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19848 articles published since 08 Mar 2022

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Geneva watch show opens in throes of banking turmoil
Geneva watch show opens in throes of banking turmoil
Business and Economy

The Geneva watch fair opened Monday buoyed by booming growth in the watchmaking industry, but insiders warily eyed the banking sector turmoil, evoking painful memories of the 2008 financial crisis. But optimism at the Geneva fair was somewhat dampened by the angst surrounding the turbulence currently lashing the banking sector.

Biden bans US govt use of malicious commercial spyware
Biden bans US govt use of malicious commercial spyware
Business and Economy

US President Joe Biden signed a ban Monday on government use of commercial spyware technology like the controversial Pegasus program, citing its use for political oppression in countries around the world. Biden's order was not a full ban on commercial spyware, but would apply to any program deemed a US security risk, or that is used for political abuse by other governments.

EU orders Italy to recover 400 mn euro loan to Alitalia
EU orders Italy to recover 400 mn euro loan to Alitalia
Business and Economy

The EU's antitrust authorities on Monday told Rome to claw back a 400-million-euro loan given in 2019 to then struggling airline Alitalia, which the bloc ruled was "illegal". The EU had already concluded in September 2021 that Italy's 900-million-euro loans to Alitalia granted in 2017 were illegal under the bloc's state aid rules.

The latest in the banking sector turmoil
The latest in the banking sector turmoil
Business and Economy

Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector. - Credit Suisse fallout - The chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse, has resigned almost two weeks after his comments contributed to the Swiss lender's downfall.

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