Aug 15, 2018

Qatar announces $15 billion direct investment to support Turkey

Zachary Basu

Turkish President Recep Tayyip Erdogan (R) meets with Qatari Emir Sheikh Tamim bin Hamad al-Thani in Istanbul, Turkey on May 18, 2018. Photo: Cem Oksuz/Anadolu Agency via Getty Images

Qatar will invest $15 billion to help support Turkey's floundering economy, according to Turkey's state-run Anadolu Agency.

Why it matters: The lira shot up 5.5% against the dollar following the announcement, bolstering its gains from this morning, per Bloomberg. Turkey is hoping to escape its current currency crisis without raising interest rates or turning to the International Monetary Fund, though it's unclear whether that will be possible.

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Rebecca Falconer, Orion Rummler, Marisa Fernandez

U.S. coronavirus updates: Death toll passes 9,600

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,600 in the U.S. Sunday night, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday this upcoming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

Go deeperArrowUpdated 9 mins ago - Health
Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10:30 p.m. ET: 1,273,990 — Total deaths: 69,444 — Total recoveries: 260,247 — Map.
  2. U.S.: Total confirmed cases as of 10:30 p.m. ET: 337,310 — Total deaths: 9,634 — Total recoveries: 17,461 — Map.
  3. Federal government latest: Surgeon general says this week will be "our Pearl Harbor, our 9/11 moment." The USDA confirms that a Bronx zoo tiger tested positive for coronavirus.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. Biden says DNC may have to hold virtual convention.
  5. States updates: New York Gov. Andrew Cuomo said the state is "literally going day-to-day" with supplies.
  6. World update: Queen Elizabeth II urges the British people to confront pandemic with "self-discipline" and "resolve" in rare televised address.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Keep ReadingArrowUpdated 55 mins ago - Politics & Policy
Rebecca Falconer

Intelligence community watchdog suggests Trump fired him for doing his job

Michael Atkinson, Inspector General of the Intelligence Community,at the Capitol in October. Photo: Win McNamee/Getty Images

Intelligence Community Inspector General Michael Atkinson suggested in a statement Sunday President Trump fired him for acting impartially in carrying out his duties following a whistleblower complaint.

Why it matters: Atkinson alerted Congress last September to the complaint on Trump's correspondence with Ukraine's president, triggering an inquiry that resulted in the Trump's impeachment.

Go deeperArrowUpdated 1 hour ago - Politics & Policy