London CNN — On March 10, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run. Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender before US regulators intervened […]
London CNN — The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses. “The Bank of Canada, the Bank of England, the Bank of Japan, the […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — With just a few days to go until the Federal Reserve’s next interest rate […]
Hong Kong CNN — New Zealand will ban TikTok on all devices with access to its parliament by the end of this month, becoming the latest country to impose an official bar on the popular social media platform owned by a Beijing-based tech conglomerate. Led by the United States, a growing number of Western nations […]
Tokyo Reuters — The Bank of Japan (BOJ) maintained ultra-low interest rates on Friday and held off making changes to its controversial bond yield control policy, leaving options open ahead of a leadership transition in April. Though widely expected by most analysts, the decision sent the yen and local bond yields tumbling as some investors […]
CNN — The US transferred an alleged al Qaeda bomb maker from Guantanamo Bay to Saudi Arabia, the Defense Department announced Wednesday, part of the Biden administration’s ongoing efforts to close the prison facility. Ghassan Al Sharbi, a 48-year-old Saudi native who has been held in detention at Guantanamo Bay for 20 years, was sent […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN — The US Department of Energy’s assessment that Covid-19 most likely emerged due to a laboratory […]
New Delhi CNN — Foreign ministers from the world’s biggest economies have convened in New Delhi, setting the stage for a grand test in Indian diplomacy as it attempts to navigate tensions over Russia’s brutal and unprovoked invasion of Ukraine. In the second high-level ministerial meeting under India’s Group of 20 (G20) presidency this year, […]
CNN — When a strange white sphere appeared in the skies above the Andaman and Nicobar Islands in January 2022, it swiftly became a talking point in this sleepy Indian Ocean archipelago of 430,000 people. Hundreds of members of the public spotted the strange object, which looked a little like a full moon, and were […]
London CNN — A former security guard at the British embassy in Berlin was sentenced to more than 13 years in prison at the Old Bailey in London on Friday after being caught spying for Russia. Judge Mark Wall said 58-year-old David Ballantyne Smith had collected information from the British embassy “by stealth” between 2018 […]