US regulators take control of Silicon Valley Bank

US regulators have taken control of the tech-focused lender Silicon Valley Bank, following a run on deposits.

Customers had become increasingly concerned about the health of the bank which had been forced to sell assets at a loss recently due to rising interest rates.

Ira Spitzer has more from San Francisco.

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Hot job market in the United States earns Biden praise, but fuels inflation woes

President Joe Biden insists his economic plan is "working" and the country is "heading in the right direction" after the US posted another strong jobs report. 

The economy added 311,000 jobs in February, according to the Labor Department's closely watched monthly employment snapshot released on Friday.


But that figure represents a relative decline from a blockbuster January report, when a revised 504,000 jobs were added. The unemployment rate has also ticked up slightly to 3.6%.

Our US Correspondent Benji Hyer has the details. 

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At least 7 dead in Hamburg Jehovah's Witness attack

At least seven people have died in a shooting in the German city of
Hamburg, where a gunman opened fire at a Jehovah's Witness meeting
hall.

Police are now searching for a motive - after the gunman took his own
life at the scene.

Germany correspondent Trent Murray has the latest.

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TURKEY PUTS A HALT TO RUSSIAN PARALLEL IMPORTS

Turkey has suddenly stopped allowing sanctioned European goods to pass through to Russia, according to multiple Russian logistics companies speaking to Russian media.

Until this week, Ankara had been instrumental, along with Kazakhstan and Belarus, in helping Russians retain access to European goods.

These "parallel import" schemes have so far been largely successful, and have kept costs low.

Stuart Smith reports from Moscow.

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Biden and Ursula Von der Leyen to discuss US-EU trade disupte

The European Commission President, Ursula Von der Leyen, is in
Washington for meetings with the US President Joe Biden - to ensure EU
companies don't miss out on millions of dollars of US business.

There's been increasing anger on the Continent since the US passed a
bill last year that encourages Americans to buy American products.

In particular US consumers get hefty subsidies if they choose
American-made products like electric vehicles.

Nick Harper reports from Washington.

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[PREVIEW] US inflation data in week ahead

The week ahead holds a slew of US inflation-related data, which could
give a clearer indication if a year's worth of interest rate rises are
finally slowing the economy.

The figures follow Friday's better-than-expected Jobs numbers which
suggested there's no slowdown in sight.

Nick Harper reports from Washington.

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Charity: boat carrying 500 migrants in distress off coast of Sicily

A boat carrying 500 migrants is in urgent need of rescue off the coast of Sicily.

That's according to the charity "Alarm Phone", which monitors boats crossing the Mediterranean.

Giles Gibson reports from Rome.

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British prime minister in Paris for summit with French president

The British prime minister is in Paris on Friday for a UK-France summit hosted by the French president.

Rishi Sunak and Emmanuel Macron are holding talks over the issue of illegal immigration, as well as support for Ukraine, and a joint effort to battle the climate crisis.

Ross Cullen reports.

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UK economy returns to growth

UK GDP grew by a higher than expected 0.3% in January after contracting 0.5% the month before. The government says that shows the economy's resilience, but the country could still face a recession, as Julia Chapman reports.
 
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Nigeria Begins Investigation in Lagos Train Accident Involving 85 Passengers

Authorities in Nigeria's southwest state of Lagos are investigating a train accident which has led to the death of six persons in the state.

79 other passengers involved in the accident have sustained injuries and are receiving medical attention in hospital.

Correspondent Tesem Akende reports from Jos.

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Several killed in Hamburg shooting

Several people have been killed in a shooting in Hamburg.

The shooting happened at a Jehovah's witness meeting hall , and police say the gunman- who they believe acted alone- is most likely dead. 

Police have also said that the motive is not yet clear.

A number of people were also injured in the attack.

Our Germany correspondent, Trent Murray, has the latest:

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India's southern state grapples with unprecedented & unseasonal heat

India's southern state of Kerala is grappling with severe heat.

Temperatures in the coastal region are shooting up to unprecedented levels, pushing the local authorities to issue heatwave alerts in the state.

Sreoshi Mukherjee reports...

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India and US sign agreement on semiconductor partnership

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The United States and India have signed a memorandum of understanding on semiconductors.

The move has been announced during US Commerce Secretary Gina Raimondo's four-day visit to India.

Rebecca Bundhun reports from Mumbai.

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Xi Jinping Officially Secures Third Term as China's Leader

China's Xi Jinping has officially clinched an unprecedented third term as President of the world's second largest economy.

That, following a vote at the National People's Congress in Beijing in a race where he was the only candidate.

Patrick Fok reports.

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North Korea calls for intense 'real war' drills

North Korea is calling for intensified drills to prepare for a "real war."

The announcement comes just before the United States and South Korea are set to kick off large-scale joint military exercises.

Nora Weinek reports.

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Former Malaysian PM Charged with Abuse of Power, Money Laundering

Malaysia's former Prime Minister, Muhyiddin Yassin has pleaded not guilty to accusations of abuse of power and money laundering over projects launched under his premiership.

He faces six separate charges in a case his supporters have described as political persecution.

Patrick Fok reports.

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Roger Ng sentenced to 10 years for 1MDB scandal

A former Goldman Sachs banker has been sentenced to 10 years in prison over the 1Malaysia Development Bhd scandal.

Roger Ng was convicted last April over the infamous embezzlement scandal.

US prosecutors say the 51-year-old played a 'critical role' in the bribery and money laundering scheme.

The 1MDB scandal saw financiers loot money intended for infrastructure to aid the Malaysian people.

Sally Patterson reports from New York City.

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US indices down following Biden's budget speech

The US markets appeared unconvinced by President Biden's budget for the year ahead, as he announced a reversal to corporate tax cuts.

The NASDAQ and S&P 500 both finishing Thursday down about 2%. The DOW also dropping. Here's Benji Hyer with the round-up. 

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UK high-speed rail project delayed

The construction of parts of a major high-speed rail project in the UK has been delayed by two years. The government says cost pressures need to be examined for the line, which will run from London to Birmingham and Manchester. Julia Chapman reports. 

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Hong Kong Supporters call on the Academy to withdraw one of the presenters

Thousands of people have signed a petition calling on the Oscars to
withdraw Donnie Yen as a presenter.
Yen is accused of supporting the Chinese government. The petition has
been set up by well-known Hong Kong activist Tong Wai-hung.
Jody Jacobs has more...

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