Geneva, Switzerland -- The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across the world, the SonntagsZeitung weekly reported on Sunday.The takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown,...

The country sees 3.6 million eviction cases filed in a typical year, said Peter Hepburn, associate director of Eviction Lab at Princeton University. But that number slowed to a trickle during the pandemic. Now, with Covid-era legal protections and assistance lifted, it is surging again, Eviction Lab's figures show.

Washington, United States--President Joe Biden on Friday called for Russia to release Wall Street Journal reporter Evan Gershkovich, who is being held on espionage charges, while rebuffing a call from the paper's editorial board to expel Russian journalists from the United States.Asked by White House reporters what his message was to...

Abu Dhabi, UAE -- The Central Bank of the UAE Friday revoked the license of Russia's MTS Bank's, which was granted last year.The bank said that under its supervision, the operations of MTS bank, which is licensed in Abu Dhabi, would be wound down within six months. Revocation of MTS's...

Its net profit recorded a drastic drop to US$5.2 billion.

Two weeks after President Recep Tayyip Erdogan publicly backed its bid, Turkish lawmakers unanimously supported Finland's membership of the US-led defense alliance after the Russia's invasion of Ukraine. Turkey was the final NATO nation to ratify the Nordic country's accession, which NATO chief Jens Stoltenberg said will make the "NATO...

Riyadh, Saudi Arabia -- Saudi Arabia has agreed to join the Shanghai Cooperation Organization as a "dialogue partner", state media reported on Wednesday, the latest indication of closer political ties with China.The Shanghai Cooperation Organization was established in 2001 as a political, economic and security organization to rival Western institutions.Besides China,...

The Senate report "describes legacy issues, some from a decade ago," which the bank has sought to address by implementing extensive enhancements "to root out individuals who seek to conceal assets from tax authorities," it said.

Palaeontologist Thomas Holtz terms it "misleading" to combine multiple real bones from different individuals to create a single skeleton.

A fire believed to have been started by migrants protesting against their deportation killed at least 38 people at a Mexican immigration detention center near the US border, authorities said Tuesday, prompting demands for justice. UN Secretary-General Antonio Guterres called for a "thorough investigation" into the fire.

Washington, United States--US lawmakers accused regulators Tuesday of failing to do enough to prevent the collapse of Silicon Valley Bank earlier this month, despite knowing it was over-exposed to the risk of rising interest rates.The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about...

The charge sheet accuses Binance of failing to uphold standards that are required of a company operating as a derivatives market and dealing with major US trading companies. Since July 2019, "Binance's compliance program has been ineffective," the statement said.

The White House said commercial spyware poses a distinct intelligence threat to the United States and has been found on the phones of 50 US officials overseas. In addition, a number of foreign governments have used it "to facilitate repression and enable human rights abuses."

Moscow, Russia--Russian President Vladimir Putin said Saturday he would deploy tactical nuclear weapons in neighbour and ally Belarus, bringing the arms to a country at the gates of the European Union.Putin has previously issued thinly veiled warnings that he could use nuclear weapons in Ukraine if Russia were threatened, reviving Cold...

The Britain-based Observatory, which has a wide network of sources on the ground, said 19 people were killed in the first wave of US strikes: three Syrian soldiers and 16 members of Iran-backed militias. After the strikes, Biden sought to lower the temperature saying the US "does not seek conflict...

Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an interview on the role of technology in education.

Ottawa, Canada--US President Joe Biden on Friday said he believed China has not sent arms to Russia after President Vladimir Putin's forces invaded Ukraine."I've been hearing now for the past three months (that) China is going to provide significant weapons to Russia... They haven't yet. Doesn't mean they won't, but they...

Face-to-face talks between Biden and Trudeau covered a range of areas where both sides are pushing for improvements. A joint statement said that Biden and Trudeau agreed to modernizing their countries' joint air defense alliance, NORAD, with Canada putting billions of dollars into improved radar and fighter aircraft infrastructure.

New Delhi, India--India's Patent Office rejected on Thursday US pharmaceutical giant Johnson and Johnson’s application to extend its patent on a key  tuberculosis treatment, allowing local companies to make cheaper generic versions.India accounted for nearly 29 percent of 10.6 million tuberculosis cases worldwide, according to the World Health Organization’s (WHO) 2022...

Defense Secretary Lloyd Austin said Thursday that at the direction of President Joe Biden, he had authorised "precision airstrikes tonight in eastern Syria against facilities used by groups affiliated with Iran's Islamic Revolutionary Guard Corps." When the strikes were announced, Biden had already travelled to Canada, where he is set...

Putin called the talks with Chinese president "meaningful and frank" and said that Russia, which has been largely cut out of European markets because of sanctions, would be able to meet China's "growing demand" for energy. Xi's trip coincides with a surprise visit to Kyiv by Japanese Prime Minister Fumio...

The inaugural $600m sukuk saw orders of over $2.2 billion.

Donald Trump called on his supporters to "protest, take our nation back", as he expects to be arrested over an alleged hush-money payment made to a porn star in 2016. Amid growing signs of prosecutors moving closer to an indictment, the 76-year-old billionaire said on his Truth Social platform that...

The Swiss National Bank (SNB) and financial markets watchdog FINMA told their US and British counterparts their "plan A" to stop the crisis of confidence facing Credit Suisse was to merge it with UBS, the FT reported Friday, citing unnamed sources. The Swiss central bank "wants the lenders to agree...

