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 16:25
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
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 14:46
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
Baidu leads public rollout of AI chatbots in China
Tech giant Baidu launched China's first public artificial intelligence chatbot on Thursday, with ERNIE trained to censor highly sensitive topics for the ruling Communist Party...
2023-08-31 13:56
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
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
Turkey Economy Set for Post-Pandemic Low as Recession Risks Loom
Turkey’s economy probably slowed in the second quarter, with activity set to remain subdued for the rest of
2023-08-31 11:46
176 world leaders and Nobel laureates urge Bangladesh to halt legal cases against Peace Prize winner
More than 170 global leaders and Nobel laureates are urging Bangladesh to suspend legal proceedings against Muhammad Yunus, who was awarded the Nobel Peace Prize for pioneering the use of microcredit to help impoverished people
2023-08-31 11:15
Raimondo Revives China Business Talks But Delivers No Deals
US Commerce Secretary Gina Raimondo won a promise to revive business talks between Washington and Beijing, a key
2023-08-31 10:26
Xochitl Galvez to Fight AMLO’s Party for Mexico Presidency
Mexico’s opposition coalition will choose Xochitl Galvez as its presidential candidate to the 2024 election, pitting the strong-willed
2023-08-31 09:57
Paper Trail Reveals Secret Adani Investors, FT Reports
Potentially controversial owners of Adani stock were identified for the first time since short-seller Hindenburg Research alleged the
2023-08-31 08:48