The coronavirus crisis pushed global debt levels to a new high in the third quarter, the Institute for International Finance said on Wednesday.
To help shoppers compare turkey prices without having to visit multiple stores, CNBC Make It compiled a list of prices from 17 grocery chains.
Naguib Sawiris leveled strong criticism at Turkey's President Recep Tayyip Erdogan, accusing the leader of making a "very big mess" in the Middle East.
Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree announced in the Official Gazette.
Officials said 20 buildings were destroyed in Izmir's Bayrakli district which was in the process of urban transformation due to lack of earthquake resistance.
Twenty-eight people were killed in Turkey and Greece after an earthquake struck the Aegean Sea on Friday, bringing buildings down and setting off tidal waves.
The growing spat has seen Erdogan accuse Macron of Islamophobia and encourage Turks to boycott French products. Macron has in turn recalled France's ambassador to Ankara.
Turkey's central bank "needs to wake up pretty quick and hike policy rates or else the lira will hit the floor," one emerging markets strategist said.
The U.S. Embassy in Turkey says it received credible reports of a possible attack on Americans and other foreigners.
The Pentagon and State Department issued strong rebukes Friday following reports that Turkey's military tested a Russia-made missile system.
Economic analysts have expressed exasperation at the policy decisions coming from Ankara, arguing that the currency's troubles are self-inflicted.
U.S. sanctions against Turkey "are becoming a distinct possibility," one analyst told CNBC.
Conflict is escalating in the war in the South Caucasus that began a week ago.
Dozens have been reported killed and hundreds wounded since fighting between the two former Soviet republics broke out on Sunday.
Armenian President Armen Sarkissian says negotiations, not the use of force, is the way to solve the Nagorno-Karabakh conflict.
Armenian President Armen Sarkissian issued a stern warning to the international community on Wednesday, as tensions flare between Armenia and Azerbaijan.
However, Turkey's government has a "strong preference" in keeping interest rates low and can tolerate slight depreciation in the Turkish lira for now, says Can Selcuki, managing director of Istanbul Economics Research.
Greek-Turkish talks to resolve disputes were last held in 2016.
Bahrain has "a little more to lose" compared to the United Arab Emirates in formalizing its ties with Israel, says Christopher Davidson, author of "From Sheikhs to Sultanism: Statecraft and Authority in Saudi Arabia and the UAE."
The European Union will avoid imposing sanctions on Turkey, despite rising tensions between Ankara and other Mediterranean nations.