President Joe Biden called on Congress to give regulators more authority to repay and punish executives at distressed banks “whose mismanagement caused the institution to fail.” “No one is above the law – and strengthening accountability is an important deterrent…
The day when Volkswagen rolled out the red carpet for Elon Musk was a wonderful day. In Herbert Diess, the former CEO of the automaker created a friendly rivalry with the charismatic Tesla entrepreneur that saw the two defend each…
Bitcoin hit a nine-month high on Friday as crypto traders moved funds away from banks and warmed to rapidly changing interest rate expectations. The dollar-denominated price of the original and largest crypto coin has risen more than 30 percent this…
Former US President Donald Trump comments on education as he holds a campaign rally with supporters, in Davenport, Iowa, US March 13, 2023. Jonathan Ernst Reuters Google– owned Youtube will allow the account of former President Donald Trump to post…
The parent of Silicon Valley Bank, which was seized last week by the US, filed for Chapter 11 bankruptcy protection. SVB Financial Group, along with its CEO and chief financial officer, were targeted this week in a class-action lawsuit alleging…
Michael Heseltine is a little late, his car detained by a slow-moving “handmaid’s march” protest in Piccadilly, staged by red-caped women. When he enters the restaurant, tall, unstooped, his famous mane swept back, diners’ heads turn. Hezza, “Tarzan”, Margaret Thatcher’s…
Rolls-Royce has been working on the Micro-Reactor program “to develop the technology that will provide the power humans need to live and work on the Moon.” Lorenzo Di Cola Nurphoto Getty Images LONDON – Britain’s space agency said Friday it…
The heads of Silicon Valley Bank and First Republic Bank tried to influence the US government to take a softer regulatory approach to the financial sector in the months before last week’s crisis in the financial sector, as lawmakers questioned…
European stocks rallied in early trading on Friday, as a rescue package for shore up struggling US lender First Republic Bank restored the measure of confidence in the bank’s shares. The region-wide Stoxx 600 rose 1 percent, while Germany’s Dax…
Russian President Vladimir Putin speaks with Chinese President Xi Jinping during the Shanghai Cooperation Organization leaders’ summit in Samarkand on September 16, 2022. Sergei Bobylyov AFP Getty Images BEIJING – Chinese President Xi Jinping will visit Russia from March 20…