• Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released
Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

Turkey has responded by declaring that it will raise tariffs on a number of us imports, including cars, tobacco and spirits. "This is regrettable and a step in the wrong direction". But they were told that the extradition would require at least a couple of months, leaving them without any demands that could be fulfilled, the source said.

Read more

  • Google workers protest censored China search
Google workers protest censored China search

So Google's interest in returning to China - which it pulled out of in 2010 amid concerns over censorship - comes as no surprise. Meanwhile, putting to rest the rumours of Google rolling out a customised version of its popular search engine service in China, CEO Sundar Pichai clarified that the company is not close to launching a search product...

Read more

  • Qatar to make direct investment of $15B in Turkey
Qatar to make direct investment of $15B in Turkey

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. Turkey's exports to the United States, its fifth-largest export market, were US$8.7 billion. Andrew Brunson , an evangelical pastor from Black Mountain, N.C., shown in Izmir, Turkey, on July ...

Read more

  • China Files WTO Complaint over US Solar Tariffs
China Files WTO Complaint over US Solar Tariffs

In part to press Ankara to release U.S. Evangelical pastor Andrew Brundson, Trump raised tariffs on Turkish steel to 50 percent, and aluminum duties to 20 percent. If it fails, the case will go to a panel of experts to decide whether the trade controls are illegal. On June 22, the European Union levied duties of 25 percent on 2.8 billion euros (3...

Read more

  • Italian motorway operators’ shares plummet after deadly bridge collapse
Italian motorway operators’ shares plummet after deadly bridge collapse

So far, 39 people are known to have died and 15 injured in the disaster, which saw a section of a motorway bridge collapse on August 14. Its design is now being investigated as a possible contributor to its stunning collapse. The tender provided for a strengthening of the bridge's pier cables, including those of pier nine, the one that collapsed ...

Read more

  • Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms
Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms

Some online shops are already planning their discovery by April 1, 2019. The private retail model will require new legislation, creating uncertainty around the structure and timing of the rollout, said GMP Securities analyst Martin Landry.

Read more

  • EV company Nio seeks cash injection from stock market flotation
EV company Nio seeks cash injection from stock market flotation

While Tesla chief Elon Musk is in talks with Saudi Arabia's sovereign wealth fund and other investors to take his company private, NIO filed papers at the US Securities and Exchange Commission on Monday to go public. "(China's) new energy auto industry is just starting, it's a marathon process". In late June, the company started a business ...

Read more

  • White House says Turkish sanctions 'regrettable'
White House says Turkish sanctions 'regrettable'

A decree signed by President Tayyip Erdogan, doubled Turkish tariffs on passenger cars to 120 per cent, on alcoholic drinks to 140 per cent and on leaf tobacco to 60 per cent. But the White House does not plan to lift the metals tariffs, which Sanders said were a national security issue. It was boosted after the Turkish banking regulator cut the ...

Read more

  • Turkey's Erdogan Threatens Boycott of US Goods
Turkey's Erdogan Threatens Boycott of US Goods

In a joint statement issued Tuesday, the industrialists' group TUSIAD and the Union of Chambers and Commodity Exchanges called on the government to allow the central bank to raise interest rates to help overcome the currency crisis . Turkish Foreign Minister Mevlut Cavusoglu struck a somewhat conciliatory note, saying Turkey was ready to discuss...

Read more

  • Turkey invites USA to panel in WTO
Turkey invites USA to panel in WTO

The tit-for-tat tariffs came amid Turkey's rejection of a USA demand that it release American pastor Andrew Brunson , detained on espionage and terrorism-related charges. Turkey has no plans to seek financial assistance from the International Monetary Fund (IMF), and instead will focus on attracting foreign direct investment, the minister said, ad...

Read more

  • Chinese firm to print Indian currency? Finance ministry refutes claim
Chinese firm to print Indian currency? Finance ministry refutes claim

The President or the China Banknote Printing and Minting Cooperation, Liu Guisheng was quoted saying that the Chinese government has contracts for printing foreign currencies. The report says, "most of the demand comes from participants in the Belt and Road Initiative ", although India has never been and never wants to be part of China's Belt ...

Read more

  • United Kingdom dole queues at 40 year low as Scots tally also dips
United Kingdom dole queues at 40 year low as Scots tally also dips

Upward pressure on settlements is expected to come from the public sector, where millions of workers will this year benefit from the easing of a cap on pay increases in place since 2010. Matthew Percival , CBI head of employment, said: "Continuing job creation shows that flexibility in the labour market is a key strength of the United Kingdom econo...

Read more

  • Lavrov: Syria has the right to attack terrorists
Lavrov: Syria has the right to attack terrorists

For decades, the world's de facto currency of record has been the United States dollar. Turkey and the USA 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 American pastor Andrew Brunson, who faces terrorism-related charges in ...

Read more

  • USA stocks open higher as Turkish lira rebounds
USA stocks open higher as Turkish lira rebounds

David Kohl, the chief currency strategist at Julius Baer said the Turkish president's comments in May, calling interest rates "evil", suggest there are "no intentions to win market confidence in order to stabilise the weakening currency ".

Read more

  • White House condemns Turkey's tariffs on US imports
White House condemns Turkey's tariffs on US imports

Emir Tamim bin Hamad Al Thani and Erdogan are expected to discuss "means of strengthening the existing strategic cooperation between the two countries in various fields", the state news agency QNA reported . Erdogan has blamed the USA for the fall of the lira, but refused to budge on Trump's demand for Brunson's release. Tensions between the U.S...

Read more

  • Ethereum (ETH) Price Hits Nine-Month Low, Plunges Below $300
Ethereum (ETH) Price Hits Nine-Month Low, Plunges Below $300

Its market capitalization stood at $29.3 billion. At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24.

Read more

  • Qatar pledges $15 billion to Turkey as lira rallies
Qatar pledges $15 billion to Turkey as lira rallies

President Donald Trump doubled tariffs on Turkish metals exports to the United States last week prompting Turkey , which says it will not bow to threats, to raise tariffs on US cars, alcohol and tobacco by the same amount on Wednesday. "Trade wars help no one, but Turkey will do what is necessary to protect our industries and economy from assa...

Read more

  • China to send negotiator to U.S. for trade talks this month
China to send negotiator to U.S. for trade talks this month

The last official round of talks was in early June when the U.S. commerce secretary, Wilbur Ross, met Liu He in Beijing. Beijing and Washington started a tit-for-tat trade war in July, each imposing 25 per cent tariffs on the other side's goods.

Read more

  • Turkish President calls for iPhone boycott
Turkish President calls for iPhone boycott

We are going to boycott USA electronics", Erdogan said at celebrations of the 17th anniversary of his Justice and Development Party. The trade fracas heated up as Turkish President Tayyip Erdogan doubled tariffs on some United States imports, and China lodged a complaint with the World Trade Organisation against American trade policies.

Read more

  • 39 dead in Italy bridge collapse; maintenance company blamed
39 dead in Italy bridge collapse; maintenance company blamed

Firefighters continued an around-the-clock search of the rubble in this northern Italian city Wednesday as questions were raised about what caused a bridge collapse that killed at least 39 people. But there had been warnings for years that the Morandi Bridge was an accident waiting to happen. One expert, Antonio Brencich at the University of Ge...

Read more