United States plans more sanctions against Turkey if pastor not released

18 Aug, 2018

The number of Qatari investments in Turkey is very small, compared to the size of the lira crisis and the size of foreign currency debt to the government, banks and private sector institutions. Ankara has accused Brunson of being linked to the Gulen movement, which it says was responsible for the failed coup attempt in 2016. Turkey and Qatar have traditionally maintained good ties.


Turkish lira weakens to 5.86, US warns of more sanctions

18 Aug, 2018

He has denied the charges, and his case has been taken up by U.S. President Donald Trump , who counts evangelical Christians among his core supporters. Mr Trump's national security adviser, John Bolton, had issued a blunt warning to Turkish ambassador Serdar Kilic when he met him on Monday at the White House, an administration official said on Thursday.


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

17 Aug, 2018

Earlier this month, the Trump administration announced it would impose 25 percent tariffs on $16 billion worth of Chinese imports beginning August 23. The European Union filed its own WTO complaint in June against Chinese technology policies it said violate Beijing's free-trade commitments. "We urge the USA side to take practical action, respect WTO rules and abandon its wrong practices, to bring the trade of related products back to normal".


Turkish firms cancel iPhone orders amid nationwide boycott on USA products

17 Aug, 2018

Before he spoke, the lira strengthened more than 3 percent, despite signs that the dispute with the United States is as wide as ever. Qatar will make $15 billion of direct investment in Turkey, Qatar's leader said on a visit to Ankara on Wednesday, said Turkey's presidential spokesman.


US Treasury Secretary Hints at More Sanctions for Turkey

17 Aug, 2018

In retaliation, Turkey's doubled tariffs on USA passenger cars, coal and other goods and announced a boycott of US electronic goods. The United States and Turkey have exchanged tit-for-tat tariffs in Trump's attempt to persuade Turkish President Recep Tayyip Erdogan to give up Brunson , who denies charges that he was involved in a coup attempt against Erdogan two years ago.


EUR/USD plummets to 1.1360 as Turkey crisis resurfaces

17 Aug, 2018

The lira recovered on Tuesday from near-record lows, helped by liquidity measures from the Turkish central bank. 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).


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

17 Aug, 2018

A few months back the USA and China were sending trade delegations back and forth between China and the U.S.to negotiate trade agreements between the two nations. The talks, which will take place at a lower level than previously, are the first official attempt by the world's two largest economies to alleviate trade tensions that have been simmering since June.


US Jurors Back Claim that Roundup Causes Cancer

16 Aug, 2018

The former groundskeeper contracted a fatal form of non-Hodgkin's lymphoma after years of performing his duties at a local school. Jurors in state Superior Court agreed the product contributed to Johnson's cancer and the company should have provided a label warning of the potential health hazard.


Qatar pledges $15 billion of investment in Turkey

16 Aug, 2018

The decree also doubled tariffs on American cosmetics, rice, and coal, among other imports. On Friday, US President Donald Trump doubled tariffs on aluminium and steel from Turkey in response to the detention of a US citizen. White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong". But support from Qatar and Germany can't fix Erdogan's problems, and the US has signaled it's unfazed by Erdogan's retaliations.


Qatar to aid Turkey, lira rallies, United States rejects lifting tariffs

16 Aug, 2018

Mr Trump reportedly believed he had reached agreement with Erdogan to free Brunson in exchange for Israel's release of a Turkish woman, Ebru Ozakan, accused of providing funds to Hamas. Italy's biggest bank, UniCredit, Spain's BBVA and France's BNP Paribas all have substantial interests in Turkish banks. "This period has shown us areas in which we're lacking".


Retail inflation eases to 4.17% in July as food prices decline

16 Aug, 2018

The Office for National Statistics said the retail prices index (RPI), which includes some housing costs, rose at 3.2%, lower that the 3.4% seen in June, but still well above CPI. Years of steady house price hikes have created huge affordability issues for first-time buyers, so the fact that annual house price growth has fallen to its lowest point in five years will be a welcome change for many.


Turkey Counterpunches By Raising Tariffs On U.S. Goods

15 Aug, 2018

Qatar has moved closer to countries like Turkey and Iran after Saudi Arabia and other Arab states severed diplomatic, trade and travel ties with the Gulf state past year, accusing it of financing terrorism. "Nevertheless, it must be acknowledged that the government of Qatar is now overlooking the situation in Turkey and did not provide the necessary political and humanitarian support...


Morocco campaign to boycott United States products in solidarity with Turkey

15 Aug, 2018

Apple has 22 percent of the smartphone market in Turkey, where 11.4 million units were sold previous year, according to Ramazan Yavuz, research manager at IDC consultancy company. In an effort to defend the lira, Turkey's central bank tightened its rules on currency swaps and other foreign exchange transactions, limiting banks' ability to supply lira to foreign financial companies.


