Switzerland Creates 'Too Big to Fail' Rules to Make Banks Safer Following Credit Suisse Collapse

Switzerland Creates 'Too Big to Fail' Rules to Make Banks Safer Following Credit Suisse Collapse

Switzerland presented proposals for UBS, along with three other systemically relevant banks, to protect the country from a recurrence of the Credit Suisse collapse experienced last year.


UK to Spend Over £55 Million to Improve Facial Recognition Systems to Stop Shoplifting

The UK government is investing £55.5 million ($70 million) to improve facial recognition technology as part of a crackdown on shoplifting.

US Approves Ukraine's Emergency Request to Buy $138 Million Worth of Hawk Missile Parts, Repair Services

The US has approved Ukraine's emergency request to purchase spare parts and repair services for its HAWK missile systems.

China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.


Latest News

Russia, China Agree to Boost Economic and Security Ties to Counter US Dominance in Europe and Asia
Russia and China have announced plans to deepen their security cooperation in Asia and Europe to counter the US' attempts to exert dominance on these regions.
Russia's Oil-Gas Giant Zarubezhneft Seeks to Invest in Vietnam's Offshore Wind Power
Russian oil-gas giant Zarubezhneft expressed its interest in expanding its presence in Vietnam by venturing into offshore wind power projects.
Hong Kong officials confiscated an estimated $10.7 million worth of gold disguised as machine parts being shipped to Japan.
South Korea's President Yoon Suk Yeol said the government will invest 9.4 trillion won ($6.94 billion) in artificial intelligence (AI) by 2027 in a bid to maintain its global dominance in semiconductor chips.
Turkey announced that it has decided to suspend the export of certain products to Israel in light of the current invasion of Gaza.
Russia is reportedly considering Kazakhstan as a potential source of gasoline in the event of shortages aggravated by Ukrainian drone attacks on oil refineries.
Spain announced its intention to eliminate the program known as "golden visas," which grants residency permits to wealthy people from non-European Union countries who invest in real estate.
According to a new report, certain tech positions in Singapore experienced a significant increase in wages, reaching as high as 11%, despite the overall decline in tech salaries in 2023.
Some travelers had the incredible opportunity to witness the total solar eclipse from the sky, joining a fortunate few among the millions of people across North America who were captivated by this celestial event.
Google employees express strong opposition to the $1.2 billion contract with Israel. Google employees walk off the job to protest the company's handling of sexual misconduct claims, on November 1, 2018, in Mountain View, California.
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