Analysis: Credit Suisse collapse threatens Switzerland’s wealth management crown
The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling into question its
Potential TikTok ban sends advertisers scrambling
Advertisers are seeking any assurances from TikTok, the viral app that helped usher in a wave of short-form video across social media, as the Chinese-owned
First Republic shares fall as Yellen says not considering ‘blanket insurance’ on bank deposits
A “bull case” scenario for the shares of beleaguered First Republic Bank as it considers its options became more difficult on Wednesday after Treasury Secretary Janet
Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.
Accenture cuts jobs, trims forecasts on worries of lower IT spending
Accenture Plc lowered its annual revenue and profit forecasts and said on Thursday it would cut about 2.5% of its workforce, the latest sign that
TikTok CEO to face tough questions amid calls for U.S. ban
TikTok’s chief executive will face tough questions on Thursday from lawmakers who are convinced the Chinese-owned short video app should be barred for being a
Indian court orders Rahul Gandhi to two years in jail for Modi comment
A lower court in India sentenced opposition leader Rahul Gandhi on Thursday to two years in jail on charges of defamation for a 2019 speech
How Europe can jointly issue debt without direct transfers
Debt mutualisation is a politically complex and sensitive topic. Advocates argue that it lowers debt service costs and could enhance incentives for compliance with fiscal
Unlocking the promise of services-led growth
Structural transformation in the past three decades has been driven by a fast-growing services sector, which has outpaced the manufacturing sector in many developing economies.
Google suspends China’s Pinduoduo app on security concerns
Alphabet Inc’s Google suspended the Play version of PDD Holdings Inc’s Pinduoduo app for security concerns, after malware issues were found on versions of the Chinese e-commerce
