ANKARA (Reuters) - Turkish President Tayyip Erdogan vowed on Saturday that the central bank would continue to cut its policy interest rates every month for as long as he stayed in power, after it surprised markets by cutting rates twice in the last two months.

"As long as this brother of yours is in this position, the interest will continue to fall with each passing day, each passing week, each month," he told a rally in the western province of Balikesir.

Inflation has surged since November last year, as the lira slumped following cuts to the policy rate by the central bank, in an unorthodox easing cycle long sought by Erdogan.

(Reporting by Ece Toksabay; Editing by Catherine Evans)

(Reuters) -Companies around the world on Friday began to wrestle with the impact of wide-ranging U.S. curbs on selling chips and chip manufacturing equipment to China. The sweeping rules have hit chip stocks, with the Philadelphia Semiconductor Index (.SOX) falling nearly 6% by the end of the day. American semiconductor equipment makers Lam Research Corp, Applied Materials Inc and KLA Corp were all down more than 4%.

WILMINGTON, Del. (Reuters) -A Delaware judge on Thursday ordered a halt to Twitter Inc's lawsuit against Elon Musk on the eve of trial, giving the billionaire time to finance his $44 billion takeover of the social media platform. The ruling followed days of uncertainty about Musk's intentions and removed the threat that the erratic entrepreneur would have to testify under oath this week about his claims that Twitter fraudulently misled him. The judge's order said if Musk, the world's richest person, failed to close by her Oct. 28 5 p.m. EDT deadline, she would schedule a trial for November.

Peter Hodson: This will help ensure you're not selling at the exact bottom of this market cycle

They behave like modern-day colonialists when they impose their agendas on communities

Enbridge, a consistent income stock, continues to impress with its dividend, despite the heightened market volatility in 2022. The post Enbridge (TSX:ENB) Stock Just Keeps on Giving With a 6.55% Yield appeared first on The Motley Fool Canada.

Constellation Software (TSX:CSU) could outperform the market over the next few years. The post Why I Think Constellation Software (TSX:CSU) Stock Has Market-Beating Potential appeared first on The Motley Fool Canada.

Labour shortages are restricting opening hours and sales at some MTY Food Group Inc. restaurants as minimum wage increases push up costs, the company said Friday. The operator and franchisor of restaurants like Cold Stone Creamery, Manchu Wok and Thai Express said its profit slipped in its most recent quarter despite revenue climbing. Staffing shortages, combined with higher minimum wage rates in some areas, are expected to lead to increased overtime and labour costs while curbing some potential

UL Solutions, a global leader in applied safety science, today announced it is now authorized as a third-party test house for smart home products using Matter, the Connectivity Standards Alliance's (CSA) newly released an industry-unifying standard for smart home technology.

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Friday he will call a special session of the state Legislature in December to pass a new tax on oil company profits to punish them for what he called “rank price gouging." Gas prices soared across the nation this summer because of high inflation, Russia's invasion of Ukraine and ongoing disruptions in the global supply chain. But while gas prices have recovered somewhat nationwide, they have continued to spike in California, hitting an

Canadian Natural Resources (TSX:CNQ) stock seems too cheap to ignore after slipping into a correction. The post 2 Energy Heavyweights With Bountiful Dividend Yields appeared first on The Motley Fool Canada.

The Canadian economy added 21,000 jobs in September, Statistics Canada reported on Friday, snapping a three month losing streak. But one economist says it doesn't represent a 'true' re-acceleration in employment.

BERLIN (AP) — Germans are using too much gas to avoid a potential energy “emergency” this winter, the head of Germany’s national network regulator warned Thursday. “Gas consumption increased by too much last week,” said Klaus Mueller, head of Germany’s network agency. With the reduction in natural gas flows from Russia amid the war in Ukraine, German officials have urged citizens to cut back on gas usage and conserve energy heading into the colder months. Rather than a reduction in gas consumpti

BCE Inc (TSX:BCE) is a staple of Canadians' portfolios, but there is so much that most investors don't know. The post 5 Things to Know About BCE Stock appeared first on The Motley Fool Canada.

Canada's main stock index fell on Friday, barely holding in positive territory for the week, as the prospect of further aggressive tightening by the Federal Reserve offset the boost to energy shares from higher oil prices. The Toronto Stock Exchange's S&P/TSX composite index ended down 395.88 points, or 2.1%, at 18,583.13. Wall Street stocks also fell sharply after a report showing a solid U.S. jobs gain in September increased the likelihood the Fed will barrel ahead with an interest rate hiking campaign many investors fear will push the U.S. economy into a recession.

Canadian investors with some extra cash on hand should look to snatch up TSX growth stocks like goeasy Ltd. (TSX:GSY) today. The post Got $5,000? These Are 2 of the Best TSX Growth Stocks to Buy Right Now appeared first on The Motley Fool Canada.

The United Nations food agency's world price index fell for a sixth month in a row in September, receding from all-time highs posted earlier this year after Russia invaded Ukraine. The Food and Agriculture Organization (FAO) said on Friday that its price index, which tracks the most globally traded food commodities, averaged 136.3 points last month versus a revised 137.9 for August. The latest drop was driven by a 6.6% month-on-month fall in vegetable oil prices, with increased supplies and lower crude oil prices contributing to the decline.

MONTREAL — As COVID-19-related restrictions lift and demand for travel returns, airport goers are left wondering yet again if checking a bag is worth it. On top of the hefty costs, travellers are also grappling with the growing concern that their luggage may never even reach their final destination. “Why am I paying an extra fee to check a bag with the possibility of not knowing if it’s even going to get to me or get to my destination?" asked Jennifer Weatherhead, founder of the website travelan

The LP Foundation, LP Building Solutions' non-profit giving division, has partnered with the Gary Sinise Foundation's R.I.S.E. Program as the LP Foundation's first national non-profit partner.

The Canadian dollar strengthened against its U.S. counterpart on Friday, adding to this week's gains, as oil prices rose and data showed Canada's economy adding jobs for the first time in four months. "It is a bit of a relief to see a plus sign in front of the jobs number," said Doug Porter, chief economist at BMO Capital Markets. Money markets stuck with bets for the Bank of Canada to hike interest rates by a further 50 basis points at its next policy announcement on Oct. 26, with investors expecting rates to peak at about 4.25% in the coming months.

U.S. Trade Representative Katherine Tai on Friday said the Biden administration has not "sworn off" efforts to liberalize trade and open markets, but such policies can no longer weaken supply chains and harm U.S. workers and the environment. Tai, speaking at a Roosevelt Institute conference on industrial policy, said that government efforts to rebuild U.S. industries must complement trade policies and rejected criticism of the Biden administration's lack of appetite for traditional free-trade deals. "We have not sworn off market opening, liberalization and efficiency," Tai said in prepared remarks.