in the June quarter, bringing its tally this year to a record $43 billion and helping push its stock price to an all-time high. A visitor uses his iPhone X to take photos of the stage at the Apple Worldwide Developer conference (WWDC) in San Jose, California, U.S., June 4, 2018. REUTERS/Elijah Nouvelage With a mountain of overseas cash freed up by last year’s sweeping U.S. corporate tax cuts, Apple’s share repurchases in the first half of calendar 2018 exceed the stock market value of almost three quarters of the companies…

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Sanofi has been stockpiling drugs for no-deal Brexit: WSJ

(Reuters) - French drugmaker Sanofi (SASY.PA) has been making drug-shortage contingency plans for more than a year to prepare for Britain and the European Union failing to reach a Brexit transition deal, the Wall Street Journal reported on Tuesday, citing a source. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau/File Photo Stocks have been increased for all therapeutic areas by about four weeks to a total of 14 weeks’ supply, excluding medicines that are in constant shortage. The stock for vaccines, of which Sanofi is a large producer, has also been…

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Wall St. bounces back, led by industrials

NEW YORK (Reuters) - U.S. stocks rebounded on Tuesday, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 27, 2018. REUTERS/Lucas JacksonBoth the S&P 500 and the Dow Jones Industrial Average posted their biggest monthly percentage gains since January, when markets hit peak levels. The markets were buoyed by a Bloomberg report bloom.bg/2mZgU3V that U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are exploring ways to cool down the tariff war brewing between the…

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Apple earnings beat expectations as it sells pricier iPhones

(Reuters) - Apple Inc on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud. FILE PHOTO: The company's logo is seen outside Austria's first Apple store, which opens on February 24, during a media preview in Vienna, Austria, February 22, 2018. REUTERS/Heinz-Peter Bader/File Photo Apple beat sales estimates in part by selling fewer but pricier iPhones than analysts expected. The company sold 41.3 million units, below expectations of 41.8 million units. The average iPhone selling price hit $724, beating analyst…

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North Korea leader has committed to denuclearize: U.S. spokeswoman

WASHINGTON (Reuters) - The United States is holding North Korea’s leader Kim Jong Un to the commitment he made during a June summit with U.S. President Donald Trump to denuclearize, a State Department spokeswoman said on Tuesday after U.S. spy satellite material showed renewed activity at a North Korean missile factory. FILE PHOTO: U.S. President Donald Trump shows the document, that he and North Korea's leader Kim Jong Un signed acknowledging the progress of the talks and pledge to keep momentum going, after their summit at the Capella Hotel on Sentosa island in Singapore June 12, 2018. At right is U.S. Secretary of State Mike Pompeo. REUTERS/Jonathan…

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Manafort’s lawyer says former business partner Gates to blame

ALEXANDRIA, Va. (Reuters) - A lawyer for Paul Manafort, the former campaign chairman of U.S. President Donald Trump, on Tuesday accused Manafort’s former partner Rick Gates of embezzling money and blamed Gates for the financial charges against Manafort. Defense attorneys Jay Nanavati, (L), and Richard Westling, (R), arrive ahead of Former Trump campaign manager Paul Manafort arriving at U.S. District Court for the opening day of his trial on bank and tax fraud charges stemming from Special Counsel Robert Mueller's investigation into Russian meddling in the 2016 U.S. presidential election, in Alexandria, Virginia, U.S., July 31, 2018. REUTERS/Aaron P. Bernstein“Rick Gates had his hand in the cookie…

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Prosecutors rip into Trump’s ex-campaign chief Manafort as trial opens

ALEXANDRIA, Va. (Reuters) - The prosecution on Tuesday portrayed U.S. President Donald Trump’s former campaign chairman Paul Manafort as a man who felt tax and banking laws did not apply to him and described how he opened more than 30 bank accounts in three foreign countries to “receive and hide” income from Ukraine. Jurors in federal court in Virginia heard opening statements from the prosecution and defense in Manafort’s trial on charges that he hid tens of millions of dollars earned in Ukraine in offshore accounts and defrauded banks for loans. It is the first trial arising from Special Counsel Robert Mueller’s investigation of Russia’s role in…

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San Francisco Officials to Tech Workers: Buy Your Lunch

SAN FRANCISCO — The corporate campuses of the Bay Area’s technology companies have become independent fiefs with dry cleaning, gyms, doctors, shuttle buses and bountiful free meals, made by the best chefs poached from the region’s famous restaurants. Now, local officials are knocking at the gates.And they are coming for the food.Two San Francisco supervisors introduced an ordinance last week that would forbid employee cafeterias in new corporate construction. It is not clear whether the measure will pass, but it is a direct attack on one of the modern tech industry’s most entrenched traditions.The ordinance, which seeks to force tech workers out of their subsidized cafeterias and…

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U.S. government seeks to boost collaboration with industry on hacks

NEW YORK (Reuters) - The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging threats. U.S. Vice President Mike Pence speaks to attendees during the Department of Homeland Security's Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. REUTERS/Eduardo MunozHomeland Security Secretary Kirstjen Nielsen unveiled plans to set up a national risk management center where the government will initially work with financial firms, energy companies and telecommunications providers to help identify industry security weaknesses, develop response plans and run cyber drills. “We are…

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