• Turkey pledges action to calm markets
Turkey pledges action to calm markets

Negotiations failed to achieve the desired results, prompting the Turkish government to try more aggressive tactics, regardless of their costs to the country's economy and worldwide standing. " We have seen your play and we challenge you ". "You should know that to keep this nation standing is. also the manufacturers' duty", he said. As the currenc...

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  • Mexico says
Mexico says "very close" on NAFTA issues with the U.S.

After a second day of meetings with US Trade Representative Robert Lighthizer in Washington , Guajardo said talks were "advancing" but that it was not clear how long it would take to settle US-Mexico issues before Canada would come back to talks.

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  • Rosy Canadian jobs report gets no help from resource sector
Rosy Canadian jobs report gets no help from resource sector

The report looked set to boost market speculation that the Bank of Canada, which has raised rates four times over the past year as the economy strengthened, could hike again next month. But, it could be an indicator of whether the Bank of Canada will increase interest rates next month. By industry, the goods-producing sector lost 36,500 jobs in J...

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  • Sea-Tac Airport Issues Statement After 'Suicidal Male' Crashes Plane
Sea-Tac Airport Issues Statement After 'Suicidal Male' Crashes Plane

The couple traveled to Puerto Rico earlier this year, where Hannah Instagrammed a photo of them sitting on the beach with the caption: 'I'm so thankful for this man!' Just a broken guy, got a few screws loose, I guess. A 3 ½ year employee of Horizon Air had specialized training and higher-level security clearance, helping him carry out his plan to ...

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  • Tech stocks take Nasdaq closer to record
Tech stocks take Nasdaq closer to record

The Russell 2000 is up 17.52 points , or 1 percent. The S&P 500 plunged 20.30 points, or 0.7 per cent, to 2,833.28. The Dow Jones Industrial Average was the only laggard among the three major indexes. The Nasdaq is up 79.77 points, or 1 per cent. Energy weighs on the S&P 500 on Thursday . The Nasdaq inched toward a record on the bac...

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  • India consumers seek sofas and spoons as Ikea opens its doors
India consumers seek sofas and spoons as Ikea opens its doors

Inside the store, many shoppers said they were excited to discover that the India store is no different from any other IKEA store , be it in Sweden, US or Singapore. The IKEA restaurant will offer 50 per cent Swedish specialities like salmon and chicken and vegetarian meatballs and 50 per cent local delicacies like biryani, samosas, dal makhni in ...

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  • Employee steals plane from Seattle airport, crashes it shortly
Employee steals plane from Seattle airport, crashes it shortly

John Waldron, who took dramatic video of the stolen plane flying in a loop, told CNN that he was out for an evening stroll when he saw the two fighter jets following the turboprop airplane. He flew for about one hour, often erratically, before crashing on Ketron Island in Puget Sound, about 25 miles (40 km) to the southwest. Investigators o...

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  • Seattle airport employee steals plane, takes off and crash lands
Seattle airport employee steals plane, takes off and crash lands

It was a very small two prop plane commuter aircraft was stolen. A "suicidal" airline employee at Seattle's Sea-Tac International Airport stole an empty plane Friday night for a weird joyride, performing risky air maneuvers under close pursuit by F-15 fighter jets before crashing into an island.

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  • Tesla shares fall 5 percent on Wall St scepticism, SEC probe reports
Tesla shares fall 5 percent on Wall St scepticism, SEC probe reports

The current value of Tesla's shares stands at around $370 so a buyout at $420 would represent a roughly 20% premium at buyout, a defiantly tempting offer to get shareholders to sell their shares. After two days of turmoil, they stood at $352.45. I always think of Westinghouse's efforts to transform itself from a heavy industrial to a media company ...

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  • Crocs closing last of manufacturing facilities, CFO resigning
Crocs closing last of manufacturing facilities, CFO resigning

The company has already started wrapping things up in one of its facilities in Mexico, and they plan on shutting down the remaining in Italy. But experts and the company itself have brought clarity to the ruckus: Crocs has confirmed via a tweet - and in a email exchange with FN - that it is not going away.

