Consumer Inflation Eases To 4.17% In July

With this decline, and a higher industrial production growth rate in June, the chance of another policy rate hike in October has faded. The ONS reported that the rate of consumer price inflation, the most-watched measure, increased from 2.4% in Jun... More..

by | Published more than a month ago
Bayer shares slide after Roundup cancer trial
by | Wednesday, August 15, 2018

Bayer shares slide after Roundup cancer trial

Bayer chief executive officer (CEO) Werner Baumann recently announced that "Monsanto will no longer be a company name" following its acquisition. Bayer shares were down 11.2 percent at 82.93 euros at 132...More..

Drop in Turkish lira is making us a lot more money
by | Wednesday, August 15, 2018

Drop in Turkish lira is making us a lot more money

Investors seemed to look through the fiery rhetoric, pushing the lira off record lows on confirmation that Turkish and USA government officials met on Monday. Trump asked for Erdogan to release a USA pastor , ...More..

Transgender Democratic candidate makes history in state’s gubernatorial primary
by | Wednesday, August 15, 2018

Transgender Democratic candidate makes history in state’s gubernatorial primary

The Associated Press projected that Walker defeated his only primary challenger, Robert Meyer. He is expected to decline the nomination though and run again as an independent. She's one of a handful of transgen...More..

Turkey's lira crisis puts European economies at risk, says expert
by | Wednesday, August 15, 2018

Turkey's lira crisis puts European economies at risk, says expert

Citizens tend to have bank accounts in various currencies so how they move their money does have a meaningful impact on the lira's trajectory. The fear is of a full-blown emerging market crisis. He has also r...More..

Trump’s campaign takes legal action against Omarosa, alleging breach of secrecy agreement
by | Wednesday, August 15, 2018

Trump’s campaign takes legal action against Omarosa, alleging breach of secrecy agreement

In her book, Unhinged: An Insider's Account of the Trump White House, she said she had not signed a non-disclosure agreement. According to the Examiner, the arbitration move could "wipe [Omarosa] out fina...More..

Turkey to reduce currency risk for companies, Finance Minister Albayrak says
by | Tuesday, August 14, 2018

Turkey to reduce currency risk for companies, Finance Minister Albayrak says

Financial markets have taken fright at inflation , rising at an annual rate of more than 15%, and have been selling the Turkish lira , which is down by 45% against the USA dollar since the start of the year...More..

by | Tuesday, August 14, 2018

United Kingdom jobless rate falls to lowest since 1975 but pay growth weakens

The number of unemployed Britons fell by 65,000 to 1.36m while the number in work increased by 42,000 to 32.4m. Young people also appear to be benefiting from the economic lift, with youth unemployment also a...More..

Could Turkey's row with the U.S. push it towards Russian Federation?
by | Tuesday, August 14, 2018

Could Turkey's row with the U.S. push it towards Russian Federation?

Mr. Erdogan suggested that Turkey would stop buying USA -made iPhones and instead look to Korean Samsung or Turkish-made Vestel if the boycott goes ahead. Mr Erdogan has also been getting closer to Russia...More..

Nigeria, two others push OPEC oil output higher
by | Tuesday, August 14, 2018

Nigeria, two others push OPEC oil output higher

Market research firm Genscape data showed inventories at the Cushing delivery hub for WTI rose by 1.7 million barrels in the week ending August 10, according to Reuters . Riyadh told Washington in June it woul...More..

Tesla directors: 'No formal proposal' to take company private
by | Tuesday, August 14, 2018

Tesla directors: 'No formal proposal' to take company private

All those interested, including the Securities and Exchange Commission (SEC), wanted to know precisely what that means . In July 31 meeting with the fund's managing director, Musk said the investors seemed e...More..

Erdogan vows action against 'economic terrorists' over lira plunge
by | Tuesday, August 14, 2018

Erdogan vows action against 'economic terrorists' over lira plunge

So far, the impact on developed economies has been relatively contained. "We are once again facing a political, underhand plot". Erdogan reiterated on Monday his view that the currency's crash had no econom...More..

World stocks hit one-month low as Turkish rout spreads
by | Tuesday, August 14, 2018

World stocks hit one-month low as Turkish rout spreads

How serious is Turkey's crisis? Apple, iPhone, and iPad are trademarks of Apple Inc., registered in the US and other countries. Turkey's President, Recep Tayyip Erdogan, said on Monday that the U.S. A...More..

Firefighters battling Holy Fire continue to make strides
by | Tuesday, August 14, 2018

Firefighters battling Holy Fire continue to make strides

The fire retardant used is a specially developed chemical spray that can be used to slow or stop the spread of the fire, or even reduce its intensity by reducing how flammable the fuels in the area (such as woo...More..

by | Tuesday, August 14, 2018

Erdogan says USA set deadline for pastor's release

Albayrak described the Lira's weakness as "an attack", echoing President Erdogan , who is his father-in-law. On Monday, Erdogan said that spreading false news about the economy was treason and recent USA...More..

by | Tuesday, August 14, 2018

Asian, European stocks tumble as Turkish lira sinks further

After several hours of volatile trading, the Turkish lira has settled around 6.87 lira to the U.S. dollar . All in all, the total share of euro area exports to Turkey was 2.4% in 2016 This means that if ...More..

