Showing 1 - 10 of 155
UK water crisis pollutes privatisation legacy
AFP, Published on 11/07/2023
» LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.
Wells Fargo to pay $1bn to settle shareholder suit
AFP, Published on 16/05/2023
» NEW YORK: The US bank Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit by shareholders who accused it of not having changed its management and practices quickly enough after a series of scandals.
Fresh rout of US regional banks despite First Republic deal
AFP, Published on 03/05/2023
» NEW YORK: Shares of United States regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.
EU parliament approves world's most sweeping cryptocurrency rules
AFP, Published on 21/04/2023
» STRASBOURG, France: The European Parliament approved the world's first comprehensive rules to regulate the "Wild West" world of cryptocurrencies on Thursday, hoping to protect investors against abuse and manipulation.
Swiss prosecutors say investigating UBS-Credit Suisse merger
AFP, Published on 03/04/2023
» GENEVA - Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.
Crunch weekend for crisis-hit Credit Suisse
AFP, Published on 18/03/2023
» ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.
Facebook and Instagram to roll out paid subscription
AFP, Published on 20/02/2023
» SAN FRANCISCO: Facebook and Instagram owner Meta will launch a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter.
Credit Suisse posts biggest loss since 2008
AFP, Published on 09/02/2023
» GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.
US Fed set to slow rate hikes
AFP, Published on 01/02/2023
» WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.
IBM to cut 3,900 jobs as it reorganises business
AFP, Published on 26/01/2023
» NEW YORK: IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.