Turkish lira steady despite new threats from Trump

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

The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a worsening commercial and political standoff with North Atlantic Treaty Organisation ally the United States.

US Treasury Secretary Steven Mnuchin told Mr Trump at a cabinet meeting on Thursday that sanctions were ready to be put in place if Mr Brunson were not freed. "Working with you, we have more that we're planning to do if they don't release him quickly", Mnuchin told the president.

Last Friday, U.S. President Donald Trump said he had authorised higher tariffs on aluminium and steel imports from Turkey.

One of Turkey's high criminal courts has rejected U.S. pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency.

Last month, at Brunson's third court hearing in almost two years, United States officials thought they had brokered a deal to free him by pressuring Israel to release a Turkish citizen imprisoned there.

Aretha Franklin: A life in pictures
Paul McCartney called Franklin an inspiration and "the Queen of our souls", while Diana Ross hailed her "wonderful golden spirit". Aretha Franklin must have understood early on what fame was like, as the daughter of the immensely popular Detroit preacher C.L.

Even if pastor Brunson returns home some way or another the heavy damage inflicted on Turkish-American relations will not be mended for a long time to come. He did not elaborate on what measures the USA is willing to take if Turkey continues to play hardball over Brunson.

"Diplomatic negotiations hit speedbumps and that's not unusual in these kinds of situations", said Jay Sekulow, a personal attorney for Trump who is also representing Brunson's family.

Following the announcement, the lira firmed briefly to 5.8699 from 6.04 to the USA dollar, but later eased back to 6.0200 at 1538 GMT.

In a bid to soothe the markets, Turkish Finance Minister Berat Albayrak went on record on Thursday to reassure investors that Ankara was still in control.

"Pastor Andrew Brunson is an innocent man held in Turkey & justice demands that he be released", Pence tweeted.

Korea Bans Port Entry of 4 Ships that Transported N. Korean Coal
Kim Eui-keum, a spokesman for Moon, said that holding the summit before September 10 would be hard due to logistics. Experts say there has been slow progress on those efforts since the Singapore summit.

Turkey is also seemingly on the brink of a major debt crisis, as a weakening lira makes it harder for Ankara to pay its worldwide dues.

The row has caused Turkish lira to crash to an all-time low against the United States dollar, prompting Turkish officials to take emergency measures. The crisis has been precipitated by investor alarm about President Tayyip Erdogan's influence over monetary policy.

The Turkish lira continued to retreat from its historic low against the dollar on Thursday after Qatar announced a $15 billion funding package for Turkey's wobbling economy.

A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet USA representatives, China's Ministry of Commerce said in a statement.

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More than 40 people have already lost their lives in the heavy rainfall, which has led several dams to burst their banks. Working with state government to ensure proper movement as much as possible in given situation.

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