• Turkey's Gold Futures Trading Doubled During the Currency Crisis
Turkey's Gold Futures Trading Doubled During the Currency Crisis

Vice President Fuat Oktay tweeted that the new tariffs were retaliation for "the deliberate attack of the US administration on our economy", CNN said . In the wake of United States sanctions on Turkey, President Recep Tayyip Erdogan reached out to German Chancellor Angela Merkel to point out that it's in Germany's interest for Turkey to have...

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  • Draper identifies Utah firefighter killed battling huge blaze in California
Draper identifies Utah firefighter killed battling huge blaze in California

About 4,200 fires have charred 726,000 acres (294,000 hectares) in the state so far this year, according to figures from the California Department of Forestry and Fire Protection. He went on to explain that "active forest management" was a solution he wanted to implement to prevent more fires in the future, but some activists say that's just ...

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  • USA to double Turkey tariffs amid decline in relations
USA to double Turkey tariffs amid decline in relations

Countries like Turkey that are experiencing economic turmoil usually get sympathy from the rest of the world, said Torsten Sløk, chief worldwide economist for Deutsche Bank. "Tariffs on another country", said Rodriguez Valladares. "Before it is too late, Washington must give up the misguided notion that our relationship can be asymmetrical and co...

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  • Iran's Khamenei undermines USA sanctions, says nothing to worry about
Iran's Khamenei undermines USA sanctions, says nothing to worry about

In recent weeks Rouhani renewed the threat, saying that if sanctions threatened Iran's crude oil exports, the rest of the Mideast's exports would be threatened as well. Despite threats voiced by Washington, a number of countries have refused to bow to Trump's demands to cut ties with Iran. German Foreign Minister Heiko Maas warned Wednesday tha...

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  • Tesla CEO drops latest bombshell with $72B buyout proposal
Tesla CEO drops latest bombshell with $72B buyout proposal

Tesla's shares were up 6.5 percent at $363.46. Musk pledged earlier this month to post net profits in future quarters, and he said he expects to company to avoid returning to the markets for capital and to be self-funding going forward.

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  • As US prepares sanctions, Iran arrests former forex boss after currency collapse
As US prepares sanctions, Iran arrests former forex boss after currency collapse

The sanctions now being brought back were among those lifted under the 2015 deal between world powers and Tehran on curbing Iran's nuclear program. That will set up a showdown with the USA, with one official warning the USA will make sure the pressure is air-tight: "Make no mistake about it, we are very intent on using these authorities".

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  • Apple becomes world's first public company worth $1 trillion
Apple becomes world's first public company worth $1 trillion

The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. Since the inauguration of the iPhone back in 2007, Apple's shares have risen by 1,100%, jumping a third in the past year alone.

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  • Harley-Davidson to fight in India with smaller engine bikes
Harley-Davidson to fight in India with smaller engine bikes

Iconic American motorcycle manufacturer Harley-Davidson unveiled on Monday a global growth plan to revamp its US business with new products and cost-cutting measures, while also expanding internationally. Livewire will be supplemented by small and lighter electric motorcycles in the years leading up to 2022. While details are sketchy as of now, ...

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  • Trump Celebrates GDP Surge: America is Winning Again
Trump Celebrates GDP Surge: America is Winning Again

The GDP numbers, released today, show an improvement over the first quarter's 2.2 percent growth. "By increasing growth to 3 percent over the next 10 years, that would mean 12 million new American jobs and $10 trillion of new American wealth at least", he continued, adding that the numbers are sustainable.

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  • Mexican minister sees opportunity to advance stalled NAFTA talks
Mexican minister sees opportunity to advance stalled NAFTA talks

Lopez Obrador, who takes office December 1., said he was not aware of any deal Trump was referring to, but he was open to talking with the US, according to Bloomberg. He added that "the new president", referring to Mr. Lopez Obrador, is a "terrific person", adding the United States is talking to Mexico "about something very dramatic, very positive ...

