Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
Japanese Prime Minister Fumio Kishida is expected to seek India’s assistance to forge a stronger coalition to punish Russia for its invasion of Ukraine at his meeting with Narendra Modi on Monday, adding pressure on New Delhi to choose between major world democracies and a key supplier of energy and weapons.
European stocks fell and US equity futures retreated as the emergency weekend sale of Credit Suisse Group AG to UBS Group AG failed to soothe market jitters over the health of the banking system. Investors turned to the safest assets, spurring gains in Treasuries, while gold rose on haven demand.
President Recep Tayyip Erdogan used a display of new military jets to drum up support for his election campaign this weekend, a show of force ahead of elections in May that will test his two decades in power.
Russians established more than 1,300 firms in Turkey in 2022, a 670% increase from the previous year, according to a report by The Economic Policy Research Foundation of Turkey, a think tank.
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