• Qatar to invest $15bn in Turkey amid lira currency crisis
Qatar to invest $15bn in Turkey amid lira currency crisis

Turkey doubled tariffs on some USA imports including alcohol, cars and tobacco on Wednesday in retaliation for US moves, but the lira rallied further after the central bank's liquidity moves had the effect of supporting the currency. In an effort to defend the lira, Turkey's central bank tightened its rules on currency swaps and other foreign exc...

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  • Corona owner makes $4 billion bet on cannabis
Corona owner makes $4 billion bet on cannabis

Constellation Brands shares fell about 6 percent. The alcoholic beverage company joins rivals, including Molson-Coors Brewing and Anheuser-Busch, in exploring business opportunities in the cannabis sector. Linton said Wednesday the money would largely be used to position the licensed producer for worldwide expansion opportunities as cannabis become...

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  • Photographic memory: Pete Souza trolls Trump with just the right Obama photos
Photographic memory: Pete Souza trolls Trump with just the right Obama photos

Some are backed up with audio recordings. The former staff members have found a wide range of rehabilitation within Trump's orbit: his re-election campaign, the Republican National Committee, and outside groups that support both him and Vice President Mike Pence.

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  • Turkey Counterpunches By Raising Tariffs On U.S. Goods
Turkey Counterpunches By Raising Tariffs On U.S. Goods

Asked how the Trump administration would react to any such Turkish boycott, Sanders replied during Tuesday afternoon's briefing, "I certainly don't have a policy announcement on that at this point". A second appeal to release an American pastor held in Turkey was rejected Wednesday, his lawyer said, even as Turkish courts ordered the release of two...

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  • Turkey double tariffs on USA imports such as cars, alcohol and tobacco
Turkey double tariffs on USA imports such as cars, alcohol and tobacco

It was unclear whether Erdogan's call for Turks to sell dollars would be widely heeded, but a Turkish news agency said traders in Istanbul's historic Eminonu district converted $100,000 into lira on Tuesday. Turkish currency tumbled low over deteriorating relations with the United States as President Donald Trump unexpectedly doubled metal t...

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  • Turkey's Erdogan vows USA boycott, but diplomats resume talks
Turkey's Erdogan vows USA boycott, but diplomats resume talks

Turkey's President Recep Tayyip Erdogan , gestures as he delivers a speech to Turkish ambassadors at the Presidential Palace in Turkey, Monday, Aug. 13, 2018. Turkey and the United States are now at loggerheads over the arrest of USA evangelical pastor Andrew Brunson on terrorism charges in Turkey. Erdogan showed no signs of heeding their ad...

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  • Retail inflation at 9-month low; rate hike seems unlikely
Retail inflation at 9-month low; rate hike seems unlikely

Significant increases in the minimum support prices (MSPs) across crops on 4 July, after a modest hike over the past four years, are likely to add 70bps to retail inflation , according to India Ratings and Research. "Despite the truckers' strike, food inflation eased considerably in July 2018, benefiting from the base effect", she said. CPIH, th...

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  • Bayer shares slump after $289M Monsanto Roundup verdict
Bayer shares slump after $289M Monsanto Roundup verdict

While observers predicted that thousands of other claims could follow, Bayer said the California jury's findings went against scientific evidence and that other courts "might arrive at different conclusions". Johnson's attorneys sought and won $39 million in compensatory damages and $250 million of the $373 million they wanted in punitive damag...

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  • Turkey's Erdogan vows U.S. boycott, but diplomats resume talks
Turkey's Erdogan vows U.S. boycott, but diplomats resume talks

Turkish Airlines and Turk Telekom said the advertising boycott would encompass all written, visual and social media, although existing agreements would not be affected. Brunson, 50, is being tried on espionage and terror-related charges, which he and the United States government vehemently deny. Cavusoglu said that U.S.

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  • Transgender candidate makes history with Vermont primary win
Transgender candidate makes history with Vermont primary win

Christine Hallquist, a transgender utility executive seeking the Democratic nomination to run for governor of Vermont, talks about her candidacy on Wednesday Feb. In the same interview, Hallquist admits that she voted for a Republican, Phil Scott, for governor in 2016, but said that her policies are "pretty darn progressive".

