Business News [UP]

Swiss National Bank has agreed to takeover its troubled rival, Credit Suisse, in a $3.2 billion emergency deal brokered by regulators in Switzerland to help prevent further instability in the global banking industry....Read More

Controversial billionaire Elon Musk has announced that Twitter, which he purchased last year, will respond to inquiries from journalists with the poop emoji....Read More

Ethical Capital Partners, a private equity firm based in Canada, has acquired MindGeek — the owner of Pornhub and other adult entertainment websites....Read More

YouTube on Friday reinstated former President Donald Trump’s channel, joining Twitter, Facebook, and Instagram, who have reversed similar suspensions in recent months....Read More

The global economy was rocked by the Russian invasion of Ukraine last year and it may take at least a year before broader markets recover, the OECD said Friday....Read More

SVB Financial Group, the former parent of the collapsed Silicon Valley Bank before that institution’s closure last week, filed for Chapter 11 bankruptcy in New York on Friday....Read More

Roughly 200 million barrels of oil may rest in the Yatzil reservoir off the eastern coast of Mexico, Italian energy company Eni said Friday....Read More

A third drug company is cutting the price of insulin to $35, following competitors Eli Lilly and Novo Nordisk in heeding pressure from the Biden administration....Read More

First Republic Bank, which took a beating after the closure of Silicon Valley Bank and Signature Bank, will be saved in a $30 billion deal with 11 of the largest banks in the United States....Read More

The European banking sector remains on solid footing, but inflationary strains are enough to warrant a rate hike of 50 basis points, the European Central Bank said Thursday....Read More