• Funerals held for victims of Genoa bridge collapse
Funerals held for victims of Genoa bridge collapse

A few hours earlier, the bodies of an Italian couple and their 9-year-old daughter were found in their smashed auto under a big block of concrete, part of tons of material that crashed 150 feet to the ground and nearby areas when the heavily trafficked major highway span gave way .

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  • End of quarterly reports?
End of quarterly reports?

Publicly traded companies in the United States, as well as Canada, now file their earnings reports every three months, or four times per year. "I'd like to see twice but we're going to see", Trump said. The report compares company earnings with that of the previous year. But some argue the quarterly requirement puts unnecessary pressure o...

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  • Google employees protest over secret China search engine project
Google employees protest over secret China search engine project

The outcry from employees related to reports that Google has plans to launch a censored search engine in China that will blacklist access to certain websites and restrict search terms related to human rights, democracy, religion, and peaceful protest, according to leaked documents.

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  • SEC subpoenas Tesla about CEO's buyout plans
SEC subpoenas Tesla about CEO's buyout plans

Musk also tweeted on Monday he was working with Goldman Sachs and private equity firm Silver Lake as financial advisers. On Monday, lawyers told Reuters Musk's statement indicated he had good reason to believe he had funding but seemed to have overstated its status by saying it was secured.

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  • Tesla Just Lost $8 Billion In Shareholder Value This Past Week
Tesla Just Lost $8 Billion In Shareholder Value This Past Week

Musk repeatedly teared up during the Times interview, telling the newspaper that he nearly missed his brother's wedding as he worked 120-hour weeks and referring to an "excruciating" period of trying to meet the company's vehicle production goals.

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  • Turkish lira resumes fall after Trump sanctions threat
Turkish lira resumes fall after Trump sanctions threat

Brunson's lawyer Ismail Cem Halavurt told CBS News on Friday that they may file another appeal with the court as, "depending on the developments, we can apply again". The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a wor...

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  • Turkey to Retaliate if US Slaps on More Sanctions: Turkish Minister
Turkey to Retaliate if US Slaps on More Sanctions: Turkish Minister

Tit-for-tat tariffs by the USA and China on another $16 billion of each other's goods are due to kick in next week, and President Donald Trump has threatened to go after even more Chinese imports in the future. Ankara also wanted Washington to hand over Turkish cleric Fethullah Gulen, who lives in Pennsylvania and who Turkey suspects of plo...

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  • Turkey has more to ‘lose’ in Apple boycott
Turkey has more to ‘lose’ in Apple boycott

On Monday the lira hit a record low of 7.2, dragging down other emerging markets currencies. Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges.

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  • Turkish president says the country will boycott U.S. electronics
Turkish president says the country will boycott U.S. electronics

Last week, Trump tweeted that his administration was doubling aluminum and steel tariffs for Turkey, and in response Ankara sharply hiked tariffs on some USA products. The currency has rebounded strongly after hitting a record low of 7.24 at the start of the week, bolstered by central bank measures to support it and Qatar's pledge to in...

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  • China says US solar tariffs violate trade rules, lodges WTO complaint
China says US solar tariffs violate trade rules, lodges WTO complaint

Washington announced in January that it was imposing what it called safeguard tariffs over four years - with a 30 per cent tariff in the first year reduced gradually to 15 per cent in year four. allies. The Trump administration previously defended the tariffs on solar cells and modules as being in line with WTO rules. "Other Countries should not ...

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  • Turkey Counterpunches By Raising Tariffs On U.S. Goods
Turkey Counterpunches By Raising Tariffs On U.S. Goods

A Trump tweet on Friday announcing a doubling of aluminium and steel tariffs for Turkey triggered the rout in the currency markets. The currency strengthened some 2 percent against the dollar, trading at around 5.85 per dollar, hours before Treasury and Finance Minister Berat Albayrak was scheduled to update worldwide investors about the econ...

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  • White House says Turkish sanctions 'regrettable'
White House says Turkish sanctions 'regrettable'

The dispute between Turkey and the U.S. was sparked by a row over the detention of American pastor Andrew Brunson , who was jailed almost two years ago in the crackdown that followed a failed military coup. Turkey's finance minister has reassured thousands of foreign investors that Ankara will manage to contain the currency crisis triggered by a...

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  • China, US To Hold Lower-Level Trade Talks In Late August
China, US To Hold Lower-Level Trade Talks In Late August

Those tariffs will be the latest action in an ongoing tit-for-tat exchange of duties between the two countries, prompting concerns of an escalating trade war between the world's two largest economies. But the discussions failed to reduce tensions as the United States slapped tariffs on $34 billion worth of Chinese goods in early July, triggering ...

