By Hannah Lang WASHINGTON (Reuters) -The speed at which depositors fled Silicon Valley Bank this month – withdrawing $42 billion in 24 hours – has left authorities confronting a new risk:[...]
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March 22, 2023
Chip plants in China won’t be forced to shut if firms receive US funding, says S.Korea
SEOUL (Reuters) -South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern[...]
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Branson’s Virgin Orbit to recall small team from near-total furlough
By Joey Roulette WASHINGTON (Reuters) -Richard Branson’s Virgin Orbit plans to recall on Thursday a small group of employees from a near company-wide furlough to work on rocket upgrades, an emai[...]
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Venezuela president names PDVSA head Tellechea as new oil minister
By Deisy Buitrago CARACAS (Reuters) -Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predeces[...]
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TikTok CEO: App has never shared US data with Chinese government
By David Shepardson WASHINGTON (Reuters) -TikTok’s chief executive will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, and would never, sha[...]
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First Republic seeks new ways to escape unrealized losses
(Reuters) – First Republic Bank’s efforts to secure a capital infusion continued without success on Tuesday, as the troubled regional lender started to plan for the possibility it may need[...]
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Air India expansion stirs tension over airline flying rights
By Tim Hepher, Aditi Shah and Tanvi Mehta NEW DELHI (Reuters) -Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across the aviation sector on Tuesday[...]
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Australia could reap $11.3 billion from battery sector by 2030 – Accenture
MELBOURNE (Reuters) – Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030 in less than two years, highlighting the speed[...]
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India resists calls for more air access in drive to be global aviation force
By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India dampened foreign airline hopes for more access to its airports on Tuesday, with its aviation minister urging domestic carriers to fly long-haul[...]
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