Tag Archives: News

News: South Korea-Japan Summit In Tokyo, Finland NATO Membership Status

March 16, 2023: As the leaders of South Korea and Japan meet in Tokyo, are we entering a new era in relations? Plus: Ankara hints at ratifying Finland’s Nato bid, a flick through the day’s papers and the latest film news.

Front Page: The New York Times – March 16, 2023

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Bank Fears Go Global, Sending a Shudder Through Markets

CREDITBILL MARSH/THE NEW YORK TIMES

Stomach-churning volatility in stocks, bonds and other assets on Wednesday reflected renewed worries about the state of the economy and the risks lurking in the financial system.

Federal Reserve and Lawmakers Eye Bank Rules After Collapse

The stunning demise of Silicon Valley Bank has spurred soul-searching about how large and regional banks are overseen.

Credit Suisse to Borrow Up to $54 Billion From Central Bank

The announcement came after investors, fearing that the bank would run out of money, began dumping its stock.

Seaweed Is Having Its Moment in the Sun

Seaweed is being reimagined as a plastic substitute, even as cattle feed. But can it thrive in a warming world?

News: Blinken Travels To Ethiopia, Pakistan Clashes, Russia Downs U.S. Drone

March 15, 2023: Antony Blinken heads to Addis Ababa. Plus: violent clashes break out in Pakistan, Indonesia’s tourist motorbike ban, the latest business news and we head to Frankfurt for the world’s biggest bathroom gathering.

Front Page: The New York Times – March 15, 2023

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Russian Warplane Hits American Drone Over Black Sea, U.S. Says

The MQ-9 Reaper drone is a staple of the United States’ military air fleet and is used both for surveillance and for attacks.

The incident was the first known physical contact between the two militaries since the war in Ukraine began last year.

Stubborn inflation makes the Fed’s interest rate decision fraught.

CREDIT

The Consumer Price Index cooled to a 6 percent annual increase in February, but a closely watched monthly index climbed quickly.

Inside the Collapse of Silicon Valley Bank

While its leader extolled innovation and the future of tech, the bank paid less attention to risk management and was caught flat-footed by economic change.

How Washington Decided to Rescue Silicon Valley Bank

Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.

News: U.S. Banking Failure Fallout, Moldova Foils Russian-Backed Unrest

March 14, 2023: Following the collapse of Silicon Valley Bank and Signature Bank, is Joe Biden facing a crisis of confidence in US financial institutions?

Plus: political turbulence in Moldova, Nicaragua’s decision to suspend relations with the Vatican and a special interview with Estonia’s former president Toomas Hendrik Ilves.

Front Page: The New York Times – March 14, 2023

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Regional Banks Slammed by Fear of a Broader Financial Crisis

Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.

Back-to-Back Bank Collapses Came After Deregulatory Push

On Sunday, regulators shut down Signature Bank, fearing that a sudden exodus of deposits had left it on dangerous footing.

Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.

Federal Reserve’s Path Is Murkier After Bank Blowup

The Fed has been rapidly raising interest rates to fight inflation. But making big moves could be trickier amid instability.

‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor

In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates’ biggest city, wealthy Russians can build a new life without having to cut ties to their home country.

News: Biden Meets EU’s Von Der Leyen, China’s Motives, SVB Bank, Nigeria Fallout

March 13, 2023: What’s China’s standing with the West after US president Joe Biden and European Commission president Ursula von der Leyen meet in Washington? Plus: unpacking the Nigeria elections fallout, a roundup of Asia-Pacific papers and all the winners and surprises on Hollywood’s biggest night.

Front Page: The New York Times – March 13, 2023

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Regulators Close Another Bank and Move to Protect Deposits

The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from Silicon Valley Bank’s collapse, and said taxpayers would not bear the costs.

U.S. Steps In to Protect All Deposits at Silicon Valley Bank

Regulators also moved to contain damage, closing another bank. The Bank of England said HSBC would buy the British subsidiary of Silicon Valley Bank.

Ukraine Steps Up Calls for Evacuation of Kupiansk Under Relentless Russian Shelling

Attacks on the northeast town in the Kharkiv region of Ukraine continued on Sunday.

War in Ukraine Puts Centuries of Swiss Neutrality to the Test

The Alpine state makes arms that Western allies want to send to Kyiv. Swiss law bans this, driving a national debate about whether its concept of neutrality should change.

UPenn Accuses a Law Professor of Racist Statements. Should She Be Fired?

Amy Wax and free speech groups say the university is trampling on her academic freedom. Students ask whether her speech deserves to be protected.

Front Page: The New York Times – March 12, 2023

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Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska

The decision would allow an enormous $8 billion drilling project in the largest expanse of pristine wilderness in the United States.

Inside the Global Race to Turn Water Into Fuel

Hundreds of billions of dollars are being invested in a high-tech gamble to make hydrogen clean, cheap and widely available. In Australia’s Outback, that starts with 10 million new solar panels.

Chinese-Brokered Deal Upends Mideast Diplomacy and Challenges U.S.

The agreement negotiated in Beijing to restore relations between Saudi Arabia and Iran signaled at least a temporary reordering of the usual alliances and rivalries, with Washington left on the sidelines.

Fox’s P.R. Woes May Not Directly Translate to Legal Ones

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.