British Chancellor Jeremy Hunt has expressed the importance of impartiality at the BBC a day after Sports presenter Gary Lineker was taken off air for his tweet criticizing UK's recent Asylum policy. BBC believes that Lineker's tweet breached its editorial guidelines.

UK Chancellor Jeremy Hunt expresses importance of impartiality

The chairman of BBC is under growing pressure to resign. He has come under criticism for failing to be open about his links to Boris Johnson and staying silent on the Gary Lineker crisis.

Impartiality row leads to fresh calls for BBC chairman to resign

Violence continues to overwhelm the West Bank. In the latest, three Palestinian gunmen have been shot dead by the Israeli Army. Tensions are already high in the territory after multiple incidents of clashes between Jewish settlers and Palestinians.

Three Palestinian gunmen shot dead in Northern West Bank

After the U.S. regulators pulled the plug on Silicon Valley Bank, the Federal Deposit Insurance Corporation (FDIC) was called to take over the institution and hand over the sale of its assets. Employees of the fallen bank have been offered 45 days of employment at one and a half times their previous salary.

Capitalists pull money out of SVB before fallout

The former Pakistan prime minister Imran Khan has postponed holding his mega election rally in Lahore for tomorrow. This comes after the Punjab government banned huge public gatherings in the city calling the move illegal.

Imran Khan: Punjab govt and police want repeat of March 8 incident

<p>Canada's last captive killer whale, dubbed "the loneliest whale in the world" has died. Kiska, the 47-year-old Orca whale, as per local media reports, died on Thursday (March 9) of bacterial infection. The lonely mammal spent the last four decades of her life in captivity, with more than 12 of those (since 2011) in isolation. Kiska was a resident of Marineland, a zoo and amusement park in Niagara Falls.&nbsp;</p>

<p>Kiska, the 'world's loneliest whale', was captured in 1979 from Icelandic waters along with Keiko the whale, who went on to star in the movie 'Free Willy'. She spent her earlier captive life in various marine parks before ending up in the Canadian amusement park.</p>

<p><strong>Watch |&nbsp;The mystery behind Whale strandings on shores of Cyprus</strong></p>

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<p dir="ltr" lang="en">We can confirm that Kiska, MarineLand’s last orca has been buried at the park. This, sadly is her final resting place. May she rest in peace. <a href="https://twitter.com/hashtag/RIPKiska?src=hash&amp;ref_src=twsrc%5Etfw">#RIPKiska</a> <a href="https://t.co/GUKbY2NtAN">pic.twitter.com/GUKbY2NtAN</a></p>
— Phil Demers (@walruswhisperer) <a href="https://twitter.com/walruswhisperer/status/1634643700025380866?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote>
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<p>As per the animal rights organisation, People for the Ethical Treatment of Animals (PETA), "Kiska the orca has died from a bacterial infection at Marineland of Canada in Ontario."</p>

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<p dir="ltr" lang="en">You deserved so much better, Kiska.<br />
<br />
We won’t stop fighting for orcas like you. <a href="https://t.co/BWcOy2gZ1K">pic.twitter.com/BWcOy2gZ1K</a></p>
— PETA (@peta) <a href="https://twitter.com/peta/status/1634344449542086664?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote>
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<p>The group further added that "she spent her final years isolated in a cramped tank, swimming in endless circles or sometimes floating listlessly. Like all orcas and other dolphins held prisoner in marine parks and exploited for entertainment, she deserved to stay in the ocean with her family, where she could have experienced a natural life."</p>

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<p dir="ltr" lang="en">Heartbreaking video of Kiska, MarineLand’s last orca’s tank prior to and just after her tragic death. Let her legacy be that of inspiring great change as she’s the last orca that will ever be in captivity in Canada. <a href="https://twitter.com/hashtag/RIPKiska?src=hash&amp;ref_src=twsrc%5Etfw">#RIPKiska</a> <a href="https://t.co/pBRt1Hw4Rg">pic.twitter.com/pBRt1Hw4Rg</a></p>
— Phil Demers (@walruswhisperer) <a href="https://twitter.com/walruswhisperer/status/1634620668477054977?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote>
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<p>Kiska outlived all five of her calves, who sadly died before even reaching five years of age. In the wild, orcas, on average, have a life expectancy of 30 to 50 years. For males, the maximum life expectancy is 60 years, while for females it is 80 years.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/trending/absolutely-amazingbut-also-breaks-your-heart-moon-the-hunchback-whale-travels-5000kms-with-a-broken-back-542245">'Absolutely amazing...but also breaks your heart': Moon the humpback whale travels 5000kms with a broken back</a></strong></p>

<p>In September 2021, a video of Kiska bashing her head against the glass wall of her "cramped tank" had gone viral. The haunting video showed the "world's loneliest whale" slamming her head and body against the walls of her "prison".&nbsp;</p>

<p>Following the video, animal activists and rights organisations even filed a legal complaint about the "mental suffering" Kiska was enduring.</p>

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<p dir="ltr" lang="fr">Cette vidéo qui montre Kiska en train de se taper la tête contre les parois de son aquarium du Marineland de Niagara Falls au Canada, a été tournée le 4 septembre 2021.<br />
Kiska est morte hier. Elle vivait seule, sans congénère, entre désespoir et folie, depuis 2011.<a href="https://twitter.com/hashtag/FreeKiska?src=hash&amp;ref_src=twsrc%5Etfw">#FreeKiska</a> <a href="https://t.co/44A3Y46KgO">pic.twitter.com/44A3Y46KgO</a></p>
— Muriel Fusi (@Muriel_FUSI) <a href="https://twitter.com/Muriel_FUSI/status/1634475855375106048?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote>
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<p>In spite of that, her imprisonment continued. Canada banned whale and dolphin captivity in 2019, however, marine mammals like Kiska who were already in captivity were made an exception to the law.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/science/killer-whales-make-lifelong-sacrifice-for-their-sons-study-560246">Killer whale mothers make ‘lifelong sacrifice’ for their sons, reveals study</a></strong></p>

