US President Trump takes aim at Federal Reserve for rates hike

President Trump is preparing to slap import duties on a further $200 billion of Chinese goods, meaning that his sanctions would cover almost half of imports from the country. Powell is a gentleman and will likely hold his tongue, but don't dismiss a... More..

by | Published more than a month ago
US rejects Turkey's offer to release pastor
by | Wednesday, August 22, 2018

US rejects Turkey's offer to release pastor

The Turkish lira has already lost about 30 percent of its value against the U.S. dollar since the beginning of August, when tensions between the two North Atlantic Treaty Organisation allies soared unpreceden...More..

Cohen's attorney says he has information on Trump that would interest Mueller
by | Wednesday, August 22, 2018

Cohen's attorney says he has information on Trump that would interest Mueller

Cohen was behind a $130,000 payment to adult film star Stormy Daniels , and discussed with Trump a separate payment to former Playboy model Karen McDougal - who said she had an affair with Trump in 2006....More..

Iran oil minister: French oil giant Total pulls out if Iran
by | Wednesday, August 22, 2018

Iran oil minister: French oil giant Total pulls out if Iran

European states have been scrambling to ensure Iran gets enough economic benefits to persuade it to stay in the deal, which Trump said was "deeply flawed". Last year, Total became the first supermajor to have...More..

U.S. Government Bonds Fall as Investors Weigh Trump’s Fed Rate Comments
by | Wednesday, August 22, 2018

U.S. Government Bonds Fall as Investors Weigh Trump’s Fed Rate Comments

Trump, who spooked investors in July when he criticized the USA central bank's monetary policy tightening, told Reuters in an interview that he believed the Fed should be more accommodating. A Fed spokesperso...More..

United States to continue its 'steady cost-imposition' policy until Russian Federation changes course
by | Wednesday, August 22, 2018

United States to continue its 'steady cost-imposition' policy until Russian Federation changes course

British Foreign Secretary Jeremy Hunt told an audience in Washington it is essential for the U.S., Britain and the European Union to stand firm against Russian President Vladimir Putin's increasingly risky at...More..

Eye-opening study: Many people flush old contact lenses away
by | Tuesday, August 21, 2018

Eye-opening study: Many people flush old contact lenses away

Rolsky and his colleagues Rolf Halden and Varun Kelkar-all from the Biodesign Institute's Center for Environmental Health Engineering at ASU-were already studying plastic pollution , when Halden, a long-time c...More..

PepsiCo buys fizzy drink maker SodaStream for $3.2bn
by | Tuesday, August 21, 2018

PepsiCo buys fizzy drink maker SodaStream for $3.2bn

The deal will give the brand access to PepsiCo's distribution capabilities, global reach, R&D, design and marketing expertise with the aim of fuelling expansion and innovation. SodaStream shares jumped 9.4 p...More..

Shots are fired at U.S. embassy in Turkey amid escalating tensions
by | Monday, August 20, 2018

Shots are fired at U.S. embassy in Turkey amid escalating tensions

Earlier Sunday, The Wall Street Journal reported that the Trump administration rebuffed Turkey's offer to release pastor Andrew Brunson if the U.S. Erdogan's spokesman Ibrahim Kalin said the incident was be...More..

The face of White addiction: Elon Musk just cost Tesla $4.6B
by | Monday, August 20, 2018

The face of White addiction: Elon Musk just cost Tesla $4.6B

Investors also were anxious about reports that regulators were pressuring Tesla's directors for details about how much information he shared with them. A federal judge could ban Musk from working as an offi...More..

NVIDIA introduces world’s first ray tracing GPU at SIGGRAPH conference
by | Sunday, August 19, 2018

NVIDIA introduces world’s first ray tracing GPU at SIGGRAPH conference

Suddenly that $190 million loss looks rather positive. These types of processors excel at making multiple small calculations at the same time, the type of capability that's well-suited for the creation of ether...More..

