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Yellen: greater concentration among largest banks not desirable

U.S. Treasury Secretary Janet Yellen said on Wednesday that seeing a greater concentration among the largest banks would not be desirable and she believes...

FINANCE Warren Buffett says letting Silicon Valley Bank customers go under would’ve been ‘catastrophic’

KEY POINTS Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn’t lose money in...

First Republic fate hangs in balance as talks go into the night after banks place bids

Process could lead to tidier clean-up of troubled lender, compared to SVB, but a sale to JP Morgan would require an exception to rule...

Top cloud providers Amazon, Microsoft and Google face ongoing spending cuts by clients

KEY POINTS Earnings reports last week from Amazon, Google and Microsoft showed that clients are still looking for ways to trim their spending. Year-over-year...

Unilever credits ‘effectiveness of innovation’ for Q1 growth

Outgoing Unilever CEO, Alan Jope, said its top performing brands are benefitting from the “strongest innovation line-up” it has had for years. Unilever has credited...

Cuthbert vs Colin round 2: Aldi reignites caterpillar cake spat

Aldi says it is “like M&S, only cheaper” in a new advert, which portrays caterpillar cakes Cuthbert and Colin as rivals at a party. Aldi...

Biden Casts Himself as Defender of Freedom in 2024 Ad Pitch

President Joe Biden is casting himself as a defender of freedom in his first campaign ad since launching his 2024 reelection bid President Joe Biden...

Microsoft Opens Top Cloud Data Processing Hub in Poland

Microsoft and Poland’s officials say that the IT giant has launched a top-notch hub for cloud data storage and processing in central Poland. Microsoft said...

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