Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f


Economic and political developments in Turkey have had investors worried for more than a year now. One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession. “So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be f
Turkish central bank needs to be ‘fully independent,’ IMF’s Europe director says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


Turkish central bank needs to be 'fully independent,' IMF's Europe director says

Economic and political developments in Turkey have had investors worried for more than a year now.

One of the country’s most immediate needs if it wants to get its house in order is to ensure total independence of its central bank, according to the man who led the bailouts of Greece, Portugal, Iceland and Ukraine during the Great Recession.

“Turkey faces a number of challenges, and one of them is that the central bank needs to be fully independent so it can continuously assess and tighten policies as circumstances change in a forward-looking manner,” Poul Thomsen, director of the International Monetary Fund’s Europe department, told CNBC’s Joumanna Bercetche during the IMF Spring Meetings in Washington, D.C. over the weekend.

“So we welcome the increase we’ve seen in interest rates in the last six to seven months, but it’s important that the Turkish central bank be allowed to be fully independent in its assessment of monetary policy in addition to a number of other challenges on fiscal policy, and more transparency.”

Turkey’s economy is already in recession, rocked last year after fears over government interference into central bank independence, over-leveraged banks, a large current account deficit and a diplomatic spat with the U.S. triggered investor and capital flight. The lira lost 36 percent of its value against the dollar by the end of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: natasha turak, chris mcgrath, getty images
Keywords: news, cnbc, companies, fully, director, central, bank, europe, number, turkish, needs, independence, challenges, monetary, imfs, independent, policy


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Mickey vs Masa: The battle between Uber and Lyft pits two Japanese billionaires against each other

The rivalry between ride-hailing giants Uber and Lyft is poised to heat up in 2019 as both prepare to hit the public markets. According to Lyft’s IPO prospectus filed on Friday, e-commerce and internet conglomerate Rakuten owns 13 percent of the company. But in the Uber-Lyft rivalry, Mikitani is taking a more hands-on approach. SoftBank was given two Uber board seats with its investment, but Son isn’t going to be one of the directors. Mikitani is a close adviser to the company and shared the sta


The rivalry between ride-hailing giants Uber and Lyft is poised to heat up in 2019 as both prepare to hit the public markets. According to Lyft’s IPO prospectus filed on Friday, e-commerce and internet conglomerate Rakuten owns 13 percent of the company. But in the Uber-Lyft rivalry, Mikitani is taking a more hands-on approach. SoftBank was given two Uber board seats with its investment, but Son isn’t going to be one of the directors. Mikitani is a close adviser to the company and shared the sta
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Company: cnbc, Activity: cnbc, Date: 2019-03-02  Authors: ari levy, chris mcgrath, getty images, danish siddiqui, michael reaves
Keywords: news, cnbc, companies, mickey, battle, son, company, ridehailing, japanese, investment, masa, pits, billionaires, mikitani, lyft, rivalry, vs, billion, uber, technology


Mickey vs Masa: The battle between Uber and Lyft pits two Japanese billionaires against each other

The rivalry between ride-hailing giants Uber and Lyft is poised to heat up in 2019 as both prepare to hit the public markets.

But the battle may be more intense in Japan than the U.S.

That’s because while the two competitors are located just a couple miles apart in San Francisco, the biggest shareholder in each company is based in Tokyo.

According to Lyft’s IPO prospectus filed on Friday, e-commerce and internet conglomerate Rakuten owns 13 percent of the company. SoftBank, led by Masayoshi Son, acquired about 15 percent of Uber last year.

Uber and Lyft have been at the center of a capital-raising bonanza in technology over the past half-decade, with venture firms, private equity shops, hedge funds and multinational corporations pouring in billions of dollars to fund massive growth efforts before the recipients were ready or willing to go public.

“We have seen the future and this is it,” Rakuten founder and CEO Hiroshi Mikitani, now 53, said in the 2015 press release announcing a $300 million investment in Lyft. “We believe businesses like Lyft that unlock the latent potential that exists in people and society hold the key to the future.”

Mikitani, who goes by “Mickey,” didn’t know that he’d soon be going up against countryman and fellow billionaire Son, who goes by “Masa,” in the burgeoning ride-hailing market. Son is currently the third-wealthiest person in Japan, with a net worth of $17.1 billion, while Mikitani is sixth at $4.86 billion, according to the Bloomberg Billionaires Index.

Son has the much bigger profile since he launched the $100 billion Vision Fund in 2017 with a promise to pour hundreds of millions, and sometimes $1 billion or more, into tech companies, trying to pick the winners in what he expects to be gargantuan categories.

But in the Uber-Lyft rivalry, Mikitani is taking a more hands-on approach.

SoftBank was given two Uber board seats with its investment, but Son isn’t going to be one of the directors. Mikitani has been on Lyft’s board ever since his investment four years ago. He was selected because of “his extensive operating and management experience with major technology companies,” the prospectus says. Mikitani is a close adviser to the company and shared the stage at a company conference last year with Lyft co-founder John Zimmer.


Company: cnbc, Activity: cnbc, Date: 2019-03-02  Authors: ari levy, chris mcgrath, getty images, danish siddiqui, michael reaves
Keywords: news, cnbc, companies, mickey, battle, son, company, ridehailing, japanese, investment, masa, pits, billionaires, mikitani, lyft, rivalry, vs, billion, uber, technology


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Japanese women challenge Valentine’s Day tradition of giving chocolate to male coworkers

Valentine’s Day comes first, so women set the bar for who receives a treat as well as the caliber of the treat. Still, 35 percent of women plan on handing out chocolate treats to male coworkers this year, according to a poll by a Tokyo department store. More women, though, about 60 percent, plan to indulge in some self-love this Valentine’s Day by purchasing chocolates for themselves. These company bans on giri choco also seem to be reshaping the country’s notions of who gives gifts on Feb. 14.


Valentine’s Day comes first, so women set the bar for who receives a treat as well as the caliber of the treat. Still, 35 percent of women plan on handing out chocolate treats to male coworkers this year, according to a poll by a Tokyo department store. More women, though, about 60 percent, plan to indulge in some self-love this Valentine’s Day by purchasing chocolates for themselves. These company bans on giri choco also seem to be reshaping the country’s notions of who gives gifts on Feb. 14.
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Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: kerri anne renzulli, toru yamanaka, afp, getty images, chris mcgrath, getty images news
Keywords: news, cnbc, companies, treat, choco, tradition, challenge, giving, workers, chocolate, day, japanese, male, treats, giri, valentines, women, coworkers, plan


Japanese women challenge Valentine's Day tradition of giving chocolate to male coworkers

Valentine’s Day comes first, so women set the bar for who receives a treat as well as the caliber of the treat. Such pressure has led women to spend thousands of yen on giri choco for colleagues to avoid causing offense in past years, but now more and more companies are banning this form of gift giving altogether. Forty percent of workers see it as a form of abuse and harassment, according to Japan Today.

In interviews conducted by newsite ANN, Japanese workers favored such bans and said they felt it eased pressures on women and had a positive effect on coworker relationships.

Still, 35 percent of women plan on handing out chocolate treats to male coworkers this year, according to a poll by a Tokyo department store.

More women, though, about 60 percent, plan to indulge in some self-love this Valentine’s Day by purchasing chocolates for themselves. Only 36 percent plan to use sweet treats as a love token for partners or crushes.

These company bans on giri choco also seem to be reshaping the country’s notions of who gives gifts on Feb. 14. News outlet SoraNews24 recently reported on a growing trend — gyaku choco, or “reverse chocolate” — that has men giving sweets to women. The publication notes that it’s still far from the norm.

