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Business

During his meeting with the Turkish President Recep Tayyip Erdogan at the Presidential complex in Ankara , the Amir announced an initiative that will see Qatar provide support to the Turkish economy with a host of economic projects, investments, and deposits worth a total of QR55bn ($15bn).
  • White House says Turkish sanctions 'regrettable'

    White House says Turkish sanctions 'regrettable'

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    Turkey's finance minister says his government is working on steps to help banks and support companies affected by the currency crisis. The two North Atlantic Treaty Organisation allies are at an impasse regarding the detention of an American pastor, differing views on Syria, and Turkey's purchase of Russian military equipment.
  • Turkey's Erdogan vows U.S. boycott, but diplomats resume talks

    Turkey's Erdogan vows U.S. boycott, but diplomats resume talks

    Business

    For one more time, Erdogan called on Turks to convert USA dollars into lira in order to "maintain the dignity" of the currency . "We will impose a boycott on U.S. This week, bankers told Reuters that the Turkish Central Bank would meet "banks' lira liquidity needs at an overnight rate of 19.25 per cent if needed", in what the bankers said could be a first step toward tightening monetary policy.
  • Italy Bridge Operator in Spotlight as Collapse Death Toll Rises

    Italy Bridge Operator in Spotlight as Collapse Death Toll Rises

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    A truck driver who was seconds away from death has broken his silence, days after Italian authorities confirmed at least 39 people died from the Genoa bridge collapse. Many in the city had said the 1967 bridge needed shoring up. "Oh God", a witness can be heard crying out in Italian as footage of the collapse was caught on video.
  • Turkey slaps more tariffs on United States goods, escalating trade tensions

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    Ankara acted amid increased tension between the two North Atlantic Treaty Organisation allies over Turkey's detention of a pastor and other diplomatic issues, which have helped to send the lira tumbling to record lows against the dollar. On Tuesday, Mr Erdogan said Turkey would boycott U.S. electronic goods such as Apple's iPhone, even though he had been photographed repeatedly using one.
  • Qatar promises $15B investment in Turkey - presidency

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    She said the USA was "monitoring the situation". The clergyman is at the center of heightened tensions between North Atlantic Treaty Organisation allies, Turkey and the U.S. The White House called Turkey's tariff hikes "regrettable" and repeated its call for Brunson's immediate release. Most dramatically, a White House official told Reuters , "The president is 100 percent committed to bringing Pastor Brunson home, and if we do not see actions in the next few days or a week, there ...
  • Turkey doubles tariffs on some United States imports over economy

    Turkey doubles tariffs on some United States imports over economy "attacks"

    Business

    The decree said the move brought tariffs to 50 percent on imports of United States rice, 140 percent on hard alcoholic drinks like spirits, 60 percent in leaf tobacco and 60 percent on cosmetics. The president issued a rallying cry for unity to resist what he has described as an economic war waged by the US. Turkey's economy has been under the threat of sanctions from the USA after President Donald Trump tweeted earlier this year that this would be a probable course of action if an ...
  • Iran offers discount oil to Asia | Economy

    Iran offers discount oil to Asia | Economy

    Business

    Not a single tanker has loaded crude oil from the United States bound for China since the start of August, Thomson Reuters Eikon ship tracking data showed, compared with about 300,000 barrels per day (bpd) in June and July. Oil prices slid Monday after inventories at a key U.S. crude delivery hub jumped last week, adding to demand concerns. In the latest round of levies, China said it would impose additional tariffs of 25 per cent on $16 billion worth of USA imports.
  • Death toll in Italy bridge collapse is now 39

    Death toll in Italy bridge collapse is now 39

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    More than 400 people were evacuated from 11 buildings located near or below the still-standing of the bridge, the city said. The bridge, which was built between 1963 and 1967, had been beset with structural problems since its construction and had required expensive maintenance work in the past.
  • Turkish president says country will boycott iPhones

    Turkish president says country will boycott iPhones

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    On Monday, Erdogan said that spreading false news about the economy was treason and recent us actions were a stab in the back against Ankara . Mr Brunson's lawyer Ismail Cem Halavurt on Tuesday appealed again to a Turkish court to release him and lift his travel ban.
  • Tesla forms committee to assess proposal to go private

    Tesla forms committee to assess proposal to go private

    Business

    In his proposal, existing shareholders could remain as they are in a private Tesla, or agree to the buyout amount per share. He said he had most recently met with the Saudis on 31 July and left that meeting "with no question that a deal with the.
  • Dhaka 2nd least liveable city in world

