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Zuckerberg was warned on social media addiction, says court filing

"No one wakes up thinking they want to maximize the number of times they open Instagram that day," one Meta employee wrote in 2021. "But that's exactly what our product teams are trying to do."

Zuckerberg was warned on social media addiction, says court filing
Updated On : 14 Mar 2023 | 9:23 AM IST

Here's what Silicon Valley Bank's collapse means for climate tech

It's the first major headwind to blow against a boom in climate-tech investing that was capped off by incentives in the US Inflation Reduction Act last year

Here's what Silicon Valley Bank's collapse means for climate tech
Updated On : 14 Mar 2023 | 9:20 AM IST

Where will startups turn to now that the Silicon Valley Bank is gone?

Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared

Where will startups turn to now that the Silicon Valley Bank is gone?
Updated On : 14 Mar 2023 | 9:16 AM IST

SVB's collapse drives concern over Japanese banks' exposure to US bonds

SVB's woes have been rooted in tens of billions of dollars it plowed into longer-term bonds, confident that rates would stay steady

SVB's collapse drives concern over Japanese banks' exposure to US bonds
Updated On : 14 Mar 2023 | 9:02 AM IST

After SVB, Signature Bank latest casualty of turmoil in banking sector

Signature Bank, a New York state-chartered commercial bank that's FDIC-insured, had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of Dec. 31

After SVB, Signature Bank latest casualty of turmoil in banking sector
Updated On : 14 Mar 2023 | 12:24 AM IST

HSBC Holdings to buy Silicon Valley Bank's UK arm for £1 in tech repreive

The London-listed lender's "ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1," HSBC said in a statement Monday.

HSBC Holdings to buy Silicon Valley Bank's UK arm for £1 in tech repreive
Updated On : 14 Mar 2023 | 12:11 AM IST

Russia remains India's main arms supplier but imports dip sharply

India has been the world's largest arms importer since 1993 and "tensions with Pakistan and China largely drive its demand for arms imports," the report added

Russia remains India's main arms supplier but imports dip sharply
Updated On : 14 Mar 2023 | 12:08 AM IST

Will Vladimir Putin attend India G20 summit? Russia clears diary

Kremlin defiance is growing as efforts by the US and its allies to isolate Russia over its invasion of Ukraine are stalling in the face of reluctance among other countries to join

Will Vladimir Putin attend India G20 summit? Russia clears diary
Updated On : 13 Mar 2023 | 10:13 PM IST

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

SVB collapse brings Softbank's startup financing under investors' lens
Updated On : 13 Mar 2023 | 2:38 PM IST

SVB: Indian banks stand out amid 'global gloom and doom', says Macquarie

"Despite concerns of a slowdown in loan growth and margin compression, the earnings upgrade cycle continues for the banking sector," the analyst wrote

SVB: Indian banks stand out amid 'global gloom and doom', says Macquarie
Updated On : 13 Mar 2023 | 1:03 PM IST

Here's everything we know about how the Fed is handling the SVB crisis

Fearing contagion would upend the industry, the US Federal Reserve, Treasury Department and Federal Deposit Insurance Corp. moved quickly over the weekend to protect customer deposits

Here's everything we know about how the Fed is handling the SVB crisis
Updated On : 13 Mar 2023 | 11:58 AM IST

China could control a third of the world's Lithium supply by 2025: UBS AG

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022

China could control a third of the world's Lithium supply by 2025: UBS AG
Updated On : 13 Mar 2023 | 9:11 AM IST

Xi urges lawmakers to focus on China's stability at start of third term

He vowed to oppose foreign interference on Taiwan, a veiled reference to increasing American support for the democratically elected government in Taipei

Xi urges lawmakers to focus on China's stability at start of third term
Updated On : 13 Mar 2023 | 9:08 AM IST

Silicon Valley Bank's collapse highlights fickleness of crypto money

Events last week showed that Kiyotaki-Moore may have been right, not just in their analysis but also in their hyperbole: People accept and hold money not because it circulates freely

Silicon Valley Bank's collapse highlights fickleness of crypto money
Updated On : 13 Mar 2023 | 8:44 AM IST

UK PM Rishi Sunak takes nuanced approach to China threat in defence plan

It's a regime that is increasingly authoritarian at home and assertive abroad and has a desire to reshape the world order," Sunak told reporters on his way to the US Sunday

UK PM Rishi Sunak takes nuanced approach to China threat in defence plan
Updated On : 13 Mar 2023 | 7:44 AM IST

Billions worth of crypto trades at risk as shutdown of 3 banks takes toll

On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits

Billions worth of crypto trades at risk as shutdown of 3 banks takes toll
Updated On : 13 Mar 2023 | 7:36 AM IST

India to ensure no breach on Russia oil purchase sanctions

Western countries led by the US had put a price cap of $60 per barrel on exports of Russian oil in a bid to crimp revenues to the Kremlin and keep some oil on the market

India to ensure no breach on Russia oil purchase sanctions
Updated On : 13 Mar 2023 | 12:05 AM IST

HPS, Oaktree among firms pitching deals for trapped SVB deposits

According to the report, some are offering to buy claims on the deposits of SVB clients, including startups and publicly traded companies, at discounts of between 60 cents to 75 cents on the dollar

HPS, Oaktree among firms pitching deals for trapped SVB deposits
Updated On : 12 Mar 2023 | 11:36 PM IST

Silicon Valley Bank fallout: A breather as USDC jumps back to $1 peg

Circle said it's possible "SVB may not return 100 per cent and that any return might take some time"

Silicon Valley Bank fallout: A breather as USDC jumps back to $1 peg
Updated On : 12 Mar 2023 | 11:29 PM IST

From Shanghai to Mumbai, tech chiefs race to contain SVB fallout

And while the direct impact to Asia is limited because of SVB's focus on Silicon Valley, the collapse is set to affect the banking industry's credibility

From Shanghai to Mumbai, tech chiefs race to contain SVB fallout
Updated On : 12 Mar 2023 | 4:29 PM IST