• Turkey’s president wants to boycott American electronics. Good luck with that
Turkey’s president wants to boycott American electronics. Good luck with that

United States officials say National Security adviser John Bolton had met with the Turkish ambassador to Washington on Monday. Erdogan also namechecked Vestel Venus phones as a home-built alternative for his countrymen to buy - a move that helped the shares of the company to rise nearly 5 percent.

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

In New York, Trump campaign lawyers filed for an arbitration to force the former " Apprentice " star to abide by the agreement they say she signed when joining the 2016 campaign. On Monday Mr Trump claimed that she had. This NDA can no more contractually bind her to surrender her First Amendment rights than could the NDA she was offered after her...

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  • Turkey to boycott USA electronic goods: Erdogan
Turkey to boycott USA electronic goods: Erdogan

Separately, Russian Foreign Minister Sergey Lavrov, on an official visit to Ankara, said the increased U.S. tariffs and sanctions imposed by Washington are "based on the desire to dominate everywhere in everything, to control worldwide affairs and to achieve unilateral advantages on global markets".

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  • Could Turkey's currency crisis spread
Could Turkey's currency crisis spread "contagion"?

Relations between the two North Atlantic Treaty Organisation allies have plummeted in one of their worst crises in decades after the detention of U.S. "If they have iPhones , there is Samsung on the other side, and we have our own Vestel here", he said, referring to the Turkish electronics company, whose shares rose five percent.

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  • Musk says Silver Lake, Goldman advising on taking Tesla private
Musk says Silver Lake, Goldman advising on taking Tesla private

Musk said that the Saudi Arabian sovereign wealth fund "has approached me multiple times" starting in early 2017 about taking Tesla private and had already taken a stake of almost five percent though share purchases. The company said in the statement that the special committee has the authority to take any action on behalf of the board to evaluat...

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  • Vienna Takes Home Title Of World's Most Liveable City
Vienna Takes Home Title Of World's Most Liveable City

Closer to home, Adelaide was ranked 10, while Perth dropped out of the top 10, and into 14th place, despite its liveability score remaining unchanged - a change in a city's ranking doesn't necessarily correspond to a change in that city's liveability, but rather its liveability compared to other cities in the survey.

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  • United States stocks slide, U.S. dollar strengthens, over Turkey worries
United States stocks slide, U.S. dollar strengthens, over Turkey worries

Investors also backed away from Argentina's stock market. The value of the Turkish lira has halved this year against the United States dollar . West Texas Intermediate (WTI) crude declined 43 cents to settle at $67.20 a barrel, with a 0.7-per-cent loss. Trading in Germany, Bayer tumbled 10.3 per cent.

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  • China’s financial help to Turkey will not turn around the troubled lira
China’s financial help to Turkey will not turn around the troubled lira

In Asian trading, the euro also skidded to a one year low of $1.13, the single currency's lowest level against the USA currency since July 2017. Speaking to supporters in Trabzon on Turkey's Black Sea coast on Sunday, the president dismissed suggestions that Turkey was in a financial crisis like those seen in Asia two decades ago.

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  • More than 100 large wildfires in U.S. as new blazes erupt
More than 100 large wildfires in U.S. as new blazes erupt

The MAFFS system can literally be rolled onto a number of different aircraft, including the legendary C-130 Hercules, allowing for integral air support in the firefighting effort without the need (and expense) of an entire fleet of dedicated firefighting aircraft.

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  • Rupee Sinks To All-Time Low Of 70 To US Dollar
Rupee Sinks To All-Time Low Of 70 To US Dollar

The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade. It had breached the 69-mark against the USA dollar amid global uncertainties and concerns over inflation. This has strained emerging market currencies such as India . According to Bloomberg data, while most Asian currencies are weakening, the rupee has...

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  • European banks' exposure to Turkey
European banks' exposure to Turkey

The details would be unveiled shortly, the country's finance minister told Turkish newspaper Hurriyet . "From Monday morning onwards our institutions will take the necessary steps and will share the announcements with the market", Albayrak said , without giving details on what the steps would be.

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  • Turkish lira crisis gets worse with fresh 11% plunge
Turkish lira crisis gets worse with fresh 11% plunge

Meanwhile, the United States government is using the lira crisis to ramp up pressure on Turkey over its detention of an American pastor. Turkey was issued fresh sanctions by US President Donald Trump after the nation continued to trade with Iran, which was also sanctioned in a bid to halt its nuclear weapon programme.

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  • Plane theft sparks concerns about 'insider threat' to air travel
Plane theft sparks concerns about 'insider threat' to air travel

Authorities will try to piece together how a security scare of this magnitude occurred at a major airport. "The greatest threat we have to aviation is the insider threat", said Erroll Southers, a former Federal Bureau of Investigation agent and transportation security expert.

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  • Turkish lira pulls back from record low of 7.24, rattles global markets
Turkish lira pulls back from record low of 7.24, rattles global markets

That raised alarms in Western capitals and the US Congress that Turkey was becoming a less reliable partner in North Atlantic Treaty Organisation despite hosting the US and other allies at its Incirlik air base for the fight against Islamic State.

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  • Turkey takes action in bid to curb currency crisis
Turkey takes action in bid to curb currency crisis

The MSCI world equity index , which tracks shares in 47 countries, was down 0.6 percent on Monday and 1.75 percent since Friday's open as the Turkish lira plunged to a record low, forcing the country's finance minister to announce an economic action plan to ease nerves.

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  • Tesla's CEO Elon Musk sued for fraud
Tesla's CEO Elon Musk sued for fraud

Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric vehicle company private . And while the U.S. Securities and Exchange commission is reportedly looking into Musk's claims, speculation is ...

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  • Doug Field Moves to Apple
Doug Field Moves to Apple

Tesla confirmed in July that Field had moved on . In May, reports emerged that Field was leaving Tesla at a critical time, when the company was racing to meet production targets for the Model 3 . Little has been heard of Apple's " Project Titan " since reports in 2016 that "several hundred hardware engineers" were either laid off or reass...

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  • Turkey says it has action plan to ease market concerns - USA
Turkey says it has action plan to ease market concerns - USA

The lira lost about 40 percent of its value against the U.S. dollar this year and, to reduce its volatility, Ankara has prepared an urgent action plan. "It would be very hard for this government to convince anyone that they are capable of designing and carrying out a sensible program". "It's like dumping gasoline on a fire", Win Thin, a strategis...

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

According to separate sources who spoke to Reuters last week, Softbank is now not pursuing an investment in Tesla given its investment earlier this year in rival GM Cruise. Tesla is facing a make-or-break moment in its eight-year history as a public company, as competition from European automakers is poised to intensify with new electric v...

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  • No-deal fear pushes pound to a record low
No-deal fear pushes pound to a record low

The pound is also down 0.58% against the euro and down 0.86% against the Japanese yen . The vol, as the measure is known, was headed for its biggest one-day jump since November. Risk reversals - used commonly to hedge against expected currency moves - in sterling/dollar fell to their lowest since early March 2017. While most of the blame for th...

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