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Economy

Turkey was also suffering from significant economic problems of late. The appeal document seen by Reuters said the court should prevent any unlawful political interventions and lift judicial control provisions imposed on Brunson. He suggested Turks would buy local or Korean phones instead of USA -made iPhones, though it was unclear how he meant to enforce the boycott. In a joint statement issued Tuesday, the industrialists' group TUSIAD and the Union of Chambers and Commodity Exchanges ...
  • Russia Responds to New US Sanctions Over Chemical Attack

    Russia Responds to New US Sanctions Over Chemical Attack

    Economy

    But the punitive measures triggered a furious reaction from Moscow . Peskov was referring to the nerve-agent attack on former spy Sergei Skripal and his daughter Yulia in March. -Russia relations. But unless Russia agrees within 90 days to stop all use of chemical weapons and permit inspections to confirm their elimination, additionally mandated measures could cut off nearly all trade between the two countries, prohibit landing rights for Russian airlines, and lead to a suspension of ...
  • Indian Oil buys U.S. crude to part replace Iran cargoes

    Indian Oil buys U.S. crude to part replace Iran cargoes

    Economy

    U.S. gasoline stocks climbed 2.9 million barrels last week to 233.87 million barrels, while distillate stocks were up 1.23 million barrels at 125.42 million barrels. The United States on Tuesday reimposed sanctions on Iran, the third-biggest producer in the Organization of the Petroleum Exporting Countries. An earlier report from industry group the American Petroleum Institute had suggested inventories fell by 6 million barrels.
  • Ontario to offer incentives to brewers in buck a beer plan

    Ontario to offer incentives to brewers in buck a beer plan

    Economy

    The move was one of Ford's promises during the spring election campaign. Now in Ontario, one can only buy beer , wine and spirits at government licensed outlets or licensed restaurants and bars. Effective Aug. 27, Ontario's government will lower the minimum price floor to $1 for any beer with an alcohol volume below 5.6%. "I honestly can't see how a brewer can pull that off", he said.
  • China hits back at US with $60bn tariff threat

    China hits back at US with $60bn tariff threat

    Economy

    The two countries have already imposed about $ 34 billion worth of tariffs on each other. China has said it will levy new tariffs on more than 5,200 United States products, if the White House moves forward with its latest tariff threat.
  • Barack Obama’s Birthday Officially Celebrated As A Holiday In Illinois

    Barack Obama’s Birthday Officially Celebrated As A Holiday In Illinois

    Economy

    Former President Barack Obama turned 57 on Saturday - and for the first time, his birthday is being celebrated as a commemorative holiday in his former home of IL. The bill passed both houses of the Illinois General Assembly and was signed on August 4, 2017. The bill establishing Obama's birthday as a state holiday unanimously passed the IL state legislature previous year, and Republican Gov.
  • NASCAR's Brian France Taking 'Indefinite Leave of Absence' After Arrest

    NASCAR's Brian France Taking 'Indefinite Leave of Absence' After Arrest

    Economy

    Sunday and was held overnight. Upon the traffic stop, according to the release, police determined that France was operating the vehicle in an intoxicated condition. Brian France isn't a professional driver, but you could argue the NASCAR CEO causes more trouble behind the wheel than any of the sport's superstars.
  • Oil prices decline amid rising output

    Oil prices decline amid rising output

    Economy

    The return of sanctions on Iran was one of the reasons why the experts raised again-for a tenth consecutive month-their oil price forecasts for WTI Crude and Brent Crude prices, which are now expected to average $67.32 a barrel and $72.87 a barrel this year, respectively.
  • Timeline - Ryanair struggles with widespread strike action

    Timeline - Ryanair struggles with widespread strike action

    Economy

    The flight disruption woes continue for budget airline Ryanair as Irish pilots are set to stage another 24-hour-stoppage next Friday, August 10. On Friday, around a quarter of Ryanair's 350 pilots based in Ireland took part in a fourth one-day strike.
  • Interest rate rise means increased mortgage bills for millions

    Interest rate rise means increased mortgage bills for millions

    Economy

    In its third bi-monthly meeting of 2018-19, MPC-led by Urjit Patel chose to hike the repo rate by 25 basis points to 6.50 per cent. Governor Mark Carney and the other eight members of the bank's rate setting Monetary Policy Committee have been signalling that a hike is likely to come at some point in 2018 since their last hike in November previous year, and Thursday looks like the day it will happen.
  • U.S. unemployment rate falls to 3.9 percent as hiring slows

    U.S. unemployment rate falls to 3.9 percent as hiring slows

    Economy

    The economy is now entering its tenth year of expansion, and hiring has actually accelerated this year compared with 2017, surprising most analysts. On Friday, China's Commerce Ministry said a new set of proposed import tariffs on $60 billion worth of USA goods are rational and restrained and warned that it reserves the right of further countermeasures in the intensifying trade war.