Latest news for today in 10 minutes | News Summary for March 13 2023 | News | Makemetechie.com

Chinas Xi wants bigger global role after SaudiIran deal

President Xi Jinping is calling for China to play a bigger role in managing global affairs after Beijing scored a diplomatic coup by hosting talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic relations. Xi spoke

US, UK try to stem fallout from Silicon Valley Bank collapse

Governments in the U.S. and Britain are taking extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank. The UK Treasury and the Bank of England facilitated the sale of Silicon Valley Bank UK

UK boosts defense spending in response to Russia and China

LONDON (AP) British Prime Minister Rishi Sunak pledged Monday to increase U.K. military funding by 5 billion pounds ($6 billion) over the next two years in response to Russias invasion of Ukraine and the epochdefining challenge posed by China.

In historic lastminute deal, HSBC acquires Silicon Valley Bank UK, says all depositors money is safe

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic 1, after a tense weekend of frantic negotiations by the UK government, regulators and a suite of other potential suitors. The deal is a massive relief to the UK technology sector, which was highly ex

UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC

UK tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC. In addition, many startup founders and investors pointed to the legwork done by industry body Coadec, which is now raising fu

EV SPACs hunt for cash, the SVB fallout continues and a new AV startup emerges

The Station is a weekly transportation newsletter. This week, EV SPACs hunted for cash and the SVB collapse rippled through the tech sector.
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