Qatar's emir travels to crisis-hit Turkey in show of support
Qatar's emir travels to crisis-hit Turkey in show of support
Turkey's president threatens boycott of iPhones, other US electronics
15 August, 2018, 20:56
Tariffs were also increased on goods including cosmetics, rice and coal.
Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious attacks on our economy by the United States administration".
The currencyTRYTOM=D3 has lost almost 40 percent against the dollar this year, driven by worries over President Tayyip Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.
The diplomatic dispute has sent shockwaves through financial markets across the world as the plunging lira causing currencies in other developing countries to nosedive.
Erdogan has reacted to the financial instability by blaming foreign powers, in particularly the United States, a longtime North Atlantic Treaty Organisation ally, which he says is waging an "economic war" as part of a plot to harm Turkey.
Drop in Turkish lira is making us a lot more money
"The initial reaction emerging economies usually take in a currency crisis is to dip into their foreign reserves". He had been in jail for nearly 20 months when a court in July ordered him moved to house arrest.
Details about the U.S-Turkey crisis have been unfolding over the past few days: a pastor as stage hostage, frozen assets for ministers on both sides, tariffs on Turkish exports of aluminum and steel to the USA, a Trump tweet here, a fiery Erdogan speech there. In addition, the USA has placed sanctions on two Turkish ministers over the arrest of an American pastor who is charged with having links to terrorism.
It recovered a bit, by four per cent to around 6.12 lira per USA dollar Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign currency swap transactions. Turkish President Recep Tayyip Erdogan accused the U.S. of seeking "to force Turkey to surrender in every field from finance to politics, to make Turkey and the Turkish nation kneel down." . As President Recep Tayyip Erdogan lashed out at the U.S., took higher rates off the table and said he wouldn't accept an global bailout, traders pushed down Turkish assets in a selloff that spilled over to other developing economies.
Erdogan said his government would offer further incentives to companies planning to invest in Turkey and said firms should not be put off by economic uncertainty. Erdogan accused the United States of conspiring against Turkey and said that the slide in its currency doesn't make any sense logically.
The evangelical pastor, who is originally from Black Mountain, N.C., has lived in Turkey for 23 years and led the Izmir Resurrection Church. Turkey's state-run news agency and US officials say US National Security adviser John Bolton had met with the Turkish ambassador to Washington on Monday. He is scheduled to appear before a court in October for his third hearing after the court rejected an appeal for his release in a July 18 hearing.
In another high-profile case, a Turkish court ruled on Wednesday to release from jail Taner Kilic, the local chair of Amnesty International, a researcher from the rights group said.
Turkey and Qatar have become close economic and political partners in recent times.
US-Turkish relations have been hurt by a series of issues from diverging interests in Syria, Ankara's plan to buy Russian defence systems and the detention of pastor Brunson.
He added Manigault may have breached security clearance protocol and broken the law by recording in the Situation Room. In response to her media tour, the White House has painted Manigault Newman as a vengeful, untrustworthy opportunist.
She also claims without evidence that tapes exist of the president using the N-word repeatedly on the reality show's set. NPR describes Manigault's "search for the N-word tape" as "a core piece of the narrative [in her book]".
The representation for every player and in every time in the season [there is] the capacity to do that", Emery said. But he is ready for the challenge - even if he is aware of the threat posed by last season's runaway champions.
The second is that Erdogan would have to bury his hatchet with the United States, which remains the IMF's largest shareholder. Although Turkey's currency rose Tuesday, the war of words with the USA that helped trigger the crisis continues.
Several U.S. media outlets criticized President Donald Trump on Friday for his decision to impose additional tariffs on Turkey. Last week, Erdogan called on Turks to convert their foreign currency and gold into Turkish lira to help the currency.
The monsoon has so far claimed over 175 lives, besides causing destruction to crops and dwellings, officials said. Cochin International Airport Limited sources said operations at the airport had not been affected.
The Perseid meteor shower, a phenomenon producing up to 60 to 70 meteors per hour in the night's sky, peaked over the weekend. The Perseids are called so because the point from which they appear, lies in the constellation - Perseus.
Branded the Queen of Soul for her ground-breaking voice, the iconic singer has battled a string of health problems in later years. Last year Franklin announced her plans to retire from touring in February 2017, so that she could more time with family.
The Italian fire service said that the viaduct, located in an industrial area in the west of the city, collapsed at around noon. Autostrade said work to reinforce the slab under the road surface was going on at the time of the collapse.
What's the difference between a lunar and solar eclipse? Korean people in Seoul and Shanghai will also see a partial Eclipse. The partial solar eclipse is slated to happen over the northern hemisphere early Saturday, according to NASA projections .
Tesla's board has not received a detailed financing plan from Musk and is seeking more information, sources told Reuters on Thursday.
Archbishop defends himself ahead of child sex abuse report
Bishop Edward Burns of Dallas also says he feels anger and pain about the report and understands it is much worse for the victims. Both have further polarized the church on homosexuality, celibacy and whether laypeople should have more power.
USA crude posts 6th straight weekly loss
With strong global demand and if the fears of Turkish economic contagion are overblown , we could see a very tight oil market. China , engaged in simmering trade disputes with the United States, has shown no signs of retreat in the face of US pressure.
Barcelona win Spanish Super Cup after late penalty save
MF Arturo Vidal , N/R - Came on for match-winner Dembele in the 86th minute to make his debut but had no time to have any impact. Barcelona levelled a minute before the break, when Gerard Pique turned in the rebound after Lionel Messi's free-kick hit a post.
Pep: Man City at ‘high level’ given complicated preseason
Midfielders Kevin De Bruyne and Raheem Sterling are back in contention for Manchester City's Premier League opener at Arsenal . We arrived after a hard season [two years ago] and I told him I want to help him and would like him to be happy.
Aretha Franklin said to be gravely ill
The Queen Of Soul was diagnosed with cancer in 2010 and returned to performing in 2013 after undergoing surgery. Throughout her lengthy career Franklin accumulated 18 Grammy awards , including one for Lifetime Achievement.