Tag: US news

#ProtectMueller protests demand justice, “Trump is not above the law.” (Video, Photos)

Take it to the streets, America. The investigation into Trump’s corruption and likely criminality must not be stopped. Thousands of Americans from Florida to California gathered to defend Special Counsel Robert Mueller and the system of justice he represents. Below, photos and video from the events, shared live. The #ProtectMueller crowd keeps growing! pic.twitter.com/7KvYY0fL5t — […]

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Lira rallies as Turkey pledges spending cuts to avoid IMF bailout

Turkey’s finance minister sparked a recovery in the lira after he addressed thousands of international investors, pledging to protect beleaguered local banks and cut public spending to prevent the country defaulting on its loans. Berat Albayrak, who has faced criticism for failing to tackle the country’s growing financial crisis, spoke to around 6,000 investors on […]

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US bosses now earn 312 times the average worker’s wage, figures show

The chief executives of America’s top 350 companies earned 312 times more than their workers on average last year, according to a new report published Thursday by the Economic Policy Institute. The rise came after the bosses of America’s largest companies got an average pay rise of 17.6% in 2017, taking home an average of […]

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Turkish lira rallies as Qatar makes $15bn loan pledge

Turkey’s beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sector’s shaky finances with loans worth $15bn (£11.8bn). A week after a diplomatic spat with the US sent the lira into a tailspin, the agreement with Qatar was calculated to help Turkey avoid having to ask the International […]

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Erdoğan says Turkey will boycott US electronic products

Recep Tayyip Erdoğan has said Turkey will boycott electronic products from the US, as he issued another defiant response to sanctions imposed in a dispute over the detention of an American evangelical pastor. The US measures have accelerated a currency crisis in Turkey, though the lira rallied slightly on Tuesday from a low of seven […]

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Trump misunderstanding over prisoner fuelled lira crisis – Ankara sources

The currency plunge imperilling Turkey’s economy has been fuelled by a standoff between Donald Trump and Recep Tayyip Erdoğan over the fate of a Turkish woman detained in Israel whose freedom the US president brokered, and an American pastor held in Turkey whose release he demands in return, officials in Ankara have claimed. Turkish leaders […]

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Global markets braced for hectic trading as Turkish crisis unfolds

Global markets are braced for another hectic day of trading amid Turkey’s unfolding economic crisis after the country’s currency, the lira, plunged 20% to record lows on Friday. Recep Tayyip Erdoğan, Turkey’s president, remained defiant over the weekend, accusing foreign interests of waging an economic war against Turkey and pledging trade measures to reduce reliance […]

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Homebase to review sale of Monsanto weedkiller after US cancer verdict

One of the UK’s largest DIY retailers is reviewing the sale of Roundup weedkiller products amid mounting concerns about their use, after a US jury found that the herbicide had caused a terminally ill man’s cancer. The manufacturer of the weedkiller, Monsanto, has insisted that British consumers are safe to continue using Roundup products, which […]

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Monsanto ordered to pay $289m as jury rules weedkiller caused man’s cancer

Monsanto suffered a major blow with a jury ruling that the company was liable for a terminally ill man’s cancer, awarding him $289m in damages. Dewayne Johnson, a 46-year-old former groundskeeper, won a huge victory in the landmark case on Friday, with the jury determining that Monsanto’s Roundup weedkiller caused his cancer and that the […]

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One man’s suffering has exposed Monsanto’s secrets to the world | Carey Gillam

It was a verdict heard around the world. In a stunning blow to one of the world’s largest seed and chemical companies, jurors in San Francisco have told Monsanto it must pay $289m in damages to a man dying of cancer which he claims was caused by exposure to its herbicides. Monsanto, which became a […]

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China warns of tariffs on imported US goods worth $60bn

China has unveiled plans to impose retaliatory tariffs on US imports worth $60bn (£46bn), firing the latest volley in the mounting trade dispute between the world’s two largest economies – which are currently conducting “zero” dialogue on trade, according to reports. Signalling the nation’s readiness to respond to the higher tariffs threatened by Donald Trump […]

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Sergio Marchionne, saviour of carmaker Fiat, dies aged 66

Fiat’s chairman, John Elkann, has told staff to build on Sergio Marchionne’s legacy, saying: “The best way to honour his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion.” Marchionne was one of the boldest business […]

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Trump’s tariffs threaten global prosperity, warns Angela Merkel

The war of words over Donald Trump’s threat to impose wide-ranging tariffs on imports from China and the European Union has intensified after the German chancellor, Angela Merkel, said the levies threatened the incomes of workers across the world. On Friday, Merkel described possible US tariffs on imported cars as a breach of World Trade […]

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US begins trade war with China; Airbus blast government’s Brexit cluelessness – business live

Newsflash: Airbus says is already taking steps to protect itself from Brexit damage: Rob Davies (@ByRobDavies) Significant re Airbus’ warning hard Brexit could force it out of UK. CEO Tom Enders says the company is already putting plans in place: “Rest assured that we are taking first preparations as we speak in order to mitigate […]

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Stock markets roiled as US-China trade dispute escalates

The trade dispute between the US and China escalated on Tuesday, with a senior Trump official accusing China of “theft” and Beijing accusing the US of blackmail. The news roiled global stock markets as investors feared that escalating tensions could trigger an international trade war. Donald Trump threatened to impose an additional $200bn in levies […]

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Trump announces $50bn in China tariffs, escalating possibility of trade war

Donald Trump has announced a 25% tariff on $50bn of Chinese goods, prompting China to retaliate with a similar-sized set of levies. The moves, after a long war of words, increase the possibility of a full trade war between the world’s two leading economies. In a statement, the White House said the tariffs would apply […]

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Comcast launches $65bn bid to steal Murdoch’s Fox away from Disney

Cable giant Comcast has launched a hostile bid for 21st Century Fox, the media empire controlled by Rupert Murdoch. The $65bn bid, made on Wednesday afternoon, comes in a week of seismic change for the media industry. On Tuesday, a judge threw out US government objections to AT&T’s takeover of Fox’s rival Time Warner. That […]

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Tesla to cut 9% of staff as Elon Musk’s electric car company seeks profitability

Tesla is slashing thousands of jobs, its chief executive, Elon Musk, announced Tuesday, as the electronic car company attempts to hit production targets and reach profitability. Musk called the job cuts, which will affect about 9% of the company’s more than 40,000 employees, “difficult, but necessary” in a tweet that contained the email he had […]

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UK’s Inmarsat rejects takeover approach from US rival EchoStar

Inmarsat, Britain’s leading satellite company, has rejected a bid approach from a US rival, in what could signal the start of a fresh foreign takeover saga. Responding to a 13.5% rise in its share price on Friday, Inmarsat admitted it had received an offer from Colorado-based EchoStar that it said “very significantly undervalued” the company […]

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Sky takeover: Murdoch must offload Sky News to get green light

The UK government has cleared the way for Rupert Murdoch’s 21st Century Fox to buy Sky on the condition it sells Sky News to another organisation. It also approved a rival bid for the British broadcaster from US media giant Comcast, setting up a multibillion-pound bidding war. Fox is attempting to buy the 61% of […]

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