Author: News Desk

Strike brings Germany’s public transport network to halt On Monday, Germany’s transportation system is expected to come to a near standstill due to strikes by two major unions. Workers across airports, ports, railways, buses, and subways walked out shortly after midnight for a 24-hour stoppage in demand for higher wages to offset the rising cost of living. This will be the largest strike in decades in the country, with multiple smaller walkouts already having occurred in other public service sectors. The two unions behind the strike are among the largest in Germany. Verdi represents approximately 2.5 million employees in the…

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More storms feared after Mississippi tornado Governor Tate Reeves has issued a warning that the US state of Mississippi may experience more severe weather following the tornadoes that claimed the lives of 26 people. Significant risks remain in some parts of the state, and hundreds of people have been displaced in the aftermath of the tornadoes that ravaged Mississippi and Alabama on Friday night. The Friday tornado was the deadliest in Mississippi in over a decade, and one person died in Alabama. The devastation has prompted President Joe Biden to declare a state of emergency and deploy federal resources to…

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Collapsed US Silicon Valley Bank bought by rival First Citizens BancShares has purchased the assets and loans of the collapsed US lender, Silicon Valley Bank (SVB), the US Federal Deposit Insurance Corporation (FDIC) announced. SVB’s collapse earlier this month raised concerns about the stability of other lenders, resulting in a significant drop in bank shares worldwide. In Europe, worries over the strength of Swiss banking giant Credit Suisse led to a rushed takeover by rival UBS. Nerves among investors have remained, and bank shares fell sharply on Friday. SVB collapsed soon after a run on the bank and was swiftly…

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Today’s news summary – Paper Talk There’s a real variety of stories dominating Monday’s front pages, with England’s win over Ukraine – thanks to Harry Kane and Saka’s superb goals – being splashed on the papers today. Backbench Conservative MPs have warned that Rishi Sunak must close “legal loopholes” that would enable European judges to prevent the deportation of illegal migrants from the UK, The Express says. Meanwhile, The i reports that the prime minister is prioritising solving the issue of Channel crossings, while The Times claims that government sources believe Home Secretary Suella Braverman is a “sock puppet” for…

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