Markets
Turkey doubles tariffs on some USA imports; Turkish lira rallies
The promise of direct investment from Qatar , itself embroiled in an embargo dispute with Saudi Arabia, a USA ally, came after Mr Erdogan met the emir, Sheikh Tamim bin Hamad al-Thani, yesterday. "The president has a great deal of frustration (about) the pastor not being released", White House press secretary Sarah Sanders said Tuesday. Doha has $20 billion worth of investments in Turkey, off... [Full Article...]
Constellation Brands invests $5B to boost stake in pot producer Canopy Growth
Molson Coors Brewing Co. has started a joint venture with Hydropothecary Corp.to develop nonalcoholic, cannabis-infused beverages for the Canadian market. Linton added on the call, however, that it may become legal federally in the U.S. Through its subsidiaries, Tweed and Spectrum Cannabis, Canopy has established a global presence in 11 countries. [Full Article...]
White House press secretary apologizes for false claims on African-American jobs
Carlo Allegri/ReutersOmarosa Manigault claims President Donald Trump considered getting sworn in on his book, "The Art of the Deal", instead of the Bible. The White House has since defended President Trump after he called the former aide a "dog" . Many people echoed his sentiments in their replies. [Full Article...]
Turkey aims new tariffs at USA as court rejects pastor's appeal
Although the Turkish lira recovered modestly today, President Recep Tayyip Erdogan announced today a boycott of America's iPhone manufactured by Apple and other unspecified electronic products. Pastor Andrew Brunson's lawyer renewed an appeal on Tuesday for Brunson's release from house arrest and for his travel ban to be lifted. If Brunson is found guilty, he could face up to 35 years in... [Full Article...]
'Monster Hunter' on hold as China hits pause on new video games
China appears to have halted approvals of new online game licences, with reports on Wednesday (Aug 15) that a government shake-up was causing paralysis in the world's biggest gaming market. Gaming companies were often asked to alter their games before they can be released in the country. It has yet to receive a license to sell the updated version. [Full Article...]
Train season tickets to rise by up to £100
The cost of regulated rail fares such as annual season tickets will increase by 3.2% in January 2019, it has been confirmed. Scottish Labour condemned the "rip-off rail fare rise". The men and women who run the railway are being singled out while greedy train companies are let off the hook yet again. Season ticket prices are set based on the July inflation figures, which were released on Wedne... [Full Article...]
Turkey's president threatens boycott of iPhones, other USA electronics
Optimism about better relations with the European Union after a Turkish court released two Greek soldiers pending trial and a banking watchdog's step to limit foreign exchange swap transactions have also helped the lira . Trump in his first year in office expressed admiration for Erdogan and even congratulated the Turkish leader after a victory in a controversial referendum, but relations betwe... [Full Article...]
Erdogan spokesperson says problems with U.S. will be resolved
Turkey accuses Brunson of espionage and is holding him under house arrest pending his trial. Last month, US President Donald Trump threatened to "impose large sanctions on Turkey for their long time detainment" of the evangelical Christian pastor , calling for Brunson's immediate release. [Full Article...]