Business


US tariffs to stay on Turkey, Qatar offers Ankara aid
- August 16, 2018

The news comes in a statement released on Turkey's President's website following his meeting with Qatar's Emir Tamim bin Hamad Al Thani. On Wednesday, Turkey doubled tariffs on some imports from the United States - such as passenger cars, alcohol and tobacco - in what it said was retaliation for "deliberate attacks" on its economy. (more...)
Corona owner pumps $4 billion more into weed producer Canopy Corona owner pumps $4 billion more into weed producer Canopy
- August 16, 2018

Constellation Brands Inc ., marketer of Corona beer and Kim Crawford wines, is pumping $5-billion into Canopy Growth Corp.to accelerate the Canadian cannabis company's global expansion plans. This transaction also provides further (and needed) affirmation that big alcohol and multi-national CPG's are committed to the cannabis sector for the long term. (more...)
Germany, Qatar vow support for Turkey amid U.S. pressure Germany, Qatar vow support for Turkey amid U.S. pressure
- August 15, 2018

Meanwhile, Turkey has also decided reject a US appeal calling for the release of an imprisoned American pastor. The standoff between the two North Atlantic Treaty Organisation allies has escalated quickly since Trump slapped sanctions on the interior and justice ministers on 1 August, following that move with tariffs on Turkish steel and aluminum imports last week. (more...)
Train season tickets to rise by up to £100 Train season tickets to rise by up to £100
- August 15, 2018

The Department of Transport uses the July Retail Prices Index (RPI) measure of inflation to set the cap on the annual rise in regulated train fares. The rail fare increase now means that a season ticket from London to Birmingham will be nearly £3,000 more expensive than in 2010. (more...)
Turkey doubles tariffs on some United States imports over economy 'attacks' Turkey doubles tariffs on some United States imports over economy 'attacks'
- August 15, 2018

Tariffs were also boosted for cosmetics, rice and coal. The tariffs on auto imports are now up to 120 percent, depending on the type of vehicle. For one more time, Erdogan called on Turks to convert US dollars into lira in order to "maintain the dignity" of the currency . (more...)
Turkey hits back at U.S. with tariff hikes on key products
- August 15, 2018

On Friday, Turkey's Foreign Ministry said Turkey would retaliate against the raising of steel and aluminum tariffs by the US administration. Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, Aug. Turkey doubled tariffs on some imports from the United States - such as passenger cars, alcohol and tobacco - in what it said was retaliation for "deliberate attacks" on its economy. (more...)
Tencent posts a surprise profit drop as regulators hobble games Tencent posts a surprise profit drop as regulators hobble games
- August 15, 2018

But its massive smartphone and Web population also makes it the world's largest gaming market with an estimated US$37.9 billion in revenue, according to research by Newzoo. They stood at HK$336.6 at 3:45 p.m. local time in Hong Kong. The company owns Riot Games, producers of League of Legends , a popular game in America and around the world. (more...)
White House: Sorry Not Sorry For Fake Job Numbers
- August 15, 2018

Sanders did not provide any specifics on the timeframe during which 195,000 jobs were added for African-Americans under Obama. According to official statistics, black employment in the United States increased by almost 3 million jobs from January 2009 through January 2017. (more...)
Home Depot roars back in the second quarter Home Depot roars back in the second quarter
- August 15, 2018

Home equity values have increased over 120 percent since 2011 in the United States, about $73,000 per owner in terms of equity, he said . "Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations", CEO Craig Menear said in a statement. (more...)
Jury Finds Monsanto Failed to Warn Consumers of Cancer Risk Jury Finds Monsanto Failed to Warn Consumers of Cancer Risk
- August 15, 2018

Johnson and his family", Partridge said. In France, a leading anti-Monsanto campaigner told AFP that the California ruling would strengthen the resolve of those doing battle with the agrochemicals giant across the world. Johnson said he hoped his verdict would bolster the other cases. Once, when a hose broke, the weed killer soaked his entire body. During trial, Johnson told the court he took every precaution to protect himself, even calling the company after he began to develop rashes ... (more...)
Turkey doubles tariffs on some U.S. imports over economy "attacks"
- August 15, 2018

Recep Tayyip Erdogan holds a citizen by the hand while speaking on his iPhone in 2015. "The import duties were increased on some products, under the principle of reciprocity, in response to the US administration's deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter. (more...)
Turkey to boycott U.S. electronics, including iPhone Turkey to boycott U.S. electronics, including iPhone
- August 15, 2018

Mr Brunson was released from prison and placed under house arrest last month after serving 21 months in pre-trial detention in a Turkish prison on charges related to the 2016 attempted coup in Turkey. The lira has lost about a fifth of its value against the greenback since Friday . The Turkish lira had seen a significant drop over the past weekend and Turkeys central bank has said its ready to take all necessary measures to ensure financial stability after the collapse. (more...)
No major vote problems in Wisconsin for primary No major vote problems in Wisconsin for primary
- August 15, 2018

