Jittery US Customers Pulled Almost $100Bln in Deposits Amid Banking Crisis, Fed Data Shows
Despite assurances offered by regulators that the banking system was "sound and resilient," apprehensive US customers collectively withdrew close to $100 billion from bank accounts in the wake of the recent bank collapses, according to Federal Reserve data.
Warning of "exceptionally high" uncertainties and heightened risks to financial stability, when higher interest rates are being increasingly resorted to as a tool to battle raging inflation, the IMF stressed the continued need for policymakers' vigilance.
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Despite assurances offered by regulators that the banking system was "sound and resilient," apprehensive US customers collectively withdrew close to $100 billion from bank accounts in the wake of the recent bank collapses, according to Federal Reserve data.
Warning of "exceptionally high" uncertainties and heightened risks to financial stability, when higher interest rates are being increasingly resorted to as a tool to battle raging inflation, the IMF stressed the continued need for policymakers' vigilance.
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🇳🇱 More than 100 environmental activists were detained after blocking the airport in the Dutch city of Eindhoven, the police said.
💬 "The demonstration at Eindhoven Airport has ended. The [Royal Netherlands] Marechaussee and Police have arrested 104 people," the national gendarmerie said on Twitter on Saturday night.
Earlier on Saturday, climate activists from the Scientist Rebellion and Extinction Rebellion groups blocked the entrance to the private departures section of the Eindhoven Airport. They were calling for a ban on private jets, saying that they emit more greenhouse gasses than a regular commercial plane.
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💬 "The demonstration at Eindhoven Airport has ended. The [Royal Netherlands] Marechaussee and Police have arrested 104 people," the national gendarmerie said on Twitter on Saturday night.
Earlier on Saturday, climate activists from the Scientist Rebellion and Extinction Rebellion groups blocked the entrance to the private departures section of the Eindhoven Airport. They were calling for a ban on private jets, saying that they emit more greenhouse gasses than a regular commercial plane.
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🇮🇱 Israeli Defense Minister Yoav Gallant has called on the government of Prime Minister Benjamin Netanyahu to halt the controversial judicial reform that has sparked major nationwide protests
💬"For the sake of Israel’s security, for the sake of our sons and daughters — the legislative process should be stopped — to enable the nation of Israel to celebrate Passover and Independence Day together, and to mourn together on Memorial Day and Holocaust Remembrance Day," Gallant said on Saturday.
Protests against the reform have been held in Israel for 12 straight weeks. According to Netanyahu, the Israeli government plans to pass a key part of the proposed legislation next week.
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💬"For the sake of Israel’s security, for the sake of our sons and daughters — the legislative process should be stopped — to enable the nation of Israel to celebrate Passover and Independence Day together, and to mourn together on Memorial Day and Holocaust Remembrance Day," Gallant said on Saturday.
Protests against the reform have been held in Israel for 12 straight weeks. According to Netanyahu, the Israeli government plans to pass a key part of the proposed legislation next week.
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Forwarded from Sputnik Africa
Pension Reform in France May Lead to Hardening of Paris' Positions on Francafrique, Activist Says
The rising social discontent over pension reforms to raise the legal retirement age from 62 to 64 in France risks causing Paris to draw a harder line on the issue of Francafriqe, pan-Africanist activist Nathalie Yamb tells Sputnik.
"Losing Francafrique, I repeat, and [former French President] Chirac already said it, is a total loss to the standard of living in France. This will directly lower the standard of living, bringing an even greater precariousness of the French [...] What is happening in France now will therefore increase their need to lock up the Francafrique," Yamb explains.
The activist also commented on why the BRICS model is advantageous for Africa
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The rising social discontent over pension reforms to raise the legal retirement age from 62 to 64 in France risks causing Paris to draw a harder line on the issue of Francafriqe, pan-Africanist activist Nathalie Yamb tells Sputnik.
"Losing Francafrique, I repeat, and [former French President] Chirac already said it, is a total loss to the standard of living in France. This will directly lower the standard of living, bringing an even greater precariousness of the French [...] What is happening in France now will therefore increase their need to lock up the Francafrique," Yamb explains.
The activist also commented on why the BRICS model is advantageous for Africa
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Germany May Bankroll Nuclear Power for Everyone But Itself as EU Updates 'Clean Technologies' List
Brussels has long been touting its intentions to become a "climate neutral" economy by 2050, boasting net zero greenhouse gas emissions. However, there has been friction inside the bloc over whether to recognize nuclear power, albeit partially, as an inherent part of the EU's decarbonization drive.
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Brussels has long been touting its intentions to become a "climate neutral" economy by 2050, boasting net zero greenhouse gas emissions. However, there has been friction inside the bloc over whether to recognize nuclear power, albeit partially, as an inherent part of the EU's decarbonization drive.
