"Turkey's currency has bounced back from record lows after a lifeline from Qatar".
Earlier on Wednesday, Qatar pledged $15 billion in investment to Turkey, which will be channeled into banks and financial markets, a Turkish government source told Reuters.
The bail-out followed talks in Ankara between the emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, and Turkey's President Recep Tayyip Erdogan.
In total, companies in Turkey have $217 billion in net foreign-exchange debt, equal to about a quarter of gross domestic product, according to central bank data. Turkey retaliated with some $533 million of tariffs on some USA imports - including cars, tobacco and alcoholic drinks - and said it would boycott us electronic goods, singling out Iphones.
The tit-for-tat tariffs were announced amid Turkey's rejection of a USA demand to release Brunson, the American pastor, who is sentenced to imprisonment in the country on espionage and terrorism-related charges for almost two years. "We will boycott the electronics products of the U.S".
"Qatar has pledged Dollars 15 billion of direct investments in Turkey", presidential spokesman Ibrahim Kalin wrote on Twitter yesterday.
Lira has lost around 40% against the U.S. dollar this year, due to worries over Erdogan's growing control over the economy and his repeated calls for lower interest rates despite high inflation.
The weakness of the Turkish currency has rippled through global markets.
The lira has lost almost 40 percent of its value against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his refusal to raise interest rates despite high inflation.
His detention has soured relations with Washington, with US President Donald Trump doubling aluminum and steel tariffs for Turkey in punitive actions against Ankara's refusal to release Brunson.
The pastor is now being held under house arrest.
The crisis has sent the Turkish currency into free fall since Friday. Administration officials said the USA does not now have any meetings scheduled with Turkish officials to discuss Brunson's case.
Turkey and Qatar - which is also a very close USA ally - have become close economic and political partners in recent times. "The tariffs are specific to national security".
At the moment, the entire cryptocurrency market cap stands at, $214 billion, with Bitcoin having a market cap of $108 billion. At the time of publishing Bitcoin's market share is above 49%, the highest it has been this calendar year.
The Turkish currency began to recover after authorities this week took steps to help bank liquidity and limit swap transactions. President Donald Trump said he had authorised higher tariffs on aluminium and steel imports from Turkey .
The call for a boycott appears to be Erdogan's answer to the US decision to double tariffs on Turkish steel and aluminum imports. The imprisonment of United States pastor Andrew Brunson has weighed heavily on relations, leading to a series of escalations.
Franklin appeared on the cover of TIME in 1968, with a story that commended the "fierce, gritty conviction" of her voice. Her music is legendary. "And she just sounds so damn good". "We have lost the matriarch and rock of our family".
The case against Manafort has long centered on whether he lied when he claimed not to control any foreign bank accounts. Gates said he helped Manafort commit crimes in an effort to lower his tax bill and fund his lavish lifestyle.
The Taliban are going from house to house to find government officials or their relatives to kill", said one resident, Sayed Zia. But in others "the Taliban have positioned their fighters in high buildings shooting at security forces from there", he added.
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Cavusoglu said ties with the bloc, which have been strained in recent years, were on a firmer basis and had started normalising. Brunson is accused of backing a 2016 coup attempt against Erdogan, which Brunson denies.
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Aretha Franklin dead: Queen of Soul passes away at age 76
But in 2013 when Bey was criticised for lip-syncing at President Obama's inauguration, Franklin came to the singer's defence. Her family had told media in her hometown of Detroit this month that she was gravely ill and asked for prayers.
Unemployment falls to lowest level for 40 years UK News
The region's employment rate was 78.7%, 0.5% higher than the period from January to March, with almost 3.1 million people in work. In the North West there were 148,000 people unemployed down 6,000 on the previous quarter giving a rate of 4.1 per cent.
China, U.S. to hold lower-level trade talks in late August
The countries imposed steep tariffs on billions of dollars of each other's exports this summer and have threatened more. But Trump backed away from the agreement and the two nations have been locked in a tit-for-tat trade war ever since.
Indian subcontinent gets La Liga free
Facebook has bought the rights to broadcast La Liga on the social media platform for free in India and 7 other Asian countries . Last year, Facebook bid US$600 million to stream Indian cricket but lost to Rupert Murdoch's 21st Century Fox Inc.