Business

Turkey lira crisis: Erdogan ‘faces prolonged ECONOMIC SQUEEZE as lira heads lower’

Turkey lira crisis: Erdogan ‘faces prolonged ECONOMIC SQUEEZE as lira heads lower’ The Turkish currency has come under pressure in recent days, weakening against the US dollar off the back of the political election fallout and rising tensions with US President Donald Trump. This week saw the lira tumble to a six-month low against the American greenback as it fell ...

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Germany CRISIS: Europe’s largest economy still faces ‘impending RECESSION risks’

Germany CRISIS: Europe’s largest economy still faces ‘impending RECESSION risks’ Europe’s largest economy has been dented in recent months by weak manufacturing and industrial sectors, compounded by the ongoing trade war between the United States and China ongoing Brexit uncertainty. This month saw the federal government slash its growth forecast for this year, predicting growth of 0.5 percent, down from ...

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Venezuela ‘swerving US sanctions by funnelling cashflow from oil sales through Russia’

Venezuela ‘swerving US sanctions by funnelling cashflow from oil sales through Russia’ The crisis-stricken South American nation has accused the US of provoking an economic war after President Donald Trump slapped tough restrictions on Venezuelan oil. The move was aimed at tightening a financial noose around Venezuelan leader Nicolas Maduro, who the US has openly described as a dictator, in ...

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Brexit Project Fear SMASHED: UK is NUMBER ONE for business investment, survey says

Brexit Project Fear SMASHED: UK is NUMBER ONE for business investment, survey says The UK has emerged as the top place for those who do business with mergers and acquisitions despite political uncertainty creating questions about the economy. The EY biannual Global Capital Barometer survey put the UK in number one place for business destinations for the first time in ...

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Pound LIVE: GBP Sterling higher against weakened euro as Germany manufacturing SHRINKS

Pound LIVE: GBP Sterling higher against weakened euro as Germany manufacturing SHRINKS Sterling climbing against the euro shortly after a business survey showed the German manufacturing sector contracted for the fourth month in a row. The German flash manufacturing PMI was weaker than expected at 44.5 in April, well below the 50.0 mark separating growth from contraction. The figure made for disappointing reading for ...

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Turkey lira CRISIS: New election could spark CHAOS for currency – market strategist

Turkey lira CRISIS: New election could spark CHAOS for currency – market strategist The Turkish leader has appealed for the Istanbul election to be re-run after his AK Party were defeated by a narrow margin to the main opposition Republican People’s Party (CHP). Recounts ended today and the CHP candidate Ekrem Imamoglu said he expected to be installed as mayor ...

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Bitcoin news: Venture capital firm looks to invest one BILLION dollars into crypto

Bitcoin news: Venture capital firm looks to invest one BILLION dollars into crypto The Californian company has said it will be turning its investment focus directly on to digital assets and the blockchain programming that underpins them. Also known as ‘a16z’, the mainstream institution is gearing up to prioritise crypto holdings across its portfolio in a move that will add ...

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GOLD RUSH: Precious metal price ‘could SOAR toward almost £1,100 by the end of this year’

GOLD RUSH: Precious metal price ‘could SOAR toward almost £1,100 by the end of this year’ Bullion prices are often boosted from global uncertainties, with gold considered a safe haven choice for investors in times of economic or political crisis. The world economy is currently under pressure from Brexit to-ing and fro-ing, an ongoing trade war between the United States ...

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