UBS investors warm to Credit Suisse deal
UBS’s (UBSG.S) emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors ...
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Fashion retailer H&M to launch in Brazil
Fashion retailer H&M (HMb.ST) will launch stores and online trade in Brazil in 2025, the company said this week.
H&M opened its first store in Latin ...
Macron decides to keep French PM in role despite pension unrest, riots
French President Emmanuel Macron has decided to keep Elisabeth Borne in her role as prime minister, an official at the president’s office said on Monday, rejecting pressure to give ...
Experimental drug works best for Alzheimer’s patients treated as early as possible
An experimental drug from Eli Lilly LLY.N works best if Alzheimer’s patients are treated as early as possible, ideally before they develop symptoms of the brain-wasting disease, researchers ...
Biden invites Israel’s Netanyahu to White House (Update)
US President Joe Biden, after a lengthy delay, on Monday invited Israeli Prime Minister Benjamin Netanyahu to the United States for an official visit at a date to be determined, ...
Israel recognises Moroccan sovereignty over Western Sahara (Update)
Israel has recognised Morocco’s sovereignty over the disputed territory of Western Sahara and is mulling opening a consulate there, a statement from the Israeli prime minister’s office said ...
Wildfires rage near Athens, houses damaged (Update)
Two wildfires, fanned by strong winds, raged uncontrolled through coastal towns near Athens on Monday forcing residents to flee their homes and prompting the evacuation of hundreds of children from ...
Netanyahu vows crackdown on military no-shows in judicial protest
Israeli Prime Minister Benjamin Netanyahu pledged to crack down on Monday against threatened no-shows for military reserve duty by opponents of his judicial overhaul plan, saying such actions were anti-democratic ...
Turkey’s Erdogan says he is open to meeting with Syria’s Assad
Turkey’s President Tayyip Erdogan said on Monday that he was open to a meeting with Syrian President Bashar al Assad, but that setting the withdrawal of Turkish troops from ...
Global rules leave crypto firms with no place to hide, says G20 watchdog
Globally agreed rules leave crypto firms with no option but to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties, the G20’s Financial ...
Son says he would rather play for Spurs than move to Saudi club
Tottenham Hotspur forward Son Heung-min said he would have moved to Saudi Arabia to continue his career if he wanted to but opted to stay with the Premier League club ...
For markets, BoE communication is bottom of the class
As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than other major ...
Moscow halts grain deal in what UN calls a global blow to people in need (Update 2)
Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, spreading fear in poorer countries that price rises will ...
Dollar licks wounds as policy peak looms
A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any ...
Inter Miami officially welcome Lionel Messi, sign Sergio Busquets
A sold-out crowd of around 20,000 waited through a delay caused by torrential rain and heavy lightning to officially welcome Lionel Messi to Inter Miami on Sunday.
The ceremony dubbed “La ...
Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer
The Russian state has taken control of French yoghurt maker Danone’s (DANO.PA) Russian subsidiary along with beer company Carlsberg’s (CARLb.CO) stake in a local brewer, according ...
Crypto ransom attacks rise in first half of 2023, Chainalysis says
Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, ...
South Korea flood death toll rises to 39, Yoon blames botched responses
South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll from days of torrential rain grew to 39, including a dozen ...
Blasts on Crimea Bridge kill two, threaten Russian war supply lines
Two people were killed and their daughter was seriously injured on Monday after blasts on the Crimean Bridge, a major supply artery for Russian troops fighting in Ukraine and a ...
AI startups bringing dollars but lean workforces to ailing San Francisco
In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Francisco.
At ...
Italy’s luxury groups set aside rivalries to keep it local
Italy’s luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a ...
BYD proposes $1 billion India plan to build EVs, batteries
China’s BYD Co (002594.SZ) has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge ...
All hail Alcaraz as he ends Djokovic’s long Wimbledon reign
Carlos Alcaraz heralded the changing of the guard in men’s tennis as he ended Novak Djokovic’s long reign at Wimbledon with a rip-roaring 1-6 7-6(6) 6-1 3-6 6-4 ...
Kosovo buys Turkish Bayraktar drones
Kosovo has bought a batch of Turkish-made Bayraktar drones, its leader said on Sunday, at a time when it faces unrest in the north where ethnic Serbs refuse to recognise ...