Business

Amir attends swearing-in ceremony of Erdogan

Amir attends swearing-in ceremony of Erdogan

Since a failed coup attempt two years ago he's fired 125,000 workers, the latest 18,000 at the weekend, and jailed 160,000 people including opponents. "We are leaving behind the system that has in the past cost our country a heavy price in political and economic chaos". Separately on Tuesday, a president decree carried by the Turkish Official Gazette appointed ground forces Commander General Yasar Guler as the new chief of the general staff, replacing Akar.


Comcast reportedly lining up bidders for Fox Sports Net channels

Comcast reportedly lining up bidders for Fox Sports Net channels

Fox could face further competition from the U.S. cable giant Comcast, however, after it forced Sky's independent directors to drop their previous backing for Fox with an unexpected £12.50-a-share bid for the group in February. Disney recently increased their Fox Studios offer from $52.4 billion to $71.3 billion following Comcast offering a $65 billion all-cash deal for Fox.


China says it is 'shocked' by US actions in trade dispute

China says it is 'shocked' by US actions in trade dispute

Jack Gerard, Cal Dooley, and Edward R. Hamberger-the president and CEO of the American Petroleum Institute, president and CEO of the American Chemistry Council, and president and CEO of the Association of American Railroads, respectively-wrote in an opinion piece in the Washington Examiner published on Wednesday that the trade war is threatening the USA economy and could add "hundreds of billions of dollars in potential costs for American businesses - costs that could ultimately be borne ...


Global stocks rise as investors watch trade tensions

Global stocks rise as investors watch trade tensions

U.S. President Donald Trump speaks during a Make America Great Again rally in Great Falls, Montana, U.S., July 5, 2018. "For companies with supply exposure to tariffs, they will move sourcing country of origin if they can; if they can't, they'll pass on as much of the tariff cost as they can, or see a cut in margins", said Jacob Parker, vice president of China operations at the US-China Business Council in Beijing .


Iran's oil minister has hit back at Trump over production demands

Iran's oil minister has hit back at Trump over production demands

Zanganeh added the USA president's order is an insult to the national sovereignty of these independent governments and nations. Iran also accused Trump of being the reason for the surge in oil prices through his sanctions on Venezuela and Iran, both members of OPEC.


Trump administration announces $US200 billion in extra China tariffs

Trump administration announces $US200 billion in extra China tariffs

The office will hear public comments on the plan and will reach a decision after August 31, according to a senior administration official who briefed reporters on condition of anonymity. "For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", he said in a statement.