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Four killed in small plane crash at London Southend Airport

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Four overseas nationals had been killed when a small aircraft crashed at London Southend Airport on Sunday shortly after takeoff, British police stated on Monday.

The U.S.-built Beechcraft B200 Super King Air aircraft had been certain for the Netherlands, when it “got into difficulty and crashed within the airport boundary,” Essex Police Detective Chief Superintendent Morgan Cronin informed reporters.

Southend Airport, which is positioned about 35 miles east of the capital and utilized by easyJet to fly to European vacation locations, will stay closed till additional discover, the airport’s CEO Jude Winstanley stated.

Britain‘s Air Accidents Investigation Branch, which investigates civil plane accidents, stated it was “too early” to find out what precipitated the crash. It has deployed eight inspectors to the location.

Source: www.anews.com.tr

White House exploring authority to fire Fed’s Powell: Official

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U.S. President Donald Trump may dismiss Federal Reserve (Fed) Chair Jerome Powell for trigger if supported by proof, White House financial adviser Kevin Hassett mentioned on Sunday, noting that the Fed “has a lot to answer for” concerning value overruns within the renovation of its Washington headquarters.

Any determination by Trump to attempt to hearth Powell over what the Trump administration calls a $700 million value overrun “is going to depend a lot on the answers that we get to the questions that Russ Vought sent to the Fed,” Hassett instructed ABC’s “This Week” program.

Vought, the White House price range director, final week slammed Powell over an “ostentatious overhaul” of the Fed’s buildings and solutions to a collection of questions in regards to the $2.5 billion mission. In a posting on social media platform X, he in contrast the mission to France’s Palace of Versailles, with rooftop gardens, water options and “premium marble.”

Hassett’s feedback verify that the Trump administration is actively exploring the renovation prices and Powell’s testimony in regards to the mission as a attainable avenue to attempt to hearth the Fed chief properly earlier than his time period as chair ends in May 2026.

Trump has repeatedly known as for Powell’s resignation for failing to decrease rates of interest since Trump returned to workplace in January.

Vice President JD Vance piled on extra criticism in a publish on X on Sunday: “Fed has been totally asleep at the wheel. As President Trump says, they’re TOO LATE–both in fighting inflation during Biden and in lower rates now.”

Roof terrace no, asbestos sure

The Fed on Friday appeared to rebut a few of Vought’s claims in a “Frequently Asked Questions” posting in regards to the mission, describing it as the primary full renovation of the buildings since their building within the Thirties, together with eradicating lead contamination and extra asbestos than initially anticipated.

It exhibits photos of leaky pipes and roofs and notes that prices have risen as a consequence of elevated materials, tools and labor prices. It denied assertions that there have been VIP eating rooms or elevators being put in.

The mission may have a “green roof” utilizing crops to assist handle water runoff and help with heating and cooling, as many different federal buildings have used for many years, however no terrace entry.

“There are no new water features, there’s no beehives, and there’s no roof terrace gardens,” Powell instructed U.S. senators in testimony in June, denying extreme spending on the mission.

Powell mentioned the just about 90-year-old headquarters “was not really safe, and it was not waterproof,” whereas acknowledging value overruns.

The Fed has mentioned that the mission, which incorporates upgrades to an adjoining constructing, will consolidate workers right into a single campus and scale back off-site lease prices. As of February, a Fed Inspector General report estimated that prices had risen to $2.4 billion from an estimate of $1.9 billion two years earlier, a $500 million enhance.

Authority debated

Asked if Trump had the authority to fireside Powell, Hassett, whose identify has emerged as a possible candidate to take over the Fed chair job, mentioned: “That’s a thing that’s being looked into, but certainly if there’s cause, he does.”

Republican Representative French Hill, who chairs the highly effective House Financial Services Committee, mentioned Trump didn’t have the authority to fireside the Fed chair, however Congress would proceed to supply robust oversight of the central financial institution.

“Just because Congress created the Fed and that we believe that it should be independent in the setting of monetary policy, it doesn’t mean that it’s immune from criticism,” Hill instructed CBS’ Face the Nation.

“Every president since World War II has had choice words for the Fed chair when they’ve not been in sync with the direction of the president.”

