Economy
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Credit Suisse to borrow up to $54bn amid banking crisis fears
Credit Suisse will borrow up to 50 billion Swiss francs ($54bn) from Switzerland’s central bank to shore up confidence in…
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Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks
A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co…
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How Washington came to rescue the failed US bank – a Silicon Valley Bank deep dive
After a frenetic weekend of round-the-clock briefings, US policymakers took the audacious step of guaranteeing all the deposits of the…
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Amazon targets 2024 launch of first Kuiper internet satellites
Amazon.com plans to launch its first internet satellites to space in the first half of 2024 and offer initial commercial…
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Lebanese lira hits new historic low of 100,000 to the US dollar
Lebanon’s currency hit a new low of 100,000 to the US dollar on Tuesday, according to the unofficial market rates used by…
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European Commission to revamp power market rules, aiming to blunt price spikes
The European Commission is set to propose a revamp of Europe’s electricity market rules on Tuesday, aimed at expanding the…
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Russian ruble soars as US banking intervention hurts dollar
The Russian ruble shrugged off slumping oil prices to rise sharply against the dollar on Monday as US authorities launched…
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US defense budget speeds toward $1 trillion, with China in mind
The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in…
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US welcomes Saudi Arabia-Boeing deals worth $37 bln
The White House on Tuesday welcomed the recent “landmark deals” between Saudi Arabia and Boeing worth $37 billion. “Our administration looks forward…
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Saudi Arabia deposit of $5 bln enters Turkish central bank accounts: Bankers
A deposit of $5 billion from the Saudi Fund for Development (SFD) entered the accounts of the Turkish Central Bank…
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