Economy

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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Erdogan Vows to Boycott U.S. Electronic Goods Amid Pastor Spat

Erdogan Vows to Boycott U.S. Electronic Goods Amid Pastor Spat

Shares in Vestel zoomed up seven percent on the Istanbul stock exchange after Erdogan's remarks. Turkey will soon be "selling high tech and design products to the world", Erdogan insisted during his...

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Elon Musk Confirms Saudis Will Pay for Taking Tesla Private

Elon Musk Confirms Saudis Will Pay for Taking Tesla Private

Musk regarding a potential Going Private Transaction will be accepted by the special committee", it writes. The company said in the statement the special committee has the authority to take any ac...

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Erdogan says Turkey to 'boycott' US electronic goods

Erdogan says Turkey to 'boycott' US electronic goods

He also appealed to Turks to exchange dollars and gold for Turkish lira to support the plunging currency . But most of those reports are done, and Sandven, of US Bank , said stocks may spend the...

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Turkish currency crisis adds to misery of Indian rupee

Turkish currency crisis adds to misery of Indian rupee

The rupee recovered three paise from the previous day's close of 69.93. The euro hovered near one-year lows against the dollar and the Swiss franc as the Turkish lira wobbled, on worries economic ...

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Firefighter dies in Mendocino Complex Fire

Firefighter dies in Mendocino Complex Fire

The wildfire is the biggest recorded in California and is located about 100 miles north of San Francisco. The Ranch Fire was 59 percent contained at 8am local time (4pm BST) on Monday morning, a...

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United States seeks to stab Turkey in the back: Turkey's president - USA

United States seeks to stab Turkey in the back: Turkey's president - USA

The defiant move comes after White House-backed sanctions and tariffs against Ankara in a dispute about the detention of U.S. evangelical pastor Andrew Brunson on fiercely contested espionage charge...

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Seattle airport employee steals plane, takes off and crash lands

Seattle airport employee steals plane, takes off and crash lands

Flights out of Sea-Tac, the largest commercial airport in the Pacific Northwest, were temporarily grounded during the drama. The audio in this article has been edited from the original recording of ...

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Turkey's central bank launches economic-stability plan

Turkey's central bank launches economic-stability plan

Stock markets in Asia fell on Monday as investor concern over Turkey's currency crisis mounted. The Turkish lira has nosedived over the past week and tumbled another 7 percent on Monday as the...

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Tesla CEO Musk accused of defrauding shareholders, sued by investors

Tesla CEO Musk accused of defrauding shareholders, sued by investors

They have cited as evidence Musk's tweet that came on August 7 and the very next day, Tesla shares went up by around 13%. The Twitter comments could potentially affect Musk's legal situation. Wh...

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Saudi Arabia eyes enlarged stake in Musk’s private Tesla

Saudi Arabia eyes enlarged stake in Musk’s private Tesla

It comes after Mr Musk publicised plans to take Tesla private for $420 (£329) a share, a deal that would value the company at $82bn, including debt. Wall Street is awash with speculation on who mig...

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Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

Dow down 200, emerging markets crashing on US-Turkey geopolitical concerns

Shares of Apple (AAPL.O) rose 0.8 percent, while those of Amazon (AMZN.O) were up 0.6 percent and Microsoft (MSFT.O) 0.4 percent. The pan-European FTSEurofirst 300 index of leading regional shares...

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