New York CNN — Right now, $250,000 seems to be the number on everyone’s minds. That’s the Federal Deposit Insurance Corporation’s standard limit, meaning any bank deposits up to that amount are protected by the independent government agency. Before the recent collapse of Silicon Valley Bank and Signature Bank, most Americans were not worried about […]
CNN — The United Nations and United States on Wednesday added to international outrage over a hardline bill passed by Ugandan lawmakers that criminalizes simply identifying as LGBTQ+, prescribes a life sentence for convicted homosexuals and a death penalty for “aggravated homosexuality.” The UN’s High Commissioner for Human Rights asked Ugandan President Yoweri Museveni not […]
New York CNN — The Federal Reserve and its chairman, Jerome Powell, are facing a legacy-defining moment as their two-day monetary policy meeting concludes on Wednesday. The mission? Slay the inflation dragon without singeing the banking system. Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at […]
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 […]
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 […]
CNN — The US has seen a “significant spike” in aggressive Russian military flights in Syria this month, the commander of US Central Command said Thursday, two days after Russian jets harassed and collided with a US drone over the Black Sea. Gen. Erik Kurilla told a Senate Armed Services Committee hearing that Russian ground-attack […]
Washington CNN — The United Kingdom banned TikTok from official government devices on Thursday, adding to similar restrictions imposed by allies in Canada, the European Union and the United States. The social media app is not widely used by UK officials, according to a government announcement, but the measure reflects concerns about TikTok’s links to […]
CNN — US Secretary of State Antony Blinken on Wednesday pressed Ethiopian Prime Minister Abiy Ahmed on accountability for atrocities committed by all parties throughout the yearslong conflict in northern Ethiopia. The secretary of state and the prime minister met for roughly two and a half hours in the Ethiopian capital of Addis Ababa during […]
New York CNN — Chinese billionaire and proclaimed dissident Guo Wengui was arrested Wednesday and charged with defrauding thousands of followers out of more than $1 billion through complex investment schemes, US prosecutors announced Wednesday. Wengui, a staunch critic of the Chinese government who is exiled in Manhattan and close to former Donald Trump adviser […]