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Wednesday, Mar 22, 2023
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Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
A Look at the Challenges Faced by the Leading Funder and Banker of Risky Tech Ventures
Silicon Valley Bank, known for its funding and banking services to risky tech startup projects, is facing struggles that could negatively impact the industry.
The bank has sold 21 billion dollars worth of holdings at a1.8 billion dollars loss and faced a drop in its stock value by two thirds last year.
Its latest financial maneuropean unionvers, including raising 500 million dollars from a venture firm, are raising alarm with its client base.
Total client funds have fallen for the last five quarters, and ratings agencies have downgraded its ratings, reflecting its funding and liquidity challenges.
These challenges could have a domino effect on tech startup investments, making it harder and costlier to access loans, ultimately affecting the growth of the tech industry.
Expats can register birth online through Absher
The Agency for Civil Status at the Ministry of Interior announced that electronic birth registration will be available for expatriates through the ministry’s Absher platform.
Yemen: Fresh negotiations conclude with release of 887 prisoners
The UN Special Envoy for Yemen announced on Monday the planned release of 887 conflict-related detainees from all sides along with other gains after concluding 10 days of negoti...
PTA: Bearing ‘private’ number plates by taxis is a traffic violation
The Public Transport Authority (PTA) revealed that it has monitored public taxis with the new identity, bearing ‘private’ number plates, warning that this is considered a violat...
45th King Faisal Prize given away at award ceremony in Riyadh
On behalf of Custodian of the Two Holy Mosques King Salman, Prince Faisal bin Bandar bin Abdulaziz, Emir of Riyadh Region, graced here Monday evening the award ceremony of the 4...
Sikh separatist preacher continues to elude India police
Internet services remain restricted in parts of India's northern Punjab state for a fourth day as thousands of police continued their search for Sikh separatist leader Amritpal ...
Ehsan warns against exploiting its name in financial fraud for donations, as Ramadan approaches
The National Platform for Charitable Work (Ehsan) has warned against exploiting its name in financial fraud for collecting donations, with the approach of the holy month of Rama...
Deadly fungal infection spreading in US at an alarming rate, CDC says
A drug-resistant and potentially deadly fungus has been spreading rapidly through US health care facilities, NBC News reported quoting a new government study.
King expresses best wishes to citizens and Muslims on occasion of Ramadan
Custodian of the Two Holy Mosques King Salman, who chaired the Cabinet session at Irqah Palace on Tuesday here, expressed his best wishes to citizens and Muslims everywhere on t...
Several ministry officials among 142 arrested over corruption
The Saudi Oversight and Anti-Corruption Authority (Nazaha) announced on Tuesday that a total of 142 people were arrested over corruption charges during the current month of Sha’...
Al-Bassami: Booking an appointment is a must to perform Umrah
Director of Public Security Lt. Gen. Muhammad Al-Bassami said that performing Umrah requires booking an appointment on the Nusuk or Tawakkalna applications. “What is required is...
Ramadan fasting to begin on Thursday; no crescent sighted
Muslims in Saudi Arabia will start observing fasting on Thursday, March 23, marking the beginning of the holy month of Ramadan. This is in the event of not sighting the crescent...
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Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
A Mississippian man, who was once considered a “ticking time bomb,” has lost a whopping 165 kilograms! What motivated this incredible transformation?
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Watch: “They are wounded but unbowed, unbreakable.”
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Saudi Arabia To Introduce Yoga In Universities
Middle East real estate market to see strong growth in 2023, predicts CBRE.
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Saudi Aramco, the energy giant, has acquired Valvoline Inc., a US-based oil company, for $2.65 billion
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
Tucker Carlson called Trump a 'demonic force'
US bombed Nord Stream gas pipelines, claims investigative journalist Seymour Hersh
Sheikh Jassim Bin Hamad Al Thani bid in for 100% of Manchester United
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake