NEW YORK CITY, New York: Deposits at small U.S. banks throughout the country dropped the most since 2007 after the March 10 closing of Silicon Valley Bank, according to figures released by the US Federal Reserve Bank. For the week ending March 15, deposits at small banks fell $119 billion to $5.46 trillion. Officials said there has not been such a large decline in deposits at small banks since the week ending Ma

Significant fall in deposits in small US banks after SVB Bank collapse

Small U.S. banks see record drop in deposits after SVB collapse

Closing of SVB Bank causes fall in deposits in small US banks

LONDON, England: During a Bloomberg conference held in London this week, Luke Ellis, CEO of hedge fund Man Group, said that the banking crisis sparked by the collapse of Silicon Valley Bank has not ended, and more banks will fail within two years.In a move that has brought some calm to markets after the ongoing chaos, Credit Suisse was rescued by Swiss rival UBS over the weekend."I think we will have si

More banks to close within 2 years, warns hedge fund official

Man Group CEO: More banks will fail over next two years

Financing official: expect more banks to close

NEW YORK, New York - Wall Street jumped on Friday, although gains were modest after bank shares in Europe came under scrutiny.Driving prices Friday was a sell-off in the giant German bank, Deutsche Bank."It could be crippled if there's a big loss of confidence and there's a run on the bank. There is, however, no fundamental reason why that should occur, other than nervousness," George Ball, president at S

Wall Street jumps despite European bank fears, Dow Jones gains 132 points

Sell-off in Deutsche Bank fails to dent U.S. stock markets

U.S. stocks defy global gloom, concerns about giant German bank

New Delhi [India], March 27 (ANI): The Reserve Bank of India (RBI) is expected to pause their interest rate hike and the current 6.5 per cent repo rate could be the terminal rate for now, said SBI Research in its latest Ecowrap report.
The repo rate is the interest rate at which the RBI lends money to all commercial banks.
The next monetary policy meeting is scheduled for the first week of April 2023.
At the latest Moneta

RBI likely to pause interest rate hike in April policy meet: SBI Research

New Delhi [India], March 27 (ANI): Indian stocks rose marginally and started fresh with positive momentum after experiencing losses during most part of the previous session. Today's marginal rise can be partly attributed to value buying by investors.
At the time of writing this report, benchmark stock indices Sensex and Nifty were 0.3-0.4 per cent higher.
"Markets remained under pressure for the third successive week and 

Indian stocks start fresh week on a positive note

Interest rate hikes to battle inflation have created 'stresses and vulnerabilities,? the fund's head Kristalina Georgieva has saidThe world economy is headed for a difficult year, as the fallout from the recent banking crises and the formation of rival economic blocs triggered by the Ukraine conflict threaten to undermine global economic stability, the head of the International Monetary Fund (IM

IMF issues warning on global economic stability

Debates on the legality of assets expropriation continue, with many arguing it could become a dangerous precedentThe EU working group that deals with the issue of confiscating frozen Russian assets will have to be "innovative" in approaching the task, Swedish diplomat and head of the EU's "freeze and seize task force," Anders Ahnlid, told AFP on Friday.According to Ahnlid, "it is a challe

Seizing Russian assets is challenging EU task force head

Washington [US], March 25 (ANI): Amid strained US, China ties, Kamala Harris is set to embark on a historic Africa trip, becoming the first woman US Vice President to visit the continent, reported CNN.
Harris' historic trip will come nearly eight years after former President Barack Obama made his last trip to the region while in office. Obama's first trip to the region was met with great fanfare, in large part due to his 

Amid US-China competition, Vice President Harris to embark on historic Africa trip

The institution is ?very profitable,? German Chancellor claims after shares dropped by 15%Germany's largest lender, Deutsche Bank, will not suffer the same fate as embattled Credit Suisse, German Chancellor Olaf Scholz told journalists at a press conference in Brussels on Friday, after the bank's shares fell by 15% in one day."Deutsche Bank has fundamentally modernized and reorganized its

Scholz issues statement on Deutsche Bank

The US President admits that Washington needs time to deal with the current challengesThe American banking sector is not going to explode, US President Joe Biden said on Friday, but added that the country still needed some time to resolve the present difficulties at financial institutions.The president said US lenders were in relatively good shape with the government throwing all its effo

Biden sees no threat to US banking sector

New Delhi [India], March 25 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday chaired a meeting to review the performance of government-owned banks. Various financial, efficiency and health parameters in the banking sector were reviewed.
This review meet comes amid volatility in the US banking system due to the recent collapse of Silicon Valley Bank and some other banks in contagion.
For the record, prominent g

Sitharaman reviews public sector banks amid volatility in US banking system

Sanctioned businessman Oleg Deripaska says exorbitant government spending will lead to a financial crashThe US economy is currently in a very challenging situation, Russian businessman Oleg Deripaska said on his Telegram channel on Friday.He claims the US economy cannot take the weight of the country's enormous government debt and exorbitant spending."Reckless militarization, sanct

