Picture: AFP Washington. Turkey could end its lira-battering crisis with the United States “instantly” by freeing a detained American pastor, President Donald Trump’s national security adviser said, adding that a Qatari cash infusion would not help Ankara’s economy. U.S. pastor Andrew Brunson reacts as he arrives at his home after being released from the prison in Izmir, Turkey July 25, 2018. Demiroren The Turkish currency has been in freefall since Washington ordered tariffs in retaliation for the detention of Pastor Andrew Brunson on charges of complicity in a failed 2016 coup. Brunson denies wrongdoing, and Ankara has in the past suggested his fate could be linked to that of a U.S.-based Turkish cleric whom President Tayyip Erdogan accuses of orchestrating the attempted putsch. U.S. National Security Advisor John Bolton speaks during an interview with Reuters in Jerusalem August 21, 2018. REUTERS/RonenZvulun “Look, the Turkish government made … [Read more...] about John Bolton: U.S.-Turkey crisis could end ‘instantly’ if pastor freed
U s economic crisis
Washington (AP) -- As the Trump administration readies to re-impose sanctions on Iran that were lifted under the 2015 nuclear accord, America's European allies fear greater regional instability.President Donald Trump's withdrawal from the landmark agreement, signed by the U.S. and five other world powers, remains one of the most consequential foreign policy decisions of his presidency.Secretary of State Mike Pompeo said Sunday that renewed U.S. sanctions on Iran will be rigorously enforced and remain in place until the Iranian government radically changes course. While calling sanctions an important pillar in U.S. policy toward Iran, he said the administration is open to looking beyond sanctions but that would "require enormous change" from Tehran."We're hopeful that we can find a way to move forward but it's going to require enormous change on the part of the Iranian regime," Pompeo told reporters aboard his plane on his way home from a three-nation trip to South East Asia. "They've … [Read more...] about European Allies Uneasy as U.S. Restores Iran Sanctions
KABUL -- Sporting a long, graying beard and a dusty scarf, Noor Mohammad exits a gritty restaurant in the Afghan capital, where he has been trying to find work for weeks. Mohammad moved back to his native Kabul after living more than 10 years in Iran, where he washed cars and worked in construction to earn money to send back to his family of eight in Afghanistan. Mohammad is among the hundreds of thousands of Afghan migrants who once flocked to Iran for work but who have returned to their war-torn homeland amid a crippling economic crisis. It is unclear if the returnees plan to stay in Afghanistan temporarily or for the long-term. Iran's economic turmoil, which has sent unemployment soaring and the national currency plummeting -- has hit Afghan migrants particularly hard. The demand for work in the gray economy, where most Afghans work, has declined sharply. Iran's currency, the rial, has weakened against the afghani and is at record lows against the U.S. dollar, which is widely used … [Read more...] about Iran’s Economic Crisis Fuels Mass Exodus Of Afghan Migrants
U.S. Vice President Mike Pence plans to visit Guatemala and meet with victims of a recent deadly volcanic eruption as part of a Latin American trip to Brazil and Ecuador, a White House official said on Thursday, Reuters reports. At least 109 people were killed by a massive eruption of Guatemala’s Fuego volcano on June 3 that buried villagers in scalding ash and left nearly 200 missing. On June 4, the White House said Pence would visit Brasilia and Quito, Ecuador, in an effort to strengthen trade and security ties with countries grappling with growing numbers of refugees fleeing Venezuela’s economic crisis. Follow Trend on Telegram. Only most interesting and important news … [Read more...] about U.S. Vice President Pence to visit Guatemala volcano victims
LONDON (Reuters) - Before the financial crisis hit more than a decade ago, the easy way to test the global outlook was to apply the maxim that when the U.S. sneezes the rest of the world catches a cold. FILE PHOTO: Workers weld drawers on the assembly line at Metal Box International toolbox factory in Franklin Park, Illinois, U.S., February 21, 2018. Picture taken February 21, 2018. REUTERS/Timothy Aeppel/File Photo Much more relevant now is any potential illnesses from a bout of inward-looking U.S. policy, namely imposing tariffs on steel and aluminum imports while keeping natural trading allies in limbo on whether or not it applies to them. So far, nobody has a clear diagnosis but financial markets have smelled a whiff of change in recent weeks. Conventional wisdom, simple maths and plenty of recent evidence shows reduced global trade leads to reduced economic activity. That suggests the United States, even though its share of the world’s economic output shrinks … [Read more...] about When the U.S. goes it alone, what does the rest of the world do?