Business

Turkish airline, telecoms firm to halt US advertising

In retaliation, Turkey's doubled tariffs on USA passenger cars, coal and other goods and announced a boycott of US electronic goods. "The import duties were increased on some products, under the principle of reciprocity, in response to the USA administration's deliberate attacks on our economy", Vice President Fuat Oktay wrote on Twitter .

Business

Chinese official to visit United States to resume talks to end trade war

The Chinese government did not say what topics would be discussed at the upcoming meeting, but reiterated Beijing's stance that it opposes "unilateralism and trade protectionism". Beijing and Washington started a tit-for-tat trade war in July, each imposing 25 per cent tariffs on the other side's goods. "Lower-level officials will meet and haggle and see if there is a possibility for higher-level talks".

Business

Lira rallies as Turkey pledges spending cuts to avoid International Monetary Fund bailout

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 - ...

Business

Erdogan says Turkey will boycott USA electronics, lira steadies

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.

Business

Turkish relations spiraling amid tit-for-tat penalties over detained pastor

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.

Business

Trans Candidate Wins Democratic Primary for Vermont Governor

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.


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