Regime change

Separately on Sunday, Kevin Warsh, a former Fed Board of Governors member who is taken into account a possible candidate to switch Powell, mentioned the U.S. central financial institution wants a “regime change” that goes past the chair place.

“The Fed has lost its way. It’s lost its way in supervision, it’s lost its way in monetary policy,” Warsh mentioned in a Sunday interview on Fox’s Sunday Morning Futures program.

“We need regime change at the Fed, and that’s not just about the chairman. It’s about a whole range of people, it’s about changing their mindset and their models, and frankly, it’s about breaking some heads, because the way they’ve been doing business is not working.”

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Nicotine pouches, vapes cause surge in poisonings among children in US: Study

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The rising use of nicotine pouches and vaping merchandise within the US has led to a major rise in unintentional poisonings amongst kids beneath six, a research printed Monday within the journal Pediatrics revealed.

Between 2010 and 2023, US poison facilities obtained 134,663 reviews of nicotine ingestion in toddlers and infants, involving merchandise resembling nicotine pouches, chewing tobacco, cigarettes, vapes, and e-cigarette liquids.

Although most nicotine-related poisonings declined after 2016, the research confirmed that instances linked to nicotine pouches surged by over 760% between 2020 and 2023, posing a larger danger than different nicotine-containing merchandise, as their nicotine content material is excessive and quickly launched.

Most kids recovered with delicate signs resembling nausea or vomiting, however the research warned that 1.2% suffered critical problems like seizures or respiratory failure, and two kids beneath age two died after ingesting liquid nicotine.

Nicotine pouches, small tobacco-free packets containing nicotine, sweeteners and flavorings, have raised concern amongst public well being specialists as a result of their discreet use and rising recognition amongst youngsters, and aren’t accepted by the US Food and Drug Administration as instruments to assist give up smoking.

Researchers known as for stronger federal laws to limit the advertising and marketing and flavors of nicotine pouches, constructing on legal guidelines just like the 2015 Child Nicotine Poisoning Prevention Act, whereas urging clinicians to remain vigilant and advocate for the safety of youngsters.

Source: www.anews.com.tr

Turkish bank staff among detained in major money laundering probe

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Turkish authorities have issued arrest warrants for 85 people, together with workers of two non-public banks and a fintech firm, as a part of an investigation into an alleged cash laundering community, in keeping with media stories.

The probe, led by the Istanbul Chief Public Prosecutor’s Office, facilities round allegations of organized legal exercise, usury, violations of banking and digital funds laws, and the laundering of property derived from legal exercise.

The investigation focused people and authorized entities suspected of violating the Law No. 5464 on Bank and Credit Cards and Law No. 6493 on Payment and Electronic Money Institutions, Anadolu Agency (AA) reported.

The coordinated operation came about on July 8 throughout six provinces, the report mentioned.

Among the suspects are 16 workers from Denizbank, Şekerbank and Ozan Elektronik Para.

The probe gained momentum following a July 8, 2024 report from the Financial Crimes Investigation Board (MASAK), which uncovered suspicious transaction patterns involving a complete quantity exceeding TL 47.5 billion ($1.18 billion) between 2022 and 2024.

According to the MASAK report, the transactions had been processed by way of 312 POS terminals registered to 21 completely different firms. Nearly all the transactions had been performed utilizing international bank cards, with the bulk consisting of same-day, same-amount costs throughout a number of playing cards.

A big proportion of those actions reportedly occurred at evening, and investigators discovered a transparent mismatch between the transaction instances and the corporations’ said business operations.

Moreover, the POS units had been predominantly supplied by Denizbank, Şekerbank and Ozan Elektronik Para. Authorities allege the POS infrastructure was utilized in a intentionally structured method to present the impression of reliable business exercise.

Denizbank continues to be reeling from an alleged Ponzi scheme concentrating on high-profile soccer gamers. A former department supervisor is accused of defrauding gamers, together with Arda Turan, a former Barcelona midfielder, and Uruguayan Galatasaray goalkeeper Fernando Muslera.

Denizbank has denied any function in wrongdoing.

The lender bought a brand new CEO this January after Hakan Ateş stepped down after 27 years on the helm. He was succeeded by Recep Baştuğ, a former BBVA government.