NEW YORK, US - The United Nations Security Council Friday unanimously adopted two resolutions tabled by the UAE and Japan about Afghanistan.The first resolution will extend the mandate of the United Nations Assistance Mission in Afghanistan (UNAMA) for an additional 12 months, enabling it to continue its work on promoting...

Since the beginning of his administration in 2021, President Joe Biden has urged Congress to revoke the 1991 and 2002 AUMFs. In a statement Thursday on the revocations of the 1991 and 2002 AUMFs, the Biden administration said the president is ready to work with Congress to replace other "outdated...

The ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security. Western powers, including the European Union and the United States, have been taking an increasingly tough approach to the app, citing fears that user data could be used or abused...

The initial conversation between Xi and Mohammed bin Salman took place during bilateral talks at a summit in Riyadh in December, an official told AFP. Several other meetings also laid the groundwork for last week's talks in Beijing, the official said.

Global markets have been rattled by the collapse of tech sector lenders Silicon Valley Bank and Signature, which forced US authorities to intervene at the weekend to prevent contagion. After a rebound on Tuesday, equities fell again on Wednesday, with European indices tumbling by more than three percent.

Riyadh, Saudi Arabia -- As uncertainty in the global economy is limiting clarity about the outlook for oil markets, the OPEC+ should stick to the production pact agreed last October, Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman has said.SPA reported that Prince Salman said that sticking to the October...

Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and major powers in 2018. Saudi Arabia, a longtime US ally, has said it supports the sanctions, which target key areas, including oil.

Western fashion was once largely taboo in Saudi Arabia, but with the kingdom undergoing great social changes, a designer is welcomed home to mentor its Fashion Commission.

The firm also announced 5,000 other roles would remain unfilled.

US consumer inflation edged down in February but remains elevated, according to government data, adding pressure to the Federal Reserve as it balances its inflation fight with financial stability concerns. The central bank has been on an aggressive campaign to tame inflation, raising interest rates eight times since early last...

Washington, United States--President Joe Biden sought to reassure Americans over the country's financial system Monday as more US banks and leading European lenders were hammered amid contagion worries.Silicon Valley Bank -- a key lender to startups across the United States since the 1980s -- collapsed after a sudden run on deposits,...

The Chinese government’s desire to avoid making the same mistakes other governments and central banks have made has driven inflation to a four-decade high. Development consumers are now suffering the consequences as central banks increasingly apply their interest rate weapon to bring inflation under control, he adds.

Just days ahead of the 20th anniversary of the US-led invasion that resulted in war, chaos, and political instability, Iraq's Prime Minister Mohammed Shia al-Sudani said that his government had prepared a three-year budget for the oil-dependent economy traditionally plagued by budgetary delays. The bill will include financial aid to...

Brussels, Belgium - The European Union must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said on Monday, as Brussels prepares plans to stimulate the green economy.The European Union is racing to make Europe more attractive for the companies that could be tempted by...

TEHRAN, IRAN - Iran's top diplomat on Sunday said "everything is ready" to implement a stalled prisoner exchange deal with the United States, which Washington promptly denied as a "cruel lie".At least three US citizens are held in the country's prisons, according to Iran's judiciary and the US State Department."We have...

New York, United States -- Silicon Valley Bank's stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and their private equity backers, raising fears of a wider tech sector fallout.The company, whose website says it is "the financial partner of the innovation economy,"...

More than 50 boys aged 11-17, some with parents hailing from Britain, France, Germany or the United States, live at the heavily guarded Orkesh rehabilitation center near the city of Qamishli, close to the Turkish border. Opened six months ago, it is the first facility seeking to rehabilitate foreign boys in...

NEW YORK, US -  Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met UN Secretary General António Guterres and underscored  the UAE’s commitment of deepening cooperation with the world body on climate action.Guterres expressed his deep appreciation for the cooperation of the UAE’s...

SAN FRANCISCO, US - Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in a project seen as a potential rival to embattled Twitter.Since billionaire Elon Musk's takeover of Twitter in October, the influential website has suffered outages, layoffs and seen advertisers flee the...

WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al Jaber met with key US government leaders at the White House to discuss global climate issues. During the meeting on Thursday, which was convened by US Special Presidential Envoy for...

The 47-year-old ship has not been serviced since Yemen's devastating civil war broke out in 2015 and was left abandoned off the rebel-held port of Hodeida, a critical gateway for shipments into the country heavily dependent on emergency foreign aid. UN officials have voiced fears that the ship would crumble,...

President George W. Bush's war, launched in the aftermath of the 9/11 attacks, is seared in memory for its "shock and awe" strikes, the toppling of a giant Saddam statue, and the years of bloody sectarian turmoil that followed. The US forces, backed mainly by British troops, never found the...

Delay has had no effect on its annual financial statement.

Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt the Federal Reserve to ramp up interest rate hikes. Markets were rocked this week by Fed chief Jerome Powell's warning that interest rates could rise should the economy show no...

TikTok executives said the company was working with a third-party European security company to oversee and check how it handles European users' data, which will be stored at two centers in Dublin and one in Norway from 2023 onwards. European users' data are currently stored in the United States and...

The pushback was "predictable", said Khaled al-Montasser, a professor of international relations at the University of Tripoli, as elections would see members of both chambers potentially lose their seats and privileges. Despite the rivalry between them, both view the UN initiative as "interference in their sovereign decision-making power and an...