Economy
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New York:  HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99). more
Signature Bank: After Silicon Valley Bank another US-based bank now collapses

Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...

Saudi Arabian oil giant Aramco's net income rises 46.5 pct YoY to USD 161.1 billion

Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a ...

US: California regulator shuts Silicon Valley Bank

Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Ins ...

Bitcoin trading below usd 20,000 after 8 pc drop

Moscow: The price of Bitcoin, the largest cryptocurrency, dropped 8.07% and was trading at $19,970 on the Binance cryptocurrency exchange, trading data showed on Friday.

Pakistan: Honda shuts plant amid economic crisis

Islamabad: Honda Atlas Cars, the assembler of Honda automobiles in Pakistan, on Wednesday announced it will be shutting down the plant for the remainder of the month.

Meta plans to slash thousands of employees this week: Report

California: Meta Platforms Inc., which is the owner of popular social media platforms Facebook and Instagram, is planning another round of layoffs and will slash thousands of employees in ...

Toblerone can no more claim itself to be Swiss-made, to change its design due to 'Swissness' rules

Popular chocolate brand Toblerone can no longer be called Swiss-made as its American owners are shifting some of its production outside Switzerland.

Video conferencing platform Zoom removes President Greg Tomb: Reports

California: Video conferencing platform Zoom has removed its President  Greg Tomb.

China to increase defence budget by 7.2 pct

Beijing: China on Sunday announced the draft budget where the country said it will increase the annual defence budget by 7.2 percent.