Ateş was additionally indicted for his alleged function within the alleged Ponzi scheme. The court docket later returned the indictment to prosecutors, citing inadequate proof. Ateş has repeatedly denied the allegation.

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Scientists detect record-breaking black hole merger 10B light years away

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Scientists have detected essentially the most huge black gap merger ever noticed, following a collision between two large black holes over 10 billion light-years from Earth, researchers introduced Monday.

Each black gap was greater than 100 occasions the mass of the solar and spiraled into each other earlier than merging into a brand new black gap estimated to be round 265 occasions the mass of our solar, based on knowledge from the US-based Laser Interferometer Gravitational-wave Observatory (LIGO).

“These are the most violent events we can observe in the universe, but when the signals reach Earth, they are the weakest phenomena we can measure,” Professor Mark Hannam instructed The Guardian, including: “By the time these ripples wash up on Earth they are tiny,” referring to theories that the 2 black holes could have fashioned from earlier mergers.

Black holes usually kind when huge stars exhaust their nuclear gasoline and collapse on the finish of their lifespans, forming an enormous gravity properly that captures something that will get close to sufficient to it.

In this case, the record-breaking black gap merger has challenged present theories on how such huge objects kind, with Earth-based detectors capturing faint space-time ripples smaller than a proton. The new black gap can be spinning at almost the theoretical limit-around 400,000 occasions quicker than Earth.

The space-time ripples, or gravitational waves, reached Earth on Nov. 23, 2023, when LIGO detectors within the US states of Washington and Louisiana recorded simultaneous indicators. The detectors captured a short distortion lasting one-tenth of a second-known because the ringdown phase-when the newly fashioned black gap settled.

“These are the highest masses of black holes we’ve confidently measured with gravitational waves,” stated Hannam, a LIGO collaboration member.

“And they’re strange, because they are slap bang in the range of masses where, because of all kinds of weird things that happen, we don’t expect black holes to form.”

LIGO physicists imagine the black holes have been possible fashioned from earlier mergers, explaining their huge measurement and speedy spin. “This is the most extreme example where that’s probably what’s happening,” stated Hannam.

He added: “The detectors we have planned for the next 10 to 15 years will be able to see all the black hole mergers in the universe, and maybe some surprises we didn’t expect.”

Source: www.anews.com.tr

‘No specific date’ for US nuclear talks after Israel’s war: Iran

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There is “no specific date” set for U.S.-Iran nuclear talks as negotiations stay stalled following the current battle with Israel, Tehran confirmed Monday.

“For now, no specific date, time or location has been determined regarding this matter,” mentioned Foreign Ministry Spokesperson Esmaeil Baqaei of plans for a gathering between Iran’s prime diplomat Abbas Araghchi and U.S. envoy Steve Witkoff.

Araghchi and Witkoff met beginning in April, with out concluding a deal after 5 rounds of talks that had been the highest-level contact between their two nations since Washington in 2018 deserted a landmark nuclear settlement.

The Omani-mediated negotiations had been halted as Israel launched shock strikes on Iran’s nuclear services on June 13, beginning a 12-day battle which the United States later joined.

“We have been serious in diplomacy and the negotiation process, we entered with good faith, but as everyone witnessed, before the sixth round, the Zionist regime, in coordination with the United States, committed military aggression against Iran,” mentioned Baqaei.

Israel and Western nations accuse Iran of pursuing nuclear weapons, a cost Tehran has persistently denied.

While it’s the solely non-nuclear energy to counterpoint uranium to 60% purity, near the extent wanted for a warhead, the U.N.’s atomic vitality watchdog has mentioned it had no indication that Iran was working to weaponize its stockpiles.

Israel’s offensive final month, which it mentioned was geared toward thwarting a nuclear menace from the Islamic Republic, killed nuclear scientists and top-ranking navy officers, in addition to hitting navy, nuclear and different websites and residential areas.

The United States launched its personal set of strikes towards Iran’s nuclear program on June 22, hitting the uranium enrichment facility at Fordo, in Qom province south of Tehran, in addition to nuclear websites in Isfahan and Natanz.

The extent of the harm from the strikes stays unknown and Baqaei mentioned it was “still under investigation.”

Iran responded with missile and drone assaults on Israel, and attacked a U.S. base in Qatar in retaliation for Washington’s strikes.

