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☆ U.S. can 'certainly' afford military support to both Israel and Ukraine, Janet Yellen says
  + stars: | 2023-10-16 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
U.S. Treasury Secretary Janet Yellen said the country can "absolutely" afford to financially support both Israel and Ukraine in their respective war efforts. Asked in an interview with Britain's Sky News on Monday whether the U.S. could afford to be providing military support to Israel and to Ukraine in its ongoing war with Russia, Yellen said "the answer is absolutely." "America can certainly afford to stand with Israel and to support Israel's military needs and we also can and must support Ukraine in its struggle against Russia," Yellen said, adding that the U.S. economy is doing "extremely well." "We stand with Israel. America has also made clear to Israel, we're working very closely with the Israelis, that they have a right to defend themselves," Yellen told Sky News' Wilfred Frost.
Persons: Janet Yellen, Joe Biden, Washington's, Benjamin Netanyahu, Biden, Antony Blinken, Yellen, it's, Kevin McCarthy, we're, Wilfred Frost Organizations: Treasury, Palestinian, Hamas, White, CBS, Britain's Sky, Russia, Republicans, Sky News Locations: Israel, Ukraine, Gaza, Palestinian, U.S, Russia, America
☆ Who is on the missing Titanic sub?
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +4 min
Courtesy of Jannicke Mikkelsen/via REUTERS/File PhotoJune 20 (Reuters) - A five-person submersible vessel taking wealthy adventurers on a $250,000 trip to see the wreckage of the 1912 Titanic disaster 12,500 feet (3,800m) undersea is missing in the Atlantic off Canada. The British billionaire and chairman of aviation consultancy Action Aviation is among those missing, according to his stepson. The 77-year-old French explorer, whom media say is one of the five on board, is director of underwater research at a company that owns the rights to the Titanic wreck. The founder and CEO of the vessel's U.S.-based operating company OceanGate is also on the submersible, according to media reports. "It is an amazingly beautiful wreck," Rush told Britain's Sky news of the Titanic earlier this year.
Persons: Hamish Harding, Jannicke Mikkelsen, HAMISH HARDING, Harding, Buzz Aldrin, Aldrin, SHAHZADA DAWOOD, SULEMAN, Shahzada, PAUL, HENRI NARGEOLET, Rush, Britain's, OceanGate, Ariba Shahid, Kate Holton, Dominique Vidalon, Yousef Saba, Andrew Cawthorne, Christina Fincher, Alexandra Hudson Organizations: Titanic, WHO, Action Aviation, Engro Corporation, SETI, French Navy, France Bleu, STOCKTON RUSH, Britain's Sky, Reuters, Alexandra Hudson Our, Thomson Locations: Atlantic, Canada, British, Dubai, Newfoundland, fertilisers, California, Britain, U.S, Everett, Washington State, Pacific, Gulf of Mexico, Karachi, London, Paris
☆ Bank shares rise after Credit Suisse rescue eases crisis
  + stars: | 2023-03-20 | by ( Amanda Cooper Tom Westbrook John Revill | Amanda Cooper | Tom Westbrook | ) www.reuters.com   time to read: +6 min
In a package engineered by Swiss regulators on Sunday, UBS Group AG (UBSG.S) will pay 3 billion Swiss francs ($3.2 billion) for 167-year-old Credit Suisse Group AG <CSGN.S>, which was once worth more than $90 billion. European bank shares inched into positive territory (.SX7P) while shares in U.S. financial giants Citigroup (C.N) and JPMorgan Chase (JPM.N) rose 1.2% and 0.7% respectively. Investor focus had shifted to the massive blow some Credit Suisse bondholders will take, a new worry in a rolling banking sector crisis sparked by the collapse of midsize-U.S. lenders Silicon Valley Bank (SVB) and Signature Bank (SBNY.O) earlier this month. [1/2] Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland March 20, 2023. QUESTIONS FOR UBSThe deal to buy Credit Suisse will make UBS Switzerland’s only global bank and the Swiss economy more dependent on a single lender.
☆ Bank shares slide as Credit Suisse rescue fails to quell contagion fears
  + stars: | 2023-03-20 | by ( Amanda Cooper Tom Westbrook John Revill | Amanda Cooper | Tom Westbrook | ) www.reuters.com   time to read: +6 min
In a package engineered by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG (CSGN.S) and assume up to $5.4 billion in losses. Investor focus has now shifted to the massive blow some Credit Suisse bondholders will take, adding to anxiety about other banking sector risks including contagion and the fragile state of U.S. regional lenders. UBS acquiring Credit Suisse for 3 billion francs a week ago would have seemed like a terrific deal. Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland March 20, 2023. QUESTIONS FOR UBSThe deal to buy Credit Suisse will make UBS Switzerland’s only global bank and the Swiss economy more dependent on a single lender.
☆ Mike Pence did not file to run for president, adviser says
  + stars: | 2022-12-26 | by ( ) www.reuters.com   time to read: 1 min
Dec 26 (Reuters) - Former U.S. Vice President Mike Pence has not filed to run for president in 2024, his adviser Devin O'Malley said on Twitter following a report on Monday by Britain's Sky News that Pence had filed a statement of candidacy with the Federal Election Commission. Reporting by Akanksha Khushi in Bengaluru; Editing by Sandra Maler and Howard GollerOur Standards: The Thomson Reuters Trust Principles.
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