Business

Turkish courts release detainees but reject USA pastor's appeal

Turkish courts release detainees but reject USA pastor's appeal The decision to impose new tariffs came a day after Erdogan said Turkey would boycott U.S. electronic goods, singling out iPhones . A banking watchdog's step to limit foreign exchange swap transactions also helped the currency. "The president has a great deal of frustration (about) the pastor not being released", White House press secretary Sarah Sanders said Tuesday. Qatar defied US Pres... [Full Article...]

China printing currencies for countries like Nepal, Lanka and Bdesh

China printing currencies for countries like Nepal, Lanka and Bdesh The government on Monday rejected reports that a Chinese company has won a contract to print Indian currency. The report claims that despite domestic currency demand being at its lowest, China Banknote Printing and Minting Corporation has been "functioning at full capacity to deliver on worldwide contracts". [Full Article...]

United Kingdom jobless rate falls to lowest since 1975

United Kingdom jobless rate falls to lowest since 1975 The number of Scots out of work has fallen and the jobless total across the United Kingdom reached a 40-year low, official figures today show. However, these figures show that the size of the United Kingdom workforce is shrinking at the same time as vacancies for skills and labour grow. [Full Article...]

Russian FM accuses USA of attempts to impede Astana process for Syria

Russian FM accuses USA of attempts to impede Astana process for Syria Syrian government forces dropped leaflets over the region last week, urging the opposition fighters to surrender. "It is planned to discuss the prospects of easing travel regime for the citizens of the two countries". Russian Foreign Minister Sergey Lavrov affirmed that eliminating Jabhat al-Nusra terrorist organization is the main task now after liberating large areas of Syrian territory fro... [Full Article...]

Qatar pledges $15 billion of investment in Turkey

Qatar pledges $15 billion of investment in Turkey Ankara's central bank took actions to reinforce the currency on August 15 and squeezed the Turkish lira's liquidity from the market. The political spat with Washington has added to pressure on Turkey's currency, the lira, which has plunged against the dollar . [Full Article...]

Crypto Market Falls 10 Percent in 24 Hours

Crypto Market Falls 10 Percent in 24 Hours Bitcoin has experienced some rocky trading over the past 24 hours, with its momentum hindered by frequent price fluctuations during the Sunday session. The price of the cryptocurrency also dropped while Bitcoin dominance increases. The next day, the Bitcoin dominance dropped to 47.2%, with BTC price also dropping. [Full Article...]

Turkey Counterpunches By Raising Tariffs On U.S. Goods

The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies, and because recent trade tariffs from the USA have further injured the economy. The currency recovered after authorities took steps to help bank liquidity and limit swap transactions. "The sanctions, however, that have been placed on Turkey are specific to Pastor Brunson and oth... [Full Article...]

Senior Chinese delegates to visit United States for trade war talks

Senior Chinese delegates to visit United States for trade war talks Depending on actions taken by China, the USA side may discuss what it can do to temporarily prevent an escalation of the trade war, Hu said. "China welcomes dialogue and communication on the basis of reciprocity, equality and integrity". FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. Washington slapped 25% tariffs on $34bn of Chinese goods ... [Full Article...]

The Autocratic Origins of Turkey's Economic Crisis

The Autocratic Origins of Turkey's Economic Crisis A decade of easy money and low interest rates in the United States and European Union following the 2008 financial crisis led to investors searching for higher yields to emerging markets like Turkey. Investors are anxious not only about Turkey's souring relations with the U.S., a longtime North Atlantic Treaty Organisation ally, but also Erdogan's economic policies and the country's high debt accu... [Full Article...]

Death toll rises to 39 in Genoa bridge collapse

Death toll rises to 39 in Genoa bridge collapse Italy's government has blamed the firm that operated the collapsed Genoa bridge for the disaster as it announced a state of emergency in the region. In the wake of the disaster, Giuseppe Conte, the prime minister, said that "all infrastructure" across the country needed to be double-checked. "It's been a lifetime that we've known there were problems". [Full Article...]