It will be tough for Trump’s SEC to overhaul reporting rules
by | Sunday, August 19, 2018

It will be tough for Trump’s SEC to overhaul reporting rules

The SEC consists of five commissioners appointed by the president , although there now are only four in place, three named by Trump . The Commissioners' offices did not immediately respond to a request for ...More..

Google employees question company plans for Chinese search engine
by | Sunday, August 19, 2018

Google employees question company plans for Chinese search engine

It's worth noting that Google's top management hasn't yet spoken on the Dragonfly project. Sundar Pichai told a company-wide meeting that providing more services in the world's most populous country fits wi...More..

SEC scrutiny of Tesla grows as Goldman hints at advisor role
by | Saturday, August 18, 2018

SEC scrutiny of Tesla grows as Goldman hints at advisor role

The Saudi fund has acquired almost 5 percent of Tesla by accumulating shares on the open market. SEC spokeswoman Judith Burns and a Tesla spokesman declined to comment. Musk will also likely require clearance...More..

Grappling with tweet aftermath, Musk acknowledges exhaustion
by | Saturday, August 18, 2018

Grappling with tweet aftermath, Musk acknowledges exhaustion

Musk told the Times he stands by the tweet. Musk stated that he wanted to offer a roughly 20 percent premium over what the stock was trading at, which would have been roughly $419, so he rounded to $420. It...More..

Donald Trump Challenges Turkey: ‘We Are Not Going to Take It’
by | Saturday, August 18, 2018

Donald Trump Challenges Turkey: ‘We Are Not Going to Take It’

Mr Brunson denies any involvement. They came out. They want to hold our wonderful pastor. Last week the United States doubled tariffs on aluminium and steel imports from Turkey, during a dispute over Turkey's...More..

Turkish finance chief tries to reassure investors on crisis
by | Saturday, August 18, 2018

Turkish finance chief tries to reassure investors on crisis

The lira held steady during Albayrak's conference call but later weakened when Treasury Secretary Steven Mnuchin said the United States was prepared to levy more sanctions on Turkey if detained Americ...More..

by | Friday, August 17, 2018

Turkish firms cancel iPhone orders amid nationwide boycott on United States products

At 1612 GMT the currency TRYTOM=D3 stood at 6.0700 to the dollar, almost 5 percent weaker. Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United S...More..

Turkey's economy suffers amid USA sanctions and tariffs
by | Friday, August 17, 2018

Turkey's economy suffers amid USA sanctions and tariffs

Erdogan, a self-described "enemy of interest rates", wants to lower borrowing costs despite high inflation. It has so incensed Washington that the 2019 NDAA - a bill that sets out the U.S. Qatar said it would ...More..

Turkey, Russia agree on partial lifting of visas
by | Friday, August 17, 2018

Turkey, Russia agree on partial lifting of visas

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 Andre...More..

Reuters Poll: China unperturbed by trade war at the street level
by | Friday, August 17, 2018

Reuters Poll: China unperturbed by trade war at the street level

China's government says it has filed a challenge to a us tariff hike on solar panels in the World Trade Organization, adding to its sprawling trade dispute with President Donald Trump. On July 6, US tariffs on...More..

Turkish president says the country will boycott United States electronics
by | Friday, August 17, 2018

Turkish president says the country will boycott United States electronics

Turkish President Recep Tayyip Erdogan's move to double the tariffs on a range of American imports is "regrettable and a step in the wrong direction", a National Security Council spokesperson told The Epoch...More..

Erdogan says Turkey to boycott US electronic goods
by | Thursday, August 16, 2018

Erdogan says Turkey to boycott US electronic goods

It recovered by 5% to around 6.05 lira per dollar on Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign currency swap transactions. USA exports...More..

Turkey to boycott USA products including iPhone, says Erdogan
by | Thursday, August 16, 2018

Turkey to boycott USA products including iPhone, says Erdogan

A decree signed by Mr. Erdogan doubled Turkish tariffs on passenger cars to 120%, on alcoholic drinks to 140% and on leaf tobacco to 60%. Ankara said it will impose extra tariffs on imports of produ...More..

