PacWest Bank Shares Resume Decline, Prompting Fears of More Bank Collapses
Sputnik - May 11th 2023 5:22pm EDTThe California-based regional bank has lost 70% of its share value over the past year, with 40% of that loss coming in the last month amid troubles by other banks around the globe.
Elon Musk Reveals New Twitter CEO Will Take Over Post in Six Weeks
Sputnik - May 11th 2023 4:32pm EDTMusk has served as Twitter CEO since his October 2022 takeover, shortly after dismissing then CEO Parag Agrawal along with several other executives. He previously indicated that he intended to move away from the CEO post by years’ end.
‘What’s in the Way’? Marcos Seeks Finalization of South China Sea Code of Conduct at ASEAN
Sputnik - May 11th 2023 3:46pm EDTWashington has sought to woo members of the Association of Southeast Asian Nations (ASEAN), nearly all of which have formed close economic partnerships with Beijing in recent years, as part of its efforts at “great power competition” with Russia and China.
Basic Guide to the US’ 14th Amendment
Sputnik - May 11th 2023 3:05pm EDTThe deadline for raising the current US public debt ceiling draws closer with each passing day while lawmakers in the country still cannot overcome their differences in order to stave off the prospects of default.
Ukrainian Grad Rocket Strike Leaves Many Injured in DPR’s Gorlovka
Sputnik - May 11th 2023 2:47pm EDTDONETSK (Sputnik) – Many people in Donbass city Gorlovka have suffered injuries after the Ukrainian military used Grad rockets on Thursday, Mayor Ivan Prikhodko said.
Five EU Nations Call for Tighter Ukrainian Food Import Controls
Sputnik - May 11th 2023 2:31pm EDTWARSAW (Sputnik) – Five EU member states demanded on Thursday that the European Commission toughen controls on duty-free Ukrainian agricultural products flooding their markets.
Biden Sex Assault Accuser Slams Media ‘Hypocrisy’ Over Trump Sex Pest Lawsuit
Sputnik - May 11th 2023 2:26pm EDTDonald Trump has been ordered to pay $5 million to journalist E. Jean Carroll after she won a lawsuit accusing him of sexual assault and battery. Author and podcaster Tara Reade, a former Senate aide to Joe Biden, compared the media’s trumpeting of Carroll’s claims with their dismissal of hers against the sitting president.
Russia Sees No Point in Preserving Black Sea Grain Deal Against Its Interests
Sputnik - May 11th 2023 1:55pm EDTOn May 18, an international agreement known as the Black Sea Grain Initiative or Deal may fall through unless renewed.
Khan’s Opponents Block Elections and Order His Arrest Fearing Ex-PM Can’t be Voted Out
Sputnik - May 11th 2023 1:03pm EDTOn Tuesday, former Pakistani Prime Minister Imran Khan, ousted by parliament last year, was arrested on terrorism charges and others stemming from a March clash between police and his supporters. However, on Thursday, the nation’s high court declared the arrest illegal and ordered his release.
US Jobless Claims Highest Since October 2021, Raising Chance for Fed Rate Pause
Sputnik - May 11th 2023 12:45pm EDTWASHINGTON (Sputnik) – The number of Americans on jobless benefits has hit 1-½ year highs, according to weekly data from the Labor Department on Thursday that raised the chance for the Federal Reserve to withhold interest rate hikes from June as the central bank advances in its fight against inflation.
US Lets Britain Escalate Ukraine Conflict Further by Sending Missiles to Kiev
Sputnik - May 11th 2023 12:11pm EDTAs London moves to supply Storm Shadow long-range cruise missiles to the regime in Kiev, experts have explained to Sputnik why the British government likely made this move and how Washington might have influenced the situation.
US Banks With Over $50Bln in Assets to Help Pay for Recent Bank Failures – FDIC
Sputnik - May 11th 2023 11:58am EDTWASHINGTON (Sputnik) – US banks with more than $50 billion in assets will help the Federal Deposit Insurance Corporation (FDIC) cover its $16 billion bill for addressing recent US bank failures, a statement from the regulator said Thursday.
US Debt Ceiling Saga Just ‘Sabre-Rattling’ Across Party Divide
Sputnik - May 11th 2023 11:48am EDTThe US debt ceiling crisis rumbles on as the June 1 deadline for raising the government borrowing limit looms. Economist, professor and consultant Mark Frost said there was no need to panic, but Todd “Bubba” Horwitz, chief market strategist at BubbaTrading.com, warned the taxpayer would pay the government’s credit addiction.
Video: Russian Self-Propelled Artillery Hammers Ukrainian Militants
Sputnik - May 11th 2023 11:30am EDTThe Russian Ministry of Defense has released a video highlighting the activities of a particular branch of the Russian Armed Forces that time and again demonstrated its efficiency and effectiveness in the ongoing conflict in Ukraine – the artillery.
China, EU Ramp Up High-Level Exchanges ‘Amid Noise from US’
Sputnik - May 11th 2023 11:26am EDTWhile Chinese Vice President Han Zheng is visiting Portugal and the Netherlands from Sunday to May 12, China on Monday announced the visit of State Councilor and Foreign Minister Qin Gang to Germany, France and Norway from Monday to May 12.
Who Is Unhappy About Syria’s Return to the Arab League?
Sputnik - May 11th 2023 11:09am EDThe Arab League on Sunday agreed to reinstate Syria’s membership, which is another exhilarating news to the Middle East recently. This is the latest progress after the emergence of a reconciliation wave caused by the resumption of diplomatic ties between Saudi Arabia and Iran.
Foreign Direct Investment in Germany Down to Decade Low – Study
Sputnik - May 11th 2023 10:39am EDTMOSCOW (Sputnik) – Germany’s attractiveness to foreign investors has dropped by a further 1% to a decade low, with 832 projects created in the country in 2022, a survey by the EY consultancy has revealed.
NATO’s Liaison Office in Japan Part of Plan to Destabilize China and Russia
Sputnik - May 11th 2023 10:24am EDTTokyo is working towards opening a NATO liaison office, with Foreign Minister Yoshimasa Hayashi justifying the move by the swirling Russo-Ukrainian conflict and growing instability across the world. What’s really behind the development?
US Patriot System Not Capable of Intercepting Russian Kinzhal Missile – Source
Sputnik - May 11th 2023 10:14am EDTMOSCOW (Sputnik) – The US Patriot air defense system is not capable of intercepting Russian hypersonic air-to-surface Kinzhal missiles, a high-ranking source in the Russian Defense Ministry said on Thursday.
Will World See Accelerated De-Dollarization if US Defaults on Debt?
Sputnik - May 11th 2023 10:11am EDTNo country will capitalize on a potential US default, and even if a certain nation manages to benefit, it will be a Pyrrhic victory, argues Marc Ostwald, chief economist at ADM Investor Services International.
Russia Never Weaponized Energy, But Won’t Take Asset Seizure Lying Down – Kremlin
Sputnik - May 11th 2023 9:53am EDTRussia has never used energy for political purposes, but while the West turns up the heat, Moscow won’t take the US-led West’s seizure of its assets lying down, Kremlin Spokesman Dmitry Peskov emphasized on Thursday.
Supreme Court of Pakistan Orders Release of ex-PM Imran Khan – Reports
Sputnik - May 11th 2023 9:23am EDTMOSCOW (Sputnik) -The Supreme Court of Pakistan declared the arrest of former Pakistani Prime Minister Imran Khan illegal and ordered his immediate release, Pakistani broadcaster reported on Thursday.
Video: Russian Artillery Pounds Ukrainian Troops While Anti-Air Units Provide Cover
Sputnik - May 11th 2023 9:07am EDTThe Russian Defense Ministry has shared yet another video that shows how Russian troops deployed in the Ukrainian conflict zone methodically dismantle the Kiev regime’s war machine, piece by piece.
EU Lawmakers Move to Regulate AI in Historic First
Sputnik - May 11th 2023 8:26am EDTMOSCOW (Sputnik) – The European Parliament has announced the first step toward regulating artificial intelligence (AI) systems to ensure their “human-centric and ethical” development.
Yellen: Possible US Default May Undermine America’s Global Economic Leadership
Sputnik - May 11th 2023 7:43am EDTEarlier this month, the US Treasury Secretary insisted that her country might run out of options for paying its debt obligations as soon as June 1 if congressional lawmakers fail to act and raise the country’s debt ceiling.