UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the country’s banking system and attempt to prevent a crisis spreading...
Britain's opposition Labour Party vowed on Thursday to reverse the government's planned pension changes, saying they were a giveaway to the top 1% of pension savers at a time when many households...
17/03/2023
Credit Suisse plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt, in an attempt to boost its liquidity and calm investors a day after the bank’s...
16/03/2023
Volkswagen is ramping up its investments in electric vehicles, committing €180bn over the next five years to manufacture its own batteries and expand in the world’s biggest markets in the US and...
15/03/2023
A US banking crisis is unlikely to deter the European Central Bank from increasing eurozone borrowing costs this week, but analysts expect rate-setters to be more reluctant to commit to another rise...
14/03/2023
A would-be buyer for the UK arm of failed U.S. lender Silicon Valley Bank (SVB) stepped forward on Sunday as British Prime Minister Rishi Sunak said his government was working to limit any fallout...
13/03/2023
Investors expect the European Central Bank to accelerate the shrinking of its balance sheet this summer, testing their appetite for eurozone sovereign debt as cash-strapped governments also turn to...
10/03/2023
France and the UK will on Friday aim to draw a line under years of post-Brexit tensions over everything from illegal migration to fishing licences, with the first bilateral summit for five years....
09/03/2023
Brussels plans to require EU governments to set electricity reduction targets and provide guarantees for long-term business contracts, as part of reforms to the bloc’s power market after the energy...
08/03/2023
A fresh wave of strikes hit France on Tuesday as labour unions vowed to bring the country to a standstill in an attempt to force President Emmanuel Macron to abandon his planned rise in the...
07/03/2023