Containers of Johnson’s baby powder made by Johnson and Johnson are displayed on a shelf on July 13, 2018 in San Francisco, California. Justin Sullivan | Getty Images Johnson & Johnson on Tuesday said it will pay $8.9 billion over the next 25 years to settle allegations that the company’s […]
CNBC
Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
The Credit Suisse logo seen displayed on a smartphone and UBS logo on the background. Sopa Images | Lightrocket | Getty Images Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA […]
The EV industry is gaining momentum. But public charging is a long way from being accessible to all
Electric vehicles will play a critical role in slashing transport-related emissions in the years ahead. Momentum behind the industry is building, with a number of big economies gearing up for the mass rollout of EVs and sales of electric cars hitting 6.6 million in 2021, a record, according to the International Energy Agency. […]
UBS holds first shareholder meeting since controversial Credit Suisse takeover
Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann | Afp | Getty Images UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop, following its takeover of fallen […]
Europe’s relationship with China reaches critical juncture after Xi-Putin meeting
Chinese President Xi Jinping and French President Emmanuel Macron are meeting this week. Pool | Getty Images News | Getty Images European officials are traveling to China in the hope of persuading Beijing to denounce Russia’s invasion of Ukraine and cool its recent kinship with the Kremlin. The 27-member bloc […]
Think it’s too late to switch jobs? Tell that to ‘Asia’s best female chef’
Johanne Siy walked into her first culinary job interview in four-inch heels. She had just come from her high-flying corporate job and like any other candidate, she put her best foot forward. “The floor was so slippery. Everyone was just watching me and in their minds they were probably judging […]
Egypt’s pound is among the worst performing currencies in 2023. And it’s expected to plummet further
A photo of one hundred Egyptian pound, one hundred U.S. dollars against the pyramids of Giza in Egypt on January 17, 2023. Fadel Dawod | Getty Images The Egyptian pound has plunged almost 20% against the greenback since the start of the year — with some analysts predicting that the […]
Most countries want tourists back — but Amsterdam is telling these visitors to ‘stay away’
Some places are wooing visitors by waiving visa requirements and giving out air tickets. But Amsterdam has a problem with too much tourism — and now it’s telling some visitors, namely British male tourists aged between 18 and 35, to “stay away” if they’re traveling to the city for drugs […]
Cuba’s losses in case of Castro-era debt open it up to more lawsuits
A woman walks past a graffiti of the Cuban flag in Havana, on May 31, 2022. Yamil Lage | AFP | Getty Images Cuba will likely face more — and costlier — lawsuits over billions of dollars’ worth of unpaid commercial debts from the 1980s after a decision Tuesday by […]
Cybercrime marketplace Genesis Market shut by FBI, international law enforcement
A seal reading “Department of Justice Federal Bureau of Investigation” is displayed on the J. Edgar Hoover FBI building in Washington, DC, August 9, 2022. Stefani Reynolds | AFP | Getty Images The FBI and other law enforcement agencies on Tuesday seized the domain names for Genesis Market, a cybercrime […]