Finance

Finance PepsiCo buys fizzy drinks maker SodaStream for $3.2bn
Author: 0 PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

Under the terms of the deal, PepsiCo will buy all outstanding shares of Sodastream for $144 each. SodaStream markets itself as a health-conscious maker of alternatives to cola drinks and PepsiCo's purchase is in line with the company's ongoing pivot of recent years towards drinks and snacks not as associated with the kind of mass sugar content as the Pepsi drink previously has been .

Finance Turkey detains two men over shooting at US embassy in Ankara
Author: 0 Turkey detains two men over shooting at US embassy in Ankara

The U.S. mission is closed this week as Turkey celebrates the Muslim holiday of Eid al-Adha. The damage to a security booth by a shot fired, is seen outside the U.S. Rich Edson reports on the escalating tensions over the detention of Pastor Andrew Brunson. Ankara accuses Gulen of having masterminded the July 2016 coup attempt against President Recep Tayyip Erdogan.

Finance Elon Musk Breaks Down During Interview
Author: 0 Elon Musk Breaks Down During Interview

Musk is also the founder of the infrastructure startup the Boring Co. and Neuralink , which is developing brain-machine interfaces to connect humans and computers. I've had friends come by who are really concerned'. The figure was $419 and he rounded up. "There's a reason for the word 'stoned.' You just sit there like a stone on weed", he said.

Finance State funeral held in Genoa for bridge collapse victims
Author: 0 State funeral held in Genoa for bridge collapse victims

A further four victims of the Genoa bridge collapse have been found, Italian media reports said, bringing the death toll to 42. Italy's populist government has accused Autostrade per l'Italia, the firm that managed the Genoa motorway bridge, of putting profits before safety and failing to spend enough on maintenance - a charge the company vociferously denies.

Finance It will be tough for Trump's SEC to overhaul reporting rules
Author: 0 It will be tough for Trump's SEC to overhaul reporting rules

PepsiCo was not immediately available to comment. He also said he would find it challenging not to get information every quarter because so much can change in six months. "So we're looking at that very, very seriously". Under Trump appointee chairman Jay Clayton, the SEC has taken steps to relax rules for issuers, including allowing firms going public to file information confidentially, and is now discussing relaxing some other compliance rules.

Finance Google Employees Have Become the Company’s Moral Compass
Author: 0 Google Employees Have Become the Company’s Moral Compass

Googlers say that this would be a violation of the company's "don't be evil" mantra and are demanding more input into any decision about the company's future plans in the country, to allow them to do their jobs. Pichai said Google's stated mission is "to organize the world's information", Bloomberg News reported, quoting a transcript of the employee meeting.

Finance Tesla and Elon Musk under fire as SEC issues subpoenas
Author: 0 Tesla and Elon Musk under fire as SEC issues subpoenas

Tesla sued Tripp in June for $1 million alleging he leaked information with the intent to sabotage Tesla and its CEO, Elon Musk . Markets Insider reported Tesla's current price at $335.05, a -1.07% drop in the last 24 hrs. That means three members of Tesla's board will now weigh whether it is advisable - or even feasible - to pursue what could be the biggest-ever go-private deal, and they are doing so before receiving a formal proposal from the CEO.

Finance Elon Musk Tesla New York Times Interview
Author: 0 Elon Musk Tesla New York Times Interview

The issue has come to the fore as a special Tesla board committee considers Chief Executive Elon Musk's idea of taking the loss-making company private in a deal that could be worth as much as $72 billion. Mr. Musk stopped talking, seemingly overcome by emotion. He later amended the comment through a spokeswoman, saying lead independent director Antonio Gracias had contacted him about the August 7 tweet.

Finance Bitcoin's Price Falls Below $6K to Near 2018 Low
Author: 0 Bitcoin's Price Falls Below $6K to Near 2018 Low

LTC/USD: The Litecoin traded near 14-month low on Wednesday and is trying hard to hold above $55 mark. While Bitcoin's market cap has decreased from monthly highs of $145 billion on July 24th to its current market cap of $108 billion at the time of writing, Ethereum's market cap has almost halved from its monthly highs of almost $52 billion on July 17th to its current levels of just over $28 billion.

