By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH (Reuters) – Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. In the first criminal trial of a major bank in Switzerland, Swiss prosecutors are seeking around…
BRUSSELS (AP) — Several world leaders lined up Monday to walk a diplomatic tightrope that could mean the difference between war in Ukraine and an uneasy peace there as Russia’s menacing actions on the border of its neighbor continued unabated. Here’s a look at what is happening where and why: FROM MOSCOW TO WASHINGTON Russian…
Frontier Airlines and Spirit Airlines are proposing to combine in a $2.9 billion deal that would create a larger discount airline to compete against the nation’s dominant carriers and, they say, promote lower fares. Both are ultra-low-cost carriers that tempt travelers with rock-bottom prices for no-frills service but often generate more than their share of…
(Reuters) – U.S. low-cost carriers Spirit Airlines and Frontier Group Holdings announced a merger agreement on Monday in a deal that values Spirit at a fully diluted equity value of $2.9 billion. The transaction value of the deal is $6.6 billion when accounting for the assumption of net debt and operating lease liabilities, the companies…
Joe Rogan has put Spotify in a tough spot, but the streaming giant is not ready to part ways with the popular podcast host despite intense criticism over his anti-coronavirus vaccine comments and use of racial slurs. Spotify CEO Daniel Ek also said in a message to employees Sunday that Rogan’s racist language was “incredibly…
BERLIN (AP) — Talks to revive Iran’s tattered 2015 nuclear deal with world powers are resuming on Tuesday after breaking off for a bit over a week for diplomats to return home for consultations. The European Union, which chairs the talks in Vienna, announced the resumption on Monday. The United States pulled out of the…
By Makiko Yamazaki TOKYO (Reuters) – Toshiba Corp said it now aims to break up into two companies instead of three, while also unveiling a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of…
LONDON (Reuters) – Rapid action is needed to update how cross-border financial services are scrutinised and consumers protected as the sector becomes digitalised with “Big Tech” playing an increased role, European Union regulators said on Monday. People are using smartphones to buy and sell shares, move money around bank accounts and make payments, a trend…
LONDON (Reuters) – Danish pension fund AkademikerPension said on Monday it was selling its stake in budget airline Wizz Air over alleged “human and labour rights abuses” towards its workers. The $23 billion fund was one of 14 investors that called on Wizz in December to allow employees to form and join trade unions, saying…
LONDON (Reuters) – The euro dipped on Monday after a surge last week that followed the hawkish turn from the European Central Bank, as traders turned to the dollar, betting the jump in U.S. jobs created in January could lead to faster U.S. Federal Reserve rate hikes. The European common currency dropped 0.2% to as…
