Feed us-news-the-guardian US news | The Guardian

Favorite IconUS news | The Guardian

Link https://www.theguardian.com/us-news
Feed http://www.theguardian.com/us-news/rss
Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Updated 2024-10-11 16:15
Michael Irvin plays video of encounter at center of $100m Marriott lawsuit
Wellesley College students vote to admit trans men and non-binary people
Proposal also calls for gender neutral language at women’s college whose alumni include Hillary Clinton and Madeleine AlbrightStudents at the famed Wellesley College for women voted this week to extend admission to trans men and non-binary students, though campus administrators have said there is “no plan” to immediately change school policy.In a non-binding election on Tuesday, students at the liberal arts college in Massachusetts voted to open admission to all non-binary and transgender students, including trans men, reported Wellesley News, the college’s student newspaper. Continue reading...
As cabin crew, I’ve had enough of pushy parents demanding special treatment | Meryl Love
I am fed up of solo flyers – usually women – having to give up their seats just because other passengers have kids in towAfter nearly a decade working as cabin crew for an international airline, I have a sixth sense for when a passenger is about to ask me a question. On a flight last month, two parents stand in the aisle before takeoff, laden with baby gear, huffing and puffing. I clock them gesturing towards a woman seated in an aisle seat, travelling alone.The man calls me over, looking exasperated. He wants to be able to sit with his partner and two young children, but his family’s seats are spread across a row, with an aisle in between them, he tells me. He wants me to ask the woman to move so the family can sit together.Meryl Love is the pseudonym of a crew member working for an international airlineDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
SVB collapse may be start of ‘slow rolling crisis’, warns BlackRock boss
Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise
Virginia deputies charged in man’s death at mental hospital
Seven sheriff’s office employees charged with second-degree murder after man died during intake process at mental hospitalSeven Virginia sheriff’s office employees have been charged with second-degree murder in connection with the death of a 28-year-old man at a state hospital for mental health last week, a local prosecutor said.Henrico county sheriff’s office personnel took the victim, Irvo Otieno, to Central State hospital on 6 March to admit him as a patient, said Dinwiddie county commonwealth’s attorney, Ann Cabell Baskervill, late on Tuesday. Continue reading...
Ohio sues Norfolk Southern over toxic train derailment
Rail company faces 58-count civil lawsuit over chemical-releasing derailment and ‘long string’ of other hazardous incidentsThe state of Ohio is suing the rail giant Norfolk Southern over the derailment of a freight train carrying toxic chemicals through the village of East Palestine last month, calling it one of a “long string” of derailments and hazardous material incidents involving the company.The 58-count civil lawsuit, filed in federal court, seeks to hold the rail company financially responsible for the derailment that caused the release of over 1m gallons of chemicals, calling it “recklessly endangering” to the residents of East Palestine and the state’s natural resources. Continue reading...
March Madness 2023: Which school will rise to top of wide-open field?
Will this be Alabama’s year to cut down the nets? Who is this season’s Cinderella team? Our writers break down the bracket for the NCAA tournamentIt is. Alabama were named the tournament’s top overall seed despite losing five games, two more than fellow No 1 seed Houston. The West region is widely considered a gauntlet that could produce an unlikely Final Four side and pundits can’t even agree on a favorite Cinderella team. Get ready for it to get weird. Gabriel Baumgaertner Continue reading...
First Thing: Moscow told to respect international airspace after US drone crash
UK defence secretary responds after US denounces crash as ‘unsafe and unprofessional’. Plus, inside the controversial world of Pornhub
Tents slashed and supplies destroyed: ‘Cop City’ activists describe police intimidation
Police swarmed camp on Saturday, detained activists and confiscated property; one person arrested, for a traffic ticketA police helicopter circled so close to a house in the leafy Atlanta neighborhood called Lakewood late on Saturday night that a resident said he could “damn near see the pilot”.The resident, who asked for anonymity in order to speak with the Guardian, decided to go to a nearby friend’s house. Others were not so lucky. Several dozen other people, including members of a medical crew, were then rousted from campsites on the resident’s property during a post-dawn police raid that followed. Continue reading...