Christine Hallquist made history as the first transgender candidate for a state's governorship after winning the Democratic primary in Vermont on Tuesday. In all, four states including Vermont and CT will host elections on Tuesday as the 2018 primary season nears its final chapter. If she wins in November, she would go on to be the nation's first transgender governor. (more...)
Turkish lira edges up from record low Turkish lira edges up from record low
- August 15, 2018

Administration sources says further sanctions against Turkey are under active consideration. Turkey accuses Brunson of espionage and is holding him under house arrest pending his trial. Relations between the two North Atlantic Treaty Organisation allies have plummeted in one of their worst crises in decades after the detention of U.S. (more...)
Retail inflation cools to 4.17% in July; pulses, vegetable prices eases Retail inflation cools to 4.17% in July; pulses, vegetable prices eases
- August 15, 2018

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. Experts believe that even amid a 10 per cent monsoon deficit, kharif (mainly paddy) sowing has picked up, narrowing the gap to just 1.5 per cent relative to the area covered a year ago. (more...)
Omarosa says Trump is trying to silence her Omarosa says Trump is trying to silence her
- August 15, 2018

President Donald Trump's campaign is filing an arbitration action against former aide Omarosa Manigault Newman alleging breach of a secrecy agreement. The President also has been accused of calling some women "fat pigs" and " dogs ", though Trump has defended his treatment of women and denied multiple sexual misconduct claims against him. (more...)
Turkish president says country will boycott iPhones Turkish president says country will boycott iPhones
- August 14, 2018

The lira was around 6.55 per dollar Tuesday, up 6 percent from the previous day, when the central bank freed up cash for banks. The dispute with the USA has exacerbated Turkey's economic troubles. "We will boycott USA electronic goods". "We will support him until the end". Businessmen holding USA dollars stand in front of a currency exchange office in response to the call of Turkish President Tayyip Erdogan on Turks to sell their dollar and euro savings to support the lira, in Ankara, ... (more...)
Asian stock markets recover from the escalating financial crisis in Turkey Asian stock markets recover from the escalating financial crisis in Turkey
- August 14, 2018

The currency has lost more than 45 percent of its value this year over worries about Erdogan's influence over the economy, his repeated calls for lower interest rates in the face of high inflation and worsening ties with the United States. (more...)
Trump administration pressure on Tehran forces Iran to start selling discounted oil Trump administration pressure on Tehran forces Iran to start selling discounted oil
- August 14, 2018

The price was up nearly 1.4 percent at about $73.61 at 1205 GMT and US light crude was up 90 cents at $68.10. Hedge funds and other money managers reduced their bullish positions in U.S. oil output from seven major shale basins is expected to rise 93,000 bpd in September to 7.52 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly report on Monday. (more...)
Bayer shares plunge on Monsanto ruling
- August 14, 2018

Groundskeeper Dewayne Johnson, diagnosed in 2014 with non-Hodgkin's lymphoma - a cancer that affects white blood cells - says he repeatedly used a professional form of Roundup while working at a school in Benicia, California. 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. (more...)
Tesla directors: 'No formal proposal' to take company private Tesla directors: 'No formal proposal' to take company private
- August 14, 2018

Musk said on Monday he was in talks with a Saudi sovereign fund for taking the electric auto maker private. Shares in Tesla, which are still well below highs hit when Musk initially raised the prospect of the transaction last week, inched up 0.7 percent in trading before the bell. (more...)
United Kingdom unemployment falls to 43-year low but pay growth slows
- August 14, 2018

Meanwhile, there were 2.28million European Union citizens working in the United Kingdom in the quarter to June - 86,000 fewer than a year earlier and the largest annual decrease since records began in 1997. It also said the number of people aged from 16 to 64 years who were not working, or looking for work, or available to work - what is known as "economically inactive" - increased by 77,000 from the first quarter of the year. (more...)
India denies China printing currency claim amid social media row India denies China printing currency claim amid social media row
- August 14, 2018

Currently China is the only country that has the capacity to perform Intaglio, or "raised" printing simultaneously on both sides of a banknote, according to South China Morning Post . Liu Guisheng, Chairman of China Banknote Printing and Minting Corporation, wrote in an article in May in China Finance, a bi-monthly journal run by China's central bank, that China obtained the first worldwide commercial order for printing money from Nepal in 2015. (more...)
'Manic Monday': Turkey's collapse sinks emerging markets 'Manic Monday': Turkey's collapse sinks emerging markets
- August 14, 2018

The sanctions caused market turmoil, which the central bank attempted - but failed - to soothe with a series of market-boosting measures. "If they have iPhone, the other side has Samsung". What is happening to the lira? The Turkish lira has lost around 40 percent of its value against the dollar this year, but the financial crisis reached meltdown on Friday after the U.S. (more...)
Why has Turkey's currency fallen so sharply?
- August 14, 2018

In an interview with Hurriyet newspaper published online, Albayrak described the lira's weakness as "an attack", echoing President Tayyip Erdogan - who is his father-in-law - but he said Turkey's action plan was ready. Turkey's currency fell to a new record low today. Erdogan appeared unworried by the punitive measures imposed by the U.S., saying Turkey could turn to other partners and again terming the crisis an "economic war". (more...)

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