South Korea's National Assembly has passed its own law to boost the country's semiconductor industry through tax breaks for manufacturers and investors, following a similar initiative by the United States.
The proposal, which has gone ahead by 179 votes in favor and 13 against, will increase the…
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First-Citizens Bank buys failed Silicon Valley Bank
First-Citizens Bank & Trust Company has reached an agreement for the acquisition of all the deposits and loans of Silicon Valley Bridge Bank, the entity created by the Federal Deposit Insurance Corporation (FDIC) of the United States,…
Investors rotate their funds amid the banking crisis
The banking crisis caused a reorganization of the investments of the investors in the last two weeks. According to EPFR data obtained by the Financial Times, more than $286 billion has been invested in US money market funds in March.
The…
United States evaluates payment of taxes by NFT
The payment of taxes for collectibles, such as stamps, sooner rather than later will reach non-fungible tokens (NFT), according to the advances in this regard by the US Department of the Treasury and the Internal Revenue Service (IRS).
The…
Florida to ban CBDC adoption
Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.
Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or…
ECB coordinates with central banks of the world liquidity of dollars until April
The most recent banking crisis has led the European Central Bank to coordinate a plan that guarantees dollar liquidity, for now, until the end of April.
The ECB is working with the Fed, the central banks of England, Canada and Japan, as…
Elon Musk asks to lower interest rates by 50 basis points
The magnate and co-founder of Tesla, as well as owner of the social network Twitter, Elon Musk, believes that the United States Federal Reserve should undertake a drop of half a percentage point in the reference interest rate at its meeting…
The US will extend protection to banks in the face of the financial situation
The United States Secretary of the Treasury, Janet Yellen, is considering expanding the protection of depositors from other small entities under conditions similar to those of the intervention of Silicon Valley Bank (SVB) and Signature…
Sharon Stone claims she lost half her fortune to SVB bankruptcy
The bankruptcy of Silicon Valley Bank affects not only empires in the technology sector. Actress Sharon Stone claimed at a charity event on Thursday that half of her fortune was trapped in SVB.
During a fundraiser for cancer and HIV…
Fed will try to keep the dollar liquid
The US Federal Reserve (Fed) announced a coordinated plan with five other central banks to keep the US dollar liquid during a series of bank failures in the US and Europe.
The plan will use currency swap lines between central banks to…
Microsoft Build 2023 will be held from May 23 to 25
Microsoft has confirmed the dates of its annual Microsoft Build developer conference, which will hold the 2023 edition from May 23 to 25, returning to the face-to-face format, although it can also be followed online.
The event, which will…
Biden signs new executive order on gun control
The President of the United States, Joe Biden, signed a new executive order on gun control on Tuesday, which is intended to tighten purchase and sale requirements, strengthen collaboration between different departments and greater…