Brussels proposes an exception for electric fuel cars from 2035 Germany still considering draft EU proposal Berlin sees the state of technology as problematic Objective to make a decision by Thursday BERLIN/BRUSSELS, March 21 (Reuters) – The European Commission has drawn up a plan to allow the sale of new cars with internal combustion engines … Read more
HONG KONG, March 21 (Reuters) – Screening of British slasher film “Winnie the Pooh: Blood and Honey”, which was due to be released in Hong Kong this week, has been cancelled, its distributor said on Tuesday without giving a reason. VII Pillars Entertainment said on their Facebook page that it was with “great regret” that … Read more
March 21 (Reuters) – As crisis grips the traditional world of stocks and bonds, bitcoin is suddenly looking like a safe haven. The infamously volatile cryptocurrency looks positively buoyant, much like a banking meltdown pushes markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 lost 1.4% … Read more
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
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
March 20 (Reuters) – U.S. banking stocks rose on Monday and European lenders rebounded from a strong early sell-off after the state-backed takeover of Credit Suisse by UBS Group appeared to wipe out a source of concern for the global banking sector. In a package designed by Swiss regulators on Sunday, UBS Group AG (UBSG.S) … Read more
Credit Suisse tumbles more than 60% after emergency weekend takeover European banks recover ground after initial 5% drop Government bonds and gold rally as investors seek safety Wall Street opens flat, First Republic Bank collapses LONDON, March 20 (Reuters) – European bank stocks retaliated on Monday after an early slump and the interactive rush for … Read more
March 20 (Reuters) – New Zealand Foreign Minister Nanaia Mahuta will travel to China on Tuesday to meet her counterpart Qin Gang in the first such visit by a New Zealand minister since 2019. Mahuta said she would raise New Zealand’s concerns over key security challenges when meeting with Qin Gang in Beijing, such as … Read more
SYDNEY, March 20 (Reuters) – A former U.S. Marine Corps pilot may have been “lured” from China to Australia by security agencies before his arrest, his lawyer said in court on Monday after a extradition hearing in Sydney. Daniel Duggan, 54, faces extradition to the US for breaking US law by training Chinese military pilots … Read more
SEOUL, March 20 (Reuters) – North Korean leader Kim Jong Un has called on the country to stand ready to carry out nuclear attacks at any time to deter war, accusing the United States and South Korea of expanding joint military exercises involving US nuclear assets, state media KCNA said Monday. Kim’s remarks came as … Read more