Updated

SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payroll

By Greg Bensinger, Anna Tong, Krystal Hu and Jeffrey Dastin (Reuters) -The sudden collapse of Silicon Valley Bank on Friday sent shockwaves through the startup community, which has come to view the lender as a source of reliable capital and deposit partner, particularly for some of tech’s biggest moonshots. On Friday, tech CEOs scrambled to …

SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payroll Read More »

Casualties in Donetsk mount as Russia, Ukraine fight for Bakhmut

By Nick Starkov KYIV (Reuters) -Both Ukraine and Russia on Sunday reported high casualties in Ukraine’s Donetsk region with the slow, long-lasting and bloody fight for the small town of Bakhmut continuing as Moscow presses to advance into its neighbour’s territory. Ukraine forces control west of the now ruined and nearly deserted Bakhmut, while Russia’s …

Casualties in Donetsk mount as Russia, Ukraine fight for Bakhmut Read More »

China chooses continuity, retaining central bank chief, finance minister

By Joe Cash BEIJING (Reuters) -China unexpectedly kept its central bank governor and finance minister in their posts at the annual session of the rubber-stamp parliament on Sunday, prioritising continuity as economic challenges loom at home and abroad. President Xi Jinping, who has been installing allies in key roles in a government reshuffle as he …

China chooses continuity, retaining central bank chief, finance minister Read More »

‘A thin existence’: man stranded in Turkey after being refused entry to Britain

By Ali Kucukgocmen ANKARA (Reuters) – Stranded in Turkey since being barred from boarding a flight to Britain more than two months ago, Siyabonga Twala spent his 34th birthday on Saturday away from his son and family in an unfamiliar city. Twala holds South African citizenship, has lived in the UK since 2004 and is …

‘A thin existence’: man stranded in Turkey after being refused entry to Britain Read More »

India government opposes recognising same-sex marriage – court filing

By Arpan Chaturvedi NEW DELHI (Reuters) -The Indian government opposes recognising same-sex marriages, it said in a filing to the Supreme Court on Sunday, urging the court to reject challenges to the current legal framework lodged by LGBT couples. The Ministry of Law believes that while there may be various forms of relationships in society, …

India government opposes recognising same-sex marriage – court filing Read More »

Record-strength cyclone Freddy displaces hundreds in second Mozambique landfall

JOHANNESBURG (Reuters) -Cyclone Freddy displaced hundreds of people as it battered central Mozambique on Sunday after making landfall for a second time in a month, breaking records for the duration and strength of tropical storms in the southern hemisphere. Communications and electricity supply in the storm area have been cut so the extent of the …

Record-strength cyclone Freddy displaces hundreds in second Mozambique landfall Read More »