U.S. President Donald Trump said Friday he had authorized the doubling of steel and aluminumtariffs with respect to Turkey, as tensions mount between the two North Atlantic Treaty Organisation allies.
Last week, the United States imposed sanctions on Turkey's justice minister and interior minister for not releasing pastor Andrew Brunson. Put these all together, and you get a pretty classic emerging markets crisis: Money has been leaving Turkey because it can now get good enough returns elsewhere, which is then pushing down the value of their currency so much that their dollar debts are getting harder to pay back.
Ankara's rocky relations with Washington took a further hit as President Donald Trump lobbed fresh salvoes via Twitter against Turkey, plunging the sagging Turkish lira to new lows against the dollar.
The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions.
'This is a national, domestic battle.
"This will be my people's response to those who have waged an economic war against us", he said.
The defiant tone and war rhetoric only hurt the liramore, before Erdogan's finance chief and son-in-law, BeratAlbayrak, tried to ease investor concerns during a conference, saying the government would safeguard the independence of the central bank.
Perseid meteor shower peaks this weekend
One paper from 1956 found that numerous meteors were brighter than a magnitude of 5, and many brighter than a magnitude of 3. No special equipment is needed, but if you want the best view, it helps to be as far from artificial light as possible.
Mookie monster! Betts homers in 9th to complete cycle
Betts, who finished 4 for 4 with two runs, an RBI, and a walk, singled to left to start the game and came around to score. Red Sox: LHP Eduardo Rodriguez (right ankle sprain) threw effectively in a simulated game, with positive results.
Erdogan on Thursday portrayed the currency drop as a "campaign" to harm Turkey and called on the people not to worry. In his speech in the northeastern city of Bayburt, Erdogan added that he would decisively defend the country against economic attacks.
State Department Spokesperson Heather Nauert told reporters on August 9 that the United States would define progress in relations with Turkey with Brunson's return to the United States.
Last week, the U.S.
Meanwhile, markets are deeply concerned over the direction of economic policy under Erdogan, with inflation at almost 16% but the central bank reluctant to raise rates in response.
World stock markets fell Friday, particularly in Europe, as investors anxious about the financial stability of Turkey, where the currency has nosedived.
Many Turkish lenders are already in talks to restructure billions of dollars of loans, a process that may end up forcing them to accept losses. Trump also threatened additional "large sanctions" against Turkey, a North Atlantic Treaty Organisation ally, for Brunson's detention.
Turkey later warned the United States that sanctions and pressure would only serve to harm ties between the two North Atlantic Treaty Organisation allies, adding Ankara would continue to retaliate as necessary against US tariffs.
To understand how all of these pieces fit together, we'll start with some basic facts about trade between the United States and Turkey.
Treasury and Finance Minister Berat Albayrak has vowed to execute Turkey's new economic model together with "all national and global stakeholders", while stressing that a "decisive" approach and the Central Bank's independence would be maintained. Inflation increased 16 percent in July, and Erdogan has insisted that interest rates not increase.
Well, the current proposal presented by VanEck and SolidX is different is some aspects from Gemini's rejected proposal. Adoption is key to the longevity of cryptocurrency, and the SEC knows that the decision shouldn't be made swiftly.
On the downside, a break below $0.3198 may well clear the path for more losses towards the $0.3000 and $0.2800 support levels. Bitcoin core ( BTC ) prices at the moment are around $6481 per BTC and the cryptocurrency's market valuation today is $111B.
But given Trump's germophobia, she presumes it must have been very "sensitive" (one might presume that it was very fictional). Since Trump was ever the germaphobe, I was shocked he appeared to be chewing and swallowing the paper.
Police arrested a man, Austin Clay, who claimed responsibility for the vandalism that destroyed Trump's star last month. The West Hollywood City Council on Monday unanimously approved a resolution seeking the removal of Trump's star.
Opening of the shutters of the dam cause the rise of the present water level in River Periyar by 1-1.5 metres. While 11 people died in Idukki district, five more deaths were reported from Malappuram district.
Messi, 31, has previously led Barca in Iniesta's absence but will now begin the campaign as the club's outright captain. Lionel Messi will wear the famous armband having been the official vice-captain since 2015.
Valencia has been picked to captain the side most often during Mourinho's two years in charge, taking the armband 42 times. The Croatian winger nearly joined the Red Devils in 2017 but Woodward baulked at paying Inter Milan's £45m asking price.
Erdogan has been putting pressure on the central bank to not raise interest rates in order to keep fueling economic growth. Some 4 million displaced people, most them from Syria, are now living in Turkey. "Turkey is playing a very unsafe game".
This is great for people who want to retrieve their data if they lose, break or purchase an additional Nintendo Switch system. Nintendo just took to Twitter to reveal that their paid online service for Nintendo Switch will launch in late September.
Now video games will be given the same treatment as movies: As works of art, they will be exempt from the ban on swastikas. In particular for children and adolescents, computer games are an attractive and increasingly used form of play.
Samsung Galaxy users get early access to Fortnite on Android
Firstly, the Note 9 ships with a new and improved S Pen, which comes with Bluetooth LE (Low Energy) baked-in for the first time. Samsung has also added an adjustable aperture 12MP main camera to the Note 9, which is paired with a 12MP telephotos camera.
Erdogan calls on Turks to buy lira 'in response to economic war'
The Turkish lira is in a state of crisis, as a result of investor confidence in Turkish assets remaining at alarmingly low levels. Turkey's currency fell Friday after its economy was rattled by the United States' move to slap the country with more tariffs .
Here is when Perseids shower peaks in Oman this month
The comet Swift-Tuttle orbits the sun once every 133 years, so every August, the Earth passes through the comet's debris field. The annual Perseid shower starts around mid-July when the Earth approaches the rubble-filled path of Comet Swift-Tuttle.
KC OR BUST? Drake's tour bus towed on eve of Migos tour
The venue said all tickets would still be honored for whatever the new date ends up being; it was not immediately announced . But yesterday, TMZ reports , the tour bus used by Drake's production team was towed from a hotel parking lot in Kansas City.