The chasm between Russia and the West continues to widen as the dispute over a downed U.S. drone continues to send ripples across the geopolitical landscape.

Credit Suisse shares rose over 30% at the market open after the bank said that it will borrow up to $54 billion from the Swiss National Bank.

The CEO of HSBC UK said he would not have guessed — just a few days beforehand — that it would be buying Silicon Valley Bank UK.

Singapore’s Changi Airport has been named the “world’s best airport” for a record 12th time.

“It’s panic, a little bit of panic. I believe completely unwarranted, whether it be for Credit Suisse or for the entire market,” he said on CNBC’s “Capital Connection.”

European markets opened higher Thursday after the Swiss National Bank said it would provide additional liquidity to Credit Suisse.

Honduras’ decision was the second foreign policy coup in a week for China, which brokered a diplomatic agreement between Iran and Saudi Arabia last week.

Government jobs are typically regarded as stable and prestigious in China, especially since young people’s unemployment has soared to record highs.

Bob Desmond of Claremont Global says he’s not really thinking about the interest rate debate, adding that the firm has “always stuck to the Steady Eddies.”

Plummeting bond yields, and steep drops in oil and stock prices are all signaling that investors fear a recession is now on the near horizon.