U.S. sanctions Turkish bank accused of enabling Iran

U.S. Treasury Secretary Scott Bessent speaks during a press conference at the Cash Room of the Treasury Department in Washington, as he announces a new set of sanctions against Iran, Aug. 24, 2026. Mehmet Eser | Anadolu | Getty Images The Treasury Department on Friday announced sanctions against a small Turkish investment bank and two…

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New AI models threaten global financial stability

Andrew Bailey, governor of the Bank of England (BOE), during a Bloomberg Television interview at the Reykjavik Economic Conference in Reykjavik, Iceland, on Friday, May 29, 2026. Betty Laura Zapata | Bloomberg | Getty Images The growing threat posed by advanced artificial intelligence models could trigger a disorderly correction in global financial markets, according to…

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Bill Gates warns of economic upheaval from AI

Bill Gates speaks with Reuters during an interview in New York City, U.S., May 8, 2025. Mike Segar | Reuters There is “no plan” for the “social, political, and economic upheaval” AI is about to cause, Bill Gates has warned. The Microsoft co-founder said that AI could become either the “greatest equalizer ever invented, or…

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