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US President Donald Trump said on Twitter that he had approved a double increase in import duties on aluminum and steel for Turkey. Duty on steel increased to 20%, on aluminum - up to 50%. Against this backdrop, the Turkish lira fell by more than 12% on Friday to a record low of 6.31 lire per $1. Last week, the US decided to impose sanctions on the head of the Turkish Ministry of Justice Abdulhamit Gül and the Interior Minister Suleiman Sile in response to the detention of US citizens in Turkey, including US pastor Andrew Branson. In Turkey, Branson is accused of involvement in an attempted coup in 2016.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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