Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the Swiss central bank to shore up its liquidity. The bank said it was “taking decisive action to pre-emptively strengthen its liquidity”, after a drop in its shares intensified fears of a global financial crisis. “This additional liquidity would support Credit
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VW introduced its much anticipated affordable EV Wednesday, deemed the ID 2all concept with up to 450 km range (279 miles). Introducing the Volkswagen ID 2all electric concept After doubling down on its electric vehicle strategy with a new close to $200 billion investment (€180 billion) to accelerate digitalization and EV development over the next
Tesla Supercharger V4 has been revealed to have the potential to be twice as powerful as the previous generation. We are finally starting to get a little more information about the specs of the Supercharger V4, the latest generation of Tesla’s popular DC fast-charging station. Last year, we reported on Tesla’s Supercharger V4 design being revealed
Alphabet’s Glass being used in manufacturing Alphabet Google has stopped selling its Glass Enterprise smart glasses, the company announced on Wednesday on its website. Google will also stop supporting its software in September, the company said. The move is the end of the line for one of the first — and still one of the
In this article ADBE Follow your favorite stocksCREATE FREE ACCOUNT Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street
The US says the drone which crashed into the Black Sea after encountering two Russian fighter jets will not provide intelligence of any value should Moscow attempt to recover its wreckage. Russian officials have said they will seek to find whatever is left of the MQ-9 Reaper, which was downed on Tuesday. Sergei Naryshkin, head
Energy stocks were slammed Wednesday as U.S. oil prices plunged to their lowest levels since December 2021. The extent of the decline in West Texas Intermediate crude — down 5.5% to under $67 per barrel — seems overdone in an energy market that remains structurally undersupplied. However, we’re not ready to step in right here
Tesla is facing a new lawsuit instigated by an owner who is attempting to have Tesla give up its quasi-monopoly on repairing its vehicles. Most people agree that Tesla bypassing the franchise car dealer model and going direct to consumers is an asset for the company. Tesla is removing the intermediary between the automaker and
Tim Mayopoulos attend the Bilt Rewards Launch Party at Equinox Hotel New York at Hudson Yards on June 22, 2021 in New York City. Sean Zanni | Patrick Mcmullan | Getty Images Three days into his tenure as Silicon Valley Bank‘s government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup
In this article @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil production in Azerbaijan Vostok | Getty Images Oil prices fell Wednesday, as traders feared a brewing banking crisis could dent global economic growth. West Texas Intermediate futures fell more than 6% to $66.85 per barrel. That would be WTI’s biggest one-day drop since July
Mar 15, 2023 Florida State and Georgia Tech will open the 2024 season in Ireland, the schools announced Wednesday. The game is scheduled to be played Aug. 24, 2024, at Aviva Stadium in Dublin. “I am so excited for our student-athletes, coaches, staff, administration and fans for this opportunity,” Florida State coach Mike Norvell said
The SNP’s national executive committee will hold an emergency meeting on Thursday morning amid a row over transparency, Sky News understands. It is likely this could lead to the membership figures being released after the party refused to meet demands from all three candidates vying to replace Nicola Sturgeon as Scotland’s first minister to publish
After months of waiting, Tesla Full Self-Driving Beta v11 is going to a wide release this weekend, if you believe Elon Musk. Tesla FSD Beta v11 is both an exciting and scary step as it is supposed to merge Tesla’s FSD and Autopilot highway stacks. FSD Beta enables Tesla vehicles to drive autonomously to a
At the BMW Annual conference 2023, the automaker announced further details while giving us a preview of its first fully electric 5 series, the i5 sedan launching in October. CEO Oliver Zipse added that “a fully electric performance model” from BMW M gmbH will be included in the lineup. BMW reveals new details about its
In this article GOOGL GOOG META AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Reps. Jim Jordan, R-Ohio, and Ken Buck, R-Colo., are seen during a House Judiciary Committee markup in Rayburn Building on Wednesday, May 8, 2019. Tom Williams | CQ-Roll Call, Inc. | Getty Images Tech giants Google, Amazon and Apple are likely
An American spy on secondment to GCHQ was stabbed last week by an alleged terrorist in the town where the UK intelligence agency is based, it has been reported. Counter-terrorism police have confirmed that a 29-year-old man was arrested on suspicion of terrorism offences after a woman was stabbed outside a leisure centre in Cheltenham
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Images The International Energy Agency on Wednesday said Russia’s oil export revenues fell sharply in February, prompted by bans and price
In this article AAPL 2317-TW Follow your favorite stocksCREATE FREE ACCOUNT Employees work in a factory at the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn in Tamil Nadu, India on July 12, 2019. Bloomberg | Bloomberg | Getty Images Major Apple supplier Foxconn reported a 10% year-over-year decline in
Samsung said it will make a 300 trillion Korean won investment in a new semiconductor facility in South Korea over the next two decades. It is part of a broader tech investment plan by the South Korean government. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics said Wednesday it plans to invest 300 trillion
Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic. Credit Suisse shares plunged to new record lows following comments by its largest investor that it could not provide the Swiss bank with more financial assistance. Switzerland’s second-largest bank, no stranger to crisis over the