Finance Turkey, France to act against US sanctions
Author: 0 Turkey, France to act against US sanctions

Treasury Secretary Steven Mnuchin told Trump on Thursday that more sanctions were ready if Brunson were not freed. Turkey is struggling to stabilize its currency after it plunged to a record low in a crisis that spurred fears of bankruptcies and a spillover effect in other emerging markets if Turkish firms can't pay back high foreign debt.

Finance Turkish finance ministry says credit channels to remain open
Author: 0 Turkish finance ministry says credit channels to remain open

Secretary of State Michael Pompeo to campaign for 36-year-old Golge's release. Erdogan has remained defiant in the face of the crisis with Washington , saying Turkey could turn to new alternative markets . The Chinese currency's slide in recent months, partly on the back of concerns about what a full-blown trade war with the USA would do to China's economy, has rattled investors.

Author: 0 Turkish lira volatile as U.S. warns of further sanctions

Trump added: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey! ". "We have stood together and will continue to do so", he said, making clear the high-level meeting was meant to communicate unequivocal support for Turkey at a critical juncture.

Finance Turkey, Russia agree on partial lifting of visas
Author: 0 Turkey, Russia agree on partial lifting of visas

Another stumbling block in bilateral relations is the arrest of American pastor Andrew Brunson in Turkey. He said he would meet with the European Commission's deputy head Frans Timmermans to speed up talks on visa liberalisation for Turks, while Turkish and Russian working groups would hold talks on visa-free travel to Russia after the Muslim Eid holiday next week.

Finance China Files WTO Complaint over U.S. Solar Tariffs
Author: 0 China Files WTO Complaint over U.S. Solar Tariffs

Trump's tariffs were not popular with the USA solar industry, which claimed the rising cost of imports would cause the loss of thousands of jobs. That led to complaints it was undermining the global trade body. Another round of US tariff hikes on $16 billion of Chinese goods is due to take effect August 23. The Chinese Ministry of Commerce said on August 8 that tariffs of 25 percent on 16 billion dollars of USA goods - including autos, fuel, steel products and medical equipment - will be ...

Finance Lira rallies after Turkey raises tariffs on USA imports
Author: 0 Lira rallies after Turkey raises tariffs on USA imports

A Turkish court also rejected the American pastor's appeal to be released from house arrest and have his travel ban lifted. "We have put sanctions on several of their Cabinet members", Mnuchin said . French President Emmanuel Macron (L) meets Turkish President Tayyip Erdogan (R) in New York, US on September 19, 2017. Trump has called Brunson's detention a "total disgrace".

Finance China, US look to diffuse trade conflict; talks slated late August
Author: 0 China, US look to diffuse trade conflict; talks slated late August

The visit is at the invitation of the United States, the ministry said in a short statement. Invited by the U.S., the delegation, headed by Commerce Vice Minister Wang Shouwen, will meet with a team of negotiators led by David Malpass, undersecretary for worldwide affairs of the U.S.

Finance Qatar pledges $15bn of direct investments in Turkey - Ankara
Author: 0 Qatar pledges $15bn of direct investments in Turkey - Ankara

The lira extended gains to 6 per cent after Qatar's Emir Sheikh Tamim Bin Hamad Bin Al Thani made the pledge after a 3-1/2-hour meeting with Erdogan in Ankara on Wednesday. The American Center for Law and Justice (ACLJ) says that the charges are not legitimate and that Brunson was arrested primarily because of his Christian faith.

Finance Regulatory limbo hits Tencent with first profit fall in almost 13 years
Author: 0 Regulatory limbo hits Tencent with first profit fall in almost 13 years

China's largest social media and gaming firm said April-June profit fell to 17.87 billion yuan (US$2.59 billion), lagging the 19.67 billion yuan average of 12 analyst estimates compiled by Thomson Reuters. Tencent delivered disappointing second quarter results as the Chinese technology giant struggles with regulatory hurdles for its gaming business. Tencent blamed its profit decline also on fewer investment gains.

