Mayor of Turkish opposition stronghold defects to Erdogan party
The mayor of Izmir, Turkey's third city and an opposition stronghold,defected to the ruling AKP Wednesday, in a huge symbolic victory for Turkish President Recep Tayyip Erdogan.
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IEA ready to release more oil reserves if necessary
The International Energy Agency's member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel due to tight supplies of the fuel, the head of the IEA said Wednesday.
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Children among heavy casualties in Ukraine after Russian strikes
At least 24 people were killed in Russian strikes across Ukraine on Wednesday, including four young children who died when a missile slammed into an apartment block in the north of the country as they slept.
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HSBC 'consults' over UK unit job cuts amid AI adoption
HSBC said Wednesday consultations were underway, after the Financial Times reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence.
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Court orders German ex-spy chief kept in jail after spying, treason arrest
A court Wednesday ordered ex-German spy chief August Hanning to remain in jail after his arrest on suspicion of espionage and treason, along with a former deputy who allegedly supplied him with secret files.
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UK court quashes five ex-traders' Libor rate rigging convictions
The Court of Appeal in London on Wednesday quashed the criminal convictions of five former financial traders for manipulating the Libor and Euribor interest rate benchmarks, the latest twist in the long-running rigging scandal.
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Guinea caps bottled water prices after sachets banned
Guinea capped prices on bottled water on Wednesday amid a shortage after a plastic ban scuttled the selling of pocket-sized drinking water sachets used by a large part of the population.
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XM Receives “Global Customer Experience Leader Award 2026” at the TrustFinance Performance Awards
The recognition highlights XM’s established global customer experience infrastructure and its continued focus on supporting traders across international markets.
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Spared, married, hanged: the last weeks of Iranian protester Alireza Sepahi
Alireza Sepahi was arrested in the wake of Iran's January protests, was spared public execution in July after suffering a heart attack and married his fiancee on the eve of his death.
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Stocks slide as oil climbs on Mideast flareup
Oil prices rose Wednesday on fresh concerns about Middle East supplies following a warning that Iran appeared to be stepping up attacks in the Strait of Hormuz, weighing on stock markets.
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