Worldwide

UBS acquires Credit Suisse for 3 billion Swiss francs to end bank crisis

It includes 100 billion Swiss francs in financial assistance

ECB announces further rate hikes of 50 basis points

Expects headline inflation to average 5.3% in 2023

Bailout of First Republic led by major US banks

Bank's stock has dropped 70% in the last nine trading sessions

SVB’s collapse raises US recession fears to 35%

The prediction by Goldman economists jumped by 10%

ChatGPT4 is the new, improved version of its generative AI self

GPT-4 is more accurate, but it still makes things up

Is Credit Suisse too big to be saved?

A bailout from the Swiss National Bank and financial regulator is the most likely

Chinese-branded EVs will account for 50% of global EV sales by 2026

Tech giants will control 95% of new cars' operating systems by 2025

Ransomware attacks could cause $30 bn in damages in 2023

Average cost of data breaches expected to reach $5 mn in 2023

BTC hits $26,000

Loss of confidence in banking turns bitcoin into a thoroughbred

Burger Index raises $1.3 mn seed funding to expand into GCC

The round was led by venture capital firm Flat6Labs

A new Meta platform could rival Twitter

App may interoperate with Mastodon by supporting the ActivityPub protocol

Biden reassures Americans: Your deposits are there when you need them

Silicon Valley and Signature shareholders will lose everything."

Enterprise Super Apps: The undeniable future of employee engagement

Mobile apps are the preferred mode of brand engagement in MENA

What are DAOs, and how do they work?

There are currently about 4,000 DAOs in operation

Binance explains its wallet management system

Transparency without context can lead to misinterpretation

Why is climate fintech a hotspot for VCs right now? 

In 2022, climate FinTech investments reached a record high of $2.9 bn

Sanctions alone aren’t enough to rein in crypto crime

But they can still cause headaches for criminals, finds Chainalysis