European banking stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%.
Financial News
The U.S. imposed semiconductor export controls on China. Now a key EU nation is set to follow suit
The Netherlands — home to critical chip firm ASML — is embroiled in political tensions between the U.S. and China over semiconductor technology.
No exit ramp for Fed’s Powell until he creates a recession, economist says
The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist …
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David Roche.
Meet the woman who invented a whole new subsection of tech set to be worth $1 trillion
Ida Tin coined the term “FemTech” in 2016, which describes all tech that aims to tackle health issues that only, or disproportionately, impact women.
China sets GDP target of ‘around 5%’ for 2023
This year, the Two Sessions is also set to formalize government titles for the new premier, vice premiers and heads of different ministries.
‘Bregret’? Many Brits are suffering from Brexit regret
Almost seven years and four prime ministers since the U.K. voted to leave the European Union, polling suggests public sentiment has turned against Brexit.
What to expect from China’s ‘Two Sessions’ meeting kicking off this weekend
The Chinese government is set to announce its GDP target and new premier in coming days as part of its annual meeting.
Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over
Inflation in the euro zone came in at 8.5% in February, while the ECB signalled interest rate hikes could still continue.
UK house prices post sharpest annual fall for a decade
U.K. house prices fell by 1.1% annually in February, their first annual decline since June 2020 and sharpest contraction since November 2012.