Money

Trump doubles tariffs on Turkish steel and aluminum, says relations 'not good'

It did not disclose details, but suggests Turkey might gravitate further away from its North Atlantic Treaty Organisation allies towards co-operation with Russian Federation, whose relations with the West are at their lowest since the Cold War. [Full Article...]

Economic turmoil hits Turkey, US bank stocks react

Economic turmoil hits Turkey, US bank stocks react The lira slid to a fresh record low against the USA dollar. The unorthodox approach of the president, who has dominated Turkish politics for more than 15 years, has unnerved investors who have voiced concerns over Turkey's authoritarian trajectory under Erdogan. [Full Article...]

US imposes sanctions on Russian Federation for nerve agent attack in UK

US imposes sanctions on Russian Federation for nerve agent attack in UK His administration has sanctioned a number of Russian officials and oligarchs for human rights abuses and election meddling. The first, which targets United States exports of sensitive national-security related goods, comes with deep exemptions and numerous items it covers have already been banned by previous restrictions. [Full Article...]

Abbas condemns Canada interference in internal affairs of Saudi Arabia

Abbas condemns Canada interference in internal affairs of Saudi Arabia The leading Saudi women's rights campaigner Manal al-Sharif thanked Canada for "speaking up" and asked when other Western powers would do the same . Another activist, Badawi's brother Raif, has been incarcerated since 2012. A Saudi Arabia threat on Monday to carry out a 9/11-style attack on Canada has provoked a huge backlash. Canada has said it's alarmed by the move out of Saudi Arabia, but ... [Full Article...]

NYC votes to stop Uber's unchecked growth, give drivers a minimum wage

NYC votes to stop Uber's unchecked growth, give drivers a minimum wage Why it matters: This makes NY the first major American city to set a cap on ride-hailing vehicles or to set pay rules for gig drivers. "It would also allow the Commission address incomes for app-based drivers, 85 percent of whom now make below minimum wage". [Full Article...]

Trump going ahead with tariffs on $16B in Chinese imports

Trump going ahead with tariffs on $16B in Chinese imports All China's main state newspapers published a lengthy commentary by the official Xinhua news agency, entitled "declaration", on their front pages. June 15: Trump rolls out thefinal list of goods subject to new tariffs. This round of tariffs is open to public comment until September 6th. It would take a few more weeks to revise the list and make programming changes at U.S. [Full Article...]

U.S. SEC examining Musk's tweets on taking Tesla private

U.S. SEC examining Musk's tweets on taking Tesla private Tesla's stock backtracked by more than 2 per cent to close at US$370.34. As a public company , we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. "It's very clear that he doesn't like to deal with being a CEO of a public company, " said Gene Munster, a former stock market analyst who is now managing partne... [Full Article...]

India's Ola to launch in Britain as Uber rivalry heats up

India's Ola to launch in Britain as Uber rivalry heats up The company said it was working with regulators to launch nationwide by the end of the year, but is yet to submit an application for a London licence. For example, all Ola drivers will have to pass checks by the Disclosure and Barring Service, and its app will hold a number of features for customer safety like emergency contact details. [Full Article...]

US crude exports to India surge as China intake fades

US crude exports to India surge as China intake fades U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Monday amid reports of a drop in Saudi crude production in July and speculation that American shale drilling may be plateauing. would withdraw from the deal, which offered sanctions relief in exchange for restraints on Tehran's nuclear weapons program. Many energy analysts believe ne... [Full Article...]

Barack Obama’s birthday marks 1st official Barack Obama Day

Barack Obama’s birthday marks 1st official Barack Obama Day As noted by the sfgate.com , during his time in office, he signed many landmark bills into law, including the Affordable Care Act . Michelle isn't the only one commemorating the former president's birthday today! John Legend who is in Indonesia with Chrissy Teigen had a dedicated post for the retired president. [Full Article...]

Dead fetus found on plane at LaGuardia Airport, reports say

Dead fetus found on plane at LaGuardia Airport, reports say A dead fetus was found in a bathroom toilet of a commercial plane at LaGuardia Airport on Tuesday morning, police sources told The Post. In a statement to Radar, the Office of the Chief Medical Examiner in NYC said they are "investigating" the discovery. [Full Article...]

Elon Musk Considering Taking Tesla Private, Has Already Secured Funding

Elon Musk Considering Taking Tesla Private, Has Already Secured Funding On April Fool's Day, Mr Musk, who owns nearly 20% of the company, joked on Twitter about Tesla going bankrupt . First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. [Full Article...]

Doug Ford announces $1 beer by Labour Day weekend

Doug Ford announces $1 beer by Labour Day weekend Brewers are not required to charge less, but Ford says that there will be various incentives for those that do charge less. Barley Days Brewery , where Ford made his announcement, has said they will be releasing a specialty beer for $1. Once upon a time you could buy a beer for $1 a bottle. "After spending weeks ripping up contracts and curriculums, dismantling climate plans and pilot project... [Full Article...]

Elon Musk considers a private Tesla in tweet, shares jump

Musk has had feuds with regulators, critics and reporters, and questions remain about Tesla's production and manufacturing difficulties, long-term demand for its cars and uncertainty over funding. In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. The company's shares were up more than 5 percent at more than $360. [Full Article...]

Looking for a dream job? Nutella maker is looking for taste testers

Looking for a dream job? Nutella maker is looking for taste testers Nutella has such worldwide demand that mini-riots broke out in France in January when discounted containers of the rich spread went on sale. Per the Local , Ferrero is hiring dozens of "non-professional" testers to help them test ingredients at their Italy headquarters in Alba, Piedmont. [Full Article...]

Facebook asks US banks for financial info to boost user engagement

Facebook asks US banks for financial info to boost user engagement Facebook is asking major USA banks for financial data in order to provide more online shopping services and to track consumer spending habits, The Wall Street Journal reported. ( JPM ), Wells Fargo & Co. However, the banks seem to be approaching any partnerships very carefully after the recent Cambridge Analytica privacy scandal , and one large bank has reportedly already quit talks with Faceb... [Full Article...]

NASCAR Chairman Brian France Arrested For DUI, Drug Possession

NASCAR Chairman Brian France Arrested For DUI, Drug Possession Sunday, held overnight and arraigned Monday morning at the Sag Harbor Village Justice Court, where he was released on his own recognizance. Officers said a traffic stop followed and they discovered France was intoxicated. Additionally, police say, France was also allegedly found to be in possession of oxycodone pills. Tests showed France's blood-alcohol content was 0.18, police said. [Full Article...]

PepsiCo CEO Indra Nooyi to step down after 12 years at helm

PepsiCo CEO Indra Nooyi to step down after 12 years at helm Laguarta was also elected to the board. Under Nooyi's 12-year tenure as CEO , she has boosted sales of the Mountain Dew and Gatorade maker to $63.5 billion, up 80 percent from when she started. "Guided by our philosophy of Performance with goal - delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we ser... [Full Article...]

Small plane crashes in Southern California parking lot; 5 killed, authorities say

Small plane crashes in Southern California parking lot; 5 killed, authorities say There was no fire and nobody on the ground was hurt, he said. Footage from the scene shows the wreckage of a twin-engine Cessna. Ella Pham, 20, and her boyfriend were walking in the vehicle park on Sunday when they saw the crash, she told the Los Angeles Times . [Full Article...]

State media says China's response to latest USA tariffs restrained, rational

The conflict is expected to be high on the gathering's agenda, with the U.S. and China already imposing 25 per cent tariffs on US$34 billion of each other's goods and duties on another US$16 billion in Chinese products in the pipeline. FILE PHOTO: Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transpo... [Full Article...]


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