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Credit Suisse shares soar after central bank aid announced

Published Tue, 25 Feb 2025 16:02:48 GMT

GENEVA (AP) — Credit Suisse’s shares soared 30% on Thursday after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe.It was a massive swing from a day earlier, when shares of Switzerland’s second-largest commercial bank plunged 30% on the SIX stock exchange after its biggest shareholder said it would not put more money into Credit Suisse.That dragged down other European banks after the collapse of some U.S. banks stirred fears about the health of the global banks. Shares of France’s Societe Generale SA and BNP Paribas as well as Germany’s Deutsche Bank and Britain’s Barclays Bank all were up Thursday after big drops a day earlier.Credit Suisse, which was beset by problems long before the U.S. bank failures, said Thursday that it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swi...

Pakistani court extends pause in arresting ex-premier Khan

Published Tue, 25 Feb 2025 16:02:48 GMT

LAHORE, Pakistan (AP) — A Pakistani court on Thursday extended a pause in the effort to arrest former premier Imran Khan, a sign of easing tension in the country’s cultural capital after clashes erupted this week when police tried to detain him. The decision is a reprieve for Khan, who was due to be arrested a few hours earlier. The Lahore High Court ordered police to suspend the plan to arrest the 70-year-old opposition leader until Friday. It also asked Khan’s legal team for talks to resolve the issue.Thursday’s order sent a wave of relief through Khan’s stick-wielding supporters, who were prepared to prevent police from reaching Khan’s house in Lahore, the capital of Punjab province. Despite the order, however, police and paramilitary rangers deployed for Khan’s arrest were not immediately withdrawn.Usman Anwar, the police chief in the Punjab province, said the violence in Lahore began Tuesday when officers went to comply with the court order and arr...

Asian stocks fall, Europe gains after Credit Suisse jitters

Published Tue, 25 Feb 2025 16:02:48 GMT

BEIJING (AP) — European shares advanced Thursday following a retreat in Asia after Credit Suisse said it would borrow up to $54 billion from Switzerland’s central bank to shore up its finances, possibly easing worries about a bank crisis following the failure of two U.S. lenders.London, Frankfurt and Wall Street futures gained. Shanghai, Tokyo and Hong Kong declined as Asian bank stocks slid, reversing Wednesday’s gains. Oil prices rose.Wall Street’s benchmark S&P 500 lost 0.7% on Wednesday after Credit Suisse shares fell 30%. That fueled jitters about global banks that are under strain following interest rate hikes by the Federal Reserve and other central banks to cool inflation.“Expect confidence to remain fragile,” Chris Turner, Francesco Pesole and Frantisek Taborsky of ING said in a report.The turmoil over banks will complicate a European Central Bank decision due to be announced Thursday about another possible interest rate hike, they said. It is “casting...

China says US spreading disinformation, suppressing TikTok

Published Tue, 25 Feb 2025 16:02:48 GMT

BEIJING (AP) — China accused the United States on Thursday of spreading disinformation and suppressing TikTok following reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app. The U.S. has yet to present evidence that TikTok threatens its national security and was using the excuse of data security to abuse its power to suppress foreign companies, Foreign Ministry spokesperson Wang Wenbin told reporters at a daily briefing. “The U.S. should stop spreading disinformation about data security, stop suppressing the relevant company, and provide an open, fair and non-discriminatory environment for foreign businesses to invest and operate in the U.S.,” Wang said. TikTok was dismissive Wednesday of a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested. ...

In low-wage Portugal, Europe’s housing crisis bites deep

Published Tue, 25 Feb 2025 16:02:48 GMT

LISBON, Portugal (AP) — Like a growing number of people in Portugal, Georgina Simoes no longer earns enough money to afford a place to live.The 57-year-old nursing home carer earns less than 800 euros ($845) a month, as do about a fourth of the country’s workforce. For the last decade, she got by because she’s been paying just 300 euros a month for her one-bedroom apartment in an undistinguished Lisbon neighborhood.Now, with rents soaring in the capital, her landlord is evicting her. She says she’s not budging because finding another place near work will be too expensive.“You live in this state of anxiety,” she says in her apartment with its partial view of the River Tagus. “Every day you wake up thinking, ‘Am I staying here or do I have to leave?”Simoes and many others, increasingly including the middle class, are being priced out of Portugal’s property market by rising rents, surging home prices and climbing mortgage rates, fueled by factors including the growing...

