Embattled Credit Suisse loses $75 bln in deposits during first quarter
In early 2023, Credit Suisse announced that it had lost a significant amount of deposits, amounting to around $75 billion, during the first quarter of the year. As a result, the bank's share price took a major hit, dropping by nearly 30%.
In response, the Swiss government approved a bailout plan to facilitate the acquisition of Credit Suisse by its rival, UBS. The plan includes urgent guarantee credits of $118 billion, which will be used by UBS and the Swiss National Bank to take over Credit Suisse before the end of the year.
Despite these efforts, Credit Suisse continues to experience outflows of funds, as UBS works to stabilize the situation. The outflows were most pronounced in the days following the announcement of the merger, but have since stabilized at lower levels.
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In early 2023, Credit Suisse announced that it had lost a significant amount of deposits, amounting to around $75 billion, during the first quarter of the year. As a result, the bank's share price took a major hit, dropping by nearly 30%.
In response, the Swiss government approved a bailout plan to facilitate the acquisition of Credit Suisse by its rival, UBS. The plan includes urgent guarantee credits of $118 billion, which will be used by UBS and the Swiss National Bank to take over Credit Suisse before the end of the year.
Despite these efforts, Credit Suisse continues to experience outflows of funds, as UBS works to stabilize the situation. The outflows were most pronounced in the days following the announcement of the merger, but have since stabilized at lower levels.
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⛰♨️ 220th anniversary of a Russian resort rich in history worth seeing
On April 24, 220 years ago, Emperor Alexander the Blessed signed an edict that marked the beginning of the transformation of the Caucasian Mineral Waters into a Russian resort.
From misty mountains and gorgeous landscapes to fine examples of XIX-century architecture – this region has it all.
☝️Take a look!
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On April 24, 220 years ago, Emperor Alexander the Blessed signed an edict that marked the beginning of the transformation of the Caucasian Mineral Waters into a Russian resort.
From misty mountains and gorgeous landscapes to fine examples of XIX-century architecture – this region has it all.
☝️Take a look!
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Biden family's 'circle of lies' tightening around White House cover-up
Garrett Ziegler, a former aide to ex-US president Donald Trump, and conservative commentator Steve Gill, attorney and CEO of Gill Media, told how the "Biden crime family" is trying to cover its tracks.
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Garrett Ziegler, a former aide to ex-US president Donald Trump, and conservative commentator Steve Gill, attorney and CEO of Gill Media, told how the "Biden crime family" is trying to cover its tracks.
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❗️Kiev's recent strikes on humanitarian corridor threaten extension of grain deal, Moscow says
💬 "On March 23 and April 24, 2023, in violation of these guarantees, Ukraine launched repeated attacks on the Black Sea Fleet's base in Sevastopol and the civilian infrastructure of Crimea by unmanned surface vessels," the Russian Defense Ministry said in a statement.
According to the ministry, vessels came from the port of Odessa, designated for the implementation of the Black Sea Grain Initiative.
💬 "Their deployment was carried out in the area of the humanitarian corridor, which is also involved in the export of agricultural products from the ports of Ukraine. Terrorist acts committed by the Kiev regime jeopardize the next extension of the grain deal after May 18, 2023,” the ministry added.
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💬 "On March 23 and April 24, 2023, in violation of these guarantees, Ukraine launched repeated attacks on the Black Sea Fleet's base in Sevastopol and the civilian infrastructure of Crimea by unmanned surface vessels," the Russian Defense Ministry said in a statement.
According to the ministry, vessels came from the port of Odessa, designated for the implementation of the Black Sea Grain Initiative.
💬 "Their deployment was carried out in the area of the humanitarian corridor, which is also involved in the export of agricultural products from the ports of Ukraine. Terrorist acts committed by the Kiev regime jeopardize the next extension of the grain deal after May 18, 2023,” the ministry added.
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🇨🇦🧊 Arctic threat won't be posed by 'one country alone,' Canadian defense minister says
💬 “The Arctic threat is not just about Russia. We are seeing greater activity in that region by, for example, China, which has declared itself a near-Arctic state,” Anita Anand said.
Canada’s analysis of the threat will include what the government needs to accomplish in terms of military capabilities and human resources to effectively defend its interests in the Arctic, Anand added.
In a joint statement in March, Russia and China said that the two countries stand for preserving the Arctic as a territory of peace and constructive cooperation.
