AFP
13875 articles published since 08 Mar 2022
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JPMorgan's Jamie Dimon plays key role in bank rescue, in echo of 2008
Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008. And Dimon, 67, played an important role in the plan.
In US, 'tip fatigue' raises questions about sacrosanct habit
To tip, or not to tip? As a result, "trying to figure out like, when to tip, when not to tip, what is the appropriate tip, is it like always 20 percent now?
Musk says code for recommending tweets will be public
Twitter owner Elon Musk on Friday put out word that he will make public the long-secret algorithm for recommending tweets. Making the code open source would mean developers, including aspiring rivals, would be able to put their own spins on the algorithm, according to a foundation for the software ecosystem.
'I'M BACK': Trump returns to Facebook, YouTube after ban lifted
Former president Donald Trump wrote his first posts on his reinstated Facebook and YouTube accounts Friday, more than two years after he was banned over the US Capitol insurrection. He was sanctioned for posting content that the platforms said incited unrest, with YouTube announcing his reinstatement on Friday, two months after Facebook said it was unlocking his account.
Interest rate risk: SVB's nemesis a well-known foe in banking
Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management. SVB was a case of "management failure or malpractice," he said.
Credit Suisse at a crossroads as stocks slide again
Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence. After recovering some ground on Thursday, Credit Suisse shares closed down eight percent on Friday at 1.86 Swiss francs each as the Zurich-based lender struggled to regain the confidence of investors.
Belarus jails top news site managers for 12 years
Belarus on Friday handed long jail terms to senior staff at the country's largest independent news site, which was forced to shutter after historic demonstrations against strongman Alexander Lukashenko. Belarus also jailed two other perceived government critics on Friday.
NATO, EU chiefs tour Norway gas platform
The NATO and EU chiefs visited a North Sea gas platform on Friday as Norway's prime minister vowed to keep up deliveries after his country supplanted Russia as Europe's main supplier. In a show of unity, Norway's Prime Minister Jonas Gahr Store met with NATO Secretary General Jens Stoltenberg and European Commission President Ursula von der Leyen on the Troll platform.
Microsoft seeks EU nod for Activision Blizzard bid with new offer
Microsoft said on Friday that it has offered formal commitments to the EU in its bid to persuade the bloc to approve its $69-billion takeover of video game giant Activision Blizzard.
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