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Switzerland

UBS to Buy Credit Suisse for $3.24B in Govt-brokered Deal

UBS to Buy Credit Suisse for $3.24B in Govt-brokered Deal

On Sunday, UBS, Switzerland's largest bank, agreed to buy Credit Suisse for approximately $3.24B ($3B Swiss francs) in a deal that contains $108B ($100B Swiss francs) in liquidity assistance from the Swiss central bank....

Dow Jones Falls as Credit Suisse Shares Plummet

Credit Suisse shares hit a record low on Wednesday as European banks reel amid investor concerns in the wake of Silicon Valley Bank’s (SVB) collapse last week. The bank’s shares fell by as much as 30.8%, driving a 7% fall in the European banking index....

Former Italian PM Conte Investigated Over COVID Response

Former Italian PM Conte Investigated Over COVID Response

Italian prosecutors from Bergamo, a city in the Lombardy province worst hit during the first wave of COVID, are investigating former PM Giuseppe Conte, former health minister Roberto Speranza, and 17 others under suspicion of 'aggravated culpable epidemic' and manslaughter related to their pandem...

Spain Approves Teen Abortion, Menstrual Leave, and Trans Laws

Spain Approves Teen Abortion, Menstrual Leave, and Trans Laws

On Thursday, the Spanish legislature amended and passed two laws that bolster transgender and abortion rights and made Spain the first nation in Europe to offer workers paid menstrual leave....

Cyprus: Former Foreign Minister Christodoulides Elected President

Cyprus: Former Foreign Minister Christodoulides Elected President

Center-right independent Nikos Christodoulides was voted on Sunday to be the president of Cyprus, beating left-wing independent Andreas Mavroyiannis with a majority of 51.9% in a run-off election....

Australian Study: Lung Protein May Prevent COVID

Australian Study: Lung Protein May Prevent COVID

According to a University of Sydney study published in the journal PLOS Biology on Friday, a protein produced in the lungs called LRRC15 can stick to the COVID virus to form a natural protective barrier to block infection, which could explain why different people suffer from different severities ...

Credit Suisse: Swiss Prosecutors Begin Case Over Dirty Money Leak

Credit Suisse: Swiss Prosecutors Begin Case Over Dirty Money Leak

Switzerland's Office of the Attorney General (OAG) on Thursday announced it had opened a case into last year's massive data leak of Credit Suisse's account records, which a media investigation alleged had showed the bank held more than $8B in illicit funds....