U.S. stock index futures fell about half a percent on Friday, tracking global shares, as the Turkish lira tumbled on concerns over the country’s economy and its deepening rift with the United States.
Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment.
A plunge in the Turkish lira rocked global equities and emerging markets on Friday, and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.
A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds.
Ryanair faced its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season.
Ryanair has been hit by strikes across Europe as it struggles in negotiations with trade unions, forcing it to cancel flights and hurting some of its bookings.
Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
Financial concerns are rising involving Turkey and Russia. …read more […]
Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
Ford Motor Co (F.N) on Friday said its sales in China fell 32 percent in July from a year earlier to 57,662 vehicles, as the U.S. carmaker continued to suffer from a lack of fresh models in the world’s largest auto market. The latest figure followed a 38 percent tumble in June, leading to the automaker’s worst-ever first-half year in China since starting operations in the country in 2001. For January-July, Ford’s China sales dropped 26 percent versus the same period a year earlier to 458,105 vehicles. …read more […]
Worries over the plunging Turkish lira and Russian ruble pulled the euro lower on Friday and rippled through riskier assets worldwide, sending stock markets lower and buoying safe haven assets such as U.S. Treasuries.
In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world’s biggest agriculture firms to market with the next potential breakthrough in genetic engineering – a crop with “edited” DNA.
An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries.
Asian stock markets fell on Friday despite signs of greater government support for firms in China, with global trade tensions clouding the outlook for demand.
Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc last month, is returning to Apple Inc , Apple told Reuters on Thursday.
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