UBS Group AG’s takeover of Credit Suisse Group AG creates new business opportunities for other banks in Switzerland, according to Commerzbank AG supervisory board chairman Helmut Gottschalk.
European Central Bank Vice President Luis de Guindos said underlying price pressures will stay elevated even as headline inflation slows.
For all the British prime minister’s recent success, the division and failed policies of his Conservative Party weigh on his prospects at the ballot box.
Euro-area government bonds posted their strongest quarter in almost four years, as market turmoil renewed appetite for an asset class that had long been shunned by investors.
Russia’s grip on global food supply is tightening after two of the biggest international traders said they would halt grain purchases for export from the country.
Crypto entrepreneur Justin Sun has held talks about selling a stake in digital-asset exchange Huobi Global, according to a person with direct knowledge of the matter.
UBS Group AG’s hastily brokered takeover of Credit Suisse Group AG and the job cuts likely to follow are undoubtedly a blow for Swiss self-esteem as a global financial center, yet the wider economy looks well-placed to weather the fallout.
Guatemala said its ties with Taiwan are firm, reiterating support for the Asian island just a week after neighboring Honduras cut ties in favor of China.
Macau’s casinos had their best month since the earliest days of the pandemic, with gaming revenue surging 247% in March after Chinese tourists flocked to the gambling hub as the end of Covid Zero sparks a travel boom.
From London to Berlin and Paris, a new era of agitation over the spoils of capitalism is revealing itself in piles of uncollected garbage, shuttered transit systems, and mass protests.