The perk-cession is here. You lose free food and laundry, but you could have a more satisfying life? | Stefan Stern
With fewer add-on goodies to offer staff, big firms may have to think about workplace culture and a better work-life balance
Pitt and Texas A&M-Corpus Christi tip off March Madness with First Four wins
Watch out for hungry bears! Why Elon Musk’s new town could run into trouble | Arwa Mahdawi
The world’s richest man is building a libertarian utopia in Texas. But when there are no rules or regulations, there can be unexpected problems
As parents, can we all agree that a bit of screen time for children is actually a good thing? | Rhiannon Lucy Cosslett
Letting our children watch TV can feel like a shameful secret. Let’s throw off the guilt and embrace the benefits of CBeebiesAs the baby turns one, I’ve been looking back at the past year – which seems somehow to have been both the longest and shortest of my life – and reflecting on what I’ve learned. I embarked upon parenthood thinking I was at least a little bit prepared in terms of what it involved, only for it to be made swiftly apparent that I am utterly clueless. In fact, one of the sharpest, most humbling lessons so far has been the dawning understanding that no one actually really knows what they are doing most of the time.I suspect that before a baby arrives we all have some ideas about the sort of parents we are going to be, only to guiltily dispense with those “principles” one by one as the child grows. This has never been more apparent to me than when thinking about screen time. How I laugh now at the sweet summer child who obnoxiously recommended the CBeebies Prom to my fellow National Childbirth Trust (NCT) mums, keen to stress that of course I turned his bouncer to face away from the screen. I’m surprised the poor baby didn’t get a crick in his neck from craning to see what was going on. Continue reading...
Emma Raducanu bounced out of Indian Wells by defending champion Iga Swiatek
Federal investigators examined Trump Media for possible money laundering, sources say
New York prosecutors expanded criminal inquiry of company last year and examined acceptance of $8m with suspected Russian tiesFederal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties, according to sources familiar with the matter.The company – Trump Media, which owns Trump’s Truth Social platform – initially came under criminal investigation over its preparations for a potential merger with a blank check company called Digital World that was also the subject of an earlier probe by the Securities and Exchange Commission. Continue reading...
Joe Biden unveils executive order to crack down on law-breaking gun sellers
Merrick Garland, the attorney general, tasked with moving the country ‘as close to universal background checks as possible’Joe Biden announced Tuesday a new slate of executive actions that are aimed at reducing gun violence and the proliferation of guns that are sold to prohibited people.The president spoke at a community center in Monterey Park, California, meeting victims’ families and community members devastated by a mass shooting that claimed 11 lives and injured nine other people in January following a large lunar new year festival in the city’s downtown. Continue reading...
Lake Tahoe’s Emerald Bay completely freezes over for the first time in 30 years
The rare event is the result of the region experiencing its snowiest season in 70 years, with more storms expected to hit the stateAmid an onslaught of intense winter storms that have hit California in recent weeks and sent record snow across the Sierra Nevada, Lake Tahoe’s Emerald Bay has frozen over for the first time in decades.The bay, a treasured landmark on the lake’s south-west shore and popular destination, regularly gets icy during Tahoe’s chilly winters, but has not frozen completely in 30 years. Last week, as temperatures in the region fell below freezing, California state parks staff snowshoed in and found a thin layer of ice covering the bay. Continue reading...
New atmospheric river pummeling California threatens more flooding
Major rivers were overflowing in 16 locations in the state, including in central California where a levee on the Pajaro River failedA powerful atmospheric river pummeling California could cause even more flooding and mudslides in regions already waterlogged after weeks of back-to-back storms.The National Weather Service declared a high risk of excessive rainfall across the state, in both coastal and mountainous communities. “Lives and property are in great danger from Tuesday into Wednesday,” the agency warned. Continue reading...
Miscalculation fears rise after Russian fighter jet collides with US drone over Black Sea
US accuses Russia of ‘unsafe and unprofessional’ intercept of MQ-9 Reaper drone over waters west of Crimea• See all our Ukraine coverageA Russian fighter has collided with a US Reaper drone, forcing it down into the Black Sea, in what US forces called an “unsafe and unprofessional” intercept.A US European Command statement said the collision happened just after 7am on Tuesday morning, when two Russian Su-27 fighter jets flew up to the MQ-9 Reaper drone over international waters west of Crimea. The statement said the Russian pilots sought to disrupt the US aircraft before the collision. Continue reading...
