President Donald Trump said the U.S. is “ready to go” with more sanctions on Turkey in response to its incursion into Syria, after his defense secretary said the president ordered a deliberate withdrawal of troops from northern Syria to keep them out of harm’s way. Ros Krasny reports on "Bloomberg Daybreak: Australia"

Turkey is under growing criticism for its military incursion into Syria with Senators in Washington demanding immediate sanctions. President Erdogan says ground troops are now inside Syria after a wave of airstrikes on Kurdish forces. Bloomberg’s Joe Sobczyk reports on “Bloomberg Daybreak: Asia.”

Kurdish forces responded to the Turkish offensive in Syria, shelling a Turkish border town. Earlier Turkey launched airstrikes and unleashed artillery shelling on Syrian towns, according to Turkey's defense ministry.

Turkey says the Russian-backed Syrian offensive violates a truce deal between Moscow and Ankara. The advance has exacerbated Syria's humanitarian disaster and threatened Turkey with mass refugee flows.

Germany has also called on Turkey to accept the repatriations as part of a 2016 agreement between Ankara and the EU. A recent upswell in illegal crossings has led to rapidly deteriorating conditions in Greek camps.

Turkey and the United States have agreed on the creation of a buffer zone in northern Syria. Details of the agreement remain sketchy, however, and Syrian Kurds fear Ankara will try to expel them from the region.

Mark Kimmitt, Retired Brigadier General and the United States Department of State Former Assistant Secretary explains the latest news coming out of Turkey and Syria. He speaks with David Westin on "Bloomberg: Balance of Power."

The White House has reportedly settled on a sanctions package to punish Turkey for receiving parts of a Russian missile defense system. We learned that the U.S. is preparing to announce them later this week. But the expectation among lira traders is that the economic impact will be minimum.

No reason was given for Murat Cetinkaya's sacking, but the governor had been loath to cut the interest rate from 24%. Over the past year, Turkey has faced skyrocketing inflation as a result of a debt and currency crisis.

Erdogan takes a blow while democracy wins in Turkey.

Turkey has until July 31 to "unwind" a deal to buy an S-400 missile defense system from Russia, the US has warned. The ongoing dispute between the two NATO allies could reach breaking point.

Turkey's ruling party has been accused of using Istanbul city funds to benefit business contacts and the president's family. Now an opposition candidate for mayor is vowing to put an end to the nepotism ― if he can win.