Oil remains steady as emerging-market fears escalate amid Turkey crisis

15 Aug, 2018

Benchmark Brent crude oil was down 10 cents at $72.71 a barrel by 11:30am GMT. Oil prices jumped on Tuesday after Saudi Arabia said it cut production, adding to concerns over global supply as USA sanctions against Iran curb its exports, though the prospect of a slowdown in global economic growth kept a lid on markets.


At least 22 killed in Italy as motorway bridge collapse

15 Aug, 2018

Authorities say at least 30 people have been killed, with the death toll expected to rise. Rescue teams worked through the night and into the morning to recover the victims. The precise cause of the collapse remains under investigation. Salvini, who is co-deputy prime minister and leader of the nationalist League party in the new coalition government, vowed to hold those responsible for the disaster accountable.


Turkey's Erdogan Threatens Boycott of US Goods

15 Aug, 2018

Erdogan said his country will boycott USA -made electronic goods amid a diplomatic spat that has helped trigger a Turkish currency crisis. "If they have iPhones , there is Samsung on the other side, and we have our own Vestel here", he said, referring to the Turkish electronics company, whose shares rose 5 percent.


Tesla directors: 'No formal proposal' to take company private

14 Aug, 2018

Reuters, citing a source, reported after the tweet that Silver Lake was not discussing participating as an investor in the deal and "was offering its assistance to Musk without compensation and had not been hired as a financial adviser in an official capacity".


Markets rattled as Turkish lira dives

14 Aug, 2018

The threat comes during a Turkish currency crisis that has seen the lira's value collapse against the USA dollar. Emerging market currencies fell on along with the lira, while Asian stocks fell across the board. The latest blow came on Friday , when US President Donald Trump said he had approved the doubling of tariffs on Turkish steel and aluminium. Erdogan said his government would offer further incentives to companies planning to invest in Turkey and said firms should not be put off ...


Firefighter killed battling California's Ranch Fire

14 Aug, 2018

The River Fire started more than two weeks ago. Within three days, the Holy Fire had claimed more than 10,000 acres of land. In a video of the hearing, Clark can be seen making several outbursts and calling the charges against him "lies".


Elon Musk's tweet draws Tesla investor lawsuit over share price swing

14 Aug, 2018

After the tweet, Tesla's stock rose enough for Musk's net worth to grow by $1.4 billion (according to Hypebeast ). Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price. In a blog post, he said going private would liberate the company from the quarterly reporting cycle, allowing it to be "free from as much distraction and short-term thinking as possible".


Rupee Falls Sharply To Close At Record Low Against Dollar

14 Aug, 2018

Yesterday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the USA currency amid fears that Turkish currency turmoil could turn out into a global financial crisis. The next crucial level for the rupee is 69.80 to the dollar, he added. Economic Affairs Secretary Subhash Chander Garg said external factors may ease going forward.


World equities slip on Turkey currency woes

14 Aug, 2018

Trump authorized an increase in tariffs on Turkish aluminum and steel products on August 10, while the US also imposed sanctions on Turkish justice and interior ministers for their alleged role in the arrest American pastor Andrew Brunson , who is under arrest for his alleged links with PKK and Gülenist Terror Group (FETÖ).


Saudi Arabia looks to invest big in Tesla

13 Aug, 2018

While Tesla CEO Elon Musk teased last week about taking the company private, several suitors may have already been courting the electric vehicle giant months ago. Tesla shares were little changed at US$355.16 as of 10:29 a.m. on Frankfurt's Tradegate, before the USA market opens. The Public Investment Fund, which has built up a stake just shy of 5 percent in Tesla in recent months, is exploring how it can be involved in the potential deal, said the people, who asked not to be ...


S&P 500, Dow end slightly lower

13 Aug, 2018

The S&P 500 was in slightly positive territory most of the day, putting it once again close to the record high it hit January 26. The S&P 500 is up 13.23 points, or 0.5 per cent. Intel dropped 2.3 percent after Goldman Sachs downgraded the stock to "sell". The stock ended down 4.8 per cent. Bookings Holdings fell 5.9 percent and weighed the most on the S&P and the Nasdaq after it forecast third-quarter profit below expectations.


Turkish lira slumps to new record low as Donald Trump doubles tariffs

13 Aug, 2018

Erdogan said during an address to supporters: "Change the euros, the dollars and the gold that you are keeping beneath your pillows into lira at our banks". side "would define progress as Pastor Brunson being brought home". And he brushed off the tariffs . "If we did not release him, they said they would sanction us.



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