Prime Minister Rishi Sunak insisted there is no contagion risk to UK banks after the collapse of Silicon Valley Bank, as the government works “at pace” to find a way to ring fence the country’s technology and life sciences industries.
In the aftermath of the collapse of Silicon Valley Bank, here’s what authorities, technology companies and major investors are doing around the world.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices.
Saudi Arabia’s wealth fund has named former Etihad Aviation Group boss Tony Douglas chief executive officer of a new national airline, as the country looks to boost tourism and diversify the economy from oil.
Russian missiles and artillery have destroyed more than 152,000 residential buildings since the start of the invasion, Ukrainian Interior Minister Ihor Klymenko said in a televised interview.
India will not breach Western sanctions on Russia including the price cap of $60 imposed on purchases of oil from Moscow, according to people familiar with the matter.
Iran’s judiciary said the execution of Habib Farajollah Chaab, a Swedish-Iranian dissident accused of playing a role in a 2018 gun attack, will go ahead.
Czech consumer price growth has begun to slow and the trend will continue in the coming months, central bank Governor Ales Michl said in a statement.
Crumbling infrastructure and overstretched services are symbols of Britain’s economic stagnation since the 2016 Brexit vote
The UK’s Universities Superannuation Scheme and Borders to Coast plan to vote against the renewal of some directors at Shell Plc and BP Plc at their annual meetings if the companies don’t improve their commitments to carbon emission reductions, the Financial Times reported, citing representatives from pension funds.
