FIRST REPUBLIC SHARES HIT RECORD LOW AFTER DEPOSITORS PULL $100BN

Wed 26 Apr 2023: First Republic Bank’s shares have plunged to a record low after the lender announced that depositors withdrew more than $100bn, prompting fears of further bank collapses after the failures of Silicon Valley Bank and Signature Bank. First Republic’s stock closed down nearly 50 percent on Tuesday, after the San Francisco-based lender […]

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US DEFAULT ON DEBT WILL TRIGGER AN ‘ECONOMIC CATASTROPHE’: YELLEN

Wed 26 Apr 2023: US Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government’s debt ceiling – and the resulting default – would trigger an “economic catastrophe” that would send interest rates higher for years to come. Yellen, in remarks prepared for a Washington event with business executives from California, said […]

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CIRCUMSTANCES ‘NOT IN FAVOR’ OF EXTENDING BLACK SEA GRAIN DEAL, SAYS KREMLIN

Tue 25 Apr 2023: The Kremlin on Tuesday said that circumstances are “not in favor” of extending the Black Sea grain deal. “Despite the fact that so much time has passed, it has not yet been completed, it has not acquired a ‘package’ nature. The conditions that concerned us have not been implemented. Therefore, the […]

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UK’S INDEPENDENT INQUIRY BEGINS HEARING ON EXTRAJUDICIAL KILLINGS IN AFGHANISTAN

Tue 25 Apr 2023: The independent inquiry relating to extrajudicial killings in Afghanistan on Tuesday held its first open preliminary hearing at the Royal Courts of Justice in London. The session, which lasted for half an hour, focused on whether extrajudicial killings were carried out by British armed forces in Afghanistan between 2010 and 2013. […]

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SOUTH AFRICA’S RAMAPHOSA SAYS GOVERNING PARTY WANTS ICC EXIT

Tue 25 Apr 2023: President Cyril Ramaphosa has said the governing African National Congress (ANC) party had resolved that South Africa should quit the International Criminal Court, which last month issued an arrest warrant against Russian President Vladimir Putin. The warrant against Putin in March means Pretoria, due to host the BRICS (Brazil, Russia, India, China and […]

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“THE WORLD IS SICK AND QUITE PROBABLY IS ON THE VERGE OF A NEW WORLD WAR”, PUTIN ALLY MEDVEDEV SAYS

Tue 25 Apr 2023: On Tuesday, a trusted associate of Russian President Vladimir Putin warned that the world was likely on the brink of a second world war, and that the risks of a nuclear conflict were also rising, though neither eventuality was unavoidable, Anadolu Agency reported. Opponents should not underestimate Russia’s will, said Medvedev, […]

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MAJOR DEFENCE OVERHAUL IS UNVEILED BY AUSTRALIA SINCE WORLD WAR II

The review recommended Australia improve its long-range strike capability and its ability to operate from its northern bases [Handout/Australian Defence Forces] Tue 25 Apr 2023: Australia has said the acquisition of nuclear-powered submarines, long-range strike capabilities and its northern bases will be among the country’s six priority areas after a major review of its defence […]

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INDIAN WRESTLERS DEMAND ARREST OF FEDERATION CHIEF AT SIT-IN OVER SEXUAL ABUSE CLAIMS

Tue 25 Apr 2023: India’s top wrestlers have returned to the streets of New Delhi to protest against their federation chief and demand his “immediate arrest” after accusing him of sexually harassing several female athletes. They have also asked the country’s top court for the registration of a first information report against Wrestling Federation of India (WFI) […]

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