JP Morgan Chase has taken over the troubled US bank First Republic in a deal brokered by regulators. The Wall Street giant said it would pay $10.6bn (£8.5bn) to the Federal Insurance Deposit Corp (FIDC), after officials shut down the … Read More
Greetings from Tyler, Iran seized an oil tanker, fully loaded and bound for Texas. That’s when a helicopter dropped a bunch of commandos and steered the ship back toward Iran. They claim that there was a collision with another ship. … Read More
A long-range Chinese combat drone capable of carrying a large weapons payload has circled Taiwan, the island’s defence ministry said Friday. ADVERTISING Democratic Taiwan lives under constant threat of an attack by Beijing, which views the island as part of … Read More
After months of negotiations and two years after draft rules were proposed, EU lawmakers have reached an agreement and passed a draft of the Artificial Intelligence (AI) Act, which would be the first set of comprehensive laws related to AI … Read More
BUENOS AIRES, April 26 (Reuters) – Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country’s dwindling dollar reserves. In April, it aims to pay … Read More
This was the first time the two leaders have spoken since the start of the Russian invasion on 24 February 2022. Ukrainian President Volodymyr Zelenskyy has had his first phone call since the start of the war with Xi Jinping, … Read More
The Pope will for the first time allow women to vote at an influential global meeting of bishops in October – a move that has been welcomed as a historic first. The new rules announced on Wednesday will give five … Read More
(Bloomberg) — The fate of First Republic Bank has become a game of chicken between the US government and the lender’s largest rivals, with both sides seeking to avoid steep losses and hoping the other will handle the troubled firm. … Read More
Officials say they don’t know who is behind the occupation of the National Public Health Laboratory. The World Health Organization is warning about a “high risk of biological hazard” at a Sudan laboratory of which one of the warring factions … Read More
British American Tobacco is to pay $635m (£512m) plus interest to US authorities after a subsidiary admitted selling cigarettes to North Korea in violation of sanctions. The US authorities said the settlement related to BAT activity in North Korea between … Read More