Sanctions

Baqaei mentioned Monday that Iran stays in touch with Britain, France, and Germany, the three European events to the 2015 nuclear deal that the United States later withdrew from.

The Europeans have threatened to set off the “snapback” mechanism underneath the 2015 settlement, which permits the reimposition of U.N. sanctions within the occasion of non-compliance.

Baqaei mentioned Tehran was “in continuous contact with these three countries” however added that he “cannot provide an exact date” for the subsequent assembly with them.

There was “no legal, moral or political basis” for reimposing sanctions, in line with Baqaei, as Iran was nonetheless dedicated to the 2015 settlement.

The ministry spokesman added that such a transfer could be met with an “appropriate and proportionate” response, following Iranian threats to stop the nuclear non-proliferation treaty.

After the United States pulled out of the nuclear accord throughout Donald Trump’s first time period as president, Iran started rolling again its commitments to the settlement that restricts its atomic actions in return for sanctions aid.

“The Islamic Republic of Iran still considers itself a member of the JCPOA,” Baqaei mentioned of the 2015 deal.

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Türkiye, Oman sign deal for oil, gas search, renewable energy co-op

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Türkiye and Oman on Monday signed a memorandum of understanding (MoU) aimed toward increasing bilateral cooperation within the power sector, overlaying areas from hydrocarbon exploration to renewable power.

The settlement was formalized throughout Energy and Natural Resources Minister Alparslan Bayraktar’s go to to Oman, in accordance with a press release by the ministry.

The deal was signed by Bayraktar and Omani Energy and Minerals Minister Salim bin Nasser bin Said Al Aufi.

Under the MoU, the 2 nations will work collectively throughout all the oil and pure fuel worth chain, together with exploration, transportation and refining.

Bayraktar emphasised that the scope of the settlement additionally extends to the alternate of technical information and joint tasks in fields reminiscent of electrical energy, renewable power, power effectivity and hydrogen applied sciences.

On the sidelines of the go to, a tripartite settlement was additionally reached between Türkiye’s state power firm, Turkish Petroleum Corporation (TPAO), Oman’s Ministry of Energy and OQ Exploration and Production (OQEP).

Under the deal, the three events will collectively consider sure oil and fuel fields in Oman over a three-month interval.

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Bitcoin tops $123,000 for 1st time as US heads into ‘Crypto Week’

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Bitcoin crossed the $120,000 for the primary time on Monday, marking a brand new milestone for the world’s largest cryptocurrency as buyers guess on long-sought coverage wins for the trade this week.

Bitcoin scaled a file excessive of $123,153.22 earlier than pulling again barely to commerce 2.4% greater round $122,000.

Later within the day, the U.S. House of Representatives will debate a collection of payments to supply the digital asset trade with the nation’s regulatory framework it has lengthy demanded.

Those calls for have resonated with U.S. President Donald Trump, who has known as himself the “crypto president” and urged policymakers to revamp guidelines in favor of the trade.

“It’s riding a number of tailwinds at the moment,” mentioned IG market analyst Tony Sycamore, citing robust institutional demand, expectations of additional beneficial properties and assist from Trump as causes for the bullishness.

“It’s been a very, very, strong move over the past six or seven days and it’s hard to see where it stops now. It looks like it can easily have a look at the $125,000 level,” he mentioned.

The surge in bitcoin, which is up 30% for the 12 months to date, has sparked a broader rally throughout different cryptocurrencies over the previous few classes, even within the face of Trump’s chaotic tariffs.

Ether, the second-largest token, scaled a greater than five-month excessive of $3,059.60, whereas XRP and Solana gained about 3% every.

The sector’s complete market worth has swelled to about $3.81 trillion, in accordance with knowledge from CoinMarketCap.

“What we find interesting and are watching closely are the signs that bitcoin is now being seen as a long-term reserve asset, not just by retail investors and institutions but even some central banks,” mentioned Gracie Lin, OKX’s Singapore CEO.

“We’re also seeing increasing participation from Asia-based investors, including family offices and wealth managers. These are strong signs of bitcoin’s role in the global financial system and the structural shift in how it is perceived, suggesting that this isn’t just another hype-driven rally.”

