• White House: 'We Won't Forget' How Turkey is Treating US Pastor

    White House: 'We Won't Forget' How Turkey is Treating US Pastor

    Markets

    Last week, Trump tweeted that his administration was doubling aluminum and steel tariffs for Turkey, and in response Ankara sharply hiked tariffs on some U.S. The row has seen Ankara put around $500 million of tariffs on some U.S. imports and boycott American electronic products in retaliation for the Trump administration's sanctions on some Turkish officials.
  • China Complains to WTO Over US Trade Tariffs

    China Complains to WTO Over US Trade Tariffs

    Markets

    China's commerce ministry said a United States decision to subsidise renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, firing the latest shot in a broader trade conflict.
  • Turkish lira rebounds after Qatar pledges $15 billion

    Turkish lira rebounds after Qatar pledges $15 billion

    Markets

    The decision came after Qatar's emir, Sheikh Tamim bin Hamad Al Thani, met with Turkish President Recep Tayyip Erdogan in Ankara. The currency had rebounded some 6 percent on Wednesday after the central bank squeezed lira liquidity in the market, effectively pushing up rates and supporting the currency.
  • China-US to resume trade talks after tit-for-tat tariff battle

    China-US to resume trade talks after tit-for-tat tariff battle

    Markets

    Cinna's Commerce Ministry says visiting at the invitation of the US. A Chinese trade delegation will visit the USA this month to kick off a new round of talks, the first since negotiations broke down two months ago. Investors were also watching the impact of United States sanctions on Tehran, which analysts say could remove as much as 1 million bpd of Iranian crude from the market by next year.
  • United Kingdom jobless rate falls to lowest since 1975

    United Kingdom jobless rate falls to lowest since 1975

    Markets

    Tuesday´s data also showed productivity grew at its fastest annual rate since late 2016 and the number of people whose main job was an insecure zero-hours contract fell by the most since 2000, the Office for National Statistics said. Pay growth excluding bonuses was up 2.7%, the slowest rate since January. Responding to the news, the pro-Brexit group Get Britain Out tweeted : "Wait, didn't [the anti-Brexit People's Vote group] say Brexit is causing mass unemployment?..." The number of ...
  • Corona’s Brewer Just Bet $4 Billion on Canadian Pot

    Corona’s Brewer Just Bet $4 Billion on Canadian Pot

    Markets

    Constellation Brands is spending C$5 billion ($3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp., betting legalization of the drug will continue to gain traction in the US and around the world. Canopy, based in Smiths Falls, Ontario, has specialized in the medical product and doesn't now have operations south of the border. Today is all about this morning's transformative announcement, which sends shock waves throughout the sector.
  • Russian Federation and Turkey to trade in national currencies not United States dollar

    Russian Federation and Turkey to trade in national currencies not United States dollar

    Markets

    Moscow recently declared Moscow will decrease its holdings of USA assets in retaliation against increasing tariffs imposed by Trump on Russian Federation and Turkey. dollar. He also described spreading false news about the economy as treason and recent USA actions as a stab in the back against Turkey. Turkey's foreign minister said on Tuesday he hoped his country and Russian Federation could find a solution over the northern Syrian region of Idlib, a rebel-held enclave which the Syrian ...
  • Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

    Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

    Markets

    Earlier, Turkish media reports hinted that Turkey had been "frustrated" with Qatar for being silent on the crisis. She said the US was "monitoring the situation". Erdogan on Tuesday said Turkey would boycott U.S. electronic goods like iPhones , even though he has himself been photographed repeatedly using the product himself.
  • Turkey to Boycott US Goods, Erdogan 'Ready for War'

    Turkey to Boycott US Goods, Erdogan 'Ready for War'

    Markets

    Investors stepped up safe-haven holdings of the us dollar due to worries about China and Europe's exposure to Turkey, which pushed the euro to its weakest level in over a year. Synnex Technology (聯強), Acer (宏碁), and Asus (華碩) all reportedly have productions facilities in Turkey, and will certainly be impacted by the trade spat and the crash of the lira .
  • Bridge collapse in Genoa kills at least 39, sparks public outrage

    Bridge collapse in Genoa kills at least 39, sparks public outrage

    Markets

    By Wednesday, they all had been evacuated by authorities. At least two more people have been pulled out today. Valentina Galbusera knows now how very close she came to plunging over that bridge, saying she would have died. Tens of thousands of bridges and viaducts built in the 1950s and 1960s should be repaired or replaced. Mehdi Kashani, an associate professor in structural mechanics at the University of Southampton in Britain, said pressure from "dynamic loads", such as heavy traffic ...
  • Turkey slaps retaliatory tariff hikes on key US products

