Economy

Gunshots fired at United States embassy in Turkey

Gunshots fired at United States embassy in Turkey

Broadcaster CNN Turk reported a search was ongoing for the assailants, who fired several shots from a vehicle. Relations between the two North Atlantic Treaty Organisation allies have plummeted in...

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Elon Musk Clarifies He Absolutely Wasn't Stoned When He Sent '420' Tweet

Elon Musk Clarifies He Absolutely Wasn't Stoned When He Sent '420' Tweet

The billionaire electric vehicle maker, rocket launcher, tunnel digger and insulter of rescue divers sat down for an emotional interview with The New York Times , laying out recent trials and tribula...

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Genoa archbishop: Pope prays for bridge victims

Genoa archbishop: Pope prays for bridge victims

Rescue workers have found four more bodies in the rubble of the Genoa bridge collapse , raising the death toll from 38 as at Friday to 42 Saturday morning. Also attending were premier Giuseppe Conte ...

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Our crypto business is dead and it’s never coming back — NVIDIA

Our crypto business is dead and it’s never coming back — NVIDIA

A "sharp decline" in this sector led to a year-on-year drop of 54 per cent in revenue in the GPU specialist's OEM segment and a 70 per cent decline quarter-to-quarter. That fell short of analysts'...

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Trump Calls On SEC to Study Ending Quarterly Reporting

Trump Calls On SEC to Study Ending Quarterly Reporting

Tesla CEO Elon Musk, for instance, wrote in a letter to employees last week that being a publicly traded company "subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla t...

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More than 1000 Google workers protest censored China search

More than 1000 Google workers protest censored China search

Hundreds of employees have called on the company to provide more "transparency, oversight and accountability", according to an internal petition seen by Reuters on Thursday. Indeed, the firm has never...

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Tesla drops on SEC subpoena over Musk go-private plan

Tesla drops on SEC subpoena over Musk go-private plan

There are also four lawsuits filed againts Tesla and Musk for misleading investors. He is ready to offer those interested in selling their Tesla stock $420 per share, while Tesla employees will remain...

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Tesla stock loses billions after Elon Musk reveals ‘excruciating’ year

Tesla stock loses billions after Elon Musk reveals ‘excruciating’ year

He also described his use of the drug Ambien to sleep, a topic he's talked of before. Musk later explained that his claim was based on repeated and ongoing conversations with the Saudis and tweeted...

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Turkey will respond if United States imposes more sanctions: minister

Turkey will respond if United States imposes more sanctions: minister

The lira, which has lost some 40 percent of its value this year, weakened beyond 6.21 against the U.S. dollar after the news, from 6.04 beforehand. In recent weeks, the U.S. Speaking as he left the ...

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Stocks flat as Turkey worries offset U.S.-China trade talks

Stocks flat as Turkey worries offset U.S.-China trade talks

Treasury chief Steve Mnuchin said the U.S. could put more sanctions on Turkey if the pastor is not released soon. A Turkish court on Friday rejected Andrew Brunson's request to leave the country...

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Turkish lira firms before minister's presentation

On Thursday, US Treasury Secretary Steven Mnuchin said: "We have more that we are planning to do if they don't release him [Mr Brunson] quickly". "I have great faith in the American people and I'm h...

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Turks film themselves smashing iPhones amid US-Turkey trade war

Turks film themselves smashing iPhones amid US-Turkey trade war

The United States and Turkey have exchanged tit-for-tat tariffs in Trump's attempt to persuade Turkish President Tayyip Erdogan to give up Brunson, who denies charges that he was involved in a cou...

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Russian Federation says dollar's days numbered as global trade currency

Russian Federation says dollar's days numbered as global trade currency

Turkey and the United States are now experiencing rocky relations following Washington's imposition of sanctions on two government ministers who "played leading roles in the arrest and detention" of A...

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China Complains to WTO Over US Trade Tariffs

China Complains to WTO Over US Trade Tariffs

On July 16, China filed a complaint with the WTO against Washington's proposal on July 10 to levy additional tariffs on 200 billion dollars of Chinese products. It has attempted to recruit European an...

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Turkey doubles tariffs on more United States imports as diplomatic row escalates

Turkey doubles tariffs on more United States imports as diplomatic row escalates

The two North Atlantic Treaty Organisation allies have exchanged tit-for-tat sanctions over the pastor's house arrest. Qatar pledged invest up to $15billion in Turkey after Emir Sheikh Tamim bin H...

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Lawyer appeals for US pastor's release in Turkey

Lawyer appeals for US pastor's release in Turkey

The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies. In addition to its decision to ramp up tariffs on imports of Turkish steel an...

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U.S., China to Resume Trade Talks as Tariffs Bite

U.S., China to Resume Trade Talks as Tariffs Bite

A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet USA representatives led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce sa...

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Currency crisis in turkey- Qatar offers aid to Ankara

Currency crisis in turkey- Qatar offers aid to Ankara

If they back the American position on Turkey tariff penalties, then they lose Turkey". The pastor is at the center of an escalating spat between the United States and Turkey. The White House, howeve...

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Asian gaming stocks tumble as China halts license approvals

Asian gaming stocks tumble as China halts license approvals

For example, Tencent's market value has fallen more than $150 billion since January. Revenue from other businesses like mobile payments and cloud computing soared 81% in the quarter, and now account...

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Turkey hikes tariffs on imports of several USA products

Turkey hikes tariffs on imports of several USA products

His conciliatory remarks came as Washington said that tariffs on Turkish steel and aluminium were unrelated to the case of Andrew Brunson , a Christian evangelical pastor held in Turkey on terroris...

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Nigeria inflation dips 18th time to 11.14%

Nigeria inflation dips 18th time to 11.14%

As measured by the Consumer Price Index, it stood at 1.6% in July, down from 2.6% the previous month. Kogi recorded food price deflation or negative inflation (general decrease in the general price ...

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White House says Turkish sanctions 'regrettable'

Turkish Vice President Fuat Oktay said on Twitter that the measures were in response to "the deliberate attack of the United States administration on our economy". Qatar's banking sector has conside...

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Turkish court rejects appeal to release U.S. pastor

Turkish court rejects appeal to release U.S. pastor

A Moroccan group on Facebook named "the national campaign to demand a real Islamic bank in Morocco" has launched a campaign to boycott USA made goods and restaurants in response to Washington's target...

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Turkey's new tariffs on United States worth $533 million

Turkey's new tariffs on United States worth $533 million

The Turkish lira has dropped to record lows in recent weeks, having fallen some 42 per cent this year. Turkish President Tayyip Erdogan greets supporters at the AKP headquarters in Ankara, Turkey...

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Iran offers discount oil to Asian customers

Iran offers discount oil to Asian customers

Iran's state news agency IRNA reported that an "informed source" inside the country's oil ministry did not provide extensive details and sought to downplay the move as common industry practice. In...

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