<p>Countries like the United States, China, Japan, Spain and Russia still allow for the captivity and breeding of killer whales like Kiska. According to a Whale &amp; Dolphin Conservation USA report, as of January 9, 2023, at least 173 orcas have died in captivity in the US. Another 30 deaths account for miscarriages or still-born calves. Despite this, and the years of activism on part of animal activists, the US SeaWorld still holds captive 18 orcas in its three parks.</p>

<p><em>(With inputs from agencies)</em><br />
<br />
&nbsp;</p>

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Canada's last captive killer whale, dubbed "the loneliest whale in the world" has died. Kiska, the 47-year-old Orca whale, as per local media reports, died on Thursday (March 9) of bacterial infection.

Canada's last captive killer whale, dubbed "the loneliest whale in the world" has died. Kiska, the 47-year-old Orca whale, as per local media reports, died on Thursday (March 9) of bacterial infection. The lonely mammal spent the last four decades of her life in captivity, with more than 12 of those (since 2011) in isolation. Kiska was a resident of Marineland, a zoo and amusement park in Niagara Falls. Kiska, the 'world's loneliest whale', was captured in 1979 from Icelandic waters along with Keiko the whale, who went on to star in the movie 'Free Willy'. She spent her earlier captive life in various marine parks before ending up in the Canadian amusement park. Watch | The mystery behind Whale strandings on shores of Cyprus We can confirm that Kiska, MarineLand’s last orca has been buried at the park. This, sadly is her final resting place. May she rest in peace. #RIPKiska pic.twitter.com/GUKbY2NtAN — Phil Demers (@walruswhisperer) March 11, 2023 × As per the animal rights organisation, People for the Ethical Treatment of Animals (PETA), "Kiska the orca has died from a bacterial infection at Marineland of Canada in Ontario." You deserved so much better, Kiska. We won’t stop fighting for orcas like you. pic.twitter.com/BWcOy2gZ1K — PETA (@peta) March 11, 2023 × The group further added that "she spent her final years isolated in a cramped tank, swimming in endless circles or sometimes floating listlessly. Like all orcas and other dolphins held prisoner in marine parks and exploited for entertainment, she deserved to stay in the ocean with her family, where she could have experienced a natural life." Heartbreaking video of Kiska, MarineLand’s last orca’s tank prior to and just after her tragic death. Let her legacy be that of inspiring great change as she’s the last orca that will ever be in captivity in Canada. #RIPKiska pic.twitter.com/pBRt1Hw4Rg — Phil Demers (@walruswhisperer) March 11, 2023 × Kiska outlived all five of her calves, who sadly died before even reaching five years of age. In the wild, orcas, on average, have a life expectancy of 30 to 50 years. For males, the maximum life expectancy is 60 years, while for females it is 80 years. Also read | 'Absolutely amazing...but also breaks your heart': Moon the humpback whale travels 5000kms with a broken back In September 2021, a video of Kiska bashing her head against the glass wall of her "cramped tank" had gone viral. The haunting video showed the "world's loneliest whale" slamming her head and body against the walls of her "prison". Following the video, animal activists and rights organisations even filed a legal complaint about the "mental suffering" Kiska was enduring. Cette vidéo qui montre Kiska en train de se taper la tête contre les parois de son aquarium du Marineland de Niagara Falls au Canada, a été tournée le 4 septembre 2021. Kiska est morte hier. Elle vivait seule, sans congénère, entre désespoir et folie, depuis 2011.#FreeKiska pic.twitter.com/44A3Y46KgO — Muriel Fusi (@Muriel_FUSI) March 11, 2023 × In spite of that, her imprisonment continued. Canada banned whale and dolphin captivity in 2019, however, marine mammals like Kiska who were already in captivity were made an exception to the law. Also read | Killer whale mothers make ‘lifelong sacrifice’ for their sons, reveals study Countries like the United States, China, Japan, Spain and Russia still allow for the captivity and breeding of killer whales like Kiska. According to a Whale & Dolphin Conservation USA report, as of January 9, 2023, at least 173 orcas have died in captivity in the US. Another 30 deaths account for miscarriages or still-born calves. Despite this, and the years of activism on part of animal activists, the US SeaWorld still holds captive 18 orcas in its three parks. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Isolated for over a decade, world’s ‘loneliest whale’, Kiska, dies in Canada after 40 years of captivity

<p>As India's top court readies to hear a batch of pleas seeking validation for same-sex marriages, the nation's central government has submitted an affidavit opposing the step. The centre in its affidavit reportedly told the Supreme Court (SC) that same-sex relationships and heterosexual relationships are clearly distinct classes which cannot be treated identically.&nbsp;</p>

<p>On Monday (March 13th) the court was scheduled to hear pleas seeking the validation, and this submission comes just a day ahead.&nbsp;A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and J B Pardiwala will be presiding over the hearing.</p>

<p>LiveLaw reports that the centre in its affidavit stated that marriage between individuals of opposite sexes is "socially, culturally and legally ingrained into the very idea and concept of marriage and ought not to be disturbed or diluted by judicial interpretation."</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/strangers-in-the-eyes-of-law-wion-speaks-with-hyderabad-gay-couple-569191">'Strangers in eyes of law': WION speaks with gay couple as India's top court set to hear petitions on marriage</a></strong></p>

<p>"Living together as partners and having sexual relationship by same-sex individuals is not comparable with the Indian family unit concept of a husband, a wife and children which necessarily presuppose a biological man as a 'husband', a biological woman as a 'wife' and the children born out of the union between the two-who are reared by the biological man as father and the biological&nbsp;woman&nbsp;as&nbsp;mother," it said.</p>

<p>In India, homosexual relationships were decriminalised on 6th September 2018.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/indias-top-court-steps-closer-to-decide-legal-status-of-same-sex-couples-550037">India's top court steps closer to decide legal status of same-sex couples</a></strong></p>

<p>Pushing for the recognition of only heterosexual marriages, it said that such marriages are "the norm throughout history" and claimed that they are "foundational to both the existence and continuance of the State."</p>

<p>It also claimed that giving legal recognition to same-sex marriages will give rise to complications in matters related to adoption, divorce, maintenance, inheritance, etc.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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As India's top court readies to hear a batch of pleas seeking validation for same-sex marriages, the nation's central government has submitted an affidavit opposing the step.

