Markets

by | August 19, 2018 | 12:47

Tesla said that the Ministry of Transportation excluded the electric vehicle maker from its transition plan after it ended the rebate program. Neither Tesla nor the Ontario government immediately responded to AFP's requests for comment .

by | August 19, 2018 | 11:15

Musk later explained that his claim was based on repeated and ongoing conversations with the Saudis and tweeted the names of financial and legal advisors he said he was working with on the proposal to take Tesla private . Most of the company's board members have ties and relationships with Musk, but Elson and Gordon say they also have a fiduciary duty to all the other shareholders.

by | August 19, 2018 | 10:43

Customers visiting www.houseoffraser.co.uk are presented with a maintenance page stating the retailer is "currently working hard to make some improvements to the website" and are directed to its various social media channels. Some have taken action while negotiations over payments continue. In an effort to force the issue, some suppliers, believed to include fashion brand Karen Millen, Jigsaw and Whistles have now withdrawn unsold stock which was not party to the takeover agreement signed ...

by | August 19, 2018 | 07:20

In a statement Friday, Nooyi said her comments were part of a broader conversation about how to better focus companies toward long-term goals. "In the end, all companies have to balance short-term and long-term performance", Nooyi said. Business groups including the U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association and exchange operator Nasdaq have been lobbying hard over the past year for lawmakers and the SEC to relax listing rules, warning that the ...

by | August 18, 2018 | 18:40

Members of the Tesla board apparently had no idea Musk was contemplating taking the company private, and have since formed their own committee to look into the option. The "Saudi sovereign fund has more than enough capital needed to execute on such a transaction", he suggested. Bloomberg cited lawyers as stating even before the new law passed on Monday a major investment in Tesla by Saudi Arabia would have drawn scrutiny.

by | August 18, 2018 | 09:42

Serie A has postponed two of this weekend's opening Serie A fixtures involving Genovese clubs Genoa and Sampdoria following the bridge collapse that killed at least 39 people in the Ligurian city on Tuesday. "The auto protected me". His vehicle plunged nose first, then stopped with a crash, air bags releasing all around him. Outside, he said, "there was an unreal silence" - destroyed vehicles and piles of broken concrete and asphalt, but no signs of life, no cries for help.

by | August 18, 2018 | 03:25

Brunson, an evangelical preacher from North Carolina, is now under house arrest in Izmir. Brunson is charged with spying for the PKK - a designated terrorist group in the USA and Turkey - and the Fetullah Terrorist Organization (FETO), the group behind the defeated July 2016 coup attempt in Turkey during which 251 people died and thousands were injured.

by | August 17, 2018 | 23:26

Ankara , for its part, wants Washington to extradite Fethullah Gulen, a Muslim cleric based in Pennsylvania who Turkish authorities say orchestrated the 2016 coup attempt in which 250 people lost their lives. He later tweeted: " Turkey has taken advantage of the United States for many years ". Turkey owes $467 billion to investors and it will be hard for the country to pay that debt, Napier said.

by | August 17, 2018 | 22:38

The letter is similar to one thousands of employees had signed in protest of Project Maven , a U.S. military contract that Google decided in June not to renew. After employees petitioned this year, Google announced it would not renew a project to help the USA military develop artificial intelligence technology for drones.

by | August 17, 2018 | 21:24

Investors are concerned that Turkey has amassed high levels of foreign debt to fuel growth in recent years. Trump added: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" Last month, at Brunson's third court hearing in almost two years, USA officials thought they had brokered a deal to free him by pressuring Israel to release a Turkish citizen imprisoned there.

by | August 17, 2018 | 15:28

At least six of the dead are foreigners - four French citizens and two Albanians. A recent photo of the bridge that collapsed, sending cars plunging 150ft to the ground, highlighted the sorry state it was in. " Autostrade should have done maintenance and didn't do it". Since the cause is yet to be ascertained, there are "no suspects" at this point, the prosecutor said .

by | August 17, 2018 | 13:35

The Turkish lira hit a record low of 7.24 to the dollar this week, down 40 per cent this year, as investors fretted over Erdogan's influence over monetary policy and the dispute with the United States. economy and undermine American global leadership, and evidence of that harm to U.S. workers, farmers, and businesses is mounting". Ankara's central bank took actions to reinforce the currency on August 15 and squeezed the Turkish lira's liquidity from the market.

by | August 17, 2018 | 07:46

The widely criticized move escalated tensions between the USA and longstanding trade allies, including Canada, Mexico and European Union nations. The statement urges the United States to take concrete actions in line with the WTO rules and drop the "wrong practices" so that normal trade can be restored.

by | August 17, 2018 | 02:50

Doha has Dollars 20 billion worth of investments in Turkey, official figures showed last month, and Ankara is now one of the top exporters to the emirate. Trade Minister Ruhsar Pekcan said Turkey had doubled tariffs on 22 products imported from the United States , saying the tariffs were together worth an additional $533 million.

by | August 16, 2018 | 23:29

Turkey's lira eked out a second day of gains as authorities tightened the screws on foreign investors aiming to short the currency . There was some optimism from news that Donald Trump's National security advisor John Bolton met Turkish Ambassador Serdar Kilic to discuss the pastor issue.

by | August 16, 2018 | 20:25

Putting all the mathematics and statistics together, it concludes that there are 8.5 times more iPhone users worldwide than there are people in Turkey. But fundamental concerns about the economy persist, experts say. Global investors have been anxious by Turkey's high levels of foreign debt and Erdogan's refusal to allow the central bank to raise interest rates to support the currency, as experts say it should.

by | August 16, 2018 | 17:01

The region's employment rate was 78.7%, 0.5% higher than the period from January to March, with almost 3.1 million people in work. The British unemployment rate shrugged off Brexit worries to reach a low not seen for 43 years, according to data released on Tuesday.

by | August 16, 2018 | 16:40

Constellation Brands is spending C$5 billion ($3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp., betting legalization of the drug will continue to gain traction in the USA and around the world. Linton added on the call, however, that it may become legal federally in the U.S. Under the deal, Constellation Brands is buying new shares at C$48.60 a share, a 38 percent premium to Canopy's five-day volume-weighted average on the Toronto Stock Exchange, and a ...

by | August 16, 2018 | 16:25

Although he didn't specify the country, the President is going to visit. The Merkel-Putin talks come just a week after the U.S. Congress enacted a set of mandatory sanctions against Russia , after the State Department announced it had determined that Russia had used chemical or biological weapons in the poisoning of former double agent Sergei Skripal and his daughter that inflamed Russian-EU relations this spring.

by | August 16, 2018 | 16:12

For decades, the world's de facto currency of record has been the U.S. dollar. Another stumbling block in bilateral relations is the arrest of American pastor Andrew Brunson in Turkey . Turkey retaliated on Wednesday with tariffs on certain U.S. goods. Russia's Foreign Ministry said on Monday that a four-way Syria summit "is planned in the upcoming future", with the leaders of Russia, France, Turkey and Germany attending.