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Moody’s Considers Downgrading US Regional Bank Credit Rating
Credit bureau Moody's is investigating whether it should lower the credit ratings of six regional US banks. The move follows the turmoil in the banking system caused by the American Silicon Valley Bank (SVB) collapse.
First…
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Ministers: Problems of Banks in the US Not a Danger to the Eurozone
French Finance Minister Bruno Le Maire says the bankruptcies of US banks Silicon Valley Bank (SVB) and Signature Bank do not threaten French financial institutions.
The German financial regulator BaFin issued a similar reassuring…
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Saudi Arabia Launches New Airline
Saudi Arabia is starting a new airline called Riyadh Air. The company, which will be based in the Saudi capital, is intended to help tourism.
Saudi Arabia wants to make its economy less dependent on oil and attract more tourists…
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Meta Wants to Get Rid of Customer Service Company Kustomer Again
Facebook mother Meta Platforms is considering returning the Kustomer company to the market. Meta bought the customer service software company for $1 billion at the end of 2020.
Any sale would fit in with the company's plans to cut…
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Managers of Security Company G4S Eeleased from British Fraud Case
Three former executives of a subsidiary of security group G4S are no longer prosecuted for fraud in the United Kingdom. The UK government agency that investigates serious fraud, the Serious Fraud Office (SFO), has dropped all charges…
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Minister Makes Promise: US to Become World Leader in Energy Transition
The United States will become the world leader in the energy transition. US Secretary of Energy Jennifer Granholm makes that promise.
In her view, President Joe Biden's administration has created "the most attractive investment…
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Adidas Cuts Dividend Due to Split With Kanye West
Adidas, the largest European manufacturer of sports equipment, will pay fewer dividends in 2022. The German sports brand issued a profit warning a few weeks ago due to the loss of sales of Yeezy products.
After a series of…
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Much Less Work for Afghan Women Since the Taliban Took Power
Women's employment in Afghanistan fell by a quarter in last year's last quarter. This is reported by the International Labor Organization (ILO), which states that since the takeover of power by the Taliban, Afghan women have been…
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