The United Nations General Assembly voted on Wednesday to pass a resolution asking the world’s top court to define the obligations of states to combat climate change, a legal opinion that could drive countries to take stronger measures and clarify international law. The historic resolution seeking an advisory opinion from the International Court of Justice […]
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As the world’s two largest economies, the United States (US) and China have been engaged in a game of economic tug-of-war for decades. But for all that, recent developments suggest that the struggle for global supremacy between these superpowers may be taking on a more political dimension. With China extending its political reach toward countries […]
On an April day, the founder of a U.S. startup called Make Sunsets stood outside a camper van in Mexico’s Baja California and released two weather balloons containing sulfur dioxide into the air, letting them float towards the stratosphere. Entrepreneur Luke Iseman said the sulfur dioxide in the balloons would deflect sunlight and cool the […]
The destination is the 19th century, a time when technological progress was rapidly accelerating, and the world was changing at an unprecedented pace. From that belief, I can’t help but wonder, what did they think the future would hold? Did they predict the marvels of technology we have today, or did they have a completely […]
Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two people familiar with the matter said on Thursday. Citizens, one of the largest U.S. regional banks, is preparing to submit an offer in the auction of the business, which is called SVB Private, the […]
Business leaders from Japan and South Korea pledged on Friday to work more closely on chips and technology, seeking to put behind years of acrimony over wartime history that have stoked South Korean public anger. South Korean President Yoon Suk Yeol met executives from both countries in Tokyo as he makes the first visit there […]
As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions. The investment bank would buy a $21.5 billion bond portfolio from SVB to […]
As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions. The investment bank would buy a $21.5 billion bond portfolio from SVB to […]
The United States, Australia and Britain unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China’s ambitions in the Indo-Pacific. Addressing a ceremony at the U.S. naval base on Monday in San Diego, accompanied by Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak, […]
Startup-focused lender SVB Financial Group became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across global markets as billions of dollars belonging to companies and investors were left stranded. The collapse raised concerns that the end of decades-long era of cheap money would reveal cracks in the global financial […]