Markets
World's oil cushion could be stretched to the limit, IEA warns
Adding to the bearish mood were signs of a possible relaxation of USA sanctions on Iranian crude exports. Washington had previously said countries must halt all imports of Iranian oil from November 4 or face US financial restrictions, with no exemptions. [Full Article...]
Trump slams Pfizer and other drug companies over high prices
The return of the price to its pre-July 1 was first broadcast by Trump in a tweet , in which he characterized it as "rolling back price hikes, so American patients don't pay more ". Those include Viagra, cholesterol drug Lipitor and arthritis treatment Xeljanz, according to Wells Fargo. By contrast, few other large brand-name drug makers took similar steps, since most companies prefer to keep ... [Full Article...]
Erdogan assumes greater powers as Turkey's new era begins
PICTURE BY SALIM HENRY/STATE HOUSE ©2018PRESIDENT Edgar Lungu was yesterday among 22 Heads of State and foreign dignitaries invited to attend Turkish President Recep Tayyip Erdogan's inauguration ceremony in the capital, Ankara . The introduction of the new presidential system marks the biggest overhaul of governance since the republic was established on the ruins of the Ottoman Empire almost... [Full Article...]
Bank of Canada Raises Key Interest Rate To 1.50%
The Bank of Canada will also release its updated economic projections today in its latest edition of its quarterly monetary policy report . In particular, the Bank is monitoring the economy's adjustment to higher interest rates and the evolution of capacity and wage pressures, as well as the response of companies and consumers to trade actions. [Full Article...]
Jet Blue crew helps dog in distress
The 3-year-old bulldog's tongue began to turn blue and she was having difficulty breathing. Darcy, the French bulldog owned by Steven and Michele Burt of Westminster, Mass., receives oxygen on a JetBlue flight Thursday, July 5, 2018.One of JetBlue's flight attendants poses with Darcy after the bulldog received oxygen on a JetBlue flight Thursday, July 5, 2018. [Full Article...]
U.S. Poised to Publish $200 Billion China Tariff List
That second round will be derived from a list already released by the US Trade Representative . "China is forced to strike back to safeguard core national interests and the interests of its people", the Commerce Ministry said in a statement to CNN last week. [Full Article...]
Turkey’s Transformation: Erdogan Sworn In With New, Sweeping Powers
Investors were waiting to see whether cabinet appointees would include individuals seen as market-friendly, and particularly whether Mehmet Simsek, now deputy prime minister, would continue to oversee the economy. He vowed to "remain loyal to the rule of law, to the democratic and secular republic, and to Ataturk's principles and reforms". Erdogan took the oath of office on Monday in the Turki... [Full Article...]
Family: Woman on oxygen dies after power cut off to her home
It was so hot in here, she couldn't breathe - it was unbearable". The family used a smaller reserve, and when that was empty, they called EMS. "One rep told me to stop calling, that there were too many tickets in the system", said Desiree , " PSEG said, 'Oh, we're on our way, ' kept telling us that, but no one showed up". [Full Article...]