Ukraine halts transit of Russian gas to Europe after a prewar deal expired

In August 2023, Mark Carney was appointed chairman of the board at Bloomberg LP, following his term as governor of the Bank of England and his work on climate finance initiatives with the UN. His tenure began amid ongoing controversies involving numerous lawsuits alleging discrimination and harassment at the company, some of which were reported to have occurred prior to his arrival, raising concerns about his awareness of these issues. Carney's leadership comes as he...

A CNN Türk anchor, Meltem Bozbeyoglu, experienced a live earthquake during an interview when three consecutive tremors, reaching magnitudes of 6.2, struck Turkey, with the epicenter located 40km south of Istanbul. As the studio shook, she requested a producer to contact her mother, highlighting the panic caused by the event. Interior Minister Ali Yerlikaya and football team Fenerbahçe SK expressed concern for affected citizens, wishing for no loss of life or property, while the situation...

Ministerial-level Ukraine peace talks in London were postponed due to US Secretary of State Marco Rubio's absence and speculation about potential shifts in Russia's stance, despite ongoing violence in Ukraine. A senior Ukrainian delegation, led by Andriy Yermak, emphasized their commitment to peace, while discussions shifted to an official level, with reports suggesting Russia may be willing to trade limited territorial claims for US recognition of Crimea. The Kremlin's spokesperson reiterated opposition to NATO peacekeepers,...

According to a study by Allianz Life, 64% of Americans aged 25 and older are more fearful of running out of money in retirement than dying, driven by inflation, taxes, and concerns about Social Security benefits. The study highlights that Gen Xers, facing imminent retirement, are the most worried, with 70% expressing concern, while the average American believes they need $1.26 million for a comfortable retirement, significantly higher than the median retirement savings of $87,000....

On Wednesday, Gaza's civil defense agency reported 17 fatalities from Israeli airstrikes, including 11 at a school sheltering displaced individuals. Germany, France, and Britain called on Israel to lift its blockade on humanitarian aid, citing risks of starvation and disease, as the UN warned that community kitchens are closing due to dwindling supplies. Since the war's escalation on October 7, 2023, over 51,266 people have died in Gaza, while aid agencies report the majority of...

The EU's "Danish Compromise" on bancassurance groups is causing regulatory challenges due to the difficulty in accurately consolidating banking and insurance accounts without distorting capital ratios. While the Basel Standards suggest a strict approach by deducting insurance equity from bank capital, the Danish Compromise allows banks to treat insurance subsidiaries as risk-weighted assets, leading to potential capital efficiency in acquisitions. However, this leniency is under scrutiny, as recent interpretations by the ECB indicate restrictions on...