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President Joe Biden insists the US banking system is "safe" as he seeks to allay fears of a broader industry crisis following the collapse of Silicon Valley Bank, the country's 16th largest lender.
The federal government, which seized the bank's assets last week, confirmed that customers' money — both insured and uninsured — would be fully protected and accessible from Monday.
Thousands of technology companies had been facing uncertainty for days after the second biggest bank failure in American history and the most substantial since the height of the global financial crash almost 15 years ago.
Benji Hyer reports.
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There is relief in the UK among the country’s tech firms, following HSBC’s takeover of the British arm of the failed Silicon Valley Bank.
Following all-night talks between the British government, HSBC bosses and the Bank of England, HSBC has secured depositors’ investments, at no taxpayers’ expense.
Nina-Maria Potts has the latest:
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UK Prime Minister Rishi Sunak says his government will spend an extra $6bn on defence over the next two years - in a bid to counter hostile threats. The announcement comes as Sunak meets with US President Joe Biden and Australian PM Anthony Albanese in San Diego. Laura Makin-Isherwood reports from London.
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Nigeria's economy has lost an estimated 40 billion dollars since the introduction of a cash mop up exercise by the country's Central Bank.
A new report by an economic think tank, Centre for the Promotion of Private Enterprises, says the situation has also led to a major risk to the livelihoods of citizens.
Correspondent Tesem Akende reports from Jos.
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In England, hospitals are canceling tens of thousands of appointments and operations this week- prompted by a three day strike by junior doctors.
Some 61,000 junior doctors have kicked off a 72 hour strike, and they are demanding a 35 per cent pay rise.
Nina-Maria Potts has the latest:
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Everything Everywhere All at Once was the big winner at the 95th Academy Awards, taking home seven Oscars, including the Best Picture prize.
The science fiction film's star Michelle Yeoh [YO] became the first Asian to win the Best Actress award.
US correspondent Ira Spitzer reports.
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Everything Everywhere All at Once has swept to Oscar glory as the psychedelic sci-fi comedy drama picked up seven Academy Awards, including Best Picture.
The film's stars also won Best Supporting Actor and Actress, and Michelle Yeoh, the movie's lead, became the first Asian woman to score Best Actress.
Our US Correspondent Benji Hyer has this round-up.
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People and businesses with accounts at the failed Silicon Valley Bank will be able to access their money following an intervention from the federal government.
The US Treasury, the Federal Reserve and Federal Deposit Insurance Corporation on Sunday confirmed depositors would be fully protected following the collapse of what was the country's 16th largest lender — that is until regulators seized its assets on Friday.
Benji Hyer reports.
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China’s President Xi Jinping says greater stability and self-reliance will be the country’s priorities for his next five years in charge. He is beginning an historic third term in office after winning unanimous backing from China’s National People’s Congress.
Richard Kimber reports from Hong Kong.
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