Top news of the day: Credit Suisse unease sparks selloff in world stocks; India’s exports shrink by 8.8% in February 2023, and more
The Hindu
The major news headlines of the day and more.
Credit Suisse unease sparks selloff in world stocks
Renewed unease gripped world markets on March 15 as news that Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more. Signs of calm and stability in banking stocks, which have tanked in the past week, following the collapse of Silicon Valley Bank, soon paved way for renewed selling as Credit Suisse shares fell to record lows.
India’s exports shrink by 8.8% in Feb 2023
India’s goods exports fell 8.8% in February to $33.88 billion while imports fell 8.2% from a year ago to $51.31 billion, as per Commerce Ministry estimates. This is the second time in three months that goods exports have shrunk, but February’s dip was steeper than the 3% contraction recorded in December 2022.
Congress accuses government of ‘undermining, weakening’ democracy amid Adani issue, Rahul’s UK remarks row
The Congress on March 15 accused the Modi Government of “undermining and weakening” democracy in the country by stalling Parliament in order to save a businessman. “What the government is doing in Parliament is proof that democracy in the country is being undermined,” Congress spokesperson Supriya Shrinate told reporters. She said it is the duty of everyone to save democracy in the country and also of the media. “The manner in which the BJP is destroying democracy in the country both inside and outside Parliament is in itself proof of how democracy is being weakened in the country,” she alleged, adding any statement about the Adani Group is expunged.
Adani issue | Opposition leaders write to ED, says it cannot ‘abdicate’ its jurisdiction