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  • 'Nuclear attack': Investors sue Musk over 'misleading' tweet on making Tesla private
'Nuclear attack': Investors sue Musk over 'misleading' tweet on making Tesla private

Tesla did not respond to a request for comment. "Because Musk has not secured financing, and has issued false and materially misleading information into the market, short sellers of Tesla stock were forced to cover their positions by purchasing shares at artificially inflated prices after 12:48pm on August 7, 2018".

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  • China Customs: China crude imports rise, but capped by weak ‘teapot’ demand
China Customs: China crude imports rise, but capped by weak ‘teapot’ demand

Sources close to the government told Reuters that frictions with the USA were causing rifts within China's Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S. "This is a very unreasonable practice", the Chinese commerce ministry said of the U.S. action on Wednesday as it rolled out Chin...

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  • SEC Postpones Decision on Vaneck Solidx Bitcoin ETF but Previous Concerns 'Resolved'
SEC Postpones Decision on Vaneck Solidx Bitcoin ETF but Previous Concerns 'Resolved'

There are multiple entities applying for an ETF and one of them is the exchange Cboe BZX, whose proposal was recently rejected by the SEC . The news has had profound effects on Bitcoin price and the entire cryptocurrency market; seeing prices fall 5-15% across major coins.

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  • USA tariff hike on Turkey fails to make economic sense
USA tariff hike on Turkey fails to make economic sense

Adding to Turkey's fiscal woes, new pension and spending increases announced by president Erdogan in the lead-up to his recent election win have further weakened the outlook for Turkey's public finances. Hesse said that European banks could suffer losses if they loaned money in Turkey or owned Turkish banks but that the possible losses were not...

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  • IKEA opens first India store in Hyderabad
IKEA opens first India store in Hyderabad

IKEA had initially planned to open 25 stores across the nation by 2025. The Hyderabad location will have IKEA's largest restaurant worldwide, and it will feature both Swedish and Indian cuisine on the menu. The company's first store in India comes more than five years after it received the government's nod for its Rs 10,500 crore investmen...

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  • Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept
Stolen Plane Flies From Seattle, Crashes After Jets Scramble To Intercept

Normal operations at the airport were interrupted for a time by the unauthorized takeoff but have resumed, the airport said in its tweet. In a statement, Alaska Airlines said the twin-propeller passenger plane was being piloted by "an airline employee", who took the plane without permission.

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  • One man's suffering exposed Monsanto's secrets to the world
One man's suffering exposed Monsanto's secrets to the world

Following eight weeks of trial proceedings , the San Francisco jury ordered Monsanto to pay US$250 million in punitive damages along with compensatory damages and other costs, bringing the total figure to almost US$290 million. FILE - In this July, 9, 2018, file photo, plaintiff DeWayne Johnson looks up during a brief break as the Monsanto tri...

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  • Turkish lira plunges as Trump hits Ankara with increased tariffs
Turkish lira plunges as Trump hits Ankara with increased tariffs

A diplomatic tussle between the United States and its North Atlantic Treaty Organisation ally deepened Friday after President Donald Trump said he had authorized the doubling of tariffs on Turkish steel and aluminum. The United States is the biggest destination for Turkish steel exports. "At the same time, the new US sanctions against Rus...

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  • Turkey's Tayyip Erdogan dismisses lira fears, says
Turkey's Tayyip Erdogan dismisses lira fears, says "we have our God"

With US sanctions and tariffs hitting Turkey this month for its refusal to release an American pastor, the relationship between the two North Atlantic Treaty Organisation allies is crumbling amid fears on the regional impact. "This is a national, domestic battle", he told a crowd in the northeastern city of Bayburt. Now at a new record low, T...

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  • Trump puts pressure on Turkey by doubling down on tariffs
Trump puts pressure on Turkey by doubling down on tariffs

On Friday, President Trump announced that he will double America's metal tariffs on Turkey - despite the fact that he has no good reason for doing so. He said this would be Turkey's response "to those who wage economic war against us". Erdogan called on Turks to not be concerned about exchange rate movements, mockingly declaring "the dollar, ...

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