More than 82 percent of senior citizens are working for basic needs amid financial struggles, raising…
Category: Global Business News
Inside Africa’s dollar drought
Several African countries have a shortage of US dollars – why this happens and how to…
Credit Suisse takeover hits heart of Swiss banking, identity
GENEVA (AP) — The UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its…
Corporates, personalities scramble to beat Twitter subscription deadline
Corporates and big personalities in Kenya are in a scramble to beat the April 1 deadline…
Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks,…
Banking giant UBS is acquiring smaller rival Credit Suisse
BERN, Switzerland (AP) — Banking giant UBS is buying its smaller rival Credit Suisse in an…
Big banks create $30B rescue package for First Republic
NEW YORK (AP) — Eleven of the biggest banks in the country announced a $30 billion…
Credit Suisse shares soar after central bank aid announced
GENEVA (AP) — Credit Suisse’s shares soared 30% on Thursday after it announced it will move…
Bank runs used to be slow. The digital era sped them up
NEW YORK (AP) — A bank run conjures images of “It’s a Wonderful Life,” with anxious…
Oil giant Saudi Aramco makes a historic $161B profit in 2022
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last…