Credit Suisse Hires Deutsche's Joshi In Leadership Overhaul
Credit Suisse has hired Deutsche Bank's Dixit Joshi as chief financial officer and promoted Francesca McDonagh to chief operating officer as the Swiss lender's new boss overhauls the top ranks.
Ukraine Set To Restart Soccer League As War Rages On
As soon as the air raid sirens had stopped, Shakhtar Donetsk's players ran out onto the pitch for their final training session on Monday before Ukraine begins an extraordinary new season of its national soccer league.
Bangladesh To Cut School, Office Hours To Save Power
Bangladesh will close schools for one extra day a week and cut office timings by an hour to save power, a government official said on Monday, as the country battles a shortage after shutting down all of its diesel-run power plants.
Defense Opens Case In Sentencing Phase For Parkland School Shooter
Attorneys for Nikolas Cruz on Monday will begin making their case that the man who killed 17 people and wounded 17 others in a 2018 mass shooting at a high school in Parkland, Florida, should not be given the death penalty.
Erdogan's Plan To Manage Turkey's Economic Crisis Gets Summer Reprieve
A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit scheme have brought some relief for President Tayyip Erdogan's economic plan less than a year before tight elections.
End Of Singapore's Gay Sex Ban A 'Small Step' For Some LGBT Couples
Singapore's decision to lift a colonial-era ban on sex between men is long overdue and will not end discrimination of LGBT groups in the conservative city-state, rights activists and members of the gay community said on Monday.
Far-right Italian Leader Blasted For Posting Rape Video
Far-right leader Giorgia Meloni, leading the race to become Italy's next prime minister, was accused on Monday of shameful electioneering by her rivals after posting a video of a Ukrainian woman being raped by a migrant in an Italian city.
Analysis: As Drought Risks Rise, Investors Eye Thirsty Companies, Solutions
As droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem.
Cuban Entrepreneurs Hope For Room To Grow As The Government Ponders Reform
For those seeking proof that even modest foreign investment can help propel Cuba's fledgling entrepreneurs, look no further than Oscar Fernandez's Havana-based dried fruit business.
BOJ Seen Cutting Growth Forecasts On Soft Spending, Says Ex-central Bank Executive
The Bank of Japan will likely cut its economic forecasts at its next quarterly review in October, as slowing global demand and a resurgence in COVID-19 infections hurt exports and consumption, the bank's former top economist Seisaku Kameda said on Monday.
Analysis-Pope Visit To Italian City Spotlights Need For Rules On Ex-pontiffs
Pope Francis has quashed rumours that he plans to resign anytime soon but his planned visit next weekend to the Italian city of L'Aquila will underscore the Catholic Church's need to regulate the status of pontiffs who step down instead of ruling for life.
Factbox-Big Banks Expected To Rack Up More Than $1 Billion In Fines For WhatsApp Use
Banking giants such as JPMorgan Chase & Co and Bank of America collectively face more than $1 billion in regulatory fines for employees' use of unapproved messaging tools, including email and apps like WhatsApp.
Hiring And Data: How The U.S. Will Set Up New Medicare Drug Price Talks
The U.S. government will soon begin hiring experts and collecting the data needed to launch direct negotiations over prescription drug prices for older and disabled people, a top Biden administration official told Reuters.
U.S. To Spend More Than $500 Billion On Climate Over A Decade Under Three Laws, Study Says
The U.S. government will spend more than $500 billion on climate technology and clean energy over the next decade under three recently enacted laws, an analysis by non-profit RMI found.
U.S. Clinics Scramble As Courts, Politicians Battle Over Abortion Restrictions
With West Virginia's 1849 abortion ban tied up in court and its conservative legislature stymied over details of enacting a new one, the state's only abortion clinic ought to be operating as usual.
Indian Banks Issue More CDs To Secure Cheap Funding
Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said.
UK Inflation To Hit 18% In Early 2023, Citi Forecasts
British consumer price inflation is set to peak at 18% - nine times the Bank of England's target - in early 2023, an economist at U.S.
Kenya's First Female Chief Justice To Preside Over Election Petition
In a country once known for political interference in the judiciary, Kenya's Chief Justice Martha Koome is no pushover: she built her career defending dissidents, and this year her court torpedoed constitutional changes proposed by the president who appointed her.
Russia Fires Rockets At Areas Near Nuclear Plant, Kyiv Bans Independence Day Rallies
Russia fired rockets at towns to the west of Europe's largest nuclear power plant in southern Ukraine early on Monday while the capital Kyiv banned rallies this week to commemorate independence from Soviet rule for fear of Russian attacks.
Debt-laden Cineworld Stares At Possible Bankruptcy
Cineworld, the world's second-largest cinema operator, is staring at a possible bankruptcy filing as it struggles to cut debts that soared during the pandemic, it warned on Monday.
Kenya's Odinga To Challenge Presidential Poll Result In Court Today -lawyer
Kenya's veteran opposition leader Raila Odinga filed a challenge to the results of this month's presidential election in the Supreme Court on Monday, his legal team said, the latest twist in a political clash that has gripped East Africa's powerhouse.
Gulf Buy Now, Pay Later Firm Tamara Says It Raised $100 Million
Gulf buy now, pay later (BNPL) firm Tamara said on Monday it raised $100 million in a second round of fundraising from investors including Sanabil Investments, which is owned by Saudi Arabia's sovereign wealth fund PIF.
Iran Says US Delaying Revival Of 2015 Deal, Prisoner Swap Is Unrelated
Iran accused the United States on Monday of "procrastinating" in indirect talks aimed at reinstating Tehran's 2015 nuclear deal, and said a prisoner swap with Washington was not linked to the negotiations.
Analysis-China No Closer To Peak Coal Despite Record Renewable Capacity Additions
Though China is aiming to roll out record amounts of renewable capacity this year as decarbonisation elsewhere stalls, economic challenges mean Beijing is unlikely to tackle rising coal consumption ahead of schedule - and may hit a more painful peak.
Supporters Gather At Home Of Pakistan's Former PM Khan, Aiming To Foil Arrest
Hundreds of supporters of Pakistan's former prime minister, Imran Khan, gathered on Monday outside his hilltop mansion in the capital, vowing to prevent his arrest on anti-terrorism accusations, officials of his political party said.
Analysis-U.S. Stock Options Traders See Little Drama Around Fed's Jackson Hole Event
Federal Reserve policy has sparked big moves in markets this year, but options traders expect few fireworks around the central bank's annual symposium this week in Jackson Hole, Wyoming.
Forecast For Powell's Mountain Resort Trip: High Inflation, Limited Visibility
For workers hoping to hold onto wage gains and investors hoping to hang onto profits, Federal Reserve Chair Jerome Powell's remarks this week to a central banking conference in Wyoming will lay out what he expects to happen in an economy battling inflation while also, some fear, edging towards a recession.
Taiwan Touts 'Democracy Chips' In Meeting With U.S. State Governor
Taiwan wants to ensure its partners have reliable supplies of semiconductors, or "democracy chips", President Tsai Ing-wen told the governor of the U.S.
Exclusive-U.S. Commits To Afghan Asset Talks Despite Frustration With Taliban - Sources
U.S. President Joe Biden's administration will press ahead with talks on releasing billions of dollars in Afghanistan's foreign-held assets despite the late al Qaeda leader's presence in Kabul and foot-dragging by the Taliban and Afghan central bank, according to three sources with knowledge of the situation.
As U.S. Interest Rates Soar, Four Ways To Manage Credit Cards Now
Try holding your credit card up to your ear, real close. You might hear the soft tick, tick, tick of your interest rate going up.