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Greek unions launch 24-hour walkout over train tragedy
Greek unions on Thursday begin a 24-hour walkout with demonstrations planned in major cities to voice outrage over last month's train disaster, which claimed 57 lives. The tragedy has exposed decades of safety failings in Greek railways and has put major pressure on the conservative government ahead of national elections.
Market turmoil tests ECB rate hike appetite
European Central Bank governors will meet Thursday, with fears over a widening banking crisis testing their resolve to raise interest rates again by a hefty half percentage point.
Philippine social media users face barrage of bogus medical posts
Philippine vlogger Rosanel Demasudlay holds a heart-shaped "virginity soap" bar in front of the camera and assures her hundreds of YouTube followers it can be safely used to "tighten" their vaginas. She falsely claimed the "Bar Bilat Virginity Soap" had been approved by the Philippine Food and Drug Administration as a treatment for skin conditions and a way to tighten the vagina.
Banks feel impact as Asian markets are hit by contagion fears
Asian markets slid Thursday, led again by banks, with contagion talk sweeping across trading floors owing to fears about European giant Credit Suisse. And now there is talk of the European Central Bank also calling a halt to its hiking campaign, despite inflation remaining elevated.
Credit Suisse says it will borrow up to $53.7 bn from central bank
Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. In a statement, Credit Suisse said the central bank loan of up to 50 billion francs ($53.7 billion) would "support... core businesses and clients", adding it was also making buyback offers on about $3 billion worth of debt.
Social media frenzy fuels bank busting panic
Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions. At that time, Twitter and iPhones were fledgling products; there were no WhatsApp groups, no Slack chat threads, Welburn noted.
Push for carbon-free hydrogen accelerates in US
A source of renewable and storable energy, hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major investments. Green hydrogen is produced through renewable sources.
Russia calling? Scammers target high-level Western officials
A pro-Russian prankster impersonates a former US ambassador to Moscow in live video calls, part of a disinformation campaign that researchers say seeks to ensnare high-level Western officials since the invasion of Ukraine.
Once dying, then a novelty, vinyl is back and thriving
Like many people in his generation, Vijay Damerla finds most of his new music online -- but the 20-year-old is slowly becoming a vinyl junkie, amassing records in his room. "I've been doing this for like 30 years... a new generation, kids, they come in look for all the music from the 1930s and 40s and 50s."
AFP
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