PBOC Warns SVB Failure Shows Hazard of Rapid Global Rate Hikes

The collapse of Silicon Valley Bank shows that rapid monetary policy shifts in developed economies are having hazardous effects on financial stability, an official with China’s central bank said Saturday, in its first official comment on the crisis.

PBOC Warns SVB Failure Shows Hazard of Rapid Global Rate Hikes

The collapse of Silicon Valley Bank shows that rapid monetary policy shifts in developed economies are having hazardous effects on financial stability, an official with China’s central bank said Saturday, in its first official comment on the crisis.

Ukraine Latest: Kremlin Says ICC’s Putin Arrest Warrant is Void

In a largely symbolic step, the International Criminal Court based in The Hague issued an arrest warrant for Russian President Vladimir Putin, citing his alleged role in the “war crime” of unlawfully deporting thousands of Ukrainian children to Russia. The Kremlin, which doesn’t recognize the court’s judgments, termed the move unacceptable and void.

Ukraine Latest: Kremlin Says ICC’s Putin Arrest Warrant is Void

In a largely symbolic step, the International Criminal Court based in The Hague issued an arrest warrant for Russian President Vladimir Putin, citing his alleged role in the “war crime” of unlawfully deporting thousands of Ukrainian children to Russia. The Kremlin, which doesn’t recognize the court’s judgments, termed the move unacceptable and void.