Investors are sweating in this Turkish bath...

sweating about the possibility of contagion into shares more widely. The contagion is feared to come through two routes.

Firstly through emerging markets, where share prices measured in dollars have fallen by 6% over the month.

The second source of contagion is feared to be through cross border linkages into developed markets.

Some demand softening for foreign goods is inevitable, but the real fear is that banks outside Turkey could lose money on any loans they have made to Turkish borrowers.

The press has highlighted some BATHROOM retailer has established an ongoing partnership with Huddersfield Giants Community Trust.

Already a sponsor of the Huddersfield Giants, and with a showroom based on St John’s Road in Huddersfield, Easy Bathrooms has chosen the not-for-profit organisation as its charity partner.

The partnership is announced ahead of the re-brand of what is currently Huddersfield Community Trust, to Huddersfield Giants Community Trust (HGCT) – which will see the organisation become the official charity of the Huddersfield Giants.

The Trust is based at indoor facility and play gym, The Zone – which was established by Giants’ owner and businessman Ken Davy in 2006. Alongside the re-branding of HGCT, The Zone is also in the process of getting a fresh new look.

Through a combination of fundraising efforts and donations – in the form of bathroom voucher giveaways – Easy Bathrooms is set to help boost awareness of the newly-branded organisation within the community, while also raising money for its day-to-day operations.

With an aim of improving community cohesion, fitness and wellbeing of the people of $140Bn in loans that European banks in Spain, France and Italy have to Turkey. However, the fact is that because such problems were always a possibility, the risks have been mitigated.

The vast bulk of the loans are done through Turkish subsidiaries who have funded them with local deposits.

The banks concerned may see the profits and lending capacities of their Turkish subsidiaries decimated, but there should be little impact across borders.

However, these are not normal circumstances. The dollar has hitherto only been “weaponised” against the most serious of enemies Kirklees, Huddersfield Giants Community Trust has a particular focus on sport and educational activities.

Earlier this summer, Easy Bathrooms donated a series of bathroom vouchers for the organisation to give away on social media – helping to increase awareness and engagement with the charity, within the local area.

A second fundraiser guessing the number of rugby balls in a bath – was also launched.

Commenting on the partnership, Easy Bathrooms’ operations manager Lauren Fealy said: “Huddersfield Giants Community Trust was first brought to our attention when we became Giants’ sponsors last year. We visited the charity and learned about what they do within the community – and we knew straight away that we wanted to partner with them.

“But rather than simply providing donations, we realised that we could do much more by supporting the trust in other ways too, such as joint awareness campaigns, which help to educate people about how they can get involved with the charity. We’re excited to strengthen our partnership well into the future, and we’re looking forward to seeing the re-brand come to life very soon.” to both America and the Western alliance.

By using Trade sanctions against Turkey in a relatively low-level diplomatic confrontation, the Trump administration heightens concerns about the deterioration of relationships with China and other trading partners.

For now, global corporations appear to be more relaxed than investors. The consensus expects that Donald Trump will declare victory against China shortly before the mid-term elections, before materially damaging global growth prospects. For now the verdict appears to be that “this too will pass”.