Federal regulators will safeguard all deposits at Silicon Valley Bank, including money that isn’t normally covered by federal deposit insurance, the Treasury Department announced Sunday evening, a rare and sweeping move just days after the tech-focused bank rapidly collapsed.
The U.S. government posted a $262 billion budget deficit in February, up 21% from a year earlier, as outlays grew and revenues fell, due largely to higher tax refunds issued as the Internal Revenue Service worked through a substantial backlog of unprocessed returns.
China has effectively denied anti-Israeli sentiments in brokering Friday’s peace talks between Iran and Saudi Arabia after Israel expressed concern about the developments.
Israel’s military hit targets in western Syrian on Sunday, wounding three Syrian soldiers, Syrian state media reported.
Israelis packed city streets on Saturday in nationwide demonstrations now in their 10th week against plans by the hard-right government to curb the Supreme Court’s powers, which critics see as a threat to judicial independence.
The airforces will include different types of training: “strategic attack in depth, achieving aerial superiority in space, joint attack aircraft, defense of field cells, interception of enemy aircraft, low-altitude flight and attack in unfamiliar terrain rich in anti-aircraft defenses,” the army spokesperson said in a statement.
Pressure mounted Sunday on the Czech Republic’s government after up to 25,000 people demanded its resignation amid anger about the Czech military support for Ukraine and high inflation.
Russia says its forces continue to attack Ukraine’s eastern Donetsk region and claims to have killed over 220 Ukrainian troops over the past 24 hours. However, the ongoing Russian invasion of Ukraine has caused hardship on both sides.
World leaders are anxiously monitoring the global ramifications of Friday’s sudden collapse of startup lender Silicon Valley Bank Financial Group (SVB), the largest bank to fail since the 2008 financial crisis.
Georgia’s parliament dropped a controversial “foreign agent registration” bill after massive protests and warnings it could hamper the country’s efforts to join the European Union and NATO military alliance.
China’s leader Xi Jinping was formally reappointed as the nation’s president for a third 5-year term in a move expected to worry minorities, including Christians and dissidents.
A “horrible nuclear war” will break out if the world does not stop Tehran from obtaining atomic weapons, Prime Minister Benjamin Netanyahu said in his first ever address to the Iranian people on Thursday night.
American President Joe Biden came under pressure Friday after the U.S. House of Representatives voted unanimously to force the White House to declassify the origins of COVID-19.
Power has been restored to Ukraine’s Zaporizhzhia Nuclear Power Plant, Europe’s largest after massive Russian strikes killed at least nine people, authorities said Thursday.
A gunman opened fire in a Jehovah’s Witness Kingdom Hall in Germany’s northern city of Hamburg late Thursday, killing at least seven people, authorities said.
The protest movement against the government’s judicial reform plan is waging a “day of resistance against the dictatorship” on Thursday, blocking roads and even maritime routes.
While many students are on vacation during spring break in Virginia, students at Regent University have been engaging in impromptu worship services that include the sharing of testimonies and exhortations from Scripture.
Russian forces carried out a “massive missile attack” on key Ukrainian targets overnight, according to Ukraine’s top soldier.
The New York State Office of Children and Family Services has agreed to pay a Christian adoption agency $250,000 in legal fees to settle a lawsuit filed after the state tried to force the agency to place children with same-sex couples or unmarried heterosexual couples in violation of its faith ethics, the Christian Post (CP) reports.
British lawmakers have resoundingly rejected an amendment to the UK’s Public Order Bill that would allow people to engage in “silent prayer” and “consensual” conversation within buffer zones created to prevent anti-abortion activists from harassing women entering abortion clinics, the London Standard report.