On March 16, Credit Suisse announced
that it will take out a $54 billion
loan from Switzerland's central bank.
NBC reports that the move comes amid fears of a , global banking crisis.
Following the collapse of two major banks in
the United States, investors have signaled widespread
concerns regarding the stability of the financial sector.
Following the collapse of two major banks in
the United States, investors have signaled widespread
concerns regarding the stability of the financial sector.
Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.
Credit Suisse, the second-largest commercial lender in Switzerland, saw its stock recover by about 20% following its loan announcement.
The move reversed course on
a steep decline in the wake of the collapses
of Silicon Valley Bank and Signature Bank.
The move reversed course on
a steep decline in the wake of the collapses
of Silicon Valley Bank and Signature Bank.
NBC reports that a number of midsized and regional
banks remain under pressure, including
First Republic, PacWest and Western Alliance.
.
Earlier this week, First Republic's stock
was downgraded to junk status by two
major credit rating agencies.
.
Following the downgrade, stock
in First Republic plunged 35%.
Meanwhile, stock in regional banks
PacWest and Western Alliance
was down 17% and 11%, respectively.
England's Luke Shaw says he is fit and ready for the team's Euros semi-final game against the Netherlands on Wednesday. Shaw came on in the final minutes of the quarter-final game against Switzerland having battled to regain fitness from an injury in February.
Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Netherlands came back in the second half thanks to a De Vrij header and a Turkey own goal. They'll be facing England in the semifinal, who beat Switzerland 5-3 on penalties in the earlier Saturday tie.
Credit: euronews (in English) Duration: 00:49Published
Ukrainian President Zelensky is developing a comprehensive peace plan to end the war with Russia, seeking global support. He recently hosted an international summit in Switzerland, excluding Russia, to rally backing for Ukraine's position. However, peace talks remain stalled due to stark differences between Ukrainian and Russian demands. The conflict continues with slow Russian advances, while Ukraine relies heavily on Western aid.
#Ukraine #VolodymyrZelensky #RussiaUkrainewar #Ukrainewar #Zelensky #Russiawarlive #Ukrainewarlive #Worldnews #Oneindia #Oneindianews
~HT.178~PR.320~ED.155~GR.124~
Celine Dion wasn't the only one fighting back tears during her amazing Olympics performance ... Kelly Clarkson was also reaching for the Kleenex box! Kelly was.. TMZ.com
Lisa Kudrow says she's finally rewatching 'Friends' because of Matthew Perry. The actress has previously admitted that she couldn't bring herself to watch reruns of the beloved NBC sitcom, explaining she didn't want to risk not liking her work on the show. But in a recent interview with The Hollywood Reporter to promote her upcoming Apple TV+ series 'Time Bandits,' Kudrow revealed that she's begun to revisit old 'Friends' episodes, in large part to keep the memory of her late co-star Perry alive. Perry died October 28th, 2023, at age 54.
Credit: The Hollywood Reporter Duration: 01:26Published
Travis Kelce , Makes First Onstage Appearance With, Taylor Swift.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
On June 23, at the fourth of eight London
Eras Tour shows, Taylor Swift brought her all-star
boyfriend, Travis Kelce, on stage for the first time.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce appeared on the diamond walkway
at Wembley Stadium for his first-ever
onstage appearance with Swift.
Kelce performed alongside Swift for the intro
of 'I Can Do It With a Broken Heart' in the
new 'Tortured Poets' era of the show.
Normally, for the final transition of the show,
Swift is accompanied by two male dancers
who carry her to a heart-shaped couch. .
NBC reports that Kelce appeared in full
costume and showed off both his acting
and dancing skills while on stage.
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The upbeat track from Swift's latest album
is reportedly about the wildly successful
Eras Tour and her breakup with
longtime partner Joe Alwyn in 2023. .
The pair's high-profile relationship
has been going on for almost a year,
beginning with rumors last summer.
In September, the couple went public
with their relationships at a Kansas City
Chiefs game against the Chicago Bears.
According to NBC, Kelce had
already attended a number of
Swift's London Eras shows. .
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show.
Earlier this week, Swift posted a picture to Instagram of
her and Kelce with Prince William, Prince George and
Princess Charlotte, who also attended the June 20 show
Credit: Wibbitz Top Stories Duration: 01:31Published
Supreme Court Rejects , Challenge to Tax Law on, Foreign Investments.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
On June 20, the Supreme Court upheld a tax on foreign
corporate investments enacted by a Republican-controlled
Congress under former President Donald Trump.
NBC reports that the case had attracted scrutiny when
conservative Justice Samuel Alito refused to recuse
himself despite ties with one of the challenging lawyers.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
The case revolved around whether an individual can be
forced to pay taxes on investments in foreign-owned
companies regardless of if they were a source of income.
According to the 16th Amendment
of the Constitution, Congress has the
power to "collect taxes on incomes.".
