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— In an interview, the country's finance minister threw down the gauntlet, saying that UBS, along with other big banks, will need to beef up their capital if they want to keep doing business big time.
— She was sentenced along with 85 others, including former central bankers and ex-government officials.
— CEO Elon Musk celebrated that the company's Starlink broadband service had "achieved breakeven cash flow." But according to a damning new report by Bloomberg, Musk may have been greatly underplaying the costs involved in launching the satellites, when in reality the company is losing "hundreds of dollars on each of the millions of ground terminals it ships."
As of now, SpaceX has launched 5,600 satellites into low-Earth orbit and is planning to launch tens of thousands more.
— Barring yet another appeal, the first of Trump's four criminal trials will start as scheduled on Monday. Trump's lawyers asked the state's mid-level appeals court to halt the case indefinitely while they fight to remove the trial judge and challenge several of his pretrial rulings, which they argue have seriously hindered the former president's defense.
— ILO 15 March 2024: "The wage level that is necessary to afford a decent standard of living for workers and their families, taking into account the country circumstances and calculated for the work performed during the normal hours of work".
The agreement says that the estimation of living wages should follow a number of principles, including the usage of evidence-based methodologies and robust data, consultations with workers' and employers' organizations, transparency, public availability, and the consideration of regional and local contexts and socio-economic and cultural realities.
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