Economy

Turkey hopes to find solution on Syria's Idlib with Russian Federation

Turkey hopes to find solution on Syria's Idlib with Russian Federation The White House says "we won't forget" how Turkey has treated a detained American pastor, after a court rejected his appeal for release. He pointed out that the West and especially the USA are trying to block the path of Astana to prevent the settlement of the crisis in Syria, pointing out that the imposition of sanctions on the guarantor states (Russia, Iran, and Turkey) may aim to influence th... [Full Article...]

China files WTO challenge to United States tariffs on solar panels:The Asahi Shimbun

China files WTO challenge to United States tariffs on solar panels:The Asahi Shimbun Trump announced earlier this year that he would impose global tariffs of 25% on imported steel and 10% on aluminum, citing national security concerns. Mexico's economy minister, Ildefonso Guajardo, said the tariffs will affect some 3 billion dollars in value terms. Another round of USA tariff hikes on $16 billion of Chinese goods is due to take effect August 23. [Full Article...]

US Treasury Secretary Hints at More Sanctions for Turkey

US Treasury Secretary Hints at More Sanctions for Turkey Back then the Turkish ambassador to Qatar noted: "Sheikh Tamim bin Hamad al-Thani was the first leader to call President Erdogan and express support to our government and Turkish people". Brunson is accused of backing a 2016 coup attempt against Erdogan , which Brunson denies . Appearing alongside him, Turkey's Foreign Minister Mevlut Cavusoglu said "the era of bullying must end". [Full Article...]

Turkey's Erdogan pledges US electronics boycott, gets closer with Russia

Turkey's Erdogan pledges US electronics boycott, gets closer with Russia On Wednesday, Turkey rejected pastor Andrew Craig Brunson's appeal to be released from custody, and slapped additional tariffs on us imports. Turkey refused to release an American pastor who has been in detention in Turkey for almost two years now. [Full Article...]

Chinese official to visit USA to resume talks to end trade war

Chinese official to visit USA to resume talks to end trade war China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods since the start of the year and have threatened further tariffs on exports worth hundreds of billions of dollars. The invitation for talks may have been meant to steady markets, they said. Separately, China has said it is prepared to put additional tariffs on 5,207 goods imported from the United... [Full Article...]

Turkish court rejects appeal to release US pastor

Turkish court rejects appeal to release US pastor The dispute is one of several between the North Atlantic Treaty Organisation allies, including diverging interests in Syria and US objections to Ankara's ambition to buy Russian defence systems, that have contributed to instability in Turkish financial markets. [Full Article...]

Chinese Internet Titan Tencent Falters After Chinese Gov. Bans Game

Chinese Internet Titan Tencent Falters After Chinese Gov. Bans Game China's largest social media and gaming firm said April-June profit fell to 17.87 billion yuan (US$2.59 billion), lagging the 19.67 billion yuan average of 12 analyst estimates compiled by Thomson Reuters. Hong Kong-listed shares in Tencent, which derives much of its income from games, dropped more than three per cent on Wednesday and are down around 10 per cent since last week's announcement. [Full Article...]

Turkey slaps retaliatory tariff hikes on key U.S. products

Turkey slaps retaliatory tariff hikes on key U.S. products Brunson, a Christian pastor from North Carolina who has lived in Turkey for more than two decades, was indicted on charges of helping the Gülenist Terror Group (FETÖ), which is responsible for the failed 2016 coup, as well as for supporting the PKK. [Full Article...]

United Kingdom inflation rate rises for first time since November

United Kingdom inflation rate rises for first time since November India's retail inflation dropped to a nine-month low of 4.17% in July, from 4.92% a month ago, on the back of softening food prices and a favourable base, according to data released on Monday by the Central Statistics Office. Earlier this week official figures showed wages growth falling steadily over recent months, from 2.8% in February to 2.4% in June. John Hawksworth, chief economist at P... [Full Article...]

Turkey's economy suffers amid USA sanctions and tariffs

Turkey's economy suffers amid USA sanctions and tariffs The tit-for-tat tariffs came amid Turkey's rejection of a US demand that it release American pastor Andrew Brunson , detained on espionage and terrorism-related charges. "These are appeals that require fast decision making because they are related to an individual's freedoms", Brunson's attorney Ismail Cem Halavurt told Reuters . [Full Article...]

