As a result of allegations that the Biden administration was urging TikTok’s Chinese owners to sell their shares in the well-known video-sharing app, China accused
Category: WORLD NEWS
Credit Suisse gets bailout of $54b to stem the global financial crisis.
The announcement by Credit Suisse that it would borrow up to $54 billion from the Swiss central bank to support its finances saw its shares
Samsung to invest $230b to build the world’s largest semiconductor cluster.
In an ambitious South Korean national project to establish the largest semiconductor production base in the vicinity of the nation’s capital, Seoul, Samsung Electronics announced
Meta cuts 10,000 jobs in 2nd round of layoffs as Big Tech advert income collapses.
As uncertainty about the state of the world economy hits the technology sector particularly hard, Facebook parent firm Meta is cutting 10,000 jobs, about equal
Silicon Valley Bank was the gold standard for Tech entrepreneurs.
The collapse of Silicon Valley Bank sent shockwaves across the technology sector, which had been the bank’s backbone. Entrepreneurs were grateful for the government bailout
First Republic, Zions Bancorp, Western Alliance, Comerica, UMB Financial, and Intrust Financial Corp face downgrade after SVB collapse. – Moody’s.
On Monday, the rating company Moody’s placed six other US banks’ debt ratings under evaluation for a downgrade and severely reduced the debt ratings of
BoE facilitates HSBC’s takeover of Silicon Valley Bank’s UK arm for $1.21.
After all-night negotiations, HSBC on Monday announced a deal to acquire the U.K. division of the defunct Silicon Valley Bank digital startup lender. HSBC reported
Signature Bank’s failure becomes the 3rd largest in U.S Banking history with $88.9b trapped.
Two days after authorities shut down Silicon Valley Bank in a collapse that left billions in savings unclaimed, state regulators shut down New York-based Signature
Saudi Aramco declares a monster profit of $161b in 2022; the highest ever globally by a PLC.
The world’s largest oil corporation, Saudi Aramco, announced on Sunday that it made $161 billion last year, the highest yearly profit ever recorded by a
Silicon Valley Bank crash triggers global financial crisis with $175b trapped.
On Friday, the startup-focused lender SVB Financial Group had an abrupt collapse that rocked the world’s financial markets and left billions of assets belonging to
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