Cuba's government on Monday announced a surprise lifting of its ban on US dollar deposits in banks, reversing a policy which had been in place across the communist island nation since June 2021.. "From this moment on, financial and banking institutions will accept cash deposits of US dollars in bank accounts," said a Central Bank of Cuba (BCC) resolution published Monday in the country's Official Gazette.
Asian markets mostly rose Tuesday after an Easter break that thinned trading volumes in the region, with focus now turning to the release of US inflation data later in the week.. "It does appear the US payrolls have seemingly steadied the ship after the market got a bit out-of-step with, or at least over-extrapolating, an imminent recession from the gloomy... data last week," said SPI Asset Management's Stephen Innes.
Swiss President Alain Berset on Tuesday will defend the orchestrated takeover of Credit Suisse by UBS at an extraordinary session of parliament to debate the bank's collapse.. Berset will take the floor on Tuesday, a parliament spokeswoman told AFP. - $120 bn in play - Amid fears of contagion following the collapse of three US regional banks, Credit Suisse's share price plunged, despite reassurances from the central Swiss National Bank (SNB).
Three top Twitter executives who were sacked by Elon Musk last year when he took over the social media company filed suit on Monday, seeking to be reimbursed for costs of litigation, investigations and congressional inquiries related to their former jobs.. The court filing outlined numerous expenses related to inquiries by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), but does not include details on the nature of the investigations or whether they are still ongoing.
A Tesla owner is seeking class action status for a lawsuit accusing the automaker of allowing its workers to use intimate or embarrassing imagery captured by the electric vehicles for "tasteless entertainment.". Cameras in vehicles captured "highly-invasive videos and images" which were used for "the tasteless and tortious entertainment" of Tesla employees, the suit maintained.
A Kuwaiti media outlet has unveiled a virtual news presenter generated using artificial intelligence, with plans for it to read online bulletins.. "I'm Fedha, the first presenter in Kuwait who works with artificial intelligence at Kuwait News.
The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.. - US pushes for World Bank reforms - The spring meeting also provides an opportunity to make progress on an ambitious US-backed agenda to reform the World Bank so it is better-prepared to tackle long-term issues like climate change.
Asian equities rose Monday in holiday-thinned trade after US jobs data indicated the Federal Reserve would likely have to hike interest rates again but soothed recent worries about a possible recession.. With much of the region still closed for the Easter break, trading was light again on Monday.
Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.. "I've seen so many things in their catalog... offered on Amazon and other online retailers for much more," Silva, a 65-year-old in California, told AFP. She has placed around 20 orders on Temu, buying craft supplies, jewelry and gifts.
Billionaire philanthropist George Soros has long been a bogeyman for the far right, but Donald Trump's indictment has unleashed a fresh torrent of hate that has also entangled US fact-checkers debunking conspiracies about him.. A slew of American fact-checkers, who say the focus on Soros in the lead-up and following Trump's indictment is misplaced, have themselves faced online harassment and trolling.
