Is This the Break With Saudi Arabia We've Been Waiting For?

Oil futures rose on Monday on concerns about supply, while stocks in Saudi Arabia fell sharply on Sunday. Mohammed Zidan, market strategist at Thinkmarket in Dubai , said the drop in Saudi stocks was the result of panic selling because of seve... More..

by | Published 1 days ago
Turkey has audio of Saudi writer's killing, reports say
by | Sunday, October 14, 2018

Turkey has audio of Saudi writer's killing, reports say

On Sunday, stocks on the Tadawul All-Shares Index plummeted 7% in early trading, wiping out all the gains made this year, before recovering slightly around noon. Mr Trump has said his administration won a $110 ...More..

Bipartisan Senate Group Forces U.S. Probe of Saudi Journalist's Disappearance
by | Friday, October 12, 2018

Bipartisan Senate Group Forces U.S. Probe of Saudi Journalist's Disappearance

The Spectator reported claims that Mr Khashoggi had been offered a role as an adviser if he returned to Saudi Arabia but had declined because of "moral and religious" principles. "But as to whether or not w...More..

China trade war and Brexit threaten global growth says International Monetary Fund
by | Thursday, October 11, 2018

China trade war and Brexit threaten global growth says International Monetary Fund

The International Monetary Fund (IMF ) today warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. US President Donald Tr...More..

Michael expected to gain hurricane strength as it approaches Florida
by | Tuesday, October 09, 2018

Michael expected to gain hurricane strength as it approaches Florida

Hurricane Michael is approaching northern Florida and as Gov. Rick Scott expanded his state of emergency declaration to include Manatee County, local officials are urging residents to be prepared but hav...More..

British former foreign secretary challenges PM's Brexit plan
by | Sunday, October 07, 2018

British former foreign secretary challenges PM's Brexit plan

He added: "She did say she is doing her best and she is hopeful". "Some people have lost sight of the fact that political differences are not everything... For millions of young people all they have known i...More..

Toyota recalls 2.4 million hybrids over stalling risk
by | Saturday, October 06, 2018

Toyota recalls 2.4 million hybrids over stalling risk

In a statement from Toyota cited by Reuters, the Japanese vehicle giant said the fault arises when the cars fail to enter "fail-safe driving mode as intended". The National Highway Traffic Safety Administrati...More..

Tesla misses one Model 3 goal, hits another, faces stiff Chinese tariff
by | Wednesday, October 03, 2018

Tesla misses one Model 3 goal, hits another, faces stiff Chinese tariff

The SEC charges against Musk shaved about $7 billion off Tesla's value. Those results-they're not now scheduled, but last year's were announced on November 1-could be particularly noteworthy, with Musk ...More..

Tesla Shares Rise After SEC Lawsuit Leaves Musk as CEO
by | Tuesday, October 02, 2018

Tesla Shares Rise After SEC Lawsuit Leaves Musk as CEO

Shares of Tesla ( TSLA ) surged in early trading Monday after the SEC settled a lawsuit accusing the company's founder and CEO Elon Musk of defrauding investors when he tweeted last month that he was cons...More..

by | Friday, September 28, 2018

Justin Trudeau says Canadians are tough negotiators

He added: "We're very unhappy with the negotiations and the negotiating style of Canada". Trudeau and Trump were captured on camera briefly shaking hands on Tuesday during a luncheon for world leaders. A nu...More..

by | Thursday, September 27, 2018

Oil eases, but Iran sanctions keep Brent above $80 a barrel

He said: " OPEC and OPEC nations are as usual, ripping off the rest of the world , and I don't like it, nobody should like it". However, oil prices rising is nothing new in the face of the global market. He s...More..

Michael Kors Close to Deal for Versace
by | Thursday, September 27, 2018

Michael Kors Close to Deal for Versace

And it comes as the Michael Kors business still hasn't been turned around, despite some progress made. A spokesman for Blackstone had no comment. French fashion houses including Paris-based Kering were amon...More..

Big Tobacco to Benefit from FDA Crackdown on E-Cigarettes
by | Sunday, September 16, 2018

Big Tobacco to Benefit from FDA Crackdown on E-Cigarettes

The FDA is calling the use of e-cigarettes by young people an epidemic. "E-cigs have become an nearly ubiquitous - and unsafe - trend among teens", the commissioner said in a statement . The steps announced W...More..

by | Tuesday, September 11, 2018

China promises retaliation if Trump imposes more tariffs

Sedans and other small cars are falling out of favor with Americans. Recently though, the Trump administration, as a part of its trade war with China chose to impose a heavy 25 per cent tariff on all cars i...More..

Apple can avoid tariffs by shifting production to U.S.
by | Sunday, September 09, 2018

Apple can avoid tariffs by shifting production to U.S.

Trump has already imposed 25% tariffs on $50 billion worth of Chinese goods, mostly industrial machinery and intermediate electronics parts, including semiconductors. This week, Apple said that a proposed new r...More..

Elon Musk making hasty promotions to rebuild Tesla as top execs leave
by | Sunday, September 09, 2018

Elon Musk making hasty promotions to rebuild Tesla as top execs leave

Toledano, who has been on leave of absence from the company, said she would not be returning to the company. Shares of Tesla fell Friday morning. Elon Musk sipped whiskey and smoked marijuana during a t...More..

Obama speaks out against Trump and attacks 'politics of fear and resentment'
by | Saturday, September 08, 2018

Obama speaks out against Trump and attacks 'politics of fear and resentment'

The president was widely censured by officials from across the political spectrum, and later clarified that he condemned neo-Nazis and white supremacy. He is a symptom, not the cause. Obama delivered a speech...More..

