US President Joe Biden is expected to address measures taken by regulators to contain the fallout from Silicon Valley Bank’s (SVB) collapse, the second-largest bank failure in US history. Regulators in the UK are also scrambling to contain the fallout, with Chancellor Jeremy Hunt preparing a cash lifeline for tech companies that have been hit. […]
. Follow us on Twitter @FTFirstFT and join our Facebook group to stay up to date. This week, Joe Biden nominated former Mastercard chief executive Ajay Banga as World Bank president. The nomination comes as the US and other shareholder nations seek to expand the bank’s development remit to include the fight against global warming. […]
. Follow us on Facebook and Twitter and join our group for the latest news and views. Have a great day! This article looks at the deepening relationship between Vladimir Putin and China\’s Xi Jinping, and how Beijing has provided an economic lifeline to Moscow as western sanctions bite. Five news stories are also discussed, […]