Shortly before that, US media reported the US National Guard is preparing for possible conflicts with Russia and China in the Arctic, including in the event of a military clash between Moscow and Beijing with Washington's NATO allies.
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💬 “The Arctic threat is not just about Russia. We are seeing greater activity in that region by, for example, China, which has declared itself a near-Arctic state,” Anita Anand said.
Canada’s analysis of the threat will include what the government needs to accomplish in terms of military capabilities and human resources to effectively defend its interests in the Arctic, Anand added.
In a joint statement in March, Russia and China said that the two countries stand for preserving the Arctic as a territory of peace and constructive cooperation.
Shortly before that, US media reported the US National Guard is preparing for possible conflicts with Russia and China in the Arctic, including in the event of a military clash between Moscow and Beijing with Washington's NATO allies.
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🇷🇺 Russia’s state-of-the-art Armata tanks reportedly on mission in Ukraine
The T-14 Armata tank is a next-generation combat vehicle that has an unmanned remote-controlled turret, while the crew is protected by an armored capsule. According to the insider, the T-14s taking part in the Russian special operation have been fitted with "additional side protection from anti-tank ammunition."
Touted as the world's only third-generation tank with no equal, the Armata has a combat module that is completely remote-controlled, while the crew is securely accommodated in an armored capsule isolated from both the fuel section and munitions. This means that in the event of the tank being hit, its crew is more likely to survive. The T-14’s armament includes a 125-mm smooth-bore cannon and a 7.62-mm remote-controlled machine gun.
The Armata tanks are being used to shell Ukrainian troop positions; however, these armed vehicles have not yet been involved in “direct assault operations,” a well-informed source told Sputnik.
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The T-14 Armata tank is a next-generation combat vehicle that has an unmanned remote-controlled turret, while the crew is protected by an armored capsule. According to the insider, the T-14s taking part in the Russian special operation have been fitted with "additional side protection from anti-tank ammunition."
Touted as the world's only third-generation tank with no equal, the Armata has a combat module that is completely remote-controlled, while the crew is securely accommodated in an armored capsule isolated from both the fuel section and munitions. This means that in the event of the tank being hit, its crew is more likely to survive. The T-14’s armament includes a 125-mm smooth-bore cannon and a 7.62-mm remote-controlled machine gun.
The Armata tanks are being used to shell Ukrainian troop positions; however, these armed vehicles have not yet been involved in “direct assault operations,” a well-informed source told Sputnik.
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Sputnik International
⚡️ Fox News host Tucker Carlson and the media company have "agreed to part ways," Fox announces
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🇺🇸 "I'm shocked": Donald Trump reacts to Tucker Carlson being ousted from Fox News
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❗️ Some important highlights from Lavrov’s speech: ▪️ No one gave the right to the Western minority to speak on behalf of all mankind; ▪️ The US is destroying sovereign states located tens of thousands of kilometers from their borders; ▪️ The West not only…
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🇷🇺🚂 Fortress on wheels: How Russia’s Baikal armored train operates in the military op zone
The Baikal crew carries out tasks such as technical reconnaissance, de-mining and restoring railway tracks and lines.
This special train is armed with all indispensable means to combat enemy sabotage and reconnaissance groups, as well as anti-aircraft systems for destroying unmanned aerial vehicles.
While operating along the route, the Baikal crew monitors the area, checks the railway tracks and bridge crossings for mines, while restoring destroyed tracks and structures along the way.
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The Baikal crew carries out tasks such as technical reconnaissance, de-mining and restoring railway tracks and lines.
This special train is armed with all indispensable means to combat enemy sabotage and reconnaissance groups, as well as anti-aircraft systems for destroying unmanned aerial vehicles.
While operating along the route, the Baikal crew monitors the area, checks the railway tracks and bridge crossings for mines, while restoring destroyed tracks and structures along the way.
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🇫🇮 Finland's military spending soars to Cold War levels as it joins NATO
The Nordic country's military expenditure has risen from 1.3 to 2 percent of its GDP within a matter of several years, underpinned by a number of costly purchases such as a new fleet of 64 US-made F-35 jets. The 10-billion-euro procurement was billed as the single largest splurge in the Nordic country's history.
Last year alone, Finland's outgoing five-party government led by the Social Democrats agreed to add more than 2 billion euros ($2.2 billion) in defense spending, citing hostilities in Ukraine as a pretext. In doing so, Finland notably eclipsed its fellow European nations, such as Lithuania, Sweden and Poland, which saw the next biggest spikes in their defense budgets at 27%, 12% and 11%, respectively.
