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Silicon Valley Bank: Money in failed US bank is safe - US government

People and businesses who have money deposited with failed US bank Sillicon Valley Bank (SVB) will be able to access all their cash from Monday, the US government has said.

Latest Business

Tyler Perry Expressed Interest in Buying Majority Stake of BET Media Group From Paramount Global

Potential sale of part of parent of BET and VH1 would help Paramount shore up resources for streaming

Tesla to Build a Manufacturing Plant in Mexico

President Andrés Manuel López Obrador says the northern Mexican industrial hub of Monterrey will host the operation

YouTube CEO Susan Wojcicki Is Stepping Down After Nearly a Decade in the Role

She will be succeeded by Neal Mohan, YouTube’s current chief product officer

Yahoo eyes retail stock trading in major growth push

The company’s advertising group will be reduced by half by the end of the year

Adidas shares tumble as fallout from Yeezy sneakers deepens

German group warns it may take a hit of up to €700mn as new CEO says it needs to ‘put pieces back together’

Russia's Economy Forecast to Outperform U.S. Within Two Years

The International Monetary Fund reported that Russia's GDP would be over 2 percent in 2024, with the U.S. seeing 1 percent growth that year.

Corporate Layoffs Spread Beyond High-Growth Tech Giants

Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority

Justin Bieber Sells Music Rights to Blackstone-Backed Fund Hipgnosis

The deal includes more than 290 of the pop star’s songs including ‘Love Yourself’ and ‘Ghost’

Spotify to Cut 6% of Workforce in Latest Tech Layoffs

Streaming company says move is part of broader cost-cutting measures

Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO

Streaming giant added 7.7 million net new subscribers in fourth quarter

Netflix Shocker: Reed Hastings to Exit Co-CEO Role, Will Remain as Executive Chairman

Greg Peters has been promoted to co-CEO alongside Ted Sarandos, with Bela Bajaria and Scott Stuber also being promoted.

Netflix co-CEO steps down

Cofounder Reed Hastings will now serve as executive chairman, the company announced. Here's what we know

Janet Yellen Says U.S. Begins Extraordinary Measures to Avoid Debt Default

Maneuvers give Congress five months to pass legislation raising or suspending the debt limit

Microsoft Plans to Announce Layoffs as Early as Wednesday Morning

Software company’s revenue growth has slowed in recent quarters

China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite

The outlook for 2023 has been lifted by optimism around the easing of Covid restrictions

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