Turkey's Erdogan hits back with retaliatory Sanctions

U.S. State Department representatives have said the claims against Brunson are not credible. According to the Hurriyet Daily, a significant number of importers began to withdraw their short and long-term orders after Turkish President Recep Tayyi... More..

by | Published 14 hours ago
Dollar weakens to under ¥110.80 in Tokyo amid tensions with Turkey
by | Friday, August 17, 2018

Dollar weakens to under ¥110.80 in Tokyo amid tensions with Turkey

The official says Turkey missed a big opportunity to bring about an end to the tensions over Brunson's imprisonment, which has sparked USA economic sanctions on Turkey. On Tuesday, he said Turkey would boycott...More..

China, US to Resume Trade Talks This Month
by | Friday, August 17, 2018

China, US to Resume Trade Talks This Month

Reuters reported Thursday that representatives from the Treasury Department will meet with China's Vice Minister of Commerce Wang Shouwen and other officials in Washington, D.C. "It is possible that China may ...More..

Oil Falls Amid Rising U.S. Inventories
by | Wednesday, August 15, 2018

Oil Falls Amid Rising U.S. Inventories

At the time of writing, the barrel of WTI is down -1.30% at $ 66.20, looking vulnerable below a break of the $ 66 support, as rising USA crude stockpiles dent the sentiment. LONDON-Oil prices fell Wednesday a...More..

Giant Italian bridge collapse wreaks havoc in city of Genoa
by | Wednesday, August 15, 2018

Giant Italian bridge collapse wreaks havoc in city of Genoa

More than 400 people were evacuated from buildings near or below the still-standing section of the bridge. The death toll is likely to rise as multiple people remain missing. "We can't live with infrastructures...More..

Turkish relations spiraling amid tit-for-tat penalties over detained pastor
by | Wednesday, August 15, 2018

Turkish relations spiraling amid tit-for-tat penalties over detained pastor

Turkey had previously said it would boycott United States electronic products. "If they have the iPhone, there is Samsung elsewhere". The call from businesses came as Erdogan demanded a boycott of Appl...More..

Firefighter killed battling largest blaze in California history
by | Tuesday, August 14, 2018

Firefighter killed battling largest blaze in California history

About 110 major wildfires are burning across the western United States and have burned more than 8,900 sq miles (23,000 sq km), an area larger than the state of New Jersey, according to the National Interagenc...More..

Tesla CEO Musk accused in lawsuit of defrauding shareholders
by | Tuesday, August 14, 2018

Tesla CEO Musk accused in lawsuit of defrauding shareholders

It said this occurred largely through a series of tweets by Musk on August 7, including when he said he might take Tesla private and that there was "funding secured". This move follows reports that the SEC...More..

Lira extends slide as Turkey heads toward a financial crisis
by | Tuesday, August 14, 2018

Lira extends slide as Turkey heads toward a financial crisis

As President Recep Tayyip Erdogan lashed out at the U.S., took higher rates off the table and said he wouldn't accept an global bailout, traders pushed down Turkish assets in a selloff that spilled over to ot...More..

Alaska Airlines plane crashes after unauthorised take-off from Seattle airport
by | Saturday, August 11, 2018

Alaska Airlines plane crashes after unauthorised take-off from Seattle airport

The fighter jets were scrambled from Portland. Flights were grounded with some passengers tweeting that their plane stopped abruptly on the runway. The U.S. Coast Guard told NBC News it was notified about...More..

by | Saturday, August 11, 2018

Turkey's lira crisis explained

Turkey says doubled tariffs on Turkish steel and aluminium announced by US President Donald Trump are against the rules of the World Trade Organisation (WTO). Turkey and the United States are now exper...More..

US Will Sanction Russia After UK Nerve Agent Attack
by | Friday, August 10, 2018

US Will Sanction Russia After UK Nerve Agent Attack

This week, Britain's the Guardian newspaper reported London is preparing to ask Moscow to extradite two Russian citizens suspected of carrying out the Salisbury nerve agent attack . Countries can also impo...More..

USA to impose $16 billion import tariffs on China
by | Friday, August 10, 2018

USA to impose $16 billion import tariffs on China

China's Customs Tariff Commission, under the State Council, published a list (link in Chinese) of 333 American imports that will face additional 25% tariffs starting August 23. The US had already levied 25 p...More..

Oil prices rise amidst U.S. sanctions against Iran
by | Friday, August 10, 2018

Oil prices rise amidst U.S. sanctions against Iran

Oil prices held losses near a seven-week low as China vowed to retaliate against the United States administration's latest tariffs , raising trade tensions between the world's two biggest economies. WTI's J...More..

Elon Musk Tweets About Taking Tesla Private; Jolts Wall Street
by | Wednesday, August 08, 2018

Elon Musk Tweets About Taking Tesla Private; Jolts Wall Street

Elon now owns about 20 percent of Tesla and so he would need something like $50 billion in additional capital to fully privatize the company, along with a shareholder vote of "yes" to the move. The billionair...More..

Healthcare added 34% fewer jobs in July
by | Sunday, August 05, 2018

Healthcare added 34% fewer jobs in July

Ahead of this morning's new jobs report , most projections said the US economy added roughly 190,000 jobs in July. Leisure and hospitality was a main contributor with 40,000 jobs, while health care and socia...More..

Trump pressures China with threat to crank up size of proposed tariffs
by | Saturday, August 04, 2018

Trump pressures China with threat to crank up size of proposed tariffs

Bloomberg News reported, citing three unidentified sources, the Trump administration would propose imposing 25 percent tariffs on a $200 billion list of Chinese goods targeted in a new round of penalties, up f...More..

How the Bank of England’s interest rate rise affects you
by | Friday, August 03, 2018

How the Bank of England’s interest rate rise affects you

Mr Carney's intervention comes a day after the Bank of England raised interest rates to 0.75 per cent - the highest level in nearly 10 years. "Investors appear to be expecting virtually no more tightening thi...More..

Slumping Galaxy sales lead to weak Samsung earnings
by | Thursday, August 02, 2018

Slumping Galaxy sales lead to weak Samsung earnings

In response to this pressure, Samsung is said to be planning a possible game-changer in the shape of the world's first foldable smartphone, due for release early next year. Appliance sales were low (apparentl...More..

Tesla burns $739.5 million in cash on way to record 2Q loss
by | Thursday, August 02, 2018

Tesla burns $739.5 million in cash on way to record 2Q loss

Bannon said that when he joined Tesla , employees considered many options, including Nvidia graphics cards, and said they talked with people at Arm, whose technology is used in chips from Qualcomm ( QCOM ) and...More..