Turkey hikes tariffs on imports of several USA products

Although the lira gained some respite on Tuesday, investors say measures taken by the central bank on Monday to ensure liquidity failed to address the root cause of lira weakness. A Finance Ministry official said so far 3,000 people have signed up fo... More..

by | Published more than a month ago
by | Wednesday, August 15, 2018

Trump disparaged son, Harriet Tubman, says former White House aides book

White House press secretary Sarah Huckabee Sanders said during Tuesday's press briefing that she "can't guarantee" that we will never hear a recording of President Donald Trump saying the N-word, in reply...More..

Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars
by | Wednesday, August 15, 2018

Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

Brunson, who faces up to 35 years in prison if convicted, has always maintained his innocence. Tensions between the U.S. and Turkey have been steadily rising since American pastor Andrew Brunson was detain...More..

Tencent has a major gaming problem
by | Wednesday, August 15, 2018

Tencent has a major gaming problem

A Tencent spokeswoman did not immediately respond to a request for comment. China has one of the world's most stringent approval processes for video games, an extension of Beijing's obsession with maintaining...More..

Erdogan says Turkey will boycott USA electronics, lira steadies
by | Wednesday, August 15, 2018

Erdogan says Turkey will boycott USA electronics, lira steadies

The Trump administration announced plans on Friday to double United States tariffs imports of steel and aluminum from Turkey. "If [the US] has the iPhone, there's Samsung on the other side", Erdogan was...More..

by | Wednesday, August 15, 2018

Erdogan says Turkey to 'boycott' United States electronic goods

Turkey has also been publicly critical of criminal prosecutions in the USA involving state-run Halkbank official Mehmet Hakan Atilla, as well as Reza Zarrab, a Turkish-Iranian gold trader. The Turkish lira sta...More..

Retail inflation at 9-month low; rate hike seems unlikely
by | Wednesday, August 15, 2018

Retail inflation at 9-month low; rate hike seems unlikely

The measure excludes 5% of the highest and lowest price changes. But the Rail, Maritime and Transport (RMT) union accused him of trying to cap pay rises and blame workers for high fares. Earlier this week of...More..

Bayer shares nosedive after Monsanto weedkiller cancer ruling
by | Wednesday, August 15, 2018

Bayer shares nosedive after Monsanto weedkiller cancer ruling

Johnson's illness". Monsanto said it will appeal the verdict, adding that more than 800 scientific studies and reviews support its claim that glyphosate, the ingredient used in Roundup , does not cause cance...More..

Erdogan says Turkey will boycott USA electronics, lira steadies
by | Wednesday, August 15, 2018

Erdogan says Turkey will boycott USA electronics, lira steadies

Erdogan also said that the country could depend on Venus and Vestel, two of Turkey's domestic smartphone brands. Many emerging market investors have steered clear in recent years and note that the country rep...More..

Vermont Votes for the First-ever Openly Transgender Nominee for Governor
by | Wednesday, August 15, 2018

Vermont Votes for the First-ever Openly Transgender Nominee for Governor

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. Hallquist transiti...More..

Opec confident China-US dispute won't hit demand
by | Wednesday, August 15, 2018

Opec confident China-US dispute won't hit demand

Yet, bullish sentiment found some support from expectations that looming USA sanctions against Iran could significantly hamper its crude exports. Fears that the escalating tensions could lead to a slowdown ...More..

Turkey is boycotting iPhones, but it hurts Turkey more than Apple
by | Wednesday, August 15, 2018

Turkey is boycotting iPhones, but it hurts Turkey more than Apple

Mr Erdogan also renewed a call for Turks to convert their dollars into the Turkish lira , to help strengthen the country's currency which has lost 40% in value this year. While even a widespread Turkish bo...More..

Turkey's president threatens boycott of iPhones, other United States electronics
by | Tuesday, August 14, 2018

Turkey's president threatens boycott of iPhones, other United States electronics

Turkish president Recep Tayyip Erdogan has said his country will boycott electronic products made in the U.S. amid an escalating diplomatic feud with the Trump administration that has helped trigger a currenc...More..

Erdogan says Turkey to 'boycott' iPhones and other US electronic goods
by | Tuesday, August 14, 2018

Erdogan says Turkey to 'boycott' iPhones and other US electronic goods

Last Friday , President Donald Trump doubled tariffs on aluminum and steel imports from Turkey . Unfazed by Turkey's escalating economic turmoil, Erdoğan suggested he would snub US-made iPhones in favou...More..

Musk says Silver Lake, Goldman advising on taking Tesla private
by | Tuesday, August 14, 2018

Musk says Silver Lake, Goldman advising on taking Tesla private

A link between Musk's tweet and the Saudi involvement was soon made as the CEO's announcement ended with the " funding secured " phrase. Tesla's board disclosed on August 8 that Musk had held talks with t...More..

