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Lira Plunges Again After Erdogan Cites Islam To Defend Rate Cuts

Business / By

Turkey’s troubled lira nosedived Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilise the currency. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to more than 20 percent. Economists believe the policy could see consumer price increases …

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‘I’m so excited’ – England reopens with pints pulled, shopping sprees and hair cuts

Top News, World / By

People walk on a street, as the coronavirus disease (COVID-19) restrictions ease, in London, Britain April 12, 2021. REUTERS/Henry Nicholls April 12, 2021 By Carl Recine, Kate Holton and Sarah Young BIRMINGHAM, England (Reuters) – Crowds queued up outside shops, pubs started selling pints at midnight and hairdressers welcomed desperate customers on Monday as England …

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GOP Senator blasts infrastructure bill for removing 2017 tax cuts

Politics, Top News / By

Sen. Roger Wicker (R-MS). (Photo by Greg Nash – Pool/Getty Images) OAN NewsroomUPDATED 5:05 PM PT – Sunday, April 4, 2021 Mississippi Senator Roger Wicker (R) suggested Joe Biden’s infrastructure bill was not meant to pass with bipartisan support. While speaking with NBC, Wicker said the removal of President Trump’s signature 2017 tax cuts was enough …

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GM further cuts production in North America due to global chip shortage

Top News / By

FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook March 24, 2021 By Ben Klayman DETROIT (Reuters) -General Motors Co extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the …

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Georgia GOP Opposes Biden Spending Bill Over Language That Blocks State Tax Cuts

Politics, Top News / By

Georgia Republicans are opposing a stipulation in President Joe Biden’s $1.9 trillion coronavirus relief bill that could block states from using the federal funds to pay for tax cuts. The sweeping relief package, named The American Rescue Plan Act of 2021, was approved by Congress on March 10 and is headed back to President Biden’s desk. It includes a …

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OPEC+ extends most oil output cuts into April, Saudi keeps voluntary curb

Politics, Top News / By

FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo March 4, 2021 By Rania El Gamal and Olesya Astakhova DUBAI/MOSCOW (Reuters) – OPEC and its allies agreed to extend most oil output cuts …

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GM extends production cuts due to chip shortage, Stellantis warns of lingering pain

Politics, Top News / By

FILE PHOTO: Chevrolet Equinox SUVs are parked awaiting shipment next to the General Motors Co (GM) CAMI assembly plant in Ingersoll, Ontario, Canada October 13, 2017. REUTERS/Chris Helgren/File Photo March 4, 2021 By Ben Klayman and Nick Carey DETROIT/LONDON (Reuters) – The global semiconductor chip shortage led General Motors Co on Wednesday to extend production …

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Workers from home beware – pay cuts might be the price of freedom

Top News / By

FILE PHOTO: A man works in his kitchen during the coronavirus disease (COVID-19) outbreak in Sassenheim, Netherlands October 2, 2020. REUTERS/Eva Plevier February 18, 2021 LONDON (Reuters) – Dreaming of working remotely from that cottage in the hills? There is a good chance you will get paid less, according to a survey of human resources …

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Biden cuts off emergency military funding for border wall, calls Trump’s declaration ‘unwarranted’

Politics, Top News / By

FILE – This March 2, 2019 photo shows a Customs and Border Control agent patrols on the U.S. side of a razor wire covered border wall along the Mexico east of Nogales, Ariz. (AP Photo/Charlie Riedel,File) OAN NewsroomUPDATED 7:14 AM PT – Friday, February 12, 2021 The Biden administration has continued to gut President Trump’s …

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