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
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
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
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
3:25 PM ET ESPN staff 2023 NFL free agency is off and running, as teams have been agreeing to deals with unrestricted free agents and re-signing their own players since Monday, when the legal tampering period opened. Now that the new league year has begun, those deals can be made official. We’re tracking all of
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
Deputy Prime Minister Dominic Raab repeatedly reduced staff to tears and “ruined people’s lives” through “coercive behaviour”, according to officials who worked with him. As an inquiry into the bullying claims against Mr Raab nears its conclusion, Sky News spoke to individuals across various government departments who raised concerns about his treatment of colleagues. Adam
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
A grandmother has told Sky News how she was forced to sell her home of 40 years to help pay for her granddaughter’s childcare. The issue highlights how the cost of living is crippling some families. They will be hoping Wednesday’s Budget eases their financial burden. Read more on the story here: https://news.sky.com/story/cost-of-living-crisis-grandmother-had-no-choice-but-to-move-in-with-daughter-to-survive-financial-turmoil-12830310 #skynews #costofliving
New Day’s John Berman asks Rep. Elissa Slotkin (D-MI) of the House Homeland Security Committee to comment on the Russian Deputy Foreign Minister’s announcement regarding a de-escalation in Kyiv and Chernihiv, two Ukrainian cities that have been under heavy Russian bombardment. #CNN #News
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
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
Energy stocks were slammed Wednesday as U.S. oil prices plunged to their lowest levels since December 2021. The extent of the decline in West Texas Intermediate crude — down 5.5% to under $67 per barrel — seems overdone in an energy market that remains structurally undersupplied. However, we’re not ready to step in right here
Jeremy Hunt’s budget leaves household incomes stagnant and people paying higher taxes despite cuts to public services, the Resolution Foundation has said. The think tank, which aims to improve the standard of low and middle-income families, said the chancellor had announced an “impressively broad suite of policies” to encourage more people into work. However, it
SINGAPORE — Compared to startups, Southeast Asia’s venture capital firms could see a bigger impact from the collapse of Silicon Valley Bank because finding a replacement for the U.S.-based bank in the region will be challenging. “I think from a VC firm’s perspective, you will see a bigger impact here,” said David Gowdey, managing partner
Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the Swiss central bank to shore up its liquidity. The bank said it was “taking decisive action to pre-emptively strengthen its liquidity”, after a drop in its shares intensified fears of a global financial crisis. “This additional liquidity would support Credit