Economy

Musk's tweets put Tesla in the spotlight — Business Extra Podcast

Musk's tweets put Tesla in the spotlight — Business Extra Podcast

Regardless of whether Tesla does go private, it's unlikely to do so before its third-quarter earnings call in November when Musk may face more questions about the lawsuits, funding to go private, Te...

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Trump Directs SEC to Study Six-Month Reporting for Public Companies

Trump Directs SEC to Study Six-Month Reporting for Public Companies

One criticism is that if companies are striving to report profit gains every quarter, they are more likely to buy back shares and cut costs than invest in their businesses. Tesla CEO Elon Musk, for in...

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Italy buries bridge collapse dead amid outrage

Italy buries bridge collapse dead amid outrage

Genoa's chief prosecutor, Francesco Cozzi, said on Thursday that 10-20 people were still missing. So far, there has been no sign of life under the mountains of debris. Atlantia shares were up 6% on...

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Australia’s Unemployment hits 5.3% while jobs miss expectations

Australia’s Unemployment hits 5.3% while jobs miss expectations

Monthly hours worked in all jobs increased 4.0 million hours (0.2%) to 1,749.6 million hours. The good news is most of these were cancelled out by the addition of 19,000 full-time jobs.

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USA threatens new Turkey sanctions over Christian pastor

USA threatens new Turkey sanctions over Christian pastor

The latest USA announcement came after Turkish Finance Minister Berat Albayrak tried to soothe the markets during an unprecedented conference call with hundreds of foreign investors, insisting Tu...

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Turkish court rejects USA pastor's appeal for release: Haberturk

Turkish court rejects USA pastor's appeal for release: Haberturk

The lira, which earlier this week traded at well over seven to the dollar, held onto its gains during Albayrak's discussion, trading at 5.7 against the greenback. "Release Brunson", Mr Bolton told him...

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USA threatens more sanctions on Turkey over detained pastor

USA threatens more sanctions on Turkey over detained pastor

Still, many investors remain on edge about the situation in Turkey and other emerging markets amid a strengthening US dollar and rising interest rates. He also appeared to acknowledge that he was disa...

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China’s port of Dalian receives USA soybean vessel following imposition of tariffs

China’s port of Dalian receives USA soybean vessel following imposition of tariffs

The unloading follows the departure of Peak Pegasus from the same port on Thursday after discharging its cargo of 70,000 tonnes of US soybeans. China is the world's biggest importer of soybeans, whi...

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Trump asks SEC to study ending quarterly earnings for public companies

Abolishing the rule would "allow greater flexibility & save money" for businesses, Mr. Trump tweeted . Still, as an independent commission-led agency, the SEC can not be forced by the president to im...

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Google employees push back on censored China search engine

Google employees push back on censored China search engine

However, Pichai did hint at doing more in the country which is infamous for its restrictive internet policies. So Google's interest in returning to China - which it pulled out of in 2010 amid concerns...

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Amazon considering UK insurance comparison site

Amazon considering UK insurance comparison site

According to a new report from Reuters , Amazon is in discussions with several United Kingdom insurance companies to try and bring their services and business onto a new price comparison website. Mor...

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RBS comes bottom of bank league tables ZlotoNews

RBS comes bottom of bank league tables ZlotoNews

In first place was First Direct at 85% followed by the Metro Bank with 83% of customers recommending the bank. It also came out bottom for business banking. "This settlement holds RBS accountabl...

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'Most hard, painful year': Elon Musk in tears in new interview

'Most hard, painful year': Elon Musk in tears in new interview

It claims the board is aware that he uses "recreational drugs" and Musk himself admits to frequently relying on Ambien to sleep. He said Antonio Gracias, Tesla's lead independent director, did c...

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White House: 'We Won't Forget' How Turkey is Treating US Pastor

White House: 'We Won't Forget' How Turkey is Treating US Pastor

The currency has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inf...

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Italy's government attacks Benetton family over Genoa bridge collapse

Italy's government attacks Benetton family over Genoa bridge collapse

The highway bridge, in the northern port city, crashed to the ground without warning on Tuesday, with nearly 40 cars and trucks falling 45 metres with it. According to business daily Il Sole, improve...

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

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

In response to Trump's tariffs , Turkish officials said they will impose a 50 percent tax on US rice, 140 percent on spirits, 60 percent on tobacco and 120 percent on cars while increasing duties on ...

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Trump Says He Is in ‘No Rush’ to Renegotiate Nafta

Trump Says He Is in ‘No Rush’ to Renegotiate Nafta

He said there now were no trade talks with Canada. USA and Mexican negotiators have been working to reach a NAFTA cars deal that would allow Canada to rejoin talks and move toward resolving the to...

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Turkey increases tariffs on some United States imports, escalating feud

Turkey increases tariffs on some United States imports, escalating feud

The lira fell against the dollar after Mnuchin's announcement, a day after the Turkish currency had begun to return from record lows . Then last week, Trump increased them to 50 percent on Turkish ...

