Economy

Trump says his steel tariffs will save the USA industry

Trump says his steel tariffs will save the USA industry In order to protect its trade interests, China has deemed necessary to resort to the WTO dispute settlement mechanism. Only a fraction went to the United States , with India the biggest market. The president has also said the tariffs have been created to promote better trade deals. A spokesperson from China's Ministry of Commerce said on Tuesday that the tariffs are suspected of violating WTO... [Full Article...]

Turkey hits back at United States with tariff hikes on key products

Turkey hits back at United States with tariff hikes on key products But the Gulf country also shares a strategic partnership with the United States , hosting a military base that serves as one of Washington's most important overseas military bases with operations throughout the Middle East. On Wednesday, a Turkish court rejected his latest appeal to be released from house arrest. In his televised speech yesterday, Erdogan vowed that Turkey will " boycott U... [Full Article...]

NZ dollar dips as investor fears over Turkish economy ease

NZ dollar dips as investor fears over Turkish economy ease The main Japanese market , the Nikkei 225, erased early gains to close 0.68% down on the day, giving back some of the ground made on Tuesday when it jumped by more than two percent . "We view the policy of sanctions as unlawful and illegitimate, driven mostly by a desire to dominate everywhere and in everything, dictate policies and call shots in global affairs", Lavrov said. [Full Article...]

Turkey court rejects new appeal to free detained United States pastor

Turkey court rejects new appeal to free detained United States pastor Tensions between the two North Atlantic Treaty Organisation allies have been strained amid Turkey's detention of American pastor Andrew Brunson . The Trump administration said on Wednesday that Erdogan's imposition of retaliatory tariffs against the US were "a step in the wrong direction". [Full Article...]

China printing Indian currency notes, says report

China printing Indian currency notes, says report Is China printing Indian currency? Referring to president of the China Banknote Printing and Minting Corporation Liu Guisheng's article the report said that, two years after the launch of the belt and road plan (2013), the company "successfully won contracts" for currency production projects in a host of countries including Thailand, Bangladesh, Sri Lanka, Malaysia , India , Brazi... [Full Article...]

United Kingdom jobless rate falls to new 43-year low

United Kingdom jobless rate falls to new 43-year low Tuesday┬┤s data also showed productivity grew at its fastest annual rate since late 2016 and the number of people whose main job was an insecure zero-hours contract fell by the most since 2000, the Office for National Statistics said. The British unemployment rate shrugged off Brexit worries to reach a low not seen for 43 years, according to data released on Tuesday. The economic inactivity r... [Full Article...]

Turkey says ready to discuss issues with U.S

Turkey says ready to discuss issues with U.S Turkey's Foreign Minister Mevlut Cavusoglu (R) and his Russian counterpart Sergei Lavrov attend a joint press conference following their meeting in Ankara on August 14, 2018. Relations between Turkey and the United States strained following US President Donald Trump's decision to raise customs duties on aluminum and steel imports from Turkey to 20 and 50%, respectively. [Full Article...]

Turkish court rejects United States pastor Andrew Brunson's appeal

Turkish court rejects United States pastor Andrew Brunson's appeal Tensions between the two North Atlantic Treaty Organisation allies have been strained amid Turkey's detention of American pastor Andrew Brunson . Andrew Brunson's continued detention with charges of terrorism and espionage was cited as the basis of United States sanctions on two Turkish ministers on 1 August, which was followed by a doubling on 10 August of U.S. [Full Article...]

Bitcoin price keeps falling and just dipped below $6,000

Bitcoin price keeps falling and just dipped below $6,000 Bitcoin's share of the market, often referred to as Bitcoin dominance, topped 50% for the first time this year in the early hours of the Saturday session. Altcoins have experienced a torrid time over the past three months, which has allowed Bitcoin dominance to rise from 36% to 50% as it stand today. The last time Bitcoin dominance was above 50% was on 19th December, where it controlled 50.... [Full Article...]

Turkey increases tariffs on certain US imports

She wouldn't be drawn on whether the Trump administration would respond. The dollar this week rose to a 13-month high against a basket of currencies, getting an extra boost as emerging markets have sold off on concern about contagion from Turkey and investors sought a safehaven in the us currency. [Full Article...]

