A branch of First Republic Bank is pictured in Midtown Manhattan in New York, March 13, 2023. fresh mike | Reuters First Republic Bank has seen its credit ratings sink further into rotten status by S&P Global, which said the lender’s recent injection of $30 billion in deposits from 11 major banks may not solve … Read more
London CNN — Switzerland’s biggest bank, UBS, has agreed to buy struggling rival Credit Suisse in an emergency bailout deal aimed at stemming financial market panic sparked by the failure of two US banks earlier this year. month. “UBS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. He … Read more
BANGUI, Central African Republic (AP) — Gunmen stormed a Chinese-operated gold mining site that had recently been launched in the Central African Republic, killing nine Chinese nationals and injuring two others on Sunday, reports said. authorities. However, the rebel coalition initially blamed by some for the attack released a statement later that day. Without providing … Read more
BERLIN (AP) — The release of a major new UN report on climate change is being delayed by a battle between rich and developing nations over emissions targets and financial aid to vulnerable nations. The report by hundreds of the world’s top scientists was due to be endorsed by government delegations on Friday at the … Read more
Within hours of some of Silicon Valley Bank’s biggest customers starting withdrawing their money, a WhatsApp group of immigrant startup founders of color grew to more than 1,000 members. Questions poured in as the bank’s financial situation deteriorated. Some were desperate for advice: Could they open an account at a major bank without a social … Read more
The CDC says a rare bacterial infection has been diagnosed in 68 patients in 16 U.S. states, likely caused by preservative-free eye drops So far there has been one death while eight other patients have lost their sight; four people were forced to undergo surgical removal of infected eyes Florida grandmother Clara Oliva is now … Read more
PARIS (AP) — A handful of protests against President Emmanuel Macron’s plan to raise the retirement age in France from 62 to 64 took place on Saturday in Paris and beyond, as uncollected rubbish stank on the streets of the French capital amid a strike by sanitation workers. Largely non-violent protests took place in various … Read more
KYIV, Ukraine (AP) — An unprecedented wartime deal that has allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and where high food prices push more people into poverty was extended just before its expiration date, officials said Saturday. The United Nations and … Read more
WASHINGTON (AP) — Bills have been introduced, hearings scheduled and blame cast as Congress reacted last week to the brutal failure of two banks. A preview of what lawmakers are saying and planning as the fallout from the collapse of Silicon Valley Bank and Signature Bank continues. RAPID LEGISLATIVE FIXES LIKELY As President Joe Biden … Read more
America’s largest retailers say organized retail crime has become a multi-billion dollar problem, but the effectiveness of their strategies to address it and the validity of the data as a whole are in question. Over the past few years, companies such as Home Depot, Lowe’s, Walmart, Best Buy, Walgreens and CVS have sounded the alarm … Read more
