Khan welcomes Trump desire to meet him: FO

A recent change in government realized Trump’s team that they have to revise their working relationship with newly sworn cricketer turned politician Imran Khan as Prime Minister. The focal point of realization is getting out from Afghan mess and Trump been told that none other than PM Imran Khan can help him out in this matter. He was expecting to meet him at Davos but … Continue reading Khan welcomes Trump desire to meet him: FO

How can plunging Lira impact EU market: EU spokesperson

EU spokes person Christian told: We have formed a commission who has taken this charge to monitor whatever is happening with Lira and also its sudden sharp decline. We are aware of all possible facts and outcomes and we are in a state of observation as most of the banks in Turkey are owned by European or Middle Eastern investors. So there is a possibility that this turmoil could … Continue reading How can plunging Lira impact EU market: EU spokesperson

Turkey to shun US electronics including I-Phone (7.1 m users in Turkey) punitive amid rising trade tensions

Turkey President Tayyip Erdogan announced today that the country would boycott all electronics from the United States after President Donald Trump slapped new tariffs on the region that caused the Turkish currency (the lira) to hit an all-time low. The announcement, which specifically targeted Apple, comes amid rising trade tensions between the two countries (and leaders), but it will barely touch the tech giant. “If … Continue reading Turkey to shun US electronics including I-Phone (7.1 m users in Turkey) punitive amid rising trade tensions

Headlines to start your Day

  Here is what you need to know on Tuesday • Fears of a global contagion. Turkey’s currency hit another record low, dragged down by soaring inflation, economic mismanagement and tensions with the U.S. There are growing fears of an impending economic meltdown that could spread to other emerging economies. The plunge of the lira hit stocks in Asia and Europe, and played havoc with … Continue reading Headlines to start your Day

Trump ordered to double tariffs is punitive Turkey, Lira plunges 15% against Dollar

President Trump said Friday that he told his administration to double steel and aluminum tariffs against Turkey, reflecting the rapidly deteriorating state of relations between the two countries. The announcement would mark a major policy shift, but it was made in a Twitter post with little context. Trump remarked that Turkey’s currency, the lira, was weakening against the U.S. dollar, a phenomenon that had made … Continue reading Trump ordered to double tariffs is punitive Turkey, Lira plunges 15% against Dollar