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Chief Executive of Istanbul Exchange Steps Down

The CEO of Borsa Istanbul Stock Exchange (BIST) resigned on Monday, March 8, 2021 ahead of a US court appeal to a fraud case (Reuters)
The CEO of Borsa Istanbul Stock Exchange (BIST) resigned on Monday, March 8, 2021 ahead of a US court appeal to a fraud case (Reuters)
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Chief Executive of Istanbul Exchange Steps Down

The CEO of Borsa Istanbul Stock Exchange (BIST) resigned on Monday, March 8, 2021 ahead of a US court appeal to a fraud case (Reuters)
The CEO of Borsa Istanbul Stock Exchange (BIST) resigned on Monday, March 8, 2021 ahead of a US court appeal to a fraud case (Reuters)

A top Turkish banker convicted in the US of busting sanctions on Iran resigned on Monday as the chief executive of the Istanbul stock exchange, state media reported.

Mehmet Hakan Atilla, who served as deputy director general of Turkish lender Halkbank, was convicted in 2018 of plotting to help Iran evade US sanctions in a multi-billion dollar gold-for-oil scheme, AFP reported.

Atilla was released from jail in the US in 2019 after spending two years behind bars, and was named head of the stock exchange in October 2019.

Atilla resigned “of his own accord,” the Borsa Istanbul exchange said in a statement, quoted by state news agency Anadolu.

A US federal court is expected to put Halkbank on trial later this year after charging it with six counts of fraud, money laundering and sanctions offences in 2019.

Turkish President Recep Tayyip Erdogan has dismissed the claims, insisting the case against Atilla was “politically motivated.”

Atilla served as deputy CEO of Turkish lender Halkbank and was responsible for international banking between 2011 and 2018.

Observers have suggested that Atilla’s resignation would be a preemptive step for a potential ruling against Halkbank, one of the three state-owned banks. A large fine and other punitive actions against Halkbank could rock Turkey’s banking system.

US prosecutors allege Iran funneled some $20 billion in oil revenue through Halkbank to sidestep sanctions for its nuclear program in 2012 and 2013.

The case dates back to 2016, when Reza Zarrab, a businessperson with dual citizenship of Iran and Turkey, was taken into custody at Miami Airport in March.

He was charged with violating sanctions against Iran, money laundering, “conspiracy against the US,” and defrauding US banks.

During Zarrab’s trial, Turkey sent a diplomatic note to the US embassy, requesting information about the businessperson, as it was not able to hear from Zarrab and was concerned about his life safety.

The court combined the cases of Atilla and Zarrab in April 2017.

Zarrab became a confessor in October 2017 and admitted that he used Halkbank to trade gold for natural gas. Following his confession, Attila remained the sole defendant in the trial.

The CEO of Borsa Istanbul Stock Exchange (BIST) resigned on Monday, March 8, 2021 ahead of a US court appeal to a fraud case (Reuters)

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World

Iran Strikes Hard Line on US Talks, Saying Tehran's Power Comes From Saying 'No'

Traffic moves through a street in Tehran on February 7, 2026. (Photo by ATTA KENARE / AFP)
Traffic moves through a street in Tehran on February 7, 2026. (Photo by ATTA KENARE / AFP)
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Iran Strikes Hard Line on US Talks, Saying Tehran's Power Comes From Saying 'No'

Traffic moves through a street in Tehran on February 7, 2026. (Photo by ATTA KENARE / AFP)
Traffic moves through a street in Tehran on February 7, 2026. (Photo by ATTA KENARE / AFP)

Iran's top diplomat insisted Sunday that Tehran's strength came from its ability to “say no to the great powers," striking a maximalist position just after negotiations with the United States over its nuclear program and in the wake of nationwide protests.

Foreign Minister Abbas Araghchi, speaking to diplomats at a summit in Tehran, signaled that Iran would stick to its position that it must be able to enrich uranium — a major point of contention with President Donald Trump, who bombed Iranian atomic sites in June during the 12-day Iran-Israel war.

Iran will never surrender the right to enrich uranium, even if war "is imposed on us,” he noted.

"Iran has paid a very heavy price for its peaceful nuclear program and for uranium enrichment." 

Israeli Prime Minister Benjamin Netanyahu is expected to travel to Washington this week, with Iran expected to be the major subject of discussion, his office said.

While Iranian President Masoud Pezeshkian praised the talks Friday in Oman with the Americans as “a step forward,” Araghchi's remarks show the challenge ahead. Already, the US moved the aircraft carrier USS Abraham Lincoln, ships and warplanes to the Middle East to pressure Iran into an agreement and have the firepower necessary to strike the Islamic Republic should Trump choose to do so, according to The AP news.

“I believe the secret of the Islamic Republic of Iran’s power lies in its ability to stand against bullying, domination and pressures from others," Araghchi said.

"They fear our atomic bomb, while we are not pursuing an atomic bomb. Our atomic bomb is the power to say no to the great powers. The secret of the Islamic Republic’s power is in the power to say no to the powers.”

