Stocks flat as Turkey worries offset U.S.-China trade talks

18 August, 2018, 03:24 | Author: Regina Silva
  • Stocks flat as Turkey worries offset U.S.-China trade talks

Relations between Turkey and the U.S. are at a low point over the detention of Andrew Brunson, whom Turkish President Recep Tayyip Erdogan's government accuses of being involved in an attempted coup in 2016.

Albayrak's ministry said they had discussed US sanctions against Turkey and agreed to act together in responding to such moves and to boost cooperation between their countries.

Brunson, an evangelical preacher from North Carolina, is now under house arrest in Izmir.

The Trump administration has already sanctioned two Turkish leaders over the pastor's imprisonment.

Turkish authorities arrested Brunson in October of 2016 and accused him of being part of the attempted military coup earlier that summer.

The two countries have been locked in a heated crisis emanating from unjust sanctions and the actions of Trump, as Washington levied sanctions on Interior Minister Süleyman Soylu and Justice Minister Abdulhamit Gül for not releasing Brunson. "We haven't seen the last of that".

The Eye's report is based on comments from an anonymous diplomatic source.

The pastor's appeal had been rejected by a lower court and was sent to the higher court, Brunson's lawyer Ismail Cem Halavurt said, according to Anadolou.

Bobbi Kristina Brown's Friend Who Found Her OD'd Suffers The Same Fate
Lomas admitted he was doing drugs that evening and claimed that both Bobbi Kristina and her husband were 'all bad into drugs'. Bobbi Kristina Brown , the daughter of Whitney Houston and Bobby Brown, died three years ago due to an overdose.

Kasey Kahne Reveals 2018 will be his Last Full-Time Season
The 38-year-old now drives for Leavine Family Racing and was set to be a free agent at the end of year. He has 748 total starts across NASCAR's three national series, including 527 in the Cup Series.

Turkish lira weakens as United States warns of new sanctions over detained pastor
Meanwhile, Turkish people in social media tend to expand boycott in other USA products ranging from textile to fast food. The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar.

"They made up this phoney charge that he's a spy", Trump said.

Analysts say a sharp hike in interest rates is needed to stop the declining value of lira, but Ankara is opposed to any rate hike which would likely undercut growth. Inflation is at a 14-year high, and looks to be on the brink of a major debt crisis.

Though Turkey's financial troubles did not originate with the battle over Brunson's release, the moves have sped up the Turkish economy's decline.

The tensions between Washington and Ankara escalated in July after Trump announced the USA will impose sanctions against Turkey as a result of the almost two-year-long detainment of Pastor Andrew Brunson.

Turkey's lira fell once again after the trade minister, Ruhsar Pekcan, said on Friday that her government would respond to any new trade duties, which Mr Trump threatened in his overnight tweet.

That much information was revealed by US Treasury Secretary Steven Mnuchin while addressing a cabinet meeting on Thursday when he said that the next spiral of tit-for-tat sanctions was coming soon, deepening a spat that has rattled financial markets, if Brunson is not released by Turkey. He called Brunson "a great patriot hostage". "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" he tweeted.

Turkey's currency plummeted 20 percent against the greenback in a single trading day last Friday after President Donald Trump announced a doubling of steel and aluminum tariffs on Ankara, in return for the country's continued detention of American pastor Andrew Brunson.

The court in the western city of Izmir ruled that Brunson, who faces 35 years in jail if convicted, would remain under house arrest, his lawyer Cem Halavurt told AFP.


  • Late Night Shows (And The Yankees) Pay Tribute To Aretha Franklin

    Late Night Shows (And The Yankees) Pay Tribute To Aretha Franklin

    He visited her in a room where she was getting ready, and she looked at him and said, "Rev. She was elegant, graceful, and utterly uncompromising in her artistry", they said.

    The Rangers turned an extremely rare and very confusing triple play

    It was the second triple play at Globe Life Park, with the Rangers turning the first April 14, 2002, against Seattle. Building off the excitement of that insane play, the Rangers came from behind to beat the Angels 8-6.
    'Cursed' Mummy Cheese Might Be the World's Oldest, Researchers Say

    'Cursed' Mummy Cheese Might Be the World's Oldest, Researchers Say

    Nearby, they found a scrap of canvas fabric that was likely used to preserve and cover the ancient blob of food. The 3,200-year-old cheese was found to be made from a mixture of cow milk and that of a sheep or goat.
  • Weedkiller found in wide range of breakfast foods aimed at children

    Weedkiller found in wide range of breakfast foods aimed at children

    Both the World Health Organization and California state scientists have found links between the herbicide and cancer. It is also sprayed just before harvest on wheat, barley, oats and beans to kill the crop and allow earlier harvest.
    Judge in trial of Donald Trump's former aide says he received threats

    Judge in trial of Donald Trump's former aide says he received threats

    When the Ukrainian money dried up, they say he lied on loan applications to maintain his cash flow. Jury lists are generally made public unless a judge finds a compelling reason to keep them secret.