As India's top court readies to hear a batch of pleas seeking validation for same-sex marriages, the nation's central government has submitted an affidavit opposing the step. The centre in its affidavit reportedly told the Supreme Court (SC) that same-sex relationships and heterosexual relationships are clearly distinct classes which cannot be treated identically. On Monday (March 13th) the court was scheduled to hear pleas seeking the validation, and this submission comes just a day ahead. A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and J B Pardiwala will be presiding over the hearing. LiveLaw reports that the centre in its affidavit stated that marriage between individuals of opposite sexes is "socially, culturally and legally ingrained into the very idea and concept of marriage and ought not to be disturbed or diluted by judicial interpretation." Also read | 'Strangers in eyes of law': WION speaks with gay couple as India's top court set to hear petitions on marriage "Living together as partners and having sexual relationship by same-sex individuals is not comparable with the Indian family unit concept of a husband, a wife and children which necessarily presuppose a biological man as a 'husband', a biological woman as a 'wife' and the children born out of the union between the two-who are reared by the biological man as father and the biological woman as mother," it said. In India, homosexual relationships were decriminalised on 6th September 2018. Also read | India's top court steps closer to decide legal status of same-sex couples Pushing for the recognition of only heterosexual marriages, it said that such marriages are "the norm throughout history" and claimed that they are "foundational to both the existence and continuance of the State." It also claimed that giving legal recognition to same-sex marriages will give rise to complications in matters related to adoption, divorce, maintenance, inheritance, etc. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Centre opposes same-sex marriages, says those between a man and a woman 'the norm throughout history'

<p>The Silicon Valley Bank (SVB) paid out annual bonuses to eligible American employees on Friday (March 10), just hours before the bank was seized by the Joe Biden administration. According to a report by the Axios on Saturday, the bonuses were for the work done last year and were previously scheduled to be disbursed on Friday. However, the day coincided with the bank's takeover by the Federal Deposit Insurance Corporation (FDIC).</p>

<p>Bonuses&nbsp;for employees in some other countries were scheduled for later in the month, and haven't been paid.&nbsp;</p>

<p>The Axios report said that an unknown number of SVB employees were emailed by the FDIC on Friday, offering them employment with the remnant organisation for the next 45 days. These employees would be compensated 1.5 times their normal salaries. On the other hand, hourly workers would receive 2 times their normal wages for overtime.</p>

<p><strong>ALSO READ | <a href="https://www.wionews.com/business-economy/explained-how-silicon-valley-bank-crisis-unfolded-in-48-hours-570945">Explained: How Silicon Valley Bank crisis unfolded in 48 hours</a></strong></p>

<p>Speaking to the news website, a spokesperson from the insurance corporation said, "Without commenting on salaries, it’s our standard practice to ask retain [sic] bank employees to assist with an orderly transition as part of our resolution process."</p>

<p>On Friday, American authorities swooped in and seized the assets of the SVB, which had been a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the bank to stay afloat on its own.&nbsp;</p>

<p>Given the bank's sudden collapse, US Treasury Secretary Janet Yellen convened an emergency meeting of the country's top banking regulators. Yellen expressed full confidence in banking regulators to take appropriate actions in response and noted that the banking system remained resilient and regulators have effective tools to address this type of event, a statement from the Treasury department said.&nbsp;</p>

<p>The collapse of the bank has left markets jittery over a potential sign of widespread turmoil. However, analysts only see a limited risk of financial contagion.&nbsp;</p>

<p>CFRA Research's Ken Leon said that the SVB's woes were the result of "idiosyncratic stresses and not one that we see as systemic that would affect the banking industry." Leon said that stricter US regulations enacted after the 2008 financial crisis have helped contain trouble, the news agency AFP reported on Saturday.&nbsp;</p>

<p>Analysts at Morgan Stanley, meanwhile said, "We want to be very clear here...we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity."<br />
<br />
&nbsp;</p>

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The Silicon Valley Bank (SVB) paid out annual bonuses to eligible American employees on Friday (March 10), just hours before the bank was seized by the Joe Biden administration.

