Turkish crisis: president Erdogan threatens boycott of US electrical goods - live updates
(The Guardian Business News)

All the day´s economic and financial news, including new German growth figures and UK unemployment data, plus the latest on Turkey´s currency crisisLatest: Turkish president threatens to boycott US goodsErdogan: We don´t need to buy iPhonesEarlier:Indian rupee hits record lowUS demands pastor´s release from Turkish house arrestIntroduction: Lira crisis weighs on the markets 10.15am BST NEWSFLASH: Turkey´s president is giving another defiant speech, threatening to boycott American electrical goods in response to US sanctions.We will boycott US electronic products. If they have iPhone, the other side has Samsung. In our country there is Venus, Vestel [the Turkish smartphone brands].There is a price we´re paying for the period we´re in.But there will be a price [which] those who´re waging an economic warfare against Turkey will also pay. 9.56am BST These charts show the divide in Britain´s labour market, with unemployment at a 43-year low, but wage growth decidedly underwhelming: Continue reading...