Turkey has more to ‘lose’ in Apple boycott

Turkey and the United States are now experiencing rocky relations after Washington imposed sanctions on two Turkish Cabinet ministers for not releasing U.S. 'We are not going to take it sitting down.' The row follows US-imposed sanctions on two Turk... More..

by | Published more than a month ago
Trump claims tariffs on foreign nations will rescue United States steel industry
by | Friday, August 17, 2018

Trump claims tariffs on foreign nations will rescue United States steel industry

The U.S. president has recently threatened more tariffs on Canada's auto industry. "As the USA measures severely damaged Chinese trade interests, China's choice to resort to the WTO dispute settlement mecha...More..

Turkey will respond if USA imposes more sanctions - trade minister
by | Friday, August 17, 2018

Turkey will respond if USA imposes more sanctions - trade minister

Trump tweeted on August 10 that he has authorized a doubling of tariffs on Turkish steel and aluminum imports as their currency Lira slides rapidly downward against the USA dollar. Turkish President Recep T...More..

U.S. says more sanctions await if Turkey does not free pastor
by | Friday, August 17, 2018

U.S. says more sanctions await if Turkey does not free pastor

Turkish vice president Fuat Oktay said on Twitter that the tariffs on certain products were increased "within the framework of the principle of reciprocity in retaliation for the deliberate economic attacks by...More..

China, US To Hold Lower-Level Trade Talks In Late August
by | Friday, August 17, 2018

China, US To Hold Lower-Level Trade Talks In Late August

Vice Commerce Minister Wang Shouwen, the deputy representative on worldwide trade negotiations, will meet with a senior U.S. treasury official, David Malpass, at the invitation of the United States, the ministr...More..

Oil prices decline on rising USA stockpiles
by | Wednesday, August 15, 2018

Oil prices decline on rising USA stockpiles

USA light crude CLc1 fell $1.15 a barrel to a low of $65.89. Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although USA sanctions against ...More..

Former Cagliari goalkeeper Davide Capello survives 30m fall at Genoa bridge collapse
by | Wednesday, August 15, 2018

Former Cagliari goalkeeper Davide Capello survives 30m fall at Genoa bridge collapse

Italy's transport minister said on Wednesday he had begun a process to strip Autostrade of its concession and he demanded top Autostrade managers resign. Notwithstanding the importance of a road that sees 25 mi...More..

Dollar hits another 13-month peak over Turkey concerns
by | Wednesday, August 15, 2018

Dollar hits another 13-month peak over Turkey concerns

Turkey's ambassador to Washington Serdar Kilic on Monday held talks with US National Security Advisor John Bolton in a meeting that Cavusoglu said was arranged by the White House . For one more time, Erd...More..

Firefighters Make Gains Against California Fires
by | Tuesday, August 14, 2018

Firefighters Make Gains Against California Fires

Thick smoke and ash spewing from the fire prompted air quality warnings. Crews were also working on the 35-hectare Devil Creek Fire, which is posing unique challenges to firefighters. Among 14 active wildfire...More..

Elon Musk's tweet draws Tesla investor lawsuit over share price swing
by | Tuesday, August 14, 2018

Elon Musk's tweet draws Tesla investor lawsuit over share price swing

Tesla Inc . ( TSLA .O) and Elon Musk were sued by an investor over wild share price swings following the chief executive officer's August 7 tweet saying he was considering taking the company private . "All...More..

In Response To Sanctions, Turkey To Boycott US Electronic Goods: Erdogan
by | Tuesday, August 14, 2018

In Response To Sanctions, Turkey To Boycott US Electronic Goods: Erdogan

The economic troubles in Turkey have gripped global financial markets, with investors scrambling to determine whether and how far pain there would spread. World share markets regained their footing on Tuesday a...More..

Saudi Arabia might be interested in helping Tesla go private
by | Monday, August 13, 2018

Saudi Arabia might be interested in helping Tesla go private

While Tesla CEO Elon Musk teased last week about taking the company private, several suitors may have already been courting the electric auto giant months ago. The Saudi fund's talks began before the co...More..

'Suicidal' mechanic steals plane from Seattle airport
by | Saturday, August 11, 2018

'Suicidal' mechanic steals plane from Seattle airport

The plane went down on Ketron Island, which is about 40 miles southwest of the airport, the sheriff's office said. The department said the employee was a 29-year-old man, whose identity has been confirmed. ...More..

United States unveils list of products facing tariffs
by | Friday, August 10, 2018

United States unveils list of products facing tariffs

China buys nearly $18 billion a year worth of goods from Washington state every year. But China exports far more to the United States than the other way round, making it more challenging for the country to ...More..

Tesla Gains Nearly $4 Billion After Single Questionable Elon Musk Tweet
by | Wednesday, August 08, 2018

Tesla Gains Nearly $4 Billion After Single Questionable Elon Musk Tweet

At $420 per share, a deal would be worth $72 billion overall. Mr Musk got the ball rolling Tuesday after the stock market had already been open more than three hours with a tweet announcing he had secur...More..

