The death toll from a powerful 7.8 magnitude earthquake that hit Turkey and Syria on Friday has risen to over 1,900 people, according to Turkish President Recep Tayyip Erdogan.
The earthquake, which struck at 8:55 pm local time, is the worst disaster to hit Turkey in 84 years, according to Erdogan. The quake caused buildings to collapse in both countries, with more than 1,500 people reported dead in Turkey alone.
Rescue efforts have been underway since the quake struck, but many people remain trapped in the rubble. In Turkey, the government has declared a three-day period of mourning.
Turkey’s oil pipelines have been undamaged by the quake, according to an official, and flows are continuing.
The quake was felt as far away as Greece, Israel and the United Arab Emirates, and aftershocks are still occurring.
The full extent of the damage caused by the quake is still being assessed, and the death toll is expected to rise.
Lord Abbett High Yield Fund Q4 2025 Commentary: What Investors Need to Know for a Profitable Future!
Jersey City, New Jersey—In the closing quarters of 2025, Lord Abbett High Yield Fund navigated a challenging investment landscape, marked by evolving interest rates and shifting economic indicators. Analysts noted that despite initial obstacles, investors were encouraged by the fund’s strategic allocation and management decisions, which positioned it favorably amidst market uncertainty. The fund’s performance during the fourth quarter reflected a cautious but calculated approach to high-yield debt. With inflationary pressures beginning to stabilize, the fund’s managers focused on identifying opportunities in sectors that showed ... Read more