UBS to buy Credit Suisse in $3.3 Billion deal to end crisis
The Swiss National Bank is offering a 100 billion-franc liquidity assistance to UBS while the government is granting a 9 billion-franc guarantee for potential losses from assets UBS is taking over. Regulator Finma said about 16 billion francs of Credit Suisse bonds, known as AT1s, will become worthless to ensure private investors help shoulder the costs.
UN releases 'survival guide' to avert climate disaster
Clean energy and technology can be exploited to avoid the growing climate disaster, the report says.
But at a meeting in Switzerland to agree their findings, climate scientists warned a key global temperature goal will likely be missed.
But at a meeting in Switzerland to agree their findings, climate scientists warned a key global temperature goal will likely be missed.
Japan PM Kishida announces new Indo-Pacific plan in India
India and Japan share strong economic ties. Trade between the two was worth $20.57 billion in fiscal year 2021-2022.
The Japanese investments in India touched $32 billion between 2000 and 2019. Japan has also been supporting infrastructure development in India, including a high-speed rail project.
The Japanese investments in India touched $32 billion between 2000 and 2019. Japan has also been supporting infrastructure development in India, including a high-speed rail project.
43,000 estimated dead in Somalia drought last year - Report
Somalia and neighboring Ethiopia and Kenya are facing a sixth consecutive failed rainy season while rising global food prices complicate the hunger crisis.
The U.N. and partners earlier this year said they were no longer forecasting a formal famine declaration for Somalia for now but called the situation "extremely critical" with more than 6 million people hungry in that country alone.
The U.N. and partners earlier this year said they were no longer forecasting a formal famine declaration for Somalia for now but called the situation "extremely critical" with more than 6 million people hungry in that country alone.
EU greenlights €2 billion ammunition deal for Ukraine
Ukraine has told the EU it wants 350,000 shells a month to help its troops hold back Moscow's onslaught and allow them to launch fresh counter-offensives later in the year.
Foreign and defence ministers meeting in Brussels are expected to agree on a multipronged initiative aimed at providing Ukraine with one million shells in the next year and replenishing their own stocks.
Foreign and defence ministers meeting in Brussels are expected to agree on a multipronged initiative aimed at providing Ukraine with one million shells in the next year and replenishing their own stocks.
Gulf Clan: Colombia suspends ceasefire with drug cartel
"From this moment, there is no ceasefire with the Gulf Clan. The security forces need to act immediately against the structures of this mafia organisation," wrote President Petro.
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