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.
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.
Improved Liverpool need to be more clinical for title tilt, says Klopp
But that all made sense - we had to create a squad which is strong enough and wide enough to cope with the Premier League and to be as successful as possible. "The league is exactly the same". "The champions, Man City , didn't lose any players and brought in [Riyad] Mahrez ".
Russian airline says 18 killed in Siberian helicopter crash
Meanwhile, black boxes from the Mi-8 have already been retrieved from the crash site, but their condition is yet unclear. It added that the helicopter was manufactured in Russian Federation in 2010, and the pilot had flown almost 6,000 hours.
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 19 2018
The New Yorker pays tribute to Aretha Franklin
The image is from a 2014 performance at the White House, where she sang for former US president Barack Obama and Michelle Obama . Ariana told her to text an MP3, but Franklin ended up mailing her a package, which arrived months later.
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 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 10 2018
Mike Pence Unveils Plans For New Space Force Military Branch By 2020
When the proposal for a separate force was launched a year ago , Defense Secretary Jim Mattis resisted it. The Pentagon report, however, included a plan to create a unified combatant command, known as the U.S.
Aug 09 2018
Angelina Jolie accuses Brad Pitt of failing to pay 'meaningful' child support
The 43-year-old actress's attorney filed legal documents requesting that the judge issue a final divorce decree this year. Angelina Jolie Pitt says she wants her divorce from Brad Pitt finalised before the end of the year.
Aug 09 2018
India vs England, Lord's Test
Virat Kohli and his men though might now have to deal with the seam and swing of the English pacers, under overcast conditions. The tourists' record at the venue is not a flattering one as they have won only 2 out of the 17 Tests they have played there.
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
Tampa Police Pull Unconscious Child from River
Witnesses reported that the child, later identified as Denson's 4-year-old daughter, Je'Hyrah Daniels, was screaming, police said. Authorities said Denson stole a gray Nissan Altima from a fix shop before driving to the river.
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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