• Trump's new tariffs on Turkey are actually benefiting Russian Federation
Trump's new tariffs on Turkey are actually benefiting Russian Federation

Trump tweeted that the latest tariff decision came as Turkey's currency , the lira , "slides rapidly downward against our very strong Dollar". The currency's drop - 41 percent so far this year - is a gauge of fear over a country coming to terms with years of high debt, global concern over Erdogan's push to amass power, and a souring in rel...

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  • USA to Increase Tariffs on Turkish Aluminum, Steel
USA to Increase Tariffs on Turkish Aluminum, Steel

The Turkish lira dropped as much as 18 per cent at one point after Mr Trump's announcement - the biggest one-day fall since a 2001 financial crisis in the country. The Turkish president took aim at the U.S. in his address, claiming "some countries have engaged in behaviour that protects coup plotters and knows no laws or justice".

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  • TROUBLE IN TURKEY: Currency PLUNGES 20% After Trump DOUBLES Metal Tariff
TROUBLE IN TURKEY: Currency PLUNGES 20% After Trump DOUBLES Metal Tariff

But analysts say that while there may be losses at banks, Turkey's economic problems do not pose a big threat to Europe or other big economies, like the United States. President Erdogan's famed reluctance to tolerate higher interest rates and the timidity of the CBRT in going against him has left bondholders with dwindling value due to persistent...

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  • United States to impose sanctions on Russian Federation over nerve attack in UK
United States to impose sanctions on Russian Federation over nerve attack in UK

On Wednesday, Russia's Kommersant daily published excerpts from another piece of draft U.S. legislation which proposes a ban on United States citizens purchasing Russian sovereign debt as well as steps against the country's biggest banks as well as its oil and gas sector, a key driver of the economy.

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  • China in fresh $16bn USA tariffs
China in fresh $16bn USA tariffs

The world's two biggest economies are locked in a trade dispute over Washington's charges that China uses predatory tactics in a drive to supplant US technological supremacy. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs. Beijing has called on United States officials to be "cool headed", but ...

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  • NYC moves to rein in Uber with cap on ride-hail vehicles
NYC moves to rein in Uber with cap on ride-hail vehicles

Uber said the Council's legislation would make rides more expensive and less reliable. The package of bills approved Wednesday by the New York City Council calls for, among other things, a one-year freeze on new for-hire vehicle licenses as the city explores ways of reducing traffic congestion.

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  • Tesla board evaluating Elon Musk's proposal to take company private
Tesla board evaluating Elon Musk's proposal to take company private

Tesla did not immediately return a request for comment. Tesla shares surged 11 percent Tuesday after a tweet from Musk's verified Twitter account that mentioned taking the company private at a $420 per share price. SoftBank is now not interested in a deal for Tesla after earlier this year taking a stake in General Motors Co's self-driving unit...

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  • Chinese state media compares Trump's trade policies to 'extortion'
Chinese state media compares Trump's trade policies to 'extortion'

The heightened tension comes amid a slowing of China's economy, declines in the currency and a bear market in stocks. The United States alleges that China steals usa corporate secrets and wants it to stop doing so, and is also seeking to get Beijing to abandon plans to boost its high-tech industries at America's expense.

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  • Michelle’s charming message to Barack Obama as he turns 57
Michelle’s charming message to Barack Obama as he turns 57

It is a commemorative holiday rather than a state holiday, meaning that schools and government workplaces will stay open. Musician John Legend sent well wishes from Indonesia. "It's incredibly proud for IL that the president came from IL". I'm confident that, together, they'll strengthen this country we love by restoring opportunity, repairing ...

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  • Dead baby found on plane at LaGuardia Airport
Dead baby found on plane at LaGuardia Airport

According to WNBC , cleaning crews made the grisly discovery early Tuesday morning during a routine cleaning. The airline warned customers to expect possible delays as it reshuffled its jets to accomodate the investigation. After arriving in NY late Monday, the plane had been parked in a hangar overnight, and the fetus went undiscovered. "Abso...

