A Swiss regulator's decision to prioritise shareholder value over certain bondholders in the forced takeover of Credit Suisse could result in legal action, a law.. Sky News
Swiss Officials , Reach Emergency Deal , to Save Credit Suisse.
On March 19, Swiss officials announced
a last-minute deal for an emergency takeover of
the troubled Credit Suisse by fellow banking titan UBS.
On March 19, Swiss officials announced
a last-minute deal for an emergency takeover of
the troubled Credit Suisse by fellow banking titan UBS.
NPR reports that Swiss president Alain Berset
announced the deal, claiming it was critical
for stabilizing the global banking sector.
NPR reports that Swiss president Alain Berset
announced the deal, claiming it was critical
for stabilizing the global banking sector.
According to the deal, UBS Group AG
will make an all stock purchase
of $3 billion for Credit Suisse.
According to the deal, UBS Group AG
will make an all stock purchase
of $3 billion for Credit Suisse.
As an additional bonus to the deal,
the Swiss central bank will also reportedly
give UBS an extra $100 billion. .
NPR reports that the last-minute emergency takeover
of Credit Suisse comes as the latest evidence
of ongoing banking troubles that began with , the collapse of Silicon Valley Bank. .
NPR reports that the last-minute emergency takeover
of Credit Suisse comes as the latest evidence
of ongoing banking troubles that began with , the collapse of Silicon Valley Bank. .
Prior to the latest deal being reached,
the Swiss central bank had attempted to save
Credit Suisse with a $54 billion lifeline loan. .
Prior to the latest deal being reached,
the Swiss central bank had attempted to save
Credit Suisse with a $54 billion lifeline loan. .
However, the sizable loan
was not enough to stabilize
the faltering financial institution.
NPR reports that the most worrisome aspects of
Credit Suisse's recent troubles is that the bank is
known as a "global systemically important bank.".
According to NPR, this means that the potential
failure of Credit Suisse has the ability to send
shockwaves throughout the global economy. .
Before becoming one of the most significant banks in
the world, Credit Suisse was formed to help finance
Switzerland's burgeoning rail network 166 years ago. .
Before becoming one of the most significant banks in
the world, Credit Suisse was formed to help finance
Switzerland's burgeoning rail network 166 years ago.
Credit: Wibbitz Top Stories Duration: 01:31Published
Finland has once again topped the World Happiness Report which was released this morning, and measures social support, income, health, freedom, generosity and the absence of corruption to determine a country's national happiness. Finland has topped the list for a sixth year in a row, followed by Denmark, Iceland, Israel, the Netherlands, Sweden, Norway, Switzerland, Luxembourg and New Zealand. According to the report, India ranks at 125th position out of 136 countries, making it one of the least happy countries in the world. It even lags behind its neighbouring nations like Nepal, China, Bangladesh and Sri Lanka. At the very bottom of the list is Afghanistan at 137th position.
#InternationalDayOfHappiness #HappinessIndex #Finland
Greek Prime Minister Kyriakos Mitsotakis has called a general election for May following angry mass protests over February's rail disaster which killed 57 people.
Credit: euronews (in English) Duration: 00:35Published
The 4 percent reservation given to Muslims under 2B classification of the OBC category will now be divided into two equal parts and added to the existing quota.. DNA
Ramadan, , the Islamic Holy Month, , Begins.
To mark the start of Ramadan,
approximately 1.8 billion Muslims will begin
to celebrate around the world this week. .
'Courier Journal' reports
that Ramadan is the traditional
holy month of Islam.
Celebrations for the holiday
include fasting, prayer and reflection.
By the year 2060, the number
of people who celebrate Ramadan
is expected to grow to reach 3 billion. .
According to the Islamic Networks Group, the holy
ninth month of the religion's calendar is marked by
abstaining from food and drink while the sun is up.
The website states that the time of fasting is dedicated to , "drawing closer to God and cultivating self-control,
gratitude and compassion for those less fortunate.".
According to the site, Muslims also mark Ramadan
by devoting extra time for prayer and fostering an , "intense spiritual rejuvenation with
a heightened focus on devotion." .
In the United States, Ramadan
starts on March 22, 2023, and will
be celebrated through April 21. .
The conclusion of the holy month
is marked by Eid al-Fitr, or
the "Festival of the Breaking of the Fast.".
The day is celebrated by gathering for "a special
prayer and sermon" in the morning and visiting with family and friends for "socializing, eating and reuniting
with old acquaintances."
Credit: Wibbitz Top Stories Duration: 01:31Published
Everton midfielder Abdoulaye Doucoure speaks to BBC Sport about his faith as a Muslim, fasting during Ramadan and his relationship with team-mates Amadou Onana.. BBC Sport
Israeli Prime Minister Benjamin Netanyahu departs from 10 Downing Street after meeting with Rishi Sunak this morning. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Defend Israeli Democracy stage a protest on Whitehall as Israeli Prime Minister Benjamin Netanyahu meets with Rishi Sunak. The protesters say Netanyahu is discriminating minorities and attempting to politicise the judicial system. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Israeli Prime Minister Benjamin Netanyahu meets with Rishi Sunak at 10 Downing Street this morning. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Israeli PM Benjamin Netanyahu faced noisy protests as he arrived at Downing Street in opposition to his domestic legal overhaul, which critics argue threatens a.. Sky News
7 Little-Known , Black History Facts.
1. Shirley Chisholm, She was the first Black woman elected to Congress and survived multiple assassination attempts when she ran for President of the United States.
2. John Baxter Taylor , He was the first African American
to win an Olympic gold medal.
3. Billie Holiday, Her song, "Strange Fruit," was originally published as a poem by Abel Meeropol, a Jewish school teacher.
4. Hattie McDaniel, The first African American to win an Oscar, McDaniel wasn't allowed to attend the premiere of 'Gone with the Wind.'.
5. Phillis Wheatley, At only 12 years old, she became the
first published African American female author.
6. Josephine Baker , The famed entertainer worked as a
French Resistance spy during World War II.
7. Black History Month , It was decreed a national observance in
1976 by President Gerald Ford
Credit: Wibbitz Top Stories Duration: 00:54Published
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