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Banking Unrest Pushes Gold Price to Highest Level in More Than a Year
The gold price is rising sharply due to the global unrest in the banking sector and the troubles surrounding Credit Suisse.
As a result, the value of gold has risen to its highest level in more than a year. Investors currently see…
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Bloomberg: Nationalize Credit Suisse If Deal With UBS Fails
Switzerland is considering full or partial nationalization of beleaguered Credit Suisse. That would be the only other viable option, apart from the Swiss bank UBS acquisition, insiders report to the Bloomberg news agency.
UBS is in…
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Financial Times: BlackRock Considers Taking Over Credit Suisse
US asset manager BlackRock, one of Credit Suisse's largest shareholders, is considering a bid for the beleaguered Swiss bank.
This is reported by the British business newspaper Financial Times based on insiders, who indicate that…
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Tesla Already Wants to Expand Factory Near Berlin
Tesla wants to expand its factory near Berlin, where production only started last year. The American manufacturer of electric cars announces this.
Tesla has submitted a permit application to the German state of Brandenburg, and the…
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Hundreds of Flights Cancelled Due to Strike at German Airports
A strike at German airports again caused many disrupted and cancelled flights. Düsseldorf Airport expects that many of the 391 planned take-offs and landings cannot occur.
At Stuttgart airport, no regular passenger flights can take…
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CEO Credit Suisse Calls on Staff to Keep a Cool Head
CEO Ulrich Körner of the troubled Swiss bank Credit Suisse calls on his staff to keep a cool head and to focus on the facts to stop the unrest around the bank. He also promised to move ahead quickly to streamline the bank's operations.…
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IEA: Russian Oil Revenues Sharply Down Due to Sanctions
Russia's revenues from oil and petroleum products exports fell sharply in February under pressure from Western sanctions against the Russian oil industry over the war in Ukraine. This is reported by the International Energy Agency (IEA) in…
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Samsung Invests 300 Trillion Won in Korean Chip Hubs
Samsung wants to invest 300 trillion won in chip production over the next twenty years. These are part of the larger plan to turn the country into a semiconductor hub.
The massive investment mainly goes to constructing five chip…
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