Author: News Desk

United States: The Swiss bank Credit Suisse announced that it will take steps to strengthen its finances by borrowing up to $54 billion from the central bank after its shares crashed, dragging down other large European lenders in the wake of bank collapses in the United States. Credit Suisse stated that it would use a choice to borrow from the central bank up to 50 billion francs ($53.7 billion). With the recent loss of Silicon Valley Bank and Signature Bank in the US, which stoked further concerns about the stability of financial institutions, Credit Suisse shares briefly lost more than…

United States: The United States Secretary of Defense Mr. Lloyd Austin has stated that he talked to his Russian counterpart following the recent downing of a US drone over the Black Sea, which Washington has blamed on Moscow. Mr. Austin has talked with Russian Defense Minister Mr. Sergei Shoigu a day after US officials claimed that a Russian jet made contact with a US MQ-9 Reaper drone, forcing it to be shot down. Moscow has denied that a collision occurred. The discussion would mark the first time that US and Russian military assets have made contact since the war in…

South Korea: The world’s largest electronics maker, Samsung, says it will contribute almost $230.8 billion over a 20-year period to the South Korean government’s effort to create a major semiconductor hub there. By 2042, a chip-making mega cluster will be developed in Gyeonggi Province, with five new Samsung semiconductor plants serving as its cornerstone. According to the South Korean Ministry of Commerce, Industry, and Energy, it would endeavour to draw 150 additional businesses that make materials and components or create high-tech chips. As per Samsung, the new plants would be close to its current domestic manufacturing and will make both…

United Kingdom: A new study has found that having high levels of caffeine in the blood may lower the amount of body fat and reduce the risk of type 2 diabetes. According to the findings published in the BMJ Medicine journal, calorie-free caffeinated drinks can be used to reduce obesity and type 2 diabetes, though further research is required. Dr. Katarina Kos, a senior lecturer in diabetes and obesity at the University of Exeter, stated that the study showed potential health benefits for people with high caffeine levels in their blood. Dr. Kos remarked that “it does not study or…

Japan: Mr. Yoshikazu Higashitani, also known by the online alias GaaSyy, was the first MP to be dismissed from the Japanese parliament in more than 70 years when he neglected to report for duty. Since 1950, the parliament has only ousted two individuals, but this is the first instance of an MP being expelled for frequent absences. Since 1950, the parliament has only ousted two individuals, but this is the first instance of an MP being expelled for frequent absences. The party’s sole platform is reforming NHK, Japan’s state broadcaster. Higashitani hasn’t shown up for a single session since being elected…

Honduras: Honduras President Ms. Xiomara Castro has stated that the country is seeking to open official diplomatic ties with China, which would end its official relationship with the self-ruled island of Taiwan. Ms. Castro, who had earlier announced during her election campaign in 2021 that she would switch ties to Beijing before later backtracking, wrote on Twitter that she had instructed her foreign minister to begin the process of recognising the People’s Republic of China. “The move was a sign of my determination to comply with the government plan and expand borders freely,” the president remarked. The decision comes weeks…

Argentina: According to the most recent consumer price index released by the government, inflation in Argentina has exceeded 100 percent for the first time since 1991. Argentina continues to experience one of its worst economic crises in decades, with annual inflation now standing at 102.5 percent, as per the National Institute of Statistics and Census (INDEC) report for February 2023. Food and drinks were the categories of products most impacted by inflation, which increased by 6.6 percent in February alone. The 9.8 percent increase in food prices was attributed by INDEC to the high cost of meat, dairy, and egg…

United States: FIFA, football’s world governing body, has confirmed that the 2026 World Cup will have 104 matches instead of the typical 64 due to its expanded format. According to the reports, the tournament due to take place in North America will expand from 32 to 48 teams. It will consist of 12 groups of four teams each, a change from the original planned format of 16 groups of three. “The revised format mitigates the risk of collusion and ensures that all the teams play a minimum of three matches while providing balanced rest time between competing teams,” FIFA stated…

Afghanistan: The yearly polio immunisation campaign in Afghanistan has begun under the control of the Taliban, with the goal of reaching more than nine million children under the age of five, stated the health ministry. The last endemic polio countries are Afghanistan and its neighbour Pakistan. Polio is an incurable, highly contagious illness that can leave young children with terrible paralysis and even death. A decades-long vaccination campaign has practically eradicated polio worldwide. However, widespread vaccination campaigns in Afghanistan and some parts of Pakistan have been impeded by insecurity, inhospitable terrain, mass relocation, and suspicion of outside intervention. Once the…

Ukraine: According to Ukraine’s President Mr. Volodymyr Zelenskyy, the outcome of the conflict raging around Bakhmut and other significant cities and towns in the east of the country will determine the nation’s future. In a late-night video speech, Mr. Zelenskyy declared that the future of Ukraine depended on defeating Russian forces advancing on Bakhmut and other war-torn villages in the eastern Donetsk region of the country. “It is very tough in the east, very painful. We need to destroy the enemy’s military might, and we will,” Mr. Zelenskyy remarked. The Russian assault force is alleged to have thrown a sizable…