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The Nordic country's military expenditure has risen from 1.3 to 2 percent of its GDP within a matter of several years, underpinned by a number of costly purchases such as a new fleet of 64 US-made F-35 jets. The 10-billion-euro procurement was billed as the single largest splurge in the Nordic country's history.
Last year alone, Finland's outgoing five-party government led by the Social Democrats agreed to add more than 2 billion euros ($2.2 billion) in defense spending, citing hostilities in Ukraine as a pretext. In doing so, Finland notably eclipsed its fellow European nations, such as Lithuania, Sweden and Poland, which saw the next biggest spikes in their defense budgets at 27%, 12% and 11%, respectively.
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🦠 World Malaria Day 2023
Facts: Maldives and Sri Lanka have managed to maintain their malaria-free status; five nations in Southeast Asia — Bhutan, North Korea, Nepal, Thailand and Timor-Leste — are deemed capable of eliminating the disease by 2025.
What about 🇮🇳 India? Learn more in our video!
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Facts: Maldives and Sri Lanka have managed to maintain their malaria-free status; five nations in Southeast Asia — Bhutan, North Korea, Nepal, Thailand and Timor-Leste — are deemed capable of eliminating the disease by 2025.
What about 🇮🇳 India? Learn more in our video!
Subscribe to @sputniknewsindia
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Russian Foreign Minister Sergey Lavrov said that it would be "good" if the United Nations left New York and relocated its headquarters elsewhere.
Where do you believe would be the best place for UN headquarters?
Where do you believe would be the best place for UN headquarters?
Anonymous Poll
16%
Beijing
15%
Delhi
7%
Cairo
28%
Dubai
14%
Moscow
5%
Budapest
16%
Own answer
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🇺🇸 Montana House of Reps shut down by trans protesters
Activists showed up to support Democratic trans lawmaker Zooey Zephyr. Last week, the lawmaker was banned for “hateful rhetoric” towards Republican colleagues.
Zephyr said that the lawmakers have "blood on their hands" for passing a bill that bans so-called gender-affirming surgery on children, which can include procedures on the face, chest or genitalia.
The bill passed both the state House and Senate, and was sent to Republican Gov. Greg Gianforte's desk on Friday. He is expected to sign the bill into law.
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Activists showed up to support Democratic trans lawmaker Zooey Zephyr. Last week, the lawmaker was banned for “hateful rhetoric” towards Republican colleagues.
Zephyr said that the lawmakers have "blood on their hands" for passing a bill that bans so-called gender-affirming surgery on children, which can include procedures on the face, chest or genitalia.
The bill passed both the state House and Senate, and was sent to Republican Gov. Greg Gianforte's desk on Friday. He is expected to sign the bill into law.
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🇹🇷🇷🇺 West won't compensate Turkiye’s damage if Ankara joins Russia sanctions, Turkish FM says
💬 "Why should I take sides in order to seem good to someone, to please someone? What will be our benefit?" Mevlut Cavusoglu asked during an interview, adding that Turkiye has long opposed the sanctions.
The minister has also warned that Ankara may enter into the Ukraine conflict after the forthcoming elections if the Turkish opposition takes control.
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💬 "Why should I take sides in order to seem good to someone, to please someone? What will be our benefit?" Mevlut Cavusoglu asked during an interview, adding that Turkiye has long opposed the sanctions.
The minister has also warned that Ankara may enter into the Ukraine conflict after the forthcoming elections if the Turkish opposition takes control.
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⚡️⚡️US President Joe Biden announces 'running for re-election' in 2024
▪️ Kamala Harris says she will run as vice president with Biden
▪️ Kamala Harris says she will run as vice president with Biden
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'Boosting Russia's civil aviation industry remains a priority amid sanctions'
Russia's civil aviation sector, which was seriously hit by Western sanctions, currently shows signs of recovering, a process that certainly takes time, Dmitry Drozdenko, editor-in-chief of the Russian military magazine Arsenal Otechestva (Arsenal of the Fatherland), told Sputnik.
How have sanctions harmed the industry and how will it continue under the West's blockade?
Russia's civil aviation sector, which was seriously hit by Western sanctions, currently shows signs of recovering, a process that certainly takes time, Dmitry Drozdenko, editor-in-chief of the Russian military magazine Arsenal Otechestva (Arsenal of the Fatherland), told Sputnik.
How have sanctions harmed the industry and how will it continue under the West's blockade?
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