
U.S. prepares painful sanctions against Turkey
The U.S. government warns Turkey of tough sanctions, if the country proceeds in the purchase of the Russian S-400 missiles.

The U.S. government warns Turkey of tough sanctions, if the country proceeds in the purchase of the Russian S-400 missiles.

Economic sanctions against Russia will be extended for six months by heads of states and governments of the European Union.

There will not be any military confrontation between Iran and the United States, the secretary of Iran’s Supreme National Security Council was quoted as saying on Wednesday. However, the U.S. say that the death of one single U.S. serviceman would trigger military action.

The dollar held near a two-week high early on Wednesday ahead of the Federal Reserve’s closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank and bearish eurozone economic data.

Acting Defense Secretary Patrick Shanahan has withdrawn from consideration to head the U.S. military.

Boris Johnson, the frontrunner to replace British Prime Minister Theresa May, won the most votes cast in the second round of voting for Conservative Party leader on Tuesday, with four other candidates also getting through.

U.S. President Donald Trump criticized European Central Bank President Mario Draghi’s comments earlier on Tuesday calling for possible additional policy changes by the ECB.

Syria does not want to see fighting with Turkey, its foreign minister said on Tuesday, after Turkey said one of its posts in Syria’s Idlib region was attacked from an area controlled by Syrian government forces.

Acting U.S. Defense Secretary Patrick Shanahan announced on Monday the deployment of about 1,000 more troops to the Middle East for what he said were “defensive purposes,” citing concerns about a threat from Iran.

The China Earthquake Networks Center has recorded a 1.3-magnitude quake in China’s Jilin Province on the border with North Korea.