The death toll in Turkey from last month’s major earthquakes has risen to 48,448, Interior Minister Suleyman Soylu said on Monday, as authorities rush to set up container cities to house for the longer-term those left homeless by the disaster. The combined death toll including those killed in Syria has climbed to more than 54,000. […]
Cyclone Freddy, one of the most powerful storms ever recorded in the southern hemisphere, has killed 190 people in Malawi after ripping through southern Africa for the second time in a month, Malawi’s government said on Tuesday. The district around the commercial hub of Blantyre was among the hardest-hit. Severe flooding and rain damaged roads […]
Shares of Tech Mahindra Ltd surged nearly 10% on Monday after the Indian information technology services firm appointed Infosys Ltd veteran Mohit Joshi as its new managing director and chief executive officer. Joshi has been with rival Infosys for 22 years, and is currently the president at the company. He will take charge of the IT arm […]
Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar. U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of SVB threatened […]
Applied Materials, which makes equipment to produce chips, said on Monday that its board has approved a new $10 billion share repurchase scheme, and also raised its quarterly dividend. Shares of the Santa Clara, California-based company rose more than 1% in trading before the bell. The newly approved buyback scheme adds to its previous authorization, […]
Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the $3.3 billion USDC reserve deposit held at Silicon Valley Bank will be fully available when banks open Monday. Circle’s announcement comes after the U.S. administration on Sunday stepped in with series of emergency […]
Novartis said on Monday it received regulatory clearance to open a separate trading line for potentially up to 16.5 billion Swiss francs ($18.1 billion) in stock repurchases even as its ongoing $15 billion buyback programme is close to completion. At last week’s annual shareholder meeting, the company won investor authorization for up to 10 billion […]
Pfizer Inc struck a $43 billion deal for Seagen Inc to add innovative targeted therapies to its portfolio of cancer treatments as it braces for a steep fall in COVID-19 product sales and stiff competition for some top sellers. Monday’s deal, Pfizer’s biggest in a string of acquisitions following a once-in-a-lifetime cash windfall from its COVID-19 vaccine […]
Mozambique and Malawi on Monday were counting the cost of Tropical Storm Freddy, which killed more than 60 people, injured scores and left a trail of destruction as it ripped through southern Africa for the second time in a month over the weekend. Freddy is one of the strongest storms ever recorded in the southern […]
The Bank of England said on Friday that it was seeking a court order to place Silicon Valley Bank UK Limited into an insolvency procedure, after U.S. regulators took over its parent company, SVB Financial Group, earlier in the day. “SVB UK has a limited presence in the UK and no critical functions supporting the […]