Finance Turkish Court Rejects Appeal to Free Detained U.S. Pastor
Author: 0 Turkish Court Rejects Appeal to Free Detained U.S. Pastor

Another potential flash point this week will be an appeals court decision on the fate of Andrew Brunson , the evangelical pastor Erdogan accuses of aiding a coup attempt against him two years ago. The decree also doubled tariffs on American cosmetics, rice, and coal, among other imports. Lavrov held talks in Ankara with Turkish Foreign Minister Mevlut Cavusoglu days after the Turkish lira TRY= plummeted to an all-time low versus the USA dollar, while the Russian rouble RUB= lost almost ...

Finance Turkish lira rallies as Qatar makes $15 bil. loan pledge
Author: 0 Turkish lira rallies as Qatar makes $15 bil. loan pledge

President Recep Tayyip Erdogan announced Turkey's latest salvo Tuesday, saying his country will boycott USA -made electronic goods and turn to other manufacturers including South Korea's Samsung or Turkey's Vestel. Sanders said even if Brunson is released, US tariffs on steel would remain. "These are appeals that require fast decision making because they are related to an individual's freedoms", Brunson's attorney Ismail Cem Halavurt told Reuters .

Finance Turkey Escalates Feud With U.S. By Increasing Tariffs on American Imports
Author: 0 Turkey Escalates Feud With U.S. By Increasing Tariffs on American Imports

He was born on January 3, 1968 in Black Mountain. "Russia would be Turkey's more likely security partner before China, since the two countries already have a working relationship in Syria". Brunson is at the moment under house arrest. Last Friday, U.S. President Donald Trump said he had authorized higher tariffs on aluminium and steel imports from Turkey.

Finance Erdogan to boycott iPhones as Turkey's feud with U.S. escalates
Author: 0 Erdogan to boycott iPhones as Turkey's feud with U.S. escalates

Ankara has responded by threatening to boycott USA gadgets including Apple iPhones and sharply increasing duties on a number of American goods like tobacco, alcohol, cars, cosmetics, etc. Tensions between the two North Atlantic Treaty Organisation allies have intensified amid a dispute over the detention of Andrew Brunson, whom Turkey accuses of aiding a failed coup.

Finance India is considering 50% Iran oil cut to win US waiver
Author: 0 India is considering 50% Iran oil cut to win US waiver

Global benchmark Brent crude oil LCOc1 was down 50 cents a barrel at $71.96 by 0830 GMT. Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although United States sanctions against Iran still pointed towards tighter supply.

Finance Turkey to 'continue taking steps' to save lira's value
Author: 0 Turkey to 'continue taking steps' to save lira's value

Still, the currency lost nearly 10 per cent on Monday and nerves were briefly tested again as President Tayyip Erdogan urged Turks to boycott USA electronic products in response to recent criticism from Washington. White House press secretary Sarah Sanders said the U.S. had seen "no evidence that Pastor Brunson has done anything wrong". The Turkish lira hit a record low of 7.23 per dollar on Sunday, after President Recep Tayyip Erdogan remained defiant in a standoff against its North ...

Finance Why has Turkey's currency fallen so sharply?
Author: 0 Why has Turkey's currency fallen so sharply?

The dispute between the North Atlantic Treaty Organisation allies - brought to a new intensity by Turkey's holding of an American pastor for two years - has raised questions over the future of their partnership and fanned fears of a looming economic crisis in Turkey.

Finance Tesla forms three-member panel to look at any Musk deal
Author: 0 Tesla forms three-member panel to look at any Musk deal

The company said in the statement the special committee has the authority to take any action on behalf of the board to evaluate and negotiate a potential transaction and alternatives to any transaction proposed by Musk. A Tesla sales and service centre is shown in Costa Mesa, California, US. Board members Brad Buss, Robyn Denholm and Linda Johnson Rice will sit on the committee.

