Following market turbulence brought on by Swiss and American banks, the European Central Bank is likely to reassure European Union leaders on Friday that banks
Category: WORLD NEWS
Bitcoin mining boom threatens electric grid in Texas.
According to a leading trade group, the surge in the power requirements for the miners has prevented cryptocurrency bankruptcy cases and concerns about electric power
Japan Industrial Partners to take Toshiba private in a $15b deal.
The board of Toshiba Corp. has approved a purchase bid from a group led by private equity firm Japan Industrial Partners, the company announced on
Switzerland commits $280b about 30% of GDP to UBS – Credit Suisse merger.
According to documents outlining the merger, Credit Suisse and UBS could receive more than 260 billion Swiss francs ($280 billion) in state and central bank
Tech giant Amazon cuts 9,000 more jobs across all sectors, giving a total 0f 27,000 in 2023.
According to a statement sent to employees on Monday by CEO Andy Jassy, Amazon plans to axe 9,000 additional jobs in the coming weeks. In
Credit Suisse says regulators gave orders that $17b bonds be rated as junk.
In a move that enraged investors on Sunday, Credit Suisse announced that 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will
French Insurer AXA has exposure of $640m zero-rated bonds with Credit Suisse.
According to a statement made on Monday, the French insurer AXA had a “small exposure” to the Swiss bank Credit Suisse of roughly 0.6 billion
Mercedes to invest billions in the upgrade of EV plants in China, Germany, and Hungary.
According to the journal Automobilwoche, Mercedes will spend billions of dollars upgrading its factories in China, Germany, and Hungary over the next few years as
Swiss government invokes emergency provisions as UBS takes over Credit Suisse in a $1b all-share deal.
A bid of up to $1 billion has been made by UBS to purchase Credit Suisse. According to the Financial Times, the proposed all-share merger
UK minister in Rwanda to fine-tune the $170m migrant deportation agreement mired in legal challenges.
The controversial plan to send some asylum seekers to Rwanda was supported by the U.K. government, according to the interior minister of Britain, who arrived
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