Markets

Markets Tesla Is Suing Ontario Over Cancelled Rebates Program
Author: 0 Tesla Is Suing Ontario Over Cancelled Rebates Program

The government of Canada made provisions for individuals who had just purchased or requested cars yet organized the progress program so as to prohibit Tesla, which does not use the franchised dealerships - a "arbitrary" rejection, Tesla claimed in the court file.

Markets Tesla's Board Said to Be on Lookout for Senior Talent, Not COO
Author: 0 Tesla's Board Said to Be on Lookout for Senior Talent, Not COO

On top of that, the company's battery Gigafactory outside Reno, Nevada is still only partially complete, and Musk has said that an announcement about a European plant will likely come by the end of this year. In the interview, Mr Musk revealed the physical and emotional toll of the past year as he sacrificed family milestones in the race to meet Tesla production targets.

Markets Watchdog subpoenas Tesla over Musk go-private tweet
Author: 0 Watchdog subpoenas Tesla over Musk go-private tweet

The order to compel the electric vehicle company to turn over additional information related to Musk's tweet , "typically requires the approval of top SEC officials", the New York Times reports. Their first new rule for Musk? Goldman Sachs confirmed to CNN on Wednesday that it is working with Tesla. Both Tesla and the SEC declined to comment on the matter.

Markets Turkish lira resumes fall after Trump sanctions threat
Author: 0 Turkish lira resumes fall after Trump sanctions threat

Qatar has promised to make a Dollars 15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said. U.S. support for Kurdish rebel groups fighting Islamic State fighters in northern Syria is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country.

Markets Euro nudges higher as U.S.-China trade talks calm…
Author: 0 Euro nudges higher as U.S.-China trade talks calm…

The United States and Turkey have imposed tit-for-tat tariffs in an escalating attempt by Mr Trump to induce Mr Erdogan into giving up the pastor. Turkey retaliated with some $533 million of tariffs on some US imports - including cars, tobacco and alcoholic drinks - and said it would boycott USA electronic goods, singling out iPhones.

Markets Turkish lira rallies as Qatar makes $15 bil. loan pledge
Author: 0 Turkish lira rallies as Qatar makes $15 bil. loan pledge

Police officers continued to patrol the area in which he is being kept under house arrest Thursday. Ankara accuses Mr Brunson - who operates a tiny evangelical church in Izmir - of having links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup two years ago.

Markets Google workers protest against secret China search engine ‘Dragonfly’
Author: 0 Google workers protest against secret China search engine ‘Dragonfly’

On Thursday, according to the New York Times , Google's chief executive told staff that development of the search engine was at an early stage and the company was not close to launching a search app in China . Outrage stems both from the nature of Dragonfly - a product that some employees feel violates the AI Principles - and that many employees only learned about the search product's existence from news reports , rather than their own bosses.

Author: 0 ‘We are cutting back on Turkey’

Gold prices shed over one per cent on Thursday to hit their lowest in more than 19 months, with the USA dollar holding steady near a recent peak as concerns about a Turkey crisis and China's economic health weighed on emerging market currencies.

Markets Death toll in Italian bridge collapse climbs to 39
Author: 0 Death toll in Italian bridge collapse climbs to 39

There would also be a 12-month state of emergency in and around Genoa, Conte added , with five million euros of funds going into recovery work. The cause is not yet known but there has been heavy criticism of the private company responsible for operating the bridge.

Markets Turkish lira weakens to 5.86, U.S. warns of more sanctions
Author: 0 Turkish lira weakens to 5.86, U.S. warns of more sanctions

The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar. Commenting on the move, the United States leader said: "I have just authorised a doubling of tariffs on steel and aluminium with respect to Turkey as their currency, the Turkish lira, slides rapidly downwards against our very strong dollar".

Markets China files WTO complaint against USA solar import tariffs
Author: 0 China files WTO complaint against USA solar import tariffs

But they also drove prices down by 60 percent, causing most US producers to stop production or declare bankruptcy, the US Trade Representative said in January. In order to protect its trade interests, China has deemed necessary to resort to the WTO dispute settlement mechanism. Trump, in recent months, has frequently complained that other countries are treating the U.S.as a "piggy bank" and that the U.S.is being "robbed" by their trade policies.

Markets Qatar pledges $15 billion to invest in Turkey
Author: 0 Qatar pledges $15 billion to invest in Turkey

The tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said, in an apparent parallel response to Trump´s move. However, the currency remains volatile, with no signs of interest rate rises to combat high inflation and an overheating economy. "President Erdogan appears to be playing a risky game if he thinks he can come out on top in this spat with the United States", he commented.

