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Credit Suisse says it will borrow up to $53.7 bn from central bank
Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. In a statement, Credit Suisse said the central bank loan of up to 50 billion francs ($53.7 billion) would "support... core businesses and clients", adding it was also making buyback offers on about $3 billion worth of debt.
Social media frenzy fuels bank busting panic
Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions. At that time, Twitter and iPhones were fledgling products; there were no WhatsApp groups, no Slack chat threads, Welburn noted.
Push for carbon-free hydrogen accelerates in US
A source of renewable and storable energy, hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major investments. Green hydrogen is produced through renewable sources.
Russia calling? Scammers target high-level Western officials
A pro-Russian prankster impersonates a former US ambassador to Moscow in live video calls, part of a disinformation campaign that researchers say seeks to ensnare high-level Western officials since the invasion of Ukraine.
Once dying, then a novelty, vinyl is back and thriving
Like many people in his generation, Vijay Damerla finds most of his new music online -- but the 20-year-old is slowly becoming a vinyl junkie, amassing records in his room. "I've been doing this for like 30 years... a new generation, kids, they come in look for all the music from the 1930s and 40s and 50s."
US tells ByteDance to sell TikTok or be banned: report
The US government has told China-based ByteDance to sell its shares in the blockbuster TikTok app or face a national ban, the Wall Street Journal reported on Wednesday. According to the Journal report, the ultimatum to TikTok came from the US agency charged with assessing risks foreign investments represent to national security.
US arrests Chinese tycoon who backed Trump advisor Bannon
A Chinese tycoon wanted in China and closely tied to president Donald Trump's former political advisor Steve Bannon was arrested in New York Wednesday and charged with bilking some $1 billion from supporters of his anti-Beijing activities.
Hundreds of thousands of workers strike in latest UK industrial action
Teachers, London Underground train drivers and civil servants joined striking doctors Wednesday in a mass stoppage, just as Britain's finance minister Jeremy Hunt unveiled his tax and spending plans. "Doctors are on strike in our hospitals, train drivers are on strike.
Court gives Bolsonaro 5 days to hand over Saudi jewels
A Brazilian court ruled Wednesday ex-president Jair Bolsonaro has five days to hand over pricey jewelry he received as a present from Saudi Arabia, and ordered an audit of all official gifts during his presidency.
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