A US-made MQ-9 Reaper drone crashed into the Black Sea after a Russian Su-27 aircraft flew in front of it and dumped fuel, prompting a diplomatic spat between the US and Russia. The White House has condemned Moscow's actions while Russia has denied its aircraft came into contact with the drone. The US is trying to prevent the drone from getting into the wrong hands while Russia is working to retrieve the wreckage.
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Key takeaways: Trump and DeSantis have made it clear that if they become president, US weapons and ammunition to Ukraine would be in danger and…
This article discusses an incident between the US and Russia, in which a Russian fighter jet harassed and collided with a US MQ-9 Reaper drone, forcing the US to bring it down in international waters. In response, Russia has warned the US to cease “hostile” activity near its border, while the US has called the incident a “brazen violation of international law” and summoned Moscow's envoy to lodge a protest. This is the first known direct confrontation between the two superpowers since the war began last year, and tensions are likely to continue to rise.
Key takeaways: Senator Lindsey Graham argued that US support for Ukraine is a vital national interest and that failure to stand up to Putin’s aggression…
Key takeaways: Moody’s Investors Service has cut its outlook on the entire US banking system to negative from stable Moody’s has downgraded or is reviewing…
On Tuesday, a Russian Su-27 fighter jet collided with an American MQ-9 Reaper drone over the Black Sea, marking the first direct contact between Russian and US military aircraft since the Russian invasion of Ukraine. The US Air Force reported that the Russian jet intentionally flew in front of and dumped fuel in front of the unmanned drone, which was brought down in international waters. The White House called the intercept "reckless" and the US Air Force is currently investigating the incident. The collision is a reminder of the tensions between the two countries and the need for increased communication and cooperation.
The Justice Department has opened an investigation into the collapse of Silicon Valley Bank and Signature Bank. Customers and employees of both banks will have full access to their deposits, including insured and uninsured deposits, and the FDIC is working to ensure that they have access to their money. The outcome of the investigation is still unclear, but customers and employees can rest assured that their deposits are safe.
The US government has intervened to ensure that customers of Silicon Valley Bank and Signature Bank, which both failed this week, will have access to all of their money starting Monday, March 13. The Federal Deposit Insurance Corporation has created a “bridge bank” for SVB deposits and another for Signature Bank deposits, allowing customers to access both their insured and uninsured deposits. Questions have been raised about the stability of the banking system, but the US government has assured that losses related to SVB's collapse will not be borne by taxpayers.