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UBS completes takeover of Credit Suisse
UBS announced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of the world's most important banks.
Sergio Ermotti: George Clooney of Swiss banking tasked with mega-merger
Sergio Ermotti returned as chief executive of UBS to mastermind the merger with Credit Suisse -- an onerous task which begins in earnest on Monday after the takeover was finalised.
Stocks advance, dollar down as markets focus on rate calls
Major stock markets mostly advanced Monday, with all eyes on central banks this week and their latest decisions over interest rates as inflation remains high.
From property to TV, Berlusconi the entrepreneur
Silvio Berlusconi's career may have been dogged by scandal but he showed genuine innovation in building his real estate and media empires -- even if the late billionaire missed out on the digital revolution.
South Korea celebrates 10 years of K-pop megastars BTS
Fans of K-pop megastars BTS flocked to hotspots around Seoul on Monday to mark the supergroup's 10-year anniversary, with South Korea unveiling a special commemorative stamp series to celebrate.
Markets mostly up, traders move cautiously ahead of Fed decision
Most markets rose Monday but investors traded cautiously as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
Drought hits Bishkek, where taps are running dry
For the past month, Bishkek resident Kanychai Bakirova has lived with her family of 11, including young children, in a home with only a trickle of water running from the tap.
Markets mixed as traders move cautiously ahead of Fed decision
Investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
UBS set for 'bumpy' integration of Credit Suisse
UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
Asian traders tread cautiously ahead of Fed rate decision
Asian investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
Rescuers recount children's first words after 40-day jungle nightmare
"I'm hungry" and "my mom is dead" were the first words uttered by the four children missing for 40 days in the Colombian jungle when they were found, members of the rescue group said in a televised interview Sunday.
More details emerge on Colombia children's 40-day jungle nightmare
Details continued to emerge Sunday of the 40-day ordeal that four siblings in Colombia experienced after a plane carrying them crashed in the dense Amazon jungle, as their father and rescuers spoke to media about what the children recounted.
Major US highway collapses after tanker truck fire
An overpass on one of America's busiest highways collapsed early Sunday, caused by a tanker truck bursting into flames underneath it, authorities said.
Mother of rescued Colombia children survived four days after jungle crash
The mother of the four Indigenous children rescued after 40 days lost in the Colombian jungle remained alive for four days before succumbing to her injuries suffered in the May 1 plane crash, her widower said Sunday.
Mother of rescued Colombia children survived 4 days after jungle crash
The mother of the four Indigenous children rescued after 40 days lost in the Colombian jungle remained alive for four days before succumbing to her injuries suffered in the May 1 plane crash, her widow said Sunday.
EU considers aid to Tunisia to boost economy, reduce migrant flows
The European Union on Sunday said it is considering more than one billion euros in aid to boost crisis-hit Tunisia's economy and reduce the flow of irregular migrants across the Mediterranean Sea.
French town pays tribute to those who chased off knife attacker
Hundreds of residents of the French town of Annecy gathered Sunday to honour the people who rushed to stop a man accused of stabbing six people, including four toddlers, at a playground last week.
High inflation rattles UK home loan market
Britain's retail lenders are withdrawing fixed home-loan products, as elevated inflation sparks fears of more Bank of England interest rate hikes and worsens the cost-of-living crisis.
Israel reinvents kibbutz by embracing of new industries
Entrepreneurs are repurposing the Israeli kibbutz into hubs for creative and hi-tech industries, after decades of decline in the rural communities once considered models of socialism.
US capital sputters as federal workers stay home
Washington's role as the US capital makes it reliant on government workers for its economic success -- and many are choosing to stay home, perhaps for good, leaving vast federal offices empty and the city struggling.
Commute no more: US employees embrace telework
Commuting to and from the office five times a week?
'Children of the bush' lost for 40 days in Colombian Amazon found alive
Exhausted but happy, four Indigenous children who had been missing for more than a month in the Colombian Amazon rainforest were reunited with their relatives Saturday, in a happy ending to a nerve-racking saga that gripped the nation.
Mexican and Russian oil shipments ease Cuban fuel crisis
With oil tankers docking from Mexico and Russia in recent days, Cuba could see its severe fuel shortage ease for the near future.
Ukraine coal propped up by miners who fled Russian occupation
Ukraine's energy sector is under attack.
Somalia security forces end hotel siege claimed by Al-Shabaab
Somali security forces brought to an end the siege of a hotel in the capital Mogadishu, state media said Saturday, after the Islamist Al-Shabaab group claimed responsibility for the attack.
Women rule on the Greek island of Karpathos
"Here it is women who command!" declared Rigopoula Pavlidis, as she sang the virtues of her remote village on the island of Karpathos, one of Greece's rare matriarchal societies.
Children lost for 40 days in Colombian Amazon found alive
The four Indigenous children who had been missing for more than a month in the Colombian Amazon rainforest after a small plane crash have been found alive, President Gustavo Petro announced Friday.
Pakistan unveils $51 billion budget, with half to service debt
Pakistan's cash-strapped government unveiled a 14.5 trillion rupee (around $50.5 billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
Turkey's 'genius' central banker faces high expectations
"Brilliant Turk" or "the genius": Turkish media are gushing over new central bank governor Hafize Gaye Erkan, who soared through the ranks of US financial firms but now faces the monumental task of curbing inflation and stabilising the falling lira.
Macron says 'positive' news on children hurt in France knife attack
French President Emmanuel Macron on Friday said the health of the preschool children badly wounded in a mass knife attack by a Syrian refugee was "heading in the right direction", as police questioned the attacker.
Indonesia Indigenous group requests internet blackout
An Indigenous community in Indonesia has requested an internet blackout in their area to minimise the "negative impact" of the online world, officials said Friday.
Stock markets mixed awaiting key US rate decision
European stock markets dropped after gains in Asia Friday as investors awaited next week's crucial interest-rate decision from the US Federal Reserve.