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20201 articles published since 08 Mar 2022

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Swiss sweat over size of new superbank
Swiss sweat over size of new superbank
Business and Economy

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.

UK food delivery app to axe more than 1,700 jobs
UK food delivery app to axe more than 1,700 jobs
Business and Economy

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 opens chatbot Bard for testing in US and UK
Google opens chatbot Bard for testing in US and UK
Business and Economy

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.

Swiss brace for major job losses after Credit Suisse buyout
Swiss brace for major job losses after Credit Suisse buyout
Business and Economy

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.

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