Erdogan to boycott iPhones as Turkey's feud with U.S. escalates

15 Août, 2018, 07:50 | Auteur: Auguste Feret
  • America's Lengthening Enemies List

Behind the scenes, however, diplomats resumed contact to ease tensions. Turkey's president, Recep Tayyip Erdoğan, is opposed to raising interest rates to cool down the economy and support the currency, and has used his recent election victory to impose his unorthodox views on the country's central bank.

"We will boycott USA electronic products", Erdogan said.

Turkish currency tumbled low over deteriorating relations with the United States as President Donald Trump unexpectedly doubled metal tariffs against the Muslim state on Friday.

Behind the scenes, however, diplomatic dialogue appears to have resumed.

Investors fear the country's financial crisis could spread, with Mr Erdogan describing the crash as a "political plot" against Turkey.

The lira is down roughly 40 per cent his year, dropping 10 per cent of its value on yesterday alone.

Speaking at a press conference with his Turkish counterpart Mevlut Cavusoglu, Lavrov said: "I'm certain that with such abuse, the role of the American dollar as the world reserve currency will weaken and more countries, even not affected by the American sanctions, will get away from dollars".

After travelling to Turkey, Mr Lavrov said: "I am confident that the grave abuse of the role of the U.S. dollar as a global reserve currency will result over time in the weakening and demise of its role".

The crisis in the lira, which has lost 45 percent of its value against the dollar so far this year, increases the cost of corporate debt, which stands at more than $220bn, much of it in the construction industry.

Police say presence in Fredericton's north side unrelated to shooting
Burns was proud of her line of work, frequently sharing links to articles about police work and issues on her Facebook page. The RCMP major-crime unit has taken over the investigation into the killings. "It's a shouldered weapon - a long gun".

USA denies ‘One China’ change after Taiwan president’s California speech
Before departing Los Angeles for Paraguay, Tsai thanked the USA for the arrangements it made for her US stopover. However, the Trump administration on Tuesday rejected speculation there was any change in policy toward Taiwan.

Easter Island’s Ancient Society Was Complex and Sophisticated, New Study Shows
But the researchers also urge caution and believe that this study is just the beginning, laying the groundwork for more research. There are at least three different sources on Easter Island that the Rapa Nui used for material to make their stone tools.

Relations between Turkey and the United States have been soured by Brunson's detention, as well as diverging interests on Syria.

The United States is warning more economic pressures may be in store for Turkey if it refuses to release a jailed American pastor, a White House official said on Tuesday, in a dispute that has further strained relations between the North Atlantic Treaty Organisation allies. It was not clear when the court would consider the appeal.

The row over Brunson has compounded Turkish concerns over issues such as U.S. support for PKK-linked Kurdish fighters in Syria as well as Washington's alarm at Turkish plans to buy a Russian air defence system, which led this week to the United States suspending military sales to Turkey.

The financial regulatory body said violators could face two to five years in prison.

Turkey, one of NATO's most significant military powers, has provided Washington with logistical support for its military actions in the Middle East for years.

The pastor's imprisonment and then house arrest has caused one of the deepest rows between Turkey and the USA, two North Atlantic Treaty Organisation allies. Erdoğan has insisted that Turkey remains committed to the principles of an open market economy but one option for the government is to try capital controls as a way of taking pressure off the lira.

Independent economists caution it would be hard to unseat the dollar as the top reserve currency as it is used widely in the global economy, for example to trade in oil and for commercial deals.

Local individuals and businesses sold an estimated US$50 million to US$60 million of foreign exchange on Tuesday morning, according to an Istanbul-based currency trader who declined to be named as they were not authorized to speak to the media. "Such policy can't be a basis for normal dialogue and it can't last long".

Conseillé:

  • Channel 5 announces Celebrity Big Brother theme and new eye

    Channel 5 announces Celebrity Big Brother theme and new eye

    Georgia May Foote has denied rumours she's going to be on the next series of Celebrity Big Brother . "Ever ever ever. From who's entering the house, to what twists and turns we can expect this series, we're being kept on our toes.
    Sen. Bernie Sanders wins Vermont Democratic nod

    Sen. Bernie Sanders wins Vermont Democratic nod

    Bernie Sanders is appearing on the Democratic ballot, even though he's already registered to run in November as an independent. Condos also certified Sanders the victor of the Democratic nomination for Senate in 2012, a nomination the senator refused.
    China angered at new United States  defence act, to assess content

    China angered at new United States defence act, to assess content

    In a statement on its website, the ministry said that the USA should treat investors with objectivity and fairness. The new USA measures on China come as the countries engage in an escalating trade war.
  • YouTube Pulls Ad For Horror Movie Because It Was Too Scary

    YouTube Pulls Ad For Horror Movie Because It Was Too Scary

    The six-second ad shows a volume sign decreasing until it reaches mute, and then the nun appears as part of a horrific jump-scare. The Nun is the latest horror film in the Conjuring franchise, and it may be the scariest.
    Steven N'Zonzi set to seal departure from Sevilla this week

    Steven N'Zonzi set to seal departure from Sevilla this week

    Roma's sporting director Monchi raided his former club for a player he signed for them from Stoke City in 2015. I thank the fans for welcoming me at the airport and promise to give my all.

