Swiss government blocked Saudi National Bank from acquiring a stake of 40% in Credit Suisse.
The Swiss regulator FINMA forbade Saudi National Bank from increasing its ownership in Credit Suisse from 9.88% to around 40%, according to a story in
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
China sets new rules to protect investors and promote innovation for the $2.9tr private investment fund sector.
To better protect investors and foster innovation, China announced regulations for the $2.9 trillion private investment fund industry on Sunday. According to a statement from
Brexit fallout: Britain anxious to use pension funds for infrastructure, venture capital, and green technology.
In its next phase of post-Brexit reforms, Britain will attempt to persuade pension plans to spend billions of pounds on infrastructure and start-ups, despite the
UN tech agency deploys robots that resemble humans for roles and questions at the Geneva press conference.
In an effort to start a conversation on the future of artificial intelligence, a United Nations technology agency gathered a group of robots that physically
China Tech crackdown: Securities regulator fines Ant Group almost $1b.
China’s securities regulator announced Friday that Chinese fintech company Ant Group has been fined nearly $1 billion for “illegal acts.” The China Securities Regulatory Commission
Twitter to sue Meta over “copycat” app, as Threads gather over 55m users.
Tens of millions of people have downloaded Meta’s new text-based program, Threads since it launched last week as a competitor to Elon Musk’s social networking
AI robots may help in achieving global goals, such as health.
A professor who worked on the creation of Nadine, a social robot driven by artificial intelligence (AI) and equipped with human-like movements and expressions, believes
Tech war: China launches first quantum computer operating system to challenge U.S. technology.
In an effort to reduce its dependency on American technology, China has announced the launching of OpenKylin, its first domestic open-source desktop operating system. China’s
Bank of England to take over foreign bank subsidiaries on the failure of the parent bank.
The Financial Times reported on Tuesday that the Bank of England is considering strategies to compel more foreign banks to establish subsidiaries in the UK.
UK firms are investing in Europe to bypass trade restrictions.
Small manufacturer Farrat, located on the outskirts of Manchester, is ramping up investment in Germany to make up for the increased customs delays and bureaucracy
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