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Erdogan calls on Turks to keep all savings in lira

 · ISTANBUL (Reuters) -President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under control after the lira weakened sharply in the last two months. "I want all my citizens to keep their savings in our own money, to run all their business with our own money, and I recommend this," Erdogan …

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Nike accuses Lululemon of patent infringement as at …

 · Nike Inc. has launched a lawsuit against Lululemon Athletica Inc. accusing the athletic apparel maker of patent infringement with its new Mirror home gym. The legal scuffle between two of the world's biggest fitness players highlights the mounting competition in the booming exercise market. In documents filed in a U.S. court, Nike claims Vancouver-based …

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Amazon halts plan to block UK Visa credit cards amid talks

 · Amazon has dropped plans to block UK Visa credit cards payments this week as the two sides continue to try to resolve a dispute over payment fees. "The expected change regarding the use of Visa credit cards on Amazon.co.uk will no longer take place on January 19," Amazon said. Visa said it was "working closely to reach an agreement".

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OPINION: Interest rates are too low and will rise

 · This means one simple thing: interest rates are too low and are set to increase. Near-term interest-rate hikes are expected not only in the US but in Canada, the UK and here in Australia. The Reserve Bank of New Zealand, which already hiked rates in October and November to 0.75 per cent, is preparing for yet higher rates too.

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The Competitive Advantage of Nations

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