Turkey says U.S. trade sanctions could destabilize region, lira slide continues

The currency was trading at 6.2 to the dollar, a loss of 3.1 percent on the day. They agreed on a meeting between Turkish Treasury and Finance Minister Berat Albayrak and his British counterpart. In a conference call before the holiday, Albayrak as... More..

by | Published 26 days ago
Uber to prioritize bikes, scooters over cars for short journeys
by | Thursday, August 30, 2018

Uber to prioritize bikes, scooters over cars for short journeys

Back in April, Uber announced its introduction to the bike-sharing business with the acquisition of Jump - a NY start-up with an all-electric fleet of dockless bikes. As an aside to Jump, Uber also invested ...More..

Facebook rolls out video service worldwide
by | Thursday, August 30, 2018

Facebook rolls out video service worldwide

Matthew Henick, Facebook's head of content planning, strategy and media partnerships, said that localised programming with subtitles will become available on the platform as Watch is rolled out globally. Nota...More..

Iran Mulls Exiting Nuclear Deal Amid Sanctions
by | Thursday, August 30, 2018

Iran Mulls Exiting Nuclear Deal Amid Sanctions

His political enemies are circling, with parliament announcing that two more of his ministers could be impeached in the coming days. Supreme leader Ayatollah Ali Khamenei on Tuesday urged Iran's President Has...More..

Oil sector depresses Nigeria’s Q2’18 GDP
by | Thursday, August 30, 2018

Oil sector depresses Nigeria’s Q2’18 GDP

The bureau, in the report which was made available to our correspondent, said the second quarter growth rate was constrained by contractions in oil GDP. For the first time since the country came out of recessio...More..

Salvini and Orban ready anti-migrant fight ahead of European Union elections
by | Wednesday, August 29, 2018

Salvini and Orban ready anti-migrant fight ahead of European Union elections

Salvini's meeting with Orban came shortly after Prime Minister Giuseppe Conte's more low-key summit with his Czech counterpart Andrej Babis, which also focused on migration . "And here we are, the ones who wan...More..

Elon Musk is back to insinuating Thai cave diver is a
by | Wednesday, August 29, 2018

Elon Musk is back to insinuating Thai cave diver is a "pedo"

This sparked an exchange with fellow entrepreneur Drew Olanoff, who said: "Your dedication to facts and truth would have been wonderful if applied to that time you called someone a pedo ". Tech tycoon Elo...More..

Demonetisation: 99.3% of old notes now with banks, says RBI
by | Wednesday, August 29, 2018

Demonetisation: 99.3% of old notes now with banks, says RBI

Last year, the central bank had said in its annual report that Rs 15.28 lakh crore of the old currencies had returned to the banks after Prime Minister Narendra Modi's shock decision to cancel Rs 500 and Rs...More..

Kushner Companies Fined More Than $200K For Filing False Documents
by | Tuesday, August 28, 2018

Kushner Companies Fined More Than $200K For Filing False Documents

After these false applications were filed, Kushner Cos. was able to sell one of these buildings in Queens, New York for $60 million in 2017 - an nearly 50% increase over what they paid just 2 years prior, acco...More..

United States and Mexico reach a preliminary trade deal
by | Tuesday, August 28, 2018

United States and Mexico reach a preliminary trade deal

Potentially more consequential is the pending non-NAFTA-related decision about whether the United States will slap high tariffs on imported autos in the name of national security, something the administration...More..

JetBlue has increased its fees for checked luggage
by | Tuesday, August 28, 2018

JetBlue has increased its fees for checked luggage

WestJet's changes apply to flights starting October 1 for domestic bookings made as of last Friday, and as of Tuesday on flights to the USA and worldwide destinations. Furthermore, the fee to change or cancel a...More..

Oil gains, supported by rising stock market, U.S.-Mexico trade deal
by | Tuesday, August 28, 2018

Oil gains, supported by rising stock market, U.S.-Mexico trade deal

But the countries still must resolve hard issues, including USA complaints about Canada's protection for its dairy farmers and the way disputes are resolved under NAFTA . His sentiments were echoed by Vice Pre...More..

by | Tuesday, August 28, 2018

Google’s digital payment app for India, Tez, is now Google Pay

Google has claimed that the Tez app has 22 million active users and has made 750 million transactions. The demonetization and resulting cash crunch in India past year has given rise to a slew of digital payme...More..

Trump Announces New U.S.-Mexico Trade Agreement
by | Tuesday, August 28, 2018

Trump Announces New U.S.-Mexico Trade Agreement

Trump said Monday during an Oval Office event that he'll be calling the emerging agreement the "United States-Mexico Trade Agreement". "And, frankly, a tariff on cars is a much easier way to go, but perhaps...More..

by | Tuesday, August 28, 2018

Record highs for S&P, Nasdaq on U.S.-Mexico trade deal

A senior White House official added that Canada would be brought in to the trade discussions on Monday afternoon. "It's potentially a positive in that I've long seen auto as the toughest nut to crack in these n...More..

