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 14:20
Australian gig workers to get right to negotiate minimum pay, conditions
By Lewis Jackson SYDNEY Australian gig workers will be able to negotiate for minimum pay and conditions under
2023-08-31 13:55
Japan's defense ministry requests nearly 12% budget increase to bolster military's strike capability
Japan's defense ministry is requesting a nearly 12% budget increase that includes two warships with advanced radar and long-range cruise missiles
2023-08-31 13:55
Fed warned Goldman's fintech unit on risk, compliance oversight -FT
A division of Goldman Sachs' transaction banking business (TxB) has stopped signing on riskier financial technology clients after
2023-08-31 13:47
China's Baidu makes AI chatbot Ernie Bot publicly available
Chinese search engine and artificial intelligence firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public
2023-08-31 13:46
Euro bounces on inflation while dollar braces for jobs
By Tom Westbrook SINGAPORE The euro stood by a 15-year high on the yen on Thursday in anticipation
2023-08-31 13:23
Thai July factory output falls more than forecast as exports slump
BANGKOK Thailand's factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a
2023-08-31 12:59
Newsom plans to transform San Quentin State Prison. Lawmakers and the public have had little input
California Gov. Gavin Newsom is planning to spend $360 million demolishing a sprawling former furniture factory at San Quentin State Prison and replacing it with something reminiscent of a college campus
2023-08-31 12:54
UBS reports second-quarter profit of $28.875 billion
ZURICH UBS Group on Thursday reported $28.875 billion in net profit attributable to shareholders for the second quarter,
2023-08-31 12:51
Mexico central bank lauds economy's resiliency but rate cut discussion 'not on the table'
By Brendan O'Boyle MEXICO CITY Mexico's central bank raised its economic growth forecasts for 2023 and 2024, citing
2023-08-31 12:50
Travelers hoping to enjoy one last summer fling over Labor Day weekend should expect lots of company
If you're squeezing in one last summer trip over the Labor Day weekend, expects lots of company
2023-08-31 12:20
California panel to vote on increasing storage at site of worst US methane leak despite risks
A proposal to vastly increase natural gas storage at the site of the nation’s largest-known methane leak is prompting opposition from California lawmakers
2023-08-31 12:16