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Turkish lira at record low as Trump doubles tariffs

Turkish lira at record low as Trump doubles tariffs

Business
Turkey's currency slumped to a new record low as Donald Trump compounded the country's economic crisis by doubling steel and aluminium tariffs. The US president revealed the action on Friday as he noted how the Turkish lira "slides rapidly downward" against the "very strong" US dollar.Amid an escalating feud with Ankara, Mr Trump added on Twitter: "Our relations with Turkey are not good at this time!"The day saw the lira plunge as much as 18% at one point, the biggest one-day drop since Turkey's 2001 financial crisis.Now at a new record low, Turkey's currency has lost more than 40% this year. Image: Donald Trump claimed 'relations with Turkey are not good at this time!' The slump is attributed to the tensions...
Turkish troops enter Syria's Idlib province

Turkish troops enter Syria's Idlib province

World
Oct. 13 (UPI) -- Turkish forces on Friday began crossing into Syria's Idlib province in order to monitor de-escalation zones, the Turkish military said.The troop movement is part of a joint mission between Turkey, Russia and Iran to observe de-escalation zones and remove a stronghold of former al-Qaida militants from the area. The three countries agreed in May to be guarantors of a cease-fire to help end the six-year civil war in Syria.Turkey backs groups opposed to Syrian President Bashar al-Assad, while Russia and Iran support the leader.A statement from the Turkish government said troops were establishing observation posts as part of the Astana agreement."The Turkish armed forces continue to carry out their duties in the territory within the engagement rules agreed by the guarantor coun...
Turkish troops prepare to enter Idlib province, Syria

Turkish troops prepare to enter Idlib province, Syria

World
Oct. 8 (UPI) -- Turkey deployed commando units along its border with Syria and aided Free Syrian Army rebels as they crossed into Syria's Idlib province, the Turkish government announced.The troop movement is part of a joint mission between Turkey, Russia and Iran to monitor a de-escalation zone in Syria and remove a stronghold of former al-Qaida militants from the area. The three countries agreed in May to be guarantors of a cease-fire to help end the six-year civil war in Syria.Although there is no U.S. involvement in the mission, and the U.S. government is watching the combined involvement of the three countries armies. A Pentagon spokesman said the United States supports the action.Rebels of the FSA rode on trucks through Turkey and crossed the Syrian border on Saturday, while Turkish ...