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Don’t miss: This Valentine’s Day, get back at your ex by naming a cockroach after them for $2


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: kerri anne renzulli, toru yamanaka, afp, getty images, chris mcgrath, getty images news
Keywords: news, cnbc, companies, treat, choco, tradition, challenge, giving, workers, chocolate, day, japanese, male, treats, giri, valentines, women, coworkers, plan


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Istanbul prosecutor seeks arrest of Saudi officials over Khashoggi killing

Istanbul’s chief prosecutor has filed warrants for the arrest of a top aide to Saudi Arabia’s de facto ruler and the deputy head of foreign intelligence on suspicion of planning the killing of Jamal Khashoggi, two Turkish officials said on Wednesday. The prosecutor’s office has concluded there is “strong suspicion” that Saud al-Qahtani and General Ahmed al-Asiri, who were removed from their positions in October, were among the planners of the Oct. 2 killing at the Saudi consulate in Istanbul, th


Istanbul’s chief prosecutor has filed warrants for the arrest of a top aide to Saudi Arabia’s de facto ruler and the deputy head of foreign intelligence on suspicion of planning the killing of Jamal Khashoggi, two Turkish officials said on Wednesday. The prosecutor’s office has concluded there is “strong suspicion” that Saud al-Qahtani and General Ahmed al-Asiri, who were removed from their positions in October, were among the planners of the Oct. 2 killing at the Saudi consulate in Istanbul, th
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Istanbul prosecutor seeks arrest of Saudi officials over Khashoggi killing

Istanbul’s chief prosecutor has filed warrants for the arrest of a top aide to Saudi Arabia’s de facto ruler and the deputy head of foreign intelligence on suspicion of planning the killing of Jamal Khashoggi, two Turkish officials said on Wednesday.

The prosecutor’s office has concluded there is “strong suspicion” that Saud al-Qahtani and General Ahmed al-Asiri, who were removed from their positions in October, were among the planners of the Oct. 2 killing at the Saudi consulate in Istanbul, the officials said.

“The prosecution’s move to issue arrest warrants for Asiri and Qahtani reflects the view that the Saudi authorities won’t take formal action against those individuals,” one of the Turkish officials said.

The move also comes a day after senior U.S. senators said they were more certain than ever that Saudi Arabia’s crown prince, Mohammed bin Salman, was responsible for the killing of Khashoggi after receiving a CIA briefing on the matter.

Making some of their strongest accusations so far, both Republicans and Democrats said they still want to pass legislation to send a message to Saudi Arabia that the United States condemns the death of Khashoggi, a Washington Post columnist.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: chris mcgrath, getty images news, getty images, saul loeb, afp
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The Khashoggi fallout: A timeline of events

The White House is standing steadfast by Saudi Arabia despite weeks of international outcry over the kingdom’s alleged involvement in the death of Saudi journalist and U.S. resident Jamal Khashoggi. While President Donald Trump has made it clear he will not pursue punitive action despite a reported CIA assessment tying Saudi Crown Prince Mohammed bin Salman to the murder, more fallout may come in the form of Congressional action. The U.S.-Saudi relationship remains intact, but the kingdom’s imag


The White House is standing steadfast by Saudi Arabia despite weeks of international outcry over the kingdom’s alleged involvement in the death of Saudi journalist and U.S. resident Jamal Khashoggi. While President Donald Trump has made it clear he will not pursue punitive action despite a reported CIA assessment tying Saudi Crown Prince Mohammed bin Salman to the murder, more fallout may come in the form of Congressional action. The U.S.-Saudi relationship remains intact, but the kingdom’s imag
The Khashoggi fallout: A timeline of events Cached Page below :
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Keywords: news, cnbc, companies, riyadh, prince, events, khashoggi, fallout, timeline, kingdoms, weeks, princes, relationship, salman, crown, saudi, trump


The Khashoggi fallout: A timeline of events

The White House is standing steadfast by Saudi Arabia despite weeks of international outcry over the kingdom’s alleged involvement in the death of Saudi journalist and U.S. resident Jamal Khashoggi.

While President Donald Trump has made it clear he will not pursue punitive action despite a reported CIA assessment tying Saudi Crown Prince Mohammed bin Salman to the murder, more fallout may come in the form of Congressional action. The U.S.-Saudi relationship remains intact, but the kingdom’s image has taken significant blows, prompting questions about the stability of the crown prince’s leadership.