    Meghan Markle Blogged About Wanting To Be A Princess 4 Years Ago!

    To make matters worse, he has been airing out all of their family's dirty laundry to the tabloid press. Although at this point, it's doubtful that anything will be said.
  • Lakers Hilariously Troll Rival Celtics In NBA Schedule Release Video

    Lakers Hilariously Troll Rival Celtics In NBA Schedule Release Video

    When accounting for broadcasts on ABC, ESPN, TNT and NBA TV, the Lakers will be in front of a national audience 43 times . Now that the schedule has been released, let's take a look at the good, bad and the ugly for the 2018-19 regular season.
    Drop in Turkish lira is making us a lot more money

    Drop in Turkish lira is making us a lot more money

    Nevertheless, Apple ranks as the second largest smartphone vendor in the country with a 13 percent share, according to Canalys. U.S. embassy charge d'affaires Jeffrey Hovenier on Tuesday visited Brunson in the western city of Izmir.
    David de Gea 'to be offered lucrative new Manchester United deal'

    David de Gea 'to be offered lucrative new Manchester United deal'

    De Gea's contract technically expires at the end of the current campaign but the club has an option to extend his deal until 2020. United are hopeful of agreeing a five-year contract with De Gea, which would keep him at the club well into his 30s.
  • " Je suis déjà supporter du PSG " — Eto’o

    Samuel Eto'o au PSG? Dans des propos relayés par Footmercato.net, il a fait part de son attachement au Paris Saint-Germain. En janvier dernier, le buteur camerounais âgé de 37 ans avait choisi de porter le maillot de Konyaspor.
    Jim Mattis defends his reversal on Space Force

    Jim Mattis defends his reversal on Space Force

    The Space Force swill meet "the rising security threats our nation faces in space today and in the future", Pence said. But Trump's tweet was relatively sparse given just how much he has been advocating for the creation of a Space Force .
    Un bébé meurt oublié dans une voiture en plein soleil en Espagne

    Un bébé meurt oublié dans une voiture en plein soleil en Espagne

    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 .


Populaire

Facebook to stream La Liga in Indian subcontinent
It's a deal that will continue for three seasons starting the 2018/19 campaign that is set to kick off on August 17. Facebook has some 350 million subscribers in the subcontinent, including 270 million in India .

Starbucks Launches Plant-Based Protein Beverages
Vegetarian and lactose intolerant coffee lovers can rejoice at Starbucks with new Protein Blended Cold Brew blended drinks, added to menus on Tuesday.

Depressed teenagers lead to depressed parents
When a parent sees their child struggle, it might affect their mood; when the child feels better , their spirits lift as well. In accordance with this, she also determined that when mothers get the treatment they need, their children are happier too.

Reality Star Lyric McHenry Dead at 26
McHenry shared a video of herself on Instagram just hours before she was found, celebrating her 26th birthday with friends. An autopsy has since been scheduled to determine what caused her death.

De nouveau dans le collimateur de Donald Trump — HARLEY DAVIDSON
Many @harleydavidson owners plan to boycott the company if manufacturing moves overseas. Ce n'est pas la première fois que Donald Trump cingle le fabricant.

Opérée d’urgence, Paris, la fille de Michael Jackson va mieux — USA
Paris Jackson araconté sa mésaventure sur les réseaux sociaux: durant ce week-end du 12 août, la jeune femme de 20 ans a éprouvé une douleur insoutenable.

Harvey Weinstein must face British actress's sex trafficking lawsuit
The judge cited evidence that Weinstein had promised Noble a film role and said "everything would be taken care of". We believe these claims are not legally or factually supported, and ultimately will not be sustained'.

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.

Todd Bowles: Terrelle Pryor 'should keep his mouth shut' about injuries
It was capped on Tuesday with a one-on-one drill in the end zone that saw a Redskins safety strip a ball out of Pryor's hands. There is optimism in NY that the Jets have their starter not only of the future but of the present.

Le candidat de l'opposition rejette à l'avance les résultats — Mali
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.