Credit Suisse erupts into a full-blown crisis raising recession fears | Explainer | Oneindia News
Video Credit: Oneindia - Duration: 05:32s - Published
Credit Suisse erupts into a full-blown crisis raising recession fears | Explainer | Oneindia News
The threat of financial contagion after the fall of the Silicon Valley Bank and Signature bank seems to be coming real….And perhaps it is gradually spreading to Europe.
The situation seems grim and ominous in one of the Europe’s mightiest banks.
This time, one of the largest global investment banks of the world, Credit Suisse, seems to be on the verge of collapse….or if not on the verge of collapse, its situation certainly seems to be in the red for the moment.
The bank has said that it is taking a "decisive action" to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its shares intensified fears about a broader bank deposit crisis.
Robert Kiyosaki, an investor, author, and Wall Street analyst who predicted the collapse of Lehman Brothers in 2008, believes that Credit Suisse is on the verge of collapse.
Actually, the underlying problem with Credit Suisse is not something completely new.
Today, we take a look at what exactly is going on with this investment bank and what had happened during last few years that had severely dented its credibility.
But before that, don’t forget to like, share and subscribe to Oneindia.
Amid rising tensions in the West Asia region, Iran has conveyed a message to the US through Switzerland, cautioning that its bases could become targets if Washington supports Israel's retaliatory actions. President Joe Biden, on Saturday, praised American forces for their assistance in intercepting "nearly all" of the drones and missiles launched by Iran, pledging to coordinate an international response to Tehran's unprecedented attack. The Pentagon confirmed that its forces intercepted "dozens of missiles" and drones launched from various locations including Iran, Iraq, Syria, and Yemen, aimed at Israel.
#Iran #Israel #IranStrikesIsrael #IranDroneAttack #IsraelDroneAttack #BenjaminNetanyahu #JoeBiden #IsraelIronDome #IsraelIranConflict #MiddleEastTensions
~PR.152~ED.102~GR.124~
In this edition of State of the Union, we focus on the climate ruling against Switzerland, fairness in the European election campaign and the new EU Migration and Asylum Pact
Credit: euronews (in English) Duration: 07:00Published
International Court Rules Against, Switzerland for Climate-Related , Human Rights Violations.
On April 9, an international court in France
ruled that Switzerland's inability to address
the climate crisis was a violation of human rights.
CNN reports that the ruling represents
a landmark climate decree that
could have a global impact.
The European Court of Human Rights (ECHR) ruled in favor
of over 2,000 Swiss women who argue that the government
has failed to take action to stop climate change.
The ECHR determined that there were "critical gaps"
in Switzerland's efforts to reduce emissions, citing
the government's failure to meet past climate goals. .
The court ruled that the country's failures amount
to a breach of the women's protection from , “the serious adverse effects of climate change
on lives, health, well-being and quality of life.".
CNN reports that the ruling marks
the first time the ECHR has made
an official ruling on climate litigation. .
Today’s rulings against Switzerland
sets a historic precedent that
applies to all European countries. , Gerry Liston, Lawyer at Global Legal Action Network, via CNN.
It means that all European
countries must urgently revise
their targets so that they are
science-based and aligned to
1.5 degrees. This is a massive
win for all generations, Gerry Liston, Lawyer at Global Legal Action Network, via CNN.
The ruling forces Switzerland to more rapidly reduce
the country's reliance on fossil fuels, which have
been identified as a main driver of climate change.
CNN reports that the ruling comes as the world
remains off course for reaching climate goals aimed at
cutting emissions and avoiding catastrophic warming.
Credit: Wibbitz Top Stories Duration: 01:31Published
The decision by a grand jury to indict former US President Donald Trump has put spotlight on a few others apart from Trump himself. One of those is Alvin Bragg the Mahattan DA. He is the one who is..
Deutsche Bank Shares Slide , as Cost of Default Insurance Rises.
Markets Insider reports that Deutsche Bank shares dropped 14% on March 24.
Its U.S.-listed shares dropped 11%
in premarket..
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..
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