Feb 27, 2018

Czech court orders release of Syrian Kurdish leader Turkey wants extradited

Muslim (center) is escorted to the hearing by police. Photo: STRINGER/AFP/Getty Images

A Czech court has freed Saleh Muslim, the former leader of the Syrian Kurdish Democratic Union Party (PYD), while he awaits hearings over his possible extradition to Turkey. Muslim was detained in Prague on Saturday after Turkey, which considers him a terrorist, issued an Interpol arrest warrant.

Why it matters: Turkey’s relations with its NATO allies and the E.U. have deteriorated under the increasingly authoritarian Recep Tayyip Erdogan, and this case could exacerbate that tension.

The latest
  • Turkey has accused Muslim of aggravated murder and disrupting the state – charges which he denied on Tuesday.
  • Muslim pledged to the Czech court that he would remain in the EU pending further proceedings. He told reporters that he had not decided where he would go next, but added he had permission for residency in EU member Finland.
  • There is speculation in the Czech press that Muslim could be exchanged for two Czech citizens, Marketa Vselichova and Miroslav Farkas, who were detained in Turkey over alleged cooperation with another Kurdish group, the YPG.
  • Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday that Turkey would follow Muslim “wherever he goes” after his release.

Worth noting: One source of tensions between the U.S. and Turkey is the refusal of Washington to extradite Fethullah Gulen, a cleric living in Pennsylvania whom Erdogan has blamed for a 2016 coup attempt.

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Fed temporarily lifts Wells Fargo's growth restrictions

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The Federal Reserve said Wednesday it will temporarily lift Wells Fargo’s growth restriction put in place following the bank’s customer abuse scandals.

Why it matters: One of the nation's biggest lenders said the Fed's asset cap prevented it from lending more to struggling small businesses as part of the government's aid package. Now Wells Fargo says it will reopen its application process and lend to a broader set of business owners.

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Sen. Kelly Loeffler liquidates stocks after uproar over coronavirus sell-off

Sen. Kelly Loeffler. Photo: Madnel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband Jeffrey Sprecher are liquidating their stock portfolio and moving holdings into exchange traded funds (ETFs) after coming under fire for purchasing and selling roughly $1.4 million in stock just before the market crashed in response to the coronavirus pandemic.

Why it matters: Loeffler, who faces a competitive reelection fight in November, is one of several senators under fire for selling shares shortly after a private briefing on the coronavirus — sparking accusations of insider trading.