In a statement Credit Suisse said, its chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules. The development raises questions over the bank’s new lending strategy as it tries to recover from a string of scandals. Incidentally, Horta-Osorio became the… Read More ›
According to LCH investment data, the world’s 20 best performing hedge funds earned $65.4 billion for clients in 2021, on the back of stock markets rising despite setbacks introduced by coronavirus pandemic. As a group, the most successful managers earned… Read More ›
According to Chinese commodity brokers, resumption of regular trade between Beijing and Pyongyang is expected to resume on Monday, after a North Korean train pulled into a Chinese border town on Sunday in the first such crossing since anti-coronavirus border… Read More ›
In a significant development the Biden government has held talks with several international energy companies on putting in place contingency plans for supplying natural gas to Europe in the event gas supplies to Europe are disrupted because of Russian and… Read More ›
In a statement the Federal Communications Commission (FCC) said, AT&T Inc was leading in the bid for the 5G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in bids. The spectrum sales proceeds generated $22.5 billion, said the… Read More ›
On Friday, Ukraine was hit by a massive cyberattack. Russia has also released footage of more forces being deployed on Ukraine’s border in a drill. These developments come at a time when no breakthrough agreement was reached between Russia and… Read More ›
On Friday, British luxury carmaker Aston Martin named Doug Lafferty, as its new chief financial officer. Lafferty will replace Kenneth Gregor, who will be stepping down to personal reasons after 18 months on the job. Lafferty is currently the finance chief… Read More ›
On Friday, Canon Inc said, it was weighing options to close down its factory in Zhuhai, southern China, which mainly makes compact digital cameras midst a shrinking market for such devices. Canon’s spokesperson declined to provide details of employee strength at… Read More ›
In a statement Polish foreign minister Zbigniew Rau warned, Europe is closer to war than it has been in the last 30 years. The warning comes at a time after a third round of diplomacy aimed at defusing tensions over… Read More ›
In a statement Greece’s Prime Minister Kyriakos Mitsotakis said, Athens will raise minimum wage for a second time this year following a rise in inflation levels which has taken a toll on consumers’ income. The government increased monthly gross minimum… Read More ›
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