ISTANBUL
Here’s a rundown of all the news you need to start your Tuesday with, including French presidential hopeful Marine Le Pen convicted of corruption and barred from seeking office for 5 years, US President Donald Trump's remarks on a possible Russia-Ukraine peace deal, and Israel’s proposal for a 40-day ceasefire in Gaza in exchange for hostages.
TOP STORIES
French far-right leader Marine Le Pen was found guilty on Monday of embezzling public funds, according to media reports.
Marine Le Pen and eight other members of the European Parliament (MEPs) were found guilty of embezzling public funds as they are accused of having misused more than €3 million ($3.27 million) in European Parliament funds to pay party staff in France.
The twelve assistants tried alongside the MEPs were also found guilty of receiving stolen goods, according to BFMTV.
The total loss is around €4.1 million ($4.4 million).
The conviction might result in a five-year ban from public office for Le Pen.
US President Donald Trump said Monday that he wants to see his Russian counterpart Vladimir Putin make a deal to end the Ukraine war.
"I want to see him make a deal so that we stop Russian soldiers and Ukrainian soldiers and other people from being killed. But mostly it's Russian and Ukrainian soldiers," Trump told reporters in the Oval Office.
He said he does not want to impose secondary tariffs on Russia's oil, adding "You know, (that’s) something I would do if I thought he wasn't doing the job."
He also said his Ukrainian counterpart Volodymyr Zelenskyy is trying to renegotiate on rare earths.
Israel submitted a new proposal Monday for a ceasefire in Gaza, local media reported.
The Haaretz daily, citing a senior Israeli official, said Israel had asked the Palestinian group Hamas through mediators Egypt and Qatar for the release of 11 living hostages and the return of 16 bodies, in addition to providing information on the remaining captives in Gaza, in return for a suspension of hostilities.
In addition to the ceasefire, Israel would release an unspecified number of Palestinian prisoners from its jails, the newspaper said.
The official said that on the fifth day of the deal, Israel would request information from Hamas regarding the rest of the captives in its custody.
NEWS IN BRIEF
BUSINESS & ECONOMY
US President Donald Trump signed an executive order Monday to establish an office to speed up investments in the country.
The office within the Commerce Department, called the United States Investment Accelerator, will facilitate and accelerate investments above $1 billion in the US.
According to the order, the office aims to reduce regulatory burdens, increase access to national resources, and facilitate collaboration with national laboratories and state governments.
European stock markets closed lower on Monday, weighed down by mounting political uncertainty in France following a court ruling against far-right leader Marine Le Pen and renewed concerns over US tariffs under President Donald Trump.
The political shock, combined with fears over the impact of looming US tariffs, pressured markets across Europe.
Technology stocks led the decline, falling an average of 2.01%, while Europe’s banking index dropped 1.96%. Automotive shares suffered the steepest losses, down 2.6%, amid speculation surrounding Trump’s new tariffs on auto imports.
The broader pan-European Stoxx 600 index fell 1.51%, or 8.18 points, to close at 533.93.
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