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China to send delegation for U.S. talks to avert trade war

A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will hold talks with United States representatives led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce said in a statement on its we...

Turkey to emerge stronger from currency volatility: finance minster

The tit-for-tat tariffs were announced amid Turkey's rejection of a U.S. demand to release Brunson, the American pastor, who is sentenced to imprisonment in the country on espionage and terrorism-related charges for almost two years. The tariff i...

China stops approving new video, phone games

That disaster wound up costing Facebook $120 billion in market value in a single day - the biggest wipeout in United States stock-market history. Net income fell 2 percent to 17.9 billion yuan ($2.6 billion) in the three months ended June, the Sh...

Turkish lira stages rally after crackdown on short-selling

In retaliation, Erdogan sharply increased tariffs on certain American commodities - some of them more than double - and called on Turkish people to boycott US-made electronic goods, including Apple's iPhones . citizens and employees of diploma...

London house prices suffer largest drop in nine years

Prices of fresh fruit and vegetables rose 2.5% in July. Nigeria's inflation fell from 11.23 to 11.14% for the month of July, statistics released by the National Bureau of Statistics (NBS) on Wednesday showed. John Hawksworth, chief economist at PwC...

Turkish court rejects United States pastor Andrew Brunson's appeal

Sanders' statements are particularly significant because, with the crisis in relations between the two North Atlantic Treaty Organisation allies, the White House appears to have taken firm charge over USA dealings with Ankara . If Brunson is not r...

Turkish court rejects USA pastor’s appeal to be released

The lira TRYTOM=D3 has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing control over the economy and his repeated calls for lower interest rates despite high inflation. "They are killing offshore lir...

Turkey doubles tariffs on more USA imports as diplomatic row escalates

Census Bureau. The new import duties come a day after President Erdogan vowed to slap an embargo on American electronic goods. Following the latest announcement, Turkey's presidential spokesman Ibrahim Kalin has called on the U.S.to engage in dip...

Oil dips as Turkish tumult elevates global crude demand concerns

U.S. West Texas Intermediate ( WTI ) crude futures were down 5 cents at $67.58 per barrel. Benchmark Brent crude oil LCOc1 was down 15 cents at $72.66 a barrel by 1325 GMT. "The high crude prices appear to have been taking a toll on demand", said Suk...

Turkey will boycott USA electronic goods over sanctions, says Erdogan

Analysts said investors were now looking for safe havens in the form of the yen as well as the U.S. dollar . Vestel stock jumped over five percent on the news. The Turkish lira started slipping again after rebounding more than 8% overnight. Cavu...

Tesla looking to go private with backing of Saudi fund

Musk's decision to air his plan on Twitter". Musk said in a statement posted on the Tesla website on Monday that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) interest because of the important n...

U.S. pastor Brunson appeals for release in Turkey for 2nd time

The lira is down over 40 percent this year as investors question whether President Recep Tayyip Erdogan's government can cope with problems including a diplomatic spat with Washington that has resulted in higher US tariffs. "What do you want to d...

Rupee breaches the 70 mark: How it's bad, and how it's good

According to news agency PTI , the ongoing currency turmoil in Turkey has dampened investors' sentiments globally. The rupee had settled at 68.84 against the USA dollar last Friday. The Indian rupee, which has been facing headwinds caused by a ris...

Firefighter killed battling largest blaze in California history

California firefighters are making headway against more than a dozen blazes that continue to scorch massive swaths of the state, in large part because of cooling temperatures over the weekend and on Monday. "Now we can focus on the challenge of the R...

Turkey to boycott US-made electronic products: Erdogan

The dispute between the two North Atlantic Treaty Organisation allies - which reached new intensity over the detention of an American pastor in Turkey - has hammered the lira and also raised questions over the future partnership between Washing...

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again

Asian sharemarkets were a sea of red on Monday as the concerns that Turkey's currency rout will spread to other emerging markets sent investors fleeing from stockmarkets in the Asian region, which are broadly regarded as fitting into the emerging...

Elon Musk accused of making false statements to boost Tesla share price

Beyond amassing a stake of just below 5 percent in Tesla, the sovereign wealth fund has poured tens of billions of dollars into technology investments, including $45 billion in SoftBank Group Corp's ( 9984.T ) Vision Fund over five years. California-...

Saudi fund expressed support for taking Tesla private: Musk

Tesla and PIF did not comment on either story. Reuters reported on August 11 that the PIF has shown no interest so far in financing Musk's proposed deal, while CNBC said on August 9 that Musk previously talked with the Saudi fund about a take-...

Turkey woes see Wall Street end week on sour note

NEW YORK-U.S. stocks slid on Friday as economic dilemma in Turkey dragged on bank stocks and triggered fears that it could spread to other global economies. The Russell 2000 is up 155.38 points, or 10.1 per cent. Turkey's lira touched a record ...

Elon Musk and Tesla: Tweet, rattle and roll

Finally, as the most shorted stock in the history of the stock market , being public means that there are large numbers of people who have the incentive to attack the company. Tesla is still working its way out of what Mr Musk called "production h...