Markets Turkey's Erdogan Threatens Boycott of US Goods
Author: 0 Turkey's Erdogan Threatens Boycott of US Goods

The United States' top diplomat in Turkey, Jeffrey Hovenier, visited Brunson on Tuesday and called for his case - and those of others detained in Turkey - to be resolved "without delay" and in a "fair and transparent manner". The move failed to impress financial markets , however, which want the authorities to hike interest rates sharply to combat the lira s weakness and fight inflation.

Markets Bitcoin price keeps falling and just dipped below $6,000
Author: 0 Bitcoin price keeps falling and just dipped below $6,000

Bitcoins dominance comes as no surprise as it remains the most notable cryptocurrency in the world, even the person with the faintest idea of cryptos recognizes that bitcoin is the mother of them all. The price of the cryptocurrency also dropped while Bitcoin dominance increases. "Based on the analysis of Woo, a likely scenario for Bitcoin and the rest of the crypto market is to record another major drop in the near future, bottoming out at a lower range of prices, and demonstrating ...

Markets Qatar Rescues Turkey With $15 Billion
Author: 0 Qatar Rescues Turkey With $15 Billion

Washington has imposed sanctions on Ankara over the detention of an American pastor, Andrew Brunson . Turkish Finance Minister Berat Albayrak, who is Erdogan's son-in-law, and his Qatari counterpart Ali Sharif Al-Emadi were present at the talks in the capital Ankara .

Markets China, US To Hold Lower-Level Trade Talks In Late August
Author: 0 China, US To Hold Lower-Level Trade Talks In Late August

BMI Research said oil markets would "struggle for direction, as uncertainty around both the impact on supply from the Iranian sanctions and escalating trade tensions between the U.S. U.S. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.2 percent, at $65.17 a barrel, held back somewhat by rising U.S. crude production and storage levels.

Markets UK Jobless Rate Falls to 43-Year Low, but Pay Growth Weakens
Author: 0 UK Jobless Rate Falls to 43-Year Low, but Pay Growth Weakens

However, average earnings increased by 2.4 per cent in the year to June, down from 2.5 per cent the previous month and equal to the current the rate of inflation. There are 780,000 people in employment on "zero-hours contracts" in their main job, 104,000 fewer than for a year earlier. Flash figures for the second quarter show output per hour rose 0.4%, leaving productivity up just 1.5% year-on-year - below the rates enjoyed before the financial crisis.

Markets Corona beer parent company bets big on marijuana
Author: 0 Corona beer parent company bets big on marijuana

Earlier this month, Molson Coors Canada entered into a joint venture with the Hydropothecary Corp.to develop non-alcoholic cannabis-infused products. With its new deal, Constellation is paying a 38 percent premium to Canopy's five-day average price, taking its ownership in the company to 38 percent.

Markets Putin and Merkel to meet in August
Author: 0 Putin and Merkel to meet in August

Among other topics will be bilateral trade ties, Ukraine and Syria and large worldwide commercial projects, Kallanish Energy learns. Relations have been tense between Russia and Western powers, including Germany , over a range of issues, from the Ukraine and Syria conflicts to charges of Russian cyber-attacks and election meddling in several North Atlantic Treaty Organisation member countries.

Markets Erdogan to boycott iPhones as Turkey's feud with USA escalates
Author: 0 Erdogan to boycott iPhones as Turkey's feud with USA escalates

The CBOE Volatility Index, Wall Street's so-called "fear gauge", jumped to a more than six-week high of 16.86, showing rising demand for protection against a near-term drop in US stocks. Brunson was arrested in 2016 on charges of participating in a failed military coup against Erdogan's government. "The president has a great deal of frustration (about) the pastor not being released" press secretary Sarah Sanders said.

Markets Asian shares mostly lower despite easing of fears over Turkey
Author: 0 Asian shares mostly lower despite easing of fears over Turkey

Turkey's central bank also earlier announced measures to help its banks , but economists say that what's needed is an interest rate increase of several percentage points. The dollar, which has rallied since the Turkish lira crisis exploded last week, gained 0.1 percent to 96.463 against a basket of major currencies .

Markets Qatar promises $15B investment in Turkey - presidency
Author: 0 Qatar promises $15B investment in Turkey - presidency

Washington's move came during an ongoing dispute over Turkey's holding of an American pastor for two years on charges of military espionage and spying for terror groups. Tension has grown after weeks of the conflict over the detention of US pastor Andrew Brunson and sanctions related to his arrest, a crisis that's sacked the Turkish lira .