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Thousands Attend Service at Kiev-Pechersk Lavra as Monks Brace for Eviction by Zelensky Regime
Sunday’s service could be the last one held there by Ukrainian Orthodox Church priests ahead of the deadline for monks to leave the monastery by Wednesday. The National Kiev-Pechersk Historical and Cultural Preserve, the state-owned museum complex subordinate to Ukraine’s Ministry of Culture, ordered monks out of the monastery’s buildings and facilities earlier this month, citing an alleged breach of contract on their use.
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Sunday’s service could be the last one held there by Ukrainian Orthodox Church priests ahead of the deadline for monks to leave the monastery by Wednesday. The National Kiev-Pechersk Historical and Cultural Preserve, the state-owned museum complex subordinate to Ukraine’s Ministry of Culture, ordered monks out of the monastery’s buildings and facilities earlier this month, citing an alleged breach of contract on their use.
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🇨🇳 China is projected to give a significant boost to the world economy, accounting for about a third of global growth in 2023, Managing Director of the International Monetary Fund Kristalina Georgieva said.
💬 "The robust rebound means China is set to account for around one third of global growth in 2023, giving a welcome lift to the world economy," Georgieva said at the 2023 China Development Forum in Beijing.
The IMF analysis has shown that a one percentage point increase in China's gross domestic product growth leads to a 0.3 percentage point GDP growth of other Asian economies on average, Georgieva said, dubbing this "a welcome boost."
China's GDP is expected to reach 5% this year, according to the country's social and economic development plan. Meanwhile, some experts have more optimistic views on China's economic growth. Chen Fengying, the former director of the Institute of World Economic Studies in the China Institutes of Contemporary International Relations, has told Sputnik that the country's GDP may grow by 6% in 2023, but Beijing has chosen not to put this ambitious goal in the plan, since last year's growth rate was below the official forecast of 5.5%.
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💬 "The robust rebound means China is set to account for around one third of global growth in 2023, giving a welcome lift to the world economy," Georgieva said at the 2023 China Development Forum in Beijing.
The IMF analysis has shown that a one percentage point increase in China's gross domestic product growth leads to a 0.3 percentage point GDP growth of other Asian economies on average, Georgieva said, dubbing this "a welcome boost."
China's GDP is expected to reach 5% this year, according to the country's social and economic development plan. Meanwhile, some experts have more optimistic views on China's economic growth. Chen Fengying, the former director of the Institute of World Economic Studies in the China Institutes of Contemporary International Relations, has told Sputnik that the country's GDP may grow by 6% in 2023, but Beijing has chosen not to put this ambitious goal in the plan, since last year's growth rate was below the official forecast of 5.5%.
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📹 The AZOM factory in Artemovsk (Bakhmut) has come under the complete control of private military company the Wagner Group, a Sputnik correspondent has said.
This is where Ukrainian President Volodymyr Zelensky awarded Ukrainian militants for "valiantly defending" the plant in December last year. The footage shows the building abandoned by Ukrainian troops.
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This is where Ukrainian President Volodymyr Zelensky awarded Ukrainian militants for "valiantly defending" the plant in December last year. The footage shows the building abandoned by Ukrainian troops.
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🐻❄️🇷🇺 In the capital of Siberia, two baby polar bear cubs were recently born at the Novosibirsk Zoo, which is one of the largest and most respected zoos in Russia, known for its efforts in the breeding and conservation of various endangered animal species.
The zoo boasts an impressive collection of rare and exotic animals, some of which are listed in the Red Book of rare and endangered species.
Polar bears are the largest land carnivores in the world and can weigh up to 680 kg. Female polar bears give birth to one to three cubs, typically in a snow den, during the winter months. Siberia is one of the last remaining untouched areas on our planet and it is home to a wide variety of unique and incredible creatures.
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The zoo boasts an impressive collection of rare and exotic animals, some of which are listed in the Red Book of rare and endangered species.
Polar bears are the largest land carnivores in the world and can weigh up to 680 kg. Female polar bears give birth to one to three cubs, typically in a snow den, during the winter months. Siberia is one of the last remaining untouched areas on our planet and it is home to a wide variety of unique and incredible creatures.
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Forwarded from Sputnik Africa
🇨🇫🇷🇺 Russian House hosts event for Central African Republic orphans in Bangui
▪️Despite an attack on the Russian center last December, it continues its activities, the center's director, Dmitri Syty, said.
▪️On 25 March, about 30 children from the Christian Humanitarian Action Foundation orphanage were welcomed by the Russian House.
▪️During the event in the Central African Republic's capital, the orphans had an opportunity to learn about Russian culture and receive gifts. Games and a Russian cartoon session were also included in the program
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▪️Despite an attack on the Russian center last December, it continues its activities, the center's director, Dmitri Syty, said.