US pregnancy deaths dropped in 2022 after COVID spike, but still high

Published Tue, 25 Feb 2025 16:02:48 GMT

NEW YORK (AP) — Deaths of pregnant women in the U.S. fell in 2022, dropping significantly from a six-decade high during the pandemic, new data suggests.More than 1,200 U.S. women died in 2021 during pregnancy or shortly after childbirth, according to a final tally released Thursday by the Centers for Disease Control and Prevention. In 2022, there were 733 maternal deaths, according to preliminary agency data, though the final number is likely to be higher.Officials say the 2022 maternal death rate is on track to get close to pre-pandemic levels. But that's not great: The rate before COVID-19 was the highest it had been in decades.“From the worst to the near worst? I wouldn’t exactly call that an accomplishment,” said Omari Maynard, a New Yorker whose partner died after childbirth in 2019.The CDC counts women who die while pregnant, during childbirth and up to 42 days after birth. Excessive bleeding, blood vessel blockages and infections are leading causes.COVID-19 can be particularl...

DEC: Ulster County resident ticketed for illegally killing ducks

Published Tue, 25 Feb 2025 16:02:48 GMT

ULSTER COUNTY, N.Y. (NEWS10) -- An Ulster County resident was ticketed for illegally shooting and killing ducks on several violations. Department of Environmental Conservation Officers (ECOs) withheld the name of the resident. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! ECOs say on Saturday, February 25, they received a video on Snapchat showing someone sneaking up on two ducks swimming in a pond and firing four shots, killing them. With waterfowl seasons for the region closed, ECOs went to the subject's house, which was also the location of the shooting, to interview them. ECOs say during the interview, the subject admitted to shooting the ducks while a friend videotaped it. They were issued tickets for taking waterfowl out of season, hunting without a license, taking a migratory game bird without a federal duck stamp, taking waterfowl with an unplugged shotgun, and taking waterfowl with lead shot.

Albany Academy for Girls basketball forging ahead with historic season

Published Tue, 25 Feb 2025 16:02:48 GMT

ALBANY, N.Y. (NEWS10) -- It's been milestone on top of milestone this year for the Albany Academy for Girls basketball team. After claiming the first outright Colonial Council league title and Sec. II, Class B title in school history, the Bears continue their breakout season Friday in the program's first-ever trip to the semifinal round of the NYSPHSAA Basketball Championships. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Academy has won more games this season (24) than in the four years prior to head coach Bryan Capitula's arrival ahead of the 2020 season.Capitula has instilled a desire in his team to garner Albany Academy for Girls basketball the respect it lacked for so many years. Now, the Bears aren't just making a statement to the rest of Sec. II, but to the state."From the beginning, the coaches and all of us wanted to make a name for ourselves," said senior guard Stylianna Mantzouris. "(We) wanted to show people that, you kn...

Wood sisters help Pioneers to NCAA Tournament win

Published Tue, 25 Feb 2025 16:02:48 GMT

STANFORD, C.A. (NEWS10) -- The Averill Park girls basketball dynasty has reached the NCAA tournament, and it's a family affair. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Junior Kelsey Wood and Freshman Amelia Wood helped lead Sacred Heart to the program's first tournament win on Wednesday night, topping Southern in a First Four matchup 57-47. Kelsey tallied a double-double with 10 points and 11 boards, while Amelia added 8 points.NEWS10 caught up with the Wood sisters before their game, who shared what the experience has been like so far. "Just being here is a cool experience," said Amelia. "I've always dreamed of this. I've always watched the NCAA Tournament. I really never thought I'd ever be here. But here we are.""It's just an amazing experience," added Kelsey. "Even just the quick turnaround we had from winning a championship to flying to California the next day. It's all just kind of been a rush of adrenaline." Sacred Heart...

European Maritime, Fisheries and Aquaculture Fund 2021-2027: Commission adopts over €15 million programme for Slovakia

Published Tue, 25 Feb 2025 16:02:48 GMT

The Commission has adopted the European Maritime, Fisheries and Aquaculture Fund (EMFAF) Programme for Slovakia, to implement the EU Common Fisheries Policy (CFP) and EU policy priorities outlined in the European Green Deal. The total financial allocation for the Slovak programme 2021-2027 is €20.4 million over the next 6 years, of which the EU contribution accounts for €15.2 million.The EMFAF Programme for Slovakia will help build a stronger aquaculture and processing sector in Slovakia, support innovation in productive investments, help the decarbonization of the sectors by improving their energy efficiency, improve the market organisation and increase profitability and sustainability of the entire market chain.Environment, Oceans and Fisheries Commissioner Virginijus Sinkevičius said: “I am happy to announce the adoption of the EMFAF programme for Slovakia, the programme that will support the sustainable use of aquatic resources and development of fisheries and aquaculture in fre...