The monarchy for weeks sought to manage the narrative and stifle criticism surrounding the death of the journalist, a Washington Post columnist known for his criticism of the royal family. Khashoggi himself had been living in self-imposed exile in Virginia, after having worked in Saudi media for decades and later serving as advisor to senior Saudi diplomat Prince Turki al Faisal.

The Saudi government denies the CIA’s allegations, flatly calling its assessment “false” and has rejected reports suggesting a change in the kingdom’s line of succession could be required. After changing its version of events several times, Riyadh maintains that the murder was premeditated and carried out by “rogue killers” without the crown prince’s knowledge.

The 33-year-old son of King Salman, known for his assertive foreign policy, liberalizing reforms and aggressive bombing campaign over neighboring Yemen, is arguably the region’s most powerful leader and enjoys a warm personal relationship with Trump and his advisor and son-in-law Jared Kushner. Riyadh has become a lynchpin in the Trump administration’s Middle East policy, which centers around isolating the Saudi Kingdom’s rival Iran and keeping oil prices under control.


Company: cnbc, Activity: cnbc, Date: 2018-11-22  Authors: natasha turak, chris mcgrath, getty images news, getty images, saudi press agency
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Turkish inflation hits 25 percent in October, highest in 15 years

Turkish annual inflation surged to 25 percent in October, official data showed on Monday, hitting its highest in 15 years and underscoring the sustained impact of a currency crisis on the wider economy. Month-on-month, consumer prices jumped 2.67 percent, the Turkish Statistical Institute data showed, higher than the 2.0 percent forecast in a Reuters poll. October inflation was driven by a 12.74 percent month-on-month surge in clothing and shoe prices and a 4.15 percent rise in housing prices, t


Turkish annual inflation surged to 25 percent in October, official data showed on Monday, hitting its highest in 15 years and underscoring the sustained impact of a currency crisis on the wider economy. Month-on-month, consumer prices jumped 2.67 percent, the Turkish Statistical Institute data showed, higher than the 2.0 percent forecast in a Reuters poll. October inflation was driven by a 12.74 percent month-on-month surge in clothing and shoe prices and a 4.15 percent rise in housing prices, t
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Turkish inflation hits 25 percent in October, highest in 15 years

Turkish annual inflation surged to 25 percent in October, official data showed on Monday, hitting its highest in 15 years and underscoring the sustained impact of a currency crisis on the wider economy.

Month-on-month, consumer prices jumped 2.67 percent, the Turkish Statistical Institute data showed, higher than the 2.0 percent forecast in a Reuters poll.

October inflation was driven by a 12.74 percent month-on-month surge in clothing and shoe prices and a 4.15 percent rise in housing prices, the data showed.

There was little reaction from the lira, which weakened to 5.44 against the dollar from 5.43 beforehand. The currency has recovered recently from a sell-off driven by concerns over central bank independence and a U.S.-Turkish spat.

Last month, Turkey’s central bank left its benchmark interest rate unchanged, after a mammoth hike in September and as tensions with the United States eased.

The impact of the lira’s steep decline on the economy is still being felt with key indicators such as consumer and economic confidence falling to long-time lows and the government cutting its growth forecasts for the next three years.

Producer prices rose 0.91 percent month-on-month in October for an annual rise of 45.01 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: chris mcgrath, getty images
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Saudi Arabia claims Khashoggi was killed in a fight, contrary to other accounts

Saudi Arabia said it “is taking the necessary measures to clarify the circumstances in the case of Saudi citizen Jamal Khashoggi” and that “all those involved will be brought to justice.” We are saddened to hear confirmation of Mr. Khashoggi’s death, and we offer our deepest condolences to his family, fiancée, and friends.” In the weeks following Khashoggi’s disappearance, the international community increasingly pressed Saudi Arabia for the dissident’s whereabouts. On Thursday, Trump acknowledg


Saudi Arabia said it “is taking the necessary measures to clarify the circumstances in the case of Saudi citizen Jamal Khashoggi” and that “all those involved will be brought to justice.” We are saddened to hear confirmation of Mr. Khashoggi’s death, and we offer our deepest condolences to his family, fiancée, and friends.” In the weeks following Khashoggi’s disappearance, the international community increasingly pressed Saudi Arabia for the dissident’s whereabouts. On Thursday, Trump acknowledg
Saudi Arabia claims Khashoggi was killed in a fight, contrary to other accounts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: christine wang, chris mcgrath, getty images news, getty images
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Saudi Arabia claims Khashoggi was killed in a fight, contrary to other accounts

The kingdom also fired Deputy Chief of General Intelligence Ahmad bin Hassan Asiri and royal court advisor Abdullah Al-Qahtani. The kingdom also said a committee would be formed to restructure its intelligence agency under the supervision of Prince Mohammed, “to modernize its regulations and define its powers precisely.”