Even American Condoms Are Screwed In The Trump-China Trade War

Tuesday's announcement was not a surprise. The yuan has weakened nearly 5% so far this year and hit a 14-month low last week, primarily driven by new tariff threats from the U. While the trade standoff is intensifying, China's exports grew 12.2% year...

Crypto's $806 billion crash hits a new low

According to reports, $9 billion was wiped out of the market . The broad based market sell-off has been particularly telling, with the total cryptomarket cap sliding from $300bn levels to sub-$220bn levels before support kicked in, Bitcoin's ma...

Team: Jury Orders Monsanto To Pay $290M In Roundup Trial

Hopefully this thing will start to get the attention it needs. Dewayne Johnson had regularly used the weedkillers Roundup and Ranger Pro while working as a groundskeeper at a school in California. That was enough for the World Health Organization...

Ryanair braces for biggest ever one-day strike

The unprecedented simultaneous strike action is the latest headache in a turbulent summer for Europe's second-largest airline. The company says 85% of its scheduled flights will operate as normal on Saturday and the majority of customers affected h...

Turkey lira crashes as Trump piles on pressure

Trump said in an early morning post on Twitter . Import taxes for aluminum will be 20 percent. President Donald Trump announced Friday that he is doubling tariffs on steel and aluminum from Turkey amid heightened tensions between the two n...

Russia Says US Sanctions are Intended to 'Demonize' the Country

The Kremlin on Thursday vowed to retaliate against "unacceptable" new United States sanctions against Russia over its alleged role in a nerve agent attack on a former spy in Britain, which prompted the ruble and Russian stocks to tumble.

NY moves to cap Uber, app-ride vehicles

It makes NY the first major USA city to limit the number of app-based rides and to impose pay rules, with authorities under pressure to act over pollution and worsening congestion. The TLC, which regulates taxis and is a powerful force in NY politics...

China Tariffs on US Crude Not Game-Changing Event

China's exports soared in July, showing little impact from USA tariffs, as Washington finalises more duties on Chinese imports. While short-term effects might be mild, the impact of USA tariffs on China's trade may be gradually revealed as time p...

Snapchat drops daily users for first time after controversial redesign

Snap reported 188 million daily active users during the last quarter - falling short of Wall Street's expected 192 million and dropping from last quarter's 191 million. That's despite a drop in active users-a first for the company . Evan Spie...

Crude Oil Price Slumps on Small Decrease in Stockpiles

Energy Information Administration . Furthermore, oil prices were dragged down by the increasing output of the Organization of the Petroleum Exporting Countries ( OPEC ) and Russian Federation. "The U.S. -China trade war is set to worsen, and it...

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Breaking News

Team: Jury Orders Monsanto To Pay $290M In Roundup Trial

Hopefully this thing will start to get the attention it needs. Dewayne Johnson had regularly used the weedkillers Roundup and Ranger Pro while working as a groundskeeper at a s...

Ryanair braces for biggest ever one-day strike

The unprecedented simultaneous strike action is the latest headache in a turbulent summer for Europe's second-largest airline. The company says 85% of its scheduled flights will ...

Turkey lira crashes as Trump piles on pressure

Trump said in an early morning post on Twitter . Import taxes for aluminum will be 20 percent. President Donald Trump announced Friday that he is doubling tariffs on stee...

Russia Says US Sanctions are Intended to 'Demonize' the Country

The Kremlin on Thursday vowed to retaliate against "unacceptable" new United States sanctions against Russia over its alleged role in a nerve agent attack on a former spy in...

NY moves to cap Uber, app-ride vehicles

It makes NY the first major USA city to limit the number of app-based rides and to impose pay rules, with authorities under pressure to act over pollution and worsening congestio...

China Tariffs on US Crude Not Game-Changing Event

China's exports soared in July, showing little impact from USA tariffs, as Washington finalises more duties on Chinese imports. While short-term effects might be mild, the imp...

Snapchat drops daily users for first time after controversial redesign

Snap reported 188 million daily active users during the last quarter - falling short of Wall Street's expected 192 million and dropping from last quarter's 191 million. That's ...

Crude Oil Price Slumps on Small Decrease in Stockpiles

Energy Information Administration . Furthermore, oil prices were dragged down by the increasing output of the Organization of the Petroleum Exporting Countries ( OPEC ) and R...

Wall Street sees funding hurdle to Musk's plan to take Tesla private

Tesla is a legendary cash-burner, with roughly $10 billion in debts and $2 billion in reserves, and Musk would probably need in the tens of billions of dollars to buy out sharehold...

Premier Doug Ford announces buck-a-beer launching in Ontario this month

It's a campaign promise that Doug Ford says he's delivering on. "Instead we're going to do what we said we would do and put Ontario consumers first". The Ford Government is bring...

Special Reports

Trump, China trade war, tariffs

Trump, China trade war, tariffs

Pressure from the Trump administration is mounting on China after the United States and European Union agreed in late July not to impose new tariffs, and instead negotiate ...

Elon Musk explains why he's thinking about taking Tesla public

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

PepsiCo CEO Indra Nooyi steps down

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...