U.S. and Mexico tentatively set to replace NAFTA with new deal
by | Tuesday, August 28, 2018

U.S. and Mexico tentatively set to replace NAFTA with new deal

NAFTA was created 24 years ago, making trade easier between the U.S., Canada and Mexico , but President Trump and other critics say that it has encouraged American manufacturers to move to Mexico because ...More..

Toyota, Uber to develop driverless vehicles
by | Tuesday, August 28, 2018

Toyota, Uber to develop driverless vehicles

Uber did not immediately respond to Ars' request for comment. The company said at the time that its specially equipped vehicles would be back in service for the first time since it suspended tests following a...More..

Tesla shares dip 3 percent after Musk abandons buyout
by | Tuesday, August 28, 2018

Tesla shares dip 3 percent after Musk abandons buyout

Now, Musk and his team are working to meet them under even more scrutiny from regulators and from shareholders, and with more competition - the Saudi Public Investment Fund recently made what is likely a billio...More..

Top Student Loan Watchdog Quits, Says Mulvaney Serves Financial Companies
by | Tuesday, August 28, 2018

Top Student Loan Watchdog Quits, Says Mulvaney Serves Financial Companies

Since taking over as acting director of the CFPB a year ago, Mick Mulvaney-who also runs the Office of Management and Budget (OMB)-has worked to " quietly sabotage " the agency that federal lawmakers establis...More..

Dollar weakens on rate outlook; Mexican peso surges on trade deal
by | Monday, August 27, 2018

Dollar weakens on rate outlook; Mexican peso surges on trade deal

For that to happen, the US Congress must be notified 90 days in advance, which means the administration must send the notice by the end of the week. Talks have also been stymied by the Trump administration's...More..

Warren Buffett is said to agree on backing India's Paytm
by | Monday, August 27, 2018

Warren Buffett is said to agree on backing India's Paytm

Berkshire Hathaway Inc invested Rs 2500 crore ($356 million) in the Indian company behind digital payments firm Paytm, according to a source with direct knowledge of the deal, in a foray by the conglomerate in...More..

by | Monday, August 27, 2018

Trump 'terminating' NAFTA, calling replacement US-Mexico Trade Agreement

Talks to overhaul the Nafta agreement began a year ago and have proven contentious. But Trump and other critics say it encouraged USA manufacturers to move south of the border to exploit low-wage Mexican labo...More..

Trump Organization Finance Chief Gets Immunity
by | Monday, August 27, 2018

Trump Organization Finance Chief Gets Immunity

The president's former lawyer pleaded guilty to facilitating payments to the two women. "They had a very successful conviction of Paul Manafort ". Davis said he should not have expressed such confidence in...More..

US SEC to review decision rejecting bitcoin ETFs
by | Monday, August 27, 2018

US SEC to review decision rejecting bitcoin ETFs

With all these nine applications rejected, nobody knows when there will be a Bitcoin ETF. Peirce has previously voiced her concerns about earlier ETF decisions and that she disagrees with the views of the...More..

Didi woman passenger killed amid China ride-hailing safety concerns
by | Monday, August 27, 2018

Didi woman passenger killed amid China ride-hailing safety concerns

The latest grisly episode triggered severe criticism of Didi on social media and prompted regulators to warn of industry-wide action. Didi said the customer service representative who took the complaint had n...More..

DA looks at charges against Trump Organization — NY Times
by | Monday, August 27, 2018

DA looks at charges against Trump Organization — NY Times

Cohen acknowledged the illegal payments while pleading guilty to breaking campaign finance laws and other charges, a litany of crimes that revealed both his shadowy involvement in Mr. After the story in 2015,...More..

Why did Saudi Arabia call off Aramco floatation?
by | Monday, August 27, 2018

Why did Saudi Arabia call off Aramco floatation?

The decision to shelve the IPO raises doubts about the management of the process as well as the broader reform agenda, sapping the momentum generated by Prince Mohammed's dramatic 2030 Vision announcement in ...More..

Ant Financial of Alibaba adjourns OTC Bitcoin trading
by | Monday, August 27, 2018

Ant Financial of Alibaba adjourns OTC Bitcoin trading

Alipay has dominated the Chinese payment market, accumulating 90 percent of the piece of the overall industry. Alipay has identified and closed some 3,000 accounts engaged in virtual currency trading so fa...More..

World Bank's blockchain bond raises $110 million
by | Monday, August 27, 2018

World Bank's blockchain bond raises $110 million

The "bond-i" platform is created to substantially streamline capital raising processes in the debt capital markets, which are now made up of a complex web of interconnected agents and intermediaries. Earlier th...More..

EUR/USD flirts with 1.1600 ahead of Jackson Hole
by | Sunday, August 26, 2018

EUR/USD flirts with 1.1600 ahead of Jackson Hole

Fed officials have debated over the pace at which they should normalize interest rates after slashing them to near-zero levels during the 2008 crisis. That echoed a phrase that was used to describe the extra...More..