On Thursday, The New York Times reported that Saudi officials close to the crown prince planned on blaming Asiri for Khashoggi’s death. The Times said by making Asiri a scapegoat, the government could help shield the crown prince from blame.

Through its state press, the kingdom said it has detained 18 Saudi nationals after preliminary investigations linked them to the case.

Saudi Arabia said it “is taking the necessary measures to clarify the circumstances in the case of Saudi citizen Jamal Khashoggi” and that “all those involved will be brought to justice.”

White House press secretary Sarah Sanders issued the following statement:

“The United States acknowledges the announcement from the Kingdom of Saudi Arabia that its investigation into the fate of Jamal Khashoggi is progressing and that it has taken action against the suspects it has identified thus far. We will continue to closely follow the international investigations into this tragic incident and advocate for justice that is timely, transparent, and in accordance with all due process. We are saddened to hear confirmation of Mr. Khashoggi’s death, and we offer our deepest condolences to his family, fiancée, and friends.”

In the weeks following Khashoggi’s disappearance, the international community increasingly pressed Saudi Arabia for the dissident’s whereabouts. U.S. President Donald Trump also faced mounting criticism for being too soft in his response. On Thursday, Trump acknowledged Khashoggi was likely dead and said he would consider “very severe consequences” if Saudi Arabia is found responsible.

But Trump’s resistance to act swiftly sparked comparisons to how he has spoken deferentially about other autocratic leaders accused of human rights abuses, such as Russia’s Vladimir Putin and North Korea’s Kim Jong Un. On Tuesday, the president told The Associated Press that he saw a case of “you’re guilty until proven innocent.”

Trump on Friday called the arrests a “good first step.” Yet he also mentioned that he would be reluctant to undo arms deals with the kingdom if the U.S. were to slap Saudi Arabia with sanctions over Khashoggi’s death.

Vice President Mike Pence said that the U.S. will not “solely rely” on information provided by Saudi Arabia, a longtime U.S. ally in the Middle East.

Several members of Congress have called for swift sanctions on oil-rich Saudi Arabia in the uproar over Khashoggi. Sen. Lindsey Graham, R-S.C., quickly expressed his doubts about the Saudi account of the journalist’s death, saying “It’s hard to find this latest ‘explanation’ as credible.”

The announcement comes more than two weeks after Khashoggi was last seen in public, entering the Saudi consulate in Istanbul. Khashoggi was a frequent critic of Saudi Arabia’s royal family and wrote columns for The Washington Post.

In his last column for the Post, Khashoggi highlighted the need for independent and free press in Arab nations. He said the international community had turned a blind eye to the increasing rate at which Arab governments were silencing the press.

“These actions no longer carry the consequence of a backlash from the international community. Instead, these actions may trigger condemnation quickly followed by silence,” Khashoggi wrote.

— CNBC’s Jacob Pramuk, Christina Wilkie and Kevin Breuninger contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: christine wang, chris mcgrath, getty images news, getty images
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Jeff Bezos has been quiet on the disappearance of Washington Post journalist Jamal Khashoggi

At the same time, Bezos, like many other U.S. business executives, has business interests in Saudi Arabia. In particular, Amazon’s cloud-computing division, Amazon Web Services, has been reportedly working on a deal to set up data centers in Saudi Arabia. It announced plans a year ago for the opening of a Middle East division based in Bahrain, an island nation that neighbors Saudi Arabia. Since May, Amazon has had a job post up for a “Head of Public Policy AWS Saudi Arabia” based in Bahrain. Par


