JPMorgan’s Kian Abouhossein described a Credit Suisse takeover by UBS as “the more likely scenario.”Story Published at: March 18, 2023 at 08:55AM
Fail or sale? What could be next for stricken Credit Suisse
First Republic shares fall more than 20% despite deposit infusion, dragging down other regional banks
The losses come even after 11 other banks pledged to deposit $30 billion in First Republic as a vote of confidence in the company.Story Published at: March 17, 2023 at 04:02PM
Macron enrages France by forcing through pension bill with no vote. But few think he’ll be forced out
The French government faces a no confidence vote that it is expected to survive. Story Published at: March 17, 2023 at 02:50PM
UK backs Rolls-Royce project to build a nuclear reactor on the moon
Rolls-Royce is set to work with a range of organizations on the project. Story Published at: March 17, 2023 at 11:33AM
Credit Suisse sheds another 5% as traders digest emergency liquidity
Credit Suisse shares opened down 5% Friday after soaring over the previous session.Story Published at: March 17, 2023 at 09:43AM
Baidu says it can now operate robotaxis in Beijing with no human staff inside
The government approval initially covers 10 vehicles in the Beijing suburb of Yizhuang, which is home to many corporations such as JD.com.Story Published at: March 17, 2023 at 06:46AM
From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head
Credit Suisse received a liquidity lifeline from the Swiss National Bank on Wednesday after its share price plunged to an all-time low.Story Published at: March 17, 2023 at 06:40AM
You’ve heard about the 4-day workweek — but what about the 9-day fortnight?
Many businesses still face obstacles when considering a move to the four-day work week. Other working patterns like the nine-day fortnight could be a middle ground. Story Published at: March 17, 2023 at 06:39AM
Fitch says banks in Asia are resilient to risks seen in U.S. bank failures
Asia-Pacific banks are “resilient to risks” highlighted by failures seen in U.S. banking sector, Fitch Ratings said Thursday.Story Published at: March 17, 2023 at 05:32AM
Microsoft tries to justify AI’s tendency to give wrong answers by saying they’re ‘usefully wrong’
Current AI technologies like ChatGPT can often produce inaccurate responses, which presents a problem as Microsoft adds AI to Word, Excel, and other products.Story Published at: March 16, 2023 at 06:42PM