Turkish lira rallies as Qatar makes $15 bil. loan pledge

Turkish lira

Tariffs on other goods like cosmetics, rice and coal were also doubled.

Turkey has sharply raised tariffs on USA imports, including passenger cars, alcohol and tobacco. "This is regrettable and a step in the wrong direction".

That followed a string of urgent steps Erdogan has taken to protect Turkey's economy, which was already under strain before the latest US tariffs and sanctions were announced. After that unfortunate event, both countries proceeded to impose hefty sanctions and tariffs on one another.

Ankara acted amid increased tension between the two North Atlantic Treaty Organisation allies over Turkey's detention of a pastor and other diplomatic issues, which have helped to send the lira tumbling to record lows against the dollar. The currency picked up 6 percent and strengthened briefly at just under 6 to the dollar.

Vice President Fuat Oktay tweeted that the new tariffs were retaliation for "the deliberate attack of the US administration on our economy", CNN said.

Ankara's first batch of tariffs hit $1.8 billion in USA products.

Doha has United States dollars 20 billion worth of investments in Turkey, official figures showed last month, and Ankara is now one of the top exporters to the emirate. Turkey's exports to the United States previous year amounted to $8.7 billion, making it Turkey's fifth-largest export market.

Trump has repeatedly asked for Brunson's release, while Ankara said the decision was up to the court.

NYU's Amazing RX for Med Students: Full Scholarships for All
At the same time, all current NYU medical students received emails saying the school is offering them full-tuition scholarships. Rafael Rivera, NYU's associate dean for admission and financial aid", told The Journal.

Arrest after dozens overdose in CT park
Their symptoms included vomiting, hallucinations, high blood pressure , shallow breathing and unconsciousness, ABC News reported. The Courant said authorities had determined that patients had smoked the synthetic cannabinoid K-2 laced with fentanyl.

Women Say They Were Denied Jobs Because They Had ‘Ghetto’ Names
Robinson, meanwhile, told The Post Wednesday that she's still reeling from the pure hatred exposed in the hacked message. Louis County's cyber crime division, and that he was waiting for Indeed.com to provide the IP address of the hacker.

Mr Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty. An upper court had yet to rule on the appeal, his lawyer told Reuters.

"We have more that we're planning to do if they don't release him quickly", Mnuchin said. White House press secretary Sarah Sanders that Washington will withdraw sanctions on Turkey if Brunson was set free. But the White House does not plan to lift the metals tariffs, which Sanders said were a national security issue.

The currency has lost almost 40 per cent against the dollar this year, impacted by Mr Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inflation.

The lira had nosedived in recent weeks, hitting a record low of 7.24 earlier this week, amid a diplomatic and trade dispute with the United States that has exacerbated investor concerns over Turkey's economy.

Worldwide investors have been anxious by Turkey's high levels of foreign debt and Erdogan's refusal to allow the central bank to raise interest rates to support the currency, as experts say it should.

"No one has an interest in the economic destabilization of Turkey", Merkel said in Berlin this week.

"Rates have gone up by 10 percent".

Despite a slight recovery in the value of the lira against the dollar in reaction to the call, the Turkish currency still remains down some 34 percent this year.

Related News:

  • Aretha Franklin, the 'Queen of Soul,' has died at 76

    Aretha Franklin, the 'Queen of Soul,' has died at 76

    Philip Phillips of Karmanos Cancer Institute" in Detroit. "I'm just so sad that we had to lose her", Black said. Funeral arrangements will be announced in the coming days. "For more than 50 years, she stirred our souls".
    Teyana Taylor Announces Tour Without Jeremih

    Teyana Taylor Announces Tour Without Jeremih

    All of the dates will remain the same, except for a rescheduled Toronto show, and Dani Leigh will continue on as supporting act. Teyana Taylor put Jeremih on blast then announced that she is no longer a part of the " Later That Night Tour ".
    Elon Musk Wants to Take Angelenos Out to the Ball Game

    Elon Musk Wants to Take Angelenos Out to the Ball Game

    Along the line of the tunnel, six ventilation/exit shafts will be constructed on private property, the company says. The firm said it is also working with several L.A. city agencies and drafting an environmental impact report.
  • USA  ex-spymaster says Trump colluded with Russian Federation

    USA ex-spymaster says Trump colluded with Russian Federation

    White House spokeswoman Sarah Huckabee Sanders announced the decision at a White House briefing Wednesday. Nancy Pelosi, the House Democratic leader, says Trump's move is a "stunning abuse of power".
    Madonna at 60: Material Girl through the decades

    Madonna at 60: Material Girl through the decades

    Of course, it wouldn't be Madonna without a little controversy. "You have haunted my dreams since I was 13". Madonna is the best-selling female recording artist of all time with estimated sales of over 300 million.
    Dollar hovers near 13-month peak on concerns over lira

    Dollar hovers near 13-month peak on concerns over lira

    U.S. national security adviser John Bolton on Monday met Turkey's ambassador to the United States to discuss Brunson's detention. It is noted that this decision was taken in response to U.S. sanctions .
  • Italian motorway operators’ shares plummet after deadly bridge collapse

    Italian motorway operators’ shares plummet after deadly bridge collapse

    Rescuers searched overnight for survivors through tons of concrete and steel under the shattered structure of the Morandi Bridge. Some of the wreckage landed in a dry riverbed that could flood when the rainy season resumes in a few weeks.
    Report claims China printing Indian currency, govt denies

