By Oliver Hirt and Noele Illien (Reuters) – UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, according to a person familiar with the discussions. UBS could axe around 30% of its combined workforce,…
PRAGUE (Reuters) – The lower house of the Czech parliament gave strong backing to a defence treaty with NATO ally the United States on Wednesday in an initial reading, signalling the agreement would be ratified in the coming weeks or months. The Defence Cooperation Agreement (DCA) sets a framework for a potential U.S. military presence…
(This June 27 story has been corrected to say that Versanis drug was licensed from Novartis in paragraph 19) By Deena Beasley SAN DIEGO (Reuters) – New data on weight loss drugs that could compete with Novo Nordisk’s Wegovy are raising expectations there will soon be more options, and possibly lower prices, in an estimated…
HAVANA (Reuters) – The defense ministers of Cuba and Russia discussed the development of joint “technical military” projects this week at a meeting in Moscow, according to media reports and Russia’s defense ministry, just days after mercenaries marched towards the Russian capital. The longtime political allies – both subject to U.S. sanctions – have sharply…
By David Gauthier-Villars and Aram Roston (Reuters) – U.S. technology company Extreme Networks Inc said last year it had suspended all business activities in Russia to show solidarity with the people of Ukraine “living under attack.” But Reuters has found that, as the publicly-traded U.S. firm was unwinding its Russia operations, its most senior manager…
(Reuters) – Authorities in Kazakhstan have detained a Russian cybersecurity expert wanted by the United States, his employer said on Wednesday, as authorities in Moscow said they would also seek his extradition. Nikita Kislitsin, an employee of Russian cybersecurity firm F.A.C.C.T., was detained on June 22 and Kazakh authorities are considering Washington’s extradition request, the…
By Guy Faulconbridge, Lidia Kelly MOSCOW (Reuters) -Belarusian President Alexander Lukashenko said he persuaded Russian President Vladimir Putin not to “wipe out” mercenary chief Yevgeny Prigozhin, in response to what the Kremlin cast as a mutiny that pushed Russia towards civil war. Putin initially vowed to crush the mutiny, comparing it to the wartime turmoil…
WASHINGTON (Reuters) -The U.S. Justice Department will on Wednesday announce results of a nationwide health care fraud and opioid enforcement action against 87 people in 14 districts involving more than $2.6 billion in fraud, the department said in a statement. The announcement will take place at 11 a.m. (1500 GMT) at department headquarters, it said….
LONDON (Reuters) – Oscar-winning actor Kevin Spacey appeared in a London court on Wednesday at the start of his four-week trial on a dozen sex offence charges. Spacey, 63, denies allegations of historic offences committed against four men which are said to have taken place between 2001 and 2013. The charges against Spacey include repeated…
By Jessie Pang HONG KONG (Reuters) – Two years after screening an internationally acclaimed documentary on the democracy movement in Hong Kong, director Kiwi Chow has been forced to complete a new movie with fresh financing after political concerns scared off some investors. The fears spiked after Hong Kong adopted a new censorship law in…
