Business
Credit Suisse saw its share price plunge by a quarter when its largest investor, Saudi National Bank, said it would not increase its stake in the business. The troubled Swiss bank had to turn to Switzerland’s central bank for support in the market meltdown, and will borrow up to SFr50bn ($54bn) to bolster its liquidity and buy back some of its debt.
Not many countries face inflationary pressures quite like Argentina. The official annual inflation rate soared to 102.5% in February, the highest it has been since 1991 and despite price controls on more than 1,700 goods.
The British government banned TikTok from all devices used by ministers and civil servants on security grounds, following similar moves by America and the European Union. It is the latest blow for the app. In America TikTok faces a potential complete ban over claims that it hands user data to the Chinese government.
