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Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Musk 'open to the idea' of buying SVB, turning it into digital bank

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Mar 2023 11:51
2 Min Read

Elon Musk is renowned for his unexpected business ventures.

  • x
  • Musk 'open to the idea' of buying SVB, turning it into digital ban
    US billionaire and Tesla chief Elon Musk (AFP)

The world's second-richest man, American billionaire and Twitter owner, Elon Musk said he does not rule out the possibility of buying collapsed US Silicon Valley Bank.

Responding to a user on Twitter suggesting that Tesla's Musk should buy the failed entity and transform it into a digital bank, Musk replied, "I’m open to the idea."

Read more: Musk plans to develop towns in Texas to house company workers: CNN

I’m open to the idea

— Elon Musk (@elonmusk) March 11, 2023

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On Friday, Silicon Valley Bank (SVB), America's 16th-largest bank, collapsed marking the second-largest bank failure in US history, which prompted regulators to seize its assets and halt trade on its stocks in Nasdaq.

Despite scrambling to allocate funds or find a buyer, the bank's failure to do so has led to the value of its shares crashing.

SVB, which is one of the main lenders and a partner to technology and healthcare startups that went public in 2022 - including well-known firms - has sent the early-stage tech companies and the banking sector in a spiral.

Read more: Biden discusses SVB collapse with California governor

California's Department of Financial Protection and Innovation (CDFPI) and Federal Deposit Insurance Corp (FDIC) announced on Friday the seizing of SVB's assets - worth nearly $175 billion - and relocating them to a newly established institution, the Deposit Insurance Bank of Santa Clara.

The new body will be responsible for making payments to clients with insured deposits on Monday, while the remaining assets will be auctioned to pay other depositors.

  • United States
  • US
  • Elon Musk
  • Twitter
  • Silicon Valley bank
  • SVB

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