United Nations human rights chief Volker Türk has called for urgent international action to impose binding safeguards and “red lines” on artificial intelligence, warning that increasingly powerful AI systems could become an existential risk to humanity if they are allowed to develop without effective oversight.
Risks to some issuer ratings in Gulf Cooperation Council (GCC) states could increase under a hypothetical scenario in which traffic through the Strait of Hormuz is disrupted through most of 2027, Fitch Ratings says in a new report.
Recent geopolitical developments involving Iran have heightened market sensitivity to oil prices, inflation, and interest rate expectations, according to Lale Akoner, Global Market Analyst.
