Aug 18 2018
Secretary of the Treasury Steven Mnuchin said Thursday the United States is prepared to put additional sanctions in place against Turkey if the government of President Recep Tayyip Erdogan does not release American pastor Andrew Brunson, who has been held since 2016.
Brunson, from North Carolina, is under house arrest as his trial on terrorism charges continues.
Turkey's lira tumbled as much as 8.5 percent to 6.3 per dollar, having recovered ground rapidly in recent days.
"We have more that we are planning to do if they don't release him quickly", Mnuchin said during a meeting of President Donald Trump's Cabinet. It's not clear how much more they'd be willing to contribute if the U.S. just keeps making things worse.
During the meeting, Trump remarked that Turkey has "not proven to be a good friend".
In response, Erdogan launched a boycott of U.S. electrical products and sharply raised tariffs on other USA imports.
The United States and Turkey have imposed tit-for-tat tariffs in an escalating attempt by Trump to induce Erdogan into giving up the pastor.
Turkey's finance chief: Action plan ready to ease markets
He also branded interest rates as a "tool of exploitation" which should be kept as low as possible. Trump has described his detention as a "total disgrace" and urged Erdogan to free him immediately.
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He also is accused of fraudulently obtaining millions more in bank loans, including while he was working on the Trump campaign. Prosecutors called Morgan Magionos, an Federal Bureau of Investigation forensic accountant, as the next witness to testify.
First woman fined in Denmark for wearing full-face veil
The country's "Burqa Ban" also outlaws other accessories covering the face like balaclavas, masks and false beards. Police are going through surveillance video to determine if the other woman deliberately ripped off the niqab.
US equities rose on hopes that Beijing and Washington may resolve a conflict that has roiled financial markets since early March.
Turkey, in turn, criticized the prosecution in the US of Mehmet Hakan Atilla, a top official at Turkey's state-controlled Halkbank who was convicted of helping Iran avoid USA sanctions.
Erdogan and his French counterpart Emmanuel Macron agreed in a phone call Thursday to foster trade ties, a Turkish presidential source said.
Ratings agency Fitch said the absence of an orthodox monetary policy response to the lira's fall, and the rhetoric of Turkish authorities have "increased the difficulty of restoring economic stability and sustainability".
Meanwhile, Turkish courts have moved to defuse other legal cases that have irritated relations with the EU. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going.
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.
He said: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"
The selling has also deepened concerns about the broader economy, particularly Turkey's dependence on energy imports and whether foreign-currency debt poses a risk to banks.
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 15 2018
Iraqi PM Abadi cancels visit to Iran amid backlash on United States sanctions
President Donald Trump withdrew from a landmark 2015 nuclear deal between Iran and world powers. He added, "America is turning up the pressure and we want the United Kingdom by our side".
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 12 2018
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".
Aug 12 2018
NASA Prepare Launch Of Probe Which Will ‘Touch The Sun’
Less than two years after Parker's paper was published, his theory of solar wind was confirmed by satellite observations. NASA's probe is named for Parker, making it the first time the agency has named a mission for a living person.
Aug 11 2018
Statement from NCAA leaders on college basketball reforms
University presidents and chancellors will be held "personally accountable" for any rule-breaking by their athletic departments. The NCAA plans to pursue more rigorous certification requirements to ensure transparency in operations and finances.
Aug 10 2018
US Jewish, Pro-Israel Groups Praise Trump's Reimposition of Sanctions on Iran
European countries fear that abandoning the accord will lead to accelerated development of nuclear weapons in Iran. The Trump tactics have deepened an already serious economic crisis in Iran, fuelling protests around the country.
Aug 08 2018
No, California didn’t worsen wildfires by dumping water into ocean
But officials say it threatens 11,300 buildings and some new evacuations were ordered over the weekend as the flames spread. The Mendocino Complex fire north of San Francisco was still growing this week as it broke the record set eight months ago.
Aug 08 2018
Karunanidhi demise: State funeral for DMK Patriarch on Wednesday
He led DMK to victory in 1996, but AIADMK under Jayalalithaa trumped his party once again in 2001. DMK workers broke barricades and shouted slogans against the Centre and the state government.
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