Topic: Turkey

Turkey and Indonesia could be the next economies to reach $1 trillion-status, Ruchir Sharma, author of "Breakout Nations: In Pursuit of the Next Economic Miracles", told CNBC.

Turkey’s carefully-watched current account deficit narrowed more than analysts expected in February, official data released on Wednesday showed. The Turkish lira strengthened following the announcement.

The surprise departure of Rome from the race to host the 2020 Olympics has put the spotlight on the finances of the five remaining candidates, with Azerbaijan's Baku and Qatar's Doha, initially seen as outsiders but flush with cash, set to gain in status.

Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.

President Nicolas Sarkozy risks not making it to the second round run-off of the presidential election on May 6, which would be an unprecedented event in the history of the 50-plus years of the Fifth Republic.

Ratings agency Standard & Poor's warned it may downgrade "a number of highly rated" Group of 20 countries from 2015 if their governments fail to enact reforms to curb rising healthcare spending and other costs related to aging populations.

It's a vast, valuable and diverse category of art , and taking a narrow religious view could hurt you as an investor.

Should Iran's leaders decide to block the Strait of Hormuz, they could find themselves sparking a punishing — if perhaps short-lived — regional conflict from which they could emerge the primary losers.

The storming of the British Embassy in Tehran has bared a rift in Iran's ruling elite with conservative hardliners pushing Iran towards global isolation as they maneuver for the upper hand over President Mahmoud Ahmadinejad ahead of elections in 2012.

Weakness in the Japanese yen is ahead for the long-term, as a 40-year long-term cycle which has seen the yen's exchange rate appreciating against the dollar is about to see a major reversal, Ron William, a technical strategist at MIG Bank, told CNBC.com.