China names U.S.-sanctioned general Li Shangfu as defence minister

BEIJING (Reuters) – China named Li Shangfu, a U.S.-sanctioned general, as its new defence minister on Sunday. Li has been under U.S. sanctions since 2018 over the purchase of combat aircraft and equipment from Russia’s main arms exporter, Rosoboronexport. Li’s appointment was confirmed on Sunday after the rubber-stamp parliament, the National People’s Congress, voted overwhelmingly …

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Tennis-Raducanu says luck cuts both ways after advancing at Indian Wells

By Rory Carroll INDIAN WELLS, California (Reuters) – Britain’s Emma Raducanu has learned that good fortune can be fleeting and bad luck can cruelly compound itself but said she is on the upswing following her second-round victory at Indian Wells on Saturday. The 20-year-old has been beset by an avalanche of injuries and illnesses of …

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Japan foreign minister preparing to visit Pacific islands in late March -Yomiuri

TOKYO (Reuters) – Japan has begun preparations for Foreign Minister Yoshimasa Hayashi to visit the Solomon Islands, Kiribati and the Cook Islands in late March, the daily Yomiuri newspaper reported on Sunday citing multiple government sources. The visit, expected to take place from March 18 to 22, comes after China signed a security pact with …

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SVB’s investment banking arm explores buying lender back, Bloomberg News reports

(Reuters) -The managers of Silicon Valley Bank’s investment banking arm, SVB Securities, are exploring ways to buy the collapsed lender back from its parent company, Bloomberg News reported on Saturday. SVB Securities Chief Executive Officer Jeff Leerink and his team are seeking help to finance a potential management buyout of the business, the report said, …

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Hedge funds offering to buy startup deposits stuck at Silicon Valley Bank -Semafor

(Reuters) -Hedge funds are offering to buy startup deposits stranded at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range from 60 to 80 cents on the dollar, the report said adding that the range reflects expectations for how …

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Ciclón Yaku desata fuertes lluvias e inundaciones en Perú; hay al menos seis muertos

LIMA, 11 mar (Reuters) – Al menos seis personas murieron los últimos días en Perú debido a las torrenciales lluvias que ha dejado el ciclón Yaku, que esta semana azotó cientos de hogares y causó grandes disturbios en las zonas del norte del país sudamericano, dijeron autoridades. El gobierno declaró estado de emergencia para agilizar …

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Biden speaks with California governor about Silicon Valley Bank – White House

WASHINGTON (Reuters) – U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, the White House said after the bank’s collapse. A White House statement said Biden discussed with Newsom an emergency declaration he issued on Friday to ensure California has …

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