Turkey

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees

The European Commission has launched a legal case against Poland, Hungary and the Czech Republic, for refusing to take in asylum seekers, escalating a bitter feud within the 28-nation bloc about how to deal with the Pandora's box opened up Angela Merkel's 2015 "Open Door" policy, which has since slammed shut.

Multipolar World Order: The Big Picture In The Qatar-Saudi Fracture

"The American century is rapidly coming to an end. Terrorists are biting their masters’ hands and the vassals are rebelling. The unipolar world order that defers to the United States is rapidly disappearing, and the consequences are being felt in many areas of the world."

Qatar Is Running Out Of Dollars

"We have no dollars because there is no shipment or transportation from the United Arab Emirates. There is no stock," said a dealer at the Qatar-UAE Exchange House in Doha's City Center mall. "The shipment is blocked from the UAE."

To Bypass Food Embargo, Qatar Will Pay $8 Million To Airlift 4,000 Cows

Call it the biggest bovine airlift in history, as Bloomberg puts it. Because while the "showdown between Qatar and its neighbors has disrupted trade, split families and threatened to alter long-standing geopolitical alliances", it has prompted one enterprising Qatari businessman to fly 4,000 cows to the Gulf desert at a cost of $2000 each, to fill the void left by a collapse in the supply of fresh milk.

Key Events In The Coming Busy Week: Fed, BOJ, BOE, SNB, US Inflation And Retail Sales

After a tumultous week in the world of politics, with non-stop Trump drama in the US, and votes in the UK, France and Italy, this is shaping up as another busy week ahead with multiple CB meetings, a full data calendar and even another important Eurogroup meeting for Greece. Wednesday's FOMC will be the main event, with the Fed expected to hike 25bp, while the BOJ, BOE and SNB all remain on hold.

Iran Sends 2 Warships To Oman, Flies Food To Qatar

If there was any confusion on which side of the Qatar crisis Iran found itself, it was swept away today after Iran's Tasnim news, cited by Turkey's Anadolu Agency, reported that Iran plans to send two warships to Oman on Sunday, while sending four cargo planes of food to Qatar and plans to provide 100 tonnes of fruit and vegetable every day.

In "Major Escalation", Syrian Drone Attacks US-Coalition Forces

The United States shot down a pro-Syrian government drone that fired toward U.S.-led coalition forces in Syria on Thursday in what the Pentagon dubbed "a major escalation of tensions between Washington and troops supporting Damascus." It was the first known time that pro-Syrian government forces had fired at coalition forces in that region.

Qatar Puts Military On Highest State Of Alert Over Fears Of Imminent Incursion

US officials have said they have observed increased Qatari military activity as the country placed its forces "on the highest state of alert" over fears of an imminent military incursion. The Qatari Ministry of Defense reportedly also sent a letter to Saudi, UAE and Bahraini governments, saying they would fire on any naval ships from those countries that enter into its waters.

Syria's Cauldron: One Step Away from Major Showdown

While the world’s attention is focused on the Arab rift with Qatar isolated by a number of Saudi-led states, the situation in Syria is nearing conflict to nullify the achievements of the Astana and Geneva peace efforts. The ingathering of major forces in this part of Syria is ominous.

North Korea Fires Multiple Ballistic Missiles

The day before "Berserker Thursday" with its UK elections, Comey testimony and the ECB decision, was supposed to be quiet. Instead we had the first domestic Iran terrorism in decades, rising Qatar crisis tensions, the biggest crude crash in months, Germany pulling out of Turkey and stocks of course finishing the day higher. And now, to top it all off, moments ago North Korea fired multiple ballistic missiles.