Tech News

Poland to be first NATO member to send fighter jets to Ukraine

Polish President Andrzej Duda on Thursday said Warsaw would deliver an initial batch of four MiG-29 fighter jets to Ukraine, in what would be the first such shipment by a NATO member.. Earlier Thursday, Polish Defence Minister Mariusz Blaszczak had said Poland wanted to transfer MiG-29 planes to Ukraine "within the framework of a larger coalition of countries". 

How did France's government impose its pension reform?

The constitutional power used by the French government on Thursday to ram through parliament a hotly contested pension reform is deeply controversial and seen as undemocratic by critics.. "In the eyes of French people, the 49.3 is associated with brutality," Antoine Bristielle, a public opinion expert at the Fondation Jean-Jaures, a Paris think-tank, told AFP. President Emmanuel Macron's government chose to deploy the article on Thursday to pass the pensions overhaul after two months of heated debate in parliament, as well as strikes and mass protests in the streets.

Yellen says US banking system sound despite turmoil

The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank (SVB) and Signature Bank, Treasury Secretary Janet Yellen told members of Congress on Thursday.. There will be a careful look at what happened in the bank, and what initiated this problem," Yellen added.

S.Africa to heighten security as opposition plans strike: Ramaphosa

President Cyril Ramaphosa warned Thursday that South Africa's security forces would protect the country from "disorder and anarchy" after a leftwing party called for a nationwide strike next week to try to force him out. . His party has called on South Africans to avoid going to work and school or operating business on the strike day.

From acclaim to blame: Lebanon's bank chief Riad Salameh

Lebanon's central bank chief Riad Salameh, once lauded for reviving the economy, faces investigations into his personal wealth and is widely viewed as a key culprit in the country's dramatic economic crash.. On Thursday, he appeared for the first time before European investigators probing his personal wealth and allegedly suspicious financial transfers abroad.

Shares of First Republic plunge after report of possible sale

Shares of First Republic Bank nosedived on Wall Street Thursday following a report that the embattled California bank is considering strategic options, including a possible sale.. Citing sources close to the matter, Bloomberg reported that First Republic was considering strategic options that include a sale.

Green tech boom looms but poor nations risk being eclipsed: UN

The green technology industry could be worth several trillion dollars by 2030 but developing countries will miss out on the boom unless they jump in now, the UN said Thursday.. UNCTAD estimated that 17 key frontier technologies, which are at the leading edge of green innovation, could create a market worth more than $9.5 trillion by 2030 -- up from $1.5 trillion in 2020.

Credit Suisse bounces back but investors still cautious

Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.. Hours before the stock exchange reopened, Credit Suisse announced Thursday that it would borrow 50 billion francs from the SNB to reinforce the group.

Deliveroo reduces losses on cost-cutting

Deliveroo reduced net losses last year on cost-cutting, while revenues rallied on higher pricing in the face of soaring global inflation, the international food delivery app said Thursday.. Deliveroo last month cut about 350 jobs, or nearly one tenth of its non-rider workforce.

More than 40,000 protest over Greek train tragedy

Tens of thousands of people protested across Greece on Thursday as workers staged a mass strike to voice outrage over last month's train disaster, which killed 57 people.. In addition to the 57 people who were killed, several victims remain in hospital, including one passenger who is fighting for his life.