NANNING (XINHUA) – A new nuclear power unit using Hualong One, a domestically designed third-generation nuclear reactor, was put into operation in south China’s Guangxi Zhuang Autonomous Region on Saturday, paving the way for commercial operation. With the operation of the Number three unit of the Fangchenggang nuclear power station

Switzerland’s largest bank, UBS, is buying its rival Credit Suisse for $3.2 billion through an acquisition deal meant to protect the Swiss economy after panic erupted following the collapse of the U.S.-based Silicon Valley Bank (SVB) and Signature Bank earlier this month. “With the takeover of Credit Suisse by UBS,

In 1961, he created Delta Cafés. “In the Alentejo village of Campo Maior, in a small warehouse measuring 50 square meters and without great resources, it starts its activity with just two roasting balls with a capacity of 30 kg”, can be read on the company’s website, now 62 years

Shares of Swiss bank lose more than a quarter of their value in one day, dragging down European and US markets. Shares in Credit Suisse have plunged and dragged down other major European lenders as fears about deeper problems in the world banking system have spread in the wake of bank

Signature Bank, a New York-based regional bank that became a leader in cryptocurrency lending, shuttered suddenly on Sunday, marking the third-biggest bank failure in U.S. history just two days after the country’s second biggest failure, Silicon Valley Bank, rocked the stock market and reignited fears of “challenging and turbulent” economic

Federal officials spent the weekend trying to calm fears around the sudden closure on Friday of Silicon Valley Bank that could cause another round of destabilization. The Federal Deposit Insurance Corp. announced emergency measures that would protect bank customers big and small as another bank, the third in a week, closed over

UK tech ecosystem welcomes government intervention to facilitate HSBC purchase after the collapse of SVB left many UK startups unable to access their deposits. The California-based Silicon Valley Bank (SVB) has collapsed in the largest bank failure since 2008, prompting HSBC to purchase the bank’s UK arm for just £1

The Bank of England is set to put Silicon Valley Bank UK into insolvency as soon as this evening – with tech champions warning that the bank’s collapse could be an extinction-level event for a host of UK firms. The bank’s accounts are effectively frozen, meaning that firms will be

Jeremy Hunt this morning said there is a ‘serious risk’ to UK tech firms following the collapse of Silicon Valley Bank – but Labour’s Rachel Reeves said she is concerned about the urgency shown by the government. Chancellor Jeremy Hunt has warned that the collapse of a US bank could

Hong Kong CNN — The outgoing president of Micronesia has accused China of engaging in “political warfare” in the Pacific, in an explosive letter advocating for the the dissolution of diplomatic ties with Beijing. In the 13-page letter, which CNN has obtained, David Panuelo alleges China is preparing to invade the self-ruled island of

LISBON, March 6 (Reuters) – Portugal’s government has sacked the chief executive of the state-owned airline TAP in the wake of a scandal involving an irregular severance payment of 500,000 euros to a former executive board member, Finance Minister Fernando Medina said on Monday. He told a news conference CEO Christine Ourmières-Widener,

  The US may invest in Azerbaijan’s green energy production and exports, US Deputy Assistant Secretary for Energy Diplomacy in the Bureau of Energy Resources Laura Lochman said, Azernews reports. The official made the remarks at the 9th Southern Gas Corridor Advisory Council Ministerial Meeting in Baku. Noting that the