Twitter Glitches... Again

Outages and issues with the search bar have been flagged up on Downdetector.

@RiseGS

Credit Suisse Crash: Western Bond Market Under Threat after Swiss Bank Rescue

Credit Suisse was forced to write down to zero an eye-watering $17bn of its Additional Tier 1 bonds, while shareholders will receive payouts as part of the govt-brokered UBS takeover.

AT1 bonds were introduced after the 2008 financial crisis, to increase banks’ safety buffers, while tackling the “too big to fail” risk that they might need govt support in a crisis.

The move has triggered renewed pressure on the global banking system - usually, equity investments would be classed as secondary to AT1 bonds - with investors scrambling to assess whether the same could happen for their holdings of AT1 debt in other banks - a market worth more than $275bn.

@RiseGS

Meta call Saul? Facebook Content Moderators in Kenya to Sue Zuckerberg

The social media giant is facing court over "illegally" firing moderators in the African nation.

43 people have claimed they lost their jobs with Sama - a company that Meta outsourced to - and were denied applying to a similar firm used by FB after they attempted to create a union.

@RiseGS

UK to send depleted uranium rounds with tanks to Ukraine

According to estimates, it has roughly the 4th largest stockpile in the world. Behind the US, Russia and France.

https://declassifieduk.org/britain-supplying-depleted-uranium-rounds-to-ukraine/

@RiseGS

📹 Russian Jet Scrambles as Two US Bombers Fly Over Baltic Sea - the Russian jet returned to base on Monday after the aircraft veered away from the border

@RiseGS

102.5% Inflation: Historic Drought Dries Up Argentina's Dollar Reserves

The Latin American nation's dollars are being drained rapidly as Buenos Aires attempts to prop up its peso currency.

Traders have sold off $1.2 billion in March alone, as Argentina is hit with severe drought - impacting on exports of soy and corn.

@RiseGS

London Stocks Drop as 🔥 UK Inflation Data Sparks Rate-Hike Fears

UK inflation accelerated unexpectedly to 10.4% in February, adding to expectations that the Bank of England will raise interest rates again at its meeting Thursday.

London's exporter-heavy FTSE 100 fell Wednesday on the back of the consumer price surge triggered by soaring food prices – up a staggering 18% YoY February, the UK’s highest rate in 45 years.

The prospect of further rate hikes by the BoE had been dialled back after the SVB/Credit Suisse fallout but a 25-basis-point rise – at least – is now anticipated.

@RiseGS

Corruption at the highest level?

UK Prime Minister Rishi Sunak makes millions but pays a lower bracket of tax for capital gains.

'Only he has the power to change it'.

@RiseGS