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By Ceyda Caglayan ISTANBUL (Reuters) - Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he canceled nine of them after sharp falls in the lira meant he would struggle to afford the rents. Turkey's currency has lost around a quarter of its value since the middle of last year, causing havoc for retailers selling imported goods or paying rent pegged to the U.S. dollar.
US President Donald Trump and Prime Minister Benjamin Netanyahu will speak Sunday for the first time since his inauguration, with Israel already taking advantage of his support by pushing through settlement plans. Netanyahu said he was to speak with the billionaire businessman turned president later in the day, while Israeli officials also approved hundreds of new settler homes that had been postponed until after Trump took office. Beyond that, hardline Israeli ministers were pushing a plan to unilaterally annex a large Jewish settlement near Jerusalem in the occupied West Bank, a move many say could badly damage prospects for a two-state solution.