Major UK banks recover poise after fresh turbulence on stock market
Attention had focused on Credit Suisse after the collapse of US banks Silicon Valley Bank, Silvergate and Signature Bank, which sparked fears of contagion across the global banking sector. Shares in the Swiss bank collapsed after it reported last Tuesday “material weaknesses” in its financial reporting, and the stock lost further ground on Friday despite rallying briefly following the injection of a £44bn loan from the Swiss central bank to boost its liquidity on Wednesday. It was hoped that the UBS takeover of Credit Suisse would settle nerves on global financial markets yesterday morning. The takeover of Credit Suisse by UBS was done fast and should have provided reassurance to the market that we haven’t had another bank collapse. These are bonds that are designed to be written off or converted to equity in order to bolster a bank’s capital position prior to it defaulting.
Source:The Herald
March 21, 2023 06:38 UTC
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Source:The Herald
March 21, 2023 00:26 UTC
Barcelona take big step towards LaLiga title with dramatic win in El Clasico
Barcelona take big step towards LaLiga title with dramatic win in El ClasicoBy PA SportFranck Kessie’s stoppage-time winner saw Barcelona sink Real Madrid in El Clasico and move 12 points clear at the top of LaLiga with 12 games to play. Kessie pounced to finish off a cross from Alejandro Balde for his first Barcelona goal and help his side take a big step towards another domestic title. Barcelona beat Real Madrid 2-1 in El Clasico (Joan Monfort/AP) Photo by Joan MateuBorja Iglesias scored the only goal as Real Betis bounced back from their midweek European defeat to Manchester United with a 1-0 win over Mallorca. Two late goals from Jose Luis Morales eased Villarreal to a 3-0 win at Osasuna, while Real Sociedad ended their run of four without a win and consolidated fourth place with a 2-0 win over Elche. Goals from Munir El Haddadi and Enes Unal saw Getafe leapfrog Sevilla in the table with a 2-0 win.
Source:Irish Independent
March 21, 2023 00:04 UTC
Explained: Why are stock markets still falling and how worried should we be?
Explained: Why are stock markets still falling and how worried should we be? As concerns ramp up that other lenders worldwide may start to be affected, how worried should we be? Bank shares tumbled further after the UBS takeover of its crisis-stricken rival Credit Suisse on Sunday, dragging markets deep into the red as trading opened on Monday morning. Asian markets initially welcomed the deal, but anxiety soon bubbled to the surface as attentions turned to what happens next and the implications of the emergency takeover. Credit Suisse has had a number of issues over the years, which are well-known to investors, having incurred heavy losses and become embroiled in a string of fraud and misconduct scandals.
Source:Irish Independent
March 20, 2023 23:17 UTC
Bank shares slide as Credit Suisse rescue takeover shakes traders
Downing Street and the Bank of England both said the UK’s banking system remains “safe” in an effort to reassure investors and businesses. The Credit Suisse deal was announced on Sunday evening, as UBS agreed to pay around £2.7 billion for its former rival. The deal was brokered by the same Swiss regulators who had on Wednesday said they would lend up to £45 billion to Credit Suisse to keep it afloat. Credit Suisse Group announces it has entered into a merger agreement with UBS. All details available here: https://t.co/IkG4X3wze5 pic.twitter.com/3Obz6zpxSC — Credit Suisse (@CreditSuisse) March 19, 2023On Sunday, Swiss president Alain Berset said an “uncontrolled” collapse of Credit Suisse could have sent ripples across the world which could cause “incalculable consequences” in the international financial system.
Source:The Herald
March 20, 2023 22:17 UTC
Dirty Pelican Race promotional event set for March 22
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Source:The Herald
March 20, 2023 22:07 UTC
Bangladesh-Ireland ODI washed out after record innings
The second one-day international between Bangladesh and Ireland was called off due to rain in Sylhet on Monday after the home side posted their highest-ever ODI total. The rain prevented Ireland from starting their innings after the hosts reached 349-6 thanks to Mushfiqur Rahim's century, the fastest ODI ton by a Bangladeshi batsman. This helped the hosts break their record of 338-8 set in only the previous match, which they won by 183 runs. Towhid fell for 49 but Mushfiqur continued his terrific batting to bring up his ninth ODI hundred with a single on the last ball of the innings. Mushfiqur also became the third Bangladeshi to reach 7,000 ODI runs, after teammates Tamim and Shakib.
Source:The Herald
March 20, 2023 21:01 UTC
Ireland ‘nowhere near’ as good as they can be – Andy Farrell
Ireland were never more than six points behind during the championship and combined grit and guile to produce their signature free-flowing rugby amid substantial injury adversity. Head coach Farrell was pleased with the control his squad displayed during the competition but is striving for improvement moving towards the autumn World Cup in France. “And it’s nice, isn’t it, to have that blend and to put that out on the field and believe in it? “We said from day one that we wanted to win the Grand Slam and we went about it as a squad. “It’s never been perfect but the game is not like that, so the mental strength of our game and large parts of our game are in a good place.