Chris Murphy: Republicans ‘don’t give a crap’ about children or gun violence
The senator, a leading force in the Democratic push for gun control, warns the US is ‘headed towards a very dangerous place’A Democratic US senator at the forefront of a push to enact new gun control measures has said Republicans “don’t give a crap” about children or gun violence.Connecticut’s Chris Murphy – who has been a leading force for Democrat gun control efforts since the 2012 Sandy Hook elementary school shooting killed 26 people in his state, 20 of them children – made the comment in a wide-ranging interview with Salon that was published on Tuesday. Continue reading...
Animal activists and commercial industry at odds after Nike halts use of kangaroo leather
Company will move to synthetic materials but conservationists say culling bans could leave kangaroo populations worse off
Pat Schroeder, Democrat and feminist pioneer in Congress, dies aged 82
One of her biggest victories was signing a family leave bill in 1993, providing job protection for care of a newborn, sick child or parentPat Schroeder, a pioneer for women’s and family rights in Congress who confronted and angered conservatives, has died. She was 82.Schroeder’s former press secretary, Andrea Camp, said the former congresswoman suffered a stroke recently and died on Monday in Celebration, Florida. Continue reading...
North Carolina court appears poised to overrule itself in gerrymandering case
State supreme court previously struck down GOP-drawn congressional map that favored RepublicansThe North Carolina supreme court heard oral arguments on Tuesday in a major gerrymandering case that could have significant implications for US voting rights.In a highly unusual move, the North Carolina court appears poised to overrule itself and get rid of congressional and state legislative districts it approved last year. The GOP-drawn map that was struck down could have produced a 11-3 advantage for Republicans in the congressional delegation. The one that replaced it was far less advantageous to the GOP and wound up producing a 7-7 split in the 2022 midterm elections. The court’s decision would likely allow Republicans to get a more advantageous map back in place. Continue reading...
Trump says the Queen, Diana and Oprah Winfrey ‘kissed my ass’ in letters
Former president promotes book of correspondence with mournful claim that ‘only half’ of those included still like himQueen Elizabeth II, Diana, Princess of Wales, Richard Nixon, Oprah Winfrey, Hillary Clinton and other correspondents will be shown to have “kissed my ass”, Donald Trump said on Tuesday, promoting a forthcoming book of their letters.Letters to Trump will contain 150 missives from figures also including Kim Jong-un and Ronald Reagan. Drawn from Trump’s life before and after he ran for president, the book is due to be published next month. Continue reading...
San Francisco mulls reparation plans including $5m for Black residents
Proposals also include financing debt forgiveness, guaranteed annual incomes for families and homes in the city for $1San Francisco lawmakers will consider a range of options on Tuesday to provide reparations to Black people for decades of racist treatment by the city government, from providing reparation tax credits to helping finance debt forgiveness for Black families.The proposals will be presented at a city meeting today, though there is no immediate timeline for action. The most prominent and controversial proposal is a “one time lump sum payment” of $5m to all eligible Black people, a number that the chair of the city’s reparations committee called “actually low when you consider the harm”. Continue reading...
Rubio rejects DeSantis opposition to Ukraine aid as Republican split grows – as it happened
Florida senator disagrees with governor over characterization of Russia’s invasion as ‘territorial dispute’
Aaron Rodgers reportedly hands Jets ‘wish list’ including Odell Beckham Jr
'Unsafe, unprofessional': US grounds drone after collision with Russian jet, says Pentagon – video
Pentagon press secretary Air Force Brig Gen Pat Ryder told reporters during a press briefing that two Russian fighter jets intercepted an American drone in international airspace, dumping fuel over it and forcing the US to ground the drone. Ryder said: 'At approximately 7:03am CET, one of the Russian Su-27 aircraft struck the propeller of the MQ-9, causing US forces to have to bring the MQ-9 down in international waters'
The Guardian view on Iran and Saudi Arabia: a cautious start | Editorial
Plans for the two countries to restore diplomatic relations are welcome, but are only a modest step forward“Perhaps the first major diplomatic example of a post-America Middle East,” wrote one analyst. He was describing Iran and Saudi Arabia’s agreement last week to resume diplomatic relations – a surprise to most observers, and something of a coup for China, which brokered it. The volatile rivalry between the two nations has been one of the great geopolitical faultlines since the Iranian revolution of 1979. Security concerns, claims to regional leadership, ethno-sectarian rivalries and other factors have all played their part. The repercussions have been profound. The tensions contributed to Iran’s all-out support for the Syrian regime, fuelled the war in Yemen, where more than 150,000 have died, and accelerated the disintegration of the state in Lebanon. Ties were cut in 2016 when Iranian protesters stormed Saudi diplomatic missions over Riyadh’s execution of a revered Shia cleric.But while last week’s announcement was welcome, it is only a beginning. Assuming the deal goes ahead – there are two months for details to be ironed out – the containment of Saudi-Iranian tensions will not necessarily lead to a deeper rapprochement, let alone end Lebanon’s woes or the complex and multifaceted conflict in Yemen. Continue reading...
