The Turkish lira has lost more than 45 percent of its value since 2017. In an intensifying cycle of tensions with the United States , Erdogan has called for a boycott of U.S. Following the Qatar news, the lira firmed briefly to 5.8699 from 6.04 to the dollar, before easing back to 6.0500 by 1658 GMT. But many analysts say the only way for the authorities to show they are really serious about tackling Turkey´s economic problems - which include inflation approaching some 16 percent - ...
The White House called the Turkish response a step in the wrong direction. Although narrowly tailored, those penalties have contributed to a slide in the value of the Turkey's currency, the lira , amid fears of a broad economic crisis. Turkey declined to accept aid from the International Monetary Fund on Thursday, but Finance Minister Beret Albayrak said Ankara would cut spending and tighten financial markets to slow down its overheating economy.
It's not clear from the speech quite what this boycott could entail - whether it's Erdogan encouraging people to buy non-American devices or whether this will be a full-on ban on imports. Mr Brunson was released from prison and placed under house arrest last month after serving 21 months in pre-trial detention in a Turkish prison on charges related to the 2016 attempted coup in Turkey.
Describing her push for education reform, a living wage, and Medicare for All, Hallquist said , "this is called being a civil society". He is expected to decline the nomination though and run again as an independent. The 62-year-old Hallquist is part of a wave of LGBTQ candidates seeking higher office across the U.S. Gubernatorial candidates Lupe Valdez of Texas, Kate Brown of OR and Jared Polis of Colorado, all Democrats, are out as LGBTQ.
The rupee crashed to a fresh lifetime low of 70.09 against the dollar as investors were nervous that the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital.
US West Texas Intermediate ( WTI) crude futures were at $67.63 a barrel, unchanged from their last settlement. Crude slid to the lowest in seven weeks as economic turbulence in Turkey and the strengthening greenback heightened concerns about global oil demand.