US President Donald Trump on Monday ruled out agreeing to any demands from Turkey to gain the release of a detained American pastor and said he was not concerned that his tough stance could end up hurting European and emerging market economies.
Around the Globe
Around the Globe
A broad cross-section of US businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.
Six days of public hearings on the proposed duties of up to 25 per cent will start on Monday in Washington as part of President Donald Trump’s and the US Trade Representative’s efforts to pressure Beijing for sweeping changes to its trade and economic policies.
Pakistan Prime Minister Imran Khan has announced his Cabinet comprising 21 members, the majority of whom previously held key posts in the regime of former military dictator General (retd) Pervez Musharraf.
Out of the 21 names announced, 16 will be ministers while five others will perform their duties as advisers to the prime minister, Pakistan Tehreek-i-Insaf (PTI) spokesman Fawad Chaudhry said on Saturday.
A suicide bomb attack on a group of teenagers studying for university exams in Kabul on Wednesday shocked Afghanistan but it was only the latest in a series of attacks on schools which have proved an easy target for militant groups.
More than 1,000 schools across Afghanistan remain closed for security reasons and at least 86 have been destroyed by militant attacks this year alone, according to UN figures.
Turkey said on Wednesday it is increasing tariffs on imports of certain US products, including rice, cars, alcohol and coal — escalating a feud with the United States that has helped trigger a currency crisis.
The Turkish government said it will impose extra tariffs on imports of products including rice, vehicles, alcohol, coal and cosmetics. Tariffs on American cars were doubled to 120 per cent while tariff on alcoholic drinks to 140 per cent.
London’s Metropolitan Police say that they are treating the crash outside of Parliament as a terrorist incident.
Authorities said in a statement on Tuesday that a man in his 20s was arrested on suspicion of terrorist offenses after the silver Ford Fiesta collided with a number of cyclists and pedestrians before crashing into the barriers during the morning rush hour.
He is in custody. No one else was in the car, which is being searched at the scene of the accident.
Two people were hurt, but authorities said none of the injuries were life-threatening.
Turkish policy makers made their first move to bolster the financial system and investor confidence amid a plunge in the lira. The currency, stocks and bonds extended their decline.
Turkish President Recep Tayyip Erdogan is showing no signs of backing down in a standoff with the US that rattled markets. As investors worry about Turkey sliding toward a full-blown financial crisis, the big question now is how far the pain may spread.
“I call out to those in the United States. It is a shame. You are trading a strategic NATO ally for a pastor,” Erdogan told a rally on Saturday in Ordu, referring to the US decision to sanction Turkey for its imprisonment of an American priest. “You cannot tame our people with threats.”
The United States says it will impose new sanctions on Russia for illegally using a chemical weapon in an attempt to kill a former spy and his daughter in Britain earlier this year.
The new sanctions, to be imposed later this month, come despite President Donald Trump’s efforts to improve relations with Russia and its leader, Vladimir Putin, and his harsh criticism of the investigation into Russian interference in the 2016 election.
Pressure is building on UK opposition leader Jeremy Corbyn to switch course and back a referendum on whatever Brexit deal the government reaches with the European Union.
Labour Party activists are trying to force a debate on the issue at its annual conference in Liverpool next month. If they succeed – and there are still some hurdles – a second plebiscite that could potentially reverse Brexit becomes much more likely.