Erdogan says U.S. set deadline for pastor's release
Erdogan says U.S. set deadline for pastor's release
Tensions soar as US imposes tariffs against Turkey as the lira continues to plummet
13 August, 2018, 08:42
And the Brunson case is just one of many bones of contention between Turkey and the United States, ranging from Syria to Ankara's increasingly cosy relationship with Moscow.
During a speech at the ruling Justice and Development Party's (AKP) meeting in the Black Sea province of Trabzon on Sunday, Erdogan said the U.S. "is making an operation against Turkey".
The embattled Turkish lira tumbled over 16 percent to new record lows against the dollar as strains with the United States intensified over a number of issues including the detention of a pastor as well as Washington's cooperation with Syrian Kurdish militia force in the fight against Islamic State.
During the speech, Erdogan reiterated his earlier claim that the crisis has resulted from "an operation against our economy conducted through exchange rates" and said Turkey would prevail.
"Interest rates should be kept to a minimum because they are a tool of exploitation that makes the poor poorer and the rich richer", he said.
According to the Wall Street Journal, the fall in the TRY in the face of increased U.S. tariffs on aluminum and steel raises uncertainty for investors in emerging markets.
Erdogan, who has called himself the "enemy of interest rates", wants cheap credit from banks to fuel growth, but investors fear the economy is overheating and could be set for a hard landing. "What is the reason for all this storm in a tea cup?" "We will be taking the necessary steps with our banks and banking watchdog in a speedy manner", he said. There is no economic reason for this.
Turkey's trade ministry said the tariffs were against World Trade Organisation rules.
The central bank raised interest rates to support the lira in an emergency move in May, but it did not tighten monetary policy at its last meeting.
Bloomberg price data showed the dollar climbed as much as 13 per cent to 7.2362 against the lira, with some banks said to avoid providing two-way prices amid unprecedented volatility.
"I'm not aware of any prior administration using tariffs in this way, and there's a very simple reason: because they're an incredibly blunt instrument that often can have blowback on American workers and consumers as we've seen in the China context", said Ned Price, a former Central Intelligence Agency officer who also served as a National Security Council spokesman during the Obama administration. "You should know that to keep this nation standing is. also the manufacturers" duty". We will give our answer by shifting to new markets, ...
President Tayyip Erdogan told Turks on Friday to sell their gold and US dollars to support the country's currency which plunged after US President Donald Trump escalated a feud with North Atlantic Treaty Organisation ally Turkey by doubling tariffs on metals imports. But Mr Erdogan indicated he was in no mood to offer concessions to the United States, or financial markets.
"Shame on you, shame on you", he said in remarks directly addressed to Washington.
Several police officers were hurt on Friday as some protesters threw bottles and police used tear gas and water cannon. State Department criticized the proposed changes to judicial legislation, saying they could derail the rule of law.
Lucky observers may see the occasional meteor sailing across the sky for several seconds, leaving behind a trail of glowing smoke. The meteors can appear anywhere in the sky, but they look the brightest against the darkest sky, which is straight up.
Going forward, things were made particularly hard for him by the absence of a natural left-back to lend him support. The title is City's to lose, but they'll be hoping for more than just back-to-back championships in England.
He looked uncomfortable with the ball at his feet and seemed to suffer from a lack of confidence after conceding the opener. Three points earned in a tough fixture when City were never really put under enough pressure to threaten the clean sheet.
Small phones are a rarity in 2018, and as such, the Pepito looks like nothing else that's now on the market. The phone will be tiny, more in line with the diminutive HP Veer than a higher end Treo or Palm Pre .
Then, they suggested fixes including adding the popular film category. "Otherwise known as the white people's choice awards". Including past winners that are blockbuster films like Titanic and The Lord of the Rings: The Return of the King .
Ronaldo ended his nine-year stay in Madrid this summer after a historically dominant period at the club. But minutes later a huge swarm of fans invaded the pitch and the game was subsequently abandoned.
In Trabzon, Erdogan confirmed media reports that Washington gave Onal's delegation a deadline for the release of Brunson. Erdogan said high foreign exchange rates were the means used in plots against Turkey.
The total number of hours worked in July expanded 1.3 per cent, a slightly slower pace than the June reading of 1.4 per cent. It isn't expected to be earth shattering news as estimates suggest about 15,000 jobs were created last month.
Pep Guardiola: I want to kill Benjamin Mendy at times
I don't think this game will be a tale of Arsenal's season, and I wouldn't write off their chances against Chelsea either. Not every game will be against a team as good, as well coached, as cold-blooded as Man City.
Broad propels England to victory over India
It now seemed further rain was India's best hope of avoiding a defeat that would leave them 2-0 down in this five-match series. Kohli, who did not field when India took the field at the start of play because of a stiff back, was in obvious discomfort.
Tiger Woods' PGA Championship arrival had the golf world shook
Woods occupies another larger group behind on eight-under, heading into an exciting final day of the final major of the year. And he made it look ever so easy, bludgeoning his drives massive distances and honing in on the pins with unerring accuracy.
Erdoğan urges Turks to sell dollars and euros to support lira
Turkey has accused Andrew Craig Brunson of spying and " committing crimes on behalf of terror groups without being a member". Trump's announcement saw the Turkish lira drop even further, crashing to a 19 percent daily loss against the greenback.
Canada asks for help in Saudi dispute
Analysts believe Saudi Arabia holds somewhere between $10 billion and $25 billion in Canadian currency. But uncertainty over the state of affairs between the two countries continued to hang over Ottawa .
Arsenal Vs Manchester City- Pundit reaction
But the veteran goalkeeper was grasping at fresh air when Sterling sashayed inside to lash home a shot from the edge of the box. Meanwhile, Arsenal are in a new era following the appointment of Unai Emery as well as several new signings this summer.
Paul Pogba, Jose Mourinho, Ed Woodward
Speaking to Sky Sports after the game, he explained: 'I think football is changing, and probably football managers should be called now more head coaches.
Taliban attack on Afghan city of Ghazni rages for third day
The Ghazni attack appears to be a well-orchestrated and high-profile challenge to the government and its USA supporters. A USA military spokesman said Sunday that American aircraft had conducted five airstrikes on Saturday and 10 on Sunday.
Arsenal v Manchester City
Picking up where they left off last term, City had too much class for Arsenal and easily repelled the hosts' few unsafe moments. Fernandinho , Kevin De Bruyne and a Silva - either David or Bernardo - is a familiar trio for the away side.
Iran denounces Trump's tariffs targeting Turkey
Erdogan enjoys the support of many Turks even though rents and food and fuel prices have all surged. Erdogan said Turkey would turn towards new markets, new partners and alternative financial tools.