First Republic gets $30 billion lifeline from major US banks
18 March 2023 | 5:46 am
The major banks include JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Truist. The $30 billion infusion will give the struggling San Francisco lender much-needed cash to meet customer withdrawals and buttress confidence in the US banking system during a tumultuous moment for lenders.
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27 Oct 2021
Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.
8 Nov 2021
Bar owner Mohamed Lamin Mansaray told everyone to run away from his bar just before a fuel tanker exploded following a traffic collision, killing at least 99 people and injuring hundreds more on Friday (November 5) in Sierra Leone. The explosion destroyed Mansaray's business killing a staff member and destroying his home, which he had built for himself and his 10 family members. "We are getting into festive season....I have just purchased a brand new musical set, lots of drinks from the Sierra Leone brewery and chairs that worth about Le 270,000,000 (24,700 USD). Property that I have lost and one of my staff died”, said Mansaray while pointing at what is left of his business.
25 Dec 2021
2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.
15 Jan 2022
Nicaraguan President Daniel Ortega is poised to win a fourth consecutive term in Sunday's presidential elections. But there's mounting pressure from the US and the EU who are using economic sanctions to promote change.
15 Jan 2022
China will have 6.5 million more affordable rental housing units during the 14th Five-Year Plan period (2021-2025), an official of the Ministry of Housing and Urban-Rural Development said on Tuesday.
24 Jan 2022
Marie-Hélène Poisson is the only craftswoman to be entirely dedicated to Boulle work. This French technique, invented at the end of the 17th century, consists of inlaying antique furniture with decoration made of brass or tortoiseshell. Marie-Hélène learned the trade from her father and is now passing it on to her daughter. The future of Boulle inlay is safe in their hands. FRANCE 24 takes you to the town of Vendôme, in France's Loir-et-Cher region, for a closer look at this special craft.
10 Feb 2022
We take a look at the business of this year's Winter Olympics. A report suggests the true cost is 10 times more than the official $3.9 billion price tag, but Beijing is banking on other benefits. Also, Amazon reports another strong sales quarter, with its advertising business playing an increasingly significant role.
27 Mar 2022
24 Mar 2022
French car giant Renault announced Wednesday it was immediately suspending operations at its Moscow factory after Kyiv called for a boycott of the company for remaining in Russia.
11 Apr 2022
The coronavirus pandemic forced many companies to halt business travel almost overnight. The economic consequences for airlines and hotels have been dramatic, leaving many to wonder if corporate travel will bounce back.
30 Apr 2022
The former US president has been fined $10,000 per day until he complies with a New York court order to turn over documents as part of an investigation into his business practices.
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Find these stories and much more when you grab a copy of The Guardian on Saturday.
20 mins ago
Security forces raided the homes and offices of former employees of the rights organization Memorial. The wave of searches is part of a sweeping crackdown against dissent in Russia.
20 mins ago
Brazilian authorities are taking aggressive action to fight deforestation. Since President Luiz Inácio Lula da Silva returned to office, he has been working to preserve rainforest land
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Indian authorities are carrying out a massive manhunt for Sikh separatist leader Amritpal Singh. As he evades the police, his popularity haunts Punjab as a reminder of once deadly tensions.
3 hours ago
Military reservists are threatening to stop reporting for duty if Israel goes ahead with its judicial reforms. The unprecedented military protests underscore the growing opposition to the legal overhaul.
3 hours ago
To mark French Language and La Francophonie Week, we head across the Atlantic to New Orleans in Louisiana. Located on the banks of the Mississippi, it's the most French of American cities. Some want to preserve New Orleans' rich colonial heritage.