Greek lieutenant Aggelos Mitretodis and noncommissioned officer Dimitros Kouklatzis were arrested in Turkey
11 August, 2018, 16:09
Economist Chad Bown, who specialises in trade issues, said Turkey accounted for just over four percent of United States steel imports in 2017, but a very small fraction of the aluminum brought into the country.
"If there is anyone who has dollars or gold under their pillows, they should go exchange it for liras at our banks", he said during an address to supporters. That caused a further drop in the lira.
The government has political and economic options at its disposal to try to calm the currency's volatility, to keep inflation - now about 15 percent but climbing - under control and to reassure investors.
The new set of economic steps are aimed at securing an economic growth of 3-4 percent in 2019, and decreasing the inflation rate to single digits, the ministry said in a press release on August 9.
Turkey's financial crisis and further US pressure spurred more concern among investors as fears appeared to spread to American markets.
Far worse than that, though, is this has also sent Turkey's currency on a downward spiral that threatens to destroy its entire economy. But Erdogan has consistently sandwiched every moderate statement by his son-in-law with nationalist and populist rhetoric that only undermines investor confidence.
Will Diplomatic Tensions Heighten the Currency Challenge?
Erdogan said the two countries have been strategic partners and North Atlantic Treaty Organisation allies for six decades and reminded Washington that Turkey and the USA "stood shoulder to shoulder against common challenges during the Cold War and its aftermath".
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Fortnite for Android goes "off market" While this move will make Epic Games more money than otherwise, it will also set up a unsafe precedent for Google. Because there are no Android servers yet, this is the only way for Android players to get into a live game now .
President Donald Trump said on Friday he had authorized higher tariffs on imports from Turkey, imposing a 20 percent duty on aluminum and 50 percent one on steel, as tensions mount between the two North Atlantic Treaty Organisation allies over Ankara's detention of an evangelical pastor and other diplomatic issues. The U.S. responded by filing a complaint against the country with the World Trade Organization.
First, US authorities are looking into impropriety at Turkish Bank Halkbank who are accused of breaking the US financial embargo on Iran.
Erdogan had raised eyebrows Thursday when he appeared to invoke divine intervention, saying: "If they have dollars, we have our people, we have our right and we have Allah!"
This suggests he is sticking to his nationalist message, for now at least, and may still resist delivering the hard measures Turkey desperately needs. An IMF offer will come with strings attached - strings that Erdogan may find a violation of sovereignty - including demands to rein in the country's runaway inflation with higher interest rates.
The lira has lost around 20% of its value in the last 24 hours.
Is There a Contagion in the Air?
The Turkish lira hit an all-time low against the dollar on Friday, and there are growing concerns that the country's economic troubles could spread to the eurozone. It has fallen more than 46% in the past year.
Turkey's sovereign dollar-denominated bonds tumbled, with many issues trading at record lows.
In the past, the Turkish authorities have always managed to contain problems by being willing to take aggressive action such as in January 2014, when the central bank hiked its overnight lending rate by 4pc at a midnight meeting.
In the City, fund managers and investment commentators warned of the risk of capital flight from the country and flagged up the risk to European banking stocks - such as Spanish lender BBVA and Italian group UniCredit - from their exposures to Turkish lending.
His first thought was that they were practicing for an air show. "I just heard it; it looked like a bomb". It is unclear how the employee was able to taxi the plane on a runway and take off without authorisation.
Trump's announcement saw the Turkish lira drop even further, crashing to a 19 percent daily loss against the greenback. Last week, Erdogan called on Turks to convert their foreign currency and gold into Turkish lira to help the currency.
Is this what a Space Force fighter would look like? The Space Force would essentially serve the same goal , but for space. As part of the recommendation, a Space Development Agency would be created to create technologies for the new division.
Kroenke, who - like Usmanov - first started amassing shares in Arsenal in 2007, succeeded in gaining full control in 2011. This deal brings an end to a decade-long battle for complete ownership between Kroenke and Usmanov.
Not just because of the harmony they've had since Jurgen Klopp has been there, but also the signings they've done early. However, Spurs could go back in for Grealish, 22, next summer if Villa fail to get promoted.
Jose Mourinho appointed World Cup victor Paul Pogba as his captain for his sides' Premier League opener against Leicester City . Following a strong World Cup, the Red Devils will lean on Paul Pogba to display his incredible talent. "He was a monster".
One of the oldest and most popular emulator websites, EmuParadise , has removed all ROM download links from its site. If you've been alive for more than a couple of decades, you've probably played a few "retro" games in your lifetime.
The tournament marks the end of the US Ryder Cup team race, with eight players being confirmed by Jim Furyk on Monday morning. Bryson DeChambeau , Mickelson, Xander Schauffele , Matt Kuchar and Tony Finau hold the ninth through 13th spots.
Pogba confirmed that it was his decision to take the penalty ahead of Sanchez from the group nominated by Mourinho. At the 134th attempt at club level, Luke Shaw finally scored his first senior goal in professional football.
Harry Maguire, Toby Alderweireld, Jerome Boateng, Yerry Mina and Diego Godin were all heavily linked with a move to Old Trafford. Forget the name, forget the history, forget the shirts, every team is a good team and every match is hard '.
Omarosa Claims Donald Trump Used Racial Slurs in White House
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Baidu CEO declares he can beat Google again
News of a potential return has been met with resistance from employees and criticism from human rights advocates and lawmakers. Facebook is also blocked in the country, but the social network is vying to gain a foothold.
Man Utd, Arsenal, PSG battle it out for Boateng
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Trump Doubles Tariffs on Turkish Steel, Aluminum Imports
President Donald Trump said on Friday that he has authorised the doubling of steel and aluminium tariffs "with respect to Turkey". Brunson, a U.S. citizen and Turkish resident for over two decades, was arrested in Turkey on charges of terrorism and espionage.