    Report claims China printing Indian currency, govt denies

    The Reserve Bank of India has time and again asserted that the country's currency gets printed only within India . The BRI focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe .
    Watch James Corden Carry Ariana Grande Into Starbucks on ‘Carpool Karaoke’

    Watch James Corden Carry Ariana Grande Into Starbucks on ‘Carpool Karaoke’

    Apparently, they mostly revolve around her being secretly knocked up. "People really want me to be pregnant", Grande said. Grande surprised Corden again later on when they both realized Little Shop of Horrors was their dream Broadway show.
  • Bob Zimmer: Sir John A. Macdonald's legacy must stand, warts and all

    Bob Zimmer: Sir John A. Macdonald's legacy must stand, warts and all

    Ontario Tourism Minister Sylvia Jones said Monday the province would be happy to have the statue of Sir John A. A plaque placed at the statue's former home, explaining the monument's removal, has since been vandalized.
    Perseid Meteor Show Wows Skywatchers with Celestial Fireworks

    Perseid Meteor Show Wows Skywatchers with Celestial Fireworks

    A meteor streaks through the sky during the Perseid meteor shower above the village of Hajnacka in Slovakia, Aug. 13, 2018. It takes 133 years to ellipse the Sun and this is the first year it has passed into the inner solar system since 1991.
    FDA issues voluntary recall for two thyroid medications

    FDA issues voluntary recall for two thyroid medications

    The FDA statement says that Westminster Pharmaceuticals has been recalling all lots of the said tablets within their expiry dates. The recall affects both medications in their tablet form, which come in 15 mg, 30 mg, 60 mg, 90 mg and 120 mg dosages.


Most liked

Man held on suspicion of killing wife, two kids in Colorado
Two law enforcement sources close to the investigation told the station that Watts confessed to killing his family. Falls said he didn't meet Watts and that an agent handled the closing for her. "I don't know where she's at".

Overdose total hits 76 in Connecticut park
While no deaths were reported, a local official says at least two of the overdose victims had "life-threatening symptoms". Connecticut Public Radio 's Diane Orson reports that at least one person has been arrested in connection with the case.

Alphabet Invests $375M In Oscar, Gains A 10% Stake 08/14/2018
CNN reported that longtime Google executive and former YouTube CEO Salar Kamangar will join the start-up's board. And while the new round maintains a similar valuation for the company, it gives Alphabet a 10% share in Oscar .

"Iron Fist" Season 2 Highlights A Familiar Foe In New Trailer
Marvel has been even more tight-lipped than usual about what shape the Iron Fist Season 2 story might take. It'll be up to Metzner to right the ship.

FDA Approves First Mobile App for Use in Preventing Pregnancy
Even though Natural Cycles claims to be an effective contraceptive, it's not 100 percent fool-proof when used by itself. During clinical trials the app had a "perfect use" failure rate of 1.8%.

PROGRESSIVE PARADISE? San Francisco Creates $750,000 'POOP PATROL' to Fight Feces
Another person wanted to know: "How much would you have to make to do this job?" Breed said the problem has been getting worse. Homeless people are also using the Pit Stops for purposes other than the original intent. "Oh good grief ", read one comment.

Here are the best hospitals in SC, according to new U.S
News & World Report's rankings of best regional hospitals, knocking Kaiser Permanente Roseville Medical Center off the list. Carmichael's Mercy San Juan Medical Center and Sutter Roseville Medical Center claimed spots this year on U.S.

Comcast expands internet program to veterans
The expansion could make as many as 32,000 low-income veterans in New England eligible for the program, the company said. A program that gives low-income families affordable access to the internet is expanding.

Turkish courts release detainees but reject United States pastor's appeal
Turkey's exports to the United States a year ago amounted to $8.7 billion, making it Turkey's fifth-largest export market. The White House called the Turkish response a step in the wrong direction and signaled a hard line on Brunson's release.

India to send manned mission to space by 2022: Modi
Lalithambika, a specialist in advanced launcher technologies, will helm the project as Director of the Human Space Flight Project. India's space programme, under policies set by its earliest architects, had for decades focused on ground applications of space.

Aretha Franklin dead: Queen of Soul passes away at age 76
Franklin racked up a string of awards and accolades over her decades-long career for hits like " Respect " and " Chain of Fools ". She cancelled planned concerts earlier this year after she was ordered by her doctor to stay off the road and rest up.

The light of your smartphone is making you blind, study reveals
John Payton, visiting assistant professor in the UT Department of Chemistry and Biochemistry, said. Macular degeneration is caused by the death of photoreceptors, a kind of light-sensitive cells.

It's Officially Official: James Gunn Won't Be Returning For GUARDIANS 3
Gunn was let go from the project almost a month ago when dozens of Gunn's tweets from almost a decade ago came to light. Variety's sources say the meeting was "civil and professional" and Horn "stood by his decision".

USA newspapers unite against Donald Trump's 'fake news' rhetoric
For some, including Mr Trump, it will feed the narrative that there is a partisan war between the press and the president. They purposely cause great division & distrust. "THE FAKE NEWS MEDIA IS THE OPPOSITION PARTY", he tweeted.

Queen of Soul Aretha Franklin has died
Singer Aretha Franklin performs during a concert at Madison Square Garden on June 28, 1968 in New York City, New York. She received our nation's greatest honor in 2005 when she was presented with the Presidential Medal of Freedom.