UBS emerged as Switzerland’s one and only global bank, a risky bet that makes the Swiss economy more dependent on a single lender. Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern.
Russian President Vladimir Putin will expect Chinese President Xi Jinping to show solidarity against Western hegemony when he arrives in Moscow today, while Xi will present China as a global peacemaker intent on brokering an end to the Ukraine war. Putin, quoting Confucius, has heaped praise on Xi.
A lawyer called to testify behind closed-doors in New York today may challenge the claims of a key witness before a grand jury decides whether to charge former President Donald Trump over hush money paid to a porn star, a source familiar with the matter told Reuters.
President Emanuel Macron faces a critical moment today as the French National Assembly is due to vote on no-confidence motions filed after his government bypassed parliament to push through an unpopular rise in the state pension age.
A supporter of former Pakistani Prime Minister Imran Khan walks with a riot shield used by the police during a clash outside the federal judicial complex in Islamabad, March 18, 2023. REUTERS/Akhtar Soomro
Police in Pakistan have arrested dozens of supporters and aides of former Prime Minister Imran Khan in raids in two cities as part of a crackdown on those involved in recent clashes with the security forces.
Israeli Prime Minister Benjamin Netanyahu announced a softening of his hard-right government's judicial overhaul plan, an apparent bid to calm more than two months of unprecedented nationwide protests and misgivings voiced by Western allies.
Police in Kenya's capital Nairobi fired tear gas to disperse hundreds of people protesting against President William Ruto over the high cost of living and claims of cheating in last year's election.
A former U.S. Marine Corps pilot may have been "lured" from China to Australia by security agencies before his arrest, his lawyer said after a court hearing in Sydney. Daniel Duggan is facing extradition to the United States on charges of breaking U.S. law by training Chinese military pilots to land on aircraft carriers.
Finding himself lonely and bored during the pandemic, Travis Butterworth turned to Replika, an app that uses artificial-intelligence technology similar to OpenAI's ChatGPT. He designed a female avatar with pink hair and a face tattoo, and she named herself Lily Rose.
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