Economy

Turkish lira tumbles to 5.86 over threat of more USA sanctions

President Donald Trump and Secretary of State Mike Pompeo have repeatedly called for his release, while Erdogan has said the US should respect Turkey's judicia...


Turkish lira tumbles 7 percent to dollar on sanction worries

Last month, at Brunson's third court hearing in almost two years, USA officials thought they had brokered a deal to free him by pressuring Israel to release a T...


Trade Dispute Between US and Turkey Escalates

In a sign the conflict is far from over, White House spokeswoman Sarah Sanders said USA tariffs announced last week will stay in place regardless of whether...


Qatar promises $15 bn investment in Turkey: presidency

Turkey's national currency, the lira, has tumbled by almost 40% against the USA dollar so far this year. "We expect that Turkey will have to introduce deep fi...


Turkey's lira crisis puts European economies at risk, says expert

Brunson, who has been living in Turkey for more than two decades, was accused of helping supporters of Fethullah Gulen, the USA -based cleric who Turkish auth...


Tesla's board seeking more info on Musk's financing plan

Tesla's board has not received a detailed financing plan from Chairma/CEO Musk, and is seeking more information , Reuters reported last Thursday. "Short s...


Draper identifies Utah firefighter killed battling huge blaze in California

So far, the Holy Fire has scorched more than 22,700 acres in the Cleveland National Forest. Cal Fire confirmed on their Twitter Page on Monday that the Men...


Tesla forms panel to gauge taking company private

Tesla said in a filing with the US Securities and Exchange Commission (SEC) on Monday that it had created a committee of three board members to evaluate an ex...


Mechanic takes passenger plane for a 'joyride' before crashing it into island

Authorities initially said the man was a mechanic but Alaska Airlines later said he was an employee who helps direct aircraft to gates and de-ice planes. Terry ...


Turkey says Trump tariff move will harm ties, vows retaliation

Turkey's lira plunged as much as 14 percent on Friday as worries about President Tayyip Erdogan's influence over monetary policy and worsening U.S. relations ...


Turkey shaken by financial fears, Trump rattles it further

The sudden drop came when Donald Trump announced on Twitter he was doubling U.S. import tariffs on Turkish steel and aluminium. Turkey's iron, steel and a...


Elon Musk Explains Why He's Thinking of Making Tesla Private

Tesla shares fell as much as 3.4 per cent to US$366.52 before the start of regular trading, though they pared declines after the board statement . Mr Musk ha...


Elon Musk tweets about taking Tesla private, shares soar

Musk triggered a spike in Tesla's share price shortly before 1 p.m. with a tweet : "Am considering taking Tesla private at $420". Many major Wall Street bank...


Iran refuses talks with United States under coercion

Iran's parliament has called on Rouhani to answer questions about why more has not been done to buffer Iranians from the full force of U.S. sanctions, since h...


Apple hits $1,000,000,000,000

Apple's fast-growing services business, as well as strong hints that a new iPhone launch is in the cards for the coming months, appears to have bolstered inv...


Financial fruit: Apple becomes 1st trillion-dollar company

The share price jumped by more than 8 percent this week after Apple reported impressive quarterly earnings on Tuesday, driven largely by strong sales for hi...


Harley goes adventure-touring | Meet the Pan America 1250

The company's growth plan through 2022 includes attracting those who have never owned a motorcycle , developing smaller urban dealerships and "unlocking new ma...


NY regulators revoke Charter merger, tell them to leave

Experts have reported that Charter Communications is going to be putting an appeal to the order made by the state of NY, though it likely will not be flipped ov...


Trump hails USA economic growth spurt, promises more ahead

Few economists outside the administration agree with this claim . The Bureau of Economic Analysis announced Friday that the nation's gross domestic product...


Mark Zuckerberg just lost almost $16 billion in one day

Last quarter, Facebook also was undermined by the reaction to its involvement with Cambridge Analytica , the third-party developer accused of mishandling dat...