SVB Financial Group shares extended their plunge before being halted in premarket trading for pending news as prominent venture capitalists recommended companies withdraw their money from the lender, sparking further worries over its financial health and liquidity in the wider banking sector.
The governor of the earthquake-hit province of Adiyaman in Turkey resigned from his post, becoming the first official to step down after the devastating earthquakes that struck the country’s southeast on Feb. 6.
Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
Great Wall Motor Co., the maker of Haval SUVs and pickup trucks, unveiled its new energy vehicle strategy Friday evening, pledging to double down on plug-in hybrid electric technology and becoming the latest traditional Chinese auto company to play catchup as the shift toward cleaner cars accelerates.
A group of UK lawmakers wants private creditors to be forced to participate in debt-relief programs for poor countries, and has proposed enshrining such a requirement in legislation.
A new series from the writer of Contagion dramatizes life in the not-so-distant future on a warming planet.
When Covid-19 vaccines first gained approval two years ago, Pfizer Inc. and Moderna Inc. didn’t have to worry about demand. Now, billions of dollars ride on a picture that is murkier than ever.
Loyalty Ventures Inc., an operator of consumer rewards programs, filed for bankruptcy with plans to sell Canada’s Air Miles Reward Program to Bank of Montreal.
A gunman killed seven people and himself and wounded eight others in a shooting at a building used by Jehovah’s Witnesses in the northern German city of Hamburg, an incident Chancellor Olaf Scholz condemned as “a brutal act of violence.”
A British amateur jockey has bought part of an unfinished real estate project in London’s east end after Chinese plans to turn it into a vast business hub collapsed.
