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The Turkish lira has finally stabilised as Erdogan promises action against ‘economic terrorists’

The Turkish lira has stabilised on Tuesday morning after over a week of big losses. The currency is still down around 33% against the dollar so far in August.
Roughneck Brian Waldner is covered in mud and oil while wrestling pipe on a True Company oil drilling rig outside Watford, North Dakota.

Oil tumbles as much as 2% as Oklahoma crude piles up

Oil prices slid Monday after inventories at the US crude delivery hub jumped last week, adding to demand concerns.
The frustrated voyage of the Peak Pegasus

A cargo ship carrying $20 million of soybeans has been drifting off the coast of China for a month — and it shows the real-world effects of the ...

A container ship owned by JPMorgan carrying a cargo of soybeans worth $20 million has been circling off the Chinese coast for over a month, caught in the middle of the US-China trade war.

Oil slides after China announces tariff on US crude

Oil prices slumped Wednesday after Beijing announced it would retaliate against the Trump administration with a 25% tariff on another $16 billion worth of US products, including crude exports to China.
Chinese President Xi Jinping

China is preparing a counterattack to Trump’s latest tariff threat as the trade war continues to escalate

China on Friday said it would impose retaliatory tariffs on about $60 billion worth of US goods if the Trump administration continued to escalate a trade war between the two countries.

The US slapped sanctions on 2 top Turkish officials over their role in detaining an evangelical pastor

The US imposed sanctions against two top Turkish officials on Wednesday in a long-standing dispute over Turkey's detention of American pastor Andrew Brunson. Brunson was arrested in 2016 and has been accused of leading a failed military coup against Turkish President President Recep Tayyip Erdogan.

The Turkish lira plunges to a record low after the US announces sanctions

Turkey's currency plummeted to a record low against the dollar Wednesday after the White House said it plans to impose sanctions on Ankara unless it releases a detained American pastor who has been imprisoned in the country for nearly two years.

Stocks stage comeback amid hope for US-China trade talks

Stocks staged a comeback Tuesday after a three-session losing streak amid optimism for cooling trade tensions between the US and China. The dollar rose, and Treasury yields fell.
Farmer John Duffy and Roger Murphy load soybeans from a grain bin onto a truck

Soybeans are going bananas

Soybean prices jumped Tuesday on the prospect of easing trade tensions, heading for the longest streak of gains in nearly a year.
Deforestation at a logging camp in Mandalay, Myanmar.

On August 1, we’ll have consumed more resources than the Earth can regenerate in a year — here’s how you can reduce your ecological ...

Earth Overshoot Day is the day each year when humans have consumed a year’s worth of the planet’s natural resources. In 2018, it falls on August 1. If everyone lived like US residents, we would need five earths to meet our annual consumption. Want to reduce your ecological footprint? Here's how.