AFP
20201 articles published since 08 Mar 2022
20201 articles published since 08 Mar 2022
Asia extended a global equities rally Wednesday as more pledges of government support soothed worries over the banking sector and provided some much-needed stability after more than a week of upheaval. - 'Fear index' drops - The US and European rally filtered through to Asia, where banks were among the big gainers with tech firms.
The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with some wondering if the superbank might be too big for its own good. The other solution would have been to nationalise Credit Suisse "to enhance the good bank" and consolidate the poor assets into a "bad bank" to be liquidated, he explained.
A shareholder lawsuit filed late Monday accuses board members of Instagram and Facebook parent Meta of shirking their duties by ignoring human and sex trafficking on the tech giant's social platforms.
Russian President Vladimir Putin hosted Chinese leader Xi Jinping for two days of closely-watched talks on Monday and Tuesday. The Russian leader said that bilateral cooperation "has truly unlimited possibilities and prospects" and toasted the "prosperity" of Russian and Chinese people at a state dinner after the talks.
French far-right leader Marine Le Pen warned Tuesday that President Emmanuel Macron was pushing the country to the verge of a "social explosion" with his highly contested pensions reform.
Spain needs more transparency over the Pegasus spyware hacking scandal, a European Parliament committee said Tuesday at the end of a two-day fact-finding mission to Madrid.
Food delivery platform Just Eat Takeaway unveiled plans Tuesday to axe more than 1,700 mostly courier jobs in Britain, as it slashes costs in the wake of huge annual losses. Just Eat Takeaway said its UK division will stop employing its own couriers -- and instead will only use self-employed gig economy workers.
Google on Tuesday invited people in the United States and Britain to test its AI chatbot, known as Bard, as it scrambles to catch up with Microsoft-backed ChatGPT. Bard, ChatGPT and other similar apps churn out essays, poems or computing code on command, though they come with warnings that the information they create can be incorrect or inappropriate.
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff. "Directly or indirectly, tens of thousands of jobs are potentially threatened," the Swiss Trade Union Federation (SGB) warned in a statement Tuesday.
AFP
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