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Turkish lira: Expert warns meltdown is BIG enough to hit markets | City & Business | Finance

[ad_1] The Turkish lira remains under intense pressure after an intervention by the country’s central bank on Monday failed to shut down fears that the crisis will spread to global markets.Mr Paulsen, who is a chief investment strategist at Leuthold Group, said the Turkey crisis could be what tips the market balance.Speaking on CNBC, Mr Paulsen said: “I think that it is relevant here only because the market itself, I think,
Business

They Thought Hemophilia Was a ‘Lifelong Thing.’ They May Be Wrong.

[ad_1] Now, though, researchers see the start of a new era.“It’s a really optimistic time,” said Dr. Lindsey A. George, a hematologist at the Children’s Hospital of Philadelphia and a principal investigator for Spark Therapeutics, one of several companies developing gene therapies for hemophilia.Imperfect successesThe goal of gene therapy is to reduce or eliminate patients’ need for injections with clotting factor and to reduce the number of bleeds. The gene
Business

Fierce and Unpredictable: How Wildfires Became Infernos

[ad_1] Aug. 13, 2018MISSOULA, Mont. — In a large metal warehouse, Mark Finney opens a tall, clear glass tower and pours alcohol into a tray at the bottom and lights it. When he closes the door, an open vent at the bottom sucks in air and suddenly fire spirals upward, a narrow column of flame 12 feet tall.In the wild, these fire whirls are unpredictable and dangerous. An exceptionally powerful
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When the Menu Says ‘Organic,’ but All the Food Isn’t

[ad_1] “It is doable, but it is not easy,” said Alberto Gonzalez, an owner of one of New York City’s first certified organic restaurants, Gustorganics, which operated from 2008 to 2015. Each dish, for example, involved as many as 25 ingredients, and all of them had to be organic; but some ingredients had only one source — a farm or producer — that could supply an organic version.“If there was
Business

Sainsbury’s supermarket goes ’till-free’ – BBC News

[ad_1] Image copyright Sainsbury's Supermarket chain Sainsbury's is trialling its first "till-free" store, in which shoppers do not need to queue for a staffed or self-service checkout.Instead, customers can scan goods with a smartphone and put them straight into a bag.When they have finished shopping, their payment is processed by the phone.One industry expert suggested UK supermarkets had been inspired by a checkout-free trial store opened by online retailer Amazon
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Turkish Lira MELTDOWN: Erdogan in complete DENIAL about economic cost | City & Business | Finance

[ad_1] The Turkish lira remains under severe pressure on Monday after an intervention by the country’s central bank, which Mr Maggio said has developed to be a “branch of the government” in Turkey.President of Turkey Recep Tayyip Erdogan told supporters on Monday that the lira's free-fall was the result of a plot as he urged residents to exchange dollars and gold for lira – calling on the nation to stand united
Business

Elon Musk Says Meetings With Saudis Preceded Tweet on Taking Tesla Private

[ad_1] Elon Musk, Tesla’s chief executive, said on Monday that he had held meetings with representatives of a Saudi sovereign wealth fund who expressed an eagerness to help him take the electric-car maker private.Writing in a post on Tesla’s corporate blog, Mr. Musk offered his fullest explanation yet for what he said were the circumstances behind his Aug. 7 message on Twitter that he was “considering taking Tesla private at
Business

Clues to Your Health Are Hidden at 6.6 Million Spots in Your DNA

[ad_1] With a sophisticated new algorithm, scientists have found a way to forecast an individual’s risks for five deadly diseases.A set of human chromosomes. Researchers have developed a tool that surveys alterations in DNA and millions of points in the genome.CreditPhilippe Plailly/Science SourceScientists have created a powerful new tool to calculate a person’s inherited risks for heart disease, breast cancer and three other serious conditions. By surveying changes in DNA
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DealBook Briefing: Turkey’s Chaos Could Be Your Problem

[ad_1] Good Monday . Want this in your inbox every morning? Sign up here.Fears of Turkish contagion are spreadingThe Turkish lira keeps sliding, and that could hurt all of us. U.S. stock futures were down this morning after declines in European and Asian markets. Perhaps even more worrying: Beijing weakened the renminbi against the dollar, a sign that other emerging markets’ currencies could be suffering.The Turkish central bank is responding:
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Pound euro exchange rate: Turkey lira meltdown helps GBP edge away from worst rates | City & Business | Finance

[ad_1] Following a week which saw pound hit its lowest rate against the euro since September 2017, Sterling has managed to halt its recent downtrend.While the pound derived little support from last Friday’s UK growth data, the escalating financial crisis in Turkey has proved negative to the euro.This is due to the European Central Bank (ECB) expressing concerns that Turkey’s dilemma might have knock-on effects in the Eurozone.These fears were