Top-Rated TV Host Tucker Carlson Parts Fox News Channel
In a shocking development, the popular U.S. news channel, Fox News, ousted their prime-time anchor Tucker Carlson after his 14-year career on their network on April 24 The network did not cite any reason for the termination.. Carlson was considered the most popular anchor on the network and his removal from Fox News sent shockwaves […]
Trump Blasts Rivals After Arraignment In New York Court
Donald Trump has marked history by becoming the first United States President to face criminal charges and be arrested as he pleaded not guilty to 34 felony counts of falsifying business records in Manhattan Court on April 4. In his first public remarks after arraignment on April 5, former U.S. President Donald Trump condemned the […]
Leaked Pentagon Files State Threat From China
As U.S.-China tensions flare up, China has played a considerable part in the Pentagon documents that leaked online recently and caused a worldwide stir. Massachusetts Air National Guardsman Jack Teixeira posted the secret military documents. The documents revealed on April 14 that China successfully tested a new missile named DF-27, a hypersonic intermediate-range ballistic missile, […]
Japan Government Steps up Efforts to Contain Birth-Rate Crisis
As the sliding birth rate crisis looms in Japan, its government launched the Children and Families Agency on April 1 to oversee child policies, including the issues of tackling child abuse and poverty. According to the Japanese government statistics, the number of babies born in the country in 2022 slid below 800,000, a level reached […]
Amid Threats from China, Taiwan President Visits United States
As U.S-China relations reach their lowest point in a decade, Taiwan’s President Tsai Ing-wen, who’s on her way to Central America, has stopped in New York to reportedly meet with U.S. House Speaker Kevin McCarthy. According to Reuters, before departing Taiwan, Tsai said that she will not succumb to external pressure and would not deter […]
European Banks’ Shares Tank As Leaders Downplay Bank Risks
Fear of a banking crisis looms in Europe as Germany’s largest bank, Deutsche Bank, shares tumbled by 14% on March 24. This contributed to investor nervousness after a series of failures from US banks and the emergency rescue of Credit Suisse this week. The industry sent Deutsche Bank’s shares slumping the most in the last […]
UBS Rescues Credit Suisse in a Swiss Government-Brokered Deal
In one of the biggest bank mergers, The Union Bank of Switzerland, better known as UBS, has taken over the 167-year-old Credit Suisse on March 19 for $3.25 billion. The Switzerland government-backed deal came after a weekend consisting of emergency dialogues between the two banks and the country’s financial regulators. The government-brokered deal was aimed […]
Silicon Valley Bank Crisis: America’s Biggest Bank Failure Since 2008 Financial Crisis
In the largest bank failure since the 2008 financial crisis, the California Department of Financial Protection and Innovation shut down the Silicon Valley Bank and took control of its customer deposits of roughly $175 billion on Saturday, March 11. Following the collapse, the bank was put under the control of the US Federal Deposit Insurance […]
Beijing Hits Out At U.S., Warns Of “Catastrophic Consequences”
In yet another flashpoint between China and the United States, China’s new Foreign Minister, Qin Gang, reprimanded the superpower on March 7 for stoking tensions between the two nations and warned of conflict and confrontation. Speaking during the sidelines of an ongoing National People’s Congress, he said, “If the United States does not hit the […]
Bank Of America Says “AI On Brink Of Revolution”
As the Artificial Intelligence war heats up, with OpenAI’s ChatGPT taking the internet by storm in 2022 and other players like Google and Meta rushing to catch up, financial institutions like Bank of America weigh in on the side of Artificial Intelligence. In a note to clients viewed by CNBC and other outlets on February […]