• Tesla shares fall as Musk says stress takes toll
Tesla shares fall as Musk says stress takes toll

Musk spent nights at Tesla's Fremont, California, factory working out production problems on its new Model 3 vehicle that is supposed to take Tesla from niche luxury carmaker to a mass producer that competes with Detroit. "It seemed like better karma at US$420 than at US$419", he said in the interview. Musk stated, " I understood from him th...

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  • China Takes Broad WTO Swipe At US Clean Energy Rules
China Takes Broad WTO Swipe At US Clean Energy Rules

According to a spokesperson for the Chinese Ministry of Commerce , "The measures taken by the United States, both procedurally and physically, are suspected of violating the WTO Agreement on Safeguards". But so far, he has yet to finalize any trade deals. Earlier, Beijing filed a separate WTO challenge on July 16 to Trump's proposal for yet anot...

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  • Trump Warns Turkey over Detained Pastor
Trump Warns Turkey over Detained Pastor

President Trump has repeatedly demanded that Turkey free Andrew Brunson, who has been detained on espionage and terrorism-related charges. He has been held in Turkey for two years and accused by local prosecutors of "terrorist" ties to the Islamist Gulen movement, which has been blamed for a failed coup in July 2016.

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  • USA and China meet for trade talks
USA and China meet for trade talks

The U.S. has imposed tariffs on tens of millions in Chinese imports with President Trump's warning of tariffs on hundreds of millions more in Chinese imports to the United States. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly lower on Thursday. The upcoming meeting will be held at a lower-level c...

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  • United States threatens further Turkey sanctions if pastor not freed
United States threatens further Turkey sanctions if pastor not freed

The lira's fall had raised fears Turkey was on the verge of a fully-fledged economic crisis, especially in its banking system, that could spill over into Europe and other markets. Trump, who has doubled steel and aluminum tariffs on Turkey, said the steel tariffs had kicked in and the aluminum tariffs would take effect soon. Qatar pledged on We...

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  • Turkey's Economy Is Struggling, And That's Partly On The US
Turkey's Economy Is Struggling, And That's Partly On The US

In recent days, Qatari supporters of Turkey have begun a public campaign in Doha to change their riyals into lira in an attempt to shore up the plunging Turkish currency. The ministers responded by condemning the sanctions and claiming not to have any economic interests or properties in the United States. It made a decision to release two Gre...

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  • Turkey increases tariffs on some U.S. imports
Turkey increases tariffs on some U.S. imports

While still nominally allies, the USA and Turkey's relationship is continuing to fall apart amid new economic penalties in the continued fight over an American pastor detained in Turkey. Treasury and Finance Minister Berat Albayrak, son-in-law of Erdogan, will speak with about 1,000 foreign investors on Thursday via a teleconference, the private ...

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  • Turkey to boycott USA electronic goods
Turkey to boycott USA electronic goods

The president issued a rallying cry for unity to resist what he has described as an economic war waged by the US. Separately, Russian Foreign Minister Sergey Lavrov, on an official visit to Ankara , said the increased U.S. He urged Turks to sell their dollars and euros to shore up the national currency , and pressed manufacturers to hold back...

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  • Firefighter Killed Battling California's Largest Record Blaze
Firefighter Killed Battling California's Largest Record Blaze

The fatality marks the sixth firefighter to be killed in California's wildfires this year alone. The first fatality has been reported in connection with the largest blaze in California history. Though temperatures had dropped from their triple-digit highs in recent days, they were expected to stay above 90 degrees F (32 C) through Friday. Thr...

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  • Futures rise as Turkish lira rebounds, tech stocks gain
Futures rise as Turkish lira rebounds, tech stocks gain

He did not say when the boycott would start or how it would be enforced. Chief Executive Elon Musk said he was in discussion with Saudi Arabia's sovereign wealth fund and other potential backers of his plan to take the electric carmaker private, but he said financing was not yet nailed down.

