Klarna Shrinks Losses With Sales Growth and Cost-Cutting
Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued
2023-08-31 16:51
Irish fuel duty and hospitality taxes to increase
The increases, which come into effect from midnight, follow a number of temporary reductions.
2023-08-31 16:46
UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts
Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks...
2023-08-31 16:24
Seven & I Seals Deal to Sell Department Stores for $1.5 Billion
Seven & i Holdings Co. has finalized the sale of its Sogo & Seibu Co. department store chain
2023-08-31 15:59
Shares in Swiss bank UBS hit highest since late 2008
MILAN Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that
2023-08-31 15:24
UBS Smashes Banking Record as It Absorbs Credit Suisse
UBS Group AG posted the biggest-ever quarterly profit for a bank in the second quarter as a result
2023-08-31 14:55
A fire kills 15 in a Philippine factory, where rains and a wrong address delayed firefighters
A fire has killed 15 people in a small apparel factory in a Philippine residential area, where flooding, traffic and a wrong address delayed firefighters
2023-08-31 14:53
Investors call on ISS to overhaul its net-zero proxy advice
By Tommy Wilkes and Simon Jessop LONDON More than 30 investors have called on proxy advisor ISS to
2023-08-31 14:53
UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts
Swiss bank UBS announced plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations, releasing its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown
2023-08-31 14:46
Visual artists fight back against AI companies for repurposing their work
Three visual artists are suing artificial intelligence image-generators to protect their copyrights and careers
2023-08-31 14:27
UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year.
2023-08-31 14:25
New China Map Draws Another Rejection, This Time From Manila
The Philippines doesn’t recognize Beijing’s latest standard map showing its expansive South China Sea claims, joining opposition from
2023-08-31 14:16