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The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares. Investors welcomed the deal, sending First Citizens shares up more…

Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of…

Apple and Amazon sales are being hit by the weakening global economy, the tech giants have warned, adding to fears about their upcoming profits. Amazon shares tumbled more than 15%…

South Africa is gripped by a winter of discontent as the country faces its biggest ever power crisis. People are experiencing rolling blackouts of up to six hours a day…

For two weeks recently, tens of thousands of private doctors in Rajasthan protested against a landmark bill which guarantees a right to health for the northern Indian state’s 80 million…

South Africa’s gross domestic product shrank by 1.3% in the fourth quarter of 2022, much more than was expected. Analysts had predicted a decline of just 0.4%, and blamed the…