• Turkey's president calls lira plunge
Turkey's president calls lira plunge "plot", threatens to seek new alliances

The crisis has been sparked by a series of issues including a faltering economy-the central bank has defied market calls for rate hikes-and tensions with the United States, which has hit Turkey with sanctions over its detention of an American pastor.

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  • Tesla surges after Elon Musk offers details about his 'financing secured' tweet
Tesla surges after Elon Musk offers details about his 'financing secured' tweet

On Tuesday he tweeted that he had secured funding to buy all Tesla shares and take the company private. The other suit claims that with media reports confirming the dozen banks and investor funds usually involved in Silicon Valley tech deals were not committed to fund a Tesla buyout, Musk's tweet was false and dishonest.

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  • How major U.S. stock indexes fared Thursday
How major U.S. stock indexes fared Thursday

Shares of Apple rose 1 percent , while those of Amazon were up 0.8 percent and Microsoft 0.4 percent. Meanwhile, concerns over escalating trade conflict between the US and China weighed on the trade-sensitive S&P 500 Industrials Index, which ended up losing 0.57% on the day.

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  • Ryanair cancelled flights list: Travel advice as pilots stage walkout
Ryanair cancelled flights list: Travel advice as pilots stage walkout

Around 250 flights have been cancelled as a result, forcing passengers who planned on travelling on Friday to rebook or take different routes. Ryanair has refused to issue a list of the flights cancelled, but The Times understands that at least 50 departures from the United Kingdom have been called off, with more than 250 cancelled in Ireland ...

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  • Trump doubles tariffs on Turkish metals
Trump doubles tariffs on Turkish metals

This is double the level the president imposed on a range of countries earlier this year, including European Union member states. Turkey's currency fell Friday after its economy was rattled by the United States' move to slap the country with more tariffs .

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  • Crude slides after China announces tariff on USA oil products
Crude slides after China announces tariff on USA oil products

Several large American companies have said they would adjust their supply chains to source outside of China if tariffs on Chinese goods impacted them, while China's Haier Group (1169.HK) said rising steel prices amid hefty us import tariffs was driving up costs for its business in America.

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  • Oil rises as USA sanctions on Iran stoke supply worries
Oil rises as USA sanctions on Iran stoke supply worries

Under the arrangement, Iran's oil payments were deposited into accounts in oil-importing countries and used by Tehran to buy goods. Oil production is down 45.8% to 1.3 million barrels per day since the end of 2015. Iraqi Prime Minister Haider al-Abadi said his country opposes sanctions on Iran, but will abide by them to protect its own interest...

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  • Tesla’s Big Question: Better or Worse Off as Private Company
Tesla’s Big Question: Better or Worse Off as Private Company

Investors were asking whether he really does have the equity or debt lined up to make it happen. Musk's tweets caused a flurry of activity in financial markets. That kind of money may be accessible through sovereign wealth funds or other strategic investors, said Dwight Scott, president of Blackstone Group LP's GSO Capital Partners.

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  • Dead fetus reportedly found on plane from Charlotte at LaGuardia Airport
Dead fetus reportedly found on plane from Charlotte at LaGuardia Airport

In a statement to Radar, the Office of the Chief Medical Examiner in NYC said they are "investigating" the discovery. "Please contact law enforcement for additional information". The airline warned customers to expect possible delays as it reshuffled its jets to accomodate the investigation. The airbus was out of service at the time, after arri...

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  • Ottawa brewer not interested in tapping into buck-a-beer
Ottawa brewer not interested in tapping into buck-a-beer

But other Ontario craft breweries have made it clear that they have no intention to take part in the program, with Great Lakes Brewery posting on Twitter that they "believe in our brands, take pride in our quality and firmly feel that are current prices are very fair", and Hometown Brew Co.

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  • Trump Claims Tariffs 'Working Far Better' Than Anticipated
Trump Claims Tariffs 'Working Far Better' Than Anticipated

Washington is expected to soon implement more tariffs on $21 billion in additional Chinese goods, which China has already announced it will match immediately. Throughout all of this, the United States continues to criticise China's trade practices as "unfair" because of the domestic win-win relationship between central government and privat...

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  • Elon Musk tweets he may take Tesla private
Elon Musk tweets he may take Tesla private

In his typically unorthodox fashion, the eccentric Mr Musk dropped his bombshell on his Twitter account, which he has used as a platform for pranks, vitriol and now for a proposal to pull off one of the biggest buyouts in United States history.

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  • Pepsicos Indra Nooyi stepping down as CEO
Pepsicos Indra Nooyi stepping down as CEO

Ramon Laguarta , 54, who has been a candidate to take over since a promotion last year to president, will be just the sixth CEO in the 53-year history of the company. Nooyi's most significant legacy, leading the company's transformation mainly in snacks, has been visible across markets. He became president of PepsiCo a year ago, overseeing its glob...

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  • Facebook asks USA banks for financial info to boost user engagement
Facebook asks USA banks for financial info to boost user engagement

The social media giant has reportedly had talks with JPMorgan Chase , Wells Fargo , Citigroup , and US Bancorp to discuss proposed features including fraud alerts and checking account balances via Messenger. Facebook is now facing multiple investigations related to its ties to Cambridge Analytica , the political analytics company that accesse...

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  • Conor McGregor to return to UFC with October title bout
Conor McGregor to return to UFC with October title bout

Of course, McGregor just had to finish out a plea agreement in NY after he went on an all-out assault on a bus back in April in an attempt to get to Nurmagomedov after he was involved in an altercation with Nurmagomedov's teammate Artem Lobov ahead of UFC 223.