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China lodges WTO complaint over renewable energy tariffs

China lodges WTO complaint over renewable energy tariffs

Competition will be "internal, like it used to be in the old days when we actually had steel, and U.S. Steel was our greatest company", the U.S. president said. While some steelmakers have expanded US...

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Turkey hopes to find solution on Syria’s Idlib with Russia

Turkey hopes to find solution on Syria’s Idlib with Russia

Turkey has been hit by financial turmoil, with the lira plunging over deepening concerns about the government's economic policies and a diplomatic spat with the United States . Turkish officials sa...

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Turkish lira rebounds after Qatar pledges $15 billion

Turkish lira rebounds after Qatar pledges $15 billion

On Tuesday, Turkish President Recep Tayyip Erdogan called on Turks to " boycott " U.S. electronic goods, but United States officials seemed unconcerned. "It is not something that is in our hands",...

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‘Enough forex reserves to meet volatile rupee’

‘Enough forex reserves to meet volatile rupee’

Some currency experts are even predicting that the rupee would slide to 80 per dollar, or Rs21.8 per dirham in the coming months. Jaitley assured that the country's current exchange rate market is bei...

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Court rejects appeal for American pastor's release from detention, Turkish media says

His government is grappling with a currency crisis and a damaging dispute with the United States that late on Wednesday appeared further than ever from being resolved. Qatar said it would provide "a h...

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Erdogan says Turkey will boycott U.S. electronic goods

Erdogan says Turkey will boycott U.S. electronic goods

Fears Turkey's currency crisis would affect other emerging markets, amid trade tensions with the U.S. has spooked financial markets. On the other hand, Asian stocks retreated to a one-year low as ...

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Warnings over Genoa bridge collapse made since 2012

Warnings over Genoa bridge collapse made since 2012

Italy's deputy premier, Luigi Di Maio, blamed the bridge collapse on a lack of maintenance by the private company that operates numerous nation's toll highways. We will look at all these details and...

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Germany, Qatar vow support for Turkey amid U.S. pressure

Turkey doubled tariffs on some US imports including cars, alcohol and tobacco on Wednesday in retaliation for USA moves, but the lira rallied a further six per cent after a fresh move by banking aut...

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Corona’s Brewer Just Bet $4 Billion on Canadian Pot

Corona’s Brewer Just Bet $4 Billion on Canadian Pot

Constellation, among whose brands are Corona and Ballast Point beers and Robert Mondavi wine, will own 38 per cent of Canopy, up from about 10 per cent, according to a statement Wednesday. Canopy, bas...

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Qatar’s emir travels to crisis-hit Turkey in show of support

Qatar’s emir travels to crisis-hit Turkey in show of support

The new round of tariffs followed President Erdogan's call on Tuesday to boycott United States electronic products and earlier urging Turks to sell their dollars and euros to prop up the lira. The t...

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Turkey Doubles Tariffs on some US Imports, Turkish Lira Rallies

Turkey Doubles Tariffs on some US Imports, Turkish Lira Rallies

The currency drop is particularly painful for Turkey because it has accumulated a high debt in foreign currencies. The Turkish lira has dropped to record lows in recent weeks , having fallen some...

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Markets Right Now: US stocks move broadly higher

Markets Right Now: US stocks move broadly higher

The Turkish lira has nosedived in value in the past week over concerns about Erdogan's economic policies and after the United States slapped sanctions on Turkey angered by the continued detention ...

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Home Depot's second-quarter sales rebound, shares rise

Home Depot's second-quarter sales rebound, shares rise

The performance comes at a time when sales of new USA single-family homes fell to an eight-month low in June and data for the prior month was revised sharply lower, the latest indications that the hou...

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Monsanto Roundup lawsuit: Jury awards $289 million to cancer patient

Monsanto Roundup lawsuit: Jury awards $289 million to cancer patient

Australia's National Farmers' Federation has rejected the finding of a USA court that the weedkiller Roundup causes cancer, saying it set a "reckless precedent" that could harm agriculture. Once, when...

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Brexit Britain: Unemployment Lowest in 40 Years, Wages Up, EU Migrants Down

Between May and July 2018, there were 829,000 job vacancies in the country - more than 50,000 more than the previous year. The high number of vacancies suggests that the number of Brits in employmen...

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Turkey Doubles Tariffs On U.S. Imports Over 'Attacks' On Its Economy

The decision came a day after President Recep Tayyip Erdogan said Turkey would boycott U.S. electronic goods, singling out iPhones. The move comes amid increased tension between the two North Atlant...

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What's next for Turkey after lira slump?

What's next for Turkey after lira slump?

The fallout has been sparked by a number of issues - including Turkey's detention of American pastor Andrew Brunson - while Ankara has demanded the extradition of a Turkish cleric who is blamed by M...

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