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Overnight News Digest March 19, 2023 [1]

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Date: 2023-03-19

Tomorrow's News Today

Welcome to the Overnight News Digest with a crew consisting of founder Magnifico, regular editors side pocket, maggiejean, Chitown Kev, eeff, Magnifico, annetteboardman, Besame, jck, and JeremyBloom. Alumni editors include (but not limited to) Interceptor 7, Man Oh Man, wader, Neon Vincent, palantir, Patriot Daily News Clearinghouse (RIP), ek hornbeck (RIP), rfall, ScottyUrb, Doctor RJ, BentLiberal, Oke (RIP) and jlms qkw. OND is a regular community feature on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary. Editors of OND impart their own presentation styles and content choices, typically publishing each day near 12:00 AM Eastern Time.

BBC

UBS agrees 'emergency rescue' of Credit Suisse

Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. Sunday evening's announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators. The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy. The Bank of England said it welcomed the "comprehensive set of actions". Credit Suisse shareholders were deprived of a vote on the deal and will receive one share in UBS for every 22.48 shares they own, valuing the bank at $3.15bn (£2.6bn). At the close of business on Friday Credit Suisse was valued at around $8bn (£6.5bn). But the deal has achieved what regulators set out to do - secure a result before the financial markets opened on Monday.

NPR Florida news

Miami Beach sets curfew to control spring break crowds after 2 shootings

The city of Miami Beach has imposed an overnight curfew during spring break to prevent violence and "unruly crowds" after two fatal shootings took place over the weekend. The curfew largely applies to the city's South Beach district, a popular nightlife destination for spring breakers. It takes effect at 11:59 p.m. on Sunday night to 6 a.m. on Monday, the city said in a news release. More curfew restrictions are planned for Thursday through Monday, the city said, but that it will evaluate future curfew restrictions after the initial window. The restrictions, which included a state of emergency, were set "in response to the two shootings and the excessively large and unruly crowds, and to mitigate dangerous and illegal conduct," the city said. The two shootings, one on Friday night and another early Sunday, left two people dead, according to a separate news release.

NPR

Russia agrees to extend the Ukraine grain deal again

Turkey and Ukraine say the agreement with Russia to allow grain exports from Ukrainian ports through a safe corridor in the Black Sea has been extended. The duration of the extension remained uncertain on Saturday, but it will be at least 60 days. Ukraine and Turkey say the extension will be 120 days, but a spokeswoman for Russia's foreign ministry told Russian news agency Tass that Moscow had agreed to extend the deal 60 days. "As a result of our talks with the two sides, we have secured an extension to the deal," Turkish President Recep Tayyip Erdogan said. The agreement was brokered by the United Nations and Turkey last July in an effort to combat a global food crisis. It was extended in November for 120 days and set to expire Saturday.

The Guardian

Shroom boom: the hunt is on as California rains fuel a mushroom explosion

On a sun-dappled trail in the woods of Calabasas, Jess Starwood narrows her eyes and gasps with glee. Scrambling up a leafy hillside, she points to a small hump in the ground, covered in leaf litter. “That’s a shrump,” she says – a mushroom hump, where a mushroom may be pushing up the ground as it emerges. There were times when Starwood, an author, naturalist and foraging guide, would walk this trail and consider herself lucky to find even one mushroom. Today, on one of the hikes she regularly leads, we uncover nearly 50 mushrooms of 10 different species pushing up through the ground, growing out of damp logs, or springing from the dark earth. The reason? A slew of rainstorms walloping California throughout the winter, creating the ideal conditions for mushrooms to thrive. Experts are calling it a once-in-a-generation shroom boom, with highly saturated soils extending the mushroom season far past its usual peak of January and February. That’s brought enthusiasts in droves to forage mushrooms for cooking and medicinal uses, and given researchers a rare opportunity to survey the breadth of fungal diversity that is usually hidden underground.

The Guardian

Covid has not affected people’s happiness around world, study reveals

It claimed 6.7 million lives, locked down entire countries and triggered a global economic slump, but Covid-19 has not affected humankind’s happiness, an international study has found. Interviews with more than 100,000 people across 137 countries found significantly higher levels of benevolence in all global regions than before the pandemic. And when asked to evaluate their lives on a scale of one to 10, people on average gave scores just as high in the 2020-22 Covid years as in 2017-19. Things were slightly worse in western countries and slightly better in the rest of the world, but overall “the undoubted pains were offset by increases in the extent to which respondents had been able to discover and share the capacity to care for each other in difficult times,” the 10th World Happiness Report found.

Deutsche Welle

Putin applauds China's desire to help end Ukraine war

Russian President Vladimir Putin on Sunday welcomed China's willingness to play a "constructive role" in ending the war in Ukraine, saying relations between Moscow and Beijing were "at the highest point." In an article released on the eve of a visit to Moscow by his Chinese counterpart Xi Jinping, Putin said Russia had high hopes for the visit by his "good old friend." The three-day trip, which begins Monday, is the Chinese leader's first to Russia since Putin launched his invasion of Ukraine in February last year. China has publicly remained neutral over the conflict while criticizing Western sanctions against Russia and reaffirming its close ties with Moscow. Beijing said Xi is hoping to deliver a breakthrough on Ukraine as it seeks to position itself as a peacemaker. The Russian president said the quality of ties between Moscow and Beijing is "higher than the political and military unions of the Cold War era." "We have no doubt that they [the talks] will give a new powerful impetus to the whole bilateral cooperation," he wrote in an article for a Chinese newspaper.

Reuters

North Korea's Kim calls for nuclear attack readiness against U.S., South Korea

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