The United States Federal Deposit Insurance Corporation (FDIC) seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual at the height of the 2008 financial crisis. The bank failed after depositors, mostly technology workers and venture capital-backed companies, […]
Day: March 10, 2023
Colombia, ELN rebels hail progress in second round of peace talks
Colombia’s government and the left-wing National Liberation Army (ELN) rebel group have hailed progress in their efforts to end decades of armed conflict in the South American nation, as a second round of peace talks concluded in Mexico City. The negotiations come as part of […]
After political violence, Peru reckons with economic fallout
Lima, Peru — The anti-government protests that killed dozens and dealt body blows to some of Peru’s most critical sectors are starting to wane but they have left their mark on the country’s economy. Operations in the country’s copper-rich south are steadily ramping up and […]
US legislators approve COVID origins intel declassification
The United States House of Representatives has unanimously approved a bill that would require government intelligence agencies to declassify information related to the origins of COVID-19. The sweeping bipartisan measure was approved on Friday with 419 votes in favour, and zero opposed. The bill now […]
Ukraine says Bakhmut battle grinding down Russia’s best units
Ukraine has decided to fight on in the ruined city of Bakhmut because the battle is pinning down Russia’s best units in advance of a planned Ukrainian spring counteroffensive, an aide to President Volodymyr Zelenskyy has said. The comments by Mykhailo Podolyak on Friday were […]
Italy launches rescue for hundreds of refugees on boats
The Italian coastguard has launched multiple rescue operations to save hundreds of refugees packed aboard boats off the Calabria region, less than two weeks after at least 73 people drowned in a shipwreck. “The rescue operations … are particularly complex due to the large number […]
As President Xi begins a third term, what’s next for China?
Xi Jinping has been formally appointed for a third term as China’s president. It may be a ceremonial position, but the man who holds it is by far the most powerful person in the country after he was reaffirmed as head of the Chinese Communist […]
Timeline: Iran and Saudi Arabia, from rivalry to rapprochement
Iran and Saudi Arabia have agreed to restore ties and reopen diplomatic missions after a years-long rift that has fuelled tensions in the Gulf and deepened conflicts from Yemen to Syria. The agreement was reached on Friday during talks in Beijing between top security officials […]
Brazil’s Amazon deforestation again hits record high for February
Deforestation in Brazil’s portion of the Amazon rainforest hit a new record high in February, new data has shown, as President Luiz Inacio Lula da Silva’s administration works to end years of widespread devastation. Satellite monitoring detected 322sq km (124sq miles) of forest cover destroyed […]
Mali postpones constitutional referendum
Mali’s interim government has postponed a constitutional referendum, a key step on the country’s path towards elections meant to restore democracy after a military takeover in 2020. “The transitional government informs national and international opinion that the date of the referendum scheduled for March 19, […]