Halkbank hires EY to review sanctions and anti-money laundering compliance

Turkish state-owned lender Halkbank has appointed the global consulting firm Ernst & Young to conduct an independent review of its compliance with international sanctions and anti-money laundering regulations. The decision follows an agreement reached with the United States Department of Justice aimed at resolving a long-running legal......

South Korea’s prime minister meets Donald Trump in Washington

South Korean Prime Minister Kim Min-seok met with U.S. President Donald Trump in Washington, D.C. on Friday, according to officials from South Korea. The meeting took place during the prime minister’s visit to the United States, where he has been holding talks with American leaders about economic cooperation, investment plans, and bilateral......

Hyundai issues stop sale for some 2026 Palisade SUVs after safety incident

Automaker Hyundai Motor Company has temporarily halted sales of certain 2026 models of the Hyundai Palisade in United States and Canada following a safety concern involving the vehicle’s power seat system. The company announced that a stop-sale measure has been introduced for specific Palisade trims, including Limited and Calligraphy......

Stanford study finds aging occurs in bursts rather than gradual decline

Researchers at Stanford University have found that aging may unfold through sudden transitions rather than a steady, gradual decline. The findings come from an experiment that tracked nearly every movement of small fish throughout their lives and showed that early behavioral patterns can predict how long an individual will live. The study,......

CF Industries hits record high as Iran war disrupts global fertilizer supply

Shares of CF Industries Holdings surged more than 13 percent on Thursday, reaching a record high as the escalating conflict involving Iran disrupted global fertilizer supply chains. The nitrogen fertilizer producer closed at $136, up $15.87 for the session after touching an intraday peak of $137.44. Trading volume exceeded 14 million shares,......

Switzerland maintains mandate for US trade negotiations, says minister

Switzerland is reaffirming its commitment to ongoing trade negotiations with the United States, aiming to formalize a deal on tariffs initially agreed last year, Economy Minister Guy Parmelin said on Friday. Speaking from Zurich, Parmelin highlighted that Switzerland will continue discussions with the United States and consult with other......

Euro falls to 2026 low as Middle East oil crisis pressures Europe

The euro weakened for a fourth consecutive session on Thursday, sliding to its lowest level of 2026 as the U.S. and Israeli military campaign against Iran continued to disrupt global energy markets and weigh on Europe’s energy dependent economy. The European Central Bank’s reference rate for EUR/USD stood at 1.1547 on March 12,......

Traders anticipate possible Federal Reserve interest rate cut by September

Investors in global financial markets are increasingly betting that the Federal Reserve may begin lowering interest rates later in 2026, with many traders pointing to September as a possible timeframe for the first reduction. Market expectations shifted following the release of new inflation data in the United States, which showed that price......

Musk warns parents to keep ChatGPT away from children after Canada shooting lawsuit

Elon Musk has warned parents to keep ChatGPT away from children and individuals with mental health vulnerabilities following a lawsuit that links the chatbot to a deadly school shooting in Canada. Musk posted the warning on X on Wednesday while responding to a user discussing the February 10 attack at Tumbler Ridge Secondary School in British......

Aluminum hits four year high as Gulf war disrupts global supply

Aluminum prices climbed to their highest level in nearly four years as the war in the Middle East disrupted shipments from the Persian Gulf, one of the world’s most important production hubs for the lightweight metal. Three month aluminum futures on the London Metal Exchange settled at $3,516.50 per metric ton on Wednesday, the highest......

Silo AI founder launches QuTwo to link enterprise AI with quantum computing

Peter Sarlin, the Finnish entrepreneur who sold artificial intelligence startup Silo AI to AMD for $665 million in 2024, has unveiled a new venture called QuTwo. The company positions itself as what Sarlin describes as “an AI lab for the quantum era,” aiming to bridge enterprise artificial intelligence systems with emerging quantum......

Netherlands adopts cautious stance on US and Israeli strikes against Iran

The Netherlands has taken a cautious diplomatic position regarding recent military strikes carried out by the United States and Israel against Iran, saying it understands the motivations behind the attacks but does not formally support them. Dutch Prime Minister Rob Jetten explained that the government acknowledges the security concerns raised......

BofA strategist warns markets echo conditions before the 2008 financial crisis

Michael Hartnett, chief investment strategist at Bank of America, says current market conditions show striking similarities to the period preceding the 2008 global financial crisis, as surging oil prices and emerging stress in private credit markets raise concerns among investors. In the bank’s latest Flow Show report, Hartnett’s......

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