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  • China threatens new tariffs on $60 billion of US goods
China threatens new tariffs on $60 billion of US goods

Cheniere Energy Inc., which began exports in February 2016 from a US gas market glutted with the fuel, fell on the news. "After years of rebuilding foreign countries, we are finally rebuilding our country", said Trump , who tweeted about how he is using tariffs to negotiate fair and reciprocal trade deals before the rally.

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  • OPEC oil production increases on Saudi Arabia's output promise
OPEC oil production increases on Saudi Arabia's output promise

At 1010 GMT, the October ICE Brent crude futures contract was down 10 cents from Thursday's settle at $73.45/b, while the NYMEX WTI September contract edged down 3 cents to $68.93/b. With the production increases made since then, they've succeeded: compliance was at 104 percent in July. According to two officials, the USA hasn't been able to pers...

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  • US job growth slows in July, unemployment rate dips
US job growth slows in July, unemployment rate dips

Education and health services added 22,000 jobs last month, the fewest since October 2017, after boosting payrolls by 69,000 jobs in June. The gains came from white-collar professional firms as well as manufacturing which filled 37,000 jobs.

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  • RBI Credit Policy: Will loans be cheap or expensive? Decision today
RBI Credit Policy: Will loans be cheap or expensive? Decision today

The Monetary Policy Committee (MPC ) voted unanimously to increase Bank Rate by 0.25 percentage points, to 0.75%. Laith Khalaf, a senior analyst at Hargreaves Lansdown, says: "Today's decision by the Bank of England to raise interest rates above 0.5% for the first time since the financial crisis is a symbolic one".

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  • Crude Price Suffers Over US-China Trade War
Crude Price Suffers Over US-China Trade War

Meanwhile, the tensions between Washington and Beijing is scaring hedge funds away from an increasingly volatile oil market, according to Bloomberg , with money managers' total positions in the USA benchmark and Brent having slid to the lowest since 2016.

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  • Oil Rises On Tight Supply Outlook
Oil Rises On Tight Supply Outlook

Meanwhile, "the escalation of a trade war between the US and China would reduce crude demand in the long term" and that concern could weigh on oil prices, Tate said. The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends Wednesday.

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  • Apple is the world's first trillion dollar company
Apple is the world's first trillion dollar company

Apple's stock price climbed to a new high of $208.38 around 2 p.m., Eastern time today, pushing its market cap past that $1 trillion mark. Cook is correct in his assessment that market cap alone is not the best measure of success - all one needs to do is read up on Petrochina , the Chinese oil giant that reached a $1 trillion market cap in 2007...

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  • China to Respond If US Provokes Escalation of Trade War - Foreign Ministry
China to Respond If US Provokes Escalation of Trade War - Foreign Ministry

It's the same story for liquefied natural gas (LNG), with only one US cargo booked for arrival in August, and it departed the Gulf of Mexico on July 1, before much of the current escalation in the trade dispute. Oxford Economics and the US-China Business Council suggest that if the data were adjusted for intermediate goods, the deficit would be cut...

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  • China plans tariffs after latest U.S. trade threat
China plans tariffs after latest U.S. trade threat

The United States reached a surprise deal on trade last week under which Washington agreed not to put any new tariffs on imports from the European Union, forestalling a possible 25 percent levy on auto imports the Trump administration has been considering.

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  • China threatens tariffs on $60 billion in USA goods
China threatens tariffs on $60 billion in USA goods

China's commerce ministry affirmed that the decision came in response to the USA move this week to increase proposed tariffs on $200 billion of Chinese goods from a 10 percent rate to 25 percent, the Financial Times reported. Kudlow, who heads the White House's National Economic Council, said China was increasingly isolated in the trade arena, ...

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  • Apple (AAPL): $1 Trillion Is Just the Beginning
Apple (AAPL): $1 Trillion Is Just the Beginning

Apple Inc became the first US-based company with a market value of $1 trillion, four decades after it was co-founded by Steve Jobs in a Silicon Valley garage and later revolutionized the worlds of computing, music and mobile communications.

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  • Tax-Free Holiday: Sales during school supply tax holiday weekend
Tax-Free Holiday: Sales during school supply tax holiday weekend

For the impulse buyers out there, there is no rule that purchases made during Tax Free Weekend have to be final. It's a great time to save money on school supplies and back-to-school clothes . 7-9 and the Disaster Preparedness Sales Tax Holiday on the last weekend of May. School supplies shall also include computer software having a taxable va...

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  • India raises key interest rate for second time to stave off inflation
India raises key interest rate for second time to stave off inflation

The Reserve Bank of India increased the repo rate by 25 basis points, for the second consecutive time, to 6.50 percent in its August bi-monthly monetary policy announced on Wednesday. Figures released Thursday by the Organization for Economic Cooperation and Development showed global inflation hit a four-year high in June. Impact on Bank Fix...

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  • Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion
Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.6 per cent down, dragged lower by a 1.8-per-cent fall in Chinese H-shares. Technology companies like Apple , Amazon and Alphabet-the parent company of Google-appear to have taken the lead in high market value.

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  • Chipotle Mexican Grill (CMG) Receiving Positive Media Coverage, Report Shows
Chipotle Mexican Grill (CMG) Receiving Positive Media Coverage, Report Shows

Follow Chipotle's stock price in real-time here . According to the website, three reports were made on July 29 and July 30, indicating that at least nine customers fell sick after eating at the Powell location. Chipotle management said it was unable to get in touch with the health department to report the illnesses. "If this story gains tractio...

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