cover image of Contagion Contained, For Now...

Japan's top government spokesperson reassured the markets that the country's banking system was stable and would not be affected by the banking sector woes in the US and Europe.

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Credit Suisse has announced that it will borrow up to $54 billion from the Swiss central bank in order to stabilize its liquidity and restore investor confidence.

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Silicon Valley Bank's collapse has sent shockwaves through the global banking industry, leading to widespread concerns about the financial stability of lenders.

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On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.

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This growing exodus highlights the UK's struggle to attract and keep companies, despite the government's efforts to revive the City and entice businesses from competing exchanges.

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 cover image of U.S. Retail Sales Smash Estimates

Retail sales increased more than expected in January, despite rising inflation. According to the Commerce Department, sales for the month rose by 3%, exceeding the expected rise of 1.9%.

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 cover image of A Shallow Recession?

The International Monetary Fund has even increased their prediction for global growth in 2023, and the once inevitable European recession is now not seen as such a big concern.

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 cover image of Adani's Troubles

The crisis was caused by a report from U.S. short-seller Hindenburg Research accusing Adani of stock manipulation, excessive debt, and use of tax havens.

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 cover image of Greenlight Capital Stages A Comeback

Greenlight Capital saw a return 36.6% for 2022 thanks to its strategy of shorting overpriced technology stocks. The Nasdaq Composite index, which is heavily weighted toward technology, fell 33%.

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 cover image of Self-Driving Hasn't Arrived Yet

Despite lofty claims of having running fleets of autonomous vehicles by the start of the 2020s, automotive producers and robotaxi startups have to re-adjust their clams.

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 cover image of The 2% Goal

Central bankers believe that by setting an inflation target, they establish credibility for themselves and help individuals and businesses plan in ways that will help to keep inflation under control.

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