Getting personal: US, Turkish leaders feud over arrest
Aug 19, 2018, 00:34
Also Friday, Turkey's trade minister said her government would respond in kind to any new trade duties from the United States after U.S. Secretary of the Treasury Steven Mnuchin said the U.S. could put more sanctions on Turkey if the pastor is not released soon.
Muharrem Bozkurt was upbeat despite the lira crisis: "As we are a country where patriotic sentiments are high, no matter how much the dollar increases, we will get over this".
U.S. President Donald Trump's administration on Thursday signaled new sanctions against Turkey over Brunson's detention and Turkey said it would reciprocate.
The Turkish lira weakened to 5.86 against the dollar on Friday from its previous close of 5.8150 as investors weighed up a USA warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson.
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. The Harley Davidson executives are said to be fuming with Trump as the company has lost some serious cash in the past three months.
The Turkish government has also complained about what it calls USA support for Kurdish rebel groups fighting in northern Syria, and it has condemned the US refusal to extradite the Pennsylvania-based Islamic cleric Fethullah Gulen, who Turkey has accused of masterminding the 2016 coup attempt. On Wednesday, a court in Izmir, where Brunson is on trial, rejected his appeal to be released from house arrest.
Investors are concerned that Turkey's has amassed high levels of foreign debt to fuel growth in recent years, and as the currency drops, that debt becomes more expensive to repay, leading to potential bankruptcies.
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S&P said the downgrade of the debt rating to "B+" "reflects our expectation that the extreme volatility of the Turkish lira" which will undermine Turkey s economy.
In a brief statement, China's foreign ministry said: "China believes that Turkey has the ability to overcome the temporary economic difficulties, and hopes the relevant sides can ease their differences via dialogue". The feud over Brunson, who was detained in October 2016, has added to the jitters over an economy that grew quickly, with the help of heavy borrowing, in past years.
The rising tensions have caused the value of the lira to plunge by about a third of its value against the dollar since January.
If the evangelical pastor is found guilty, he will face up to 35 years in jail. Kemal Kilicdaroglu, head of the Republican People's Party, said Thursday in Ankara, the capital. "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!" he tweeted.
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He is a colonel in the Air Force, where he was a flight test engineer before being selected as a NASA astronaut in 2009. Josh Cassada: Coming to NASA after a career as a test pilot in the Navy, Cassada was chosen as an astronaut in 2013.
Erdogan has remained defiant in the face of the crisis with Washington, saying Turkey could turn to new alternative markets. Turkey says Brunson has ties to political groups responsible for the 2016 attempted coup of President Recep Tayyip Erdogan.
Turkey asked the United States to get a prisoner out of Israeli jail, which the USA did the next day, according to The Guardian . Not only would this help contain inflation but it would also help support the lira.
Gates was named as a co-defendant in the initial indictment handed down against Manafort last October. An acquittal would support efforts by Trump and his allies to portray the probe as a "witch hunt".
Whitmer, the first-ever female leader of a MI state Senate caucus, beat back challenges from former Detroit health director Dr. In a sign of Trump's looming presence in the midterms, both winners alluded to the president in their acceptance speeches.
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At the same time, Mueller's team continues to press the president's legal team for an interview with the commander in chief. Giuliani said he and Jay Sekulow, another Trump lawyer, had told the president: "This would be a very bad thing to do now".
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". Sinclair dropped 4 percent after Tribune Media ended its $3.9 billion deal to be acquired by Sinclair and filed suit.
Manchester United appear to have named Marcus Rashford as the club's new number 10 ahead of the upcoming season. David de Gea was kept relatively busy in the first period, making diving saves from Martinez and Serge Gnabry .
The ban does not apply to e-cigarettes, snuff and chewing tobacco, although there may be restrictions on those in some areas. The rule will be part of leases, and residents will be required to sign amendments agreeing to abide by the ban.
Erdogan says Turkey will boycott U.S. electronics, lira steadies
The United States is also considering a fine against Turkey's state-owned Halkbank for allegedly helping Iran evade USA sanctions. USA national security adviser John Bolton on Monday met Turkey's ambassador to the United States to discuss Brunson's detention.
Erdogan slams US for preferring terrorists as partner
Erdogan appealed to a crowd in the city of Bayburt to exchange dollars and gold for Turkish lira to prop up the plunging currency. European stocks closed sharply lower on Friday amid fears that problems in Turkey could infect other eurozone countries.
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Canada has said it is "gravely concerned" about the arrests and has called for those detained to be released immediately. Her brother Mr Badawi was sentenced to 10 years in prison and 1,000 lashes for "insulting Islam" online back in 2014.
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But many experts say those are neither irrevocable nor serious steps that could show the country is honest about denuclearization. But they did not agree on details, which will be further discussed through working-level talks, the ministry said.