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  • Oil Prices Rise As US Sanctions On Iran Tightens Market
Oil Prices Rise As US Sanctions On Iran Tightens Market

BMI Research said oil markets would "struggle for direction, as uncertainty around both the impact on supply from the Iranian sanctions and escalating trade tensions between the United States and China persists". Hedge funds and other money managers reduced their bullish positions in U.S. crude futures and options in the week ending August 7, data ...

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  • Turkey to shun US electronics
Turkey to shun US electronics

Turkish Airlines and Turk Telekom said the advertising boycott would encompass all written, visual and social media, although existing agreements would not be affected. That was a rare Trump understatement, as the two countries face sharp differences on the case of Brunson and other detained Americans, Erdogan's consolidation of power, US support f...

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  • Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low
Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low

The Indian rupee on Tuesday slumped to its record low at 70 to the USA dollar, significantly weaker from its previous close of 68.83 per greenback. Fears over a rise in global protectionist measures, along with a strong United States economy dragged Asia's "worst-performing currency of the year" to a fresh intraday low before recovering by a ...

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  • Elon Musk wants to sell Tesla short shorts
Elon Musk wants to sell Tesla short shorts

More from Bloomberg.com: U.S. They haven't reached any conclusion on whether taking Tesla private is advisable or feasible. "During the meeting, the Managing Director of the fund expressed regret that I had not moved forward previously on a going private transaction with them, and he strongly expressed his support for funding a going private tran...

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  • 'No war, no negotiations with the US'
'No war, no negotiations with the US'

Washington had previously stated Iran's only chance to avoid sanctions would be to accept Mr Trump's offer to re-negotiate a tighter nuclear deal. "Our goal is to punish corrupt economic agents quickly and fairly", Ayatollah Ali Khamenei said on his official website in response to a letter...

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  • Seattle airport reviewing security after plane theft
Seattle airport reviewing security after plane theft

Officials remain unclear how he was able to do so, as he did not have a pilot's license. The man, who was addressed as " Rich " in audio recordings with air traffic controllers, said he didn't want to land at a nearby military base. "The FBI continues to work with our state, local, and federal partners to gather a complete picture of what transpi...

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  • Elon Musk names Saudi wealth fund as Tesla's funding source
Elon Musk names Saudi wealth fund as Tesla's funding source

Saudi Arabia's Public Investment Fund (PIF) is known for its technology investments, including the $45 billion it has spent in SoftBank Group Corp's ( 9984.T ) Vision Fund. That would allow the shorts to buy back the stock at a lower price, return the shares to the lender, and pocket the difference. Tesla was reportedly courted by Japan's Sof...

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  • Wall St slips at open on Turkey turmoil
Wall St slips at open on Turkey turmoil

The Russell 2000 index of smaller-company stocks picked up 4.01 points, or 0.2 percent , to 1,690.89. The Nasdaq gained 0.3 per cent for the week after strong gains in some technology shares. Bookings Holdings (BKNG.O) fell 5.9 percent and weighed the most on the S&P and the Nasdaq after it forecast third-quarter profit below expectations.

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  • Homebase reviewing weedkillers after USA cancer lawsuit
Homebase reviewing weedkillers after USA cancer lawsuit

Monsanto, which is facing up to 5,000 similar lawsuits across the USA, said it would appeal against the verdict. But that issue was sidestepped during the trial, as Johnson's lawyers argued that his cancer was caused by the combination of glyphosate and other chemicals present in Roundup .

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  • Ryanair pilots strike in Germany, 4 other countries
Ryanair pilots strike in Germany, 4 other countries

Germany will be worst hit by the industrial action , with 250 flight cancellations at 10 airports. "Had I not checked, I would have arrived at the airport only to find my flight being cancelled". "In its letter to VC dated last week, Ryanair management confined itself to repeating and summarising what they considered to be the most relevant...

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