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Trump Yanks Exemption Solar Was Relying on to Duck Tariffs

(Bloomberg) — The exemption that the renewable energy world was counting on to skirt U.S. President Donald Trump’s tariffs on solar equipment is no more.The U.S. Trade Representative said Friday it was eliminating an exemption carved out about four months ago for bifacial solar panels, which generate electricity on both sides. They’ll now be subject to the duties Trump announced on imported equipment in early 2018, currently at 25%.The exclusion had been a reprieve for the solar industry, which lost thousands of jobs and put projects on ice as a result of the tariffs. Some panel manufacturers had already begun …read more […]

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REFILE-KKR seeks $1.5 billion for third special situations fund -sources

U.S. private equity firm KKR & Co Inc is seeking to raise $1.5 billion for its third special situations fund, people familiar with the matter said on Friday. KKR Special Situations Fund III, which was registered with regulators in June, will acquire distressed debt at a discount, said three sources who requested anonymity to discuss the matter. KKR, which has not announced the fundraising target, declined to comment. …read more […]

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UPDATE 1-PayPal withdraws from Facebook's Libra Association

U.S. payments processor PayPal Holdings Inc announced Friday it was withdrawing from the Libra Association, a Facebook-led effort to build a global digital currency. PayPal said it would forgo any further participation in the group, saying instead it would focus on its own core businesses. “We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future,” the company said in a statement. …read more […]

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MGM Resorts Leads U.S. Travel Sector With Job Cuts So Far in 2019

The U.S. travel industry continues to see an overall tight job market, benefiting from a strong economy that drove the unemployment rate to a half-century low, the U.S. Bureau of Labor Statistics reported Friday. But some individual travel companies experienced job cuts tied to retrenchment this year, providing a humbling context to Friday’s jobs report. […] …read more […]

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Tesla automated parking problems seen liability of app 'driver' for now

If the accidents pile up, though, Tesla itself is sure to be brought into a legal fight, insurance industry experts said. A Tesla software update last week added a so-called Smart Summon feature for some customers. Users start the car by holding down a button and stop the car by releasing it, Tesla said in instructions, warning users to be careful. …read more […]