Business

U.S. plans more sanctions against Turkey if pastor not released

U.S. plans more sanctions against Turkey if pastor not released

Brunson, a 50-year-old evangelical pastor from Black Mountain, North Carolina, is being held on charges related to terrorism. Turkish sovereign dollar bonds fell, while the cost of insuring exposu...

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Italian motorway operators’ shares plummet after deadly bridge collapse

Italian motorway operators’ shares plummet after deadly bridge collapse

The collapse came as the bridge was undergoing maintenance work while the Liguria region, where Genoa is situated, experienced torrential rainfall. The General Rafael Urdaneta Bridge, which was also...

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Turkish president says the country will boycott USA electronics

Turkish president says the country will boycott USA electronics

Erdogan has moved to shore up alliances in Europe and the Middle East, easing pressure on the battered lira, as the standoff with the USA has deepened. "We've put sanctions on several of their cabinet...

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Turkey says ready to discuss issues with USA without threats

Turkey says ready to discuss issues with USA without threats

Turkey and Russian Federation display further rapprochement after the United States imposed sanctions on Moscow and Ankara on different grounds. But Lavrov, speaking on a visit to the Turkish capi...

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China Files WTO Complaint over U.S. Solar Tariffs

China Files WTO Complaint over U.S. Solar Tariffs

Earlier this month, the Trump administration announced it would impose 25 percent tariffs on $16 billion worth of Chinese imports beginning August 23. China has tried to portray itself as a defender ...

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Brexit: Jeremy Hunt begins tour of European ministers

Brexit: Jeremy Hunt begins tour of European ministers

The sell-off was also accompanied by accelerating trading volumes - a sign that traders are increasingly bearish on the currency. At the same time as the no-deal scenario looks increasingly likely, ca...

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Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

Doha has pledged to offer loans worth 15 billion USA dollars to help Ankara ride out its lira crisis. The investment package was announced after Qatar's Emir Tamim bin Hamad Al Thani met Preside...

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Putin and Merkel to meet in August

Putin and Merkel to meet in August

Although he didn't specify the country, the President is going to visit. German government's spokesman Steffen Seibert had announced on Monday, the head of states will meet on August 18 at the gover...

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Erdogan says Turkey to boycott US electronic goods

Erdogan says Turkey to boycott US electronic goods

But despite the worldwide alarm by western markets and countries, the country is finding allies in support of its currency and in the row against Washington . sanctions . The dollar index, whic...

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White House denounces Turkey tariffs on United States products

White House denounces Turkey tariffs on United States products

A court in the western Turkish city of Izmir rejected a new appeal to free Brunson on Wednesday, the state television TRT reported . A Turkish court Tuesday released two Greek soldiers detained...

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Bitcoin (BTC) Dominance Rises 50.9% as Alts Slide

Bitcoin (BTC) Dominance Rises 50.9% as Alts Slide

The year of 2018 has so far brought not a great deal of good fortune for cryptocurrency investors, as the market has pulled back nearly 70% from all-time highs reached at the end of 2017. They believe...

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The Death Toll From Italy's Genoa Bridge Collapse Has Risen to 26

The Death Toll From Italy's Genoa Bridge Collapse Has Risen to 26

But the head of the civil protection agency, Angelo Borrelli, said he was not aware that any maintenance work was being done on the bridge. Sixteen people were injured. "You can have steel corrode...

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Constellation Brands spending $5 billion to increase stake in Canopy Growth

Constellation Brands spending $5 billion to increase stake in Canopy Growth

Both companies said they have no plans to sell cannabis products anywhere unless it is permitted at all government levels. "Part of the reason we like them isn't just because they're a diversified b...

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Turkey will emerge stronger from lira crisis, finance minister tells investors

Turkey will emerge stronger from lira crisis, finance minister tells investors

Businessmen holding USA dollars stand in front of a currency exchange office in response to the call of Turkish President Tayyip Erdogan on Turks to sell their dollar and euro savings to support t...

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China's Tencent 2Q profit falls 2%, first decline in almost 13 years

China's Tencent 2Q profit falls 2%, first decline in almost 13 years

China is the world's largest gaming market, with an estimated US$37.9 billion (£30 billion) in revenue, according to research by Newzoo. Unsurprisingly, mobile games continue to be the driving for...