Global adventures cost US economy $33 trillion Russian tycoon

WASHINGTON - The multi-regulator U.S. Financial Stability Oversight Council (FSOC) agreed Friday that the U.S. banking system remains 'sound and resilient' despite stress on some institutions, the U.S. Treasury said in its latest statement to calm jittery markets and bank depositors.In a readout of a closed meeting chaired by Treasury Secretary Janet Yellen, the department said that FSOC participants heard a pre

US Regulators: Banking System &#039;Sound and Resilient&#039;

&copy; Provided by Xinhua According to Lorenzo Rocco from the Department of Economics and Management at the University of Padova, it is unlikely that Credit Suisse will be the last large European bank to fall under pressure during the current crisis.</str

Reforms soften blow of Europe&#039;s banking crisis but risks remain

The UK government has decided to go ahead with a rise in corporation tax in April 2023. The move is a clear reversal of the tax reduction which previous chancellors hoped would encourage output and innovation.The idea of lowering corporation tax to boost growth (and ultimately tax revenue) failed spec

Four ways the UK economy is being hampered by the private sector

&copy; Provided by Xinhua Retail sales volumes grew by 1.2 percent in February, the largest monthly increase since October 2022, and sales volumes have returned to pre-COVID-19 levels in February 2020, the Office for National Statistics (ONS) said.</stron

UK consumer data improve but outlook remains gloomy

Prices for food and non-alcoholic drinks have jumped to the highest level since 1977, official statistics showConsumer prices in the UK unexpectedly surged in February, driven by soaring food and energy bills, the Office for National Statistics (ONS) reported on Wednesday.Annual inflation as measured by the consumer prices index ran to 10.4% last month - exceeding the 9.9% consensus forec

UK inflation accelerates data

New Delhi [India], March 24 (ANI): Indian stocks extended their losses from the previous session and opened marginally lower on Friday.
Largely, the fall is in line with weakness in the US markets, which are volatile as the US Federal Reserve further hiked interest rates to bring down inflation to its target even as volatility in the banking system continued due to the recent collapse of some banks.
Sensex and Nifty decli

Indian stock indices extend losses, fall marginally Friday

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring

Why mortgage rates will not return to recent lows any time soon

Continued interest rate hikes by the Fed could worsen the banking turmoil, according to Bill AckmanThe US economy is facing disaster following another interest rate increase by the Federal Reserve and the Treasury's rejection of full deposit insurance, billionaire investor Bill Ackman has warned."When combined with the higher cost of debt and deposits due to rising rates, consider what th

US economy heading for train wreck, billionaire warns

Middelkerke, Belgium - Hundreds of volunteers descended on the beaches of the North Sea coast this weekend to collect sea shells as a measure of the sea's biological diversity.While there is a serious scientific purpose to the exercise, it is also a fun day out on the coast for Belgian, French and Dutch families with kids.On Saturday, Natascha Perales and her children marked a wide spiral pattern on the s

North Sea Shell Survey Brings Out Volunteers

Karimganj (Assam) [India], March 26 (ANI): Assam Police on Sunday caught three drug peddlers from Karimganj district, and recovered drugs worth around Rs 30 crore from a truck.
The accused persons were identified as Ubedullah, Safik Miya and Ramnath Gowala.
According to the police, based on secret information, a team of Karimganj district police led by Superintendent of Police Partha Protim Das launched an operation and i

Drugs worth Rs 30 cr seized in Assam, 3 held

New Delhi [India], March 26 (ANI): Like-minded Opposition leaders will meet tomorrow in the Rajya Sabha LoP chamber in Parliament to discuss the strategy for the floor of the house, according to sources.
This is the third week of the second part of the Parliament session and till now parliament is witnessing a logjam as the Opposition is demanding JPC on the Adani issue and Treasury Benches were demanding an apology from 

Like-minded Opposition leaders to meet tomorrow in Parliament to discuss strategy for floor of house

New Delhi [India], March 26 (ANI): Congress leaders will step up their protest against the Centre on Monday over the Adani issue and disqualification of Rahul Gandhi as MP from Lok Sabha wearing black clothes, party sources said on Sunday.
Congress MPs in the Lok Sabha and Rajya Sabha will attend the Parliament by putting on black clothes.
The Congress MPs, including Rahul Gandhi, earlier in August last year, had worn bla

Congress MPs to protest in black clothes in Parliament against Rahul Gandhi's disqualification, Adani issue