Qatar pledges $15 billion to Turkey as lira rallies

Qatar pledges $15 billion to Turkey as lira rallies The promise of an investment package comes after Qatar's Emir Tamim bin Hamad Al-Thani met with President Tayyip Erdogan in Ankara and as Turkey comes to terms with a collapse in the lira amid rising tensions with North Atlantic Treaty Organisation ally the US. [Full Article...]

Erdogan: Turkey can do without U.S. electronic goods

Erdogan: Turkey can do without U.S. electronic goods The Turkish lira rose for a second day on central bank liquidity measures, while other emerging market currencies stumbled again, with the South African rand hitting a 13-month trough and the Indian rupee lingering near an all-time low. While Erdogan didn't address their concerns in his speeches on Tuesday, he suggested Turks have already begun responding to his call to convert foreign exchange ... [Full Article...]

Oil rises on concern over Saudi and Iranian supply

Oil rises on concern over Saudi and Iranian supply Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply. Oil prices slid Monday after inventories at a key U.S. crude delivery hub jumped last week, adding to demand concerns. Riyadh told Washington in June it would increase output in attempt to make up for Iranian... [Full Article...]

Could Turkey's currency crisis spread "contagion"?

Could Turkey's currency crisis spread Turkish President Recep Tayyip Erdogan vowed that his country would boycott US -made electronic goods, including iPhones . Singling out the iPhone, he suggested Turks buy Samsung Electronics Co. The country's Finance Minister will seek to reassure around 1,000 worldwide investors in a teleconference scheduled for Thursday. Although relations between Russian President Vladimir Putin and Tur... [Full Article...]

Tesla board says it will assess plan to go private

Tesla board says it will assess plan to go private Tesla shares fell 1.2 per cent after opening sharply higher. The SEC is reportedly looking into Musk's tweets about taking the company private, if Musk tweeted that he had " funding secured " for the process without actually having the money to back it up, it could be argued that the CEO was attempting to inflate Tesla stock prices with the tweet which could spell disaster for Musk. [Full Article...]

Emerging markets head for 'textbook currency crisis'

Emerging markets head for 'textbook currency crisis' Turkey's Capital Markets Board (SPK) and financial crime board have also said they would take legal steps against those who spread misinformation about financial institutions and firms, or reports that the government would seize foreign-currency deposits. [Full Article...]

Firefighter dies in Mendocino Complex Fire

Firefighter dies in Mendocino Complex Fire His bail has been set at $1 million dollars. The Ranch Fire is 62 percent contained as of Monday morning. Cal Fire has announced the Ranch Fire as the largest in California history at over 287,000 acres. Three firefighters have died in the blaze, which started on July 23 and has burned through 206,000 acres and destroyed 1,077 homes near Redding in the far northern Shasta County in Californi... [Full Article...]

Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low

Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low However, according to an Economic Times report, Turkish lira , Russian ruble, Argentine peso have significantly weakened against the dollar. Nervous investors were keeping an eye on developments in Ankara after yesterday's bloodletting that saw the lira hit record lows against the dollar and euro , and equity markets go into freefall on concerns Turkey's financial crisis could spread globally.... [Full Article...]

Turkey launches probe into ‘fake news’ over lira rumors

Turkey launches probe into ‘fake news’ over lira rumors The economic troubles in Turkey have gripped global financial markets, with investors scrambling to determine whether and how far pain there would spread. Terry Sandven, chief equity strategist at US Bank Wealth Management, said the dollar has strengthened because economic growth has picked up and other regions aren't doing as well. [Full Article...]

Man Steals Passenger Plane, Does Stunts Before Crashing

Man Steals Passenger Plane, Does Stunts Before Crashing But she said SeaTac airport stakeholders are talking about what more can be done. He told them, "Those guys will rough me up if I try and land there". Authorities said an airline employee had made "an unauthorised take-off" without any passengers on board. Aug 13, 2018 An example of the Horizon Air q400 airplane like the one involved in Friday's incident. [Full Article...]


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