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Turkish lira at record low as Trump doubles tariffs

Turkish lira at record low as Trump doubles tariffs

Business
Turkey's currency slumped to a new record low as Donald Trump compounded the country's economic crisis by doubling steel and aluminium tariffs. The US president revealed the action on Friday as he noted how the Turkish lira "slides rapidly downward" against the "very strong" US dollar.Amid an escalating feud with Ankara, Mr Trump added on Twitter: "Our relations with Turkey are not good at this time!"The day saw the lira plunge as much as 18% at one point, the biggest one-day drop since Turkey's 2001 financial crisis.Now at a new record low, Turkey's currency has lost more than 40% this year. Image: Donald Trump claimed 'relations with Turkey are not good at this time!' The slump is attributed to the tensions...
EU fines Google a record $5 billion over mobile practices

EU fines Google a record $5 billion over mobile practices

Technology
European regulators came down hard on another U.S. tech giant Wednesday, fining Google a record $ 5 billion for forcing cellphone makers that use the company's Android operating system to install Google search and browser apps. The European Union said Google's practices restrict competition and reduce choices for consumers. While Google can easily afford the fine, the ruling could undermine the company's business model, which relies on giving away its operating system in return for opportunities to sell ads and other products. Google immediately said it will appeal, arguing that its free operating system has led to lower-price phones and created competition with its chief rival, Apple. Android has "created more choice for everyone, not less," Google CEO Sundar Pichai tweeted . The fine, ...
Three Lions breaks chart record

Three Lions breaks chart record

Entertainment
After a heart-breaking week for English football fans, Three Lions is number one on this week's official singles chart.It's the first time in chart history a song has scored four spells at number one with the same artist line-up.The original 1996 version had two one-week stints whilst the 1998 re-work had a three-week spell.With over 1.6 million copies sold since its release, the anthem is also one of the UK's best-selling singles ever. 'It's Coming Home': The song that defines England England World Cup defeat seen by 26.5m Radio 1's chart show host Scott Mills said: "England gave us everything at this World Cup. The whole country got swept away with it."Three Lions being the official number one shows how we really got behind ou...
Are ODIs too batsman friendly? Analysis & vote after England's record 481-6

Are ODIs too batsman friendly? Analysis & vote after England's record 481-6

Sports
Media playback is not supported on this device England's batsmen caused carnage once again, returning to Trent Bridge to break the record for the highest total in a one-day international for the second time in two years.Their 481-6 to destroy Australia by 242 runs beat the 444-3 made against Pakistan in 2016.It continues a trend of devastating batting that has rippled through the ODI game in the past five years. The magic 400 mark was first passed by Sri Lanka in 2006 and was matched on nine other occasions until the end of 2011.What followed was a wait of almost three...
Gazprom Neft reports record dividend yield

Gazprom Neft reports record dividend yield

Business
June 11 (UPI) -- Coming off a record-setting year in terms of income, Russian oil company Gazprom Neft's chairman said shareholders are now reaping the rewards. The board of directors at Russia's third-largest oil producer approved a payout of $ 1.15 billion in dividends, or about $ 0.24 per share, 40 percent higher than last year. Gazprom Neft recorded a net profit of $ 4 billion last year. "Gazprom Neft's record dividend yield is underpinned by the company's strong financial results," Alexander Dyukov, the company's board chairman, said in a statement during the weekend. "In 2017, Gazprom Neft achieved the highest net profit in its history, with adjusted EBITDA up by more than 20 percent." Earnings before interest, taxes, depreciation and amortization are used to compare profitability ...