Sifting fact from fear in SVB failure

Silicon Valley Bank, which catered to the tech industry for three decades, collapsed on March 10, 2023, after the Santa Clara, California-based lender suffered from an old-fashioned bank run. State regulators seized the bank and made the Federal Deposit Insurance Corporation its receiver. SVB, as it’s known, was the biggest US lender to fail since […]Continue Reading

The roots of a Kiwi hostage crisis in Papua

JAKARTA – Papuan rebels and captive New Zealand pilot Philip Mehrtens have trekked deeper into the heart of the rugged Central Highlands as they seek to evade elite Indonesian Special Forces (Kopassus) troops who have shadowed them for the past three weeks. Sources familiar with the unfolding hostage drama believe it is nearing a crucial […]Continue Reading

Philippines, US kick off joint drills amid China concerns

The majority of activities will take place at Fort Magsaysay, the Philippines’ largest military camp, and one of the five existing sites the US has access to under its Enhanced Defence Cooperation Agreement (EDCA) with Manila. Under the agreement, the US can use the bases for joint training, pre-positioning ofContinue Reading