(Bloomberg) — Silvergate Capital Corp.’s abrupt shutdown and SVB Financial Group’s hasty fundraising have sent US bank stocks diving and tongues wagging across the industry: Could this be the st...
Tag: Crisis
Europe’s Future Success Requires Reinvention
The world is going through a massive transformation. According to our Global Disruption Index based on socioeconomic, geopolitical, climate, consumer and technology factors, the world saw a 200% disru...
Babel Finance Invents Babel Recovery Coin to Solve Debt Crisis
Babel Finance has decided to launch the Babel Recovery Coin. The intention of the new launch is to resolve the company’s debts of almost $766 million. The company would mint the stablecoin through the...
Bybit Latest To Suspend USD Deposits Amid Silvergate Crisis
Bybit Crypto News: Top crypto exchange Bybit on Saturday said it suspended US Dollar deposits through bank transfer. The exchange cited service outages from its banking partner, although it did not na...
World’s Riskiest Markets Stumble Into Crisis With Dollars Scarce
(Bloomberg) — Hospitals delaying surgery in Sri Lanka. International flights suspended in Nigeria. Car factories shuttered in Pakistan. Most Read from Bloomberg In some of the world’s most vulne...
U.S. Abortion Bans Are A ‘Human Rights Crisis’ That Violate International Law, Groups Tell UN
Topline A coalition of human rights groups urged the United Nations to take “urgent” action against abortion bans in the U.S., arguing in a letter Thursday the restrictions on abortion in the wake of ...
Catastrophic Crisis With Russia And China Brewing — What Biden Must Do Now
This episode of What’s Ahead explains why, in the aftermath of President Biden’s visit to Ukraine and eastern Europe, the U.S. and NATO allies must give Kyiv all the weapons it needs to beat back the ...
Vietnam Property Debt Crisis Deepens as Major Developer Delays Bond Payment
(Bloomberg) — Vietnam’s property debt crisis is intensifying as the country’s second-largest developer joined the ranks of peers seeking debt extensions after failing to repay a bond on time. Mo...
Plot thickens for rand as Eskom crisis escalate
The GBP/ZAR exchange rate soared to the highest point since September 2020 after Eskom fired its CEO. It jumped to a high of 22.22 as the South African rand continued plunging across the boad. The clo...
The United States is Headed Toward a Debt Crisis: Former VP Mike Pence
Mike Pence – former Vice President of the United States – believes his country is en route to a debt crisis within the next 25 to 30 years due to the government’s irresponsible fiscal policy. Within 3...
Tesla Versus Prius And The Carbon Crisis Long-Game
Toyota has been criticized as a laggard when it comes to electric cars but the world’s biggest automaker says a blended strategy of EVs, plug-in hybrids and Prius-like hybrids can have a bigger impact...
Samsung, Hynix Pain Deepens as Price Collapse Echoes 2008 Crisis
(Bloomberg) — The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year. Most Read from Bloomberg The averag...
Why Adani Crisis Is Just What India Needed
Narendra Modi appears alongside Gautam Adani at the 5th Vibrant Gujarat Global Summit on 2011 in Gandhinagar, India. Vijay Soneji/Mint via Getty Images Nothing tells you more about an economy than how...
A New Twist In Terra-LUNA Crisis Investigation, Do Kwon Arrest ?
The saga between Terra-Luna, its founder Do-Kwon and South Korean prosecutors looks like a never ending one. It all started in May 2022 when the Luna crypto network collapsed after which nearly $60 bi...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes
– Advertisement – Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going ...
How Does Manchester City’s Pep Guardiola Manage A Crisis? By Attacking
Manchester City’s Spanish manager Pep Guardiola shouts instructions to his players from the … [+] touchline during the UEFA Champions League round of 16 second leg football match between M...
