Economy

Turkey invites U.S. to panel in WTO

Turkey invited the U.S. to a panel in the World Trade Organization (WTO) about doubling tariffs on steel and aluminum imports, Turkish Trade Minister Ruhsar Pekcan said. Speaking at a working dinner on the sidelines of …

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 Trump: steel tariffs to rescue U.S. steel industry

U.S. President Donald Trump said in the interview released by The Wall Street Journal that his steel tariffs on China and other countries are rescuing a U.S. industry. He also predicted that the competition U.S. …

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Turkey liquidating U.S. treasuries

Turkey dropped off the U.S. government’s list of major owners of Treasury debt, according to a Treasury Department report released Wednesday.  Turkey’s holdings of bonds, bills and notes have fallen 42% in the first …

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Baku to host German-Azerbaijani business forum

The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) will organize the German-Azerbaijani Business Forum “Energy and ICT in Azerbaijan” in Baku on October 9 with support of the German Eastern Business Association (Ost-Ausschuss …

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Will dollar be rejected as global currency?

U.S. actions have provoked a number of countries to switch towards trading in national currencies, and Turkey is actively discussing it with Russia, China and other countries," Turkish President Recep Tayyip Erdogan’s …

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What does Merkel bring to Baku?

One of the key topics of Chancellor Angela Merkel's forthcoming visit to Azerbaijan - a country leading in economic cooperation with the European Union in the South Caucasus - will be the prospects of economic …

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Ruble currency storm put on hold

Russia's ruble exchange rate rose today on the Moscow Exchange. At the moment of the opening of the stock exchange US currency traded at 67.11 rubles, in an hour it reached a low of 66.51 rubles, as of 11:10am (MSK).  …

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Iran's Ayatollah wants 'no negotiations with the US'

Iran's supreme leader said Monday there would be neither war nor negotiations with the United States, and that the country's problems were the result of government mismanagement more than renewed sanctions. As SBS News writes in …

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