At the same time, Bezos, like many other U.S. business executives, has business interests in Saudi Arabia. In particular, Amazon’s cloud-computing division, Amazon Web Services, has been reportedly working on a deal to set up data centers in Saudi Arabia. It announced plans a year ago for the opening of a Middle East division based in Bahrain, an island nation that neighbors Saudi Arabia. Since May, Amazon has had a job post up for a “Head of Public Policy AWS Saudi Arabia” based in Bahrain. Par
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Jeff Bezos has been quiet on the disappearance of Washington Post journalist Jamal Khashoggi

“It’s interesting that in a context where people are so publicly disavowing and disengaging that there’s not been a clear statement form the owner of the newspaper,” said Félim McMahon, the technology and human rights program director at the University of California at Berkeley law school’s Human Rights Center. “It’s legitimate to ask that person’s opinion.”

Representatives from Amazon and the Washington Post did not respond to requests for comment.

Bezos is in a sticky spot. As the owner of one of the country’s top news publications, which is also a frequent punching bag for President Trump, Bezos has made a point of staying out of the newsroom. He said after buying the paper in 2013 that he would “be there with advice from a distance.”

That said, Bezos has occasionally been involved with individual reporters. In 2016, Bezos met privately with Post reporter Jason Rezaian after Iran freed him from imprisonment, then accompanied him home on a private jet. Iran had held Rezaian for 18 months on charges of espionage and other allegations.

At the same time, Bezos, like many other U.S. business executives, has business interests in Saudi Arabia.

In particular, Amazon’s cloud-computing division, Amazon Web Services, has been reportedly working on a deal to set up data centers in Saudi Arabia.

It announced plans a year ago for the opening of a Middle East division based in Bahrain, an island nation that neighbors Saudi Arabia. Since May, Amazon has had a job post up for a “Head of Public Policy AWS Saudi Arabia” based in Bahrain. Part of the candidate’s role is to “help further advance Amazon as a leading cloud platform provider in the Kingdom of Saudi Arabia.” The position requires fluency in Arabic, and one of the top objectives is to “develop, lead and implement Saudi Arabia government affairs advocacy objectives and policy/political priorities” for AWS.

Amazon also has an office in Riyadh for Souq.com, the Middle Eastern e-commerce company that it acquired last year for $580 million.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: ari levy, andrew harrer, bloomberg, getty images, chris mcgrath, getty images news
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Turkey has not yet shared Khashoggi audio, video evidence with US

Turkey has not shared with the U.S. government or key European allies graphic audio or video evidence it allegedly collected on U.S.-based Saudi journalist Jamal Khashoggi’s visit to Saudi Arabia’s consulate in Istanbul, seven U.S. and European security officials told Reuters. Turkish pro-government newspaper Yeni Safak published on Wednesday what it said were details from audio recordings purportedly documenting Khashoggi’s torture and interrogation. It reported that his torturers severed his f


Turkey has not shared with the U.S. government or key European allies graphic audio or video evidence it allegedly collected on U.S.-based Saudi journalist Jamal Khashoggi’s visit to Saudi Arabia’s consulate in Istanbul, seven U.S. and European security officials told Reuters. Turkish pro-government newspaper Yeni Safak published on Wednesday what it said were details from audio recordings purportedly documenting Khashoggi’s torture and interrogation. It reported that his torturers severed his f
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Turkey has not yet shared Khashoggi audio, video evidence with US

Turkey has not shared with the U.S. government or key European allies graphic audio or video evidence it allegedly collected on U.S.-based Saudi journalist Jamal Khashoggi’s visit to Saudi Arabia’s consulate in Istanbul, seven U.S. and European security officials told Reuters.

Two weeks after Khashoggi’s disappearance on Oct. 2, the United States and allies have collected some intelligence through their own sources and methods, which partly confirms news reports based on leaks of audio recordings, four of the sources said.

The sources, who requested anonymity, spoke with Reuters on Tuesday and Wednesday.

Turkish pro-government newspaper Yeni Safak published on Wednesday what it said were details from audio recordings purportedly documenting Khashoggi’s torture and interrogation.