Economist Peter Schiff Warns of Financial Crisis and ‘Much More Severe Recession’ Than the Fed Recognizes – Bitcoin News
Economist and gold bug Peter Schiff has warned of a financial crisis and a much more severe recession than the Federal Reserve recognizes. “The economy is not only going to weaken, but weaken much mor...
Biden blasts Big Oil’s record profits amid the ‘energy crisis’ — proposes quadrupling the tax on buybacks. Here’s how much the 3 giant US-based producers made in 2022
‘It’s outrageous’: Biden blasts Big Oil’s record profits amid the ‘energy crisis’ — proposes quadrupling the tax on buybacks. Here’s how much the 3 giant US-b...
FTX crisis shook bitcoin prices the most, Messari data shows
According to Messari, the failure of FTX and other related events had a far more significant impact on the price of bitcoin (BTC) during Q4 than macroeconomic factors such as rate rises. On top of th...
U.K.’s FTSE 100 scaling fresh highs despite cost of living crisis
The sun rises over the city on Feb. 6, 2023 in London, United Kingdom. Leon Neal | Getty Images News | Getty Images LONDON — The U.K. is facing the weakest growth prospects in the G-7 and a catalogue ...
Early Retirement Can Create a Financial Crisis
Early Retirement Can Create a Financial Crisis Not many people would pass up the opportunity to retire early. In fact, there’s an entire movement built around the idea of early retirement – Financial ...
A Plea For Empathy, Imagination, And Meaningful Action During The Climate Crisis
Tragedy struck Turkey and Syria this week, as a massive earthquake struck the region. More than 11,000 people have died, and countless others displaced. This devastation hits especially hard since man...
Is a Bitcoin Supply Crisis on the Cards?
In recent months, long-term holders have been accumulating BTC at a record pace. What’s more, the largest outflow of Bitcoin from exchanges in history is underway since the FTX crash in November 2022....
President Biden warns that the risk of nuclear ‘Armageddon’ is at its highest point since the Cuban Missile Crisis — 3 top stocks to consider if tensions keep rising
President Biden warns that the risk of nuclear ‘Armageddon’ is at its highest point since the Cuban Missile Crisis — 3 top stocks to consider if tensions keep rising The Fed’s interest rat...
Potential Buyers Inquire about Hodlnaut amid Insolvency Crisis
Potential buyers are interested in embattled crypto lender Hodlnaut following creditors’ preference for liquidation instead of restructuring. According to new reports, potential buyers are making inqu...
What is the global financial crisis and its impact on the global economy
When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp ...
Bayern Munich End Bundesliga Results Crisis With 4-2 Win Over Wolfsburg
Bayern Munich beat Wolfsburg 4-2 on Sunday thanks to a wonderful goal by Jamal Musiala ending their … [+] results crisis in the Bundesliga. (Photo by Ulrik Pedersen/DeFodi Images via Getty Image...
The ‘Egg Crisis’ – Another Pseudo-Inflation Phenomenon
“Eggs are eggs. People want eggs.” New York Times (Feb 3, 2023) PORTLAND, ME – JUNE 9: Becky’s Diner line cook Mike Sajecki cracks an egg onto the flat top, June 9, … [+] 2015. As th...
Adani Bondholders Turn to Advisers as Crisis Engulfs Indian Firm
(Bloomberg) — Bondholders of Adani Group firms are holding initial conversations with financial advisers and lawyers to weigh their options after the unfolding crisis at the Indian conglomerate ...
Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’ – Regulation Bitcoin News
Billionaire investor and venture capitalist Tim Draper has reportedly attempted to convince the Sri Lankan government to adopt bitcoin. However, the governor of the Central Bank of Sri Lanka rejected ...
Centrifuge Faces Debt Crisis, Registers $5.8m in Unpaid Loans
Centrifuge, a decentralized protocol operating as a lender, is reportedly facing a liquidity crunch, with collateralized loans amounting to roughly $5.8 million being tracked off as the platform’...
Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis
Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local ent...