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  • United States and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says
United States and European Union should ‘drop all Tariffs, Barriers and Subsidies’, Trump says

The Trump administration said it would use a Great Depression-era program to pay up to $12 billion to help U.S. farmers. The aid program will go into effect on September 4, right after Labor Day. to make it easier for our farmers to sell their goods at fair prices", Johnson said. "We're hoping that other countries will see that we're serious ...

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  • Trump offers help to farmers hit by escalating China trade war
Trump offers help to farmers hit by escalating China trade war

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to USA national security, an argument that the European Union and Canada rejects. "Ultimately we want to get our revenue from the markets", said Tom Bernhardt, who farms wheat, corn, sunflowers, and soybeans in Linton. The aid funding may also mean that Trump's ...

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  • Tesla to build first overseas plant in Shanghai
Tesla to build first overseas plant in Shanghai

The change represents a net price increase for Tesla buyers. The Shanghai agreement left two big outstanding questions. Tesla is the first automaker to reach this milestone, while General Motors has said that it expects to follow sometime later this year.

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  • Tesla Sues Ex-Employee for Hacking Nevada Operating System and Data Export
Tesla Sues Ex-Employee for Hacking Nevada Operating System and Data Export

According to the Washington Post , Tesla is accusing Tripp of not only the theft of sensitive data, but also leaking false and damaging information to the press. But Tripp said he tampered with no systems and shared information with the media only after seeing things that alarmed him within the company, including what he says were dangerousl...

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  • Iran rejects plan to raise oil output within OPEC
Iran rejects plan to raise oil output within OPEC

But Iran has called on the group to resist pressure from U.S. President Donald Trump , who moved to reimpose sanctions on Tehran last month after announcing he would pull the United States out of Iran's nuclear agreement with world powers.

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  • OPEC to boost oil production by 1 million barrels per day
OPEC to boost oil production by 1 million barrels per day

The "Declaration of Co-operation" agreement between Opec and allied non-Opec countries effective from January 1, 2017, has been very successful in balancing the market by reducing the overhang of a staggering 340mn barrels above the OECD (Organisation for Economic Co-operation and Development) five-year average commercial stock levels of 2.81bn bar...

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  • Markets Right Now: Stocks fall on fresh worries over trade
Markets Right Now: Stocks fall on fresh worries over trade

China clearly disagrees, which is why we believe we are heading into a tit-for-tat scenario, in which we believe the USA will soon raise the amount subject to tariffs to USD150bn. Companies also are watching the fate of ZTE Corp . The flags of the USA and China hang outside of 85 Broad Street, headquarters for the investment bank Goldman Sachs i...

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  • Prices Dip Slightly on Reports Iran May Agree to Small Production Hike
Prices Dip Slightly on Reports Iran May Agree to Small Production Hike

Speaking at the same event in Vienna , Iranian Oil Minister Bijan Namdar Zanganeh reiterated his country's resistance to hiking oil output and accused Trump of trying to politicise OPEC. OPEC will discuss possible changes to the supply-cut deal in the Austrian capital later this week. "Stay tuned." A decision to increase output could be taken with...

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  • One deputy killed, another in critical condition in Kansas City, Kansas
One deputy killed, another in critical condition in Kansas City, Kansas

The injured female deputy underwent surgery. The shooting is under investigation. Police Capt. Lionel Colón says Fulkerson had barricaded herself in a shed after she was seen outside with a sword. A juvenile was also shot, Birch said, and taken to a hospital. The Associated Press reported that one sheriff's deputy had been killed and another wa...

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  • China To Increase Import Duty On Electric Cars Coming From The US
China To Increase Import Duty On Electric Cars Coming From The US

Beijing's tariffs on United States goods will start on July 6 - the same day as Trump's announced restrictions - and will apply to agricultural products as well as cars. Another 280 or so still need to undergo a public comment period, and will take effect later. A senior Trump administration official told reporters that companies will be able ...

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