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Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse

Republican Sen. Tommy Tuberville of Alabama is single-handedly holding up confirmations of top Department of Defense (DOD) positions over what he calls executive overstep into Congress’ jurisdiction over abortion policies, according to the senator and media reports. Secretary of Defense Lloyd Austin declared in February that the department would provide leave and funding for military personnel to travel out of state for abortions if they are based in a state that bans or heavily restricts the procedure. Tuberville said he plans to continue blocking about 160 promotions of military commanders to key positions in the Indo-Pacific and Middle East and for NATO until DOD reverses the policy and shows no sign of letting up, according to Punchbowl News and Tuberville. “I hate to have to do this. It’s unfortunate. But we make the laws over here. The DoD doesn’t. This is not about abortion. It’s about taxpayer-funded abortions,” Tuberville told Punchbowl. “If this was about a list … [Read more...] about GOP Senator Blocking Pentagon Promotions Over Abortion Policy

Friends. Image: Warner Bros. TV via AFP Relaxnews Enormously popular 1990s and 2000s sitcom “Friends” is to remain available on streaming service Netflix until 2020, after which point it may well end up on WarnerMedia’s upcoming platform. Airing from 1994 to 2004 on NBC, Netflix had acquired “Friends” as the result of an online streaming deal that began January 1, 2015. Fans had been preparing to lose all ten seasons when, over the weekend, the Netflix page for “Friends” began warning users that the show would disappear from Jan. 1, 2019. That’s no longer the case, if it ever was, with Netflix confirming via Twitter that “‘Friends’ will still be there for you in the U.S. throughout 2019.” The Holiday Armadillo has granted your wish: “Friends” will still be there for you in the US throughout 2019 pic.twitter.com/Yd0VqRzk3r — Netflix US (@netflix) December 3, 2018 International branches of the streaming giant echoed the sentiment. The subscription … [Read more...] about ‘Friends’ staying on Netflix through 2019

Jennifer Aniston attends the world premiere of “Dumplin'” at TCL Chinese Theatre on Thursday, Dec. 6, 2018, in Los Angeles. Image: Richard Shotwell/Invision/AP LOS ANGELES — Jennifer Aniston calls it “amazing” that “Friends” still has an audience big enough to prompt multi-million dollar business deals to keep it from disappearing on Netflix. “I find it amazing that it’s continued to have such love and such an audience and such an appetite for it,” Aniston told The Associated Press Thursday at the premiere of her Netflix film “Dumplin”. After an outcry from fans, Netflix announced earlier in the week that it was keeping the adventures of Ross, Rachel, Phoebe and Joey available to subscribers through 2019 — at a reported $100 million (around P5.2 billion) price tag to the streaming service. READ: ‘Friends’ staying on Netflix through 2019 “I think it says a lot about the show. Especially since it takes place at a time where it’s so different from now. You know, people … [Read more...] about Jennifer Aniston: Netflix ‘Friends’ deal a testament to show’s value

President Ferdinand R. Marcos Jr. lauded Pag-IBIG Fund’s highest dividend rates since the Covid-19 pandemic, as its Regular Savings dividend rate for 2022 reached 6.53 percent and its Modified Pag-IBIG 2 (MP2) Savings surged to 7.03 percent per annum The dividend rates on the members’ savings of the agency were the highlights of the Pag-IBIG Fund Chairman’s Report for 2022, where the president spoke before a gathering of agency members, partners and stakeholders at the SMX Convention Center, Tuesday (March 28). “It makes me proud that your agency’s stewardship of our national savings program has successfully provided affordable shelter financing for our people. Let me thank all of you, the members who are the owners of Pag-IBIG Fund, including concerned housing developers, partners, and other key stakeholders who have been instrumental in fulfilling the Pag-IBIG Fund’s mandate, of serving the Filipino workforce,” the President said. “As the Pag-IBIG Fund was established under the … [Read more...] about PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2