Turkey

The lira’s spiral has been staggering — it plummeted from roughly 8.5 to the dollar in late August to more than 13 to the dollar within a mere three months.

They’re good for a few days if they’re stored safely.

Countries with debt in U.S. dollars will be hit by higher interest rates in the U.S., said Mobius, founding partner of investment firm Mobius Capital Partners.

If you want to fly home with your favorite Thanksgiving dish and don’t know if you should pack it or not, here are a few tips from the TSA on getting through security.

Inflation in Turkey is now near 20%, meaning basic goods for Turks have soared in price and their local currency salaries are severely devalued.

Turkish President Recep Tayyip Erdogan on Wednesday sent the lira spiraling when he said he will continue to fight to bring interest rates down.

“If Erdogan’s threat is carried out it would trigger the worst crisis between Turkey and the Western world since … 2002,” one analyst said.

Turkish President Recep Tayyip Erdogan has ordered 10 foreign ambassadors who called for the release of a jailed philanthropist to be declared persona non grata.

The EU will be wary of a repeat of the refugee crisis of 2015, when Syrian refugees and other migrants arrived at European borders.

Salt Bae, who runs the Nusr-Et steakhouse chain, settled a claim by waiters over tips filed by the same lawyer now suing him in an overtime lawsuit.

The death toll in Turkey’s severe floods this week has climbed to at least 62 people Sunday.

Panicked tourists in Turkey hurried to the seashore to wait for rescue boats after being told to evacuate some hotels in the Aegean resort town of Bodrum due to the dangers posed by nearby wildfires

The U.S. women’s volleyball team beat Turkey in a fifth-set tiebreaker on Thursday.

Team USA women’s volleyball defeated China 2-0 on Monday, and now looks to their match against Turkey on Thursday.

U.S. officials tell The Associated Press that about 650 U.S. troops are expected to be kept in Afghanistan to provide security for the American diplomatic presence after the Pentagon completes its military withdrawal, which is set to be largely done in the next two weeks

In December, the Trump administration slapped sanctions on Turkey for buying the S-400 missile system, a move typically not seen among NATO allies.

President Joe Biden and Turkish counterpart Recep Tayyip Erdogan have known each other for years, but their meeting Monday will be their first as heads of state

A squirrel rescued by a jeweler guards the cash register in his store in Diyarbakir, Turkey.

The battered currency fell as low as 8.88 to the dollar, a 4% drop, later recouping some losses to trade at around 8.59 as markets closed in Istanbul.  Investors have expressed concerned about what they see as the Turkish central bank’s lack of independence from Erdogan, who has said that interest rates are “the devil.” With inflation having been stuck…

“Investors have grown accustomed to headlines of central bank governors fired in the night,” one analyst told CNBC.