Bitcoin And Ether Show Lack Of Momentum As Crypto Market Drops
by | Thursday, August 16, 2018

Bitcoin And Ether Show Lack Of Momentum As Crypto Market Drops

A late Saturday reversal continued into the early hours of Sunday morning, with Bitcoin pulling back to a start of a day intraday low $6,162 before recovering to $6,300 levels, the day's low steering clear of...More..

Turkish lira rallies as Qatar makes $15 bil. loan pledge
by | Thursday, August 16, 2018

Turkish lira rallies as Qatar makes $15 bil. loan pledge

The Turkish government doubled its tariffs on imports of American cars and alcoholic beverages to 120 and 140 percent, respectively, CNN reported . "Qatar has pledged United States dollars 15 billion of dire...More..

China Is Sending a Trade Envoy to Washington Amid Tariff Dispute
by | Thursday, August 16, 2018

China Is Sending a Trade Envoy to Washington Amid Tariff Dispute

China's Commerce Ministry said Thursday that a vice minister will travel to the U.S.at an unspecified date, at the invitation of the Treasury Department, to discuss trade issues. Another $16 billion in levies w...More..

Canada's largest cannabis company pens historic $5 billion deal
by | Thursday, August 16, 2018

Canada's largest cannabis company pens historic $5 billion deal

Molson Coors said this month its Canadian arm would make cannabis-infused drinks with Hydropothecary Corp ( HEXO.TO ). "Through this investment, we are selecting Canopy Growth as our exclusive global cannab...More..

Qatar Rescues Turkey With $15 Billion
by | Thursday, August 16, 2018

Qatar Rescues Turkey With $15 Billion

Erdogan issued the call and announced a massive hike in tariffs on USA goods this week after the US raised tariffs on Turkish imports and aimed new sanctions at Turkish officials in the row over American Pastor...More..

Anger grows in Italy as Genoa bridge death toll reaches 39
by | Thursday, August 16, 2018

Anger grows in Italy as Genoa bridge death toll reaches 39

The death toll has risen to 42 after a horrifying bridge collapse in Genoa, Italy . Interior Minister Matteo Salvini said three children were among the dead. Davide Capello, 33, a former goalkeeper for Serie...More..

Retail inflation slows to 9-month low at 4.17%
by | Thursday, August 16, 2018

Retail inflation slows to 9-month low at 4.17%

The Consumer Price Index (CPI) rose to 2.5 percent in July from a previous 2.4 percent recorded in the three previous months, the Office for National Statistics (ONS) said. Government data released on Monday ...More..

by | Thursday, August 16, 2018

Turkish court rejects appeal to release USA pastor

In other words, the US has become the backbone of the new global order in which all global powers can unite against the United States' irrational and undiplomatic actions. "They are squeezing lira liquidity out...More..

Turkey doubles tariffs on some US imports; lira rallies
by | Wednesday, August 15, 2018

Turkey doubles tariffs on some US imports; lira rallies

Tariffs were also doubled on goods such as cosmetics, rice and coal. Turkey and the USA have been locked in a heated crisis emanating from unjust sanctions and the actions of Trump, as Washington levied sa...More..

by | Wednesday, August 15, 2018

Donald Trump calls former aide Omarosa Manigault a 'dog'

Mueller III's investigation. In his tweet , Trump praised chief of staff John Kelly for firing Manigault Newman a year ago. Newman, promoting her new tell-all, " Unhinged ", on multiple network and cable o...More..

Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol
by | Wednesday, August 15, 2018

Turkey releases Greek soldiers as it slaps 140% tariff on American alcohol

He suggested Turks would buy local or Korean-made Samsung phones instead, although it was unclear how he meant to enforce the boycott. Erdogan also has called on people to exchange their USA dollars for Tur...More..