The Silicon Valley Bank (SVB) paid out annual bonuses to eligible American employees on Friday (March 10), just hours before the bank was seized by the Joe Biden administration. According to a report by the Axios on Saturday, the bonuses were for the work done last year and were previously scheduled to be disbursed on Friday. However, the day coincided with the bank's takeover by the Federal Deposit Insurance Corporation (FDIC). Bonuses for employees in some other countries were scheduled for later in the month, and haven't been paid. The Axios report said that an unknown number of SVB employees were emailed by the FDIC on Friday, offering them employment with the remnant organisation for the next 45 days. These employees would be compensated 1.5 times their normal salaries. On the other hand, hourly workers would receive 2 times their normal wages for overtime. ALSO READ | Explained: How Silicon Valley Bank crisis unfolded in 48 hours Speaking to the news website, a spokesperson from the insurance corporation said, "Without commenting on salaries, it’s our standard practice to ask retain [sic] bank employees to assist with an orderly transition as part of our resolution process." On Friday, American authorities swooped in and seized the assets of the SVB, which had been a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the bank to stay afloat on its own. Given the bank's sudden collapse, US Treasury Secretary Janet Yellen convened an emergency meeting of the country's top banking regulators. Yellen expressed full confidence in banking regulators to take appropriate actions in response and noted that the banking system remained resilient and regulators have effective tools to address this type of event, a statement from the Treasury department said. The collapse of the bank has left markets jittery over a potential sign of widespread turmoil. However, analysts only see a limited risk of financial contagion. CFRA Research's Ken Leon said that the SVB's woes were the result of "idiosyncratic stresses and not one that we see as systemic that would affect the banking industry." Leon said that stricter US regulations enacted after the 2008 financial crisis have helped contain trouble, the news agency AFP reported on Saturday. Analysts at Morgan Stanley, meanwhile said, "We want to be very clear here...we do not believe there is a liquidity crunch facing the banking industry, and most banks in our coverage have ample access to liquidity." WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Silicon Valley Bank paid out annual bonuses to US employees just hours before seizure: Report

<p>In what comes as the&nbsp;largest US bank failure since the 2008 financial crisis, Santa Clara-headquartered Silicon Valley Bank (SVB) collapsed on Friday. The expedited nature of its collapse has raised serious concerns&nbsp;with many accusing the company of hoodwinking the depositors, despite knowing that its inevitable fall was around.&nbsp;</p>

<p>Days before SVB collapsed, the bank posted a self-congratulatory tweet where Forbes magazine had named it in the list of 'America's Best Banks' while also adding it to the Financial All-Stars list.&nbsp;</p>

<p>"Proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list," read the tweet which is still up.&nbsp;</p>

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<p dir="ltr" lang="en">Proud to be on <a href="https://twitter.com/Forbes?ref_src=twsrc%5Etfw">@Forbes</a>' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list.<br />
<br />
👉 <a href="https://t.co/rEmfOSTT4f">https://t.co/rEmfOSTT4f</a> <a href="https://t.co/NFWlPJUbh5">pic.twitter.com/NFWlPJUbh5</a></p>
— SVB (@SVB_Financial) <a href="https://twitter.com/SVB_Financial/status/1632818336391213059?ref_src=twsrc%5Etfw">March 6, 2023</a></blockquote>
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<p>The tweet by SVB can be clubbed in the same league as the tweets that aged like milk,&nbsp;with the infamous tweet by World Health Organization citing&nbsp;COVID-19 did not spread through human contact taking the top spot.&nbsp;</p>

<p>Five days after SVB posted the boastful tweet, the regulators came down charging and seized control of its assets after it failed to meet the withdrawal demands of the investors.&nbsp;</p>

<h2><strong>SVB executives sell their shares</strong></h2>

<p>US media has reported that prior to the collapse, senior executives at SVB sold a significant portion of their shares.</p>

<p>CEO Gregory Becker sold 11 per cent of his shares last month while Daniel Beck, CFO, Michelle Draper, CMO and Michael Zucker, general counsel sold as much as 32 per cent, 25 per cent and 19 per cent shares respectively.&nbsp;</p>

<h2><strong>SVB paid bonuses to US employees</strong></h2>

<p>Additionally, hours before going bust, SVB paid out annual bonuses to its US employees, according to multiple news sources. The payments were made for the work done in 2022.&nbsp;</p>

<p>Though the size of payouts could not be confirmed, a CNBC report estimated the bonus to be in the&nbsp;$12,000-$140,000 range for associates and managing directors respectively.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/silicon-valley-bank-collapses-in-americas-biggest-banking-failure-since-2008-570853"><strong>WATCH |&nbsp;Silicon Valley Bank collapses in America's biggest banking failure since 2008</strong></a></p>

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<h2><strong>Hiring&nbsp;'financial crimes' senior manager</strong></h2>

<p>Another report states that the bank posted a job listing for Senior Manager, Financial Crimes on Friday, just before it was shut down.&nbsp;</p>

<p>"This position within Client [Bank Secrecy Act] Risk assesses Prospective client [Bank Secrecy Act]/[Anti-Money Laundering] risks pre-onboarding to approve or decline the Prospect as well as review Clients who may pivot during their relationship and require approval throughout the client’s relationship," read the job description.&nbsp;</p>

<h2><strong>VC firms pulling out their funds</strong></h2>

<p>A day before the fall, billionaire Peter Thiel's Founders Fund — a venture capital firm had withdrawn nearly all of its money from the bank, smelling the coffee.&nbsp;</p>

<p>Following the withdrawals, the fund&nbsp;no longer had any exposure to SVB. According to reports, the company had run into problems using SVB's services. Apart from Founders Fund,&nbsp;Coatue Management, and Union Square Ventures were the other VC firms that managed to avoid exposure to the bank.</p>

<p><a href="https://www.wionews.com/business-economy/explained-how-silicon-valley-bank-crisis-unfolded-in-48-hours-570945" target="_blank"><strong>Explained | How Silicon Valley Bank crisis unfolded in 48 hours</strong></a></p>

<p>However, the ordinary customers were not so lucky. Images and videos have gone viral on social media platforms which show anxious customers lining up outside the bank branches in long queues, waiting to withdraw their precious savings.&nbsp;</p>

<p>The videos captured drew eerie similarities to the Great Depression of the 1930s when people had to line up similarly to receive their own money.&nbsp;</p>

