Economy

Shots Fired at Gate of US Embassy in Turkey

Shots Fired at Gate of US Embassy in Turkey Embassy in Ankara, Turkey , Monday, Aug. 20, 2018. The shooting came at a time when relations between the two North Atlantic Treaty Organisation allies have plummeted in one of the worst crises in decades after the detention of U.S. While the security officials have gathered cartridges and other evidence from the spot. Tensions between the USA and Turkey are high, partly because of the case o... [Full Article...]

Tesla sheds $US5.4 billion after Elon Musk's emotional interview

Tesla sheds $US5.4 billion after Elon Musk's emotional interview Tesla shares capped their worst week since 2016, tumbling 8.9 per cent - the most in two years - to close at $US305.50, a far cry from Musk's $420 buyout proposal. "Weed is not helpful for productivity". " Tesla seems well on the way to achieving a steady weekly production rate of 5 to 6k units per week", Evercore analysts said after a two-day visit to the Tesla facility. [Full Article...]

Death Toll Rises to 43 in Italian Bridge Collapse

Death Toll Rises to 43 in Italian Bridge Collapse At just after 0800 (0600 GMT) the Italian fire service announced that they had found the "destroyed wreck" of one of the cars "reported to have been involved in the collapse of the viaduct". A state funeral was held for numerous victims on Saturday, and Italian President Sergio Mattarella attended the event. "This disaster obliges us to take new initiatives which are much more rigorous than tho... [Full Article...]

It will be tough for Trump’s SEC to overhaul reporting rules

It will be tough for Trump’s SEC to overhaul reporting rules Half-yearly reporting would mark a huge change in USA disclosure requirements and put it in line with European Union and United Kingdom rules . The regulatory burdens of being a public company have been in the spotlight lately, including playing a role in why Elon Musk wants to take Tesla Inc. [Full Article...]

1,400 Google Employees Protest Company’s Censored Search Engine For China

1,400 Google Employees Protest Company’s Censored Search Engine For China At least 1,400 Google employees signed a letter to company leaders demanding more transparency over a project the tech giant is working on that could be accepted by the Chinese government. Google services, including its search engine, Gmail and Google Drive, are all blocked in China. Some of the tension that has lingered at the company - including an earlier controversy regarding Google's wo... [Full Article...]

SEC subpoenas Tesla about CEO's buyout plans

SEC subpoenas Tesla about CEO's buyout plans Elon Musk said Monday on Twitter that he is working with Goldman and the investment firm Silver Lake on his proposal to take Tesla private. It was the company's first regulatory filing since Musk indicated on August 7 via Twitter that he had secured the funding for such a move, were it to pass a shareholder vote. [Full Article...]

Tesla board torn between shareholders and CEO

Tesla board torn between shareholders and CEO The problem is, unlike Papa John's who will afforded the chance to improve their brand without their hapless founder, Tesla needs Musk at his best to compete at the World stage. He said he doesn't regret sending it and has no plans to leave Twitter. Musk's seemingly fragile psychological state put pressure on Tesla's board to take action, said Erik Gordon, a University of MI business and law... [Full Article...]

Turkey, France to act against U.S. sanctions

Turkey, France to act against U.S. sanctions The US has threatened to slap Turkey with more sanctions if it does not release a Christian evangelical pastor held on terrorism charges. The currency was supported by Turkey's plan to cut spending, support for the banks and Qatar's pledge to invest $15bn in the country. [Full Article...]

Turkish, French finance ministers agree on cooperation amid United States sanctions

Turkish, French finance ministers agree on cooperation amid United States sanctions The US has already imposed sanctions on two Turkish government ministers and doubled tariffs on Turkish steel and aluminium imports. The court on August 17 upheld an August 15 lower-court ruling rejecting the appeal to release pastor Andrew Brunson and to rescind the travel ban against him. [Full Article...]

