Nearly $100 billion in deposits pulled from banks; officials call system ‘sound and resilient’
Regulators again assured the public that the system is safe, as data showed customers pulled nearly $100 billion in deposits.
Deutsche Bank shares slide 14% after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell 14% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe’s banks persisted.
North Korea claims sea drone capable of unleashing “radioactive tsunami”
North Korea claims test of nuclear device North Korea claimed Friday to have tested an underwater attack drone capable of unleashing a “super-scale radioactive tsunami” if armed with a nuclear …
Bank of England hikes interest rates by 25 basis points after inflation surprises
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
Berlin holds funeral for human bone fragments held by the Nazis
Survivors of Mengele’s twin experiments Construction workers made a grisly discovery in 2014 during excavation work on the grounds of Berlin’s Freie Universitaet: fragments of human bones. Over the next …
“Narco sub” seized in Pacific with hundreds of cocaine packages labeled “Rocky”
Colombia finds 2 bodies, cocaine on submarine A semi-submersible vessel carrying nearly 1,000 packages of cocaine was intercepted in the Pacific Ocean off the coast of Colombia, the country’s navy …
UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation unexpectedly jumped in February as food and energy bills continued to soar, placing further pressure on households.
‘A financial banana republic’: UBS-Credit Suisse deal puts Switzerland’s reputation on the line
The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland’s reputation for stability.
Afghan schoolyear begins with empty classrooms under Taliban rule
SOLA: Educating Afghanistan’s girls Kabul — Afghanistan’s schools reopened Tuesday for the new academic year, but no classes were held as students were unaware of the start and hundreds of …
China’s Xi visits Moscow to meet with Putin as Ukraine war rages
Xi to meet with Putin in Russia China’s President Xi Jinping arrived Monday in Moscow for his first visit to Russia since his counterpart Vladimir Putin launched his invasion of …