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U.S. stock futures tumble after Trump threatens China with steeper tariffs

(Reuters) - Wall Street stock index futures fell sharply on Sunday after U.S. President Donald Trump said he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and soon target hundreds of billions more. A cargo ship is seen behind containers at an automated container terminal in Qingdao port, Shandong province, China October 1, 2018. Picture taken October 1, 2018. REUTERS/StringerTrump’s announcement came ahead of another round of talks between U.S. and Chinese officials in Washington scheduled for this week. White House officials were unaware on Sunday afternoon if Trump’s tweet would affect those talks. The Chinese delegation could decide not to come…

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Trump vows new tariff hike on Chinese goods, escalating tension in trade talks

WASHINGTON (Reuters) - President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. The move marked a major escalation in trade tensions between the world’s two largest economies and a shift in tone from Trump, who cited progress in talks as recently as Friday. But a less than rosy update from United States Trade Representative Robert Lighthizer, including details that China was pulling back from some commitments it made previously, prompted Trump’s decision and jab on Twitter at Beijing.…

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Fed faces tough sell on inflation framework

PALO ALTO, Calif. (Reuters) - Federal Reserve policymakers fear they are ill-equipped to battle the next recession under their current inflation-targeting approach, and this year are well into an effort to vet new strategies for managing interest rates in a world of muted inflation and low borrowing costs. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File PhotoBut for the U.S. central bankers and monetary policy experts who converged in Palo Alto Friday to discuss available options, the challenge was clear: not only will it be difficult to settle on a better framework before the next recession hits, figuring…

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Boeing did not disclose 737 MAX alert issue to FAA for 13 months

CHICAGO/WASHINGTON (Reuters) - Boeing Co (BA.N) did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File PhotoThe U.S. planemaker has been trying for weeks to dispel suggestions that it made airlines pay for safety features after it emerged that an alert designed to show discrepancies…

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Trump says Special Counsel Mueller should not testify on Russia probe

WASHINGTON (Reuters) - U.S. President Donald Trump said on Sunday that Special Counsel Robert Mueller should not testify in Congress about the investigation into Russian interference in the 2016 presidential election, after saying on Friday it was up to the Justice Department’s top official. FILE PHOTO: Robert Mueller, as FBI director, testifies before a Senate Intelligence Committee hearing on Capitol Hill in Washington March 12, 2013. REUTERS/Kevin Lamarque/File PhotoTrump said on Twitter that Democrats in Congress were seeking a “redo” of Mueller’s report, which declined to conclude whether the president’s efforts to impede the investigation constituted obstruction of justice. “Bob Mueller should not testify. No redos for…

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Sri Lanka imposes curfew in Negombo after clashes, bans social media

COLOMBO (Reuters) - The Sri Lankan government has reimposed a ban on social media platforms in an effort to stop the spread of rumors after violence erupted between groups of civilians in Negombo, north of the capital and site of one of the Easter Sunday bombings. The bombings by Islamist militants, which killed more than 250 people, have raised fears that Muslims could be targets of communal violence. A curfew has been imposed in the Negombo area until 7 a.m. local time. Reporting By Shihar Aneez and Ranga Sirilal; Editing by David GoodmanOur Standards:The Thomson Reuters Trust Principles.

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Boeing says safety review corroborated its findings on a 737 MAX sensor

CHICAGO (Reuters) - Boeing Co said on Sunday that a Safety Review Board convened in late 2018 corroborated its prior conclusion that an angle-of-attack (AOA) sensor on the 737 MAX, which has suffered two fatal crashes, was not necessary for the safe operation of commercial aircraft. FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019. REUTERS/Lindsey Wasson/File PhotoIn a statement following a series of negative news reports, Boeing provided greater detail on its recent decision to make the previously optional AOA Disagree alert a standard, standalone feature on the 737 MAX before the…

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Israel halts gas supplies from Tamar due to Gaza violence

JERUSALEM (Reuters) - Israel’s energy minister decided on Sunday to temporarily halt natural gas supplies from the offshore field Tamar due to a surge in violence with Gaza militants, the ministry said in a statement. Israel receives most of its natural gas supplies from Tamar. The field is located some 90 kilometers (56 miles) in deep waters of the Mediterranean, but its production platform stands just 25 kilometers off the coast of southern Israel. The Gaza Strip, where cross-border fighting between militants and Israel surged on Sunday, is visible from the platform and within range of Palestinian rockets. Energy Minister Yuval Steinitz declared an emergency to ensure…

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Death tolls rise in surging Israel-Gaza fighting

GAZA/JERUSALEM (Reuters) - Rockets and missiles from Gaza killed three civilians in Israel while Israeli strikes killed 12 Palestinians, most of them militants, in surging cross-border fighting on Sunday, according to Gazan officials and the Israeli military. Israeli Prime Minister Benjamin Netanyahu said he ordered the military to continue “massive strikes” against Gaza’s ruling Hamas group and Islamic Jihad, in the most serious border clashes since a spate of fighting in November. Israel’s military said more than 600 rockets and other projectiles - over 150 of them intercepted by its Iron Dome anti-missile system - have been fired at southern Israeli cities and villages since Friday. It…

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Fake mews? Confusion over cat at Thai king’s coronation ceremony

BANGKOK (Reuters) - Animal lovers in Thailand were thrown into confusion on Sunday over whether a Siamese cat presented to the newly crowned Thai king and his queen was a living feline - or not. Royal officials place a chicken and a cat next to the bed of Thailand's King Maha Vajiralongkorn during the ceremony of Assumption of the Royal Residence inside the Grand Palace in Bangkok, Thailand, May 4, 2019. The Committee on Public Relations of the Coronation of King Rama X via REUTERS Thailand is holding three days of coronation events for King Maha Vajiralongkorn, 66, who was officially crowned on Saturday in elaborate ceremonies.…

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