Türkiye plans $300 billion energy transition investment by 2040, minister says
Türkiye plans to invest approximately $300 billion in its energy transition by 2040, Energy and Natural Resources Minister Alparslan Bayraktar said Tuesday at COP31 in Antalya. He gave the figure during a panel titled "Architecting Energy Transitions in a Shifting Global Landscape" at the climate conference. Bayraktar said electrification and energy efficiency are expected to produce $240 billion in cumulative savings by 2040. He said Türkiye needs substantial investment, strong partnerships, innovative technologies and a predictable investment environment to mobilize the required capital. He added that "implementation is the key to success" and said the country has set targets and... [Continue Reading]
Breaking-360LiveNews | 11 Nov 2026 01:01 LONDON
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Macquarie faces $14 million penalty over savings rate promotion failures
Macquarie Bank has admitted failures in the way it promoted a welcome interest rate for new savings account customers, in a case brought by the Australian Securities and Investments Commission. The bank has acknowledged breaching the Corporations Act and could face a $14 million penalty if the proposed settlement is approved by the New South Wales Supreme Court. The case centres on how the promotional rate was described to customers and whether that wording was misleading.According to the regulator, Macquarie referred to the offer as a "welcome variable rate" and a "bonus", language that could have suggested the rate was... [Continue Reading]
360LiveNews | 10 Nov 2026 22:34 LONDON
White House recaps Trump 60 Minutes interview after midterm elections
The White House on 60 Minutes published a recap of President Donald J. Trump's interview following the midterm elections, presenting his remarks as a defense of his America First record. The post says Trump highlighted the economy, border security, Iran, private investment, artificial intelligence, and the Russia-Ukraine war. In the interview, Trump said he thought the midterm outcome would have been different if he had been on the ballot. He said voters did not like the war, did not like gasoline prices going up, and expressed concern about what he called a "great dislike" for Israel. The White House excerpt... [Continue Reading]
Breaking-360LiveNews | 09 Nov 2026 19:30 LONDON
Paraguay raids ex-president's home as Ueno Bank collapse deepens political crisis
Police in Paraguay have raided the home of ousted former president Santiago Pena as investigators widen their probe into the collapse of Ueno Bank. The search took place on Sunday at Pena's mansion outside the capital, Asuncion, according to prosecutors. It comes two days after he was removed from office and as the banking scandal continues to shake the country's political and financial system.The case centres on allegations that Pena used his political influence to channel public money into Ueno Bank despite financial ties to its parent company. Prosecutors have charged him with breach of trust and administration for personal... [Continue Reading]
360LiveNews | 09 Nov 2026 14:02 LONDON
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Paraguay crisis deepens as Santiago Pena is impeached, arrested and Pedro Alliana takes over
Paraguay's political and financial crisis deepened on Friday after Congress impeached President Santiago Pena and authorities placed him under house arrest. Senators then appointed Pedro Alliana, the former vice president, as president shortly after the vote, marking a rapid transfer of power in the capital. The move followed the collapse of Uneo Bank, which left almost half the country unable to access their accounts and triggered public anger across the country.Senate President Basilio Nunez said Mr Pena was found guilty of poor performance in his duties after 44 of 45 senators voted for impeachment, with one absent. Prosecutor Silvia Margarita... [Continue Reading]
360LiveNews | 07 Nov 2026 04:31 LONDON
Bank of England expected to raise rates for first time in more than three years
The Bank of England is expected to raise interest rates on Thursday, in what would be the first increase in the benchmark rate for more than three years. Most analysts are forecasting a rise from 3.75% to 4%, a move that would increase borrowing costs for households and businesses while improving returns for savers. The announcement is due at 12:00 GMT, with markets also watching closely for any guidance on the future path of policy.The expected decision comes after the Monetary Policy Committee left rates unchanged at its last six meetings. The Bank rate has fallen from its 2023-24 peak... [Continue Reading]
360LiveNews | 05 Nov 2026 00:32 LONDON
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
360LiveNews-Opinion | 02 Apr 2026 09:44 LONDON
