• Germany, Qatar vow support for Turkey amid United States pressure
Germany, Qatar vow support for Turkey amid United States pressure

He suggested Turks would buy local or Korean-made Samsung phones instead, although it was unclear how he meant to enforce the boycott. Turkey's President Recep Tayyip Erdogan gestures prior to delivering a speech in Ankara, Turkey , Tuesday, Aug.

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  • Government attributes rupee fall to external factors, says nothing to worry
Government attributes rupee fall to external factors, says nothing to worry

Kapil Sibal, former HRD minister, "congratulated" the prime minister for doing what the Congress could not for 60 years with regard to the rupee value. Attributing the fall in rupee value against the U.S. dollar to "external factors", economic affairs secretary Subhash Chandra Garg said on Tuesday that there is nothing to worry about as long as the...

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  • Tesla CEO Musk says Saudi fund wants to take company private
Tesla CEO Musk says Saudi fund wants to take company private

Musk published a blog post confirming a report that Saudi Arabia's Public Interest Fund would be the previously unknown party bankrolling the move to re-privatize the company - and revealing that his tweet last week claiming "funding secured" was merely an assumption on his part.

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  • China Places Tariffs On Recyclables, Dealing Another Blow To Oregon
China Places Tariffs On Recyclables, Dealing Another Blow To Oregon

This list included various pharmaceutical products but the possibility of a potential trade war in pharmaceutical appears unlikely for now. Tuesday's announcement was not a surprise. FILE PHOTO: Chinese and U.S. flags are set up for a meeting during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beiji...

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  • Trump doubles steel and aluminium tariffs on Turkey as lira nosedives
Trump doubles steel and aluminium tariffs on Turkey as lira nosedives

Turkey is also ready to establish a similar system - to not use dollar in trade - with European countries, Erdogan noted. At one point during the day, it had fallen more than 20 percent. A delegation of Turkish officials held discussions with their counterparts in Washington this week but there was no sign of a breakthrough. In Rize, Erdog...

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  • US finalizes next China tariff list targeting $16 bln in imports
US finalizes next China tariff list targeting $16 bln in imports

The decision follows Washington's announcement Tuesday that it will implement levies on $16 billion of Chinese products starting from the same date. Even as a trade war brews between the two nations ( see the full timeline ), exports from China to the USA rose by double digits in July, the Associated Press reported .

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  • Tesla board mulls de-listing plan
Tesla board mulls de-listing plan

Musk later clarified in a blog post that "a final decision has not yet been made", while touting the benefits of running a private company away from the "enormous pressure" of Wall Street's quarterly earnings cycle. Taking Tesla private would also free Musk from his tumultuous relationship with Wall Street as a whole, which had been consumin...

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  • U.S. tariffs on China: Trump administration adds $16 billion
U.S. tariffs on China: Trump administration adds $16 billion

Washington has long criticised China's trade surplus with the United States and has demanded Beijing cut it. At that time, Beijing threatened a 25 percent tariff on USA crude imports, although it did not issue a specific date for the move.

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  • Facebook denies seeking users' bank data
Facebook denies seeking users' bank data

According to Gebhart, more user information centralized on one single platform also makes information more "vulnerable to unauthorized sharing or leaking " and can make "users easier to manipulate". The primary concern among many banks and individual customers with regards to Facebook's latest attempts at expansion is data privacy . "The privacy a...

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  • Cleaning crews discover dead fetus in plane at LGA
Cleaning crews discover dead fetus in plane at LGA

It was the Airbus A321's only flight of the day. An autopsy is being performed on the fetus to determine cause of death. LGA tweeted about a delay due to the incident. While Port Authority Police have major crimes detectives, a spokesman said "the DA also has investigators that step in in cases like this one". The cleaning crew immediately co...

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  • Musk tweets he may take Tesla private and shares roar
Musk tweets he may take Tesla private and shares roar

Tesla shares were last up 7.4 per cent at US$367.25. Tesla also made the news just before this tweet, when the Financial Times reported that Saudi Arabia's Public Investment Fund had amassed a previously unreported stake of "between 3 and 5 percent" of Tesla's shares.

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  • Trump could raise tariffs on $200 billion in Chinese goods
Trump could raise tariffs on $200 billion in Chinese goods

US President Donald Trump is now considering a 25 percent tariff on $200 billion in Chinese imports, rather than the 10 percent previously touted, reports said Tuesday. Other US goods targeted by China also included semiconductors, some helicopters, small-to-mid-sized aircraft, condoms, beef, steel products and coffee.

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  • Apple becomes world's 1st publicly traded trillion-dollar company
Apple becomes world's 1st publicly traded trillion-dollar company

The tech company's stock jumped more than 3.3 per cent to as high as $208.38, bringing its gain to about 9 per cent since Tuesday when it reported quarterly results that beat expectations and said it bought back $20-billion of its own shares.

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  • Sales tax on school, emergency supplies to take holiday August 3-5
Sales tax on school, emergency supplies to take holiday August 3-5

In April, Gov. Scott Walker used a partial veto to extend the period to five days. "If a pair of jeans is sold for $100 during the sales tax holiday , the entire $100 is taxable", according to the DOR website. Qualifying Energy Star or WaterSense products (must be purchased for noncommercial or personal use): $2,500 or less per item. Back in...

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  • Apple’s Market Cap Hits $1 Trillion
Apple’s Market Cap Hits $1 Trillion

Apple's stock rose 5.89 percent to a record-high close of $201.50 on Wednesday following the company's better-than-expected quarterly results. Although many have doubted Apple's staying power over the years, unlike many hardware makers the company has ridden the elegance and functionality of its devices.

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  • Facebook's US$119 billion one-day loss makes USA history
Facebook's US$119 billion one-day loss makes USA history

That "bombshell", as one analyst termed it, played into concerns on Wall Street that Facebook's model could be under threat after a year dominated by efforts to head off concerns over privacy and its role in global news flow. The new $10 million bump works out to an extra $27,000 a day Facebook is spending on protecting its chief. A Facebook ...

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  • Trump buys off soybean farmers (we’ve got the transcript!)
Trump buys off soybean farmers (we’ve got the transcript!)

Oxford Economics has calculated that a full-blown US-China trade war would shave 1 per cent off the US economy and wipe out 700,000 jobs in the United States by 2020. The United States earlier this month imposed 25% tariffs on $34 billion worth of Chinese products, drawing a tit-for-tat response from Beijing, which targeted politically sensit...

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  • NZ farmers dismayed at U.S. farm bailout as trade war deepens
NZ farmers dismayed at U.S. farm bailout as trade war deepens

Before departing for Kansas City, Trump tweeted that any US trade partner needs to either negotiate a "fair deal, or it gets hit with Tariffs". "If we could have no tariffs and no barriers and no subsidies, the United States would be extremely pleased", Trump said.

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  • China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry
China Welcomes the Improvement in Russia-US Relations, States Foreign Ministry

The USTR's 205-page list of proposed tariffs published July 10, seen here, includes almost all categories of seafood produced or processed in China as well as many textiles, fruit, minerals, mechanical and industrial goods. firms to hand over technology in return for market access . He broke that down to "two or three separate trade wars" an...

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  • United Kingdom inflation steady at 2.4% in June | 18 July 2018
United Kingdom inflation steady at 2.4% in June | 18 July 2018

The data from the Office for National Statistics showed that clothing and footwear prices fell by 2.1 percent between May and June, the biggest decline for the month since 2012. She added: "Lower inflation might make it easier for the MPC to raise rates as it will relieve the pressure on consumers' incomes". But some relief emerged for consumer...

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