Business

Oil prices dip as demand outlook dims; Iran sanctions provide some support

Despite the cautious mood in oil markets, bullish sentiment found some support from expectations that US sanctions against Tehran would restrict Iranian crude...


Erdogan says Turkey to 'boycott' USA electronic goods

The tension between the two states stemmed out of a recent skirmish over a U.S. pastor Andrew Craig Brunson who was sentenced to nearly two years in prison on t...


United Kingdom wages ease slightly in June, jobless rate drop to 4%

The BoE raised interest rates on August 2 for only the second time since the financial crisis. The Office for National Statistics (ONS) showed on Tuesday, t...


Erdogan calls on Turkey to 'boycott' iPhones and other U.S. electronic goods

The lira pulled back on Tuesday from a record low hit a day earlier, helped by the central bank's new liquidity measures and news of a planned conference call i...


Tesla forms panel to gauge taking company private

He has given more details - including saying he is working with Goldman Sachs and buyout firm Silver Lake - but is yet to convince Wall Street analysts and ...


Stocks drop on Monday as Turkey lira crisis continues

On Friday the relentless slide turned into a crash: the lira dropped as much as 18 per cent, hitting USA and European stocks as investors took fright over banks...


Stocks close lower amid Turkish currency crisis

The Turkish lira dropped as much as 11% against the dollar in morning trading in Asia. President Erdogan , meanwhile, dismissed the suggestion that Turk...


Mendocino Complex Aug. 13: Ranch Fire continues to grow towards Pillsbury

The MAFFS system can literally be rolled onto a number of different aircraft, including the legendary C-130 Hercules, allowing for integral air support in the...


Indian rupee drops to 19.05 vs dirham for the first time

The intervention aided the rupee stabilise just a tad below 70 to a United States dollars at 69.98 around 11.05 a.m. A weak trend in Asia coupled with sell-of...


Erdogan vows action against 'economic terrorists' over lira plunge

The already embattled Turkish lira tumbled some 16 percent against the dollar on Friday as US President Donald Trump said he had doubled steel and alumi...


Turkey’s Financial Collapse Surprised Some, but We’ve Seen This Before

Turkey's currency crisis sent world markets reeling as investors in emerging markets sought safety in government bonds and the dollar . "They tell us to rel...


Erdogan says crash of lira 'political plot' against Turkey

Levin argued that despite the official emphasis on the crisis with the U.S. "it has been clear for some time to anyone following Turkey that the government's ...


Hear audio from before plane crash

While the crash only killed Russell, the brazen stealing of a commercial airline from a major USA airport has exposed a gap in airline security . Jeremy Kael...


Hundreds injured after pier collapse during Spanish pop festival

The stage was right on the seafront of the north-west city of Vigo , Galicia , and was crowded with people watching a rap artist at the O Marisquiño event. ...


Federal Bureau of Investigation recovers flight data recorder from stolen plane at Seattle Airport

Russell's role at Alaska Airlines affiliate Horizon, where he had worked since 2015, involved towing aircraft, loading and unloading cargo and luggage, and clea...


New Plan to Rescue Turkey's Deteriorating Economy

Now, the lira has plumbed new depth, after US President Donald Trump confirmed on Friday that he had approved the doubling of tariffs on Turkish steel and...


Pakistan expresses solidarity with Turkey over currency crisis

Against the United States dollar, the Bitcoin price has performed worse than that of the lira since 2017, as it recorded a drop of over 70 percent within a pe...


Tesla’s Model 3 production head has returned to Apple

The hire was earlier reported by website Daring Fireball . Capturing a tweet by Elon Musk three years ago in reply to a German newspaper where he is quoted...


Saudi Arabia eyes enlarged stake in Musk’s private Tesla

The potential transaction's staggering $82 billion price tag (including debt) means the Saudi fund wouldn't be able to help take the company private on its own....


Turkey pledges action plan to tackle lira crisis

The lira is down almost 40 percent this year, pressured by Erdogan's calls for lower interest rates despite the country's high inflation as well as his contin...


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