Asian markets slid Thursday, led again by banks, with contagion talk sweeping across trading floors owing to fears about European giant Credit Suisse.. And now there is talk of the European Central Bank also calling a halt to its hiking campaign, despite inflation remaining elevated.
Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.. In a statement, Credit Suisse said the central bank loan of up to 50 billion francs ($53.7 billion) would "support... core businesses and clients", adding it was also making buyback offers on about $3 billion worth of debt.
Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions.. At that time, Twitter and iPhones were fledgling products; there were no WhatsApp groups, no Slack chat threads, Welburn noted.
A source of renewable and storable energy, hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major investments.. Green hydrogen is produced through renewable sources.
A pro-Russian prankster impersonates a former US ambassador to Moscow in live video calls, part of a disinformation campaign that researchers say seeks to ensnare high-level Western officials since the invasion of Ukraine.. Cybersecurity researchers say that since the start of Russia's invasion, they have ramped up their targeting of high-profile officials and executives in North America and Europe who have spoken out against Moscow.
Like many people in his generation, Vijay Damerla finds most of his new music online -- but the 20-year-old is slowly becoming a vinyl junkie, amassing records in his room.. "I've been doing this for like 30 years... a new generation, kids, they come in look for all the music from the 1930s and 40s and 50s."
The US government has told China-based ByteDance to sell its shares in the blockbuster TikTok app or face a national ban, the Wall Street Journal reported on Wednesday.. According to the Journal report, the ultimatum to TikTok came from the US agency charged with assessing risks foreign investments represent to national security.
A Chinese tycoon wanted in China and closely tied to president Donald Trump's former political advisor Steve Bannon was arrested in New York Wednesday and charged with bilking some $1 billion from supporters of his anti-Beijing activities.. - Alliance with Bannon - But Trump's Washington didn't take action, and in late 2017 Bannon, having left his White House job, began working with the Chinese tycoon.
A Brazilian court ruled Wednesday ex-president Jair Bolsonaro has five days to hand over pricey jewelry he received as a present from Saudi Arabia, and ordered an audit of all official gifts during his presidency.. The unanimous ruling from the court is the latest chapter in a drama that has dominated headlines in Brazil since allegations emerged earlier this month that Bolsonaro tried to illegally import millions of dollars' worth of jewelry he and his wife received as gifts from Saudi Arabia.
Credit Suisse customers in Geneva were not spooked by the bank's plunge on the stock exchange Wednesday, believing the Swiss government would ride to the rescue before it could ever collapse.. "It will be covered by the government, under 100,000 Swiss francs" per customer, said a 40-year-old personal trainer, who declined to give his name.
