Turkish court rejects release appeal of American Pastor

Andrew Brunson has been held in Turkey for almost two years over alleged links to outlawed political groups.

Analysts also said the political cost of the investment remained to be seen, given that Qatar is also a United States ally and dependent on Washington for both military and political protection.

The embattled currency, which has fallen by 40% this year amid a lack of interest rate hikes to control inflation, fell to around 5.86 to the dollar - continuing its recovery from a record low of 7.23 on Sunday.

"They should have given him back a long time ago, and Turkey has in my opinion acted very, very badly", Trump told reporters at the White House, referring to Brunson.

Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the North Atlantic Treaty Organisation country as a Turkish court rejected the appeal of an American pastor caught in the middle of the row.

Last week, President Trump authorized doubling tariffs on Turkish steel and aluminum which has further strained economic tensions with Turkey.

Turkey vowed it would not succumb to threats.

Turkey has responded by declaring that it will raise tariffs on a number of USA imports, including cars, tobacco and spirits. Its leader lives in Pennsylvania and the US has rejected calls from Turkey to have him extradited. He later tweeted that the clergyman, who has been detained since 2016 when he was arrested in a government crackdown following a failed coup bid, was a "great patriot" being held "hostage".

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Mr Brunson denies any involvement.

Mr. Trump is taking issue with the continued detention in Turkey of Andrew Brunson, an American evangelical pastor who faces 35 years in prison on charges of espionage and terrorism.

The influential Protestant evangelical church in the USA is a major support base for Mr Trump.

So then the Turkish side proposed the extradition of Mehmet Hakan Atilla, the deputy CEO of Halkbank who was sentenced in May to 32 months in prison after he was convicted of taking part in a scheme to help Iran evade U.S. sanctions.

China's state planner pledged on Wednesday to keep debt levels under control even as Beijing rolls out fresh stimulus to support the stumbling economy as a trade war with the USA deepens.

Although Qatar has now pledged $15 billion it has not actually paid anything, and it may not be enough to solve Turkey's economic problems.

It's an awkward triangle, given that Turkey is a Nato member, Russian Federation is Nato's number one threat and the organisation is obliged to defend any member that is attacked.

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