Finance Firefighter killed battling California's Ranch Fire
Author: 0 Firefighter killed battling California's Ranch Fire

The Holy Fire was one of almost 20 blazes across California alone, which is seeing earlier, longer and more destructive wildfire seasons because of drought, warmer weather attributed to climate change and home construction deeper into forests.

Finance Rupee breaches 70 per dollar mark as Turkey concerns persist
Author: 0 Rupee breaches 70 per dollar mark as Turkey concerns persist

The reason behind the fall in rupee was because of the drop in Turkish Lira , and the USA dollar gaining rapid strength amid fears that the economic crisis in Turkey could spread to other global economies. The rupee slipped as much as 0.2 per cent to 70.08 per dollar in Mumbai and is down nearly 9 per cent this year in Asia's worst performance. There is "nothing at this stage to worry".

Finance U.S. Stocks Fall, Dollar Gains Amid Turkey Fears: Markets Wrap
Author: 0 U.S. Stocks Fall, Dollar Gains Amid Turkey Fears: Markets Wrap

The Post Office said sales of lira in the past week were three times higher than a year ago. Amid a row with Washington over an American pastor being detained by Turkish authorities, the US has sanctioned two Turkish officials, with Erdogan blaming " economic terrorists " for the market sell-off.

Finance FBI Investigating How Man with 'Screws Loose' Stole, Crashed Plane
Author: 0 FBI Investigating How Man with 'Screws Loose' Stole, Crashed Plane

Those guys will rough me up if I try and land there", Russell responded. All the time while the plane was in the air, air traffic controllers gave the man instructions on how to fly a plane and tried to persuade him to land. She said airport officials have been in touch with other airports and airlines to begin to assess procedures. Authorities say Russell used a machine called a pushback tractor to first maneuver the aircraft, which was in a maintenance area.

Finance Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona
Author: 0 Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona

Neither he nor anyone else has supplied evidence that it was. Two new lawsuits accuse Musk and Tesla of violating federal securities law by allegedly making false statements to boost the company's stock price. The class includes investors who bought Tesla shares as they were rising in the wake of Musk's tweet. After adjusting for inflation, that's more than the record-setting buyout of RJR Nabisco that closed in 1989.

Finance Musk says he's talking with Saudi fund to take Tesla private
Author: 0 Musk says he's talking with Saudi fund to take Tesla private

That blog post appears to name Saudi Arabia's sovereign wealth fund as being responsible for the funding that Musk said was "secured" in his tweet. August 13, 2018, 3:38 p.m. The PIF sees its investment in Tesla as a strategic way for the world's biggest crude producer to hedge against oil, the people said. The Saudi fund hasn't made any firm decisions on whether to increase its stake, or by how much, but talks are ongoing, sources told Bloomberg .

Finance Tech stocks drive Nasdaq higher; Dow, S&P flat
Author: 0 Tech stocks drive Nasdaq higher; Dow, S&P flat

The Nasdaq Composite Index increased 3.46 points, or 0.04 percent, to 7,891.78. The S&P is also less than half a percent shy of the record it hit in late January. The Dow Jones Small-Cap Value TSM Index closed at 10,541.31 for a loss of -48.08 points or -0.45%. Seven of the 11 major S&P sectors were higher, with the materials sector leading the gains as aluminum prices rose.

Finance As Turkey's Economy and Lira Dive, Erdogan 'Pleads' for Relief
Author: 0 As Turkey's Economy and Lira Dive, Erdogan 'Pleads' for Relief

The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions . After nearly 20 months in a Turkish jail, Brunson was moved to house arrest in July by a court. Erdogan has been putting pressure on Turkey's central bank to not raise interest rates in order to keep fueling economic growth.

Finance Employee steals plane from Seattle airport, crashes it shortly
Author: 0 Employee steals plane from Seattle airport, crashes it shortly

Earlier in the flight, the man says: "This is probably, like, jail time for life, huh?" The Pierce County Sheriff's Office said the man, who has been identified as Richard Russell , was 29 years old and "suicidal". Beck said flying the "complex machine" would be more hard than a private plane. Russell said he was having a "blast" and had learned to fly from video games.