Sunday November 18-th, 2018

Monsanto: Bayer stock price plunges after $289 million Roundup cancer ruling Monsanto: Bayer stock price plunges after $289 million Roundup cancer ruling

It was a market reaction to a California court ruling last Friday when a dying groundskeeper was awarded damages of nearly $290 million, with the judges finding that Monsanto - now belonging to Bayer - should have warned buyers that its flagship R...

Turkish President calls for iPhone boycott Turkish President calls for iPhone boycott

But Sanders, at a Tuesday press briefing, declined to say how the USA government plans to apply more pressure on Ankara, which repeatedly has ignored calls from Trump and others to free Christian pastor Andrew Brunson . Asked how the Trump admin...

Hallquist Becomes First Transgender Candidate To Win Major Party Nom For Governor Hallquist Becomes First Transgender Candidate To Win Major Party Nom For Governor

They are not going to elect me because of the fact that I'm transgender - that's the reality", Hallquist said , adding: "Obviously, nationwide it's significant, the first transgender governor. Only 18 per cent of Democratic respondents in the same p...

Turkey’s lira crisis threatens to undermine global economy Turkey’s lira crisis threatens to undermine global economy

In response, U.S. President Donald Trump last week announced plans to double tariffs on imports of Turkish steel and aluminum. The government of President Recep Tayyip Erdogan has so far refused to employ the traditional remedy of sharply raisi...

Oil Ticks Up Amid Supply Risks Oil Ticks Up Amid Supply Risks

Opec has revised down its forecast oil demand growth by 20,000 barrels a day from last month's report, to 1.64 million barrels a day this year. Market participants awaited industry data on Tuesday from the American Petroleum Institute (API) that an...

Turkey to boycott USA electronics, including iPhone Turkey to boycott USA electronics, including iPhone

The current crisis was sparked by Ankara's refusal to release pastor Andrew Brunson , who is now under house detention on terror-related charges and espionage. Its drop of as much as 18 percent on Friday hit European and US stocks as investors f...

Scots unemployment rate down slightly to 4.2%

The unemployment rate for the United Kingdom as a whole fell to 4%, the lowest for more than 40 years, while the employment rate hit 75.6%. After increasing sharply during the financial crisis, the UK's unemployment rate has been rapidly dropping...

Erdogan says crash of lira 'political plot' against Turkey Erdogan says crash of lira 'political plot' against Turkey

Also, a diplomatic spat with the USA is resulting in sharply higher tariffs on Turkish steel and aluminum. Erdogan has not backed down over the rift with the U.S. If anything, the drop in the lira is making us a lot more money right now, so we're...

Musk in talks with Saudi fund, others on Tesla buyout Musk in talks with Saudi fund, others on Tesla buyout

Reuters reported that Silver Lake had not been retained as a financial advisor but was offering assistance to Musk, according to a source familiar with the matter. The announcement represents the latest effort by Musk to add credibility to his prop...

Stocks drop on Monday as Turkey lira crisis continues Stocks drop on Monday as Turkey lira crisis continues

Saying that the USA is going through a "strategic confusion" due to its domestic politics, Cavusoglu called its North Atlantic Treaty Organisation ally to realise "each of us matters". "We are once again facing a political, underhand plot". "We wil...

Turkey must ensure independence of central bank: Merkel Turkey must ensure independence of central bank: Merkel

Turkey's troubles also dampened USA stock markets, driving losses in all three major indexes by Monday afternoon. Istanbul/Ankara: Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to pr...

Firefighter dies battling Northern California's Mendocino Complex blaze Firefighter dies battling Northern California's Mendocino Complex blaze

The MAFFS system can literally be rolled onto a number of different aircraft, including the legendary C-130 Hercules, allowing for integral air support in the firefighting effort without the need (and expense) of an entire fleet of dedicated firefi...

Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low Rupee Crosses 70 Per Dollar! Indian Currency Hits All-Time Record Low

The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade. However, according to an Economic Times report, Turkish lira , Russian ruble, Argentine peso have significantly weakened against the dollar. In India, on ...

Erdogan vows action against 'economic terrorists' over lira plunge

Here is a look at some of the reasons behind the plunge and how it might affect the rest of the world. The markets remain unconvinced that Erdoğan's government can cope with the currency crisis, triggered by the diplomatic spat with Washington that...

Asian, European stocks tumble as Turkish lira sinks further Asian, European stocks tumble as Turkish lira sinks further

Experts, however, said they were sceptical that Turkey could find the support it needed from non-western countries. Such worries mounted as the plunging lira dragged down currencies in developing countries such as South Africa, Argentina, Mexic...

Turkey takes action in bid to curb currency crisis Turkey takes action in bid to curb currency crisis

The first warning sign trouble could be afoot came when Trump said on July 26 Turkey would be facing sanctions over its holding for nearly two years of USA pastor Andrew Brunson on terror-related charges. The detention of an American pastor in ...

Seattle plane crash devastates family, raises questions on airport security Seattle plane crash devastates family, raises questions on airport security

Russell flew wild loops over Puget Sound, screamed low over frightened onlookers and had existential - and, at turns, freakish - chats with air traffic controllers as two Air Force F-15 jets gave chase. Horizon Airline CEO Gary Beck expressed surpr...

Turkey's finance minister promises economic action plan Turkey's finance minister promises economic action plan

A bigger danger is that Turkey's crisis will spill over into other emerging market economies and there were signs on Monday that other countries seen as vulnerable were coming under speculative attack. Tensions between Turkey and the United State...

Giant Saudi fund emerges as backer of bid for Elon Musk's Tesla Giant Saudi fund emerges as backer of bid for Elon Musk's Tesla

The amount of funding needed would depend on how many current investors want to remain part of the $60.9 billion company if it goes private. Musk said he had a July 31 meeting with representatives of the Saudi Arabia sovereign fund and left it "with ...

Tesla’s Model 3 production head has returned to Apple Tesla’s Model 3 production head has returned to Apple

Doug Field - who previously served head of Tesla Model 3 production until his April reassignment by CEO Elon Musk - opted to take a leave of absence in May in order to spend time with family and recover his energy. Come July, however, Tesla an...

British pound falls lower against dollar, euro British pound falls lower against dollar, euro

Prime Minister Theresa May has said Britain will leave the EU's customs union, allowing the country to forge its own trade deals around the world. Sterling/dollar three-month implied volatility - a gauge of how volatile traders expect a currency ...

Lira extends retreat as Turkey heads toward a financial crisis Lira extends retreat as Turkey heads toward a financial crisis

The currency is currently down 13.5% against the U.S. dollar, after a brief 20% fall, resulting from a Trump tweet that declared, "Aluminum will now be 20% and Steel 50%", and concluded: "Our relations with Turkey are not good at this time!" Europe...

US President Donald Trump praises Mexico, threatens Canada with auto tariffs US President Donald Trump praises Mexico, threatens Canada with auto tariffs

Teams worked through the night "changing the text" and "got a lot of work done", Guajardo said. But he threatened with auto tariffs if the US and can't forge a deal. In response, Canadian officials announced "dollar for dollar" retaliatory tariff...

McDonald's offers free food 'for life' through McGold Card contest McDonald's offers free food 'for life' through McGold Card contest

The card is valued at $52,350 and entitles the victor to two free meals per week for 50 years. Even from conservative estimates, if 250,000 people download and use the app, it would only cost McDonald's about 21 cents in digital marketing costs and...

Windsor's unemployment rate increases slightly Windsor's unemployment rate increases slightly

Here at home, Prince Albert's unemployment rate took a steep climb, surging to its highest point in months and reaching 11.2 per cent. While the Canadian unemployment rate dropped to a four-decade low at 5.8% in July, the resource sector actually...

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