New Delhi [India], March 26 (ANI): Congress president Mallikarjun Kharge along with party leaders Priyanka Gandhi Vadra and others paid tributes at Raj Ghat amid 'Satyagraha' against Rahul Gandhi's disqualification as MP from Lok Sabha on Sunday.
Among others who were present were KC Venugopal and Rajasthan Chief Minister Ashok Gehlot.
The Congress held 'Sankalp Satyagraha' at Raj Ghat. Priyanka Gandhi arrived at Raj Ghar

Kharge, Priyanka Gandhi pay tributes at Raj Ghat amid 'Satyagraha' against Rahul Gandhi's disqualification

WASHINGTON D.C.: After several high-profile near collision incidents, the US Federal Aviation Administration (FAA) has issued a safety alerts to airlines, pilots and others, which stressed the "need for continued vigilance and attention to mitigation of safety risks.""While the overall numbers do not reflect an increase in incidents and occurrences, the potential severity of these events is concerning," the FAA

US warns airlines, pilots to increase alertness after near-misses

FAA issues safety alert to airlines, pilots after near-misses

Near-misses causes US to warn airlines, pilots to be on greater alert

LONDON, England: Despite rising air fares, a potential global economic recession and risks of gridlock at some airports in Europe due to labor disputes, online searches by Americans for flights to Europe trips have surged.US carriers are, therefore, increasing transatlantic capacity to cash in on Americans' demand for travel to Europe.Amid rising interest rates, high inflation, mass job cuts and a globa

US demand for flights to Europe surges despite rising fares

After Covid, enormous demand in US for flights to Europe

Demand for US flights to Europe jumps 37%, prices also rise



                                                    
                                                    ABU DHABI, 27th March, 2023 (WAM) -- Etihad Airways last night touched down in Kolkata, the capital of West Bengal state in eastern India. The airline has made its much-anticipated return to the city with a total of seven weekly nonstop services, once again connecting Kolkata with the world through Abu Dhabi.


Etihad Airways returns to East India with daily flights to Kolkata

Kathmandu [Nepal], March 27 (ANI): The Civil Aviation Authority of Nepal (CAAN) has launched an investigation into an incident on Friday when two aeroplanes, one of Air India and the other of Nepal Airlines Corporation, came perilously close to colliding in mid-air, The Himalayan Times reported.
As per the statement provided by the Information Officer of CAAN, Gyanendra Bhul, an internal three-member committee has been fo

Civil Aviation Authority of Nepal orders probe into near mid-air collision

Germany's public transportation workers are striking Monday as unions demand higher wages for their members.The schedules of trains, buses and planes are being disrupted by the 24-hour work stoppage.The strike is intended to pressure employers as a new round of negotiations begins this week.<a class="img-wrap img-wrap--size-3 also-read__img" href="/a/los-angeles-schools-union-leaders-reach-deal-aft

German Transportation Unions Strike for Higher Wages

Almost four in 10 people have to use credit cards to cover the rising prices of essentials, says NationwideThe deepening cost-of-living crisis has pushed up bills in the UK, with households now spending 12% more on essentials than they were a year ago, Nationwide reports.According to the monthly analysis by Britain's biggest building society, spending on utility bills jumped by around a t

Cost of living soars in Britain study

New York - "John Wick: Chapter 4," the fourth installment in the Keanu Reeves assassin series, debuted with a franchise-best $73.5 million at the box office, according to studio estimates Sunday.The Lionsgate film, starring Reeves as the reluctant-but-not-that-reluctant killer John Wick, exceeded both expectations and previous opening weekends in the R-rated franchise. Since first launching in 2014 with "John Wi

John Wick: Chapter 4 Film Comes Out Blazing With $73.5M

Barracas, Spain - Officials told 'fire tourists" to keep away from blazes raging in eastern Spain on Sunday, saying onlookers were putting themselves at risk and disrupting efforts to quell the flames.More than 500 firefighters backed by 20 planes and helicopters were battling the fire four days after it broke out near the village of Villanueva de Viver in Valencia region, emergency services said.Police h

Spain Tells &#039;Fire Tourists&#039; to Stay Away From Forest Blaze

Gandhinagar (Gujarat) [India], March 26 (ANI): The second Environment and Climate Sustainability Working Group (ECSWG) meeting will begin on Monday in which 130 delegates from G20 member countries along with 11 invitee countries and 14 international organizations will take part at Gandhinagar, Gujarat.
The second ECSWG meeting will be held from March 27-29, 2023 in Gujarat's Gandhinagar.
The meeting would focus on themati

G20: Second environment and climate sustainability working group meeting to begin tomorrow at Gandhinagar

Bhopal (Madhya Pradesh) [India], March 26 (ANI): Bharatiya Janata Party national president JP Nadda and Madhya Pradesh Chief Minister Shivraj Singh Chouhan performed Bhoomi Pujan of the new state BJP office in Bhopal on Sunday.
Union Minister Jyotiraditya Scindia and other leaders of the party also participated in the 'bhumi pujan' of the new office of state unit of BJP.
Earlier today, Nadda arrived at the Bhopal airport 

