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Turkey’s financial crisis raises questions about China’s debt-driven development model

By James M. Dorsey   Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with the United States, but are unlikely to resolve the country’s structural problems, fuelled by President Recep Tayyip Erdogan’s counterintuitive interest rate theories. The latest crisis …

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Erdogan to boycott iPhones

Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.’s iPhone, as he retaliates against Donald Trump’s attempts to isolate his economy. After the US imposed sanctions on two Turkish ministers and amid growing domestic pressure from businesses and banks to contain a currency crisis, Erdogan said …

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Europe: World must hold end of bargain with Iran

The European Union says the international community has an obligation to maintain economic relations with Iran, despite the United States’ unilateral withdrawal from a multilateral deal with the Islamic Republic that could hamper such relations. Referring to a 2015 deal between Iran and originally six world powers, EU foreign policy …

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US withdrawing aid from northwest Syria

The United States is withdrawing assistance from northwest Syria as the Trump administration reviews hundreds of millions of dollars in stabilization aid to Syria, a State Department official has told CNN. The withdrawal of assistance comes as the US-led military coalition battles the remaining elements of ISIS in the Middle …

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China lands bomber on South China Sea island for first time

The Chinese air force has landed long-range bombers for the first time on an airport in the South China Sea, a state newspaper said Saturday, in a move likely to further fuel concerns about Beijing’s expansive claims over the disputed region. The China Daily newspaper reported that the People’s Liberation …

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Russian FM says US trying to ‘divide Syria into parts’

Russia’s foreign minister said Saturday the United States is trying to divide Syria. During a meeting with his counterparts from Iran and Turkey, Sergey Lavrov said the recent U.S.-led missile strikes on Syria “seriously aggravated the situation.” He added that statements about supporting the territorial integrity of Syria “are only …

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Syria: bottom line questions

Graham E. Fuller — The Trump administration has just delivered several dozen military strikes against Syria purportedly aimed at chemical production and storage facilities. It was an act the international community feared might lead to overt war in Syria between the US, Iran and Russia, but it came off a bit …

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Prosecutor: Marine instructor’s hazing targeted Muslims

A former Marine Corps drill instructor was “drunk on power” and targeted three Muslim recruits for abuse, prosecutors said at the opening of his court-martial on charges including cruelty and maltreatment. Gunnery Sgt. Joseph Felix punched, choked and kicked recruits at the Marine Corps’ Parris Island, South Carolina, training center, …

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U.S. says Iran rocket test breaches U.N. resolution

 Iran successfully tested a rocket that can deliver satellites into orbit, state television reported on Thursday, an action the United States said breaches a U.N. Security Council resolution because of its potential use in ballistic missile development. Iranian state television showed footage of the firing of the rocket, mounted on …

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