Page 24 - Agencies

Elon Musk offers Twitter employees stock grants of $20 billion: Report

Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social-media platform after the billionaire' s takeover

Deutsche Bank, UBS hit as bank fears spark stress signals in markets

Deutsche Bank shares fell for a third day, dropping more than 12 per cent after a sharp jump in the cost of insuring its bonds against the risk of default

Gold price hits lifetime high of Rs 59,241 amid strong global trends

Spot gold was down 0.6 per cent at $1,976.60 per ounce, as of 6.48 pm India time, while U.S. gold futures rose 0.5 per cent to $1,983.20

Untimely rains continue in several parts of India, farmers count losses

Rains and hailstorm may recede from tomorrow, but might reappear from Mar 24 particularly in North

Farmers urge govt to fulfil commitments as they descend at Ramlila Maidan

Later in the day a 15-member delegation of SKM also met agriculture minister Narendra Singh Tomar in the capital and submitted their charter of demands

UK govt powers up Rolls-Royce's plan to build N-reactor on moon

The UKSA said it wanted to establish a new power source to support systems for communications, life-support and scientific experiments on the Moon

Banking crisis: No Europe contagion after US bank rescues, says ECB

Credit Suisse saw over $450 million in net outflows from its US and European managed funds from March 13 to 15, Morningstar Direct said on Friday

'Will fly wherever law allows': US warns Russia after drone shot down

The Pentagon released a de-classified video on Thursday showing a Russian military jet intercept a US drone downed over the Black Sea two days ago

Court forces police to retreat in battle to arrest Imran Khan

The current volatile political situation in Pakistan has become a factor in delaying a much-needed deal with the Washington-based IMF that may stabilise the cash-strapped country's economy

Brent crude oil slides to below one-year low, gold climbs over 1%

Brent crude fell $3.20, or 4.1 per cent, to $74.25 a barrel after touching $74.01 for its lowest since December 2021

After 'decisive Covid victory', China reopens borders to tourists

Since abandoning Covid Zero, Communist Party has been prioritising a return to strong growth, with China's new Premier Li Qiang calling for more effort to meet a 5 per cent expansion target for 2023

SVB fallout: Apollo, Blackstone, KKR eye US biz for $74-bn loan book

HSBC to inject over $2 bn into SVB Uk unit; Moody's puts First Republic, 5 US banks on downgrade watch

Gaps in commitment, actual investment by China, says Nepal PM Dahal

Nepal's imports from China fell to $1.84 billion in 2022 from $2.38 billion a year ago, while exports totalled $5.39 million, down from $8.37 million in the same period, official data showed

Credit Suisse Group reveals 'material' lapses in financial reporting

Credit Suisse was forced to delay the release of its annual report from last week after the Securities and Exchange Commission raised last-minute queries on cash-flow statements from 2019 and 2020

No federal bailout for Silicon Valley Bank: US Treasury Secy Janet Yellen

US discusses fund to backstop deposits if more banks fail; UK's high-street banks given 24 hours to rescue SVB UK

India, Australia pledge to boost economic and security relations

After the first India-Australia summit talks, Albanese said both sides are looking at firming up the CECA by 2023

25 or 50 basis points will depend on coming economic data: Powell

January US job openings dip, but still high at 10.8 million

Xi Jinping's right hand, Li Qiang to become China's next premier

All eyes are now on Li Qiang, who is favourite to replace Keqiang as Premier. Li is a crony of Xi's from his days in provincial government, having served as Xi's de facto chief of staff

Conflict with America inevitable unless they 'hit the brakes': China

US had been engaging in suppression and containment of China rather than engaging in fair, rule-based competition, Foreign Minister Qin Gang told a news conference

Taliban govt annuls divorces, forces women to return to abusive husbands

The Taliban government adheres to an austere interpretation of Islam and has imposed severe restrictions on women's lives that the United Nations (UN) called "gender-based apartheid"