Drop in Turkish lira is making us a lot more money
15 Août, 2018, 05:08 | Auteur: Auguste Feret
The pastor's imprisonment and then house arrest has caused one of the deepest rows between Turkey and the United States, two North Atlantic Treaty Organisation allies.
"We will impose a boycott on USA electronic products", Turkey's President Recep Tayyip Erdogan said in a televised speech.
This follows tariffs emplaced on Turkish metal exports last week by President Donald Trump which has caused a freefall of the Turkish Lira.
With Turkey's currency crashing, the government's response has been to blame outsiders and double down on a bad economic policy that is only making it worse.
In the case of the American pastor, the lawyer representing Andrew Brunson again asked a Turkish court to release him from house arrest.
U.S. embassy charge d'affaires Jeffrey Hovenier on Tuesday visited Brunson in the western city of Izmir.
The currency has been steadily declining for the past year.
The U.S. responded to the charges by placing sanctions on two ministers and later placing doubling the steel and aluminum tariffs on Turkey; it is these tariffs which are driving concern over Turkey's economy. That helped Turkey's economy, which grew at 7 percent past year.
But now the U.S. Federal Reserve is raising rates.
FDA approves app as a form of birth control
One Stockholm hospital launched an investigation into the app following 37 unplanned pregnancies in women who were using it. For reference, male condoms have a failure rate of 18 percent, and oral contraceptives have a failure rate of 9 percent .
While Erdogan didn't address their concerns in his speeches on Tuesday, he suggested Turks have already begun responding to his call to convert foreign exchange into lira because it would be tantamount to "surrendering" if they did otherwise. Turkish economy's body is solid. "The global backdrop has changed and is now less supportive for Turkey, rendering political bluster ever more economically damaging, especially in the context of a heightened Iran-related sanctions from the U.S". Prices are already up 16 percent since previous year, according to the Associated Press.
He has also urged manufacturers not to rush to buy U.S. dollars.
The lira started to stage a recovery on Tuesday following its dramatic two-day collapse. "But there will be a price [which] those who're waging an economic warfare against Turkey will also pay". The fear is of a full-blown emerging market crisis.
Nevertheless, Apple ranks as the second largest smartphone vendor in the country with a 13 percent share, according to Canalys. Other countries have much less exposure. But American companies' direct contact with the Turkish economy is quite limited.
Erdogan was responding to the $716 billion John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA), which prohibits the sale of F-35s to Turkey for 90 days until the Pentagon produces a report on the risks and consequences of Turkey, a member of North Atlantic Treaty Organisation, purchasing the Russian S-400 missile defense system.
"We view the policy of sanctions as unlawful and illegitimate, driven mostly by a desire to dominate everywhere and in everything, dictate policies and call shots in worldwide affairs", said Lavrov, predicting "such a policy can't be a basis for normal dialogue and can't last long".
That doesn't mean there are no broader economic risks.
An actress who stars on The CW's post-apocalyptic series " The 100 " has reportedly been arrested on charges of domestic violence. Marie Avgeropoulos speaks onstage at Comic-Con International 2017 at the San Diego Convention Center on July 21, 2017.
Selon les débuts de l'enquête, la fillette serait décédée à cause de la chaleur qui n'a cessé de monter dans la journée. Un oubli tragique car le bébé est décédée, rapportent nos confrères espagnols d'El Pais .
Katie Stubblefield lost the majority of her face after suffering severe gunshot wounds in an attempted suicide at the age of 18. There is the chance of numerous complications, including that her body will reject the new face and it will have to be removed.
Cissé, un ancien ministre des Finances de 68 ans qui n'a pas su unir l'opposition pendant l'entre-deux tours. Hormis ce "cas dramatique", "le scrutin s'est globalement déroulé sans incidents", a jugé le gouvernement.
Kanye West denies being 'stumped' on 'Kimmel'
It's more about Trump's long history of racism, misogyny, and xenophobia that is what has made this so ridiculous. West sat silently, arms crossed, looking into the distance before Kimmel took a commercial break.
Vancouver's air quality unhealthy for sensitive groups
The Puget Sound Clean Air Agency does forecast air quality levels to return to GOOD to MODERATE by Wednesday and beyond. The CDC also has tips for how effective different types of masks can be , depending on your exposure.
The best hospitals 2018-19 honor roll
The University of Kentucky Chandler Hospital continues to be ranked the number one regional facility in Kentucky by U.S. News and World Report, which released its Best Hospitals Rankings Tuesday.