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Bundesbank chief warns of bank run through social media

Bundesbank President Joachim Nagel has warned of the dangers of a bank run through fake news. Nagel: "We must not rest on our laurels, but must look closely and sharpen up on 'blind spots' in supervision" The case of the Silicon Valley Bank has shown that it is necessary to become faster, said Nagel. He had heard from a colleague from South Korea that a task force of the banking supervisory authority was systematically monitoring social media.

China tightens import controls on Japanese food because of Fukushima cooling water

Japan wants to discharge cooling water from the Fukushima nuclear power plant ruins into the sea. China is reacting: Controls on food imports are to become even stricter. In South Korea, the announcement led to panic buying and hunger strikes. The head of the International Atomic Energy Agency gave his approval for the disposal in the sea during a visit to Japan. He said Japan's plan meets international safety standards, according to his agency's final review report. The Chinese customs authority pointed out that there was no unanimity among the authors.

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