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U.S. and Taiwan deepen economic ties amid china tensions

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U.S. announces it will start formal talks on trade and investment with Taiwan

The formal negotiations will deepen economic ties, but the move will heighten tensions with China.

The first round of trade talks is set to take place “early this fall”

This information comes from the Office of the U.S. Trade Representative

The deal would tighten ties on digital trade, agri­cul­ture, labor and environment standards among other issues.

The office added it wants to advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses.

“The United States and Taiwan will seek to will deepen our trade and investment relationship, advance mutual trade priorities based on shared values, and promote innovation and inclusive economic growth for our workers and businesses,” the office said in the statement.

Meanwhile, Taiwan’s Office of Trade Negotiations said in a statement that it want to promote trade of its agricultural products and help small and medium-sized enterprises expand to U.S. markets.

The island’s Office of Trade Negotiations said signing trade deals with the US would “not only help” Taiwan join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, but would “deepen institutionalized links with other countries.”

“Both sides have shown a high degree of ambition and look forward to achieving concrete results as soon as possible and signing a trade agreement,” Taiwan’s trade negotiations office added.

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Business

New York Stock Exchange in free fall

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Human error sends the New York Stock Exchange tumbling

We’ve all made mistakes at the office from time to time, but spare a thought for one worker who may have single-handedly brought down the New York Stock Exchange with just one tiny error.

The mistake of one employee has wiped billions of dollars off the charts for some of the globe’s largest companies.

The individual reportedly triggered wild swings and volatility on the New York Stock Exchange.

A number of big brand names were caught up in the catastrophe. It included McDonald’s, Walmart, and Mobil.

The NYSE eventually came clean. Officials admitted the“root cause” of the screw-up was a “manual error” from a staff member in the backup data centre.

The employee accidentally left the system running.

That’s why some stocks behaved as if trading had already started, with no opening prices being set, sending the market into a meltdown. #trending #featured

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Sport

Bombshell pro-Russian video emerges from Australian Open

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A bombshell video has emerged of the father of tennis star Novak Djokovic, amplifying the Russian controversy the Australian Open

 
Djokovic’s father was seen posing for pictures with a group of Putin supporters after his son won against Russia’s Andrey Rublev, to qualify for his 10th semi-final.

Russian flags have been banned from the Australian Open, but that didn’t stop one fan.

A man was seen holding a Russian flag with Putin’s face on it and wearing a t-shirt with the pro-war ‘Z’ symbol on it.

Four spectators were questioned by police and evicted from Melbourne Park.

After losing her semi-final, Belarusian Viktoria Azarenka hit back at media when pressed on tennis’ relationship with Russia’s war on Ukraine.

She told reporters incidents like Novak’s father posing with Russian fans have nothing to do with players.

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World

FBI Director discusses classified documents as U.S. lawmakers demand answers

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Bipartisan outrage on Capitol Hill as politicians say the Biden administration is stonewalling their quest for answers

FBI Director Christopher Wray is speaking out for the first time after several batches of classified documents were discovered in U.S. President Joe Biden’s Wilmington home and Washington think tank office.

On Thursday, Wray urged lawmakers and officials to be “conscious of the rules” when dealing with classified documents.

The statements appear to be a veiled criticism of President Biden after news broke that some of the classified papers in the President’s possession date back 14-years ago to when Biden was a Delaware Senator raising questions if this is a pattern for the president to mishandle classified information.

Meanwhile, on Capitol Hill, there is bipartisan outrage as lawmakers say the Biden administration is stonewalling them in their quest for answers.

Currently, both Biden and former President Donald Trump are facing special counsel investigations into their mishandling of classified documents—and just this week, former Vice President Mike Pence turned over classified documents to the DOJ.

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