China threatens tariffs on $60 billion in USA goods
by | Monday, August 06, 2018

China threatens tariffs on $60 billion in USA goods

The spokesperson pointed out that, because the United States had repeatedly escalated the situation in disregard of the interests of enterprises and consumers of both countries, China was forced to take the c...More..

US Economy Adds Fewer Jobs Than Expected In July
by | Sunday, August 05, 2018

US Economy Adds Fewer Jobs Than Expected In July

The US economy added fewer jobs than expected in July after a surge of hiring in the previous months. The economy grew at 4.1% during the second quarter, its fastest place in almost four years. The unemployment...More..

Iranian protesters attack Islamic school as sanctions loom
by | Sunday, August 05, 2018

Iranian protesters attack Islamic school as sanctions loom

The US is now also pushing Pyongyang to scrap its nuclear capabilities after President Donald Trump and North Korea's leader Kim Jong Un agreed a vague commitment to "denuclearisation of the Korean Peninsula"...More..

What does interest rate rise mean for mortgages and savings?
by | Friday, August 03, 2018

What does interest rate rise mean for mortgages and savings?

The projected inflation rate is above its targeted comfort level of four per cent. If interest rates are 1% or more by the time the economy sails into stormier seas, policymakers will at least be able to cut ra...More..

Tesla cuts losses on Model 3 sales, Musk promises profits next quarter
by | Thursday, August 02, 2018

Tesla cuts losses on Model 3 sales, Musk promises profits next quarter

The overall performance pleased investors enough to send Tesla stock up more than 11 percent in after-market trading, where it topped out above $330 per share. Musk made waves on the May call by cutting off q...More..

U.S. Prepares List of Turkey Economic Sanctions Targets
by | Thursday, August 02, 2018

U.S. Prepares List of Turkey Economic Sanctions Targets

On July 26 , Trump announced in a tweet that if the Turkish government did not release Brunson, the US would impose "large" sanctions on Turkey. The Turkish lira slid to a record low Wednesday after the...More..

Facebook Might've Just Had The Worst Day In Stock Market History
by | Monday, July 30, 2018

Facebook Might've Just Had The Worst Day In Stock Market History

Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company. The lawsuit seeks class-action status and unspecified damages. Buffett ...More..

Facebook is sued after stock plunge 'shocked' market
by | Saturday, July 28, 2018

Facebook is sued after stock plunge 'shocked' market

Both the slower growth forecast and heavier spending reflect problems largely of Facebook's own making. The "Dispatches" show featured an undercover reporter who went to work at Irish staffing firm CPL Reso...More..

by | Friday, July 27, 2018

GCC condemns 'heinous' Houthi attack on Saudi Arabia Red Sea oil tankers

This attack underscores the risk of an escalation in tensions in the region. Iran's revolutionary guard has threatened to halt shipments via Hormuz in response to U.S. Saudi Arabia accuses regional arch-foe Ir...More..

Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time
by | Friday, July 27, 2018

Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time

That news sent the markets into a tailspin, as many analysts took it as an omen that the SEC is unlikely to approve any of the manifold cryptocurrency ETF applications now pending at the agency. Peirce's ...More..

1 winning ticket sold in $543 million Mega Millions jackpot
by | Thursday, July 26, 2018

1 winning ticket sold in $543 million Mega Millions jackpot

If you want to check your ticket, the winning numbers are 1-2-4-19-29. It pays to shop in the Hub, with two stores in Boston coming up big during Tuesday's Mega Millions drawing. It's the sole winning tic...More..

Made in China: Trump re-election flags may get burned by his tariffs
by | Thursday, July 26, 2018

Made in China: Trump re-election flags may get burned by his tariffs

President Donald Trump proclaimed that "Tariffs are the greatest! " in warning USA trade partners that he'll impose more sanctions unless they negotiate a "fair deal" as negotiations with European officials ...More..

Mark Zuckerberg loses $16.8 billion in a snap as Facebook plunges
by | Thursday, July 26, 2018

Mark Zuckerberg loses $16.8 billion in a snap as Facebook plunges

Adding fuel to the fire, Facebook expects total revenue growth to decelerate in the second half of 2018, and revenue growth rates to decline by high single-digit percentages from prior quarters sequentially i...More..

by | Wednesday, July 25, 2018

Sergio Marchionne, the architect of Fiat Chrysler’s turnaround, has died at 66

Fiat Chrysler has said Manley will work to ensure a "strong and independent" future for the group. "Sergio created a remarkable legacy in the automotive industry", Mary Barra, chairman and CEO of General ...More..

Trump assures farmers he has their back amid mounting trade war
by | Wednesday, July 25, 2018

Trump assures farmers he has their back amid mounting trade war

Tariffs have irked farmers, a crucial voting bloc for President Donald Trump. The president is meeting with European Commission President Jean-Claude Juncker on Wednesday. But, Colorado's U.S. Sen. When the c...More..