Economy

China Is Sending a Trade Envoy to Washington Amid Tariff Dispute

This month's meeting would be the first between senior USA and Chinese officials since June 3 talks in Beijing between Commerce Secretary Wilbur Ross and Vi...


Turkish firms cancel iPhone orders amid nationwide boycott on USA products

The tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said , in an apparent parallel response to Trump´s move. Be...


Rupee Reverses Day's Losses To Close Above 70 Per Dollar: 10 Points

Some currency experts are even predicting that the rupee would slide to 80 per dollar, or Rs21.8 per dirham in the coming months. What is happening in Turkey? ...


Elon Musk Confirms Saudis Will Pay for Taking Tesla Private

On Monday, he said the financing referred to talks he has had with Saudi Arabia's sovereign wealth fund . "They then held several additional meetings with me...


Khamenei blames Rouhani for economic crisis in Iran

That after Washington pulled out of a nuclear deal and then, last week, reimposed sanctions. "America's withdrawal from the nuclear deal is a clear proof that...


Associations Assist With Investigation After Seattle Hijacking

According to ABC news, the plane had to be diverted away from the city by US Air Force fighter jet after it took off from Sea-Tac International Airport. Autho...


RyanAir pilot strike grounds 400 flights across Europe

Ryanair, which in the Netherlands flies to holiday destinations such as Malaga in southern Spain, the Canary Islands and Ibiza, said it would have to axe arou...


Erdogan warns Turkeys partnership with US ‘in jeopardy

The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic ...


Sports Direct strikes £90m House of Fraser rescue deal

Newcastle United owner Mike Ashley has always been rumoured to have been interested in buying the department store giant - as well as Philip Day, chief execut...


Turkey woes see Wall Street end week on sour note

The Russell 2000 is up 17.52 points, or 1 per cent. But all three ended the day in the red: the Dow fell 196.09 points (0.77 per cent) to 25,313.14 while the ...


Turkish lira continues downward spiral, hits new record low

Trump announced the action Friday on Twitter . "Section 232 tariffs are imposed on imports from particular countries whose exports threaten to impair nat...


Government of Ontario are working to restore dollar Beers for labour Day

Ford has said buck-a-beer will be available in the province by August 27, in time for Labour Day weekend. In order to encourage producers to lower their pri...


Elon Musk Considering Taking Tesla Private, Has Already Secured Funding

Former SEC chairman Harvey Pitt spoke up about the matter to CNBC , noting that Musk's tweet "might constitute fraud if any of the facts he disclosed are not...


Temperatures staying very high in red-hot Europe

Latest weather prediction models by WX Charts show Europe's temperatures are forecast to be hottest in Spain, France and Portugal, where highs of 48C are po...


Pompeo: Despite tensions, Turkey remains a key U.S. ally

The Turkish foreign ministry called on the USA to reverse its "wrong decision" on Thursday after Washington announced sanctions on Abdulhamit Gul, the minis...


China threatens new tariffs on US$60b worth of U.S. goods

US Treasury Secretary Steven Mnuchin called China's Vice-Premier Liu He last week in a bid to persuade Beijing to approve US chip maker Qualcomm's takeover deal...


What does interest rate rise mean for mortgages and savings?

The repo rate is the rate at which the central bank of the country lends funds to the commercial banks. But it also said inflation - now running at 2.4 pe...


Apple Becomes World’s First Trillion-Dollar Company

Along the way, it has changed how consumers connect with one another and how businesses conduct daily commerce. At press time Apple's stock cost $206.90 and...


United States sanctioning Turkish officials over detention of American pastor - White House

One proposed bill would restrict loans from global financial institutions to Turkey until Ankara stops the "arbitrary arrest and detention" of USA citizens and ...


Impact of U.S.-China trade tariffs on U.S. companies

You're not going to be too angry with Trump, I can tell you. Juchems, who says he didn't vote in the 2016 election, gives President Trump leeway to resolve ...