Buhari Participates In China-Africa Cooperation Forum
by | Tuesday, September 04, 2018

Buhari Participates In China-Africa Cooperation Forum

The two-day China-Africa summit is expected to focus on Xi's cherished Belt and Road initiative, a global trade infrastructure program. Belt and Road, Xi said, "is not a scheme to form an exclusive club or bl...More..

Elon Musk Won't Attend Burning Man Amid Tesla Turmoil
by | Thursday, August 30, 2018

Elon Musk Won't Attend Burning Man Amid Tesla Turmoil

Replying to a person's tweet about the incident, Musk on Tuesday said , "You don't think it's unusual [Unsworth] hasn't sued me?" Mr Musk responded with a series of tweets, casting doubt on Mr Unsworth's cha...More..

Trump Organization executive Allen Weisselberg receives immunity deal
by | Monday, August 27, 2018

Trump Organization executive Allen Weisselberg receives immunity deal

A spokesperson for the U.S. Attorney's Office in Manhattan, which has been leading the Cohen probe, declined to comment, as did the White House . Weisselberg was also treasurer of The Donald J. Weisselberg w...More..

As Trump goes low, Fed goes high
by | Monday, August 27, 2018

As Trump goes low, Fed goes high

The Fed in June increased interest rates for the second time this year, and pencilled in two more rate hikes for the year. With unemployment so low, "why isn't the (Federal Open Market Committee) tightening...More..

Gatwick flight information screens fail
by | Tuesday, August 21, 2018

Gatwick flight information screens fail

Photos and videos posted on social media showed airport staff updating flight information by listing flight numbers, destinations, status, and gate numbers in black, red and green ink, and rubbing the writing o...More..

Turkey's president says country will defy economic threats
by | Sunday, August 19, 2018

Turkey's president says country will defy economic threats

ANKARA - A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy. ...More..

Turkish lira weakens as U.S. warns of new sanctions over detained pastor
by | Saturday, August 18, 2018

Turkish lira weakens as U.S. warns of new sanctions over detained pastor

It has lost almost 40 per cent of its value against the dollar this year, hit by both the diplomatic rift and investor alarm about President Tayyip Erdogan's influence over monetary policy. "It is a shame", Erd...More..

Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal
by | Thursday, August 16, 2018

Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal

Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation. Turkey on Wednesday said it was hiking tariffs on imports of sev...More..

More than 100 large wildfires in USA as six new blazes erupt
by | Wednesday, August 15, 2018

More than 100 large wildfires in USA as six new blazes erupt

Eight civilians have also been killed in the blazes across the state. While it's not the largest burning in the state, the Holy Fire has raised concerns about effects on residential communities. "My heart a...More..

Trump authorizes doubling of steel, aluminum tariffs on Turkey
by | Tuesday, August 14, 2018

Trump authorizes doubling of steel, aluminum tariffs on Turkey

Trump said he had authorised higher tariffs on imports from Turkey, imposing duties of 20 percent on aluminium and 50 percent on steel. "Our relations with Turkey are not good at this time!" the President tw...More..

Turkey to say 'bye bye' to ally opting for terrorists
by | Monday, August 13, 2018

Turkey to say 'bye bye' to ally opting for terrorists

Since some of Turkey's debt is in dollars, it's also making the country's financial situation worse. The lira dropped by 17 percent against the United States dollar at one point on Friday, which has peopl...More..

U.S. general slams leader of Iran's Quds Force
by | Friday, August 10, 2018

U.S. general slams leader of Iran's Quds Force

French vehicle manufacturer Renault also said it would be complying with U.S. sanctions, having previously announced plans to increase production capacity in the country. More sanctions targeting Iran's oil...More..

Trading in Tesla stock suspended after Musk tweet on going private
by | Wednesday, August 08, 2018

Trading in Tesla stock suspended after Musk tweet on going private

Mr Musk's statement came at a time when the electric vehicle maker faces financial constraints, and barely a week after the company announced it had made its biggest net loss to date of $717.5m (£547.6m) duri...More..

Apple is first public company worth $1 trillion
by | Saturday, August 04, 2018

Apple is first public company worth $1 trillion

The iPhone and MacBook maker has seen its stock rise over 50,000% since it was first listed as a public company in 1980. Since the death of legendary Apple co-founder and pitchman Steve Jobs in 2011, an...More..

'Mind-blowing plunge': Facebook value drops by $100 billion+
by | Friday, July 27, 2018

'Mind-blowing plunge': Facebook value drops by $100 billion+

It is among the biggest single-day falls in USA stock market history. Facebook also missed the revenue projections of most analysts for the second quarter. on TV commercials to assure users it's fixing ...More..

Trump warns Turkey of sanctions if US pastor not freed
by | Friday, July 27, 2018

Trump warns Turkey of sanctions if US pastor not freed

Commission on International Religious Freedom, in response to the ruling. "He is suffering greatly", Trump said of 50-year-old pastor Andrew Brunson . Erdemir continued, "Such a dirty deal would not only be ...More..

Trump Announces Plan To Work With EU To Strengthen Trade Relationship
by | Thursday, July 26, 2018

Trump Announces Plan To Work With EU To Strengthen Trade Relationship

He warned that those who pursue "economic hegemony" will "only end up hurting themselves". "We agreed today, first of all, to work together toward zero tariffs, zero nontariff barriers and zero subsidies on n...More..

Ahead of EU Meeting, Trump Rails at Domestic Critics
by | Thursday, July 26, 2018

Ahead of EU Meeting, Trump Rails at Domestic Critics

Because it's an existing program, congressional approval isn't necessary. And the general reaction from farmers, many of whom would benefit from the payments, is that it's a short-term fix that won't work...More..