Business


Tayyip Erdogan Assumes New Presidential Powers In Turkey

Gen. Metin Gürak was appointed as the new Deputy Chief of General Staff by the new decree. Presidents Buhari and Erdogan enjoy a great relationship and have met a number of times since their coming into office. State news agency Anadolu said Erdogan's inauguration celebration was attended by Venezuelan President Nicolas Maduro, Russian Prime Minister Dmitry Medvedev and Sudanese President Omar Hassan al-Bashir, wanted for war crimes by the International Criminal Court.


United States crude rises 1.2%, posts weekly loss on supply concerns

United States crude rises 1.2%, posts weekly loss on supply concerns

Benchmark Brent LCOc1 was up 40 cents at $77.51 a barrel by 0850 GMT. Oil prices seesawed on Friday in a nervous market as the U.S. implemented a raft of tariffs on Chinese goods, which should prompt Beijing to retaliate, potentially including a duty on United States crude imports.


Starbucks, citing ocean threat, is ditching plastic straws

Starbucks, citing ocean threat, is ditching plastic straws

The company said that more than half of its beverage sales come from cold drinks, which typically come with a plastic straw. The company also says that "alternative-material straws - including paper or compostable plastic - will be rolled-out for Frappuccino blended beverages, and available by request for customers who need a straw, pending successful pilots that are underway".


Watch Elon Musk's Thai Cave rescue submarine in action

Watch Elon Musk's Thai Cave rescue submarine in action

The boys were playing a football game in Chaing Mai on June 23, after which they made a decision to explore a local cave system. The team and coach were exploring the cave after a practice game when heavy rainfall and flooding cut off their escape route out of the cave and prevented rescuers from finding them for nearly 10 days.


Manufacturers Created 36K New Jobs in June, According to US Labor Dept.

Manufacturers Created 36K New Jobs in June, According to US Labor Dept.

June's moderate wage growth should, for now, allay fears of the economy overheating. Regina, Saskatchewan has a higher unemployment rate than Windsor, but may actually have more people working. Average hourly earnings increased by 0.2% month-on-month and 2.7% year-on-year, weaker than economists had forecast. Manufacturers and services firms have said in recent surveys that their business is improving despite anxiety about the tariff showdown.



Jobless rate for Latino Americans fell to record low in June

And companies have been offering more benefits to attract and retain their workers. Hanging over the labor market are President Trump's tariffs on goods from some of America's largest trading partners, along with retaliatory charges. That was the first increase in the jobless rate in 10 months. If, though, the unemployment rate reached 3.7 percent or less in June, it would mark its lowest level since December 1969, when it was 3.5 percent.