‘Atomic bomb’ as rhetorical device Araghchi's choice to explicitly use an “atomic bomb” as a rhetorical device likely wasn't accidental. While Iran has long maintained its nuclear program is peaceful, the West and the International Atomic Energy Agency say Tehran had an organized military program to seek the bomb up until 2003.

Iran had been enriching uranium up to 60% purity, a short, technical step to weapons-grade levels of 90%, the only non-weapons state to do so. Iranian officials in recent years had also been increasingly threatening that Tehran could seek the bomb, even while its diplomats have pointed to Iranian Supreme Leader Ali Khamenei’s preachings as a binding fatwa, or religious edict, that Iran wouldn’t build one.

Pezeshkian, who ordered Araghchi to pursue talks with the Americans after likely getting Khamenei's blessing, also wrote on X on Sunday about the talks.

“The Iran-US talks, held through the follow-up efforts of friendly governments in the region, were a step forward,” the president wrote. “Dialogue has always been our strategy for peaceful resolution. ... The Iranian nation has always responded to respect with respect, but it does not tolerate the language of force.”

It remains unclear when and where, or if, there will be a second round of talks. Trump, after the talks Friday, offered few details but said: “Iran looks like they want to make a deal very badly — as they should.”

Aircraft carrier in the Arabian Sea During Friday's talks, US Navy Adm. Brad Cooper, the head of the American military's Central Command, was in Oman. Cooper's presence was apparently an intentional reminder to Iran about US military power in the region. Cooper later accompanied US special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law, to the Lincoln out in the Arabian Sea after the indirect negotiations.

Araghchi appeared to be taking the threat of an American military strike seriously, as many worried Iranians have in recent weeks. He noted that after multiple rounds of talks last year, the US “attacked us in the midst of negotiations."

“If you take a step back (in negotiations), it is not clear up to where it will go,” Araghchi said.

 

 

World

Russia: Man Suspected of Shooting Top General Detained in Dubai

An investigator works outside a residential building where the assassination attempt on Russian Lieutenant General Vladimir Alexeyev took place in Moscow, Russia February 6, 2026. REUTERS/Anastasia Barashkova
An investigator works outside a residential building where the assassination attempt on Russian Lieutenant General Vladimir Alexeyev took place in Moscow, Russia February 6, 2026. REUTERS/Anastasia Barashkova
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Russia: Man Suspected of Shooting Top General Detained in Dubai

An investigator works outside a residential building where the assassination attempt on Russian Lieutenant General Vladimir Alexeyev took place in Moscow, Russia February 6, 2026. REUTERS/Anastasia Barashkova
An investigator works outside a residential building where the assassination attempt on Russian Lieutenant General Vladimir Alexeyev took place in Moscow, Russia February 6, 2026. REUTERS/Anastasia Barashkova

Russia's Federal Security Service (FSB) said on Sunday that the man suspected of shooting top Russian military intelligence officer Vladimir Alexeyev in Moscow has been detained in Dubai and handed over to Russia.

Lieutenant General Vladimir Alexeyev, deputy head of the GRU, ⁠Russia's military intelligence arm, was shot several times in an apartment block in Moscow on Friday, investigators said. He underwent surgery after the shooting, Russian media ⁠said.

The FSB said a Russian citizen named Lyubomir Korba was detained in Dubai on suspicion of carrying out the shooting.

Russian Foreign Minister Sergei Lavrov accused Ukraine of being behind the assassination attempt, which he said was designed to sabotage peace talks. ⁠Ukraine said it had nothing to do with the shooting.

Alexeyev's boss, Admiral Igor Kostyukov, the head of the GRU, has been leading Russia's delegation in negotiations with Ukraine in Abu Dhabi on security-related aspects of a potential peace deal.

World

Factory Explosion Kills 8 in Northern China

Employees work on an electric vehicle (EV) production line at the Volkswagen Anhui factory in Hefei, Anhui province, China, February 4, 2026. REUTERS/Florence Lo
Employees work on an electric vehicle (EV) production line at the Volkswagen Anhui factory in Hefei, Anhui province, China, February 4, 2026. REUTERS/Florence Lo
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Factory Explosion Kills 8 in Northern China

Employees work on an electric vehicle (EV) production line at the Volkswagen Anhui factory in Hefei, Anhui province, China, February 4, 2026. REUTERS/Florence Lo
Employees work on an electric vehicle (EV) production line at the Volkswagen Anhui factory in Hefei, Anhui province, China, February 4, 2026. REUTERS/Florence Lo

An explosion at a biotech factory in northern China has killed eight people, Chinese state media reported Sunday, increasing the total number of fatalities by one.

State news agency Xinhua had previously reported that seven people died and one person was missing after the Saturday morning explosion at the Jiapeng biotech company in Shanxi province, citing local authorities.

Later, Xinhua said eight were dead, adding that the firm's legal representative had been taken into custody.

The company is located in Shanyin County, about 400 kilometers west of Beijing, AFP reported.

Xinhua said clean-up operations were ongoing, noting that reporters observed dark yellow smoke emanating from the site of the explosion.

Authorities have established a team to investigate the cause of the blast, the report added.

Industrial accidents are common in China due to lax safety standards.
In late January, an explosion at a steel factory in the neighboring province of Inner Mongolia left at least nine people dead.