Since being shut out of much of the global financial system, Russia has sought alternatives to soften the effects of Western sanctions. Russia turns to China’s Yuan as its foreign currency of choice and supports it in trade with other countries.
The Sunshine Protection Act, which would make daylight saving time permanent, was approved by the Senate in 2022 but failed in the House Senator Marco Rubio reintroduced the bill with little chance of passing 61% of respondents in a 2022 poll want to stop clock changes, but opinions are divided on the preferred permanent time there are also challenges in passing the Sunshine Protection Act through Congress, as it faces opposition from various stakeholders, including sleep-medicine doctors and resistant lawmakers.
Credit Suisse shares plummeted 30% to a record low after Saudi National Bank ruled out further funding for the Swiss lender. Saudi Arabia's biggest bank, which invested $1.5 billion in Credit Suisse last fall, cited regulatory reasons for not increasing its stake. Credit Suisse experienced a series of missteps and compliance failures, leading to customer withdrawals and a net loss of nearly 7.3 billion Swiss francs ($7.9 billion) in 2021.
Content creators are leaving NYC for calmer lifestyles, potentially starting a trend. Influencers Paige Lorenze & Victoria Paris have both moved from NYC to quieter areas.Lorenze said more people in their mid-20s will choose suburban life over the city, making the suburbs "cool" again. The romanticized version of NYC depicted by influencers does not represent the true experience of living in the city.
Roger Ng was convicted of bribery and money-laundering charges in April 2022 after a nearly two-month trial. The 1MDB scandal involved looting over $4 billion from the Malaysian sovereign wealth fund and paying $1.6 billion in bribes to government officials. Goldman's subsidiary in Malaysia pleaded guilty to foreign bribery charges in 2020 and agreed to pay $5 billion in fines to global authorities.
March 23, 2023
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