AFP
13875 articles published since 08 Mar 2022
Author's articles
Asian markets sink as SVB contagion fears hit banking sector
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders. Equity markets were well in the red in early Asian trade Tuesday, with Tokyo, Sydney and Seoul almost two percent down, while Hong Kong, Shanghai, Singapore and Taipei suffered hefty selling.
Regret and blame in Silicon Valley after bank run
The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so suddenly, shunned by the companies that used it most. "I think the ripple effects of this in Silicon Valley are going to be felt for the next decade," Ives said. arp-juj-leb/caw/dw
California court upholds Uber drivers being contractors
A California appeals court on Monday upheld a state law letting Uber, Lyft and other app-based, on-demand companies treat drivers as independent contractors rather than employees. The labor legislation heavily backed by Uber, Lyft and other app-based, on-demand services effectively overturned a California law requiring them to reclassify their drivers and provide employee benefits.
China lifts sweeping visa curbs on foreigners
China will once again start issuing a range of visas to foreigners as of Wednesday, the country's embassy in Washington said, a major easing of travel restrictions in force since the outbreak of the Covid-19 pandemic.
Customers calm at under-pressure US banks
Customers of under-pressure US banks said Monday they were reassured after authorities stepped in to protect deposits, even as markets fretted about systemic contagion. Governments in Europe and the United States have moved to reassure markets that the world is not in for a repeat of the 2008 financial crisis, when the global banking system seized up.
Australia to buy US nuclear subs in ambitious new pact
Australia will buy as many as five US nuclear-powered submarines and later build a new model with US and British technology under an ambitious plan to beef up Western muscle across the Asia-Pacific in the face of a rising China, a US official said Monday.
Ukraine troops wrap up Leopard tank training in Spain
Ukrainian soldiers wrap up this week a four-week training course in Spain on how to operate the Leopard 2 tanks Western allies have agreed to deliver to help Kyiv fight Russian forces, the Spanish ministry said Monday. Spanish Prime minister Pedro Sanchez said during a visit to Kyiv in February that Spain would be sending six Leopard 2A4 tanks immediately and hoped to send four more later.
UK boosts security spending against China and Russia threats
Britain on Monday detailed plans to bolster military and security spending to confront the "epoch-defining challenge" posed by China while also countering Russia, as London updated its strategic foreign and defence policy.
Biden administration approves Alaska oil drilling project
The Biden administration, brushing aside pressure from environmentalists, on Monday approved a controversial oil drilling project on Alaska's North Slope.
AFP
Load more