JP Nadda, Shivraj Singh Chouhan perform Bhoomi Pujan of new Madhya Pradesh BJP office in Bhopal

New Delhi [India], March 26 (ANI): Union Minister Anurag Thakur on Sunday thanked Prime Minister Narendra Modi for connecting Dharamshala with the country after a new air route was launched from Delhi to Dharamshala.
Notably, Union Minister Anurag Thakur, Union Minister for Civil Aviation Jyotiraditya Scindia and Union Minister of State for Civil Aviation General VK Singh today flagged off the first IndiGo Airline Delhi-D

New Dharamshala-Delhi air route launched, Anurag Thakur thanks PM Modi

Mumbai (Maharashtra) [India], March 26 (ANI): On the occasion of her father Rahul Sanon's birthday, actress Kriti Sanon took a stroll down memory lane and wished him in a special yet nostalgic way.
Taking to Instagram, Kriti dropped a video which features her childhood pictures with her dad. We can also see Kriti and her father's latest pictures in the clip.
"The first man that really loved me.. in a way that no one else 

Kriti Sanon shares her childhood pictures as she wishes her father on birthday

Mumbai (Maharashtra) [India], March 26 (ANI): It's been 16 years since Ram Charan made his acting debut with Puri Jagannadh's directorial 'Chirutha' and from that very moment he has been surprising the audience with his versatile performances.
Apart from professional life, Ram Charan knows how to balance and spend time with his family. He is not only a superstar but a doting husband, a dutiful son, a big brother and soon-

Birthday Special: 'RRR' star Ram Charan's adorable moments with family

Beirut - Lebanon woke up in two time zones on Sunday amid an escalating dispute between political and religious authorities over a decision to extend winter time for a month.Caretaker Prime Minister Najib Mikati decided on Thursday to roll clocks forward an hour on April 20, instead of entering daylight savings time on the last weekend of March as is usually the case in Lebanon, Europe and other regions.M

Lebanon in Confusion As Daylight Savings Dispute Deepens Divisions

Kathmandu [Nepal], March 26 (ANI): The Civil Aviation Authority of Nepal (CAAN) has suspended the pilot crew of Air India after an incident at the holding zone that occurred on Friday.
The Air India aircraft on Friday had descended to 3700 feet from 19,000 feet while it was being held up over the sky of Simara in Nepal.
"Air Traffic Controllers (ATCs) of Tribhuvan International Airport involved in a traffic conflict incid

Nepal bans Air India pilots indefinitely after incident at holding zone

Moscow [Russia], March 26 (ANI): Russia, at the request of the Belarusian side, will deploy its tactical nuclear weapons in Belarus, just as the United States has been doing on the territories of its NATO allies, Russian President Vladimir Putin said on the Rossiya-24 news channel on Saturday, Russian news Agency TASS reported.
"Even out of the context of these events, this statement (about the possible supply of depleted

Will station tactical nuclear weapons in Belarus like US does in NATO nations: Putin

Mumbai (Maharashtra) [India], March 26 (ANI): Kareena Kapoor Khan had an eventful and fun-filled Saturday with school kids.
"I am going back to school", the 'Veere Di Wedding' actor said in a video message before she attended Mitha Nagar Municipal School in Goregaon (Mumbai) to promote foundational learning (in early grades) as a goodwill ambassador for the UNICEF India's initiative EveryChildReading.
Kareena shared her m

Kareena Kapoor promotes education in Mumbai school for UNICEF

Lahore [Pakistan], March 26 (ANI): Former Pakistan Prime Minister and Pakistan Tehreeek-e-Insaf (PTI) chief Imran Khan on Saturday presented his party's roadmap to revamp governance and increase exports thus paving the way for country's economic prosperity, Pakistan based The Express Tribune newspaper reported.
Khan was addressing a public rally at Lahore's Minar-e-Pakistan despite a threat alert issued by the interim Pun

Imran Khan presents roadmap to resolve Pakistan's economic crisis

BARRACAS, Spain - Spain's first major wildfire of the year scorched more than 4,000 hectares of forest and forced 1,700 villagers to leave their homes in the Valencia and Aragon regions.Residents recounted fleeing their houses and leaving animals behind.'Bad, how am I supposed to feel? Your town is burning, your life is burning. Our animals were there, and no one can tell us anything,' Antonio Zarzoso, 24

Wildfire in Spain Forces Hundreds to Flee, Leave Animals Behind

Dehradun (Uttarakhand) [India], March 26 (ANI): The Public Investment Board (Ministry of Finance) has given its approval to include the Jamrani dam project in Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), a statement from the Chief Minister's office (CMO) said on Saturday.
Earlier on the request of the Chief Minister, approval to include the Jamrani dam project under PMKSY was given in the meeting of the Screening Commi

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