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

15 Août, 2018, 07:50 | Auteur: Auguste Feret
  • Euro Sells Off on Fragile Emerging Market Rebound- US Market Open

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.

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.

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.

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 .

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:



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 .

Vimeo scrubs Alex Jones from streaming service
Dorsey will talk with NBC Nightly News anchor Lester Holt about InfoWars in an interview scheduled to air Wednesday night. Add Vimeo to the growing list of social media sites that are refusing to host InfoWars content.

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.

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.

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.

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 .

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.

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.

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.

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.