Economy

Erdogan claims victory in Turkish election - but opponent disputes, claims manipulation

Addressing a rally in Istanbul on Saturday attended by hundreds of thousands of people, Ince promised to reverse what he and opposition parties see as a swi...


Trump 'surprised' by Harley-Davidson move to shift work out of US

Harley-Davidson, up against spiraling costs from tariffs , will begin to shift the production of motorcycles headed for Europe from the U.S.to factories over...


Russia Supports OPEC Plan to Lift Oil Production

The 14 member nations of OPEC - mainly Saudi, Venezuela , Iran and Iraq - controlled a little more than 80 per cent of world crude oil reserves in 2016...


Trump threatens 20 per cent tariff on European Union cars

Earlier in the week, the European Commission said it would start charging import duties of 25 per cent on a range of USA products from Friday after Washington...


'Good news, but it's not a windfall' in Washington state

That ruling held that a state can not require an out-of-state seller with no physical presence in the state to collect and remit sales taxes on goods the se...


China hits back at Pompeo; accuses USA of blackmail tactics

The sell-off came after President Donald Trump threatened to impose tariffs on an additional $200 billion in imports from China , and the Chinese governmen...


Chinese Media Denounces Trump Trade Moves as Beijing Touts Sincerity

The president said if China chooses to retaliate (as it has with past actions), he'll follow up with tariffs on yet another $200 billion of Chinese goods. F...


Federal Bureau of Investigation head proves Washington has a vendetta against Trump

The report released Thursday calls former FBI Director James Comey "insubordinate" and says his actions were "extraordinary". Bernie Sanders was an "an idio...


Chicago taps Musk's firm to build high-speed tunnel to O'Hare

And the project would-use the long mothballed CTA "superstation" under Block 37 as a terminal, with the end point located near the CTA's Blue Line terminus ...


Comcast offers $65 bn for Fox assets, topping Disney offer

Via The New York Times , Comcast's all-cash bid signals the cable giant's seriousness about outgunning The Walt Disney Company for exclusive rights to Fox-...


Trump slams Trudeau, says U.S. won’t endorse G7 communique

Trudeau, who had said at the news conference that Canada would retaliate for new USA tariffs, didn't respond to questions about Trump when the prime mini...


Tesla Autopilot: Elon Musk promises 'full self-driving features' by August

Elon Musk , Chief Executive Officer and Co-founder of Tesla , has disclosed that the latest version of Autopilot will begin rolling out in August, which will...


Tesla lays off thousands of workers in corporate restructuring

Year-to-date, Tesla's headcount is up roughly 15%. The move coincided with a significant jump in Tesla's stock price following a report from Keybanc Capit...


Buffett Says Health Venture CEO Pick to Be Disclosed in Weeks

The two men noted that companies often hesitate to spend on technology, hiring, and research and development in order to meet quarterly earnings guidance that c...


Tesla (TSLA) rallies ~10% on Elon Musk’s confidence as the shorts scramble

After describing the past few months as among the most "hellish" in his life, Musk said he expected Tesla to post a quarterly profit during the July-Septe...


Merkel's plans for the European Union: joint military force, common migrant asylum standards

Merkel said. Germany's Angela Merkel has offered her most detailed response to French President Emmanuel Macron's ideas for reforming Europe, seeking to a...


China's Commerce Ministry: China will reserve rights to release countermeasures

The Trump administration's move comes ahead of US Secretary of Commerce Wilbur Ross' planned visit to Beijing on Saturday, during which the US and China will ...


European stocks close higher as Italian, Spanish indexes jump on political developments

The 5-Star Movement and far-right League have dropped plans to take power and have switched to campaign mode. The heavily-indebted nation found buyers for alm...


Singapore Airlines to launch world's longest commercial flight in October

The aircraft commissioned for this journey is the Airbus A350-900ULR (ultra-long range), configured with 67 business and 94 premium economy seats. Currently, ...


Trump to remove tariff exemption from EU, Canada, Mexico

President Trump is imposing steel and aluminum tariffs on Canada , Mexico , and the European Union . "Today is a bad day for world trade", she said. Sen...