Arch-rivals Iran and Saudi Arabia agree to revive ties, reopen embassies in China-brokered deal
Iran and Saudi Arabia have long accused each other of destabilizing the region and seen one another as grave security threats.
Silicon Valley Bank drops another 60%, weighing on the bank sector again
Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
France and UK hail a ‘new beginning’ to post-Brexit era, agree measures to tackle Channel crossings
U.K. Prime Minister Rishi Sunak and French President Emmanuel Macron on Friday hailed a “moment of reunion” following years of political turmoil post-Brexit.
When it comes to passing wealth on to kids, women have very different ideas to men
Men and women have different approaches to wealth, and that affects how they plan to pass their money on to future generations, a new UBS report says.
More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000
A number of issues are weighing on cryptocurrency markets including a sell-off in U.S. stocks and issues at Silicon Valley Bank. Bitcoin fell below $20,000.
Many of Europe’s ‘golden visa’ programs are closing — but demand is up in this Mediterranean hotspot
Greece has seen a surge in the number of people applying for its residency by investment program while other European countries call time on such programs.
European banking stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply Friday as jitters surrounding U.S. bank SVB Financial — which plunged 60% Thursday — spread around the world.
VinFast delays U.S. electric vehicle plant operation to 2025
This comes after the Vietnamese EV maker said in February that the North Carolina plant is on track to start production in 2024.
Consumer spending in China isn’t surging back yet, companies say
China has yet to see a strong rebound in consumer spending, according to major companies.
UK economy rebounds with stronger-than-expected January GDP print
The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as an inevitable recession.
