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UN Warns of ‘Imminent’ Global Water Crisis
The United Nations Educational, Scientific, and Cultural Organization (UNESCO) warned of an impending worldwide water catastrophe in a recent study. According to the findings...
What is Systemic Risk and How Does it Lead to a Banking Crisis?
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By Spiros Bougheas
The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector,...
US Raises Interest Rates Despite Banking Crisis
The US central bank has raised its key interest rate by 0.25 percentage points, despite fears that the move could aggravate the global banking...
Bitcoin Surges as Crisis Hits Global Banking
Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors...
Big American Banks Inject $30bn into First Republic to Avert Crisis
A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector.
The move...
Would Greek Banks Survive a Global Financial Crisis?
The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse.
Piraeus...
Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow
Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances...
Four Lessons from the Imia Crisis that Led Greece and Turkey to the Brink of War
The crisis over the sovereignty of Imia, a pair of small uninhabited islets in the Aegean Sea, in January 1996 led Greece and Turkey...
Flatshares Gain Ground in Greece Amidst Cost-Of-Living Crisis
Flatshares gain ground in Greece, according to new data, as an increased number of Greeks are willing to share their accommodation with more people...
The Imia Crisis: When Greece Faced War With Turkey in the Aegean
As unlikely as it may seem, a dispute over salvage rights between Turkish and Greek captains was the trigger for a series of events...