▪️On 25 March, about 30 children from the Christian Humanitarian Action Foundation orphanage were welcomed by the Russian House.
▪️During the event in the Central African Republic's capital, the orphans had an opportunity to learn about Russian culture and receive gifts. Games and a Russian cartoon session were also included in the program
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❗️(1) Russian MoD briefing on the progress of the special military operation in Ukraine:
▪️ Russian artillery destroyed up to 70 Ukrainian troops, one armored fighting vehicle, four pick-up trucks in Kupyansk direction;
▪️A Ukrainian ammunition depot has been hit in the Kharkov region;
▪️In the Krasny Liman direction, Russian troops destroyed more than 90 Ukrainian servicemen, four armored fighting vehicles, three motor vehicles, and two D-30 howitzers;
▪️In the Donetsk direction, Russian forces destroyed more than 200 Ukrainian troops, nine armored fighting vehicles, two pick-up trucks, one Grad MLRS vehicle, two Msta-B howitzers, two D-30 howitzers, one Polish-made Krav self-propelled artillery system, and two US-made AN/TPQ-50 radar systems;
▪️A Ukrainian ammunition depot has been hit close to Kramatorsk in the Donetsk People's Republic.
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▪️ Russian artillery destroyed up to 70 Ukrainian troops, one armored fighting vehicle, four pick-up trucks in Kupyansk direction;
▪️A Ukrainian ammunition depot has been hit in the Kharkov region;
▪️In the Krasny Liman direction, Russian troops destroyed more than 90 Ukrainian servicemen, four armored fighting vehicles, three motor vehicles, and two D-30 howitzers;
▪️In the Donetsk direction, Russian forces destroyed more than 200 Ukrainian troops, nine armored fighting vehicles, two pick-up trucks, one Grad MLRS vehicle, two Msta-B howitzers, two D-30 howitzers, one Polish-made Krav self-propelled artillery system, and two US-made AN/TPQ-50 radar systems;
▪️A Ukrainian ammunition depot has been hit close to Kramatorsk in the Donetsk People's Republic.
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Sputnik International
❗️(1) Russian MoD briefing on the progress of the special military operation in Ukraine: ▪️ Russian artillery destroyed up to 70 Ukrainian troops, one armored fighting vehicle, four pick-up trucks in Kupyansk direction; ▪️A Ukrainian ammunition depot…
❗️(2) Russian MoD briefing on the progress of the special military operation in Ukraine:
▪️Ukrainian losses in these directions have amounted to 60 Ukrainian troops, two armored fighting vehicles, three motor vehicles, and two D-30 howitzers in the South Donetsk and Zaporozhye directions;
▪️In the Kherson direction, the Russian army has neutralized more than 20 Ukrainian troops, one Akatsiya self-propelled howitzer, and one US-made M777 artillery system;
▪️Russian Aerospace Forces have shot down one Mi-8 aircraft of the Ukrainian Air Force in the Donetsk People's Republic;
▪️Air defense forces have intercepted seven HIMARS MLRS projectiles;
▪️Fourteen Ukrainian unmanned aerial vehicles were shot down in the LPR, DPR and Zaporozhye regions.
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▪️Ukrainian losses in these directions have amounted to 60 Ukrainian troops, two armored fighting vehicles, three motor vehicles, and two D-30 howitzers in the South Donetsk and Zaporozhye directions;
▪️In the Kherson direction, the Russian army has neutralized more than 20 Ukrainian troops, one Akatsiya self-propelled howitzer, and one US-made M777 artillery system;
▪️Russian Aerospace Forces have shot down one Mi-8 aircraft of the Ukrainian Air Force in the Donetsk People's Republic;
▪️Air defense forces have intercepted seven HIMARS MLRS projectiles;
▪️Fourteen Ukrainian unmanned aerial vehicles were shot down in the LPR, DPR and Zaporozhye regions.
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🇷🇺 Two Russian adventurers break world record for non-stop thermal balloon flight
Russian explorers Fyodor Konyukhov and Ivan Menyailo made a 2,540-kilometer non-stop journey in a thermal balloon, breaking a record that had remained unbeaten for nearly three decades.
During the transcontinental flight, the PhosAgro balloon piloted by Konyukhov and Menyailo covered a distance of 2,540 km, 174 km more than the previous world record from 1994, held by the Japanese pilots Chikatsu Kakinuma and Michio Kanda.
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Russian explorers Fyodor Konyukhov and Ivan Menyailo made a 2,540-kilometer non-stop journey in a thermal balloon, breaking a record that had remained unbeaten for nearly three decades.
During the transcontinental flight, the PhosAgro balloon piloted by Konyukhov and Menyailo covered a distance of 2,540 km, 174 km more than the previous world record from 1994, held by the Japanese pilots Chikatsu Kakinuma and Michio Kanda.
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