A group of 11 major banks have clubbed together to provide $30bn (£24.7bn) of cash in an attempt to end a crisis of confidence surrounding another major US bank. First Republic, a regional lender, was among those to have seen its share price collapse this week amid sector-wide balance sheet scrutiny prompted by the collapse
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In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Thanks to recent advances in artificial intelligence, new tools like ChatGPT are wowing consumers with their ability to create compelling writing
EVs and Slurpees are the future, according to 7-Eleven. The convenience store chain is entering a new era after unveiling 7Charge Thursday, an ambitious EV fast-charging network plan alongside an app to make finding someone to plug in and charge even more accessible. 7-Eleven launches EV fast-charging network and app Growing to become the world’s
President Biden has tried to reassure US citizens that the country’s financial system is safe following the collapse of the Silicon Valley Bank, and its UK arm being bought by HSBC for £1. But the demise of the bank has created wider fears about the banking sector in general. Sky’s Economics Editor Ed Conway reports.
Former Defense Secretary Mark Esper reacts to a letter obtained by CNN from a Russian soldier detailing the battlefield experience in the war against Ukraine. #CNN #News
There have been rare chaotic scenes in the French parliament as President Emmanuel Macron used special powers to push through an unpopular pensions bill which aims to raise the retirement age from 62 to 64. Boos and chants from opposition politicians were heard in the national assembly (the lower house) as left-wing MPs sung lines
Visitors stream online computer games on the Twitch Interactive stand at Gamescom video games trade fair in Cologne, Germany. Krisztian Bocsi | Bloomberg | Getty Images Emmett Shear, the CEO of Amazon‘s livestreaming service Twitch, is stepping down from his role effective immediately, the company announced Thursday. Amazon acquired Twitch for almost $1 billion in
NHS unions have reached a pay deal with the government in a major breakthrough that could herald the end of strikes by frontline staff. The offer consists of one-off payment of 2% of their salary for the current financial year 2022/23 and a 5% pay increase for 2023/24. It will apply to key workers including
Pink Floyd co-founder and bassist Roger Waters has vowed to take legal action after a planned concert in Frankfurt was cancelled by officials who branded him one of the “world’s most widely spread antisemites”. The veteran musician was scheduled to perform at the city’s Festhalle on 28 May as part of his This Is Not
In this article @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil production in Azerbaijan Vostok | Getty Images Oil prices fell sharply Wednesday, as traders feared a brewing banking crisis could dent global economic growth. West Texas Intermediate futures fell more than 5% to settle at $67.61 per barrel, reaching its lowest level since December
She’s won an Oscar, a Tony, two Golden Globes and numerous BAFTAs and Olivier awards, but for Dame Judi Dench her latest performance has particular poignancy. The 88-year-old actress is one of the stars of Allelujah, a film about a fictionalised Yorkshire hospital battling closure as its staff struggle to find beds for its elderly
The European Central Bank (ECB) has maintained its fight against inflation and imposed a large set of interest rate hikes despite financial market turmoil. Bank balance sheets have suffered because of the effect of interest rate increases, which have contributed to recent crises at Silicon Valley Bank and Credit Suisse. But the central bank –
Poland is to send Ukraine four MiG-29 fighter jets in the coming days, it has been announced, with more to follow later. “Firstly, literally within the next few days, we will hand over, as far as I remember, four aircraft to Ukraine in full working order,” Polish President Andrzej Duda said on Thursday. “The rest
Mar 16, 2023 With the start of the 2023 MLB season approaching, we’ve ranked the top 100 prospects in the game. Now it’s time to take a look at the players who didn’t make my list this year but could earn a spot on the top 100 going into next season. This is an opportunity
The US Air Force has released video said to show a Russian jet intercepting an American drone and dumping fuel on it over the Black Sea. It said two Russian Su-27 jets flew close to the MQ-9 Reaper before one hit its propeller and forced remote operators to crash it into the ocean. Tuesday’s incident
TikTok will be banned from UK government phones amid security concerns around the Chinese-owned video app, Cabinet Office minister Oliver Dowden has announced. In a statement to parliament, Mr Dowden said there “could” be a risk to how government data and information is used by the app. He said that while TikTok use is “limited”,
6:42 PM ET Memphis Grizzlies superstar Ja Morant, in an interview Wednesday, said he realized how much he is risking with his pattern of poor off-court decisions during the week and a half since the incident that resulted in his eight-game suspension from the NBA. Hours after the Grizzlies played the Nuggets in Denver on
Mar 15, 2023 Associated Press INDIAN WELLS, Calif. — Frances Tiafoe defeated 10th-seeded Cameron Norrie 6-4, 6-4 on Wednesday to reach the semifinals of the BNP Paribas Open. The 14th-seeded American ended the 2021 champion’s eight-match winning streak to earn his first semifinal berth in a Masters 1000 tournament. “Super happy about today,” Tiafoe said
Dallas-based infrastructure manufacturer Arcosa (NYSE: ACA) said today that it’s received $750 million worth of wind turbine tower orders, so it’s building a new factory where it can make them. The majority of the company’s wind turbine tower orders will support wind energy projects currently under way in the US Southwest, so that’s why it
More than 100 tech firms’ CEOs have told Chancellor Jeremy Hunt they believe the collapse of Silicon Valley Bank would bring harm to the UK’s tech sector. PM Rishi Sunak, who is flying to the US for an official visit, has echoed comments by Chancellor Jeremy Hunt that the Treasury is “working at pace” to