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Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

The summer holiday in the bond market may be a long one for Turkey. New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond losses among the worst in emerging markets amid a plunge in the lira, the dollar-debt market may be shut for some time to come. Quiet Summer Turkish bond sales have dried up since April as uncertainties deterred issuers

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Gas Truck Explodes on Italian Highway; 2 Dead, Scores Hurt

Milan (AP) — A tanker truck carrying a highly flammable gas exploded Monday after rear-ending a stopped truck on a crowded highway near the northern Italian city of Bologna. At least two people were killed, up to 70 injured and part of the raised expressway collapsed in the fireball. Police said the accident and subsequent fire and explosion injured between 60 and 70 people, some with severe burns. It also shut down a highway north of the city that is a key route between northern Italy and the Adriatic Coast…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. The U.S. and European Union will “hold off on other tariffs”’ while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU “in due course,” Juncker said.…

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Putins Soccer Ball for Trump Had Transmitter Chip, Logo Indicates

Russian President Vladimir Putin’s gift of a soccer ball to U.S. President tweeted, “I’d check the soccer ball for listening devices and never allow it in the White House.” It turns out they weren’t entirely wrong. Markings on the ball indicate that it contained a chip with a tiny antenna that transmits to nearby phones. But rather than a spy device, the chip is an advertised feature of the Adidas AG ball. Photographs from the news conference in Helsinki, where Putin handed the ball to Trump, show it bore a…

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Users Sue Juul for Addicting Them to Nicotine

Juul Labs, the San Francisco-based e-cigarette company, is under pressure from parents, schools, public health advocates, lawmakers, and the Food and Drug Administration for its popularity with younger users, who have gravitated to Juul’s discrete rechargeable vaping device and nicotine pods in flavors like mango and fruit medley. Now come the lawsuits. Since April, consumers have filed at least three complaints against Juul. Two of the lawsuits were filed in California and allege Juul deceptively marketed the product as safe, when it contains more potent doses of nicotine than cigarettes.…

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How Americans Wound Up on Twitter’s List of Russian Bots

If you followed Rebecca Hirschfeld’s @Beckster319 account on Twitter in the weeks leading up to the 2016 election, you would have seen that she’s an actress, a huge fan of David Bowie but not so much of Donald Trump, and that she enjoyed anything flavored with pumpkin. Around the same time, if you looked at Markiya Franklin’s @internalmemer account, you would have gathered that she supports Black Lives Matter and is a K-pop diehard. Chris Osborne’s @skatewake1994 account was into surfing and snowboarding with a passion, along with saying a…

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It Just Got Easier for the FCC to Ignore Your Complaints

It may soon be harder to get the Federal Communications Commission to listen to your complaints about billing, privacy, or other issues with telecommunications carriers like AT&T and Verizon. Today, the agency approved changes to its complaint system that critics say will undermine the agency's ability to review and act on the complaints it receives. On Wednesday, The Washington Post reported that the controversial changes had been dropped from the proposal, but the commission voted 3–1 along party lines to approve it with the changes intact. "I believe we should…

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The AirlinePropeller Era Is Coming to an End

A chapter of U.S. air travel came to a quiet end on July 4 when the final turboprop flight at American Airlines Group Inc. landed on Maryland’s Eastern Shore at dusk. American regional carrier Piedmont Airlines was the final operator of turboprops among the Big Three U.S. carriers and their affiliates, an era that stretched back to the first flights by Delta Air Lines Inc. and United in 1928. American’s initial commercial service in June 1936 used a Douglas DC-3.  United ended its prop flying May 31, with the last service in…

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Reps. Khanna and Ratcliffe: Its Time to Modernize Government Websites

It’s no secret that the federal government is way behind the private sector when it comes to modernization and technology. Because of these outdated systems, many federal agencies rank staggeringly behind the private sector when it comes to customer service. WIRED OPINION ABOUT US Rep. John Ratcliffe (R-Texas) (@RepRatcliffe) is chairman of the House Homeland Security Subcommittee on Cybersecurity and Infrastructure. US Rep. Ro Khanna (D-Calif.) (@RepRoKhanna) represents the Silicon Valley and serves on the Budget and House Armed Services Committees. In data collected last year, Healthcare.gov and USAJobs.gov were…

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Welcome to Waltonville, Where the Worlds Richest Family Reigns

The largest family fortune on earth is run out of two floors of unmarked suites in Bentonville, Arkansas. The building is a discreet nerve center for the Walton family’s $152 billion hoard. There are plenty more overt signs of their success in the heart of the city. Walton’s former five-and-dime store in Bentonville, Arkansas. Photographer: Tom Metcalf/Bloomberg “Outside of monarchies, this is one of the greatest fortunes ever amassed,” said Andy Hart of Delegate Advisors, a multifamily office with locations in San Francisco and Chapel Hill, North Carolina. “Monarchies and…

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Crypto Collapse Spreads WithHundreds of Coins Plungingin Value

The meltdown in Bitcoin is weighing on more than the biggest cryptocurrency. Over 80 percent of 1,586 digital coins Finder.com tracks in a weekly survey decreased in price in the past seven days. The tokens fell 19 percent on average, Finder.com found in the week ended June 25. Trading volume dropped as well, declining by 6 percent from the previous week, Finder.com said. Bitcoin, Tether, Ether, EOS and Bitcoin Cash were the top five traded cryptocurrencies. Volume was half of what it was at the end of April, when Finder.com…

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First Marijuana-Based Medicine Is Approved for Sale in U.S.

The first-ever medical treatment derived from a marijuana plant will hit the U.S. market in a few months after regulators on Monday gave the epilepsy treatment the green light. The Food and Drug Administration approved Photographer: Kathy Young/AP Epilepsy patients and doctors have long had interest in marijuana’s therapeutic potential. The approval marks the first time patients will have access in the U.S. to a cannabis-derived drug that has undergone a safety and efficacy review by the FDA. “The same principles around any prescription medication can now be applied to…

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When It Comes to Tipping, Millennials Are Cheapest

U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed. Ten percent of millennials don’t tip at all when dining out compared with only three percent among the older generations, according to a The study was conducted for CreditCards.com by market-research firm GfK, which gathered data last month from 1,000 Americans aged 18 and older. Millennials were defined as between the ages of 18 and 37. Beyond those poor…

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Charles Krauthammer, Prominent Conservative Voice, Has Died

New York (AP) — Charles Krauthammer, the Pulitzer Prize-winning columnist and pundit who helped shape and occasionally dissented from the conservative movement as he evolved from "Great Society" Democrat to Iraq War cheerleader to denouncer of Donald Trump, died Thursday. He was 68. His death was announced by two organizations that were longtime employers, Fox News Channel and The Washington Post. Krauthammer had said publicly a year ago he was being treated for a cancerous tumor in his abdomen and earlier this month revealed that he likely had just weeks…

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Why Apples AirPower Wireless Charger Is Taking So Long to Make

When Energous Corp., which is developing a wireless-charging system called WattUp, fell 4.3 percent on Thursday. The company has said it’s working with tier 1 device makers, sparking speculation that Apple is a partner. However, the iPhone maker is using a mix of its own chip and wireless technology from the Qi standard. Apple plans to produce the charger with

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