Business

Erdogan says US 'wrong' to threaten Turkey after Trump doubles tariffs

The announcement accelerated the sell-off of Turkey's lira currency, already battered by worries about President Tayyip Erdogan's influence over the central b...


Turkey's Erdogan repeats call to Turks to help shore up lira

At the same time , the USA froze the sale of 100 F-35s to Turkey, despite their co-operation for their manufacturing and production since 2008. Mr Erdogan ...


Unveiling of provincial buck a beer scheme expected today

Even a brand like Laker, which once prided itself on its $1-a-bottle price point, is retailing at $1.95 for a 473 ml can. Several small brewers, among the provi...


Elon Musk tweets about going private and shares 'skyrocket'

Taking Tesla private would be an extreme albeit effective way of muting Tesla's bears, according to Michael O'Rourke, chief market strategist at JonesTrading. ...


China plans tariffs after latest United States trade threat

Those tariffs have not taken effect, and a final decision on their size and scope is not expected until next month. The decision was made in response to a US ...


Oil falls 2% on rising supply, concern about trade tensions

Iranian officials have warned the country would not easily yield to a renewed USA campaign to strangle Iran's vital oil exports. Brent crude futures LCOc1 w...


Apple becomes first United States company worth $1 trillion

Chinese oil company PetroChina reached a $1 trillion valuation in 2007 before seeing its value drop to around $260 billion during the global financial crisis ...


Europe's All-time Heat Record Could Fall this Weekend

Portugal and Spain are facing a major heatwave with the mercury expected to soar before peaking at 47C in some areas this weekend. In Scandinavia, tempera...


China Warns Of Retaliation If US Takes More Trade Steps

A spokeswoman for the U.S. Trade Representative's Office declined to comment on the proposed tariff rate increase or on whether any changes would alter the dead...


White House says Trump's resolve is firm on China trade

Top White House economic adviser Larry Kudlow on Friday ridiculed China's threat of US$ 60 billion of retaliatory tariffs as "weak" and said the world's se...


Turkey tells United States to reverse its 'wrong decision' over sanctions

The case is now at the centre of a bitter row between North Atlantic Treaty Organisation allies Ankara and Washington after the United States on Wednesday impo...


RBI rate hike worries real estate sector

The reverse repo rate was also raised by 25 basis points, to 6.25 percent. The following hike by the RBI comes after it had raised the repo rate for the fir...


Apple becomes world's 1st publicly traded trillion-dollar company

Apple on Wednesday stated in a regulatory filing that as of July 20, 2018, the company had 4,829,926,000 shares, said Howard Silverblatt, a senior index analys...


US Treasury sanctions 2 Turkish officials

The United States sanctioned Turkey's Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu on Wednesday over the country's imprisonment of Pasto...


EU Insists Agriculture Not a Part of Trade Truce with Trump

A recent CNN poll had a similar finding: 50 percent of US adults disapproved of the president's handling of foreign trade, while only 39 percent approved. a...


Expensive iPhones boost revenue, but Mac sales tank

Apple is forecasting a revenue guidance of between $60 and $62 billion in the fourth quarter, which is slightly above analyst estimates of $59.57 billion in th...


Facebook's day of reckoning: Blip or sign of broader turn?

The lawsuit is designed for class-action status and seeks unspecified damages. Shareholders often sue companies in the U.S. after unexpected stock price decli...


McDonald's Mints MacCoin to Mark Big Mac's 50th Anniversary

Buy the sandwich and get a MacCoin to get another at some point (that is, assuming you're not a collector; McDonald's will rollout five designs of the coin, o...


Did We Just Dodge a Trade War With Europe? - Hit & Run

Trump added they would try to "resolve" steel and aluminum tariffs he imposed earlier this year and retaliatory duties the European Union levied in response. ...


Amazon profit rises but sales growth could slow

In the period, that segment's sales rose 44%, to $US32.17 billion, boosted in part by the addition of Whole Foods, which Amazon didn't own in the second quart...