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US regulators have shut down the country’s 16th largest bank, in the biggest collapse of a financial institution since the 2008 financial crisis. Silicon Valley Bank failed after depositors – mostly technology workers and venture capital-backed companies – began withdrawing their money, creating a run on the bank. The US Federal Deposit Insurance Corporation (FDIC)
Sky News military analyst, retired Air Vice-Marshal Sean Bell, examines statements made by the head of Russia’s Wagner mercenary group, who are “making limited progress”. This comes after the UK Ministry of Defence claimed Russian soldiers have taken to fighting with shovels. The most “ferocious” fighting continues around the eastern Ukrainian city of Bakhmut. Read
Protected bike lanes — or cycling paths that are physically separated from roadways to keep cars away from more vulnerable micromobility vehicles — are becoming increasingly demanded by a growing population of bike commuters in the US. And in one case, they’re finally being enabled by a surprising source: a cute little electric mini-street sweeper.
7:37 AM ET Jamal CollierESPN MILWAUKEE — DURING A TIMEOUT late in the fourth quarter of a Feb. 24 game against the Miami Heat, Jrue Holiday picked up an orange Gatorade bottle and channeled his inner Backstreet Boy. Holiday had gone to the bench for the final time with 4:30 remaining and his Milwaukee Bucks
Rishi Sunak has arrived in Paris to open a “new chapter” in UK-French relations as he resets ties with President Emmanuel Macron after five rocky years. The prime minister is visiting the Elysee Palace for talks with “Emmanuel” about stopping small boats crossing the Channel, Ukraine, China and greater military cooperation. Mr Sunak and the
Tensions between European telecommunications firms and U.S. Big Tech companies have crested, as telecom bosses mount pressure on regulators to make digital giants fork up some of the cost of building the backbone of the internet. European telcos argue that large internet firms, mainly American, have built their businesses on the back of the multi-billion
The world’s nuclear watchdog has issued a stark warning saying “one day our luck will run out”, after power to Ukraine’s largest nuclear plant was lost following a major Russian missile attack. President Zelenskyy has condemned the overnight assaults, which hit cities right across the country, as concern focuses on the Zaporizhzhia nuclear power plant.
In this article CVX OXY HES PXD PBFS Follow your favorite stocksCREATE FREE ACCOUNT While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as much as some hope, according to Pioneer Natural Resources CEO Scott Sheffield. “We just don’t have