Business News
Why India's knitwear capital is in doldrums
livemint.com - 12 Mar 2023 19:15
Tiruppur is being weighed down by multiple challenges. Will the latest crisis force the industry to change?
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
Bitcoin.com - 12 Mar 2023 18:35
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 20...
Fox's P.R. Woes May Not Directly Translate to Legal Ones
The New York Times - 12 Mar 2023 09:00
Some of the unflattering private messages among the network's hosts and executives may never become evidence when Dominion Voting Systems' defamation case against Fox News goes to trial.
Hedge fund manager Bill Ackman warns of 'economic meltdown' following Silicon Valley Bank collapse
New York Post - 12 Mar 2023 15:32
Billionaire Bill Ackman predicted that customers would make a run to withdraw funds from small banks unless regulators took action.
Why Climatologists Know La Niña Is Over - The Answer Includes No Rodents
Forbes - 12 Mar 2023 17:33
Here's why scientists know La Niña is over for now and the groundhog was not in the equation.
The Fed: Did the Fed plant the seeds of destruction of Silicon Valley Bank?
Market Watch - 12 Mar 2023 23:03
Did the Federal Reserve's rapid interest-rate hikes cause the collapse of Silicon Valley Bank? The debate rages on Twitter.
SVB crisis: US seeks to stymie bank-run risk as Yellen pledges protections
livemint.com - 12 Mar 2023 22:31
Since SVB's collapse Friday in the biggest bank failure in over a decade, the FDIC has launched an auction for what's left of the business, part of an effort to fully recover clients' uninsured deposits and head off a wi...
After losing more than 30,000 soldiers, the brutal Wagner Group is now recruiting in Russian schools
Business Insider - 12 Mar 2023 18:46
Wagner Group founder Yevgeny Prigozhin said he wants to strengthen the group's ideology via recruitment centers at schools and youth sports clubs.
IREDA's cumulative sanctioned RE loan amount stands at Rs1.45 trillion: CMD
livemint.com - 12 Mar 2023 17:31
Pradip Kumar Das stressed upon the fact that IREDA being the largest RE funding agency in the country, stands fully committed towards achieving the government's 'Panchamrita' targets and to be an integral part in achievi...
These million-dollar luxury condos used to be the storied offices of a big Wall Street bank. See inside the transformation.
Business Insider - 12 Mar 2023 12:45Dividend Stocks Have New Competition: Cash
Wall Street Journal - 12 Mar 2023 11:33
Government-bond yields at their highest levels in more than a decade and a soggy stock market have led to a steady decline in the number of stocks that offer comparatively high yields.
Fights Over Rural America's Phone Poles Slow Internet Rollout
Wall Street Journal - 12 Mar 2023 11:32Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US
Sky News - 12 Mar 2023 06:23Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Coin Telegraph - 12 Mar 2023 02:43
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Bank of England Shuts Down Silicon Valley Bank's UK Branch After US Regulators Close Parent Company
Bitcoin.com - 12 Mar 2023 00:30
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency ...
Regulators Hold Auction for Silicon Valley Bank
Wall Street Journal - 12 Mar 2023 21:32Multifactor authentication: Keeping employee data secure through digital ID management
Venture Beat - 12 Mar 2023 19:10
Leaders must use cybersecurity-focused vendors and identity providers (idPs) that use solutions like multifactor authentication (MFA).
UK urged to 'level up' on subsiding green tech to match US and EU
The Guardian - 12 Mar 2023 14:55
Boss of packaging firm DS Smith calls for clarity on government's long-term plans to decarbonise energy The UK should "level up" its investment in green technologies to match the US and the EU, according to the chief exe...
Bowling for $418? Surge Pricing Creeps Into Restaurants, Movies, Gym Class
Wall Street Journal - 12 Mar 2023 14:43U.K. Offers Aid to Silicon Valley Bank Customers
Wall Street Journal - 12 Mar 2023 14:05
The U.K. Treasury says that it wants to minimize damage to promising companies.
How a laid-off worker used TikTok to find a new job: 'You have to look at non-traditional ways of making those connections'
Business Insider - 12 Mar 2023 13:40
A comment about a job referral on one of Antrell Vining's TikTok videos helped him get a new job after being let go from a major bank.
South African Rand Plunges to New 2023 Low Versus the US Dollar
Bitcoin.com - 12 Mar 2023 12:30
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortag...