Aug 19 2018
Turkish President Recep Tayyip Erdogan says his country will not "surrender" to the United States under the sanctions imposed by the USA over the detention of an American pastor, accusing Washington of launching an "attempted economic coup" against Ankara.
The lira dropped about 5 percent, to about 6.11 per US dollar, after US President Donald Trump posted a tweet warning the country of more punitive measures over the continued detention in Turkey of US pastor Andrew Brunson, an evangelical pastor who faces 35 years in prison on charges of espionage and terror-related charges.
President Donald Trump and Secretary of State Mike Pompeo have repeatedly called for his release, while Erdogan has said the US should respect Turkey's judicial process.
Moody s likewise cited the weakening lira and downgraded Turkey s debt to Ba3, as well as "heightened concerns" for the central bank s independence and "the lack of a clear and credible plan" to address the causes of recent financial troubles.
Supporters of Brunson, who ran a small church in the Turkish coastal city of Izmir, say allegations that he was linked to Kurdish rebels as well as Turkish cleric and alleged coup plotter Fethullah Gulen are absurd.
The fate of Andrew Brunson, charged with terror offenses by a Turkish court, also overshadows the predicament of a Turkish-American scientist from NASA and several Turkish workers for the USA diplomatic mission who were arrested in Turkey.
Fitch Ratings had earlier said the absence of an orthodox monetary policy response to the lira's fall, and the rhetoric of Turkish authorities, had "increased the difficulty of restoring economic stability and sustainability".
A decree by Mr Erdogan doubled Turkish tariffs on imports of United States passenger cars to 120 per cent, alcoholic drinks to 140 per cent and leaf tobacco to 60 per cent. Tariffs were also doubled on goods such as cosmetics, rice and coal.
Aretha Franklin's pastor speaks of her passing
Franklin's music also helped serve as a springboard for a number of young guitarists who later became legends themselves. Over the course of her career she won 18 Grammy Awards , including the Lifetime Achievement Award in 1994.
How major US stock indexes fared Friday
Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.10-to-1 ratio favored advancers. The S&P technology index fell 0.8 per cent, with Intel down 2.6 per cent after Goldman Sachs downgraded the stock to "sell".
Samsung unveils new Galaxy Note 9 smartphone and its first smart speaker
There's a special offer available for consumers in the US who pre-order Galaxy Note9 between August 10 and August 23, 2018. Samsung's new smart speaker will compete with Amazon's strong lineup of Echo speakers and Apple's HomePods.
The United States sanctioned Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu, blaming both for being involved Brunson's arrest and detention.
An important emerging market, Turkey borders Iran, Iraq and Syria and has been mostly pro-Western for decades.
Brunson, who is from North Carolina, was swept up in the aftermath of a failed 2016 coup attempt.
"Some are threatening us with economy, sanctions, exchange rates, interests and inflation". Turkey's dollar bonds fell, while the cost of insuring exposure to Turkish debt rose.
Mr Trump later said in a tweet that the USA "will pay nothing" for Brunson's release, "but we are cutting back on Turkey!" Kemal Kilicdaroglu, head of the Republican People's Party, said Thursday in Ankara, the capital.
Despite the political tensions, the lira rebounded some 6 percent on Wednesday, strengthening to around 6.0 to the United States dollar.
Turkey has repeatedly criticized the US for not condemning the coup attempt two years ago.
Aug 18 2018
White House says Turkish sanctions 'regrettable'
US equities rose on hopes that Beijing and Washington may resolve a conflict that has roiled financial markets since early March. In response, Erdogan launched a boycott of U.S. electrical products and sharply raised tariffs on other USA imports.
Aug 17 2018
New Haven Mayor Toni Harp gives update on K-2 overdose outbreak
Authorities said most of the New Haven patients responded to high doses of Narcan given at the hospital and they were released. Police say there haven't been any deaths linked to the overdoses, although two people were hospitalized in critical condition.
Aug 17 2018
Westminster crash suspect is British citizen of Sudanese origin
It was a loud bang", the 45-year-old told PA. "Our thoughts and prayers are with the people who have been injured". The Met Police confirmed one man has been arrested following the incident at around 7:37am.
Aug 14 2018
Emergency declared ahead of Charlottesville anniversary
A defined security area will be established around downtown that will include security checkpoints limiting access to pedestrians. Later, a woman was killed when a auto drove into a crowd of people opposing the white nationalists, and dozens more were injured.
Aug 13 2018
Antibiotic delivered to wild killer whale in global rescue operation
Michael Milstein with NOAA Fisheries says experts plan to do a health assessment of the young whale if conditions allow. Tahlequah is not carrying that calf's body all by herself - members of her family have been helping her with her vigil.
Aug 13 2018
Pentagon Space Force plan at a glance
That said, Congress doesn't appear to share Trump's and Pence's enthusiasm for a Space Force. A full-fledged space force would cost significantly more , but no one knows how much yet.
Aug 12 2018
Ocasio-Cortez Accused Ben Shapiro of 'Catcalling' After Asking to Debate
But the Secretary of State's office told voters to stay in line - everyone who was in line by 8:00 p.m. was allowed to vote. After polling closed in the four states, women broke records for gubernatorial and House nominations, according to the BBC.
Aug 11 2018
Jose Mourinho takes a swipe at United’s critics
Jose Mourinho and Manchester United got both in their opener against Leicester at Old Trafford and, for a week at least, the storm clouds around Old Trafford will lift.
Aug 08 2018
Saudi Arabia's expulsion of Canada ambassador sends pointed message
Spokesperson Heather Nauert added during a briefing with reporters on Tuesday that the USA has raised similar issues with Saudi Arabia.
Aug 07 2018
Donald Trump reimposes sanctions on Iran that were lifted by Barack Obama
Treasury must approve the sale of airplanes whose components are at least 10 percent American-made, like the AT72-600. French carmaker Renault, which does not sell cars in the USA , has said it will remain in Iran despite the sanctions.
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