Business

HSBC buys failed US bank SVB’s UK arm for £1

by Roland JACKSON The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a…

SVB’s demise a sign of worry, but limited contagion risk: analysts

New York, United States | AFP | by Juliette MICHEL The surprisingly rapid implosion of Silicon Valley Bank has markets…

US closes Silicon Valley Bank in biggest collapse since 2008

US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares…

URGENT: SVB shares halted after heavy sell-off in premarket trading

  Washington, United States | AFP | Shares in Silicon Valley Bank, a major lender to the tech industry, were…

Global bank shares sink over US fears

Paris, France | AFP | by Laurent THOMET The world's biggest banks took a stock market beating on Friday as…

Americans buying more vinyl than CDs for first time in decades

Vinyl records continued to translate their retro appeal into a steady resurgence, outselling compact discs last year in terms of…

Asian markets start positively, China shares slump

HONG KONG, China (AFP) -- Asian markets mostly rose on Monday over murmurs that the US Federal Reserve may loosen…

Vaccine maker Novavax says ‘substantial doubt’ over future

WASHINGTON, United States (AFP) -- Covid-19 vaccine maker Novavax raised doubts Tuesday about its ability to continue its business, announcing…

North Korea’s Kim opens key meeting on agriculture

Seoul, South Korea (AFP) -- North Korean leader Kim Jong Un has opened a key party meeting to discuss agricultural…

Blame the warmth: Famed skating rink in Ottawa won’t open this year

Montreal, Canada | AFP | The Rideau Canal Skateway, the world's largest open-air ice rink and a UNESCO World Heritage…

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