After UBS saved Credit Suisse through a government-mediated rescue, which tarnished the nation’s long-held pride in its banking prowess, Switzerland awoke to a new era on Monday. An association of bank employees expressed its shock at the potential outcomes of… Read More ›
SHEIN, an online fast-fashion retailer, and Temu, a newer competitor, are competing for shoppers’ attention with their low-cost Chinese-made goods. Their feud is being waged not only on social media, but also in a US court. The legal squabble is… Read More ›
Credit Suisse hosted its top clients in October at the opulent Fontainebleau Miami Beach hotel, amid growing doubts that it was still in the securities trading game after a string of high-profile gaffes. Investors and trading firms from BlackRock to… Read More ›
The Swiss National Bank reported an annual loss of 132.5 billion Swiss francs ($141.54 billion) on Monday, in line with the preliminary figures released in January. The loss, the largest in the central bank’s 115-year history, was caused by a… Read More ›
Since the beginning of using satellites to measure it in the late 1970s, there is currently less sea ice surrounding the Antarctic continent than at any other time. According to the National Snow and Ice Data Center, this year is exceptional… Read More ›
China is closely monitoring Russia’s progress in the Ukraine, according to NATO Secretary-General Jens Stoltenberg, who also noted that the outcome of the European war will probably have a significant impact on Beijing’s actions in the Asia-Pacific region. “Beijing is… Read More ›
Britain will introduce draft legislation on Tuesday to control “buy now, pay later” credit, claiming that the industry could harm consumers if accurate affordability checks were not made. The majority of BNPL businesses are unregulated, and they frequently provide on-the-spot,… Read More ›
According to a survey released on Monday, British employers expect to raise wages for their employees by the most in at least 11 years, but the 5% pay increases would still fall well short of expected inflation. The Chartered Institute… Read More ›
Health campaigners and councils have urged taxing vapes and displaying them in plain packaging behind the counter to decrease their appeal to children. Action on Smoking and Health (Ash) is urging Jeremy Hunt, the chancellor, to impose an additional £4… Read More ›
In an effort to reinvent itself under its new owners, Air India has signed a jumbo deal for about 500 new planes worth more than $100 billion at list prices. According to industry sources, this could be the airline’s single… Read More ›
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