China, US to resume trade talks in late August

China, US to resume trade talks in late August The latest headlines crossing the wires concerning China-US trade spat, cites that China's Vice Commerce Minister is said to visit the US for trade talks. After negotiations in Washington in May, Beijing believed it had assurances from the USA that tariffs were off the table, with Mnuchin saying the trade war and tariffs were "on hold". [Full Article...]

Turkish President calls for iPhone boycott

Turkish President calls for iPhone boycott The dispute between the North Atlantic Treaty Organisation allies - brought to a new intensity by Turkey's holding of an American pastor for two years - has raised questions over the future of their partnership and fanned fears of a looming economic crisis in Turkey. [Full Article...]

Italy bridge operator focus of anger as collapse death toll rises

Italy bridge operator focus of anger as collapse death toll rises Meanwhile, Italian President Sergio Mattarella has called for a "serious and severe examination of the causes" of the bridge collapse . Media captionNicola and Lisa Henton-Mitchell narrowly escaped the Genoa bridge collapse with their two children. [Full Article...]

Qatar to aid Turkey, lira rallies, United States rejects lifting tariffs

The White House on Wednesday condemned Turkey for boosting tariffs on USA imports, the latest confrontation between the two North Atlantic Treaty Organisation allies. "Rates have gone up by 10 per cent". A banking watchdog's step to limit foreign exchange swap transactions also helped the currency. A Finance Ministry official said so far 3,000 people have signed up for the call. [Full Article...]

Corona owner pumps $4 billion more into weed producer Canopy

Corona owner pumps $4 billion more into weed producer Canopy Through its subsidiaries, Tweed and Spectrum Cannabis, Canopy has established a global presence in 11 countries. "Over the past year, we've come to better understand the cannabis market, the tremendous growth opportunity it presents, and Canopy's market-leading capabilities", Constellation CEO Rob Sands said in the statement. [Full Article...]

Omarosa Says The Way Donald Trump Touches Ivanka Is 'Uncomfortable To Watch'

Omarosa Says The Way Donald Trump Touches Ivanka Is 'Uncomfortable To Watch' But Trump, who hired Newman to star on his show " The Apprentice " and then gave her a almost $180,000 job at the White House as his liaison to the African-American community, remained true to his rep as a "counter-puncher". On Tuesday the Trump campaign filed a demand for arbitration against Manigault Newman. At Tuesday's briefing, Sanders responded that "this has absolutely nothing to do wit... [Full Article...]

Turkey Counterpunches By Raising Tariffs On U.S. Goods

Turkey Counterpunches By Raising Tariffs On U.S. Goods American Pastor Andrew Craig Brunson, the man detained in Turkey on terror-related charges and espionage, and who is one of the reasons for the economic hostilities against Turkey by the United States, has filed a fresh appeal for freedom. [Full Article...]

Tencent posts a surprise profit drop as regulators hobble games

Tencent posts a surprise profit drop as regulators hobble games Bloomberg News reported on Wednesday that China had stopped approving any new mobile games as part of a wider shake-up of the market. Revenue increased to 73.7 billion yuan ($10.7 billion). local time in Hong Kong. A closely watched Communist Party newspaper publicly chastised Tencent previous year over the game, claiming it caused addiction in young people. [Full Article...]

Erdogan to boycott iPhones as Turkey's feud with United States escalates

Erdogan to boycott iPhones as Turkey's feud with United States escalates The BBC Turkey correspondent Mark Lowen said Mr Erdogan's boycott could stoke tensions with the USA further - and Turks are waiting nervously for Mr Trump's response. Earlier this month, Erdogan ordered the assets of two United States officials frozen in retaliation for sanctions imposed on Turkey's justice and interior ministers over the U.S. [Full Article...]

Turkey court rejects new appeal to release detained U.S. pastor

Investors are anxious not only about Turkey's souring relations with the USA, a longtime North Atlantic Treaty Organisation ally, but also Turkish President Recep Tayyip Erdogan's economic policies and the country's high debt accumulated in foreign currencies. [Full Article...]


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