• Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal
Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Instead, it's the tweet's final two words, "funding secured", that could create problems. Tesla's board has not received a detailed financing plan from Chairma/CEO Musk, and is seeking more information , Reuters reported last Thursday.

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  • California firefighters begin week on attack
California firefighters begin week on attack

The unidentified firefighter was killed on Monday while battling the Ranch Fire , one of two blazes that make up the Mendocino Complex, which has already charred about 349,000 acres (141,200 hectares), the California Department of Forestry and Fire Protection (Cal Fire) said.

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  • Tesla Hit With Third Class-Action Suit Over Musk's Stock Tweets
Tesla Hit With Third Class-Action Suit Over Musk's Stock Tweets

Musk broke silence in a blog post Monday after several days of speculations on how he is going to privatize Tesla following his announcement on Twitter on August 7 that he was considering taking Tesla private at a price of 420 USA dollars per share.

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  • World stocks hit one-month low as Turkish rout spreads
World stocks hit one-month low as Turkish rout spreads

The lira has lost more than 40 per cent against the dollar this year, largely over worries about President Recep Tayyip Erdogan's influence over the economy, his repeated calls for lower interest rates, and worsening ties with the United States.

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  • Turkey 'implores' Trump to return to table on tariffs
Turkey 'implores' Trump to return to table on tariffs

The White House said Trump would use a section of US law that allows for tariffs on national security grounds to impose the increased duties. Erdogan has cast the recent slide in the lira as a war and without naming countries said supporters of a failed military coup two years ago, which Ankara says was organized by a US -based Muslim cleric,...

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  • McDonald's offering chance to win McGold Card, free food for life
McDonald's offering chance to win McGold Card, free food for life

The card is valued at $52,350 and entitles the victor to two free meals per week for 50 years. According to the brand's website , customers will receive one entry every time they pick up an order that they've placed by using Mobile Order & Pay from August 10 to August 24.

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  • Turkey's Erdogan says lira weakness a plot, can not be explained by logic
Turkey's Erdogan says lira weakness a plot, can not be explained by logic

Washington earlier this month already imposed sanctions on senior Turkish officials over the Brunson case, angering Erdogan and prompting retaliatory measures by Ankara . Brunson, who has been held since 2016, faces up to 35 years in prison on charges of allegedly aiding Kurdish separatists and a group that Erdogan blames for a failed 2016 coup ...

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  • US stocks closed mixed amid data, earnings
US stocks closed mixed amid data, earnings

Riley FBR in NY. Occidental Petroleum ( OXY.N ) fell 4.2 percent after it maintained a tepid production forecast for the year. You worry about the effects on Europe. Tesla had closed up 11 percent on Tuesday after Chief Executive Elon Musk said he was considering taking the company private. Data on Friday showed US consumer prices rose in July ...

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  • Trump's decision to double tariffs on Turkey 'brutal'
Trump's decision to double tariffs on Turkey 'brutal'

The White House said later that Trump had authorised his administration to prepare documents imposing the increased duties under a section of USA law that allows for tariffs on national security grounds. Washington imposed the metals tariffs on national security grounds, claiming the glut of steel and aluminum harmed USA companies and the economy. ...

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  • U.S. imposes sanctions on Russian Federation over Skripal poisonings in Salisbury
U.S. imposes sanctions on Russian Federation over Skripal poisonings in Salisbury

Turkey's lira, Britain's pound and now Russia's rouble are all in play this week with outsize losses in each due to domestic policy concerns and global trade and diplomatic relations. With these sanctions , the exports will be presumptively denied . Rand Paul hand-delivered a letter from Mr. Trump to Putin, asking for "expanding dialogue".

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  • As US slaps on fresh tariffs, China fires back
As US slaps on fresh tariffs, China fires back

The US had already levied 25 per cent duties on US$34 billion in Chinese goods on July 6 , prompting swift in-kind retaliation from Beijing. The US and China have been trying to restart high-level talks that broke off after Trump followed through on his tariff threats.

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