Economy

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'

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...]

Rising fuel prices push up United Kingdom inflation for first time in 2018

Rising fuel prices push up United Kingdom inflation for first time in 2018 With this decline, and a higher industrial production growth rate in June, the chance of another policy rate hike in October has faded. The inflation in pulses saw a negative inflation of (-) 8.91 per cent as compared to the same month past year. [Full Article...]

Jury awards $289M to man who blames Roundup for cancer

Jury awards $289M to man who blames Roundup for cancer While observers predicted thousands of potential future claims against the company in the wake of Monsanto's defeat, Bayer - which recently acquired the United States giant - said the California ruling went against scientific evidence. [Full Article...]

Turkey's Erdogan Threatens Boycott of US Goods

Turkey's Erdogan Threatens Boycott of US Goods That follows President Donald Trump's threat last week to jack up tariffs on Turkish steel and aluminum imports. Behind the scenes, however, diplomatic dialogue appears to have resumed. It was not clear when the court would consider the appeal. If the evangelical pastor is found guilty, he will face up to 35 years in jail. The chargé d'affaires at the USA embassy in Turkey, Jeffrey Hov... [Full Article...]

United States transgender woman wins Democratic nod for governor in Vermont

United States transgender woman wins Democratic nod for governor in Vermont Phil Scott is the current governor of Vermont, and she will face him in the November general election. "Christine's victory is a defining moment in the movement for trans equality and is especially remarkable given how few out trans elected officials there are at any level of government", Houston Mayor Annise Parker, president of the LGBTQ Victory Fund, said in a statement. [Full Article...]

Opec confident China-US dispute won't hit demand

Opec confident China-US dispute won't hit demand Prices rebounded from the previous session's slide that came as a financial crisis in Turkey sparked fears that possible contagion throughout emerging economies could hurt fuel demand. The International Energy Agency (IEA) said last week that global oil supply could become "very challenging" when USA sanctions on Iran return, but "trade tensions might escalate and lead to slower economic growth, a... [Full Article...]

Turkey plans boycott on United States electronics

Turkey plans boycott on United States electronics The move comes after the USA imposed sanctions on two Turkish ministers over the continued detention of an American pastor on terror-related charges, and President Donald Trump compounded the country's economic crisis by doubling steel and aluminium tariffs to 50% and 20%, respectively. [Full Article...]


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