Turkish president says the country will boycott USA electronics

Turkish president says the country will boycott USA electronics What this does is prevent investors, like hedge funds, from accessing lira liquidity in the offshore swap market. Erdogan has rejected Washington's demands to release him, while announcing new tariffs on US imports. In retaliation on Wednesday, Turkey said it was imposing taxes of ranging from 50 to 140 per cent on rice, alcohol and cars from the U.S. That comes after Erdogan called on Turks to ... [Full Article...]

Canopy Growth marijuana stock surges after new Constellation stake

Canopy Growth marijuana stock surges after new Constellation stake Constellation Brands will own 38 per cent of Canopy under the deal, in which it will acquire 104.5 million Canopy shares at a price of $48.60 per share. In May, it began trading on the New York Stock Exchange in addition to the Toronto Stock Exchange . Both companies said they have no plans to sell cannabis products anywhere unless it is permitted at all government levels. [Full Article...]

In Sexist & Racist Attack, Trump Calls Omarosa "Crazed" and a "Dog"

In Sexist & Racist Attack, Trump Calls Omarosa Instead, he hired a staff beset by infighting, a Cabinet besieged by ethical questions and a team of aides working under the shadow of the special counsel's Trump-Russia probe. She noted that hiring and personnel were the responsibility of others in the White House, but said she has "tons and tons of emails" in which she pushed job candidates for consideration. [Full Article...]

Turkey aims new tariffs at US as court rejects pastor's appeal

Turkey aims new tariffs at US as court rejects pastor's appeal There was a clear, sharp drop in the lira's value on Friday after Trump tweeted he was doubling tariffs on Turkish steel and aluminum, citing a national security threat, and a smaller decline when the USA sanctioned Turkey's Interior and Justice Ministers on August 1. [Full Article...]

Train season tickets to rise by up to £100

Train season tickets to rise by up to £100 The rail fare increase now means that a season ticket from London to Birmingham will be nearly £3,000 more expensive than in 2010. The cost of regulated rail fares will increase by 3.2 per cent from January 2019. The rest are decided by train companies. Season tickets are now set using the RPI measure of inflation, which is expected to be confirmed at 3.5 per cent on Wednesday. [Full Article...]

'Monster Hunter' on hold as China hits pause on new video games

'Monster Hunter' on hold as China hits pause on new video games The game has sold more than eight million copies worldwide in five months, making it one of the hottest games this year. Checks of the National Radio and Television Administration's online list of approved games showed that no new titles had been added since May. [Full Article...]

Turkey escalates United States feud by increasing tariffs on products

Turkey escalates United States feud by increasing tariffs on products On Monday, the Turkish currency hit a record low of 7.24 against the USA dollar in Asia Pacific trading. In his televised speech yesterday, Erdogan vowed that Turkey will "boycott U.S. The US has sanctioned key Turkish officials and intends to impose steep tariffs on Turkish steel and aluminium. Turkey's weakened currency , the lira, plunged by a full 20 percent in response. [Full Article...]

White House Expresses Frustration With Continued Detention of US Pastor in Turkey

Stressing that the USA targeted Muslim countries and tried to curb Turkey's power in the region, Junaidi said that Muslim world must use their own currency in trade among themselves against the us dollar . The lira, which has rallied after hitting a record low of 7.24 to the dollar, would continue to recover, he said. Turkish lira banknotes are seen in this picture illustration in Istanbul ,... [Full Article...]

Consumer Inflation Eases To 4.17% In July

Consumer Inflation Eases To 4.17% In July Fuel prices, which have been a talking point recently also eased with the fuel inflation coming down to 7.96 per cent in July, from 8.50 per cent last month. "Going forward these commodity groups are expected to exert pressure on retail inflation ", he said. The RBI has raised its inflation outlook to 4.8% in the second half (October-March) of 2018-19 from its earlier projection of 4.7%. [Full Article...]

Monsanto loses $289 million lawsuit

Monsanto loses $289 million lawsuit That extended its rout this year to 19 percent. In an uncompromising ruling, the court attributed actual "malice" to Monsanto's actions, deciding that there was evidence the company had known that its product was carcinogenic, but actively covered that fact up. [Full Article...]


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