Stories for March 2023

Tuesday, March 21st 2023 - 09:51 UTC
Guterres warns climate bomb ticking

United Nations Secretary-General António Guterres said Monday in a recorded appearance before a UN Intergovernmental Panel on Climate Change (IPCC) that in order to avoid a climate catastrophe, carbon emissions must be halved by 2030 because “the climate bomb is ticking.”
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Tuesday, March 21st 2023 - 09:47 UTC
Argentine electricity company under intervention for 180 days

Following seemingly endless power cuts in the Buenos Aires area, Federal Economy Minister Sergio Massa ordered the intervention of suppliers Edesur and appointed Jorge Ferraresi as the company's new controller for a period of 180 days.
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Tuesday, March 21st 2023 - 08:12 UTC
Xi Jinping and Putin strengthen ties in Moscow

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping held an informal meeting Monday in Moscow. The Chinese leader is on a state visit.
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Monday, March 20th 2023 - 16:08 UTC
It’s the Banking Regulations, Stupid

By Antonio Floglia (*), LONDON – Rather than developing a robust understanding of the errors that led to the 2008 global financial crisis, politicians and the public demanded that supervisory authorities simply double down on regulation. So, that is what they did, and we are now seeing the results with the sudden collapse of Silicon Valley Bank.
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Monday, March 20th 2023 - 16:05 UTC
Network of leading Western central banks ready to inject the necessary dollars liquidity

Leading central banks of the West announced on Sunday a coordinated action to provide liquidity to the financial system through the US swap liquidity line arrangements. The statement was signed by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell and becomes effective Monday 20 March.
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Monday, March 20th 2023 - 16:04 UTC
Extreme surgery: Swiss government and UBS take over Credt Suisse

The Swiss National Bank said at a press conference in Bern on Sunday evening that UBS would be taking over embattled lender Credit Suisse. The deal will see UBS acquire Credit Suisse for 3 billion Swiss francs (US$ 3.23 billion).
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Monday, March 20th 2023 - 15:59 UTC
Moscow extends 60 days Black Sea Grains exports; Putin insists West sanctions on Russian exports must also be lifted

The United Nations announced on Saturday that a deal allowing for the safe export of grain from Ukrainian reports had been extended. The UN did not specify the length of the renewal, while Russia and Ukraine issued conflicting statements on the matter.
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Monday, March 20th 2023 - 15:54 UTC
Antarctic sea ice hitting historic lows

A website specialized in weather news published this past weekend a report stating that Antarctic sea ice reached another historic low after a trend of ice loss in recent years seems to have come to stay because while Antarctic sea ice shows an almost flat trend, the minima appear to have gained on that trend.
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Monday, March 20th 2023 - 15:50 UTC
IDB forecasts gloomy 2023 for Latin America, Caribbean

The Interamerican Development Bank (IDB) has issued a report forecasting growth for the region in 2023 will barely stand at 1%, much lower than similar studies from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Monetary Fund (IMF).
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Monday, March 20th 2023 - 15:47 UTC
Curfew imposed in Miami Beach after fatal shootings

Miami Beach authorities declared a state of emergency and imposed a curfew after two nights of Spring Break shootings that left two dead and two wounded, it was reported.
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