    Dhaka 2nd least liveable city in world

    Business

    Melbourne's unseating isn't the only noticeable shift after years of very little change among the highest ranks. The rest of the top-10 cities are split between Japan (Osaka in 3rd place and Tokyo in 7th), and Canada (Calgary in 4th, and Vancouver 6th and Toronto tied with Tokyo in 7th).
  • Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

    Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

    Business

    Turkish President Recep Tayyip Erdogan this morning claimed the country was under economic "siege", accusing the USA of trying to "stab it in the back". That creates an awkward triangle, given that Turkey is a Nato member, Russian Federation is NATO's number one threat and the organisation is obliged to defend any member that is attacked.
  • Rupee breaches 70 per dollar mark as Turkey concerns persist

    Rupee breaches 70 per dollar mark as Turkey concerns persist

    Business

    Mumbai: Rerversing all its early gains, the rupee on Tuesday collapsed to a life-time low of 70.09 against the United States dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown. The government has blamed external factors for the depreciation, which it said will ease going forward, PTI reported. The yield on the benchmark 10-year notes was down 1 basis point at 7.81 percent after rising seven basis points on Monday.
  • No talks but no war either says Iran's Khamenei

    No talks but no war either says Iran's Khamenei

    Business

    President TrumpDonald John TrumpMattis defends reversing his stance on Trump's "Space Force" Pelosi: Trump engages in racism "constantly" Tom Steyer: Pelosi is wrong about Trump impeachment push MORE offered to join in unconditional talks with Tehran in late July after his administration withdrew the USA from the Obama-era Iran nuclear deal in May.
  • 'Stolen' plane closes Seattle airport before crashing into sea

    'Stolen' plane closes Seattle airport before crashing into sea

    Business

    An air traffic controller could be heard saying: "Right now, he's just flying around, and just he needs some help controlling his aircraft". Officials believed he ultimately crashed when trying to land. "Got a few screws loose, I guess". The aircraft was stolen about 8 p.m. Alaska Airlines said it was in a "maintenance position" and not scheduled for a passenger flight.
  • Saudi Arabia fund in talks to invest in Tesla buyout deal

    Saudi Arabia fund in talks to invest in Tesla buyout deal

    Business

    The US Securities and Exchange Commission (SEC) regulator contacted Tesla to inquire whether Musk's statements were factual and why the disclosure was made on Twitter rather than in a regulatory filing, according to media reports. Musk and his advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter.
  • World stocks hit one-month low as Turkish rout spreads

    World stocks hit one-month low as Turkish rout spreads

    Business

    However, the currency fell again Monday as fears deepened about the country's ability to deal with a crisis that has rattled markets around the world, dropping as much as 11% against the dollar in morning trading in Asia. He alluded to multifaceted rows, including U.S. sanctions and Turkey's estrangement within North Atlantic Treaty Organisation. The Turkish government's efforts to soothe investors' concerns have so far failed.
  • Saudi Arabia’s Wealth Fund Looking To Invest In Tesla Buyout

    Saudi Arabia’s Wealth Fund Looking To Invest In Tesla Buyout

    Business

    If it went private, Tesla wouldn't need to worry about catering to its quarterly reports , which could free it up to move faster in other places, like new-car development. If such a deal goes through, and is approved by both shareholders and the SEC, it will require about US$72 billion ($97 billion) in funding. Tesla's board revealed they will be discussing the proposal to take the company private with investors this week.
  • Tech stocks take Nasdaq closer to record

    Tech stocks take Nasdaq closer to record

    Business

    The tech-heavy index . IXIC was up 0.31 percent at 7,913.03, barely 0.25 percent away from hitting an all-time high. The S&P 500 is up 179.97 points, or 6.7 percent. The Nasdaq is up 79.77 points, or 1 per cent. Sinclair dropped 2.9 percent after Tribune Media dropped its $3.9 billion deal to be acquired by Sinclair and filed a lawsuit against the company for breach of contract.
  • Weed killer available in Britain blamed for causing cancer

    Weed killer available in Britain blamed for causing cancer

    Business

    The ruling is likely to have far reaching ramifications in other parts of the world including India, where glyphosate-based weedkillers are widely used. and around the world "support the fact that glyphosate does not cause cancer". But, the World Health Organization has classified glyphosate as "probably carcinogenic".
  • US SEC Delays Decision Concerning Bitcoin ETF Until September 30

    US SEC Delays Decision Concerning Bitcoin ETF Until September 30

    Business

    Bitcoin is proving itself to be more vulnerable than ever, and its reaction to the latest news is particularly overwhelming - so much so, that one can't help but take Tom Lee's recent words with a grain of salt. Bitcoin retreated as much as 7% to $6,393.70 in London, extending its 2018 drop to about 55%. The Bitcoin bulls are suffering right now as the Bitcoin price plummeted after taking a major downward pivot on this Wednesday.
  • Bitcoin price (BTC/USD) hits 19-day low