Earlier this month, Washington declared the week of July 14 as “Crypto Week,” throughout which members of Congress are set to vote on the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.

The most vital invoice is the “Genius Act,” which might create federal guidelines for stablecoins.

Elsewhere, costs of crypto shares and exchange-traded funds (ETFs) superior.

In U.S. premarket buying and selling, shares of crypto change Coinbase surged 1.7%, whereas bitcoin holder Strategy climbed 3.3%. Crypto miner Mara Holdings jumped 4.6%.

Hong Kong-listed spot bitcoin ETFs launched by China AMC, Harvest and Bosera all hit file highs.

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Over 700 Palestinians killed by Israeli fire while collecting water in Gaza, authorities say

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More than 700 Palestinians, principally kids, have been killed by Israeli military hearth whereas amassing water since October 2023, native authorities stated on Monday.

“The Israeli occupation continues to wage a systematic and deliberate war of thirst against the Palestinian people in Gaza, in a flagrant violation of all international and humanitarian conventions,” Gaza’s authorities media workplace stated in an announcement.

The workplace accused Israeli forces of utilizing water as a weapon of conflict “to deprive the Palestinians of their most basic rights.”

It famous that Israeli military forces had dedicated 112 massacres towards Gazans amassing water, killing greater than 700 folks, principally kids, since October 2023.

On Sunday, a minimum of 12 folks have been killed, together with eight kids, by Israeli hearth whereas ready to gather water within the Nuseirat refugee camp in central Gaza.

The media workplace stated that over 720 water wells have been intentionally destroyed by the Israeli military in Gaza.

“Attacks on water wells have deprived more than 1.25 million Palestinians of access to clean water,” it added.

According to the assertion, the Israeli military has obstructed the entry of 12 million liters of gasoline month-to-month, the required quantity to function the minimal variety of water wells, sewage stations, waste assortment mechanisms, and different very important sectors in Gaza.

“This has caused a complete paralysis in water and sewage networks and the spread of epidemics, mainly among the children,” it added.

The media workplace referred to as on the worldwide group and human rights organizations to take speedy motion to cease Israel’s systematic and deliberate use of water as a conflict weapon and permit the required quantity of gasoline and heavy tools to reoperate water wells and drainage stations.

Israel has stored Gaza crossings closed to meals, medical, and humanitarian help since March 2, deepening an already extreme humanitarian disaster within the enclave, affecting Gaza’s 2.4 million residents. The blockade has pushed the area into famine situations, with many reported deaths because of starvation.

Rejecting worldwide requires a ceasefire, the Israeli military has pursued a brutal offensive on the Gaza Strip since Oct. 7, 2023, killing over 58,000 Palestinians to this point, most of them ladies and youngsters. The relentless bombardment has destroyed the enclave and led to meals shortages and a variety of illness.

Last November, the International Criminal Court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former Defense Minister Yoav Gallant for conflict crimes and crimes towards humanity in Gaza.

Israel additionally faces a genocide case on the International Court of Justice for its conflict on the enclave.

Source: www.anews.com.tr

Silver prices hit highest level since 2011 amid trade tensions

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The worth of silver hit the best degree since 2011, reaching $39 per ounce on Monday at 10:20 a.m. GMT, amid rising commerce tensions, notably between the European Union and the U.S., as markets await how Brussels would reply to a contemporary 30% tariff menace.

The worth of silver gained 1.73% day-over-day on Monday, nevertheless it additionally gained greater than 8% weekly.

At the start of the yr, its worth was round $29.

Meanwhile, the value of gold additionally rose by 0.5% each day on Monday to achieve $3,372.90 – additionally a three-week peak.

On Saturday, U.S. President Donald Trump introduced that Washington will impose 30% tariffs on the EU and Mexico beginning Aug. 1.

The EU commerce chief warned on Monday that “uncertainty” attributable to U.S. tariffs can’t persist, signaling “proportioned countermeasures” towards Washington.

“The current uncertainty caused by unjustified tariffs cannot persist indefinitely, and therefore we must prepare for all outcomes, including, if necessary, well-considered proportioned countermeasures to restore the balance in our transatlantic relationship,” Maros Sefcovic informed reporters throughout a doorstep assertion forward of the Foreign Affairs Council on commerce.

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