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<p dir="ltr" lang="en">US regulators have Shut Down Silicon Valley Bank (SVB) and taken control of its ‘Customer Deposits’ in the largest failure of a US Bank since 2008.<br />
<br />
Massive line forms outside Silicon Valley Bank as Customers Panic 👀 <a href="https://t.co/zA7BJ3h6Vy">pic.twitter.com/zA7BJ3h6Vy</a></p>
— khafi martinaz (@usera49) <a href="https://twitter.com/usera49/status/1634358531485835266?ref_src=twsrc%5Etfw">March 11, 2023</a></blockquote>
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<p>Though Federal Deposit Insurance Corporation, or FDIC has assured it has access to $175 billion of the bank's customer deposits and that depositors will get hands over their insured amounts — there is still palpable anxiety.&nbsp;</p>

<p>The fact that big VC companies which have no dearth of money managed to save their funds while the ordinary public suffered, seems to suggest&nbsp;that something was fishy.&nbsp;</p>

<p><em>(With inputs from agencies)</em><br />
<br />
&nbsp;</p>

<p><strong>WATCH WION LIVE HERE:&nbsp;</strong></p>

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In what comes as the largest US bank failure since the 2008 financial crisis, Santa Clara-headquartered Silicon Valley Bank (SVB) collapsed on Friday. The expedited nature of its collapse has raised serious concerns with many accusing the company of hoodwinking the depositors, despite knowing that its inevitable fall was around.

In what comes as the largest US bank failure since the 2008 financial crisis, Santa Clara-headquartered Silicon Valley Bank (SVB) collapsed on Friday. The expedited nature of its collapse has raised serious concerns with many accusing the company of hoodwinking the depositors, despite knowing that its inevitable fall was around. Days before SVB collapsed, the bank posted a self-congratulatory tweet where Forbes magazine had named it in the list of 'America's Best Banks' while also adding it to the Financial All-Stars list. "Proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list," read the tweet which is still up. Proud to be on @Forbes' annual ranking of America's Best Banks for the 5th straight year and to have also been named to the publication's inaugural Financial All-Stars list. 👉 https://t.co/rEmfOSTT4f pic.twitter.com/NFWlPJUbh5 — SVB (@SVB_Financial) March 6, 2023 × The tweet by SVB can be clubbed in the same league as the tweets that aged like milk, with the infamous tweet by World Health Organization citing COVID-19 did not spread through human contact taking the top spot. Five days after SVB posted the boastful tweet, the regulators came down charging and seized control of its assets after it failed to meet the withdrawal demands of the investors. SVB executives sell their shares US media has reported that prior to the collapse, senior executives at SVB sold a significant portion of their shares. CEO Gregory Becker sold 11 per cent of his shares last month while Daniel Beck, CFO, Michelle Draper, CMO and Michael Zucker, general counsel sold as much as 32 per cent, 25 per cent and 19 per cent shares respectively. SVB paid bonuses to US employees Additionally, hours before going bust, SVB paid out annual bonuses to its US employees, according to multiple news sources. The payments were made for the work done in 2022. Though the size of payouts could not be confirmed, a CNBC report estimated the bonus to be in the $12,000-$140,000 range for associates and managing directors respectively. WATCH | Silicon Valley Bank collapses in America's biggest banking failure since 2008 Hiring 'financial crimes' senior manager Another report states that the bank posted a job listing for Senior Manager, Financial Crimes on Friday, just before it was shut down. "This position within Client [Bank Secrecy Act] Risk assesses Prospective client [Bank Secrecy Act]/[Anti-Money Laundering] risks pre-onboarding to approve or decline the Prospect as well as review Clients who may pivot during their relationship and require approval throughout the client’s relationship," read the job description. VC firms pulling out their funds A day before the fall, billionaire Peter Thiel's Founders Fund — a venture capital firm had withdrawn nearly all of its money from the bank, smelling the coffee. Following the withdrawals, the fund no longer had any exposure to SVB. According to reports, the company had run into problems using SVB's services. Apart from Founders Fund, Coatue Management, and Union Square Ventures were the other VC firms that managed to avoid exposure to the bank. Explained | How Silicon Valley Bank crisis unfolded in 48 hours However, the ordinary customers were not so lucky. Images and videos have gone viral on social media platforms which show anxious customers lining up outside the bank branches in long queues, waiting to withdraw their precious savings. The videos captured drew eerie similarities to the Great Depression of the 1930s when people had to line up similarly to receive their own money. US regulators have Shut Down Silicon Valley Bank (SVB) and taken control of its ‘Customer Deposits’ in the largest failure of a US Bank since 2008. Massive line forms outside Silicon Valley Bank as Customers Panic 👀 pic.twitter.com/zA7BJ3h6Vy — khafi martinaz (@usera49) March 11, 2023 × Though Federal Deposit Insurance Corporation, or FDIC has assured it has access to $175 billion of the bank's customer deposits and that depositors will get hands over their insured amounts — there is still palpable anxiety. The fact that big VC companies which have no dearth of money managed to save their funds while the ordinary public suffered, seems to suggest that something was fishy. (With inputs from agencies) WATCH WION LIVE HERE:

Did Silicon Valley Bank hoodwink everyone before its collapse?

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<p>Australian Prime Minister Anthony Albanese has said his country will not tolerate attacks on Hindu temples and religious places after Indian Prime Minister Narendra Modi raised the issue of vandalism of Hindu temples in the Down Under country.&nbsp;</p>

<p>"I gave him (PM Modi) the assurance that Australia is a country that respects people's faith. That we don't tolerate the sort of extreme actions and attacks that we've seen on religious buildings, be they Hindu temples, mosques, synagogues, or churches," Albanese was quoted as saying by PTI.&nbsp;</p>

<p>The Indian PM on Friday, had raised the matter during a joint press conference, breaking away from the bonhomie of the entire tour to express his concern. Modi described the attacks on Hindu temples as a 'matter of regret'.&nbsp;</p>

<p>"The Indian community is making a significant contribution to the society and economy of Australia. It is a matter of regret that reports have come regularly from Australia in the last few weeks about attacks on temples," said PM Modi.&nbsp;</p>