    OnePlus 6T to Launch on T

    Not only will the usual global version launch, but T-Mobile will sell its own version of the device, a first for the company. According to CNET , OnePlus and T-Mobile are now in talks to get the OnePlus 6T on the Un-carrier's network in October.
  • Woman lost contact lens, found it in her eyelid 28 years later

    Woman lost contact lens, found it in her eyelid 28 years later

    A woman who lost a contact lens as a 14-year-old playing badminton has found it again in her eye - 28 years later. She wore contacts at the time, but there was no contact in her eye when they inspected it.

    First Star Wars Resistance trailer unveiled

    After Kaz bragged with his piloting skills at his arrival there, he is soon drawn into one of the races... Resistance has revealed a very unique look and style to its animation, and its sparking a big debate.
    Morocco to Malawi: Madonna's Africa-centered 60th birthday

    Morocco to Malawi: Madonna's Africa-centered 60th birthday

    French fashion designer Jean Paul Gaultier shared a photo of himself with Madonna at the MET Gala in NY earlier this year. The iconic singer turned 60 Thursday and celebrated on social media .
  • Trouble in Paradise? Kellyanne Conway Rips Husband for Ripping Trump

    Trouble in Paradise? Kellyanne Conway Rips Husband for Ripping Trump

    Hours after the profile was published on Wednesday, George Conway retweeted a CNN legal analyst who criticized the White House. She asked Terris to be quoted as a "person familiar with their relationship" ― not as herself.
    PawSox officially sign letter of intent to build new stadium in Worcester

    PawSox officially sign letter of intent to build new stadium in Worcester

    The project is subject to the approval of the Worcester City Council, the International League and Minor League Baseball. Days later, about 10,000 postcards signed by fans urging the PawSox to move to Worcester were delivered to team offices.
    ESPN Not Airing National Anthem on 'Monday Night Football'

    ESPN Not Airing National Anthem on 'Monday Night Football'

    When asked what the most inaccurate perception of ESPN is, Pitaro said it was branding the network a "political organization". It's somewhat unpredictable what's going to happen in the world but as of now our plan now is to not broadcast the anthem.


Stormy Daniels drops out of 'Celebrity Big Brother'
Loose Women panellist Jane Moore spoke to Daniels off air before relaying the message to the audience. Bosses were so keen to get her on board and it's a fantastic opportunity for her'.

How cutting carbs can increase the risk of early death
It may not sound as sexy, but eating carbohydrates in moderation may be best for boosting longevity, a large new study suggests. From age 50, the average life expectancy was an extra 33 years for people who ate carbs in moderation.

MoviePass Just Made It Harder-Again-to See Movies
Though the romantic comedy premieres Friday, it will not be available for MoviePass subscribers until Sunday. Tuesday's financial report comes weeks after the discount service imposed haphazard changes to reduce costs.

U.S. threatens more action against Turkey unless pastor freed
Turkey and Qatar - which is also a very close U.S. ally - have become close economic and political partners in recent times. Gallego said that Brunson's lawyer had indicated he would be willing to take his client's case to the constitutional court.

Gmail for Android adds confidential mode
Gmail's confidential mode is an interesting feature for email that provides low-level protection for your messages. For non-Google email accounts, the recipient will get a link to open the email in a secure web portal.

Tyson Fury and Deontay Wilder in chaotic confrontation at Belfast weigh
Wilder got into a freaky shouting match with Fury's father John and then clashed with Tyson himself as the pair traded insults. The 30-year-old has weighed in ahead of fight night, tipping the scales at 18st 6lbs (258lbs).

Chinese plane slides off Manila airport runway in heavy rain
After rounding over the airport for almost an hour, the plane attempted landing at 15:55 UTC, when the accident was reported. Footage from the scene shows the plane sitting lopsided in the grass with an engine appearing detached from the left wing.

Revoke my security clearance, too, Mr. President
He denied that he was trying to silence Brennan , a frequent critic of the president. I think it's very sad what they've done to Paul Manafort", he said.

Kevin de Bruyne: Manchester City midfielder out for three months
Recovering from that rare setback has helped to enhance the Catalan's reputation as one of the finest coaches in the business. I love this player and I wanted him desperately when I was at Dortmund and he was at Chelsea but Jose didn't give him to me.

Tiger adds BMW Championship to playoff schedule
His best shot over a final round of 4-under 66 was a lasered 4-iron to the 16th green that landed 6 feet away and set up a birdie. Over a wild first nine holes, Woods didn't hit a single fairway off the tee but got up and down from everywhere.