Credit Suisse’s strategic overhaul at a glance
Battered by years of scandals and losses, Credit Suisse (CSGN.S) plans to raise capital, cut thousands of jobs and spin off its investment bank.
Here are main elements of ...
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Italy to end ban on health workers not vaccinated against Covid
Italian doctors and nurses suspended from work because they are not vaccinated against Covid-19 will soon be reinstated, new Health Minister Orazio Schillaci said on Friday.
The move is motivated ...
France’s Macron agreed with new British PM Sunak to deepen ties
French President Emmanuel Macron and Britain’s new prime minister Rishi Sunak discussed the issue of clandestine migration across the English Channel in their first telephone conversation since Sunak took ...
For Twitter boss Elon Musk, now comes the hard part
Overspending on Twitter Inc (TWTR.N) for $44 billion was the easy part.
Now, Tesla Inc (TSLA.O) Chief Executive Elon Musk must prove why he believes that Twitter is worth 10 ...
Tesla faces US criminal probe over self-driving claims
Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said.
...
Oil falls as China widens COVID curbs; still set for weekly gain
Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of ...
PGA Tour blew it by not making deal with LIV Golf, says Trump
The PGA Tour blew it by refusing to negotiate with the Saudi-backed LIV Golf Series and therefore find themselves in a difficult spot dealing with “good people” with unlimited money, ...
Egypt’s pound slides as IMF deal triggers new exchange rate regime
Egypt’s pound slid about 14.5 per cent to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a “...
Monza player Mari stabbed in supermarket attack
Monza’s Spanish soccer player Pablo Mari was stabbed on Thursday along with five other people in a shopping mall in the town of Assago outside Milan, Italy’s Carabinieri ...
Turkey’s Baykar to complete plant in Ukraine in two years -CEO
Turkish defence company Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years, its chief executive said on Thursday, after the company became highly ...
New $15m mixed-sex event in Australia to kick off 2023 season
A new mixed-sex $15 million tournament featuring teams from 18 nations playing matches across three Australian cities will kick off the 2023 international tennis season, Tennis Australia announced on Friday.
The inaugural edition ...
Ten Hag says Ronaldo’s goal a reward for his tenacity
Manchester United manager Erik ten Hag said Cristiano Ronaldo’s goal in Thursday’s 3-0 Europa League win over Sheriff Tiraspol was a fitting prize for his perseverance after the ...
Alpine win bid to overturn Alonso’s US Grand Prix demotion
Alpine have won their bid to overturn Fernando Alonso’s penalty at the U.S. Grand Prix after the double world champion had lost seventh place as stewards upheld a ...
Elon Musk’s Twitter ownership starts with firings, uncertainty
Elon Musk became Twitter Inc’s TWTR.Nowner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the ...
Putin jabs at West over Ukraine war, says operation going to plan
Russian President Vladimir Putin showed no regrets for the war against Ukraine, insisting it was going to plan and playing down any nuclear standoff with the West, while both sides ...
Credit Suisse asks investors for billions after bumper loss
Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...
Saudia to buy up to 100 Lilium electric aircraft for domestic network
Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...
Egypt’s central bank raises key interest rates by 200 basis points
Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee.
The central bank set the overnight ...
PSV outclass Arsenal to book Europa League knockout spot, Man Utd sweep aside Sheriff
PSV Eindhoven clinched a place in the Europa League knockout phase with a dominant 2-0 home win over Arsenal on Thursday, while Lazio boosted their chances of going through to ...
New British PM Sunak will not attend COP27 climate summit
British Prime Minister Rishi Sunak will not attend the COP27 climate summit that begins in Egypt next month, his office said on Thursday, with other senior ministers going instead to ...
ECB raises interest rates again, cuts bank subsidies
The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...
ASEAN still backing Myanmar consensus peace plan-chair
The Association of Southeast Asian Nations (ASEAN) remains committed to a peace plan agreed with Myanmar’s military rulers, its chair Cambodia said on Thursday, even as some countries raised ...
Oil prices drop on fears China demand may slow
Oil prices dropped on Thursday, reversing a more-than-3 per cent rally in the previous session, as lingering fears over slack demand in China outweighed optimism from record US crude exports ...
‘Survival kits’ in lifts: Kyiv residents get creative amid power cuts
When near-daily rolling blackouts began in his Kyiv apartment block, Taras Logginov knew anyone getting stuck in the lifts of the 17-storey building would appreciate some basic supplies to help ...