Mon, 20 Mar 2023

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

After winning Apple contract, Foxconn to build factory in India

TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...

Blocking China's chip industry will raise costs, warns founder of TSMC

TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...

Russia plans to take over Toyota's St. Petersburg plant, says TASS

MOSCOW, Russia: State run news agency TASS has reported that Russia's Industry and Trade Minister Denis Manturov said that Japanese ...

Washington buoyed by February retail sales growth

WASHINGTON D.C.: According to a report from the US Commerce Department, in February, US retail sales fell moderately, likely the ...

To grow S. Korea's chip industry, Samsung to invest $230 billion

SEOUL, South Korea: In line with the country's efforts to boost its chip industry, South Korea's Samsung Electronics said it ...

First Republic shares dive, U.S. stock markets reel

NEW YORK, New York - A dramatic fall in First Republic Bank' shares, despite a $30 billion lifeline extended to ...

Tyson Foods to close Arkansas, Virginia plants, 1,700 to lose jobs

SPRINGDALE, Arkansas: Tyson Foods said it will close two US chicken plants and lay off some 1,700 employees on 12th ...

Facebook expected to fire 10,000 as media companies contract

MENLO PARK, California: As the tech industry prepares for a major economic downturn, Facebook-parent company Meta Platforms has announced that ...

Nasdaq Composite sharply higher at Thursday close

NEW YORK, New York - U.S. stocks rallied Thursday as the Swiss National Bank came to the rescue of Credit ...

Former Silicon Valley Bank customers streaming to large US banks

SAN FRANCISCO, California: Media reports indicate that after the collapse of Silicon Valley Bank, many customers have applied to move ...

New York ends $2 billion LaGuardia airport light-rail train project

NEW YORK CITY, New York: New York Governor Kathy Hochul has announced that after a study found the costs of ...

VW announces it will build battery cell plant in Canada

FRANKFURT, Germany: In an effort to localize its electric vehicle production chain in the region, Volkswagen has announced that it ...

U.S. stocks shaken by concern over European banking sector

NEW YORK, New York - U.S. stocks recovered major losses to finish mixed Wednesday after turmoil on global markets with ...

Boeing to sell some 80 787-planes to Saudi airlines

ALEXANDRIA, Virginia: Confirming a previous report by the Wall Street Journal, Boeing said it expects to sell 78 787-Dreamliner airplanes ...

China moves to bolster economic recovery with RRR cut

© Provided by Xinhua BEIJING, March 20 (Xinhua) -- China has announced its first cut in the amount of cash ...

Cost of YouTube TV's monthly subscription to jump 114 per cent from its launch

New York [US], March 20 (ANI): The cost of YouTube TV is going up again -- making a monthly subscription ...

Tear Gas, Arrests as Kenya Opposition Stages Protests

NAIROBI, KENYA - Kenyan riot police fired tear gas Monday to disperse demonstrators gathered in Nairobi for a day of ...

S. Africa Police, Soldiers Deploy for Opposition-Led Protests

PRETORIA, SOUTH AFRICA - Police and soldiers deployed across South Africa Monday as the country braced for protests after a ...

Economic Watch: China moves to bolster economic recovery with RRR cut

BEIJING, March 20 (Xinhua) -- China has announced its first cut in the amount of cash that banks must hold ...

Finance ministry invites applications for RBI's deputy governor

Mumbai (Maharashtra) [India], March 20 (ANI): The Finance Ministry has invited applications for the post of deputy governor of the ...

India, Japan growing above pre-pandemic levels among Top 10 economies: PHDCCI report

New Delhi [India], March 20 (ANI): Global economic prospects have shown a significant deceleration for the year 2023 as 94 ...

Sensex loses 376 points, Nifty drops 129 pts in morning trade

Mumbai (Maharashtra) [India], March 20 (ANI): Indian equity markets opened with losses on Monday, picking up weak global cues spilling ...

US, EU, Japan central banks join hands to keep dollars flowing: CNN Business

London [UK], March 20 (ANI): The US Federal Reserve and several other major central banks announced a coordinated effort on ...

China-brokered Saudi-Iran landmark deal could change Middle East dynamics

By John SolomouNicosia [Cyprus] March 20 (ANI): The China-brokered accord between Riyadh and Tehran providing for the re-establishment of diplomatic ...

NSW Resolve poll has narrow lead for Labor five days before election

The New South Wales state election will be held on Saturday. I had a preview of both the lower and ...

Switzerland's biggest bank agrees to take over Credit Suisse

Switzerland, March 20 (ANI): Switzerland's biggest bank, Union Bank of Switzerland (UBS) has agreed to take over its troubled Swiss ...

Potential buyer seeks guarantees for Credit Suisse Reuters

UBS reportedly wants the Swiss state to partly cover the acquisition of the failing lenderMultinational investment bank UBS wants the ...

Elon Musk fact-checks Biden on tax claim

Twitter's owner has shot down the US president's assertion that billionaires pay only 3% of their earnings to the governmentAmerica's ...

Himachal Pradesh CM Sukhu lauds officers' efforts for disbursing Rs 804 crore as land compensation in NH projects

Shimla (Himachal Pradesh) [India], March 19 (ANI): Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday reviewed the progress of ...

UAE's EMAAR makes first-ever FDI in a Srinagar Mall

Srinagar (Jammu and Kashmir), March 19 (ANI): For the first time in the history of Jammu and Kashmir, the Union ...

The AI arms race highlights the urgent need for responsible innovation

The recent frenzy over language processing tools such as ChatGPT has sent organizations scrambling to provide guidelines for responsible usage. ...

As Economy Worsens, Lebanese Juggle Dizzying Rates for Devalued Pound

Beirut - When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand - not ...

Sri Lanka govt debt rose to 115.2 pc of GDP by 2022-end: Report

Colombo [Sri Lanka], March 19 (ANI): The Sri Lankan government's debt has risen to 115.2 per cent of Gross Domestic ...

Business visits, policy certainty boost Chinese market optimism

© Provided by Xinhua By Xinhua Writer Wang SiyuanBEIJING, March 19 (Xinhua) -- Global firms are endeavoring to take the ...

LG Manoj Sinha lays foundation stone of first international mall in J-K, paves way for more investments

Srinagar (Jammu and Kashmir) [India], March 19 (ANI): Jammu and Kashmir Lieutenant Governor (LG) Manoj Sinha on Sunday, performed the ...

How the FDIC Keeps US Banks Stable

When the U.S. government announced this month that it had stepped in to take over Silicon Valley Bank (SVB) and ...

Starlink Brought Internet to Brazil's Amazon. Criminals Love It.

Brazilian federal agents aboard three helicopters descended on an illegal mining site on Tuesday in the Amazon rainforest. They were ...

Britons facing disastrous decade report

Households will get poorer and pay more tax over the coming years, a think tank projectsReal wages in the UK ...

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German visitor to talk computer chips in Taiwan

BERLIN, Germany: Germany will send a cabinet minister to visit Taiwan next week, at a time when Berlin is reviewing ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

US CDC reports 40% rise in pregnancy deaths during Covid

ATLANTA, Georgia: Data from the Centers for Disease Control and Prevention released this week showed that in 2021 during the ...

San Francisco area to end installing gas appliances in 2027

SAN FRANCISCO, California: Demands by environmentalists have resulted in the passing of rules in which natural gas-powered furnaces and water ...

US will seek jail sentence for Chinese businessman Guo Wengui

WASHINGTON D.C.: The US government has charged exiled Chinese businessman Guo Wengui with being the mastermind behind a complex conspiracy ...

After Chinese balloon flies across US, Senators seek end to incursions

WASHINGTON D.C.: US Senators Mark Kelly, a Democrat, and Ted Budd, a Republican, will introduce legislation this week to help ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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