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  • Oil prices dip as demand outlook dims; Iran sanctions provide some support
Oil prices dip as demand outlook dims; Iran sanctions provide some support

Oil prices moved up yesterday as United States of America (USA) sanctions against Iran pointed towards a tighter market, even as concerns over slowing economic growth amid global trade tensions kept a lid on gains. The OPEC report said it expected world oil demand to grow by 1.43 million bpd in 2019, down from 1.64 million bpd in 2018. Iran is...

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  • Drop in Turkish lira is making us a lot more money
Drop in Turkish lira is making us a lot more money

While the economic penalties would probably do little to dent US economic interests, Erdogan's threat shows that the standoff over the fate of an American pastor held in Turkey isn't going to end soon. USA electronics like the iPhone may be banned in Turkey after the country's president declared a boycott Tuesday. The owner of a store that sell...

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  • Turkey to reduce currency risk for companies, Finance Minister Albayrak says
Turkey to reduce currency risk for companies, Finance Minister Albayrak says

However, other countries - such as Mexico and South Africa - also took advantage of low U.S. interest rates in the years after the financial crisis to borrow heavily in dollars and saw their currencies coming under pressure. Businessmen holding USA dollars stand in front of a currency exchange office in response to the call of Turkish President Tay...

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

Tesla's board disclosed on August 8 that Musk had held talks with the directors in the previous week on taking the company private. It now appears as if financing for the deal is far from locked up, although Musk wrote Monday that he was encouraged to pursue the buyout in a July 31 meeting with the managing director of Saudi Arabia's Public I...

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  • Calgary ranks fourth in The Economist's list of most livable cities
Calgary ranks fourth in The Economist's list of most livable cities

Each year 140 cities are given scores out of 100 on a range of factors such as living standards, crime, transport infrastructure, access to education and healthcare, as well as political and economic stability. The survey had been criticised a year ago for demoting Manchester eight places after the May 22nd attack. "Although they have been subjec...

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  • Turkey promises to calm market jitters over lira nosedive
Turkey promises to calm market jitters over lira nosedive

The pan-European FTSEurofirst 300 index lost 0.31 per cent. Before the new measures were announced, Japan's Nikkei 225 had fallen nearly 2% in late trading. Meanwhile, rising USA interest rates are drawing money out of emerging markets in search of higher returns. ANALYST'S TAKE: Asian markets were "relatively more resilient" to Turkey jitt...

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  • Firefighters gain on major California blazes as heat wave breaks
Firefighters gain on major California blazes as heat wave breaks

The fire spread quickly due to what officials said was a flawless combination of weather, topography and abundant vegetation turned into highly flammable fuel by years of drought. After a father informed his daughter that her fish was likely dead, both were in for quite a shock when they returned home to a well-fed fish! Crews are also working to...

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  • Rupee recovers 35 paise after breaching 70/$-mark; falls 10% in 2018
Rupee recovers 35 paise after breaching 70/$-mark; falls 10% in 2018

As The Wire reported yesterday , the rupee has been under pressure since the beginning of 2018, as rising global oil prices pointed towards a few warning signs in India's macroeconomic situation. It was seen defending rupee at all levels, said a senior treasury official of a public sector bank, while predicting that the rupee may fall to 70 leve...

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  • S&P 500, Dow slip as Turkey's currency woes spread
S&P 500, Dow slip as Turkey's currency woes spread

The Turkish currency's plunge began in May but has been in free fall since last Friday when it fell by some 16 per cent - it briefly lost 20 per cent that day to a record low after US President Donald Trump doubled tariffs on Turkish metal following Turkey's refusal to release an American pastor detained there for almost two years.

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  • Flight instructors puzzled how man got stolen plane off the ground
Flight instructors puzzled how man got stolen plane off the ground

The family of a man who authorities say stole an airplane from Seattle-Tacoma International Airport and later crashed it called him a faithful husband, loving son and good friend. Aviation professor Jeff Price of Metropolitan State University in Denver said he expects a renewed focus on insider threats and warned that there is a real possibilit...

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