    Markets

    Tensions between the United States and Turkey have been steadily rising since American pastor Andrew Brunson was detained by Turkish officials on charges of terrorism and espionage. While the decline accelerated last Friday after the Trump administration announced new tariffs on Turkey, the USA denied responsibility for Turkey's economic state.
  • Sarah Sanders Corrects Her False African American Jobs Claim

    Markets

    In a morning tweet , Mr Trump praised his chief of staff, John Kelly, for firing Ms Manigault Newman past year. Manigault Newman, who contends in her new book that she was offered a hush-money contract with the Trump campaign paying $15,000 a month, is hardly the first erstwhile staffer to find a lucrative off-ramp in the expanse of pro-Trump political organizations.
  • Turkish Erdogan’s Spokesman expects Lira recovery to continue

    Turkish Erdogan’s Spokesman expects Lira recovery to continue

    Markets

    Asked how the Trump administration would react to any such Turkish boycott, Sanders replied during Tuesday afternoon's briefing, "I certainly don't have a policy announcement on that at this point". Brunson's Evangelical Presbyterian Church describes him as a "teaching elder" who moved to Turkey in 1993 as part of a missionary programme. But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis.
  • Turkey to boycott U.S. electronics, including iPhone

    Turkey to boycott U.S. electronics, including iPhone

    Markets

    He renewed a call on Turkish citizens to convert their dollars into the local currency . The development on Wednesday comes amid escalating tensions between Turkey and the United States, its North Atlantic Treaty Organisation ally. "If they have the iPhone on the other hand there is Samsung ". "And now we will support him with our goods". But shopkeeper Umit Yilmaz scoffed.
  • Turkey to reduce currency risk for companies, Finance Minister Albayrak says

    Turkey to reduce currency risk for companies, Finance Minister Albayrak says

    Markets

    Turkish business groups are begging President Recep Tayyip Erdogan to make amends with the U.S.in an effort to save the Turkish economy, the Financial Times reported . Erdogan has called on Turks to exchange their dollars for lira in order to shore up the domestic currency . Cavusoglu said that USA sanctions were being used to attack countries across the world and exert pressure on them, causing alarm in Europe.
  • In first, transgender woman wins Democratic nomination for Vermont governor

    In first, transgender woman wins Democratic nomination for Vermont governor

    Markets

    They are not going to elect me because of the fact that I'm transgender - that's the reality", Hallquist said , adding: "Obviously, nationwide it's significant, the first transgender governor. It was also enough to knock Scott out of his place in the top 10 - which he had shared with popular blue-state GOP Govs. But Scott is still the favorite in the race, with Cook Political Report rating it " solid Republican ".
  • OPEC output rises on Nigeria, Kuwait supplies

    OPEC output rises on Nigeria, Kuwait supplies

    Markets

    Crude slid to the lowest in seven weeks as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand. Brent crude futures for October delivery rose 74 cents to $73.35 a barrel by 11:00 a.m.
  • Erdogan Vows to Boycott U.S. Electronic Goods Amid Pastor Spat

    Erdogan Vows to Boycott U.S. Electronic Goods Amid Pastor Spat

    Markets

    The lira lost 20% of its value versus the dollar on Friday . He also said on Friday that he had ordered to double U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. The industry ministry announced the activation of $1.2bn for the Turkish industrial production, along with some other measures taken by the finance ministry on Tuesday.
  • Musk in talks with Saudi fund, others on Tesla buyout

    Musk in talks with Saudi fund, others on Tesla buyout

    Markets

    Musk is going full steam ahead and working with financial advisors Silver Lake and Goldman Sachs as well as receiving legal advice from law firms Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson. The PIF board is headed by the Crown Prince Mohammed bin Salman. A link between Musk's tweet and the Saudi involvement was soon made as the CEO's announcement ended with the " funding secured " phrase.
  • Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

    Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

    Markets

    The Trump administration punished Turkey with economic sanctions and traffic hikes over the detention of an American Christian pastor standing trial on disputed terrorism charges. "If they've got iPhone, there is Samsung on the other side". "What do you want to do?" "On the one hand you are going to be a strategic partner and on the other hand you put a bullet into your strategic partner", Erdogan added.
  • World’s least liveable cities dominated by crime, civil unrest and terrorism

    World’s least liveable cities dominated by crime, civil unrest and terrorism

    Markets

    Globally, Vienna was ranked as the most liveable city, followed by Melbourne; the least liveable was Damascus in Syria followed by Dhaka in Bangladesh. "Osaka's improvements in scores for quality and availability of public transportation, as well as a consistent decline in crime rates, have contributed to higher ratings in the infrastructure and stability categories respectively".