Japanese PM offers support to Ukraine as Chinese Xi backs Russia

KYIV, Ukraine (AP) — Prime Minister Fumio Kishida paid a surprise visit to Kyiv on Tuesday, drawing some of the world’s attention from rival Asian President Xi Jinping of China, who met in Moscow with Russian President Vladimir Putin to discuss of Beijing’s peace proposal for Ukraine that Western nations have already criticized. The two … Read more

Hardline U.S. Republicans oppose bank deposit guarantees beyond $250,000 limit

WASHINGTON, March 20 (Reuters) – Hard-line Republicans in the House of Representatives vowed on Monday to oppose any universal federal guarantee on bank deposits above the current limit of $250,000, throwing a major hurdle to a key tool regulators could deploy if banks rush again. as financial confidence falters. The Republican House Freedom Caucus said … Read more

PIMCO lost $340m on write-off of Credit Suisse AT1 bonds – source

NEW YORK, March 20 (Reuters) – Fixed income giant PIMCO lost around $340 million on a class of Credit Suisse bonds that were wiped out by the buyout by UBS (UBSG.S), the manager’s global exposure of US investments to the Swiss lender being executed. in billions, said a source close to the situation. Swiss authorities … Read more

Xi-Putin meeting: China’s Xi insists on close ties with his ‘dear friend’ Putin in his first visit to Russia since the invasion of Ukraine

CNN — Xi Jinping and Vladimir Putin met in the Kremlin and touted close ties and shared strategic visions between China and Russia, on the first day of a state visit framed by Beijing as a peacemaking project despite deep skepticism in Kiev and in the West. Xi is making his first since Moscow launched … Read more

Xi Jinping meets Putin to give isolated Russian leader a boost

Chinese leader Xi Jinping arrived in Moscow on Monday for a three-day visit that shows Beijing’s new diplomatic swagger and offers a welcome political boost to Russian President Vladimir Putin as fighting in Ukraine turns into a war of relentless wear.. China and Russia described Xi’s trip as part of efforts to deepen their “boundless … Read more

UBS acquires Credit Suisse to stem the banking crisis

London CNN — Switzerland’s biggest bank, UBS, has agreed to buy struggling rival Credit Suisse in an emergency bailout deal aimed at stemming financial market panic sparked by the failure of two US banks earlier this year. month. “UBS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. He … Read more

Struggle for science blocks key UN climate report

BERLIN (AP) — The release of a major new UN report on climate change is being delayed by a battle between rich and developing nations over emissions targets and financial aid to vulnerable nations. The report by hundreds of the world’s top scientists was due to be endorsed by government delegations on Friday at the … Read more

French protesters march past piles of garbage, resisting Macron

PARIS (AP) — A handful of protests against President Emmanuel Macron’s plan to raise the retirement age in France from 62 to 64 took place on Saturday in Paris and beyond, as uncollected rubbish stank on the streets of the French capital amid a strike by sanitation workers. Largely non-violent protests took place in various … Read more

Russia and Ukraine extend grain deal to help world’s poor

KYIV, Ukraine (AP) — An unprecedented wartime deal that has allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and where high food prices push more people into poverty was extended just before its expiration date, officials said Saturday. The United Nations and … Read more

Protests erupt in France over Macron’s pressure on retirement age

PARIS (AP) – Protests against French President Emmanuel Macron’s decision to impose a bill raising the retirement age from 62 to 64 through parliament without a vote disrupted traffic, garbage collection and university campuses in Paris as opponents of the change maintained their resolve to roll back the government. Striking sanitation workers blocked a waste … Read more