By Noele Illien and John Revill BERN (Reuters) -A Swiss parliamentary investigation into the role played by state institutions in the collapse and emergency rescue of Credit Suisse will take 12 to 15 months to complete, its president said on Thursday. UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.48 billion) in…
By Gayatri Suroyo, David Brunnstrom and Simon Lewis JAKARTA/WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken held “candid and constructive” talks with top Chinese diplomat Wang Yi on Thursday in Indonesia’s capital, an official said, the latest in a series of interactions Washington says are aimed at managing competition between the rival superpowers. In…
By Vera Eckert and Susanna Twidale FRANKFURT/LONDON (Reuters) – Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership. Previous auctions have been won by consortia, as happened in…
DUBAI (Reuters) – Jordan’s foreign minister on Thursday called on the United Nations’ World Food Programme (WFP) to reverse a decision to cut food subsidies to Syrian refugees by Aug. 1. The WFP office in Amman told Reuters that an “unprecedented funding crisis” had forced it to cut food help for 50,000 out of some…
By Matteo Allievi and Shreyashi Sanyal (Reuters) -European shares closed higher on Thursday led by technology stocks, as hopes grew that the Federal Reserve’s post-pandemic tightening cycle was close to an end due to cooling U.S. inflation. The pan-European STOXX 600 index ended 0.6% higher, extending gains to the fifth straight day, its longest winning…
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday. The survey on nine “superstar” cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai…
WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed director of the department’s Financial Crimes Enforcement Network (FinCEN), Treasury Secretary Janet Yellen said on Thursday. Gacki, who has headed the Office of Foreign Assets Control (OFAC) since 2019, “guided the office through major world…
PRISTINA (Reuters) – Fistfights broke out at the Kosovo parliament and water was thrown on the prime minister after a heated three-day public debate over an audio recording between a ruling party member and an official from the Serb-majority north. Kosovo’s opposition has long accused nationalist Prime Minister Albin Kurti’s handling of tensions in the…
By Corina Pons MADRID (Reuters) – Spain’s postal service said it had enough staff to handle the country’s largest ever postal vote for snap elections due on July 23, as a union leader said it needed to hire more to ensure no one was at risk of being disenfranchised. Two and a half million out…
(Reuters) -Haleon, the world’s biggest standalone consumer health business, is planning to cut hundreds of roles in the UK and potentially thousands worldwide, the Guardian reported on Thursday. The company behind the Sensodyne toothpaste and Advil painkillers was spun off from GSK last year and has more than 24,000 staff globally. Staff were informed about…