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  • Elon Musk Thinking About Taking Tesla Private at $420 a Share
Elon Musk Thinking About Taking Tesla Private at $420 a Share

The company had a market value of $58 billion as of Monday's close. Tesla shareholders would need to vote in favor of going private before the decision is finalized, Musk concluded. Tesla did not return repeated calls for comment from CNBC , nor did the Securities and Exchange Commission, as of this publishing. He says the move could be struc...

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  • Unveiling of provincial buck a beer scheme expected today
Unveiling of provincial buck a beer scheme expected today

Effective Aug. 27, Ontario's government will lower the minimum price floor to $1 for any beer with an alcohol volume below 5.6%. "Here we have a premier that's cutting income to the very poorest amongst us as a priority and at the same time subsidizing buck a beer", she said, referring to the Tories' plan to cancel a basic income pilot project.

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  • Elon Musk tweets about going private and shares 'skyrocket'
Elon Musk tweets about going private and shares 'skyrocket'

The company's shares rose more than 7% on the news, before Tesla trading was halted . He also tweeted that his "hope is all current investors remain with Tesla even if we're private". "Are we running low on money?" Despite the unconventional method of disclosing such information, analysts took Musk at his word. Representatives for the Saud...

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  • Pepsi's first female CEO is stepping down after 12 years
Pepsi's first female CEO is stepping down after 12 years

Nooyi has been with Pepsi for 24 years. She was named President and CEO in 2006. Nooyi was the first female CEO in the company's history. She grew up in Chennai, India. Even before she became CEO, she oversaw acquisitions such as the purchase of Quaker Oats in 2001, eventually leading to products such as Quaker Oats Upma, Nutri Idli, Nutri K...

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  • Facebook asks big banks to share customer details
Facebook asks big banks to share customer details

Apparently not satisfied with access to its users' call history , text messaging data, and online conversations, Facebook has reportedly asked major Wall Street firms like JPMorgan Chase and Wells Fargo to hand over their customers' sensitive financial data as part of the social media giant's ongoing attempt to become "a platform where pe...

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  • NASCAR CEO Brian France taking leave of absence following DUI arrest
NASCAR CEO Brian France taking leave of absence following DUI arrest

He was released from a local jail following his arraingment on Monday morning. France has taken an indefinite leave of absence in light of his arrest, NASCAR announced Monday. The organization said it takes France's arrest "as a serious matter and will issue a statement after we have all of the facts". The legal limit in NY is 0.08.

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  • Khabib vs McGregor set for October 6
Khabib vs McGregor set for October 6

The fight, announced at UFC's 25th anniversary press conference , will take place at UFC 229 and BT Sport is the only place to watch the Irishman's comeback in the United Kingdom and Ireland. McGregor and Nurmagomedov have a checkered history that culminated at the UFC 223 media day in NY when the Irishman infamously attacked a bus carryin...

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  • Crude Price Suffers Over US-China Trade War
Crude Price Suffers Over US-China Trade War

The West Texas Intermediate (WTI) for September 2018 shipment drops by Dollars 0.47 to a level of USD 68.49 per barrel at the New York Mercantile Exchange. SPA quoted Energy Minister Khalid al-Falih as saying: "The decision to resume shipping of oil through Bab al-Mandeb comes after all necessary procedures were taken by the coalition leadership to...

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  • Pres. Trump Hosts MAGA Rally In Ohio
Pres. Trump Hosts MAGA Rally In Ohio

Connecticut Republican leaders would far prefer to see this fall's election as a referendum on their caricature of the Malloy administration rather than on a president whose popularity in Connecticut is low. Trump's comments aimed at the Kochs came days after the brothers' network criticized the president for creating division at home and escalatin...

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  • Crude palm oil futures gain 0.27%
Crude palm oil futures gain 0.27%

The price for Brent crude oil, the global benchmark, was up 0.23 percent to $73.62 per barrel as of 9:15 a.m. EDT. Traders are also watching rising output from OPEC and its allies following their June accord to increase supply, having faced acute pressure from the U.S.

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