London jumps five places in Global Liveability Ranking
by | Tuesday, August 14, 2018

London jumps five places in Global Liveability Ranking

Osaka, Calgary and Sydney completed the top five in the survey, which the EIU says tends to favor medium-sized cities in wealthy countries, often with relatively low population densities. The survey had been ...More..

U.S. dollar rises to 13-month high against Singdollar on Turkish crisis
by | Tuesday, August 14, 2018

U.S. dollar rises to 13-month high against Singdollar on Turkish crisis

The weakness of the Turkish currency has rippled through global markets, with its drop of as much as 18 percent on Friday hitting US and European stocks as investors fretted about banks' exposure to Turkey . "...More..

Turkey crisis deepens at lira hits new low
by | Tuesday, August 14, 2018

Turkey crisis deepens at lira hits new low

Stock markets in Asia fell on Monday as investor concern over Turkey's currency crisis mounted. He dismissed any suggestions that Turkey might intervene in dollar-denominated bank accounts, saying any sei...More..

Authorities say firefighter killed battling Northern California
by | Tuesday, August 14, 2018

Authorities say firefighter killed battling Northern California

The largest blaze in state history is the Mendocino Complex Fire , which consists of the Ranch and River fires in Northern California . The fire spread quickly due to what officials said was a ideal combinat...More..

Rupee hits record low against USA dollar
by | Tuesday, August 14, 2018

Rupee hits record low against USA dollar

The rupee (INR) fell to 70.08 per USA dollar (USD), down 15 paise from Monday's close. As The Wire reported yesterday , the rupee has been under pressure since the beginning of 2018, as rising global oil pri...More..

by | Tuesday, August 14, 2018

Turkey prepares action plan for banks and businesses to tackle economic woes

Also caught up in the sell-off is Russia's ruble, which today hit its lowest level against the U.S. dollar since April 2016 and its lowest level against the euro since April this year, partly reflecting the hig...More..

Turkey takes action in bid to curb currency crisis
by | Tuesday, August 14, 2018

Turkey takes action in bid to curb currency crisis

Similarly, the Vietnamese dong, which has been deemed as exposed to an intensification of hostilities between the USA and China over trade, also fell to a new all-time low against the dollar on Monday, with t...More..

Family, friends remember former Wasilla man who stole commercial airplane
by | Tuesday, August 14, 2018

Family, friends remember former Wasilla man who stole commercial airplane

Video showed fiery flames amidst trees on the island, which is sparsely populated and only accessible by ferry. Leaders at Seattle-Tacoma International Airport are preparing to gather Monday morning to discus...More..

Sterling volatility continues over no deal Brexit fears
by | Monday, August 13, 2018

Sterling volatility continues over no deal Brexit fears

Just last week, trade secretary Liam Fox had said that Britain was likely to leave the European Union without a deal and the risk of a no-deal Brexit had increased to as much as 60 per cent. The Bank of Engl...More..

Flight data recorder, human remains found in stolen Sea-Tac plane probe
by | Monday, August 13, 2018

Flight data recorder, human remains found in stolen Sea-Tac plane probe

The 76-seat Horizon Air turboprop plane took off without authorization at 7:32 p.m. local time Friday, with Russell, who was not a pilot, at the controls, officials said . No passengers were on board and the...More..

Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia
by | Monday, August 13, 2018

Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia

While the entrepreneur owns 20 percent of Tesla , more than $60 billion would be needed to buy the business from public shareholders. A Saudi sovereign wealth fund is in talks that could make it a significan...More..

Senior Tesla engineer Doug Field rejoins Apple to work on Project Titan
by | Monday, August 13, 2018

Senior Tesla engineer Doug Field rejoins Apple to work on Project Titan

This break occurs several months after Field was removed from his position as head of Model 3 production and replaced by Elon Musk . He was also an engineer at Ford Motor Company, where he began his career. ...More..

by | Monday, August 13, 2018

Trump vows to double steel and aluminum tariffs on Turkey

Reverberations spread through global markets, with European stock markets especially hit as investors took fright over banks' exposure to Turkey. And the Brunson case is just one of many bones of contention b...More..

US, Mexico Nafta negotiators to resume talks next week
by | Monday, August 13, 2018

US, Mexico Nafta negotiators to resume talks next week

But he threatened with auto tariffs if the USA and can't forge a deal. U.S. and Mexican negotiators have made progress in narrowing differences on the update of the North American Free Trade Agreement , ...More..

Employee steals plane from Seattle airport, crashes it shortly
by | Sunday, August 12, 2018

Employee steals plane from Seattle airport, crashes it shortly

Alaska Airlines officials said at a Saturday news conference that the plane's operator and sole occupant was killed in the crash. He also asked if controllers thought Alaska Air would make him a pilot if...More..