Panic over Credit Suisse gripped the world yesterday, writes the New York Times. Swiss authorities intervened after the bank’s shares fell significantly, the Guardian reports. The largest mass graves of civilians found in Kharkiv and Kyiv regions, reports Ukrinform. The first conversation, since the beginning of the war, between the ministers of defense of the USA and Russia about the downing of the American drone, is published by RT. Washington and Moscow are racing to find the remains of the aircraft in the Black Sea, Politika says
(illustration, According to the Russian Ministry of Defense, Shoigu told Austin that the incident was caused by the Americans violating the air measures set by Russia with all necessary international notifications, reports RT)

Panic over the crisis in Credit Suisse gripped the world yesterday and brought concern that the collapse of banks would endanger the financial system and the economy. The Swiss authorities intervened after the value of the aforementioned bank’s shares fell significantly. The largest mass graves of civilians were found in Kharkiv and Kyiv regions. The first conversation between the US and Russian defense ministers about the downed drone. Washington and Moscow are racing to find the remains of the aircraft in the Black Sea.


Risk to the financial system

Fear of an unprecedented risk to the financial system swept through the world yesterday, shattering a brief lull in the markets and deepening concerns that a banking crisis could threaten the economy, writes the New York Times. The unrest was sparked by panic over Credit Suisse, a 166-year-old Swiss bank reeling from mismanagement and poor risk controls, which warned of problems in its practices.

One of the front-page photos shows a pile of trash near the Eiffel Tower in Paris with the caption “The smell of rage in France.” The City Cleanliness strike showed widespread opposition to the proposed pension plan. Parliament is supposed to vote today on President Emmanuel Macron’s proposal.



The Swiss authorities intervened

Jeremy Hunt has given a huge pension gift to the richest one per cent of the population to seal the departure of the workforce, in a budget plan designed to revive Britain’s faltering economy, with incentives for business investment and help for childcare, the Guardian reports. In a bid to prevent older professionals from taking early retirement, Britain’s Chancellor of the Exchequer announced the only big surprise in the Budget, saying “no one should be forced into retirement because of tax”.

More than £75 billion was wiped off the FTSE 100 index yesterday as Swiss authorities took steps to calm panicked markets over the crisis at European bank Credit Suisse, the Guardian also reports.



Mass graves in Kharkiv and Kiev

Russia is preparing a new round of cyber attacks on Ukraine and the organizations that supply the country, according to research by Microsoft and published by the Ukrainian news agency Ukrinform. The report by cyber security and analysts underscores a series of new revelations about Russian operations of this type since the start of the war. Experts say that the combination of physical military operations and cyber techniques is a preparation for new attacks.

Ukrinform also announces that the largest mass graves of civilians during Russia’s aggression were discovered in the Kharkiv region, i.e. in Izyum, and the Kyiv region. The authorities revealed that 941 victims were buried in Izjum, while the bodies of 1,374 people were found in the Kyiv region.



The first conversation between Austin and Shojgu

American Defense Minister Lloyd Austin contacted his Russian counterpart Sergei Shoigu yesterday, for the first time in months, to discuss the incident during which an American spy drone fell into the Black Sea near Crimea, reports the Russian state media network RT. According to the Russian Ministry of Defense, Shoigu told Austin that the incident was caused by the Americans violating the air measures set by Russia with all necessary international notifications. He called for the US to refrain from flying along the Russian coast because it is “provocative in nature” and risks escalating tensions.

Moscow will try to find the remains of the American drone, said Nikolay Patrushev, the secretary of the Russian Security Council, as RT reports. As he added, the drone is “another confirmation that the US is directly involved” in the conflict.



Race for the drone wreckage

The media space in Serbia is full of insults and slander against political dissenters, even though extraordinary parliamentary elections are not in sight, writes Politika.

“The blows are often below the belt, the accusations are serious, and he does not shy away from verbal attacks on family members,” the text reads.

The paper also writes about “the first direct ‘collision’ of the American and Russian armies” under the headline “Race between Washington and Moscow for the wreckage of the ‘ripper’ in the Black Sea”. The drone sent by the Pentagon found itself about 60 kilometers from Sevastopol, in the airspace that the Russians established as protected when the war in Ukraine began.



Postal services are becoming more expensive

The newspaper Danas writes that there are many unknowns ahead of Saturday’s conversation between the Prime Minister of Kosovo and the President of Serbia in Ohrid about the European proposal for an agreement between Kosovo and Serbia, with the title “Who will give in – Albin Kurti or Aleksandar Vučić”. The question arises as to which model of ZSO will be established and agreed upon by the implementation plan of the agreement. Is the President of Serbia and SNS preparing Ivica Dačić for signing the European plan through the Minister of Economy, the text says.

The 60 percent increase in the price of postal services from April 1 is inappropriate, it is also stated at the top of the page. “A counter-effect in the fight against inflation”, is the title of the text.


Source: Balkan Magazin – Aktuelnosti by www.balkanmagazin.net.

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