Tag: Region Europe

Regulators, policymakers and bankers are looking at the role that digital messaging and social media may have played in the collapse, and whether banks are entering an age when the psychological behavior behind a bank run — mass fear from depositors of losing their savings — may be amplified and go viral quicker than bank officers and regulators can successfully respond.

According to the Russian Defense Ministry, Shoigu told Austin that the incident was caused by the Americans violating the airspace restriction declared by Russia, with all the proper international notifications in place. Shoigu called US drone flights off the Russian coast “provocative in nature” and risked an escalation of tensions in the Black Sea. 

While Russia does not desire such a development, it will “continue to respond proportionately to all provocations,” Shoigu said. He added that the two nuclear powers “must act as responsibly as possible,” which includes keeping a military channel open to discuss any crisis.

Speaking at a Pentagon press briefing, Austin confirmed that he made the call, and said it was “important that great powers be models of transparency and communication.” However, he insisted the US would “continue to fly and to operate wherever international law allows.”

Shares of Swiss bank lose more than a quarter of their value in one day, dragging down European and US markets.

Credit Suisse shares tumbled more than 20% in pre-market trading on Wednesday after its biggest backer ruled out investing any more into the troubled Swiss bank. 

“The answer is absolutely not, for many reasons outside the simplest reason, which is regulatory and statutory,” Saudi National Bank Chairman Ammar Al Khudairy said in a Bloomberg interview, responding to whether the Gulf lender would dole out more money. 

Shares in Credit Suisse slid 21.91% to $1.96 in pre-market trading in US-listed shares. Meanwhile, in Zurich, it’s stock fell 19% to $1.79, marking a new record low on Switzerland’s stock exchange. The bank’s stock is down about 24% since the start of the year.

US stocks tumbled Wednesday, as the banking sector saw renewed turmoil — but this time focused on Europe. US-listed shares of Credit Suisse plunged more than 20%, as Saudi backers ruled out further investment in the embattled lender.

Since regulators shut down Silicon Valley Bank on Friday, investors have been concerned about another 2008-style financial crisis. On Tuesday, Moody’s cut its outlook for the entire US banking system. Meanwhile, the Labor Department reported wholesale prices posted a monthly decline of 0.1% in February, versus expectations for a 0.3% increase.

An American intelligence drone crashed after colliding with a Russian fighter over the Black Sea on Tuesday, the U.S. Air Force’s European headquarters said in a release.

The MQ-9 Reaper drone was flying a routine surveillance mission in international airspace when it crossed paths with two Su-27 fighters around 7 a.m. local time, according to U.S. Air Forces in Europe.

The Russian jets began antagonizing the unmanned aircraft, repeatedly dumping fuel on and buzzing in front of the much smaller Reaper, the Air Force said. One Su-27 drew close enough to hit the drone’s tail propeller, causing its remote operators to lose control of the plane.

Antonov met with Assistant Secretary of State for European and Eurasian Affairs Karen Donfried, who protested the “unsafe and unprofessional intercept” of the drone that resulted in its loss. “We consider this incident a provocation,” Antonov told reporters after the meeting. He said he told Donfried that US drones, planes and ships had no business being that close to Russian borders. “Could you imagine what the reaction of the US media or the Pentagon would be, if such a drone…

CHISINAU, Moldova — On Friday, John Kirby, the spokesperson for the National Security Council, made a surprise announcement at a White House press briefing. U.S. intelligence, he said, had determined that the Kremlin was plotting to topple another European democracy. “Russian actors, some with current ties to Russian intelligence, are seeking to stage and use protests in Moldova as a basis to foment a manufactured insurrection against the Moldovan government,” Kirby declared. As if on schedule, Moldova experienced an antigovernment…

Russian President Vladimir Putin said Germany’s response to the explosion on North Sea pipelines showed that the country remained “occupied” and unable to act independently decades after its surrender at the end of World War II.

Putin, interviewed on Russian television, also said European leaders had been browbeaten into losing their sense of sovereignty and independence.

Western countries, including Germany, have reacted cautiously to investigations into the blasts which hit Russia’s Nord Stream gas pipelines last year, saying they believe they were a deliberate act, but declining to say who they think was responsible.

Russian President Vladimir Putin on Tuesday dismissed allegations that Ukrainians could be behind the blasts that damaged the Nord Stream gas pipelines in the Baltic Sea last year, and insisted the U.S. was to blame. Putin spoke after The New York Times, The Washington Post and German media published stories last week citing unidentified U.S. and other officials as saying there was evidence Ukraine, or at least Ukrainians, may have been responsible. The Ukrainian government has denied involvement.

Germany’s Die Zeit newspaper and German public broadcasters ARD and SWR reported that investigators believed five men and a woman used a yacht hired by a Ukrainian-owned company in Poland to carry out the attack. German federal prosecutors confirmed that a boat was searched in January but have not confirmed the reported findings.

Putin rejected the notion as “sheer nonsense.”

Khan tells Al Jazeera an arrest warrant is a politically motivated attempt to ‘remove him’ from upcoming elections.

Turkey’s stubborn membership conditions are showing signs of wearing down Finland’s “jump together” philosophy with neighbor and co-applicant Sweden.

Washington says ‘reckless’ Russian manoeuvers forced US to bring down MQ-9 drone, but Moscow denies collision occurred.

The UAV was flying towards the Russian border without a transponder active, in clear violation of the restricted area established for the conduct of the special military operation, the ministry said. Two interceptors were dispatched to investigate.  “As a result of sharp maneuvers around 9:30am Moscow time, the MQ-9 unmanned aerial vehicle went into uncontrolled flight, lost altitude, and collided with the water surface. The Russian fighters did not use weapons, did not come into contact with the UAV, and…

Florida governor and other leading conservative US presidential hopefuls express scepticism of Washington’s aid to Kyiv.

A US Air Force MQ-9 Reaper surveillance drone was brought down on Tuesday morning over the Black Sea, after what the European Command claimed as “an unsafe and unprofessional intercept” by two Russian jets. The “Intelligence, Surveillance, and Reconnaissance” platform was “operating within international airspace” when the airplanes approached, EUCOM said in a statement. One of the Su-27s “struck the propeller of the MQ-9,” so the operators ditched the drone into the sea.  “Several times before the collision, the Su-27s…