Ron DeSantis says US should not get ‘further entangled’ in Ukraine war
Florida governor’s remarks align with Trump’s view and are likely to shift sentiment in Republican party away from Ukraine support
Lunchables with ‘improved nutrition’ to be part of US school lunch programs
Ready-to-eat packaged meals will be modified to satisfy federal nutrition regulations and will be offered to students this fallThe ready-to-eat packaged meals – known as Lunchables that are sold at grocery stores and have sustained generations of American schoolchildren are set to be served directly to students at school lunch programs beginning in the fall.But Heinz, the Pittsburgh-based company which manufactures them, first had to change their ingredients to satisfy federal nutrition regulations. Continue reading...
Man allegedly posed as grocery employee to steal $700,000 of seafood
David Subil is accused of posing as grocery employee to steal seafood deliveries from distributor in Washington stateA crab-hungry crook in Washington state has been arrested after allegedly posing as a grocery employee to orchestrate the theft of $700,000 in crustaceans from an unsuspecting seafood distributor.Federal authorities pinched David Subil in late February after they accused him of pretending to work for Safeway grocery so he could pilfer pounds upon pounds of shellfish, according to the Seattle television news station KING. Continue reading...
US hate crimes continued alarming rise in 2021, FBI data shows
Jump of nearly 12% reverses previous, incomplete FBI data that appeared to show a dropThe number of US hate crimes increased again in 2021, continuing an alarming rise, according to FBI data released on Monday.A jump of nearly 12% reverses previous, incomplete FBI information that appeared to show a drop but lacked data from some of the nation’s largest cities, including New York and Los Angeles. Continue reading...
The biggest lie the rich ever told? That money can’t buy you happiness | Arwa Mahdawi
New studies confirm that having more money can improve our wellbeing. So much for the story powerful people have always tried to pushNews just in: money does buy you happiness. Duh, you might say. Anyone could have told you that; it’s hardly a Nobel-prize winning insight. Well, actually, it kinda is: in 2010, Daniel Kahneman, a Nobel prize-winning economist and psychologist, came out with the theory that there was a monetary “happiness plateau”. Once you hit an annual household income of $75,000 (£62,000), earning more money didn’t make you any happier. In 2021, the happiness researcher Matthew Killingsworth released a dissenting study, showing that happiness increased with income and there wasn’t evidence of a plateau. Now the pair have teamed up in a process known as “adversarial collaboration” and released a new study finding that they were both sort of right, but Killingsworth was more right: for most people, earning more money makes you happier.There is some nuance to this. If you are extremely unhappy, happiness apparently increases with household income up to $100,000 (£82,000), then it “abruptly” levels off: there are some problems money can’t fix. For people who are in the “middle range of emotional wellbeing”, happiness increases linearly with income. And for very happy people, happiness accelerates above $100,000. The study didn’t look at incomes above $500,000, so we don’t have any insight into whether joyriding around space is making Jeff Bezos feel truly fulfilled. Or whether Rishi Sunak’s newly heated swimming pool is warming the cockles of his heart.Arwa Mahdawi is a Guardian columnist Continue reading...
US sues Rite Aid for allegedly missing ‘red flags’ in unlawful prescriptions
DoJ alleges pharmacy chain knowingly filled prescriptions that were ‘medically unnecessary’, including opioidsThe US government has sued Rite Aid, one of the nation’s largest pharmacy chains, for allegedly missing “red flags” when it knowingly filled unlawful drug prescriptions – including opioids and fentanyl – and ignored internal controls on its practices.In a complaint filed on Monday, the federal justice department asserted that Rite Aid “filled at least hundreds of thousands of unlawful prescriptions for controlled substances that were medically unnecessary, lacked a medically accepted indication, or were not issued in the usual course of professional practice” between 2014 and 2019. Continue reading...
