By Reuters – published by US News & World Report, and INN News MULTI-BILLION dollar lifelines for troubled US and European banks shored up investor confidence on Friday (Mar. 17) and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted. Large US banks injected
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Credit Suisse shares sink as top shareholder rules out more cash
By Agencies and published by CNA Paris – Credit Suisse lost almost a quarter of its value on Wednesday (Mar. 15), dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance. “We cannot, because we would go above 10 percent. It’s a
Read moreSVB shockwaves rattle global banks in grip of contagion fears
By Reuters – published by Yahoo!news and Matichon SILICON Valley Bank’s collapse pressured global bank stocks further today (Mar. 14) as investors fretted over the financial health of some lenders, in spite of assurances from US President Joe Biden and other policymakers. An indicator of credit risk in the eurozone banking system leapt to
Read moreCovid count reaches around 2,800-3,889 a day in Thailand
A CHULALONGKORN University Faculty of Medicine doctor today (Feb. 14) estimated that the daily Covid-19 tally was approximately 2,800-3,889 during the week Feb. 5-11, 2023 while warning people to continue being careful, Naewna newspaper said. Dr. Thira Woratanarat also said on his personal Facebook page that there were 392 hospital admissions and 12 deaths
Read moreWorld Bank sees sharp world growth slowdown
By Reuters staff, published by Channel NewsAsia Washington – The World Bank today (Jan. 11) cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new Covid-19 variants threatened the recovery in developing economies. It said global growth is expected
Read moreCountries back global minimum corporate tax of 15%
By Reuters Staff, published by The Straits Times Paris – Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15 per cent, they said on Thursday (July 1) after two days of talks.
Read moreMultiple global websites down amid widespread Internet outage
By Channel NewsAsia and agencies SEVERAL international websites were down today (June 8), including Amazon, Reddit, CNN, The Guardian and The New York Times. Error messages appeared on the websites at around 1000 GMT (5pm Thai time). Some reports pointed to a glitch at US-based cloud computing services provider Fastly. Most of Fastly’s coverage areas
Read moreThailand ranks fourth in Covid-19 response
Thailand’s success in containing the coronavirus pandemic has earned it fourth place in a global ranking by an Australian think tank. Overall, Asia-Pacific nations have been the most successful at containing the coronavirus pandemic, according to the Sydney-based Lowy Institute. Lowly used publicly available data to evaluate and rank 97 countries and a region in their coronavirus
Read moreIMF sees ‘exceptional uncertainty’
WASHINGTON (Reuters) – The International Monetary Fund on Jan 26 raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year would be nearly a full percentage point less severe than expected. It said multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes
Read moreAirbnb announces a ‘global party ban’ for public health reasons
By CNBC AIRBNB announced today (August 20) a global ban on all parties and events at its listings for health reasons. The home-sharing platform, which made the announcement in a blog post today, said it would also introduce a property occupancy cap of 16 people. “Instituting a global ban on parties and events is in
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