SVB collapse offers lesson for China: State media
Official media say similar collapse unlikely in China but situation has ‘important implications’ for lenders.
Economy
Why has Silicon Valley Bank’s collapse put spotlight on Trump?
The 2018 partial rollback of US’s Dodd-Frank is under renewed scrutiny following the failure of California-based lender.
‘They don’t respect us’: Backlash in Bali as Russians flee war
Locals on Indonesia’s popular holiday island are accusing Russians of taking jobs amid influx sparked by Ukraine war.
Feds invest $3.7M for Edmonton attractions including Muttart, Fort Edmonton Park
The federal funding — more than $3.7 million, announced Tuesday by the federal minister of tourism — will go towards four projects at the heart of Edmonton’s tourism sector.
Iran, Iraq reached good agreements on removing obstacles to economic ties: Minister
Iran’s Economy Minister Ehsan Khandouzi says Iran and Iraq reached good agreements on ways to remove the obstacles hindering economic cooperation between the two neighbors during his recent visit to Baghdad.
Meta to lay off 10K employees in 2nd round of job cubs
The tech industry has laid off more than 280,000 workers since the start of 2022, with about 40 per cent of them coming this year, according to layoffs tracking site layoffs.
Shockwaves from SVB collapse hit global bank stocks gripped by contagion fears
A furious race to reprice interest rate expectations also buffeted markets as investors bet the U.S. Federal Reserve will be reluctant to hike next week.
Why did Silicon Valley Bank fail and is a financial crisis next?
Economists see Lehman Brothers-style crisis as unlikely despite jitters following collapse of California-based lender.
Extreme poverty worldwide could be eradicated by 2050, report says
A paper from the Centre for Global Development says that there will likely be fewer people living in poverty by 2050 than ever before in history.
Silicon Valley Bank collapse: How the financial institution fell into ruin
Silicon Valley Bank’s collapse last week has led to fears that other banks could face a similar fate amid record-high inflation and lending rates. What happened?