France’s unions have put up one hell of a fight – and sent a message to the rest of Europe | Cole Stangler
President Macron is facing a titanic battle to secure his pension changes. This standoff sets the tone for future battles elsewhereIf French democracy were in a healthier state, Emmanuel Macron’s pension reform legislation would have already been scrapped by now. Broadly unpopular from the outset, his plans to raise the country’s retirement eligibility age from 62 to 64 have triggered a protest movement – historically large even by French standards – lasting nearly two months.Many in the streets view the bill as a breach of the social contract: workers in France contribute a hefty share of earnings over the course of their careers to support a relatively generous and effective retirement system. Lifting the eligibility floor amounts to a very real cut in benefits, and one that will disproportionately hurt the least well-off. If you talk to the protesters, they’ll tell you this reform is cruel and unjust. Continue reading...
Joe Biden says Jimmy Carter has asked him to deliver his eulogy
President reveals he visited his Democratic predecessor, who is receiving hospice care at home in Plains, GeorgiaJimmy Carter – who entered home hospice care in February – has asked fellow Democratic president Joe Biden to eulogize him after he dies, Biden has revealed.Biden told people at a fundraiser in Rancho Santa Fe, California, on Monday that he had recently visited Carter after the 98-year-old former president’s health had “finally caught up with him”, according to multiple reports on the remarks. Continue reading...
US, UK and Australia embarking on a 'path of error and danger', says China – video
China's foreign ministry spokesperson Wang Wenbin told reporters that the US, UK and Australia 'are walking further down the path of error and danger'. The comments were made in a press conference in response to the Aukus partners' announcement of a multibillion-dollar deal on nuclear-powered submarines. The deal, made by leaders during a meeting in San Diego, will provide Australia with nuclear-powered submarines in an effort to counter the rise of China in the Indo-Pacific. The Chinese government accuse the three countries of pursuing a deal 'for the sake of their own geopolitical interests disregarding the concerns of the international communities' Continue reading...
Dick Fosbury, the champion who transformed the high jump, dies aged 76
The American Olympic champion Dick Fosbury, who revolutionised the high jump with a technique that became known as the Fosbury Flop, has died aged 76. Fosbury shot to fame in 1968, when he won high-jump gold in Mexico City after a final that lasted more than four hours. He set what was at the time a new Olympic record of 2.24 metres, a feat that ensured his technique would become the standard. His technique involved jumping backwards and arching his back over the bar, thereby reversing and ripping up decades of high jump orthodoxy.
Appetite, pain and money: How does an NBA player know when to retire?
Hall of famer Robert Parish played more NBA games than anyone in history. He says stepping away from the league was an easy decision to makeThere are few professions in which your career will almost certainly be over by the time you’re in your late 30s. Yet, in professional basketball this is the case. The game is just too fast, too physical for someone who has lost a step. It’s tough to swap the excitement and money for a more humdrum life. Some in professional sports, including Hall of Fame quarterback Steve Young, have even likened retirement to “death”.So, how do NBA players decide when it’s time to go? It’s helpful to look to the man who played the most games in league history (1,611 in the regular season and 184 more in the playoffs), Boston Celtic great and four-time NBA champion, Robert Parish. If anyone knows, it’s him. Continue reading...
World Baseball Classic: USA crush Canada as GB get their first-ever win
First Thing: global markets gripped by Silicon Valley Bank collapse
Bank shares slide around world amid panic caused by SVB failure as its parent company and two top executives are sued by shareholders. Plus, what’s next for Escobar’s hippos?
Biden just betrayed the planet – and his own campaign vows | Rebecca Solnit
Biden promised no more drilling on federal lands, ‘period, period’. This week he approved the massive Willow projectThe Willow project is an act of terrorism against the climate, and the Biden administration has just approved it. This massive oil-drilling project in the wilderness of northern Alaska goes against science and the administration’s many assurances that it cares about climate and agrees that we must make a swift transition away from fossil fuel. Like the Canadian prime minister, Justin Trudeau, Joe Biden seems to think that if we do some good things for the climate we can also do some very bad things and somehow it will all even out.To make that magical thinking more obvious and to try to smooth over broad opposition, the US federal government also just coughed up some protections against drilling in the Arctic Ocean and elsewhere in the National Petroleum Reserve (and only approved three of the five drilling sites for ConocoPhillips’ invasion of this wilderness). Of course, this is like saying, “We’re going to kill your mother but we’re sending guards to protect your grandmother.” It doesn’t make your mom less dead. With climate you’re dealing with physics and math before you’re dealing with morality. All the carbon and methane emissions count, and they need to decrease rapidly in this decade. As Bill McKibben likes to say, you can’t bargain with physics.Rebecca Solnit is a Guardian US columnist. Her most recent books are Recollections of My Nonexistence and Orwell’s Roses Continue reading...
