International

Switzerland awoke on Monday to a new era after UBS (UBSG.S) agreed to take over the ailing Credit Suisse (CSGN.S), with a bank employee association saying it was “...

Microsoft last week trumpeted its latest plans to put artificial intelligence into the hands of more users, answering a spate of unveilings this week by its rival Google (GOOGL.O) ...

Egypt promised to reform under latest IMF programme Gov’t earmarked more than 30 firms for stake sales Analysts say military’s economic role has expanded New security clearance requirement is ...

A chip plant that South Korea’s Samsung Electronics Co Ltd (005930.KS) is building in Taylor, Texas, will cost the world’s biggest memory chipmaker over $25 billion, up more than $8 ...

The Mexican arm of Spain’s Banco Santander (SAN.MC) plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services ...

European researchers are developing online tools to help small and medium-sized enterprises improve the mental health of employees. By Andrew Dunne Ask a person working in a small business how ...

PricewaterhouseCoopers said Wednesday that it will give 4,000 of its legal professionals access to an artificial intelligence platform, becoming the latest firm to introduce generative AI technology for legal work. PwC ...

New York-based quantum computer startup SEEQC said on Wednesday it has developed a digital chip that can operate at temperatures colder than outer space so it can be used with ...

Artificial intelligence can now outperform most law school graduates on the bar exam, the grueling two-day test aspiring attorneys must pass to practice law in the United States, according to ...

By Maria Demertzis The three Rs of regulation, reserves and (legal) recourse are crucial for the smooth functioning of financial markets. These basic underpinnings are missing in decentralised finance, or ...

Taiwanese contract manufacturer Foxconn (2317.TW) has won an order to make AirPods for Apple Inc (AAPL.O) and plans to build a factory in India to produce the wireless earphones, ...

A group of Democratic U.S. lawmakers sent a letter to regulators and the Justice Department requesting a probe into the role of Goldman Sachs Group Inc GS.N in ...

British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of US tech lender Silicon Valley Bank, as contagion fears prompt some depositors to ...

Analysts worried that a banking crisis is still a possibility despite interventions A $30 billion lifeline for First Republic Bank (FRC.N) hosed down market fears about an imminent banking collapse ...

As SVB Financial Group (SIVB.O) wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc (...

A major purchase by Saudi Arabia caps sales of almost 200 Dreamliners over the past four months, handing Boeing Co (BA.N) major industrial and political wins in lucrative widebody sales ...

Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse ...

Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial ...

The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...

Danish brewer Carlsberg (CARLb.CO) denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes (AEFES.IS). Russian ...

Europe’s bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a new low, as investors continued to worry about stresses within the sector ...

European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is ...

KPMG’s US boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O), the Financial Times reported on ...

Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...