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Updated at 7:35 p.m. ET

Facing new accusations about how it handles users' data, Facebook says "we disagree" with reports that the company exposed a wealth of private information to other tech giants as part of its plan to become ubiquitous on mobile devices.

Facebook says it made deals with about 60 companies, from Apple, Amazon and Blackberry to HTC, Microsoft and Samsung, to "recreate Facebook-like experiences" on their devices.

Originally, it was just a name — Olga Monsanto's name, to be precise.

Around the turn of the 20th century, she married a man named John Francis Queeny. He named his artificial sweetener company after her. And over decades, that company expanded from the sweetness business into agri-chemicals, where it began to dominate the industry.

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Australia's largest bank has been hit by a record $531 million fine for delays in reporting tens of thousands of transactions – a breach of the country's anti-money laundering and counterterrorism regulations.

The Commonwealth Bank of Australia, or CBA, admitted that it had been late in reporting 53,000 transactions in excess of AU$10,000 over a three-year period from 2012 to 2015. The settlement, which amounts to AU$700 million, is the largest civil penalty in Australia's corporate history.

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The finance ministers from the six non-U.S. members of the G-7 issued a statement Saturday criticizing the trade actions taken by the Trump administration.

The U.S. announced Thursday that it would extend tariffs — 25 percent on steel and 10 percent on aluminum — to Canada, Mexico and the European Union, citing national security concerns as the main reason for implementation.

The WTO And Trump's Tariffs

Jun 3, 2018

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In a few short decades, Frida Kahlo has gone from mainly known as the wife of of prominent Mexican painter Diego Rivera to becoming a pop culture icon. These days, she has far surpassed her husband's fame. Converse, Forever 21 and Zara have sold shoes and clothes with Frida's image.

The Impact Of Tariffs On Mexico

Jun 2, 2018

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Canada Responds To Tariffs

Jun 2, 2018

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As Samuel Dabney told it, the whole thing began with pizza parlors.

Dabney, who generally went by Ted, and Nolan Bushnell had been working together at an electronics company called Ampex back in the mid-1960s, and Bushnell had an idea for a "carnival-type pizza parlor," Dabney recalled in 2012.

The Most Surprising Number In Friday's Jobs Report

Jun 1, 2018

The U.S. unemployment rate dipped to 3.8 percent last month, an 18-year low. But a more dramatic drop occurred in black unemployment, which fell to a record low 5.9 percent, suggesting that African-Americans are also benefiting from job gains in this booming economy.

Every month, the Labor Department gives us the latest read on how many jobs the economy is creating. That figure has huge influence — it can move stock markets and interest rates — and it can also be way, way off. Today, we talk to an economist who used to help put out the monthly jobs report. She explains how to read that number, which indicator might be better to look at...and why some people might need to calm down about jobs day.

President Trump has ordered Energy Secretary Rick Perry to take immediate steps to help financially troubled coal and nuclear power plants.

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The U.S. is not only in a trade fight with the European Union but also with allies closer to home. Mexico and Canada are both disappointed by the new aluminum and steel tariffs. The Canadians have promised to retaliate.

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The European Union is fighting back against tariffs on aluminum and steel announced by the Trump administration. Here's Cecilia Malmstrom, the EU's commissioner for trade, speaking today in Brussels.

Friday News Roundup - International

Jun 1, 2018

In trade news, President Trump put tariffs on Canada, Mexico and the European Union Thursday.

After U.S. tariffs on imports of European steel and aluminum took effect Friday morning, the EU's top trade commissioner called them "illegal" and a classic case of protectionism.

The EU plans to make its case to the World Trade Organization.

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Updated at 10:26 a.m. ET

As the country has clawed its way back from the worst recession in generations, companies have been creating plenty of jobs. Employers added another 223,000 positions last month alone, the Labor Department said Friday. And the unemployment rate ticked down to 3.8 percent, the lowest since 2000, from April's 3.9 percent.

It only covers about 178 workers, but it's still a union foothold: Flight-readiness technicians and inspectors at Boeing's factory in North Charleston, S.C., voted to unionize on Thursday, more than a year after a broader union vote failed at the plant that makes Boeing 787 airliners.

The workers will be represented by the International Association of Machinists and Aerospace Workers union, despite intense resistance from Boeing.

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As talks with Beijing over China's trade practices dragged on last month, Treasury Secretary Steve Mnuchin appeared on Fox News with word of some progress.

"We're putting the trade war on hold. So right now we have agreed to put the tariffs on hold," Mnuchin said on May 20.

Updated at 4:44 p.m. ET June 6

On Tuesday, California held its congressional primaries and in one largely rural district, there was a new kind of money entering politics: payments to Facebook, where messages can be sharply targeted and it's cheaper to advertise than on radio, TV or newspapers.

In California's 4th Congressional District, one political novice bought his way into relevance using the social network, and has helped shape a hotly contested Democratic race, stirring up animosity in the process.

When economist Tim Harford was planning a trip to China, he realized he would not be able to access a lot of the online services he has come to rely on: no email, no maps, no internet search. He started to wonder what the value was for these services and he came across a study that look at just that: It put a dollar amount on how much these services are worth to us.

Link:

Using Massive Online Choice Experiments to Measure Changes in Well-being

Updated at 8:18 p.m. ET

The Trump administration's latest move to impose tariffs on steel and aluminum imports from the U.S.'s biggest strategic and trade partners has touched off a barrage of criticism and retaliation.

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