In the case, Charles and Kathleen Moore claim they were
unfairly taxed on their $40,000 investment in an
India-based company called KisanKraft Machine Tools. .
While the company made a profit, the Moores
claim that they received no dividends and that
the money was reinvested in the business.
As a result, the Moores did not pay taxes between
2006 and 2017 on what the U.S. government later
defined as income from their investment. .
Due to a provision that was part of a major tax law
enacted by former President Donald Trump in 2017,
the Moores paid $15,000 in additional taxes.
They later sought a refund for that payment,
arguing that they had been unlawfully taxed
based on an increase in the value of a capital
investment not qualifying as income.
The couple's challenge was rejected
by the Supreme Court 7-2
Credit: Wibbitz Top Stories Duration: 01:30Published
Surgeon General Wants, Social Media to Include , Warning of Mental Health Risks.
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
On June 17, Surgeon General Vivek Murthy
called on Congress to require social media
platforms to give users a tobacco-style warning. .
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
NBC reports that Murthy warned that the
mental health crisis among young Americans
has become an urgent problem, citing social
media as "an important contributor.".
According to Murthy, the warning would include
language that alerts users to potential mental health
harms associated with using social media.
A surgeon general’s
warning label, which requires
congressional action, would
regularly remind parents and
adolescents that social media
has not been proved safe, Vivek Murthy, U.S. Surgeon General, via NBC.
Evidence from tobacco labels
shows that surgeon general’s
warnings can increase
awareness and change behavior, Vivek Murthy, U.S. Surgeon General, via NBC.
Murthy reportedly went on to
acknowledge that a warning alone has
limitations and fails to make social media safe.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
In an op-ed published in 'The New York Times,'
Murthy linked the amount of time spent using
social media with an increased risk for children
to develop anxiety and depression.
According to the American Psychological Association,
teens spend around five hours a day on popular
platforms like Instagram, TikTok and YouTube. .
In his 'NYT' op-ed, Murthy called on all social media
platforms to "proactively enhance and contribute to
the mental health and well-being of our children.".
One 2019 study found that the number of teens with suicidal thoughts increased 47% between 2008 and
2017, a period which also saw social media use soar.
Credit: Wibbitz Top Stories Duration: 01:31Published
Swiss Officials , Reach Emergency Deal , to Save Credit Suisse.
On March 19, Swiss officials announced
a last-minute deal for an emergency takeover of
the troubled Credit Suisse by fellow banking..
Credit: Wibbitz Top Stories Duration: 01:31Published
![Luke Shaw says he is fit for Netherlands game [Video]](https://video.newsserve.net/300/v/20240708/1380950352-Luke-Shaw-says-he-is-fit-for-Netherlands.jpg)
![Euro 2024 live: Game over in Berlin! Netherlands reach semifinals after beating Turkey 2-1 [Video]](https://video.newsserve.net/300/v/20240706/1380789050-Euro-2024-live-Game-over-in-Berlin!-Netherlands.jpg)
![Euro 2024 quarter-finals: Turkey face Netherlands while England face Switzerland [Video]](https://video.newsserve.net/300/v/20240706/1380758550-Euro-2024-quarter-finals-Turkey-face-Netherlands-while.jpg)
![WATCH: Tragic storms in Valais, extensive recovery efforts initiated [Video]](https://video.newsserve.net/300/v/20240701/1380177464-WATCH-Tragic-storms-in-Valais-extensive-recovery-efforts.jpg)
![Putin's Fear Spooks Zelensky: Ukraine Plans New Peace Deal to End the war before 2025 [Video]](https://video.newsserve.net/300/v/20240701/1380175362-Putin-Fear-Spooks-Zelensky-Ukraine-Plans-New.jpg)
![Lisa Kudrow Reveals She's Rewatching 'Friends' for Matthew Perry | THR News Video [Video]](https://video.newsserve.net/300/v/20240627/1379720282-Lisa-Kudrow-Reveals-She-Rewatching-Friends-for.jpg)
![Travis Kelce Makes First Onstage Appearance With Taylor Swift [Video]](https://video.newsserve.net/300/v/20240624/1379480572-Travis-Kelce-Makes-First-Onstage-Appearance-With-Taylor.jpg)
![Supreme Court Rejects Challenge to Tax Law on Foreign Investments [Video]](https://video.newsserve.net/300/v/20240620/1379117630-Supreme-Court-Rejects-Challenge-to-Tax-Law-on.jpg)
![Surgeon General Wants Social Media to Include Warning of Mental Health Risks [Video]](https://video.newsserve.net/300/v/20240617/1378826624-Surgeon-General-Wants-Social-Media-to-Include-Warning.jpg)
![Swiss Officials Reach Emergency Deal to Save Credit Suisse [Video]](https://video.newsserve.net/300/v/20230320/1349939897-Swiss-Officials-Reach-Emergency-Deal-to-Save-Credit.jpg)
