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Economy

The speech set out the government's plans for a no deal Brexit , following the publication of 25 'technical notices , ' which describe how a no deal scenario could impact on different sectors of the United Kingdom economy. "Insurers have, of course, been making contingency plans for their own operations for many months now, but this contract issue is not one that insurers themselves can fix".
  • Roundup Chemical Linked to Cancer Found in Children's Cereals: Group

    Roundup Chemical Linked to Cancer Found in Children's Cereals: Group

    Economy

    The tests were commissioned by the nonprofit Environmental Working Group after internal FDA emails surfaced previous year showing chemists at the agency were testing wheat, corn , and oat foods for glyphosate and had found "a fair amount in all of them", but had not yet released those results to the public.
  • More than 1000 Google workers protest censored China search

    More than 1000 Google workers protest censored China search

    Economy

    The letter reportedly calls on executives to review the ethics and transparency at the company. Google has so far refused to comment on the matter. Whether the company could or would launch search in China "is all very unclear", Pichai said, according to the transcript. 'We urgently need more transparency, a seat at the table and a commitment to clear and open processes: Google employees need to know what we're building, ' states the document seen by Reuters.
  • 'Most hard, painful year': Elon Musk in tears in new interview

    'Most hard, painful year': Elon Musk in tears in new interview

    Economy

    Musk , 47, said sometimes he did not leave the Tesla factory for three or four days straight, and that he had not taken off more than a week at a time since he was sick with malaria in 2001. Martin Tripp, the original whistleblower tweeted and subsequently deleted a cache of pictures that he said back up his claims that Tesla installed defective batteries in some Model 3s.
  • Turkey's higher court refuses to release U.S. pastor Brunson

    Turkey's higher court refuses to release U.S. pastor Brunson

    Economy

    A high court in Izmir said on Friday Brunson would stay under house arrest , upholding a decision taken by a lower court earlier this week. Mr Brunson is being held in a Turkish jail for allegedly supporting a group that Ankara blames for an attempted coup against Mr Erdogan in July 2016, a charge he fiercely denies.
  • China says US solar tariffs violate trade rules, lodges WTO complaint

    China says US solar tariffs violate trade rules, lodges WTO complaint

    Economy

    U.S. President Donald Trump on Wednesday morning took to Twitter, as he often does, to lambaste some of his favourite targets: the U.S. Justice Department, the "rigged Russian witch hunt" (a.k.a. Mexico's economy minister, Ildefonso Guajardo, said the tariffs will affect some 3 billion dollars in value terms. He told the Journal the 25 percent tariffs on steel will rescue an industry important to US national security.
  • Lira rallies after Turkey raises tariffs on United States imports

    Lira rallies after Turkey raises tariffs on United States imports

    Economy

    In retaliation, Turkey's doubled tariffs on USA passenger cars, coal and other goods and announced a boycott of US electronic goods. Turkish President Recep Tayyip Erdogan says his country will boycott USA -made electronic goods amid a diplomatic spat that has helped trigger a Turkish currency crisis.
  • Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

    Mnuchin Says Turkey Faces More Sanctions If Pastor Not Released

    Economy

    The Turkish lira hit a record low of 7.24 to the dollar this week, down 40 percent this year, as investors fretted over Erdogan's influence over monetary policy and the dispute with the United States. Analysts question the effectiveness of any Turkish boycott of us goods and view Turkey's tit-for-tat taxes - imposed Wednesday on American exports, including cars, tobacco and alcohol - as mostly symbolic because they have relatively little value to a global trade giant engaged in similar ...
  • China-US to resume trade talks after tit-for-tat tariff battle

    China-US to resume trade talks after tit-for-tat tariff battle

    Economy

    China said on Thursday a delegation would attend the next round of trade talks with USA counterparts in Washington later this month, in the latest bid to diffuse a conflict that has set world markets on edge. which is when Washington is due to activate additional tariffs on 16-billion dollars of Chinese goods, .an action Beijing has vowed to respond in kind to immediately.
  • Turkey fires back with tariffs on USA cars, alcohol, tobacco

    Turkey fires back with tariffs on USA cars, alcohol, tobacco

    Economy

    The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar, could be hit in the fallout. "Qatar has pledged $15 billion of direct investments in Turkey", presidential spokesman Ibrahim Kalin wrote on Twitter. Qatari Ambassador to Turkey Salem bin Mubarak Al Shafi said his country would continue supporting Turkey following recently-imposed US sanctions on the country.
  • Retail inflation at 9-month low; rate hike seems unlikely

    Retail inflation at 9-month low; rate hike seems unlikely

    Economy

    Nigeria's inflation fell from 11.23 to 11.14% for the month of July, statistics released by the National Bureau of Statistics (NBS) on Wednesday showed. The price of a typical United Kingdom house is now around £228,400, a £1,000 increase on the previous month. The rise in global fuel prices has led to a continuous increase in inflation in the fuel and light segment, Mr.
  • Turkey hikes tariffs on imports of several USA products

    Economy

    The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a U.S. pastor, as Qatar pledged US$15 billion in investment to Turkey, supporting a rise in the Turkish lira.