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UBS net profit up 71% after two quarters in the red
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse. In March 2023, Swiss authorities strongarmed UBS into the $3.25-billion takeover to prevent Credit Suisse from going under with catastrophic consequences for the global financial system.
“No more 24/7 electricity”: FG gives orders to reduce electricity supply to 3 African countries
The Nigerian Electricity Regulatory Commission (NERC) has ordered a reduction in the electricity supply to Benin Republic, Togo and Niger Republic.
Amazon says will invest $9 billion in Singapore
Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. Microsoft pledged US$2.2 billion in artificial intelligence and cloud computing investment in Malaysia on Thursday.
BREAKING Tension in Rivers as assembly issues fresh threat to Gov Fubara
There is fresh tension in Rivers State as its political crisis takes another dimension. The state assembly has issued another threat to Governor Siminalayi Fubara.
Defection rocks Ebonyi PDP as ex-guber aspirant, former lawmaker, Ogbaga, others dump party
The PDP has again experience major defection and two prominent members lead majority to the ruling APC. The defectors were led by two former federal lawmakers.
Chinese mill blamed for turning Serbia village red with pollution
In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust. - Cancer cases quadrupled - The Serbian Environmental Protection Agency has ranked Smederevo repeatedly among the country's most polluted cities, classified as having "excessively polluted air".
Asia tracks another rally on Wall St as US rate optimism lingers
Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.
BREAKING: FG to establish foreign military base in Nigeria? Fact emerges
The federal government has finally opened up on the report the it was in discussion with some foreign countries to establish foreign military bases in the country.
Boeing probed in US over possible falsified records on 787
US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the agency said.
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