Global bank stock rout deepens as SVB collapse fans crisis fears

Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks further on Tuesday as assurances from President Joe Biden and other policymakers did little to calm markets and prompted a rethink on the interest rate outlook..Biden's efforts to reassure markets and depositors
14 March 2023, 04:21 AM

North Korea fires 2 ballistic missiles, Seoul says

"Our military detected two short-range ballistic missiles fired towards the East Sea from Jangyon area in South Hwanghae province from 0741 (2241 GMT) to 0751"
14 March 2023, 01:30 AM

‘Fierce’ battles rage in central Bakhmut

Moscow and Kyiv both reported fierce fighting in the war’s bloodiest battle over the eastern city of Bakhmut, while Chinese President Xi Jinping is planning to visit Russia as soon as next week, people familiar with the matter said yesterday.
13 March 2023, 18:00 PM

European arms imports double in 2022: SIPRI

Arms imports into Europe almost doubled in 2022, driven by massive shipments to Ukraine, which has become the world’s third-largest destination, researchers said yesterday.
13 March 2023, 18:00 PM

95th Academy Awards: ‘Everything Everywhere’ wins all at once

If last year’s ‘slap’ incident tainted the Oscars ceremony, this year’s ceremony was a more than a welcome step in the right direction
13 March 2023, 18:00 PM

Biden admin approves Alaska oil drilling project

The Biden administration, brushing aside pressure from environmentalists, yesterday approved a controversial oil drilling project on Alaska’s North Slope.
13 March 2023, 18:00 PM

ICC to open war crimes cases against Russians: report

The court would also seek arrest warrants for several people
13 March 2023, 15:39 PM

Fuelled by Ukraine, European arms imports double in 2022

Arms imports into Europe almost doubled in 2022, driven by massive shipments to Ukraine, which has become the world's third-largest destination, researchers said Monday.
13 March 2023, 13:01 PM

HSBC buys failed US bank SVB's UK arm for £1

The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday
13 March 2023, 08:01 AM

After SVB failure, US acts to shore up banking system confidence

After a dramatic weekend, regulators said the failed bank's customers will have access to all their deposits starting Monday and set up a new facility to give banks access to emergency funds. The Federal Reserve also made it easier for banks to borrow from it in emergencies
13 March 2023, 05:37 AM

22 killed after boat capsizes off Madagascar on way to Mayotte

The boat, which was carrying 47 people, capsized on Saturday in the seas off Ankazomborona in the north of Madagascar, the Maritime and River Port Agency said in a statement
13 March 2023, 01:37 AM

10 killed in central Mexico bar shooting

The attack took place after 11:00 p.m. local time on Saturday (0500 GMT) at the "El Estadio" bar, when a group of armed men burst in and opened fire at customers and employees of the bar along a highway that connects the cities of Celaya and Queretaro
13 March 2023, 01:25 AM

Russian Assault on Bakhmut: Ukraine readies counteroffensive

The Ukrainian military was preparing for an upcoming counteroffensive yesterday, with a top commander saying his forces’ ongoing defence of Bakhmut in the face of fierce and sustained Russian attacks was necessary to “buy time” for that push.
12 March 2023, 18:00 PM

T-Rex skeleton to go under hammer in Switzerland

A Tyrannosaurus-Rex skeleton dating back 67-million years will be auctioned in Switzerland next month, marking the first such sale in Europe, the auction house said.
12 March 2023, 18:00 PM

Iran’s behaviour to be under microscope

Saudi Arabia will watch Iran’s behaviour during the two-month window agreed upon to restore relations, Saudi columnists said yesterday, reflecting continued wariness in the longtime rivalry between the region’s Sunni Muslim and Shia powers.
12 March 2023, 18:00 PM

West Bank: Israeli troops kill three Palestinian gunmen

Israeli soldiers shot dead three Palestinian gunmen in a pre-dawn firefight in the occupied West Bank, Israeli and Palestinian sources said yesterday, amid a surge in violence in the region.
12 March 2023, 18:00 PM

History will hold Trump ‘accountable’

Former US vice president Mike Pence said Saturday that history would hold former president Donald Trump “accountable” for his role in the 2021 attack on the US Capitol, US media reported.
12 March 2023, 18:00 PM

Broader signs of a changing global order

Iran and Saudi Arabia have agreed to re-establish diplomatic relations in a China-brokered deal that could have wide-ranging consequences but building on it, analysts say, will prove the main challenge.
12 March 2023, 18:00 PM

2 Palestinians shot dead in West Bank

Three Palestinian were shot dead after they fired at Israeli soldiers in the northern West Bank near Nablus, the Israeli army said on Sunday, as violence in the region continued
12 March 2023, 06:40 AM

Latest California storm leaves at least 2 dead

"We were hoping to avoid and prevent this situation, but the worst case scenario has arrived with the Pajaro River overtopping and levee breaching at about midnight"
12 March 2023, 02:09 AM