The 7 news you need to know this Thursday morning, March 16

Stock markets and financial markets in the euro zone closed yesterday in red because of the collapse of Credit Suisse.

Oliver Thansan
Oliver Thansan
16 March 2023 Thursday 00:47
14 Reads
The 7 news you need to know this Thursday morning, March 16

Stock markets and financial markets in the euro zone closed yesterday in red because of the collapse of Credit Suisse. It is early to know the degree of exposure they have to the Swiss bank, but the fear of contagion is high. A financial crisis at this time of war in Ukraine and high inflation can be an extraordinary drag.

Credit Suisse, a cornered century-old bank, has collapsed after its reference shareholder, the Saudi National Bank, has announced that it will not put more money to support it. The Swiss national bank comes to the rescue, but even so, the eurozone stock markets closed in red due to fears of contagion.

The European Central Bank will raise interest rates by half a point today, up to 3.5%, in a new attempt to curb inflation. The mortgages of millions of Europeans will become more expensive again.

Pedro Sánchez regrets that an "electoral miscalculation" by his partners ERC and Bildu has prevented the reform of the gag law, one of his clearest electoral promises. The proximity of the elections forces the parties to set their own profile.

The National Assembly meets today to approve the pension reform, which will extend the retirement age to 64 years. The protests lose strength, but the unions announce that they will continue to mobilize even if the reform enters into force.

Russian artists in exile in Berlin cannot collaborate with their Ukrainian colleagues. Even if they criticize the Kremlin, the wound that the war has opened is so deep that a meeting is impossible.

The Sau swamp is left without water but with fish. There are between 45 and 60 tons of fish inside. The Generalitat wants to sacrifice them to preserve the quality of the water. However, it is not being easy to catch them.

The GPT-4 program can compete with humans in university entrance exams. The perfection of this technology creates alarm due to the harmful effects it can have on democracy and security.

Levi Roach, historian. "The success of the Normans had to do with their self-confidence." Read it here.

Rosalía comes to the aid of Barça at a bad time. The first team will wear the Motomami album logo during Sunday's Clasico against Real Madrid. The shirt is sold at 399.99 euros and the special edition at 1,999.99 euros.

Life in the most remote parts of the UK, such as the Hebrides, Cornwall and the Scottish Highlands, is not easy. Its inhabitants manage to attract teachers, doctors and lighthouse keepers.

Going below three hours in a marathon means running at 4.15 kilometers, a difficult mark for amateur runners. This, however, is the goal that Miriam Picañol and Claudia Bigas have set out to achieve this Sunday. They run the Barcelona marathon.

Henry Sanderson, rare earth expert. "China, rather than dominate us all, wants to sell us everything." Read it here.

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