Finance

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

Elon Musk Won't Back Down On Cave Diver 'Pedo' Remark

Mr Musk has been embroiled in another Twitter-related controversy over recent weeks after tweeting that he was considering taking his auto firm private, adding that he had secured the funds required. ...

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United States 'strangling' Iran with sanctions, top UN court told

United States 'strangling' Iran with sanctions, top UN court told

The sanctions target financial transactions and imports of raw materials, cars and aircraft among other things. Under the deal, Iran reined in its nuclear programme under United Nations monitori...

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Putin deplores US sanctions, but lauds Trump meeting

Putin deplores US sanctions, but lauds Trump meeting

Rostec claims its Avtomatika unit, which specializes in encryption and secure communications, supplies the White House with technology that allows Trump and Putin to communicate privately. "We have a ...

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PepsiCo to buy SodaStream for US$3.2b to cut bottle use

PepsiCo to buy SodaStream for US$3.2b to cut bottle use

PepsiCo president Ramon Laguarta, who will succeed Ms Nooyi on 3 October, said in a statement that Sodastream was "highly complementary and incremental" to Pepsi's business. In the latest second qua...

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Elon Musk Just Revealed His Biggest Problem Without Even Mentioning It

Elon Musk Just Revealed His Biggest Problem Without Even Mentioning It

The billionaire electric vehicle maker, rocket launcher, tunnel digger and insulter of rescue divers sat down for an emotional interview with The New York Times , laying out recent trials and tribula...

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Turkish court rejects release appeal of American Pastor

Turkish court rejects release appeal of American Pastor

Turkey's trade minister, Ruhsar Pekcan, said her government would respond to any new trade duties. This move subsequently triggered the Turkish lira to lose about 20 percent of its value in a...

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Turkish lira resumes fall after Trump sanctions threat

Turkish lira resumes fall after Trump sanctions threat

On Friday, Turkey's battered lira weakened 3 percent after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump , who said the Unit...

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China sending trade envoy to Washington for talks

China sending trade envoy to Washington for talks

The Trump administration in January announced it was imposing "Safeguard tariffs " over four years, with a 30 percent tariff in the first year reduced gradually to 15 percent in year four. China has ...

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Turkish lira firms despite USA warning of more sanctions

Turkish lira firms despite USA warning of more sanctions

Trump tweeted on August 10 that he has authorized a doubling of tariffs on Turkish steel and aluminum imports as their currency Lira slides rapidly downward against the USA dollar. In remarks at T...

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Turkish finance chief tries to reassure investors on crisis

Turkish finance chief tries to reassure investors on crisis

Last Friday, US President Donald Trump said he had authorized higher tariffs on aluminium and steel imports from Turkey. They shared a list of 30 Turkish brands, including Turkish Airlines, urgi...

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China, U.S. to hold lower-level trade talks in late August

China, U.S. to hold lower-level trade talks in late August

A statement from the ministry said commerce vice-minister Wang Shouwen would lead the delegation that will meet US Treasury undersecretary David Malpass to discuss "economic and trade issues between ...

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Crude: Turkey, Iran & shale

Crude: Turkey, Iran & shale

West Texas Intermediate crude for September delivery rose as much as 32 cents to $67.95/bbl on the New York Mercantile Exchange and traded at $67.69 at 9:35 a.m.in Singapore. "The high crude prices ap...

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Boy among 26 dead as bridge collapses in Genoa

Boy among 26 dead as bridge collapses in Genoa

An 80-metre section of the bridge, including one set of the supports that tower above it, crashed down in the rain onto the roof of a factory and other buildings. The government will also look into st...

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Turkish lira dip spells trouble for Asian markets

Turkish lira dip spells trouble for Asian markets

For one more time, Erdogan called on Turks to convert US dollars into lira in order to "maintain the dignity" of the currency . "If they have the iPhone, there is Samsung elsewhere". Turkey's a...

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Largest fire in California's history continues to spread north

Largest fire in California's history continues to spread north

Wildfires are raging through California, destroying everything in their wake. Crews have been able to cut containment lines around 68 percent of the northern California fire, Cal Fire said. Clark was ...

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Tesla's board might not know where Elon's 'secure' funding is coming from

Tesla's board might not know where Elon's 'secure' funding is coming from

Musk's August 7 tweets helped push Tesla's stock price more than 13 percent above the prior day's close. Short-sellers are one of the reasons he wants to take the company private - to protect Tes...

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Erdogan says Turkey to 'boycott' USA electronic goods

Erdogan says Turkey to 'boycott' USA electronic goods

Trump authorized an increase in tariffs on Turkish aluminum and steel products on August 10, while the USA also imposed sanctions on Turkish justice and interior ministers for their alleged role in th...

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Tesla seeks wide investor pool to back its take-private plan

Tesla seeks wide investor pool to back its take-private plan

Musk said he had a July 31 meeting with representatives of the Saudi Arabia sovereign fund and left it "with no question " that a deal could be closed. The post fleshed out the Silicon Valley bi...

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'suicidal' Man Steals And Crashes Empty Plane

'suicidal' Man Steals And Crashes Empty Plane

Seattle-based The Air Current .com Editor-in-Chief Jon Ostrower said that "being able to power on and do a rudimentary preflight and engine start on a commercial airliner is not only the purview of t...

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China set to respond to new round of USA tariffs

China set to respond to new round of USA tariffs

More tariffs are planned, including duties of 25pc on an additional $16bn of Chinese goods that the USA will impose in a fortnight. China buys nearly $18 billion a year worth of goods from Washin...

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Tesla call options jump on Musk tweet, short-sellers hurt

Tesla call options jump on Musk tweet, short-sellers hurt

Tesla shares were halted from trading at $367.25 United States dollars per share shortly after 2:00 pm for more than an hour after Musk's tweets . Musk has a long history of bristling at the amou...

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Historic Economy Perfect Time ‘to Straighten Out Worst Trade Deals Ever Made'

Historic Economy Perfect Time ‘to Straighten Out Worst Trade Deals Ever Made'

But Shi said the retaliatory trade measures were not over yet. Plants are opening all over the U.S., Steelworkers are working again, and big dollars are flowing into our Treasury. Trump apparently b...

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Economy adds 157,000 jobs in July

Economy adds 157,000 jobs in July

The unemployment rate ticked down to 3.9 percent from 4 percent . The new figures show the labor market was not largely affected by the current trade war. Manufacturing continued the strong growth ...

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Iran Receives More European Airplanes Ahead of U.S. Sanction Renewal

Iran Receives More European Airplanes Ahead of U.S. Sanction Renewal

The three European signatories to the nuclear deal, the United Kingdom, France and Germany agreed with China and Russian Federation last month to continue to support Iran through the reimposition ...

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India raises key interest rate for second time to stave off inflation

India raises key interest rate for second time to stave off inflation

Mortgage lender Housing Development Finance Corporation (HDFC), meanwhile, hiked home loan rates by 20 basis points. At lunchtime today, United Kingdom time, the Bank of England looks set to rai...

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