When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of…
Category: Global Business News
Regulators seize First Republic Bank, sell to JPMorgan Chase
NEW YORK (AP) — Regulators seized troubled First Republic Bank early Monday and sold all of…
Congress Helped Set Stage For Silicon Valley Bank’s Failure, Federal Reserve Says
An investigation by the Federal Reserve hammers the “shift in the stance of supervisory policy” that…
Over 82pc of retirees back to work amid high inflation
More than 82 percent of senior citizens are working for basic needs amid financial struggles, raising…
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…