Global News
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How deep is the rot in America’s banking industry?
Silicon Valley Bank may be the start of something grimmer Banking is a confidence trick. Financial history is littered with runs, for the straightforward reason that no bank can survive if enough depositors want to be repaid at the same time. The trick, therefore, is to ensure that customers never have cause to whisk away their cash. It is one…
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ICC issues Putin arrest warrant on Ukraine war crime allegations
The International Criminal Court (ICC) has issued an arrest warrant for Russian President Vladimir Putin over alleged war crimes in Ukraine, a move dismissed by Moscow as meaningless. The Hague-based court said in a statement on Friday the warrant was issued over Putin’s suspected involvement in the unlawful deportation and transfer of children from occupied areas of Ukraine to Russia. “There…
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Credit Suisse to borrow as much as $54bn from Swiss Central Bank
Credit Suisse said on Thursday that it plans to borrow as much as $54 billion from the Swiss central bank to improve its liquidity after the lender’s shares plunged to a new low. The bank will also access a “short-term liquidity facility” and will buy back about $3 billion in debt, it said in a statement released on its website.…
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Pope appoints Nigerian Archbishop Nwachukwu as new Secretary of Dicastery for Evangelization
Nigerian-born Archbishop Fortunatus Nwachukwu has been appointed as the Secretary of the Dicastery for Evangelization, Section for First Evangelization and the New Particular Churches. The Holy See Press Office announced the papal appointment on Wednesday. Archbishop Nwachukwu, the titular Archbishop of Acquaviva, has served since 17 December 2021 as the Holy See’s Permanent Observer to the United Nations and Specialized…
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Two detained South Sudan journalists reportedly freed
Two South Sudanese journalists detained over a video reportedly showing President Salva Kiir urinating on himself have been freed, a media lobby group said Wednesday as it demanded the release of two other colleagues. With the freeing of the two journalists, two others of the seven arrested in January remain in police custody over the video that went viral on…
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China lifts sweeping visa curbs on foreigners
China will once again start issuing a range of visas to foreigners from Wednesday, the country’s foreign ministry said, in a major easing of travel restrictions in place since the outbreak of the Covid-19 pandemic. The move marks the latest step towards reopening China to the outside world, as Beijing breaks with the strict zero-Covid strategy that defined its pandemic…
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Oscars 2023: The complete list of winners at 95th Academy Awards
It was a night of historic wins at the 95th annual Academy Awards, taking place at the Dolby Theatre in Los Angeles, California. On Sunday, two films quickly emerged as dominant forces in the race to pick up the most Oscar trophies: the German-language war epic All Quiet on the Western Front and the topsy-turvy multiverse action-comedy Everything Everywhere All at…
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Michelle Yeoh makes history with best actress Oscar win
Michelle Yeoh has won best actress at the 95th Academy Awards on Sunday night, becoming the first woman of Asian descent to win the award. Yeoh, who earned the trophy for her acclaimed performance in “Everything Everywhere All at Once,” has also entered the history books for becoming the first Malaysian-born performer to be honored with a best actress Oscar. Yeoh is the fifth person…
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Oscars 2023: ‘Naatu Naatu’ becomes 1st song from an Indian film to win best original song
“Naatu Naatu,” the song from the film “RRR,” made history Sunday night with its win for best original song at the Oscars. The Telugu song by M. M. Keeravaani and Chandrabose is the first from an Indian film to win the Academy Award in the best original song category. In his acceptance speech, Keeravaani thanked the academy and said that…
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Silicon Valley Bank collapses after failing to raise capital
Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a capital crisis led to the second-largest failure of a financial institution in US history. California regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation. The FDIC is acting as a receiver, which typically means it will…
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