The Turkish lira has fallen more than 40 percent since the start of the year, 20 percent just last week, amid rising tensions between the U.S. and Turkey, and international investors’ concerns over the economy. For Turkey, the dramatic collapse …
Turkey’s central bank failed to halt the slide of the country’s lira currency on Monday as Turkish President Recep Tayyip Erdogan accused the United States of purposely trying to damage his country’s economy. “We are together in NATO and then …
Tesla Chief Executive Elon Musk said on Monday he was still in talks with potential backers of a possible buyout of the company, including Saudi Arabia’s sovereign wealth fund, but had not completed securing the funding. In a blog post, …
A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between …
Iranian Supreme Leader Ayatollah Ali Khamenei said Monday government mismanagement has hurt Iran’s economy more than U.S. sanctions. U.S. President Donald Trump last week reimposed a set of sanctions that had been lifted as part of the 2015 nuclear deal …
Turkish President Recep Tayyip Erdogan, embroiled in a bitter dispute with the U.S., a NATO ally, contended Sunday the plunging value of his country’s lira currency amounted to a “political plot” against Turkey. Erdogan, speaking to political supporters in the …
Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic …
France deems unacceptable a European Commission proposal to exclude French ports from a rerouting of a strategic trade corridor between Ireland and mainland Europe after Brexit, the government said. At the moment much of Ireland’s trade with the continent goes via Britain in trucks. …
By most indicators, the U.S. economy is doing well. An achievement that President Donald Trump has boasted about on many occasions. But whether Americans see it that way, may depend on which side of the political aisle they’re on. This …
The White House issued a proclamation Friday evening officially announcing the doubling of steel tariffs on Turkey, slated to go into effect Monday. Earlier Friday, the Turkish lira suffered its worst one-day loss in a decade after President Donald Trump …
A threat of more U.S. sanctions has sent the ruble tumbling to its weakest since mid-2016 but authorities are not expected to leap to the currency’s defense after weathering a similar storm in April, analysts said. The ruble crashed to …
Consumer prices in the U.S. rose a modest 2.9 percent in July from a year ago, as inflation rose gradually but slowly. Friday’s Labor Department report showed the Consumer Price Index, a broad measure of Americans’ living expenses, increased two-tenths …
U.S. President Donald Trump further escalated tensions with Turkey Friday by announcing a sharp increase in tariffs on steel and aluminum imports in an early morning post on Twitter. In announcing 20 percent tariffs on aluminum and 50 percent tariffs …
Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods and warned that Beijing had all the necessary means to fight back. The comments marked a ratcheting up in tensions …
New York’s city council on Wednesday dealt a blow to Uber and other car-for-hire companies, passing a bill to cap the number of vehicles they operate and impose minimum pay standards on drivers. The city of 8.5 million is the …
China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump’s warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin …
China’s exports to the United States surged last month as its merchants rushed to fill orders ahead of a jump in U.S. tariffs on Chinese goods. Its shipments to the United States climbed 13 percent in July from a year …
U.S. President Donald Trump predicted Tuesday the United States and China will have a “fantastic trading relationship” but one that will be different from the way it has been under previous presidents. Speaking to a group of invited business leaders, …
New York City’s iconic but imperiled yellow cab industry may be getting help from lawmakers who want to pump the brakes on fast-expanding ride-hailing services like Uber and Lyft. In what would be a first-in-the-nation step if passed, the City …
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But the OPEC member nation is still …
Already threatened by escalating U.S. taxes on its goods, China is about to find it much harder to invest in U.S. companies or to buy American technology in such cutting-edge areas as robotics, artificial intelligence and virtual reality. President Donald …
China appears poised to fill the gap in Iran left by French automakers who closed their Iranian operations before the reimposition of U.S. sanctions on Tehran. The Chinese move could open yet another dispute between Washington and Beijing, adding to …
The baobab tree dots the dry African savannah from Senegal to Madagascar. It yields a fruit that’s been described as a superfood popular in the United States and Europe. With an increasing global appeal, local farmers say business is booming… …
President Donald Trump has been busy on the congressional campaign trail lately, eager to tout the strong U.S. economy on behalf of Republican candidates leading up to this year’s midterm elections in November. But the president has also repeatedly launched …