Silicon Valley Bank Failure Biggest Since 2008
On Friday, the Federal Deposit Insurance Corp. announced that financial regulators had closed Silicon Valley Bank (SVB) and seized its deposits, in the largest US bank failure since the 2008…
German Heating Not Ready To Go 100% Electric, According To Industry
Heating system suppliers in Germany have told the government that they are capable of producing electric heat pumps on a large scale for household installations to replace oil and gas…
Jobs Report Comes In Hot
According to the Bureau of Labor Statistics, the US economy added 300,000 non-farm jobs in February. Economists had predicted there would be a gain of 225,000 jobs added over the…
US To Partner With India On Chip Manufacture
On Thursday while traveling through India, US Commerce Secretary Gina Raimondo revealed that the United States and India will sign a memorandum of understanding on the production of semiconductor chips.…
Poland Sees Shoplifting Soar As Inflation Accelerates
In Poland, shoplifting crimes have increased by almost a third in 2022, according to a new report from the newspaper Rzeczpospolita on Thursday, which cited police data. On an annual…
Netherlands Agrees To Limit Tech Exports To China
On Thursday, Reuters reported that the Netherlands will restrict semiconductor exports to China, after being pressured by the United States government to join it in seeking to limit Beijing’s access…
IEA Head Warns Europe The Era Of Cheap Fuel Is Over
Fatih Birol, the head of the International Energy Agency (IEA) has warned that the price of energy in the European Union is set to rise much higher in the future,…
Binance Bans Russian Accounts From Trading Dollars Or Euros
According to media reports on Wednesday, Binance, which holds the title of the world’ largest cryptocurrency trading platform by volume, has banned users based in Russia from using its P2P…
Bank Of America Chief Warns US Recession To Begin In Q3
In a recent speech, the head of Bank of America has warned that the US is facing the prospect of an economic downturn which may begin in the third quarter…
Oil Continues To Weaken Off Fed Fears
As investors begin to conclude the Federal Reserve may have to take interest rates higher and faster in its battle with rising prices, the pressure is growing on the outlook…
