World and International News -12 March 2023

silicon valley bank collapse

INTERNATIONAL NEWS

1. Australia won’t tolerate any extreme actions and attacks that took place in religious buildings, and there is no place for such action against Hindu temples, Australia Prime Minister Anthony Albanese said while addressing a press conference in New Delhi.

2. Prime Minister Narendra Modi on Friday met with US Secretary of Commerce Gina Raimondo, who was in India from March 7-10.

3. Pakistan’s Supreme Court Justice Munib Akhtar on Saturday virtually addressed the 18th meeting of Chief Justices of the Supreme Courts of the Member States of the Shanghai Cooperation Organisation (SCO).The Supreme Court of India is hosting the meeting of Chief Justices and Chairperson of the Supreme Courts of SCO from March 10-12.

4. Russian President Vladimir Putin will most likely attend the G20 summit in September 2023 in New Delhi.

5. Indian Prime Minister Narendra Modi might embark on a state visit to the United States in the third week of June 2023.

6.. US President Joe Biden on Friday (March 11) appointed two Indian-Americans to the Advisory Committee for Trade Policy and Negotiations. Revathi Advaithi, CEO of Flex, and Manish Bapna, CEO of Natural Resources Defence Council.

🌎WORLD NEWS🌍

1. Pakistan Foreign Minister Bilawal Bhutto Zardari has claimed that the International Monetary Fund (IMF) is “not being fair” to Pakistan, as the country is facing serious crises.

2. A Russian strike in Ukraine’s Kherson city on Saturday (March 11) killed three people and injured two others.

3. Iran to buy Su-35 fighter jets from Russia.

4. Former Communist party chief of Shanghai, Li Qiang, on Saturday took oath as China’s premier, replacing outgoing Li Keqiang after a decade.

5. German Women in Berlin will soon be free to bathe topless in public swimming pools, following a ruling by the city’s authorities. Propagators of ‘Freikörperkultur’ – free body culture have welcomed the decision.

6. Ex-Malaysian PM Muhyiddin Yassin was charged on Friday with corruption and money laundering over projects launched under his premiership. Yassin, who served as the PM for 17 months between 2020 and 2021, became the second Malaysian leader after Najib Razak to be charged with crimes after losing power.

7. Storm breaches California river’s levee, thousands evacuate

8. Four space station astronauts returned to Earth late Saturday after a quick SpaceX flight home. Their capsule splashed down in the Gulf of Mexico just off the Florida coast near Tampa. The U.S.-Russian-Japanese crew spent five months at the International Space Station, arriving last October.

9. Silicon Valley Bank collapse – US bank crash rattles India start-ups: Panic over deposits, funding cloud
The tech industry is the biggest customer of the Silicon Valley Bank (SVB), with a large number of Indian start-ups, especially in the SaaS (software as a service) sector that service US clients, having accounts at the bank.

10. Startup-focused lender SVB Financial Group (SIVB.O) became the largest bank to fail since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. California banking regulators closed the bank, which did business as Silicon Valley Bank, on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for later disposition of its assets.

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Pooja Kumari Ms. Pooja,
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