Trump Says U.S. Won't Pay Turkey for Pastor's Release

Turkey's Move to Double Tariffs on US Goods a 'Step in the Wrong Direction,' White House Says

Trump Says U.S. Won't Pay Turkey for Pastor's Release

Turkish President Tayyip Erdogan tweeted: "On behalf of the Turkish people, I sincerely thank Sheikh Tamim and the Qatari people for standing by Turkey".

The court's decision came as Turkey and the United States exchanged new threats of sanctions, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the North Atlantic Treaty Organisation country.

This has worsened a crisis for Turkey's currency, the lira, which has lost about a third of its value against the dollar since January.

US stocks climbed higher in afternoon trading after a Mexican economic official told reporters that trade talks between the United States and Mexico were "advancing well".

Andrew Brunson, an evangelical pastor from Black Mountain, N.C., shown in Izmir, Turkey, on July 25.

President Erdogan's spokesman Ibrahim Kalin praised Qatari-Turkish relations on Twitter.

Aretha Franklin's Nephew Gives Update As Celebs Wish Her Well
This post Aretha Franklin Tribute Concert Planned For Madison Square Garden In November first appeared on Stereogum . Clarence Waldron, Franklin's former publicist, said Wednesday he was grappling with the singer's health crisis.

The Turkish lira has strengthened more than 3% today, ahead of a presentation by Finance Minister Berat Albayrak to investors, shrugging off USA comments ruling out the removal of steel tariffs on Turkey even if it frees a United States pastor.

While Erdogan has said Turkey would respond to the sanctions by boycotting US goods, Aljazerra reported Foreign Minister Mevlut Cavusoglu is sending a more positive message but cautioned about the Trump administration on its tone in future negotiations.

In return, Erdogan signed a decree to raise tariffs on USA imports including cars, alcohol and tobacco.

U.S. President Donald Trump speaks to reporters upon his departure from the White House in Washington, U.S., August 17, 2018.

In response, Erdogan launched a boycott of U.S. electrical products and sharply raised tariffs on other USA imports.

'If (the United States) have the iPhone, there's Samsung on the other side, ' he said, referring to USA giant Apple's iconic phone and the top South Korean brand.

Air quality statement issued by Environment Canada
This air quality history shows how bad the air has been in recent days, according to the Washington Department of Ecology. The Puget Sound Clean Air Agency advises residents throughout the Puget Sound region to stay indoors today.

Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.

Turkish Finance Minister Berat Albayrak, who is Erdogan's son-in-law, and his Qatari counterpart Ali Sharif Al-Emadi were present at the talks in the capital Ankara.

Markets are concerned by Erdogan's influence over the economy and his resistance to interest rate increases to tackle double-digit inflation.

The dollar dipped against a basket of six major currencies, moving further away from its highest levels since June 2017 hit earlier in the week as investors bought the USA currency in a flight to safety.

"Turkey will emerge stronger from these [currency] fluctuations", he said on Thursday as he addressed foreign investors and economists from the US, Europe and Asia via a conference call in a bid to soothe the markets.

In London, the FTSE 100 was down 0.4 per cent by Wednesday morning. Turkey's banking watchdog on Wednesday also moved to crack down on shorting of the lira.

Sarah Sanders apologizes for false claim about African-American jobs
The alleged recording of Trump using racial slurs was purportedly recorded during the taping of his reality TV show, The Apprentice .

Latest News