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China to send delegation for U.S. talks to avert trade war

China to send delegation for U.S. talks to avert trade war

A delegation of officials from China and the USA will meet later this month to discuss trade between the two countries as a round of additional tariffs from President TrumpDonald John TrumpGillibrand ...

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Sarah Huckabee Sanders 'sorry' for false claim about black employment

Omarosa , who is now at odds with Trump since her spontaneous firing from her White House position, says that it's as if the unusual relationship between Donald and Ivanka Trump has been going on for ...

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Germany, Qatar vow support for Turkey amid United States pressure

Germany, Qatar vow support for Turkey amid United States pressure

Turkish President Recep Tayyip Erdoğan made a phone call to the emir of Qatar , Sheikh Tamim bin Hamad al-Thani, a day after the British Financial Times reported that Erdogan would turn to Qata...

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Erdogan says Turkey to boycott iPhone, other USA electronics

Erdogan says Turkey to boycott iPhone, other USA electronics

The highest tariff increase is on alcohol, at 140 per cent. Others range from 10 to 120 per cent. The tariffs on cosmetic products were increased by 60 percent. Turkish business groups are begging...

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Turkey imposes up to 140% tax on rice, alcohol, cars from US

Ankara acted amid increased tension between the two North Atlantic Treaty Organisation allies over Turkey's detention of a pastor and other diplomatic issues, which have helped to send the lira tumbli...

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Retail inflation slows to 9-month low at 4.17%

Retail inflation slows to 9-month low at 4.17%

The consumer prices index (CPI) rose at an annual rate of 2.5% last month after holding at 2.4% in the previous three months , following a steep rise in annual energy price growth from 8.7% in June...

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Shares slide on Monsanto cancer case

Shares slide on Monsanto cancer case

The jury ruled that Dewayne Johnson, a school groundskeeper, developed non-Hodgkin lymphoma due to regularly using Roundup . If the litigation generates large verdicts, it could have a material impac...

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President Erdogan says Turkey to boycott U.S. electronic goods

President Erdogan says Turkey to boycott U.S. electronic goods

Turkey and the USA also disagree over their military interventions in the Syria war, Ankara's plan to buy missile defense systems from Russian Federation and the U.S. sanctions on Turkey that tanked...

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Vermont nominates first transgender candidate for governor

Vermont nominates first transgender candidate for governor

She became the first openly transgender candidate for governor to be backed by a major party in the United States. Hallquist will face Republican Gov. Chan School of Public Health. "I am a proud a...

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Saudi cuts oil output as OPEC points to 2019 surplus

Saudi cuts oil output as OPEC points to 2019 surplus

As the U.S. -China trade war escalates, a growing number of analysts and organizations have increased warnings that further trade tensions could dent economic growth, consumer spending, and investment...

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Shares rebound as Turkish lira pulls out of dive

Shares rebound as Turkish lira pulls out of dive

Brunson's lawyer Cem Halavurt confirmed to AFP that he appealed for the release of his client once again on Tuesday, saying that: "The court should deliver its ruling in the next three days". By size...

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Goldman, Silver Lake Advice Tesla On Going Private Plan

Goldman, Silver Lake Advice Tesla On Going Private Plan

Apart from the Saudi sovereign fund, Musk said he is having talks with other potential investors about his privatization plan. Musk said that the Saudi Arabian sovereign wealth fund offered to fund ...

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Erdogan under pressure as Turkish lira plunges to record low

Erdogan under pressure as Turkish lira plunges to record low

Turkish President Recep Tayyip Erdogan vowed that his country would boycott USA -made electronic goods, including iPhones . The announcement came during his address to a symposium organised by the ...

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It's Official, Sydney Is More Liveable Than Ever

It's Official, Sydney Is More Liveable Than Ever

Melbourne's unseating isn't the only noticeable shift after years of very little change among the highest ranks. The rest of the top-ranked cities are split between Japan (Osaka in 3rd place and To...

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Turkey to boycott US-made electronic products: Erdogan

Turkey to boycott US-made electronic products: Erdogan

The fall out has showed no signs of abating as U.S. president Donald Trump approved doubling tariffs on Turkish steel and aluminum while Mr Erdogan has vowed to retaliate. "Emerging markets as a whole...

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