Economy

Turkish Court Again Rejects Appeal To Release U.S. Pastor

Turkish Court Again Rejects Appeal To Release U.S. Pastor

Deepening a spat that has rattled financial markets and threated to split a long-standing defense and political alliance, Treasury Secretary Steven Mnuchin suggested the next spiral of tit-for-tat sanctions was coming soon. It estimates Turkey's short-term external debt at $180 billion and total external debt at $460 billion - the highest in emerging markets. Finance Minister Berat Albayrak told investors on Thursday that Turkey would emerge stronger from the crisis, which Ankara ... Read More

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Tesla Board 'Totally Blindsided' by Musk's Suggestion to Take Company Private

Tesla Board 'Totally Blindsided' by Musk's Suggestion to Take Company Private

Yeagar's filing reiterates what much of what the prior suits allege: That despite affirmative statements from Musk of having secured proper investment to go private, no such plans had been made. California-based Tesla has become one of the most valuable automakers on expectations it will disrupt the industry, although it produced only slightly more than 100,000 vehicles past year. Read More

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Higher US tariffs on steel imports from Turkey take effect

Higher US tariffs on steel imports from Turkey take effect

As the tariffs will take effect immediately, a lot of Turkish steel exporters and United States importers could be hurt, as there are steel cargoes on the way to the U.S. Even before Trump's announcement, President Tayyip Erdogan told Turks to exchange gold and dollars for lira in order to fight "an economic war ". The lira fell further as Erdogan spoke. Read More

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Israel and Trump's New Iran Sanctions

Israel and Trump's New Iran Sanctions

The commission said today it hadn't received any such requests despite the growing number of companies who say they are pulling out of Iran. North Korea for its part denounced the United States for its "outdated acting script" in pressuring the North with continued sanctions, but said it was still prepared to meet its obligations after a historic North Korea-U.S. Read More

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Elon Musk tweets he may take Tesla private

Elon Musk tweets he may take Tesla private

Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. He also said he would not sell his stake. However, Mr Musk has said he has no plans to do so and promised that the firm will be profitable in the second half of the year, barring any unforeseen events. Read More

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Trump threatens Turkey sanctions over pastor

Trump threatens Turkey sanctions over pastor

US President Donald Trump had earlier written on Twitter that his country "will impose large sanctions on Turkey for their long time detainment of Pastor Andrew Brunson ". One of Brunson's attorneys is Jay Sekulow, who also represents Mr. Trump in the Russian Federation investigation. Erdoğan has demanded Gülen in exchange for Brunson, a trade the USA has wisely refused. Read More

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Trump Administration to Give $12 Billion to Farmers Caught in Trade War

Trump Administration to Give $12 Billion to Farmers Caught in Trade War

They also said China's government-backed economy and its increasing shift toward automation and reliance on service industries mean that American workers would feel the pain of a full trade war before Chinese businesses do. commodities, including field crops like soybeans and sorghum, livestock products like milk and pork, and many fruits, nuts and other specialty crops, it said. Read More

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Trump Slams Critics of Trade and Tariff Strategy

Trump Slams Critics of Trade and Tariff Strategy

On July 24, Trump called for patience and the need to "stick it out". Lamar Alexander, a Republican who has a bipartisan bill with Democratic Sen. "So, the tariff policies that have been put in place by the administration are now causing them to invoke a welfare policy for our farmers, which I'm sure is not what they wish", Corker said. Read More

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5 things to know about Tesla’s China plans

5 things to know about Tesla’s China plans

Tesla CEO Elon Musk explained the company's production mistakes in an interview with Bloomberg . The factory will alter the geopolitical terrain of battery production. Electric vehicle pioneer Tesla Inc . For example, a buyer today who purchases a Model 3 for $50,000 (representing a long-range battery, rear-wheel drive auto with the required Premium Package), would get a tax credit that will bring the effective price down to $42,500. Read More

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Trump threatens additional tariffs on $200 billion of Chinese goods

Trump threatens additional tariffs on $200 billion of Chinese goods

Investors are also assessing the impact of tightening monetary policy by central banks after the US Federal Reserve raised interest rate last week and the European Central Bank said it planned to end its bond-purchase program at year-end. The S&P 500 index is rising 8 points, or 0.3 percent, to 2,771. China might be unable to match the USA tariffs because it imports much less from the United States - $130 billion in goods previous year, compared with Chinese exports to the United States of ... Read More

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China cuts USA investments by 92% amid escalating trade war

China cuts USA investments by 92% amid escalating trade war

The potential tariffs announced by Trump come as the USA and China both announced plans to impose tariffs on up to $50 billion worth of goods imported from the other country. Those tariffs were matched by China's threat to penalize on US exports, a move that drew the president's ire. Washington and European companies alike have long voiced concern about trade policies in China that protect domestic companies and State Owned Enterprises through subsidies, regulatory barriers and ... Read More

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Kansas City, Kan., deputies shot, one dead

Kansas City, Kan., deputies shot, one dead

Deputy Patrick Rohrer , 35, was taken to a hospital where he later died, the Kansas City police said. One suspect was also shot and taken to an area hospital. In the other incident, a standoff ended when a sword-wielding woman who fled from police later was shot after attempts to negotiate peacefully proved unsuccessful. Read More

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Fed hikes interest rates again, raises outlook for more increases in 2018

Fed hikes interest rates again, raises outlook for more increases in 2018

The Federal Open Market Committee voted to lift the target range for the federal funds rate by 25 basis points to between 1.75% and 2%. "Most people who want to find jobs are finding them, and unemployment and inflation are low". The 3.8-percent jobless rate is close to the lowest level ever seen in the U.S. There are more job openings than workers seeking employment in the country for the first time in recorded history, and recent inflation data shows prices inching through the Fed's ... Read More

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Burgers behind IHOP name change

Everyone's default theory was that the "B" didn't stand for a particular dish at all, but instead to "Breakfast". As the Inquisitr reported last week , IHOP announced that they would be making a huge change, renaming the iconic restaurant chain to IHOb , with a lower case "b". Read More

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This photo of Donald Trump perfectly captures tensions with world leaders

This photo of Donald Trump perfectly captures tensions with world leaders

We agreed. We compromised on the communique . "On NAFTA we either leave it the way it is as a three-some deal with Canada, the United States and Mexico and change it very substantially - we're talking about very big changes". Earlier reports had indicated that the United States had endorsed the communique, but Trump subsequently posted a message on Twitter slamming Canadian Prime Minister Justin Trudeau's press conference held after the summit. Read More

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20% tariff on pork imports among measures that take effect today

The White House was burned by British troops in 1814 as part of a failed invasion of the mid-Atlantic, more than 50 years before the signing of Canada's confederation paved the way for the country to become independent. The United States is reportedly preparing to unleash another round of tariffs on Canada as retribution for its Can$16.6 billion (US$12.9 billion) in tariffs on USA goods. Read More

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Petrol prices are set to drop around the country

Petrol prices are set to drop around the country

Price of non-branded diesel was also reduced to Rs 68.80 per litre in New Delhi , Rs 71.35 per litre in Kolkata , Rs 73.25 in Mumbai and Rs 72.64 per litre in Chennai . Since April, growing concerns about risks to global crude oil supplies have caused worldwide oil prices, and local retail petrol prices, to jump dramatically, peaking in May. Read More

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