The Federal Reserve Board on Monday announced that Vice Chair for Supervision Michael S. Barr is leading a review of the supervision and regulation of Silicon Valley Bank, in light of its failure. The review will be publicly released by May 1.
Marking the 10th anniversary of the Falklands Islands referendum regarding self-determination, MLA Mark Pollard was interviewed by Buenos Aires' Clarín to discuss that consultation and other topics regarding current events involving the South Atlantic overseas territories.
Uruguayan Customs authorities are to deploy three new state-of-the-art scanners for border control, Economy and Finance Minister Azucena Arbeleche announced Monday during the opening of the VIII Regional Meeting of the Global Container Program for Latin America and the Caribbean. The plan is an initiative of the United Nations Office on Drugs and Crime and the World Customs Organization.
US President Joseph Biden said his country's banking system was safe in the aftermath of last week's collapse of Silicon Valley Bank, a California financial giant specialized in the technology sector. Biden insisted Monday that Americans can trust that the banking system is safe, and said he would seek to move forward with stronger regulations.
Brazilian Supreme Federal Court (STF) Justice Alexandre De Moraes insisted Monday that social media platforms should be likened to communication and advertising companies so that they can be held accountable.
Prime Ministers Anthony Albanese of Australia and Rishi Sunak of the United Kingdom joined US President Joseph Biden Monday at a San Diego naval base to discuss the terms under which the South Pacific Island will purchase nuclear-powered submarines as part of the AUKUS defense strategy to neutralize China's expansion in the region.
According to a report issued Monday by the Fire Monitor, an initiative of the Annual Mapping Project of Land Use and Land Cover in Brazil (MapBiomas) in partnership with the Amazon Environmental Research Institute (IPAM), the Amazon biome concentrated 90% of its areas with fires, representing 487,000 hectares. In the first two months of 2022, the area totaled 654,000 hectares. In the country's six biomes - Amazonia, Caatinga, Cerrado, Atlantic Forest, Pampa, and Pantanal - there were fires over 536,000 hectares.