Silicon Valley Bank’s problems may affect other US financial institutions, Elon Musk allows the purchase of SVB and Saudi Aramco reported a record profit of 161,000 million dollars These and other news of the day are in the summary of RB.
Silicon Valley Bank
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US banks may face problems after SVB bankruptcy. The US is considering the possibility of creating a fund to protect deposits in these organizations.
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Elon Musk allowed the purchase of the bankrupt Silicon Valley Bank.
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The businessmen called on the UK government to intervene as soon as possible in the situation related to the bankruptcy of SVB to avoid serious damage to the technology sector.
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Cryptocurrency USD Coin after news that Circle, which manages it, held $3.3 billion in SVB.
World
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Sudan can become a center for the sale of Russian products to other African countries, said the country’s ambassador to the Russian Federation.
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Saudi Arabia may buy Boeing planes for $35 billion for a new state airline.
Business
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The Ministry of Transportation required airlines to change the location of identification markings on aircraft.
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The largest oil company, Saudi Aramco, reported a record profit of $161.1 billion in 2022.
Photo: Noska Photo / Shutterstock
Author:
Ahmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