Turkish lira plunges as Erdogan blames crash on 'political plot' against Ankara
by | Tuesday, August 14, 2018

Turkish lira plunges as Erdogan blames crash on 'political plot' against Ankara

Relations between the United States and Turkey had plunged to their lowest in decades following unprecedented sanctions declared by the United States on Turkey over USA pastor Andrew Brunson , who faces te...More..

Airplane theft in Seattle shows potential dangers from airline workers
by | Tuesday, August 14, 2018

Airplane theft in Seattle shows potential dangers from airline workers

Jesus is truly the only one holding this family together right now. "Without him, we would be hopeless". Relatives of Richard Russell say they are " stunned and heartbroken " after the airline worker stole ...More..

Rupee plunges to record low, closes near 70 a dollar
by | Monday, August 13, 2018

Rupee plunges to record low, closes near 70 a dollar

Reversing all its early gains, the Indian rupee nosedived to its life-time low of 69.62, tumbling by 79 paise against the U.S. dollar in morning trade today in line with weakening domestic equities and global m...More..

More than 250 injured - some seriously - in concert stage collapse in Spain
by | Monday, August 13, 2018

More than 250 injured - some seriously - in concert stage collapse in Spain

There were no reports of any fatalities from the incident which the Galicia regional government said left 316 people injured at the O Marisquino festival in the town of Vigo. "The causes have yet to be determ...More..

Data recorder recovered from plane stolen and crashed near Seattle
by | Monday, August 13, 2018

Data recorder recovered from plane stolen and crashed near Seattle

Russell went by "Beebo" on social media, and on his Facebook page, which had limited public access. " Man , have you been to the Olympics, these guys are gorgeous", Russell says . The 29-year-old used a mach...More..

Erdogan warns businesses not to withdraw foreign currency
by | Monday, August 13, 2018

Erdogan warns businesses not to withdraw foreign currency

Erdogan accuses Washington of protecting coup plotters. As of August 2018, Turkey has an external debt of US$406 billion, US$99 billion of which is short term. Turkey last month released the evangelical ...More..

Iran's problems 'internal, not just sanctions'
by | Monday, August 13, 2018

Iran's problems 'internal, not just sanctions'

Khamenei on Saturday called for "swift and just" legal action by new courts set up to tackle corruption after the head of the judiciary said Iran was facing an "economic war", Iranian media reported . He refer...More..

Erdogan says U.S. set deadline for pastor's release
by | Monday, August 13, 2018

Erdogan says U.S. set deadline for pastor's release

The currency hit a record low of 7.23 per dollar late on Sunday after Mr Erdogan , in a series of speeches over the week, showed no sign of backing down in the stand-off against America, a North Atlantic Treat...More..

Apple Car Plans: Ex-Tesla Engineer Hired; Augmented Reality Windscreen Patent
by | Monday, August 13, 2018

Apple Car Plans: Ex-Tesla Engineer Hired; Augmented Reality Windscreen Patent

In April, Musk took over production of the Model 3 himself but still described Field as "one of the world's most talented engineering execs". As Daring Fireball reports , Apple spokesperson Tom Neumayr...More..

Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia
by | Monday, August 13, 2018

Who Will Fund Elon Musk's Tesla Takeover? It Could Be Saudi Arabia

The country's Public Investment Fund, which has built up a stake of nearly 5 per cent in Tesla in recent months, is exploring how it can be involved in the potential deal, according to Bloomberg . Tesla's b...More..

by | Monday, August 13, 2018

Turkish central bank tries to contain currency crisis

In an interview with Hurriyet newspaper published online, Albayrak described the lira's weakness as "an attack", echoing President Tayyip Erdogan - who is his father-in-law - and said the action plan was read...More..

Google Search Can Predict Bitcoin Price Increases, Study Finds
by | Monday, August 13, 2018

Google Search Can Predict Bitcoin Price Increases, Study Finds

For Yale University financial experts, they have suggested a system that predicts the price trends of major cryptocurrencies . Economists Aleh Tsyvinski and Yukun Liu conducted the study which according ...More..

Stolen plane in Seattle crash prompts airport security concerns
by | Monday, August 13, 2018

Stolen plane in Seattle crash prompts airport security concerns

The family of a man who authorities say stole an airplane from Seattle-Tacoma International Airport and later crashed it called him a faithful husband, loving son and good friend. Others include how, al...More..

U.S. ambassador urges Britain to ditch support for Iran nuclear deal
by | Monday, August 13, 2018

U.S. ambassador urges Britain to ditch support for Iran nuclear deal

In the article, Johnson said the Trump administration is "determined to make sure they [the sanctions] are fully enforced". European companies face possible U.S. The US pullout has been met with disbelief by ...More..