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U.S. and China to resume trade talks next week in Beijing

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday that he and other U.S. officials will travel to Beijing next week for trade talks, aiming to clinch a deal to avert a March 2 increase in U.S. tariffs on Chinese goods. U.S. Treasury Secretary Steven Mnuchin speaks to the media at the White House in Washington, U.S., February 6, 2019. REUTERS/Jim YoungMnuchin said in an interview with CNBC that the talks he and U.S. Trade Representative Robert Lighthizer led in Washington last week with China’s Vice Premier Liu He were “very productive.” “Ambassador Lighthizer and myself and a large team are on our way to…

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Democrat Schiff draws Trump ire with House intel probes

WASHINGTON (Reuters) - The House Intelligence Committee is set to pursue a wide investigation into attempts to influence the 2016 U.S. presidential election, including a look at Donald Trump’s financial transactions, the panel’s Democratic chairman Adam Schiff said on Wednesday. A day after the Republican president warned Democrats against “ridiculous partisan investigations” in his annual State of the Union address, Schiff said they would not be intimidated. “We’re going to do our proper oversight,” he told reporters after the intelligence panel’s first meeting, which was closed. The committee voted to provide transcripts of testimony it took behind closed doors in its probe of Russian interference in the…

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Chipotle’s fresh food campaign drives profit beat, shares surge

(Reuters) - Chipotle Mexican Grill Inc topped Wall Street forecasts for quarterly earnings as aggressive marketing helped lure more diners and boost online orders, sending its shares up 10 percent in after-hours trading on Wednesday. FILE PHOTO: The logo of Chipotle Mexican Grill is seen at a restaurant in Paris, March 7, 2016. REUTERS/Charles Platiau/File PhotoMore than three years after a series of food-borne illnesses at restaurants tarnished the burrito chain’s reputation, the company has tried to win back customers through fresh menus and targeted marketing campaigns. Its latest campaign, called “For Real,” ran both on social media platforms and at restaurants, showcasing the freshness of ingredients…

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White House expects to take action on 5G, artificial intelligence soon

FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman/File PhotoWASHINGTON (Reuters) - The White House will take “executive action” in the coming weeks to make sure the United States keeps its research and development advantage in artificial intelligence, advanced manufacturing, quantum computing and next generation wireless networks, known as 5G, a White House official said on Wednesday. President Donald Trump discussed investing in what he called “industries of the future” as part of expanded infrastructure investment in his State of the Union address Tuesday evening. The White House, which held meetings last year to discuss these…

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Work urgently with me on Brexit: Britain’s May appeals to EU

LONDON (Reuters) - Prime Minister Theresa May will call on the European Union on Thursday to work with her to change a divorce deal and help her win the support of a divided parliament to smooth Britain’s departure from the bloc. Britain's Prime Minister Theresa May visits a community centre in Belfast, Northern Ireland February 5, 2019. REUTERS/Clodagh Kilcoyne/PoolBefore arriving in Brussels for talks with EU leaders, May acknowledged that her task - to force change to a deal agreed almost three months ago - would not be easy, and a government source said a breakthrough on Thursday was not expected. But she will tell European Commission…

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Labour’s Corbyn puts forward terms for backing UK PM May on Brexit

FILE PHOTO: Jeremy Corbyn, Leader of the Labour Party, pauses as he gives a speech days after he called a vote of no confidence in Prime Minister Theresa May's government, in Hastings, Britain, January 17, 2019. REUTERS/Peter Nicholls/File Photo(Reuters) - British opposition leader Jeremy Corbyn met Prime Minister Theresa May last week and has written her a letter putting forward five demands by his Labour Party on the Brexit deal, his party said late on Wednesday. In the letter made public on Wednesday, Corbyn said the Brexit deal must include a “permanent and comprehensive” UK-wide customs union, a close alignment with the single market, “unambiguous agreements” on…

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GoPro tops revenue estimates, posts first profit in five quarters

(Reuters) - GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for the latest action cameras from its flagship HERO line. FILE PHOTO - A GoPro camera is seen on a skier's helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo GoPro, whose mounted cameras are used by everyone from action junkies to Instagram travel bloggers, has launched cheaper cameras to drive demand, exited a failing drone business and become leaner through job cuts, helping it revive profit…

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Tinder growth powers Match earnings beat, shares soar

(Reuters) - Match Group Inc beat Wall Street estimates for fourth-quarter revenue and profit on Wednesday as its popular dating app, Tinder, attracted more subscribers, sending its shares up as much as 12 percent in extended trading. FILE PHOTO - The dating app Tinder is shown on an Apple iPhone in this photo illustration taken February 10, 2016. REUTERS/Mike Blake/IllustrationMatch has been investing heavily in Tinder and its other dating services as it looks to grab a bigger slice of the online dating market, which is estimated to touch $12 billion in 2020 by Nomura analysts. Tinder — which has made “swipe left” and “swipe right” a…

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Tech Fix: Are Your Children Racking Up Charges From Mobile Games? Here’s How to Fight Back

Is your child a “whale”?A teenager once spent $6,500 on Facebook games over two weeks, according to a recent report by the Center for Investigative Reporting. Some Facebook employees internally referred to these children as “whales,” a term typically used by casinos to describe the highest of high rollers.The report follows actions by the Federal Trade Commission five years ago that required Apple and Google to issue millions of dollars in refunds to parents whose children made unauthorized in-app charges. In 2017, the F.T.C. made a similar arrangement with Amazon. At the heart of all of this are mobile games that persuade children — who are the…

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Banks weigh whether to embrace or avoid progressive firebrand Ocasio-Cortez

WASHINGTON (Reuters) - Court, avoid or sideline? Rep. Alexandria Ocasio-Cortez (D-NY) talks with a colleague as they await President Trump's second State of the Union address. REUTERS/Jonathan Ernst Barely a month into the new Congress, financial lobbyists in Washington are already strategizing how to handle the star power of rookie Democrat lawmaker Alexandria Ocasio-Cortez. The Democratic Socialist and Wall Street critic joined the 60-member House Financial Services Committee in mid-January and more than a dozen lobbyists interviewed by Reuters say the 29-year-old activist and former bartender is too high-profile to ignore. Richard Hunt, chief executive of the Consumer Bankers Association, said he had not encountered a lawmaker…

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