Business

Photo: Jakub Porzycki/NurPhoto via Getty Images

Completion of UBS deal to buy Credit Suisse overshadowed by bond risks

In a package orchestrated by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs (USD 3.23 billion) for Credit Suisse.  see more
Business 08:29
Photo: Dimitrios Kambouris/Getty Images

Warren Buffett in contact with Biden team on banking crisis

Buffet also offered broad advice on how to deal with the financial situation, according to the report.   see more
Business Sun, 22:01
Photo:Jakub Porzycki/NurPhoto/Getty Images

TikTok’s Chinese parent ByteDance has another popular app worldwide

The Biden administration has addressed concerns over the Chinese social media company’s threats to U.S. national security.  see more
Business Sun, 18:32
Photo: Arnd Wiegmann/Getty Images

UBS makes USD 1 billion bid for Credit Suisse, Financial Times reports

The proposed all-share deal between Switzerland's two biggest banks is set to be signed as soon as Sunday evening.  see more
Business Sun, 14:06
Photo: NurPhoto/ GettyImages

OpenAI develops USD 25,000 company with help of human liaison

People asked GPT-4 to create a business out of USD 100 and a human liaison that would perform real-world tasks assigned by the AI.  see more
Business Sat, 13:08
Photo: Getty Images

Credit Suisse weighs options as merger with UBS looms

Swiss regulators are encouraging UBS and Credit Suisse to merge but neither bank is interested.   see more
Business Sat, 10:26
Photo: Anadolu Agency/ GettyImages

EC approves OSGE, a step closer to developing nuclear energy in Poland

OSGE’s mission is to deploy a fleet of small modular nuclear reactors that will contribute towards Poland’s energy independence.  see more
Business Fri, 14:07
Photo: Getty Images

Two bird flu vaccines prove effective in Dutch lab

This was first such an experiment conducted under a controlled environment.   see more
Business Fri, 13:35
Photo: Getty Images

Bank rescues in U.S. temporarily ease crisis fears

Large U.S. banks injected USD 30 billion in deposits into First Republic Bank on Thursday.   see more
Business Fri, 09:53
Marek Solon-Lipiński, Director of International Relations at TVP Polish Public Broadcaster. Photo: PAP/Paweł Supernak

TVP manager elevated to EBU CEE Group co-ordinator

Central European Group (CEE Group) brings together public television and radio broadcasters from over 20 countries within the region.   see more
Business Thu, 15:55
Photo: Getyt Images

Credit Suisse secures USD 54 bn lifeline to shore up liquidity

The Zurich-based bank’s announcement helped reverse some of the heavy share market losses.   see more
Business Thu, 10:13