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India Introduces Four-Layer Motor Insurance Structure for Private Vehicles

India's insurance regulator has introduced a new four-layer structure for motor insurance policies covering private cars and two-wheelers. The move, effective December 15, 2026, aims to provide vehicle owners with greater clarity and choice in selecting coverage options beyond the mandatory third-party liability.

Mutual fund returns show shifting leaders across market-cap categories

Equity mutual funds are classified into different categories based on their investments across market capitalisations, primarily large-cap, mid-cap, and small-cap funds. Large-cap funds invest in well-established companies that tend to be relatively less volatile, while mid-cap funds focus on medium-sized companies.

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Interest rate risk: SVB's nemesis a well-known foe in banking

Among the mysteries surrounding the collapse of Silicon Valley Bank, finance experts have fixated on the California lender's failure to practice basic risk management.

Credit Suisse at a crossroads as stocks slide again

Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.

Biden celebrates St Patrick's Day with Irish PM

President Joe Biden and Irish Prime Minister Leo Varadkar painted the town green Friday, celebrating Saint Patrick's Day -- and touting Biden's expected visit to Ireland and Northern Ireland to mark the anniversary of the Good Friday peace accords.

Bank fears return to haunt stock markets

Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at US and Swiss lenders to prevent contagion across the sector.

Macron govt faces no-confidence vote over pensions fight

French President Emmanuel Macron's government on Friday faced no-confidence motions in parliament and intensified protests after imposing a contentious pension reform without a vote in the lower house.

Stocks slide as bank fears return to the forefront

US and European stock markets fell on Friday as fears over the health of the banking system festered despite the latest efforts to shore up troubled lenders and tamp down contagion risks.

'Serious' safety faults in Greek rail network: watchdog

Greece's rail watchdog on Friday said a probe had uncovered serious signs of poor training among staff on duty during the country's deadliest train tragedy, which killed 57 people last month.

First German minister to visit Taiwan in 26 years: ministry

German Education Minister Bettina Stark-Watzinger will travel to Taiwan next week, Berlin said Friday, as the first cabinet member to visit in 26 years in a move set to spark tensions with China.

Stock markets recover further on easing bank fears

Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.

China's Xi to visit Russia on first visit since Ukraine invasion

Chinese President Xi Jinping will make a state visit to Moscow next week, where he will hold talks with his strategic ally Vladimir Putin just over a year into Russia's war in Ukraine.

Markets extend global rally as banking sector fears ease

Asian and European markets rose Friday, extending a global rally, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector.

Crypto-linked bank failures fuel regulation debate

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.

Asian markets extend global rally as banking sector fears ease

Asian markets rose Friday, tracking New York and European equities, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector.

Libya's boxers recover from Kadhafi-era knockout

Omar Zlitni holds a decades-old, black-and-white photo of himself as a boxer in his prime, posing in shorts and a training vest before Libya's then-dictator, Moamer Kadhafi, banned his beloved sport.

Italy's 'Fourth Mafia', little-known but extremely violent

It took a loaded pistol pointed at Lazzaro D'Auria's head for the Italian landowner to finally say yes to the country's newest and most violent mafia.

Northeast Brazil sees more fierce gang violence

Marauding attacks by gang members in northeast Brazil continued for a third night despite a beefed up presence of security forces, authorities said on Thursday.

Sanofi, joining other drug makers, slashes US insulin price

French pharmaceutical giant Sanofi announced on Thursday it would cut the US price of its most prescribed insulin by 78 percent, falling in line with two other major drug makers.

Global stocks rally on 'dovish' ECB hike, First Republic relief package

Wall Street rallied Thursday after a consortium of US private banks announced a $30 billion rescue package for First Republic, while European stocks jumped on a European Central Bank's interest rate decision that was called a "dovish hike."

Credit Suisse bounces back but caution lingers

Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Wall Street giants move to rescue First Republic Bank

America's largest banks moved Thursday to shore up First Republic, easing fears that the regional lender could be the next domino to fall after two collapses including Silicon Valley Bank (SVB).

Italy's Meloni revives contentious Sicily bridge plan

Italian Prime Minister Giorgia Meloni's cabinet passed a decree Thursday relaunching a controversial project to build a huge, multibillion-euro bridge linking Sicily to the mainland.

Global stocks rally after ECB lifts rates amid First Republic rescue talk

Wall Street rallied Thursday on reports that private US banks were in talks to save First Republic Bank while European stocks jumped as the European Central Bank lifted interest rates but took a somewhat "dovish" tone for the future.

Meta maps way to 'kill' online deception campaigns

Meta on Thursday released a framework for exposing and combating malicious online campaigns from election lies to terrorist recruitment.

US maternal mortality rate rose sharply in 2021: report

The US maternal mortality rate surged in 2021, the second year of the Covid-19 pandemic, with Black women more than twice as likely to die than white women, according to a report released on Thursday.

Stocks surge on 'dovish' ECB rate hike

Stocks surged higher Thursday after the European Central Bank went ahead with a big interest rate hike despite fears of a banking crisis but took a somewhat "dovish" tone for the future.

Russian transfers of Ukrainian children 'a war crime': UN probe

Russia's forced transfer and deportation of Ukrainian children to areas under its control amounts to a war crime, UN investigators said Thursday, adding that they are probing allegations of genocide in the Ukraine conflict.

From acclaim to blame: Lebanon's bank chief Riad Salameh

Lebanon's central bank chief Riad Salameh, once lauded for reviving the economy, faces investigations into his personal wealth and is widely viewed as a key culprit in the country's dramatic economic crash.

Shares of First Republic plunge after report of possible sale

Shares of First Republic Bank nosedived on Wall Street Thursday following a report that the embattled California bank is considering strategic options, including a possible sale.

Stocks waver after ECB rate hike

Stock markets wobbled on Thursday after the ECB went ahead with a big interest rate hike despite fears of a banking crisis.

ECB sticks to planned rate hike despite turmoil

The European Central Bank stuck to a planned interest rate increase Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.

Ten trapped miners found dead in Colombia, toll rises to 21

Ten workers trapped in a coal mine in central Colombia were found dead, bringing the death toll from an explosion in the pit to 21, President Gustavo Petro said Thursday.

Credit Suisse bounces back but investors still cautious