<p><a href="https://www.wionews.com/videos/indian-pm-modi-raises-temple-vandalism-in-australia-with-pm-albanese-during-bilateral-talks-570617"><strong>WATCH | Indian PM Modi raises temple vandalism in Australia with PM Albanese during bilateral talks</strong></a></p>

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<p>"It is natural that such news worries the people in India, and disturbs our minds. I have shared these feelings and concerns of ours with Prime Minister Albanese. And he has assured me that the safety of the Indian community is a special priority for him. Our teams will be in regular touch on this topic, and will cooperate as much as possible," he added.&nbsp;</p>

<p>The Australian PM was on a four-day India visit and held several key bilateral talks with the Indian side. In his closing remarks, Albanese said the two countries were working towards a Comprehensive Economic Cooperation Agreement.&nbsp;Albanese added that he was hopeful that the agreement will be finalised by the end of this year.&nbsp;</p>

<p>The highlight of the trip, however, was the visit by the two leaders to the Narendra Modi Stadium in Ahmedabad, Gujarat ahead of the start of the fourth Border Gavaskar Test match between India and Australia.&nbsp;</p>

<p><a href="https://www.wionews.com/sports/watch-pm-modi-and-his-australian-counterpart-anthony-albanese-meet-ind-aus-players-before-4th-test-570105"><strong>WATCH: PM Modi and his Australian counterpart Anthony Albanese meet Ind-Aus players before 4th Test</strong></a></p>

<p><em>(With inputs from agencies)</em><br />
&nbsp;</p>

<p><strong>WATCH WION LIVE HERE:&nbsp;</strong></p>

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Australian Prime Minister Anthony Albanese has said his country will not tolerate attacks on Hindu temples and religious places after Indian Prime Minister Narendra Modi raised the issue of vandalism of Hindu temples in the Down Under country.

Australian Prime Minister Anthony Albanese has said his country will not tolerate attacks on Hindu temples and religious places after Indian Prime Minister Narendra Modi raised the issue of vandalism of Hindu temples in the Down Under country. "I gave him (PM Modi) the assurance that Australia is a country that respects people's faith. That we don't tolerate the sort of extreme actions and attacks that we've seen on religious buildings, be they Hindu temples, mosques, synagogues, or churches," Albanese was quoted as saying by PTI. The Indian PM on Friday, had raised the matter during a joint press conference, breaking away from the bonhomie of the entire tour to express his concern. Modi described the attacks on Hindu temples as a 'matter of regret'. "The Indian community is making a significant contribution to the society and economy of Australia. It is a matter of regret that reports have come regularly from Australia in the last few weeks about attacks on temples," said PM Modi. WATCH | Indian PM Modi raises temple vandalism in Australia with PM Albanese during bilateral talks × "It is natural that such news worries the people in India, and disturbs our minds. I have shared these feelings and concerns of ours with Prime Minister Albanese. And he has assured me that the safety of the Indian community is a special priority for him. Our teams will be in regular touch on this topic, and will cooperate as much as possible," he added. The Australian PM was on a four-day India visit and held several key bilateral talks with the Indian side. In his closing remarks, Albanese said the two countries were working towards a Comprehensive Economic Cooperation Agreement. Albanese added that he was hopeful that the agreement will be finalised by the end of this year. The highlight of the trip, however, was the visit by the two leaders to the Narendra Modi Stadium in Ahmedabad, Gujarat ahead of the start of the fourth Border Gavaskar Test match between India and Australia. WATCH: PM Modi and his Australian counterpart Anthony Albanese meet Ind-Aus players before 4th Test (With inputs from agencies) WATCH WION LIVE HERE:

PM Albanese says Australia won’t tolerate attacks on Hindu temples, other religious places

<p>China's third-term President Xi Jinping on Saturday,&nbsp;during the ongoing annual meeting of China's parliament, appointed his close ally and confidant Li Qiang to the post of premier. The role, as per Reuters, is charged with managing the nation's economy. 63-year-old Li Qiang is a close ally of the ‘supreme leader’ Xi Jinping and even served as his chief of staff between 2004 and 2007.</p>

<p>Li&nbsp;Qiang, the former Communist Party chief of Shanghai, replaces Li Keqiang. The former premier&nbsp;served two five-year terms.</p>

<p><strong>Watch |&nbsp;Xi Jinping handed unprecedented third term as China’s president</strong></p>

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<p>Widely perceived to be pragmatic and business-friendly, the new premier faces the daunting task of shoring up China's uneven economic recovery. With weak confidence among consumers and the private sector, and global headwinds, the nation's economy is weighted down after three years of COVID-19 curbs.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/with-xi-jinping-securing-third-term-as-chinas-president-a-look-at-his-political-career-570544">Explained: Xi Jinping's rule in China extended. A look at his political career so far</a></strong></p>

<p>It grew by merely 3 per cent last year. On the opening day of the current parliament session, Beijing has set a modest 2023 growth target of around 5 per cent — its lowest goal in nearly three decades.</p>

<p>Christopher Beddor, deputy China research director at Gavekal Dragonomics, says Li's top task this year will be beating the growth target without triggering serious inflation or piling on debt.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/xi-jinping-secures-third-term-as-chinas-president-570435">Leader for life: Xi Jinping secures historic third term as China’s president</a></strong></p>

<p>His rise to premiership comes amid the biggest government reshuffle in a decade&nbsp;as Xi installs a slate of loyalists in key positions. His rise to power also comes amid rising tensions with the West.</p>

<p><em>(With inputs from agencies)</em></p>

<p><br />
<strong>WATCH WION LIVE HERE</strong></p>

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<p>You can <strong>now write for wionews.com</strong> and be a part of the community. Share your stories and opinions with us <strong><a href="https://www.wionews.com/content-contribution-registration-form">here</a>.</strong></p>


China's third-term President Xi Jinping on Saturday, during the ongoing annual meeting of China's parliament, appointed his close ally and confidant Li Qiang to the post of premier.