    Business

    Bitcoin or BTC has managed to pull back up after some recent dips in market price on Wednesday, these slight lows affected the whole of the crypto exchange and were not exclusively focused on BTC . Ripple's XRP gained 3.95% on Thursday, partially reversing Wednesday's 12.73% slide, to end the day at $0.34405. At the time of writing, Litecoin was down 0.59% to $62.71, with Thursday's late pullback weighing in the early hours of this morning, Litecoin falling to a morning low ...
  • Lira plummeting further into crisis ensures a brutal conclusion to eventful week

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    After he spoke, Mr Trump tweeted that aluminium tariffs "with respect to Turkey " would be raised to 20% and steel to 50%. The United States has increasingly used economic sanctions against foes such as Iran or North Korea but it is highly unusual for an administration to impose import tariffs over political or judicial issues with other countries.
  • Trump OKs stiffer tariffs on Turkish metals as lira plummets

    Trump OKs stiffer tariffs on Turkish metals as lira plummets

    Business

    Turkey's lira plummeted as much as 18 percent on Friday as worries about President Tayyip Erdogan's influence over monetary policy and worsening US relations snowballed into a market panic. Meanwhile, investors are anxious about the economic policies of President Recep Tayyip Erdogan , who won a new term in office in June with sweeping new powers.
  • Ryanair flights grounded as pilots strike

    Ryanair flights grounded as pilots strike

    Business

    This includes 78 flights to or from Spain, a move that will affect 14,000 passengers. The airline said the strikes were "regrettable and unjustified" and called for unions to come back to the negotiating table. Ryanair claimed more than 2,000 flights would operate as normal on Friday. Ryanair planes have a capacity of 189, meaning more than 74,000 passengers could be affected.
  • New York City Council Votes to Cap Uber and Lyft

    New York City Council Votes to Cap Uber and Lyft

    Business

    Mayor Bill de Blasio, who has championed. He said he intends to sign the bill. The first such cap by any major USA city was part of a package of measures that also includes setting a minimum wage for drivers. Six city taxi drivers have committed suicide in recent months under the financial pressure, according to the New York Taxi Workers Alliance. New Yorkers who regularly rely on Uber, Lyft and other ride-hailing services to travel around the city's five boroughs may find the apps less ...
  • 25% tariff on electric bikes shipped into U.S. takes hold August 23rd

    25% tariff on electric bikes shipped into U.S. takes hold August 23rd

    Business

    China's surplus with the United States shrank marginally to $28.09 billion last month from a record $28.97 billion in June. An earlier round of tariffs that went into effect on July 6 applied to $34 billion in imports. The US will begin imposing 25% duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world's two biggest economies.
  • Tesla shares dip after Elon Musk proposes going private

    Tesla shares dip after Elon Musk proposes going private

    Business

    Later in the day it became clear that Musk was in fact serious about the bid to take Tesla private when Tesla published a blog post in Musk's name addressed to all employees and when Musk tweeted that he had already lined up the funding for such a move.
  • Snapchat’s Controversial Redesign Blamed for Loss Millions of Active Users

    Snapchat’s Controversial Redesign Blamed for Loss Millions of Active Users

    Business

    Snap stock was trading at just over $13 a share ahead of Tuesday afternoon's report, down from a 52-week high of $21.22. More than six months later, Snap is now blaming the same design for a decline in its daily active users. Snap said ending leases in Venice, California, to consolidate offices a few miles north in Santa Monica cost it $3.9 million in the second quarter and would result in total expenses of $25 million to $45 million in 2018, mostly in the current quarter.
  • Donald Trump says tariffs 'working big time'

    Donald Trump says tariffs 'working big time'

    Business

    Trump has threatened tariffs on over $500 billion in Chinese goods, covering virtually all USA imports from China . Its response is to threaten retaliatory duties on 5,207 items originating in the United States , with tariffs ranging from 5% to 25%.
  • Michelle Obama Posts Sweet Message To Her Husband On His Birthday

    Michelle Obama Posts Sweet Message To Her Husband On His Birthday

    Business

    He served two terms as president, from January 20, 2009, until January 20, 2017. The bill was signed into law on August 6, 2017, making this year the first time it's actually celebrated. Michelle isn't the only one commemorating the former president's birthday today! Barack Obama was the first Black American man to hold the position of President of the United States.
  • Elon Musk tweets a lot. This time was different

    Elon Musk tweets a lot. This time was different

    Business

    The SEC did not immediately respond to a request for comment on Musk's tweet. Tesla shares rose 11 percent Tuesday, meaning short sellers lost about $1.3 billion in mark-to-market losses , according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics.