Us Experiences Biggest Bank Failures Since Global Financial Crisis
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A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Swiss find Lebanon’s biggest bank guilty of serious money laundering breaches
Finma uncovers millions of francs in unexplained payments by Banque Audi to senior political figuresFinancial Times - Business -
Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s
Specialist insurance market is looking to rebuild a base among private investorsFinancial Times - Business -
'Gray divorce' has doubled since the '90s — and the financial risk is high for women
Americans age 50 and older are divorcing at much higher rates, and women are financially vulnerable.CNBC - Business -
Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch
Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch that allowed customers to take out more money than they had in their accountsABC News - World -
GameStop shares make biggest gain since December ahead of fourth-quarter results
GameStop’s stock ended Monday’s session up 15.4%, registering its largest daily percentage increase since Dec.13, 2023.MarketWatch - Business -
US and Japan plan biggest upgrade to security pact in over 60 years
Biden and Kishida to announce move to counter China at White House meeting next monthFinancial Times - Business - Japan -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
China's property crisis is bleeding into its banking sector, which is being asked to prop up developers
Yahoo News - World - China -
US maritime union sounds alarm over global shipping standards
Marine Engineers’ Beneficial Association warned of the dangers of bigger cargo vessels and smaller crews not at par with US levels. A top labor union for maritime engineers has sounded the alarm against corporate profiteering in the wake of ...The Guardian - World -
US faces Liz Truss-style market shock as debt soars, warns watchdog
Fiscal burden on ‘unprecedented’ path, says independent Congressional Budget Office headFinancial Times - Business - United Kingdom -
Trump taps superfans to make Spacs great again
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubbleFinancial Times - Business - Donald Trump -
Twitter usage in US ‘fallen by a fifth’ since Elon Musk’s takeover
App users for social media site, rebranded as X, down by 23% since November 2022 according to Sensor Tower. Use of Twitter in the US has slumped by more than a fifth since Elon Musk bought the site and rebranded it to X, according to data from ...The Guardian - World - Elon Musk -
Trump aims to outraise Biden-Obama event with $33mn fundraiser
US president’s team says rival star-studded New York gala on Thursday will pull in $25mnFinancial Times - Business - Donald Trump -
AI boom drives global stock markets to best first quarter in 5 years
MSCI index of world stocks rises 7.7% as optimism about US economy offsets expectations of slower rate cutsFinancial Times - Business -
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
Head of London market says disaster may produce largest maritime claim in historyFinancial Times - Business -
Seventeen killed on deadliest day of Israel-Hizbollah conflict
Cross-border fire has ramped up in recent days, fuelling concerns about a broader regional warFinancial Times - World - Israel -
‘The final act’: fears US journalism crisis could destabilize 2024 election
Job losses, declining circulations and local newspaper closures could mean spread of misinformation in pivotal election year. As the election battle between Donald Trump and Joe Biden begins, there are growing fears around the health of the US ...The Guardian - World -
Haiti's rapidly devolving humanitarian crisis needs US intervention
This last chance to escape a national gang takeover hangs by a thread.The Hill - Politics -
More than six in 10 US abortions in 2023 were done by medication — a significant jump since 2020
New research shows that more than six in 10 of the abortions in the United States last year were done through medicationABC News - Health -
A Lesson in DEI Failure From Britain
‘Diversity, equity and inclusion’ costs billions and doesn’t work.The Wall Street Journal - World - United Kingdom -
Federal spending package triples funds aimed at fixing US-Mexico sewage crisis
Congress tripled the funds it will devote this year to cleaning up a cross-border sewage crisis, in a small sliver of the $1.2 trillion spending bill approved at the eleventh hour this weekend. The package, signed by President Biden on Saturday, ...The Hill - Politics -
FirstFT: Larry Fink warns of looming ‘retirement crisis’
Also in today’s newsletter, latest on Baltimore bridge collapse, and Donald Trump’s inner circleFinancial Times - World -
Britain can avoid sleepwalking into a US-style synthetic opioids crisis. Here’s how | Niko Vorobyov
There are better ways of tackling addiction and overdoses than reverting to the tactics of a failed drugs war. Last week the home secretary, James Cleverly, announced that nitazenes are now being treated as class A drugs, his statement bookended ...The Guardian - World -
Middle East crisis live: US and Israel in talks to revive Washington trip to discuss Rafah
Israeli PM had cancelled officials’ US visit to discuss planned offensive in southern Gaza after the US refused to veto a UN security council vote on a ceasefire. See all of our Israel-Gaza war coverage hereThe White House says it is working to ...The Guardian - World - Israel -
Baltimore port crisis: World's largest container ship company, MSC, dumps diverted cargo problem on US companies
Due to the Baltimore bridge collapse, MSC, the world's biggest container ship company, told customers that diverted cargo will become customer responsibility.CNBC - Business -
Sam Bankman-Fried's multibillion dollar FTX fraud
What the Crypto King's fall from grace means for the future of cryptocurrencyBBC News - Top stories - Crypto -
The EU’s giant experiment in tech micromanagement
New Digital Markets Act will be a test case for how far regulators can dictate design of products and servicesFinancial Times - Business -
‘Dune: Part Two’ Is a Religious Experience
Denis Villeneuve's new Dune film has won over longtime fans of Frank Herbert's novel. Still, some purists might need to adjust their expectations.Wired - Tech -
What Will Failure Look Like for Boeing Execs?
They will go out in financial comfort.The Wall Street Journal - World -
Trump’s Financial Squeeze
How the former president’s legal troubles might affect his campaign.The New York Times - Top stories - Donald Trump -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
The battle that betrays Israel’s war plan
Israel’s second raid on al-Shifa hospital has put its military strategy under the spotlightFinancial Times - Business - Israel -
Biggest Takeaways From Building Teams
Eat the Change founder Seth Goldman sees empowering employees as the key to successInc. - Business -
Brazil defeat 'good experiment' for England - Southgate
England manager Gareth Southgate says his side's 1-0 defeat by Brazil was a "good experiment" and a chance to "find out" about the squad's more inexperienced players.BBC News - Top stories - Brazil -
Bases, experiments, mining: the race to protect the surface of the moon
Researchers say ‘global consensus’ is needed within the next few years to protect scientifically important sites. Buzz Aldrin, the second man on the moon, described the landscape he stepped on to as “magnificent desolation”. The Apollo landing ...The Guardian - World -
The Sandbox reaches 1,000 user-generated experiences
The Sandbox has reached a new milestone of 1,000 user-generated experiences on its metaverse platform.VentureBeat - Tech -
Boeing Needs New Leadership With the Right Kind of Experience
A new C.E.O. needs to have lived and breathed complex manufacturing.The New York Times - Top stories -
Women experience a 'motherhood penalty.' For dads, there’s a wage 'bonus'
Often called the "motherhood penalty," caregiving demands still largely fall on women and have shaped their labor force participation and pay.CNBC - Business