The Iraq War started the post-truth era. And America is to blame | Moustafa Bayoumi
The Iraq war ushered in a style of politics where truth is, at best, an inconvenienceThis month marks the 20th anniversary of the US invasion of Iraq. While, tragically, there are almost too many victims to tally from this criminal act of America’s making, the notion of truth must certainly count as primary among them.We must not forget how the George W Bush administration manipulated the facts, the media and the public after the horrific attacks of 9/11, hellbent as the administration was to go to war in Iraq. By 2.40pm on 11 September 2001, mere hours after the attacks, Donald Rumsfeld, the then secretary of defense, was already sending a memo to the joint chiefs of staff to find evidence that would justify attacking the Iraqi leader Saddam Hussein (as well as Osama bin Laden).Moustafa Bayoumi is the author of the award-winning books How Does It Feel to Be a Problem?: Being Young and Arab in America and This Muslim American Life: Dispatches from the War on Terror. He is a professor of English at Brooklyn College, City University of New York Continue reading...
Election-denying donors pour millions into key Wisconsin supreme court race
‘An organized group of insurrectionists’ is seeking to swing a vote with big implications for voting rights, redistricting and abortionMore than $3.9m has poured into the Wisconsin supreme court election from individuals and groups involved with promoting election disinformation and attempts to overturn the 2020 election, according to an analysis of campaign spending by the Guardian.The contributions, in support of the conservative candidate Daniel Kelly, come amid a race that has broken national campaign spending records. According to a campaign finance tracker by the Brennan Center for Justice, political ad orders for the liberal county judge Janet Protasiewicz and conservative Kelly have reached at least $20m in anticipation of the 4 April general election. Continue reading...
Why are there so few Black team owners in US professional sports?
A look at the fortified glass ceiling that casts a shadow over one of the most exclusive clubs in the worldAs billionaire flexes go, owning a major sports franchise is hard to beat. You get to prance around in the owner’s suite and host dignitaries and celebrities who gush over your prized position, all the while watching your investment sprout revenue like a magical beanstalk. Team owners cash in on television rights (ka-ching!), ticket sales (ka-ching!), licensing fees (ka-ching!) and sponsorship deals (ka-ching!).But the most profitable moment for any sports franchise owner is when their team is up for sale. That’s when other billionaires swarm in, hoping to join one of the most exclusive clubs in the world (ka-ching-a-ding-ding!). Continue reading...
‘I’m a little hard to pin down’: country star Brad Paisley becomes unlikely Ukraine advocate
The three-time Grammy winner appeared at the White House to perform his new, pro-Ukraine song – which has a cameo from ZelenskiyWearing white cowboy hat, black suit and black tie, country singer and guitar virtuoso Brad Paisley strode on stage in the East Room of the White House before a bipartisan audience.It was a Saturday night and, fittingly, he began the 40-minute set playing his hit song American Saturday Night – but with an amended lyric. “I had to change the second line because it mentioned Russia, and I don’t do that any more,” he explained.
Silicon Valley Bank: parent company, CEO and CFO sued amid market turmoil
Proposed class-action lawsuit claims bank failed to reveal how rising interest rates made it ‘particularly susceptible’ to failureSVB Financial Group and two top executives have been sued by shareholders over the collapse of Silicon Valley Bank, as global stocks continued to suffer on Tuesday despite assurances from US president Joe Biden.The bank’s shareholders accuse SVB Financial Group chief executive Greg Becker and chief financial officer Daniel Beck of concealing how rising interest rates would leave its Silicon Valley Bank unit “particularly susceptible” to a bank run. Continue reading...
Aukus announce development of nuclear powered submarine 'SSN Aukus' – video
Joe Biden, Rishi Sunak and Anthony Albanese unveiled details of a plan to provide Australia with nuclear-powered attack submarines, a major step aimed at countering China's ambitions in the Indo-Pacific. The first of the new vessels are expected to be seaworthy by the end of 2030s, with Australia receiving theirs in the early 2040s
Silicon Valley Bank: global banking shares slide as fallout spreads
Stock markets fail to be reassured by Joe Biden’s intervention, as SVB failure is followed by Signature
...347348349350351352353354355356...