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  • Qatar Rescues Turkey With $15 Billion
Qatar Rescues Turkey With $15 Billion

Erdogan thanked the emir and the people of Qatar for "standing by Turkey", the official Anadolu news agency reported . Hasan Koni, who teaches global relations at Istanbul Kultur University, thinks breaking ties with the United States and North Atlantic Treaty Organisation would place Turkey under Moscow's sway.

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  • China crackdown exposes Tencent's gaming addiction
China crackdown exposes Tencent's gaming addiction

The article, which was titled, "Why Facebook and Google's China Dream Will Cost More than It Pays", warned that tech companies would be directly controlled by the Chinese government, and added that most American and European technology companies have already been replicated in China.

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  • Qatar pledges to invest $15 billion into Turkey
Qatar pledges to invest $15 billion into Turkey

A decree signed by Erdogan doubled Turkish tariffs on passenger cars to 120 percent, on alcoholic drinks to 140 percent and on leaf tobacco to 60 percent. "We will boycott the electronics products of the U.S". Qatar's ambassador, Saleem Mubarak al-Shafi, also revealed that Qataris had bought millions of dollars worth of liras to back the ...

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  • Turkey hikes tariffs on imports of several U.S. products
Turkey hikes tariffs on imports of several U.S. products

Washington´s move came during an ongoing dispute over Turkey´s holding of an American pastor for two years. "They are squeezing lira liquidity out of the system now and pushing interest rates higher", said Cristian Maggio, head of emerging markets strategy at TD Securities.

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  • Retail inflation slows to 9-month low at 4.17%
Retail inflation slows to 9-month low at 4.17%

The Office for National Statistics said the retail prices index (RPI), which includes some housing costs, rose at 3.2%, lower that the 3.4% seen in June, but still well above CPI. "This is likely to weigh down consumer spending, posing fresh problems for embattled high street businesses", Parikh said. "Despite the truckers' strike, food inflation e...

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  • Turkish court rejects USA pastor Andrew Brunson's appeal
Turkish court rejects USA pastor Andrew Brunson's appeal

The Lira has lost more than 40 percent against the dollar this year, driven by worries over Erdogan's growing influence over the economy. Turkey's weakened currency, the lira, plunged by more than 20% in response to those USA sanctions .

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  • Turkey escalates United States feud by increasing tariffs on products
Turkey escalates United States feud by increasing tariffs on products

Tariffs were also increased on cosmetics, rice and coal. Turkey has sharply raised tariffs on U.S. imports, including passenger cars, alcohol and tobacco. Some analysts have predicted economic turmoil in Turkey for many months as inflation soared and the lira fell. "Is something like this acceptable?" he asked, seemingly in reference to USA ...

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  • Tackling US sanctions: Iran offers discounted oil to Asia
Tackling US sanctions: Iran offers discounted oil to Asia

Crude futures ended slightly lower Monday despite a fall-off in Saudi Arabian production and tighter fundamentals. "With these risks from sanctions, from the escalating trade war with China and even from smaller local things like with Turkey, it all feeds into a risk to the demand picture further out", he added.

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  • NBC Blames Trump For Straining Relationship With Turkey Over American Pastor
NBC Blames Trump For Straining Relationship With Turkey Over American Pastor

The lira's plunge - which had been ongoing for weeks - was turned into a rout on Friday when US President Donald Trump tweeted that Washington was doubling aluminium and steel tariffs for Turkey . The current crisis was sparked by Ankara's refusal to release pastor Andrew Brunson, who is now under house detention on terror-related charges...

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  • Tesla Hit With Third Class-Action Suit Over Musk's Stock Tweets
Tesla Hit With Third Class-Action Suit Over Musk's Stock Tweets

The billionaire says the Saudis have been pushing him to take Tesla private for nearly two years, promising to back him up should he make this decision. Musk added that most capital for the deal would come from equity and it would not be "wise" to burden the company with added debt. He clarified on Monday that he meant he'd expected the finding f...

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  • U.S. pastor in Turkey appeals for release, end to travel ban -lawyer
U.S. pastor in Turkey appeals for release, end to travel ban -lawyer

There is no economic reason for this. The Trump administration introduced the economic sanctions as the result of an American Christian pastor who is now standing trial on alleged terrorism charges. What are Turkish officials doing about the lira? However, BlueBay Asset Management strategist Timothy Ash said the plans should have been ready ea...

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  • Rupee fall continues, hits record low of 70 against USA dollar
Rupee fall continues, hits record low of 70 against USA dollar

Lira is the national currency of Turkey, and a crisis has spooked investors, economists and policy makers, leaving them on a shaky ground. In early Asian trade, the Turkish unit was at 6.91 to the dollar and 7.89 to the euro, well off the 7.24 to the dollar and 8.12 to the euro seen yesterday but still uncomfortably high.

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