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Britain, the European Union, and the United States have blamed Russia for an attack with the Novichok chemical agent that sickened former Russian spy Sergei Skripal and his daughter Yulia in Salisbury, England, in March. The U.S. State Department has said it will impose fresh sanctions by the end of this month, while bi-partisan legislation from senators calls for other curbs to be widened.
  • Nvidia states that cryptocurrency mining demand is gone, for now

    Nvidia states that cryptocurrency mining demand is gone, for now

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    Nvidia's crypto business is dead and it's never coming back, the chipmaker said on its second-quarter earnings call . Shares of NVDA stock traded down $1.64 during trading hours on Thursday, reaching $257.44. Analysts estimated $3.11 billion. He has convinced owners of data centres that modified graphics chips are the best solution to handle the surge in artificial intelligence processing that is fuelling the growing use of voice and image recognition.
  • Italy buries bridge collapse dead as outrage simmers

    Italy buries bridge collapse dead as outrage simmers

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    The government has also lashed out at Brussels, claiming that strict spending rules imposed by the European Union had prevented Italy from investing in new infrastructure over the years. Prosecutors have said they are focusing either on possible design flaws or inadequate maintenance. The bridge is a main road in and out of Genoa, linking it to the A10 motorway and the road to France.
  • Trump sets wheels in motion to abolish quarterly reporting rule

    Trump sets wheels in motion to abolish quarterly reporting rule

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    Some investors on Friday said quarterly disclosures are essential for investment decisions and supported richer USA stock valuations, and that shares could become more volatile if companies report twice yearly. It "also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term", Musk said.
  • SEC moving in on Tesla and Elon Musk with subpoenas

    SEC moving in on Tesla and Elon Musk with subpoenas

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    Musk stunned Wall Street last week when he said on Twitter that he meant to take Tesla private at $420 per share, and added that funding was secured. It got to the point that trading in shares of Tesla had to be halted due to the gyrations Musk's commentary inspired. A subpoena "typically requires the approval of top SEC officials", the newspaper added.
  • USA threatens new Turkey sanctions over Christian pastor

    USA threatens new Turkey sanctions over Christian pastor

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    He has denied the charges, and his case has been taken up by US President Donald Trump , who counts evangelical Christians among his core supporters. Qatar has pledged to inject $15 billion into Turkey's economy to rescue the country amid U.S. sanctions and financial meltdown. The Turkish currency fell again on Friday, breaking a three-day quiet spell in the country currency crisis, after the United States threatened to impose new sanctions on the North Atlantic Treaty Organisation country.
  • Asian shares gain on U.S.-China trade talks, lira recovers

    Asian shares gain on U.S.-China trade talks, lira recovers

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    US Treasury Secretary Steven Mnuchin assured President Donald Trump at a cabinet meeting on Thursday that sanctions were ready to be put in place if Brunson, a pastor on trial in Turkey on terrorism charges, was not freed. In the currency market, the lira bounced back to 5.815 per dollar, up nearly 25 percent from its record low of 7.2400 hit early on Monday, despite threats of more sanctions from Washington.
  • Wall St. rises on earnings optimism, lira rebound

    Wall St. rises on earnings optimism, lira rebound

    Markets

    The S&P index recorded 18 new 52-week highs and one new lows, while the Nasdaq recorded 64 new highs and 51 new lows. The Turkish lira steadied as officials from Turkey and the USA said the countries are in talks to ease diplomatic tensions, which have resulted in tariffs on Turkish steel and aluminum.
  • Turkish lira rallies as Qatar makes $15 bil. loan pledge

    Turkish lira rallies as Qatar makes $15 bil. loan pledge

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    Ismail Cem Halavurt, Brunson's lawyer, applied to the higher court after the appeal was also rejected by Izmir's 2nd High Criminal Court on Wednesday. "We have more that we are planning to do if they don't release him quickly", Mnuchin said during the meeting. Erdogan, hinting at a trade for Brunson, said in a speech previous year that if the USA turned over Gülen to the Turkish authorities "we will do what we can in the judiciary to give you this one".
  • Turkish lira rebounds after Qatar pledges $15 billion

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    In a conference call with thousands of investors and economists, Albayrak - who is President Tayyip Erdogan's son-in-law - said Turkey fully understood and recognized all its domestic challenges but was dealing with what he described as a market anomaly.
  • White House: 'We Won't Forget' How Turkey is Treating US Pastor

    White House: 'We Won't Forget' How Turkey is Treating US Pastor

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    The pastor has been detained in Turkey for 21 months on "terrorism" charges - suspected of having ties to the outlawed Gulenist movement - along with espionage accusations. Turkish President Recep Tayyip Erdogan has accused the U.S. of trying to "bring Turkey to its knees". On Wednesday, Qatar pledged $15 billion to help Turkey through its economic and currency crisis.
  • Second night of rescue efforts after deadly Italy bridge collapse

    Second night of rescue efforts after deadly Italy bridge collapse

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    The ceremony will be presided over by Cardinal Angelo Bagnasco, the Genoa archbishop. The Interstate 35W bridge, whose collapse into the MS river killed 13 people, was also built in the 1960s, though federal investigators ultimately concluded that poor maintenance wasn't the main cause of the disaster.
  • How strong is the USA dollar's position as a reserve currency?

    How strong is the USA dollar's position as a reserve currency?

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    Cavusoglu therefore, called on Washington "remain loyal to ties based on traditional friendship and North Atlantic Treaty Organisation alliance" with Turkey. Angered by the continued detention of an American pastor, the U.S. government imposed sanctions on two cabinet ministers and threatened more. Russian Federation backed Erdogan in urging countries to do business in their own national currencies rather than dollars.
  • China files WTO challenge to US tariffs on solar panels

    China files WTO challenge to US tariffs on solar panels

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    China's commerce ministry accused Washington of erecting trade barriers while subsidising its domestic industry. A spokesperson from China's Ministry of Commerce said on Tuesday that the tariffs are suspected of violating WTO rules and therefore undermining the WTO's authority.
  • Lira rallies after Turkey raises tariffs on United States imports

    Lira rallies after Turkey raises tariffs on United States imports

    Markets

    Those consequences are US sanctions and a doubling of tariffs on Turkish steel and aluminum, announced by President Trump on Friday. Relieving tensions in a case that annoyed Brussels, a Turkish court Tuesday released two Greek soldiers detained since March on espionage charges for illegally crossing the border.