SWS News Center

Banksy mural appears on derelict Herne Bay farmhouse - BBC News Source

Disability work tests to be scrapped in welfare shake-up - BBC News Source

US drone downing: Russia will try to retrieve remnants of drone - BBC News Source

CNN  —  Efforts are underway to find more than two tons of natural uranium reported missing from supplies held in Libya, the International Atomic Energy Agency confirmed Wednesday. A spokesman from the nuclear watchdog told CNN in an email that “approximately 2.5 tons of natural uranium” contained in 10 drums were found to be missing during an inspection on March 14. “Agency safeguards inspectors found that 10 drums containing approximately 2.5 tons of natural uranium in the form of uranium ore concentrate were not present as previously declared at a location in the State of Libya,” the IAEA said in its statement. IAEA Director General Rafael Mariano Grossi has informed the agency’s member states and officials are working to find out what happened to the uranium and where it is now, the statement added. Source

London CNN  —  Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the beleaguered megabank took it up on the offer, hoping to reassure investors that it had the necessary cash to stay afloat. Credit Suisse said it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank. Investors sent shares in the country’s second biggest lender crashing by as much as 30% Wednesday. The bank called the loan a “decisive action to pre-emptively strengthen its liquidity.” “This additional liquidity would support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs,” the bank said in a statement. In addition to the loan from the central bank, Credit Suisse also said it repurchased billions of dollars of its own debt to manage…

Hong Kong CNN  —  Banking stocks in Asia fell on Thursday, dragging the broader markets lower, as troubles at Credit Suisse sparked fears that banking turmoil is spreading around the world. News that the beleaguered megabank has taken up the Swiss central bank’s offer of financial support in orderto stay afloat has limited the worst of the losses. The lender said it would borrow up to 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank. Investors sent shares in Switzerland’s second biggest lender crashing by as much as 30% Wednesday. The bank called the loan a “decisive action to pre-emptively strengthen its liquidity.” Japan’s Topix Banks Index, a key index that tracks Japanese lenders, tumbled as much as 6.4% in the morning session. It then trimmed some losses and was last trading 3.7% lower. The index has lost more than 8% so far this week. In Hong Kong,…

After Silicon Valley Bank failed on Friday, its customers were filled with fears. But by Monday, they could breathe a sigh of relief — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation had said over the weekend that it would make each customer whole, even beyond the $250,000 insured by the FDIC. While it was welcome news for account holders, the extraordinary move raised questions for some, who wondered why the FDIC bent its rules for SVB and its customers. Eric Krahn, a computer systems engineer from Iowa, asked this question during a CNN primetime event on Wednesday. "Why does this bank and account holders get special treatment to be made fully whole?" he asked. "How does this inspire confidence in our system?" Lynnette Khalfani-Cox, CEO of AskTheMoneyCoach.com, wondered the same thing, she said during the program. "I do think there's a little bit of moral hazard here," she said, referring to…

'Emotional' Sexton prepares for Six Nations swansongVenue: Aviva Stadium, Dublin Date: Saturday, 18 March Kick-off: 17:00 GMTCoverage: Listen on BBC Radio 5 Live and BBC Radio Ulster; follow live text commentary on the BBC Sport website and appIreland captain Johnny Sexton says he will have to work hard to remove the emotion from his Six Nations swansong as his side targets the Grand Slam against a wounded England team. Sexton has the chance to win his first championship clean sweep as Irish captain in Dublin on Saturday. The 37-year-old also needs just one point to surpass Ronan O'Gara as the Six Nations' record scorer.Despite all the subplots, however, Sexton remains focused on performance.Asked on Wednesday if it will be challenging to keep a lid on his emotions, he said: "Of course, but once I start getting dragged into that, you start getting away from how you're going to make that…

Workers at a new home construction site in Trappe, Maryland, on October 28, 2022. (Jim Watson/AFP/Getty Images)Home builder confidence climbed for the third consecutive month, even as mortgage rates climbed higher for buyers.That's according to a March report from the National Association of Home Builders that looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.It was the strongest showing for the index since September.After pivoting positive in January for the first time in a year, home building looked set to continue improving as construction prospects improve and inflation cooled. This has been good news for home buyers who have been facing low inventory amid a decades-long national shortfall in building.Recent instability concerns in the banking system however, are creating more volatility in interest rates and uncertainty for builders.Mortgage rates had climbed more than half a percentage point over the past month. After recent bank failures, however, mortgage rates are…

After Silicon Valley Bank failed on Friday, its customers were filled with fears. But by Monday, they could breathe a sigh of relief — the Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation had said over the weekend that it would make each customer whole, even beyond the $250,000 insured by the FDIC. While it was welcome news for account holders, the extraordinary move raised questions for some, who wondered why the FDIC bent its rules for SVB and its customers. Eric Krahn, a computer systems engineer from Iowa, asked this question during a CNN primetime event on Wednesday. "Why does this bank and account holders get special treatment to be made fully whole?" he asked. "How does this inspire confidence in our system?" Lynnette Khalfani-Cox, CEO of AskTheMoneyCoach.com, wondered the same thing, she said during the program. "I do think there's a little bit of moral hazard here," she said, referring to…