U.S. threatens new sanctions, Turkey vows to respond

U.S. threatens new sanctions, Turkey vows to respond Earlier in the session, the bullion fell as much as 1.2 per cent to $1,159.96, its lowest since January 2017. A Turkish court has rejected an appeal to release Andrew Brunson , a United States pastor at the centre of a dispute between Ankara and Washington. [Full Article...]

China Files Complaint to WTO Over New US Measures

China Files Complaint to WTO Over New US Measures Of course, tariffs have been a mainstay in Canadian headlines for the past several months, with Trump levying duties on USA imports of Canadian steel and aluminum. "I think China chose to bring it up in order to keep up the rhythm of the trade dispute", he said. Only a fraction went to the United States, with India the biggest market. [Full Article...]

Qatar Rescues Turkey With $15 Billion

Qatar Rescues Turkey With $15 Billion With Ankara locked in a complex rift with Washington, he also played down a decision by President Donald Trump to double tariffs on imports of Turkish metals. Gold prices shed over one per cent on Thursday. The government announced the tariffs "under the principle of reciprocity", following sanctions imposed by Washington over the detention of an American pastor, which sent the lira ... [Full Article...]

Turkish firms cancel iPhone orders amid U.S. products boycott

Turkish firms cancel iPhone orders amid U.S. products boycott The pastor row is one of several between the North Atlantic Treaty Organisation allies, including diverging interests in Syria and U.S. objections to Ankara's ambition to buy Russian defense systems, that have contributed to instability in Turkish financial markets. [Full Article...]

Turkey raises tariffs on US-origin products

Turkey raises tariffs on US-origin products Turkey retaliated with some $533 million of tariffs on some USA imports - including cars, tobacco and alcoholic drinks - and said it would boycott US electronic goods, singling out Iphones . 14, 2018. Turkey's influential business groups have called on the government to implement tighter monetary policy to help overcome the country's currency crisis. [Full Article...]

China: Trade talks with the U.S. are back on

China: Trade talks with the U.S. are back on A Chinese delegation led by Vice Commerce Minister Wang Shouwen will meet with an American group led by David Malpass later this month. The Commerce Ministry said Beijing "reiterates its opposition to unilateralism and trade protectionism and does not accept any unilateral trade restrictions". [Full Article...]

Turkey issues retaliatory tariffs on United States imports

Turkey issues retaliatory tariffs on United States imports Relations between the two NATO allies have plummeted in one of their worst crises in decades as Trump tries to secure the release of Brunson, an evangelical pastor from North Carolina being tried in Turkey on espionage and terrorism-related charges. [Full Article...]

Tencent profit drop blamed on wait for new games approval

Tencent profit drop blamed on wait for new games approval Revenue from other businesses like mobile payments and cloud computing soared 81% in the quarter, and now accounts for nearly a quarter of the total. After soaring into the ranks of the world's biggest companies, Tencent has lost more than $US150 billion ($207 billion) of market value as the company struggles to monetise new games. [Full Article...]

US Condemns Turkey's New 'Regrettable' Tariffs

US Condemns Turkey's New 'Regrettable' Tariffs Also Wednesday, the Turkish government doubled tariffs on some United States imports including cars and alcohol. In response, Erdogan launched a boycott of USA electrical products and sharply raised tariffs on other U.S. But the White House does not plan to lift the metals tariffs, which Sanders said were a national security issue. Earlier this week, White House press secretary Sarah Sanders... [Full Article...]

Qatar pledges to invest $15 billion into Turkey

The Turkish central bank has pledged to take "all necessary measures" to stabilize the country's economy to make sure the banks have all the money they need. The pastor was detained after being accused of being a member of the Gülen movement, which the Turkish government considers to be a terrorist organisation - something Brunson denies. [Full Article...]

Nigeria inflation dips 18th time to 11.14%

Nigeria inflation dips 18th time to 11.14% Wales saw average house prices increase by 4.3% over the previous 12 months to stand at £157,000. "This is likely to weigh down consumer spending, posing fresh problems for embattled high street businesses". The fall can not be explained by the summer sales, as the fraction of goods and services at sales prices was the lowest since 2012. Earlier this week official figures showed wages growth ... [Full Article...]


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