Economy

Trump Organization's Chief Financial Officer Granted Immunity

The judge declared a mistrial on the other 10 counts. Jerry Falwell Jr., the president of Liberty University and a Trump confidant, shrugged off the legal d...


Trump Organization executive Allen Weisselberg receives immunity deal

Separately, federal prosecutors in NY granted immunity to tabloid executive and longtime Trump friend David Pecker to discuss Cohen's case. The AP can n...


Powell says gradual hikes likely needed if economy stays strong

Kansas City Federal Reserve Bank President Esther George said she believes that two more rate increases this year "could be appropriate" in light of t...


Pope compares Church sexual abuse, corruption to excrement, victims say

The pope later held an hour and a half meeting with victims of abuse at the hands of clergy or in Church-run institutions, including Marie Collins, who was, at ...


US President Donald Trump says his impeachment would 'crash' the economy

The referral request was first reported by The New York Times . Recognition of this reality is why the Democratic Party is assuring America that impeachment is...


Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

The benchmark U.S. interest rate, which plays a large role in setting borrowing costs for mortgages, credit cards, small business and auto loans, was set at a r...


Trump Won’t Acknowledge the Independence of the Fed

The president spoke to Reuters in an exclusive interview, the newswire said . The dollar was under further pressure today after President Trump criticised ...


Rescuers deal with fire in Italian bridge rubble before day of mourning

Genoa's prefect's office said it didn't immediately have official confirmation of the reports by ANSA news agency and other Italian news media Saturday that th...


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...