Photo: ANP Credit rating agency S&P Global has turned more negative on the financial health of American bank First Republic. According to analysts, the risk of many customers withdrawing their money from regional banks after the collapse of two US banks last weekend is even higher. First Republic now carries a BB+ rating, dropping its credit rating below the junk-credit …

Photo: ANP The board of popular video app TikTok is considering a split from Chinese parent company ByteDance, according to sources inside the company, according to Bloomberg News. TikTok sees the move as a way to ease U.S. concerns about national security threats. TikTok is subject to a national security review by the Committee on Foreign Investment in the United …

In the United States, 20 percent of the annual economic damage from extreme weather events is caused by droughts and floods, but hydroclimatic disasters — caused by changes in the water cycle — are expected to especially affect poor communities and ecosystems. Few resources are and are heavily exploited. For example, poverty-stricken Somalia is experiencing its longest and worst drought, …

The bank failed to follow an important piece of advice for investors: spread your risk. That turned out to be a huge mistake, especially when interest rates rose. Yields on new government bonds also increased. Bonds issued earlier with lower interest rates will not be lost in paving stones. As savers ask for their money, those who suddenly have to …

US President Joe Biden’s administration announced Monday it would approve a scaled-down version of ConocoPhillips’ Willow oil and gas drilling project in Alaska, sparking an angry backlash from climate activists. Here are some details about the project: What is the Willow Project? The Willow Project is ConocoPhillips’ $6 billion project to drill for oil and gas in Alaska. It is …

US President Joe Biden’s administration has approved a controversial willow oil extraction project in the northern state of Alaska. That reports On Monday, the US government. US oil major ConocoPhillips, which has previously explored the area for oil, will carry out the drilling. During his 2020 election campaign, Biden promised that no new oil and gas licenses would be issued …

Porsche today announces annual figures for 2022. In the 400-plus page report, the company touts how well the business is doing. What you want to know about the report: The Porsche Group earned 1.5 billion euros more last year than in 2021. 6.8 billion in gross profit. Additionally, Porsche boss Oliver Blume confirms that there will be an electric Porsche …

Upper tier access seeks sectors that offer higher returns over the long term. Companies working in artificial intelligence seem to have all the right cards. Artificial intelligence, including AI, is not in the news anymore. Private equity funds also marry money and invest heavily A lot of AI companies. In 2020 alone, $75 billion was invested in AI companies, 80 …

Silvergate and most recently Silicon Valley Bank (SVB) are two major banks that went under this week. Many in the Bitcoin (BTC) community are currently highlighting the Bitcoin White Paper, as it was created in 2008 in response to the collapse of Lehman Brothers. Banks lost The banking drama began earlier this year when crypto bank Silvergate ran into financial …

A giant screen in Beijing shows re-elected Chinese President Xi Jinping during the National People’s Congress.Image courtesy REUTERS Previously, Chinese presidents were only allowed to serve two terms, but Xi changed this in 2018. A third term as party leader and army chief could see him in power for life. Xi was elected president at the National People’s Congress, the …