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
AfDB approves a $114 million loan for Africa’s first EV battery gigafactory in Morocco.
On Friday, the African Development Bank (AfDB) announced that it had authorized a €100 million ($114 million) loan to support the construction of Africa's first
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
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
Europe’s lenders are caught in the global financial crisis, as cheap funds evaporate.
Following a sharp sell-off in American bank shares which led to concerns about the industry’s susceptibility to increasing interest rates, European bank shares slumped on
Hamburg church mass shooting leaves 8 dead, several injured.
Eight persons were killed in a shooting at a Jehovah’s Witnesses hall in Hamburg, Germany, reportedly including the shooter, authorities announced on Friday. Unknown numbers
More Americans are forgoing college with access to jobs and fear of student debt.
Grayson Hart constantly saw a college degree in his future. He went to an excellent high school and was a decent student. He considered becoming
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