China's third-term President Xi Jinping on Saturday, during the ongoing annual meeting of China's parliament, appointed his close ally and confidant Li Qiang to the post of premier. The role, as per Reuters, is charged with managing the nation's economy. 63-year-old Li Qiang is a close ally of the ‘supreme leader’ Xi Jinping and even served as his chief of staff between 2004 and 2007. Li Qiang, the former Communist Party chief of Shanghai, replaces Li Keqiang. The former premier served two five-year terms. Watch | Xi Jinping handed unprecedented third term as China’s president Widely perceived to be pragmatic and business-friendly, the new premier faces the daunting task of shoring up China's uneven economic recovery. With weak confidence among consumers and the private sector, and global headwinds, the nation's economy is weighted down after three years of COVID-19 curbs. Also read | Explained: Xi Jinping's rule in China extended. A look at his political career so far It grew by merely 3 per cent last year. On the opening day of the current parliament session, Beijing has set a modest 2023 growth target of around 5 per cent — its lowest goal in nearly three decades. Christopher Beddor, deputy China research director at Gavekal Dragonomics, says Li's top task this year will be beating the growth target without triggering serious inflation or piling on debt. Also read | Leader for life: Xi Jinping secures historic third term as China’s president His rise to premiership comes amid the biggest government reshuffle in a decade as Xi installs a slate of loyalists in key positions. His rise to power also comes amid rising tensions with the West. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Xi Jinping appoints longtime ally and confidant Li Qiang as China’s new premier

In the third week of June, Prime Minister Narendra Modi might make a state visit to the United States. The Biden administration reportedly invited Modi to a bilateral summit later this year, according to earlier US reports.

U.S. President Joe Biden has invited PM Modi for bilateral summit

There is a mutiny brewing in Britain's BBC. The anger over axing out Gary Lineker is growing. The British broadcaster was forced to cancel most of its sports coverage. The reason is that the presenters are not willing to work, as they are supporting Gary Lineker. This comes amid Lineker's tweet on UK government's immigration policy and has led to a larger debate on freedom of speech in Britain.

Mutiny at BBC after anchor pulled from football show

The surprise deal between Iran and Saudi Arabia to restore diplomatic ties offers much for the United States to be intrigued about, including a possible path to rein in Tehran's nuclear program and a chance to cement a ceasefire in Yemen.

Saudi Arabia and Iran resume ties after seven years

China's role in Saudi-Iran deal a tricky test for the U.S.

<p>As the COVID-19 pandemic completes three years, around 200 dignitaries have released an open letter, calling for pledges against 'vaccine inequity' which as per a study from last year was responsible for&nbsp;"one preventable death every 24 seconds." Also marking the pandemic anniversary, in the US, a bill that seeks to declassify Covid origins has cleared the House, and will now be presented to President Joe Biden.&nbsp;In other news, China's three-time president Xi Jinping has appointed his longtime ally Li Qiang as his number two. Meanwhile, in what marks&nbsp;the most significant retail bank failure since the 2008 financial crisis,&nbsp;Silicon Valley Bank (SVB) was shut down&nbsp;amidst a liquidity crisis.</p>

<p><strong>Click on the headlines to read more:</strong></p>

<p><strong><a href="https://www.wionews.com/world/on-covid-19-pandemics-3-year-anniversary-leaders-say-never-again-to-vaccine-inequity-570806">On COVID-19 pandemic's 3-year anniversary, leaders say 'never again' to vaccine inequity</a></strong></p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/03/11/338001-new-wion-4.png?imwidth=1920" /></p>

<p>Three years since the dreaded COVID-19 pandemic started, around 200 world leaders in an open letter&nbsp;called for 'vaccine equity' to be made a thing of the past. As per the leaders, with the pandemic's end in sight, "the world is at a critical juncture."</p>

<p><strong><a href="https://www.wionews.com/world/xi-jinping-nominates-longtime-ally-li-qiang-as-chinas-new-premier-570794">Xi Jinping appoints longtime ally Li Qiang as China's new premier</a></strong></p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/03/11/337992-new-wion-3.png?imwidth=1920" />China's third-term President Xi Jinping has appointed ally Li Qiang to the post of premier during the ongoing annual meeting of China's parliament.&nbsp;</p>

<p><strong><a href="https://www.wionews.com/business-economy/silicon-valley-bank-shuts-down-amidst-liquidity-crisis-regulator-seize-assets-570791">Silicon Valley Bank shuts down amidst liquidity crisis, regulator seizes assets; global markets collapse</a></strong></p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/03/11/337991-svb.jpg?imwidth=1920" /></p>

<p>&nbsp;</p>

<p>US regulators have taken control over the Silicon Valley Bank (SVB) after it was shut down, marking the largest retail bank failure since the 2008 financial crisis.</p>

<p><strong><a href="https://www.wionews.com/world/saudi-arabia-demands-us-security-pledges-nuclear-help-for-peace-deal-with-israel-report-570778">Saudi Arabia demands US security pledges, nuclear help for peace deal with Israel: report</a></strong></p>

<p><img src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2023/03/11/337982-pe6vcfr4sjpf7ag6sv27d44uom.jpg?imwidth=1920" /></p>

<p>Saudi Arabia is demanding security guarantees and help in the development of its civilian nuclear programme from the United States, as the latter is trying to broker its peace deal with Israel, according to a report published by The Wall Street Journal.</p>

<p><strong>Watch |&nbsp;A bill to declassify COVID-19's origins clears the House and heads to Biden</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/a-bill-to-declassify-covid-19s-origins-clears-the-house-and-heads-to-biden-570796/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>


As the COVID-19 pandemic completes three years, around 200 dignitaries have released an open letter, calling for pledges against 'vaccine inequity' which as per a study from last year was responsible for "one preventable death every 24 seconds.

As the COVID-19 pandemic completes three years, around 200 dignitaries have released an open letter, calling for pledges against 'vaccine inequity' which as per a study from last year was responsible for "one preventable death every 24 seconds." Also marking the pandemic anniversary, in the US, a bill that seeks to declassify Covid origins has cleared the House, and will now be presented to President Joe Biden. In other news, China's three-time president Xi Jinping has appointed his longtime ally Li Qiang as his number two. Meanwhile, in what marks the most significant retail bank failure since the 2008 financial crisis, Silicon Valley Bank (SVB) was shut down amidst a liquidity crisis. Click on the headlines to read more: On COVID-19 pandemic's 3-year anniversary, leaders say 'never again' to vaccine inequity Three years since the dreaded COVID-19 pandemic started, around 200 world leaders in an open letter called for 'vaccine equity' to be made a thing of the past. As per the leaders, with the pandemic's end in sight, "the world is at a critical juncture." Xi Jinping appoints longtime ally Li Qiang as China's new premier China's third-term President Xi Jinping has appointed ally Li Qiang to the post of premier during the ongoing annual meeting of China's parliament. Silicon Valley Bank shuts down amidst liquidity crisis, regulator seizes assets; global markets collapse US regulators have taken control over the Silicon Valley Bank (SVB) after it was shut down, marking the largest retail bank failure since the 2008 financial crisis. Saudi Arabia demands US security pledges, nuclear help for peace deal with Israel: report Saudi Arabia is demanding security guarantees and help in the development of its civilian nuclear programme from the United States, as the latter is trying to broker its peace deal with Israel, according to a report published by The Wall Street Journal. Watch | A bill to declassify COVID-19's origins clears the House and heads to Biden

Morning news brief: China's new premier, Covid pandemic three year anniversary, and more

According to a recent study, going above the World Health Organization (WHO) ozone limit is linked to significant increases in heart attack, heart failure, and stroke hospital admissions.

New Study: Ozone related with rising hospitalisation for health disease

Iran is deepening its military ties with Russia from supplying drones for the Ukraine war. Iran has now reportedly reached a mega deal to purchase the advanced SU-35 fighter jets as it is now putting in motion a plan to modernize its aging fighter jet.

Iran finalises deal to procure Sukhoi fighter jets from Russia

Pakistan's foreign minister Bilawal Bhutto Zardari accepts that the country has failed to get any traction or support for its agenda from the wider UN membership.

Pakistan foreign minister Bilawal Bhutto Zardari calls India a 'friend', then retracts

Pakistan Foreign Minister Accepts: No traction on Kashmir agenda at UN

Kyiv says Ukrainian forces have decided to fight on in the ruined city of Bakhmut because the battle is pinning down Russia's best units and degrading them ahead of a planned Ukrainian spring counter-offensive. While Wagner group claims is close to the center of the frontline hotspot of the eastern Ukrainian city.

Ukraine says Bakhmut battle is giving it an edge

The Italian coast guard launched multiple rescue operations in the journey of sea and rescued about a thousand migrants. The rescue operation was reportedly launched after the overcrowded boats and encountered problems in the Mediterranean.

Italian coastguard rescues migrants after boats encountered issues

Russian President Vladimir Putin could be attending the G20 Summit in India later this year. The Kremlin has killed the President's schedule which has led to speculations that the Russian president will be attending.

Kremlin clears Putin's schedule for September, Vladivostok forum dates shifted to avoid clash

Around 20,000 soldiers from nine countries are participating in one of the largest winter exercises held annually. This year the mega joint viking winter exercise is currently underway in Northern Norway.

Soldiers from France, Germany, UK and U.S. participating in Norway-led winter exercise

Bakhmut remains the main target of Russia's winter push into Ukraine. Both Russian Reserve troops and mercenaries are attempting to siege the city. Russian forces have captured Eastern Bakhmut and outskirts of the North and South but they are still unable to close a ring around Ukrainian Defenders.

Ukraine President Zelensky leads tributes for fallen 'Da Vinci'

Afghanistan continues to be in a state of turmoil. A bomb exploded at an awards ceremony for journalists killing at least about one person and five others were wounded.

Afghanistan: Bomb explosion at an award ceremony for journalists, 1 dead and 5 wounded

On the crowded island of Java, the volcano Merapi erupted, sending clouds of hot ash and a mixture of rock, lava, and gas as far as 7 kilometers down its slopes.

Indonesia: Merapi volcano spews cloud up to 7 kilometers

U.S. regulators shut down Silicon Valley Bank (SVB) on Friday and took control of its deposits after the high-tech lender’s share price nosedived. Just hours before the sudden collapse of the Silicon Valley Bank, the biggest bank failure in the US since the 2007-2008 Global Financial Crisis, US Treasury Secretary Janet Yellen said that the Treasury Department is keeping a close look at a few banks.

Elon Musk open to buying SVB and turning it into a digital bank

In the era of cancel culture, the audience continues to get offended at everything based on 'religious sentiments'. Whether it's Diwali or Holi - we have seen how the brands' creativity stir controversies. Watch this video to know how some brands invited outrage from the audience.

Brands that stirred controversies for their ads on festivals

It has been 12 years since the deadly earthquake and tsunami hit Fukushima in Japan, killing 20,000 people. Japanese Prime Minister paid respect to the deceased.

Japan: 12 years since quake and tsunami triggered nuclear disaster in Fukushima

The United States is accusing Russia of trying to destabilize Moldova. The U.S intelligence officials say that people with ties to Russian intelligence are seeking to stage and use the protests in Moldova to eventually bring in a pro-Moscow government.

U.S. Intelligence: Russian actors may help manufacture protests

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