Business

Markets Right Now: Stocks end lower on Wall Street

Markets Right Now: Stocks end lower on Wall Street

The Nasdaq composite gained 44 points, or 0.6 percent, to 7,863. Wall Street stocks finished solidly higher on Tuesday (Aug 14) amid more positive sentiment about the Turkish currency crisis that depressed markets the last two sessions. President Recep Tayyip Erdogan has ruled out that step. The Dow Jones Industrial Average added 89 points, or 0.4 percent, to 25,277. The yield on the 10-year Treasury note held steady at 2.88 percent.


United States threatens Turkey with more sanctions if it doesn’t free pastor

United States threatens Turkey with more sanctions if it doesn’t free pastor

President Donald Trump . Qatar has pledged to inject $15 billion into Turkey's economy to rescue the country amid United States sanctions and financial meltdown. The feud over Brunson, who was detained in October 2016, has added to the jitters over an economy that grew quickly, with the help of heavy borrowing, in past years.


US threatens more sanctions, keeping alive Turkish crisis

US threatens more sanctions, keeping alive Turkish crisis

The selling has also deepened concerns about the broader economy, particularly Turkey's dependence on energy imports and whether foreign-currency debt poses a risk to banks. U.S. support for Kurdish rebel groups fighting Islamic State fighters in northern Syria is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country.


Google staff protest over China search engine plans

Google staff protest over China search engine plans

The letter said Google's willingness to work within China's censorship laws raises "urgent moral and ethical issues", and that employees now don't have the information needed "to make ethically-informed decisions about our work, our projects and our employment".


Turkish lira resumes fall after Trump sanctions threat

Turkish lira resumes fall after Trump sanctions threat

Ankara accuses Mr Brunson - who operates a tiny evangelical church in Izmir - of having links to the outlawed Kurdistan Workers Party and the Gulenist movement, which Turkey blames for a failed coup two years ago. In retaliation, a Turkish court refused to release Brunson, and the Turkish government raised its tariffs on imports of American cars, alcohol and tobacco.



Turkish court rejects appeal for Pastor Andrew Brunson's release

Mr Trump later said in a tweet the United States "will pay nothing " for Mr Brunson's release, "but we are cutting back on Turkey!". This, in turn, means that 41.09 million projected smartphone users in Turkey till previous year out of which 7.15 million of them use iPhones .