It reported that his torturers severed his fingers during an interrogation, and that Khashoggi was killed within minutes. According to the report, his body was later beheaded and dismembered by his killers.

A New York Times report on Wednesday cited a senior Turkish official confirming the details published by Yeni Safak. Two Turkish government officials contacted by Reuters declined to confirm the report.

Turkish sources told Reuters earlier this week that the authorities have an audio recording indicating that Khashoggi was killed inside the consulate and that they were sharing it with countries including Saudi Arabia and the United States.

The reluctance of the Turks to turn over hard evidence they have said they have documenting Khashoggi’s fate has led U.S. and European security officials to assess that the most brutal accounts of Khashoggi’s demise are likely accurate, the sources said.

U.S. President Donald Trump appeared to confirm the lack of evidence in U.S. hands when he said on Wednesday that the United States had asked Turkey for any audio or video evidence it may have related to Khashoggi.

“We have asked for it, if it exists … I’m not sure yet that it exists, probably does, possibly does,” Trump said.


Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: chris mcgrath, getty images
Keywords: news, cnbc, companies, shared, video, saudi, united, khashoggi, officials, european, yeni, khashoggis, turkey, audio, sources, evidence


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Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth

Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth 9 Hours Ago | 01:06One of the Federal Reserve’s chief goals may be to curb inflation in the U.S. economy, but when it comes to wage inflation, the central bank should be careful how it proceeds, CNBC’s Jim Cramer warned on Wednesday. “That brings me to the real issue here: there’s been almost no wage inflation in this country for decades. The “Mad Money” host pointed out the various downward pressures on wage gro


Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth 9 Hours Ago | 01:06One of the Federal Reserve’s chief goals may be to curb inflation in the U.S. economy, but when it comes to wage inflation, the central bank should be careful how it proceeds, CNBC’s Jim Cramer warned on Wednesday. “That brings me to the real issue here: there’s been almost no wage inflation in this country for decades. The “Mad Money” host pointed out the various downward pressures on wage gro
Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: elizabeth gurdus, kai pfaffenbach, chris mcgrath, getty images, scott mlyn
Keywords: news, cnbc, companies, fed, economy, growth, deflationary, earth, remix, powerful, amazon, working, forces, inflation, thats, problem, cramer, wage


Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth

Cramer Remix: Amazon is still one of the most powerful deflationary forces on Earth 9 Hours Ago | 01:06

One of the Federal Reserve’s chief goals may be to curb inflation in the U.S. economy, but when it comes to wage inflation, the central bank should be careful how it proceeds, CNBC’s Jim Cramer warned on Wednesday.

“In short, the Fed should be careful what it wishes for” as it decides how many interest rate hikes to put through as the economy heats up, the “Mad Money” host said. “Why not let this economy run? Would it really be so terrible if we went over their precious 2 percent inflation target?”

If Friday’s nonfarm payroll report from the U.S. Labor Department reveals higher-than-expected job creation, it could spur the Fed to act quickly to stop inflation and stifle wage growth in the process, Cramer said.

“That brings me to the real issue here: there’s been almost no wage inflation in this country for decades. Income inequality is a serious problem, and it’s a problem that the Fed has absolutely had a hand in creating,” he said. “How the heck are working people supposed to catch up if our central bank slams on the brakes every time wages start going higher?” he continued.

The “Mad Money” host pointed out the various downward pressures on wage growth, including the rise of cloud-based technology and automation and the growth of price-slashing giants like Amazon.

“When I look at Amazon, I’m seeing a company that’s working to control wage inflation by embracing automation at its warehouses and eliminating monthly bonuses and stock grants,” Cramer said. “Even with this pay raise, Amazon is one of the most powerful deflationary forces on earth. I defy you to think of a company that’s done more to lower prices.”

For more of Cramer’s analysis, click here.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: elizabeth gurdus, kai pfaffenbach, chris mcgrath, getty images, scott mlyn
Keywords: news, cnbc, companies, fed, economy, growth, deflationary, earth, remix, powerful, amazon, working, forces, inflation, thats, problem, cramer, wage


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