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US stocks rallied Tuesday as investors grew increasingly optimistic that other banks would not face the same fate as Silicon Valley.
The bank collapsed on Friday sending shockwaves through the sector.
But confidence in plans put forward by regulators to backstop all depositors saw the indexes close up.
Sally Patterson has more.
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Facebook's parent company Meta has announced that it will lay off around 10,000 employees.
It's the second time in the past six months the company has conducted mass layoffs.
Technology correspondent Ira Spitzer has more from San Francisco.
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Prices in the US are still rising at a fast pace according to government figures released today.
The Consumer Price Index rose 0.4 per cent in February, showing only a slight cooling in inflation from the previous month.
Our US Correspondent Kate Fisher reports
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US bank stocks rallied on Tuesday after a difficult day of trading on Monday.
This comes after regulators took extraordinary measures over the weekend to backstop all depositors in Silicon Valley Bank, which collapsed last week.
Sally Patterson reports.
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Uganda has confirmed that its forces together with the Congolese army (FDLR) have killed a top commander of the Allied Democratic Forces rebel group.
Uganda's army spokesperson says Elias Ssegujja was killed in the North Kivu Province in the Eastern Democratic Republic of Congo.
Hillary Ayesiga, reporting from Kampala
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The Texas Board of Nursing in the United States has filed Formal Charges against 43 Nigerians for false educational credentials.
They are part of a 75-person list under investigation by US authorities for fraudulently obtaining certificates.
Correspondent Ajeck Mangut reports from Abuja.
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India's federal minister for entrepreneurship is meeting with top startups in the country this week to allay concerns due to the collapse of the Silicon Valley Bank.
The Santa Clara-based lender is considered to be a top choice for many Indian startups with US-based operations.
Ishan Garg has more from New Delhi.
IN: India's junior minister...China is set to start issuing visas to tourists for the first time since easing its strict Covid-19 rules. The move comes as the government focuses on promoting an economic recovery from the impact of the pandemic.
Richard Kimber reports from Hong Kong.
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North Korea is continuing its response to nearby US-led military drills, firing two more rockets into the Sea of Japan on Tuesday.
Japan and South Korea are collecting information on latest launches which come two days days after Pyongyang test-fired cruise missiles from a submarine.
Chris Gilbert reports
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US stocks finished up on Monday as investors weighed up government plans to keep banks afloat.
Over the weekend regulators said they would guarantee all Silicon Valley Bank customers' deposits.
The bank collapsed on Friday, sending shockwaves through global financial markets.
Sally Patterson reports.
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