Tag Archives: consumer

This Week: Job openings, consumer prices, Coca-Cola results

This Week: Job openings, consumer prices, Coca-Cola resultsA look at some of the key business events and economic indicators coming up this week:



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Erdogan calls for boycott of iPhones as he targets American consumer products in retaliation for Turkey sanctions

Erdogan calls for boycott of iPhones as he targets American consumer products in retaliation for Turkey sanctionsTurkey’s president escalated tensions with the US on Tuesday after calling for a boycott of American electronics, amid reports that diplomatic talks have stalled over the issue of a detained pastor. Showing no signs of backing down in a standoff with President Donald Trump, Recep Tayyip Erdogan suggested that Ankara would stop buying US-made iPhones and buy Korean or Turkish-made models instead. "If they have the iPhone, there is Samsung elsewhere. We have Vestel," he said, renewing calls for Turks to convert their dollars to lira as the Turkish currency began to rally on Tuesday morning. However, financial experts questioned whether such a move would have much of an effect given Turkey’s current purchasing power. Some even pointed to the irony of Mr Erdogan lashing out at American tech companies. The president fended off a coup attempt two years ago by appealing to his supporters via FaceTime, the Apple video chat app. The country’s finance chief, Mr Erdogan’s son-in-law, is due to address foreign investors later on Tuesday, in an attempt to quell growing concerns.  Andrew Brunson: The evangelical US pastor at the heart of the Turkey crisis Talks between the two Nato countries seem to have been frozen until Turkey releases American evangelical pastor Andrew Brunson, who stands accused by Ankara of espionage and terrorism related to the 2016 putsch.  John Bolton, White House National Security Adviser, told Turkey’s Ambassador Serdar Kilic in Washington on Monday that there was nothing further to discuss until Mr Brunson was freed. The US had believed it had agreed a swap deal with Turkey during a Nato summit in July, where Mr Brunson would be released in return for a Turkish actress held by Israel over links to Hamas. Turkish citizens look at a board showing foreign currency rates inside a currency exchange shop in Ankara Credit: AP Actress Ebru Özkan was released the next day, while the pastor was moved from prison to house arrest. Mr Brunson’s lawyer Ismail Cem Halavurt on Tuesday appealed again to a Turkish court to release him and lift his travel ban. He said the court had up to seven days to decide. Mr Brunson, who faces up to 35 years in jail if found guilty, denies the charges. The lira started to stage a recovery on Tuesday following its dramatic two-day collapse. After plunging to record lows yesterday, the currency clawed back as much as 9.1 per cent, although it slipped again after Mr Erdogan's remarks on consumer goods. The earlier rebound was pinned on local investors attempting to cash in on the lira slide by selling their dollars. Retail investors in Turkey are understood to have sold $ 50m (£39m) to $ 60m in foreign currency with the jump in the lira exaggerated by thin trading volumes, according to Bloomberg. Markets were also somewhat soothed by Turkey’s central bank loosening cash buffer requirements for the country’s banks and its finance minister setting up a call with investors. Despite the lira’s rally, it has still lost 42 per cent of its value against the dollar in 2018.



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Latest E. Coli Outbreak Is Over; Consumer Reports Says It's Safe to Eat Romaine Lettuce

Latest E. Coli Outbreak Is Over; Consumer Reports Says It's Safe to Eat Romaine LettuceOne of the nation's deadliest E. coli outbreaks is over, the government advised Thursday, and Consumer Reports says it's now safe to eat romaine lettuce again. The Centers for Disease Control and…



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Senator slams bank gun policies, threatens consumer complaint

Senator slams bank gun policies, threatens consumer complaintBy Katanga Johnson WASHINGTON (Reuters) – A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services. Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies.



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Chevrolet Bolt wins top 'green car' from Consumer Reports

Chevrolet Bolt wins top 'green car' from Consumer ReportsWASHINGTON (Reuters) – Hyundai Motor Co's Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co's electric Chevrolet Bolt was named top pick for compact green car.



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Chevrolet Bolt wins top 'green car' from Consumer Reports

Chevrolet Bolt wins top 'green car' from Consumer ReportsWASHINGTON (Reuters) – Hyundai Motor Co's Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co's electric Chevrolet Bolt was named top pick for compact green car.



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More E. Coli Cases Identified: Consumer Reports Says Romaine Still a Risk to Eat

More E. Coli Cases Identified: Consumer Reports Says Romaine Still a Risk to EatThe Centers for Disease Control and Prevention (CDC) announced today that seven new E. coli infections have been identified, likely associated with contaminated "leafy greens."  The seven new rep…



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Stay away from romaine lettuce, Consumer Reports advises

Stay away from romaine lettuce, Consumer Reports advisesPeople should stay away from romaine lettuce until U.S. and Canadian health officials get to the bottom of an outbreak of E. coli infections, Consumer Reports says.



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Elizabeth Warren Rallies Supporters Against Trump's Consumer Watchdog Appointment

Elizabeth Warren Rallies Supporters Against Trump's Consumer Watchdog Appointmentrallied progressive activists on Tuesday against President Donald Trump’s appointment of an interim head of the Consumer Financial Protection Bureau.



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Who's the boss come Monday at consumer agency?

Who's the boss come Monday at consumer agency?Who's the boss? That's the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The White House then named its own interim leader.



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