Source:The Herald
March 20, 2023 20:58 UTC
Macy, Schupak tapped for Maryland International Film Festival Awards
The Herald-MailActor William H. Macy and Maryland Public Television's Steven J. Schupak will be honored during the Maryland International Film Festival's opening night festivities Thursday at the Maryland Theatre in downtown Hagerstown. Macy will be awarded the Nora Roberts Foundation Award, and Schupak will receive the Tony Mendez Award. “William Macy is one of the hardest working actors in Hollywood today," said film festival board of directors President Nicole Houser. This prestigious award is given in recognition of either success in the film and television industry, or in creating opportunities for achievements for the film and arts communities in Maryland. The film festival will continue through Sunday.
Source:The Herald
March 20, 2023 20:25 UTC
Business leaders urge investment clarity, thankful for ‘boring Budget’
“I’m not being greedy here but I think Scotland should get two, going in size, Northern Ireland one and Wales one. I definitely think the UK Government have missed a trick. “Saying we will not have a recession in 2023 is good news, especially from the perspective of where we were six months ago. Why don’t you get them in and say: ‘Here’s a bit above inflation.’ Think of the amount of people who are adding nothing to the national GDP because they’re out on strike. I think Truss and Kwarteng tried that and excited us far too much!”
Source:The Herald
March 20, 2023 19:16 UTC
Mushfiqur Rahim hits record ton as Bangladesh run riot against Ireland
Mushfiqur Rahim hit his country's fastest ODI century as Bangladesh scored a record 349-6 in the second one-day international against Ireland in Sylhet on Monday. Fresh from beating England 3-0 in T20s, Mushfiqur was unbeaten on 100 off just 60 balls, while Najmul Hossain and Liton Das added 73 and 70 runs respectively. Tamim was run out for 23 with a direct throw from Mark Adair before Liton and Najmul added 101 runs for the second wicket. However, Mushfiqur and Towhid Hridoy then took the bowling by storm to add 128 runs in just 13 overs for the fifth wicket. He also completed his 7,000 ODI runs in the process as the third Bangladeshi after teammates Tamim and Shakib.
Source:The Herald
March 20, 2023 19:01 UTC
King Charles III Coronation: Thousands of volunteers needed
Join #TheBigHelpOut on Monday 8th May and support volunteers who make a real difference in your community. pic.twitter.com/bzKAcjgvYz — The Big Help Out (@TheBigHelpOut23) March 16, 2023Love Island star Faye Winter and Dragons’ Den entrepreneur Deborah Meaden are among the celebrities promoting The Big Help Out, with more than 1,500 charities involved. Meaden said: “I know a good idea when I see it and the Big Help Out is one. Thousands of opportunities to volunteer with 1500 charities are being made available today on the Big Help Out app. pic.twitter.com/koyTMcGXOK — Good Morning Britain (@GMB) March 20, 2023When is the King's Coronation?
Source:The Herald
March 20, 2023 10:29 UTC
Fury as Tesco slashes Clubcard reward vouchers' value AGAIN from 3x to 2x
Furious shoppers have condemned Tesco for slashing their Clubcard reward vouchers' value again as they protest about 'spending more but getting less'. Now, as of June 14, Clubcard vouchers will only be worth 2x their value if exchanged at any of Tesco's Reward Partners. Furious shoppers have condemned Tesco for slashing their Clubcard reward vouchers' value againShoppers can currently triple the value of their vouchers by exchanging them to access more than 100 Reward Partners. Tesco had informed their shoppers of the move via email - and on their website - announcing: 'From 14 June 2023, when you exchange your Tesco Clubcard vouchers for a Tesco Clubcard Reward Partner code, they'll be worth 2x their value. 'Tesco Clubcard continues to have the biggest and most generous Reward Partner scheme with access to over 100 Partners at 2x your Clubcard voucher value.'
Source:Daily Mail
March 20, 2023 03:18 UTC
App will help volunteers find ways to contribute to coronation celebrations
Love Island star Faye Winter and Dragons’ Den entrepreneur Deborah Meaden are among the celebrities promoting The Big Help Out, with more than 1,500 charities involved. The King joins members of the Sudanese community at a reception in London (PA)The Big Help Out app can be searched by postcode, the type of activity needed or the organisations involved. The minister for ceremonial events, including the coronation, Stuart Andrew, said: “The Big Help Out will shine a spotlight on the power of volunteering to help our communities. It is a tribute to His Majesty the King’s lifetime of public service and a wonderful way to begin this new age. “Today, we’re launching The Big Help Out app – it’s your one stop shop for hundreds of thousands of volunteering opportunities across the country.”Meaden said: “I know a good idea when I see it and the Big Help Out is one.
Source:The Herald
March 20, 2023 00:25 UTC
Credit Union has fun with March Madness
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Source:The Herald
March 19, 2023 22:25 UTC