EU leaders have responded to a sharp drop in bank shares on Friday, triggered by fears of weaknesses in the global financial system, by reassuring markets that the EU banking sector is resilient and well-regulated. This follows a hastily arranged marriage between two banks on Sunday and a government-backed takeover of Swiss lender Credit Suisse by its rival UBS. EU leaders are continuing to monitor the situation and reassure markets that the banking sector is stable.
News Mash
King Charles III's state visit to France has been postponed due to the recent social unrest in Paris and other cities across France. The decision was taken by the British and French governments after trade unions called for a further day of nationwide strikes and demonstrations during the King’s visit. The protests are in response to Macron’s changes to the pension system, and the Elysee Palace has not yet announced when the King’s visit will be rescheduled.
The Manhattan District Attorney's Office has responded to a demand from House Republicans for sworn testimony on their investigation into former President Donald Trump in the Stormy Daniels hush money case. In a letter to House Judiciary Committee Chair Jim Jordan, Leslie B. Dubeck, the Manhattan DA's general counsel, called the Republicans' request an "unprecedented inquiry" and noted that it came after Trump created a false expectation that he would be arrested. Former White House counsel John O'Donnell called Jordan a "buffoon" for writing to the DA. It is unclear when the investigation will be concluded or if any charges will be brought against the former president.
Seamus Gray, a 21-year-old U.S. Navy sailor, has been missing since Saturday when he was last seen leaving a bar near Lake Michigan in Waukegan, Illinois. Surveillance video showed him near Sheridan Road and Washington Street at 1:40 a.m. Search crews have exhausted their resources, and his mother is asking for help from anyone who knows anything. The Waukegan Police Department and U.S. Navy are both asking for information from anyone who may have seen Gray.
Key takeaways: The Manhattan District Attorney’s Office has announced that the grand jury investigating former President Donald Trump will not reach a conclusion this week.…
The World Athletics Council has voted to ban transgender women from competing in women’s international track and field competitions, citing fairness as the primary reason. The new regulations, which will go into effect on March 31, 2021, are similar to those adopted by swimming last year and are expected to have a significant impact on Caster Semenya, a two-time Olympic champion at 800 meters. The decision has sparked controversy, with some arguing that it is unfair to exclude transgender athletes from competing in women’s events.
Former President Donald Trump's upcoming rally in Waco, Texas, has been met with criticism from the Houston Chronicle's editorial board, who have suggested that the location of the rally is a symbol of anti-government extremism and conspiracism. They noted that the city has become a shrine to the Proud Boys, the Three Percenters, the Oath Keepers, and other anti-government groups, and that Trump's visit is a reminder of the 1993 Branch Davidian compound siege. The board urged the public to be aware of the symbolism of the event and its implications.
Denver Public Schools (DPS) announced Thursday that they will be closed Friday for a mental health day in response to a shooting at East High School earlier this week and a data breach earlier this year. The shooting resulted in two faculty members being injured and the shooter, a student, taking his own life. The day is intended to provide resources and support for students and staff to process the events of the past week.