What to Watch: Theresa May's leadership challenge, pound rises, stocks surge
May heads to Netherlands, Germany in bid to save Brexit deal
Marlboro cigarettes' parent company delves into marijuana market
OPEC agrees to deal to cut oil output, despite Trump pressure
China-US trade: China vows speedy action on trade commitments
Erdogan says crash of lira 'political plot' against Turkey
13 August 2018, 02:22 | Vera Richards
An investor looks at an electronic board showing stock information at a brokerage house in Shanghai China. Aly Song Reuters File
On Friday, US PresidentDonaldTrump announced to double steel and aluminum tariffs on Turkey, saying relations between Washington and Ankara "not good" as tensions mount between the two countries.
"It is making an operation against Turkey ..."
The lira dropped by 17 percent against the United States dollar at one point on Friday, which has people anxious that Turkey's crisis could harm worldwide markets.
Erdogan renewed his call for Turks to sell dollars and buy lira to boost the currency, while telling business owners to not stockpile the American currency. "With God's permission we will overcome this", he added.
ISTANBUL - Turkish President Tayyip Erdogan said on Sunday the current level of the lira and fluctuations in the exchange rate could not be explained by logic, and its recent plunge showed a plot against Turkey.
"Change the euros, the dollars and the gold that you are keeping beneath your pillows into lira at our banks".
"The price of the food that I buy increases day by day, the fuel that I put in my auto to distribute lunches is more expensive, but I can not raise my prices from one day to the next", she said. "You should know that to keep this nation standing is. also the manufacturers" duty".
Turkey President Recep Tayyip Erdogan hit back at United States "threats" on Saturday, as a diplomatic rift between Ankara and Washington over a jailed American pastor widens.
"We will respond to those who declared trade war on the entire world and included Turkey in it, by steering towards new alliances, new markets", he said, raising questions in the future partnership between Ankara and Washington. "Some close the doors and some others open new ones".
In the New York Times, Erdogan warned Washington not to risk relations with Ankara, saying otherwise his country would look for "new friends and allies".
He further added that the only response to a country which chooses to sacrifices its strategic partnership and a half century alliance with a state with a population 81 million for the sake "terror groups" is "good-bye".
Russian Federation would consider it an economic war if the United States imposed a ban on banks or a particular currency, Prime Minister Dmitry Medvedev said on Friday, the TASS state news agency said.
In a separate opinion piece in the pro-government newspaper Daily Sabah, Erdogan's spokesman Ibrahim Kalin said Turkey's efforts to solve the crisis with diplomatic methods had been dismissed by the Trump administration, warning that "the USA runs the risk of losing Turkey" as an ally. Trump has described his detention as a "total disgrace" and urged Erdogan to free him immediately.
The United States sanctioned Turkey for imprisoning an American priest on bogus charges.
A Turkish delegation visited Washington for talks this week but left with no signs of a breakthrough.
New N. Korea missiles unlikely to doom talks, experts say
The 55 boxes, draped in the blue and white flag of the United Nations, are each small enough to be carried in one person's arms. Still, the initial "field forensic review" indicates that the "remains are what North Korea said they were", Byrd said.
Facebook finds 'sophisticated' efforts to disrupt USA politics
Among the new accounts were one called " Resisters " which promoted a fake anti-right wing protest in August in Washington D.C. The company says it does not know who is behind the efforts, but said there are may be connections to Russian Federation.
Motorola won't be making a Moto Z3 Force this year
The phone is splash resistant and has the power button on the left side , with the fingerprint scanner sitting on the right side . From a subscription perspective, the Mod acts like "a data card connected to your phone", according to Moto engineers.
Pence, Pentagon promise 'Space Force' by 2020
Pence portrayed the change as a response to foes' potential aggression rather than any offensive US military effort. Russian and China have made significant advancements, challenging the United States' assets in space.
Trump Administration Rolls Back Fuel Economy Standards For Cars
Trump administration wants to freeze Obama-era requirements that force automakers to manufacture more fuel-efficient vehicles. But private transportation experts say there are so many factors involved that the 1,000 lives saved figure is questionable.
Donald Trump defends tariffs in key political area: Farm country
But Trump's proposed farm subsidies follow a different logic. "So we're going to make a lot of progress", Mnuchin told reporters. Trump touted the growth in a speech Friday morning from the Rose Garden. "We don't have one trade deal that's good", Trump said.
U.S. revives sanctions to hurt Iran economy
Later in the year, the U.S. will also reimpose sanctions on Iran's oil and energy exports and transactions with the central bank. He said Iran had "always welcomed negotiations" but that Washington would first have to demonstrate it can be trusted.