Finance
The UBS board, in bringing back Sergio Ermotti as chief executive, opted for someone who knows the bank well. Ermotti held the post from 2011 to 2020 and won acclaim for leading its recovery from the financial crisis. The 62-year-old, born in Switzerland, is a career banker, having worked at Citigroup, Merrill Lynch and UniCredit…
Pfizer CEO Albert Bourla speaks during the China Development Forum in Beijing on March 25, 2023. Lintao Zhang | Getty Images News | Getty Images BEIJING – American pharmaceutical giant Pfizer has signed an agreement with China to cooperate in improving the country’s health coverage, according to the company. “We are fully aligned with China’s…
(Bloomberg) — China’s central government is borrowing at the fastest rate ever to finance more spending and ease the debt burden on provinces. The amount of sovereign bonds sold this quarter, excluding maturing ones, reached 277 billion yuan ($40 billion), the highest level for the same period since 1997, when the ChinaBond official website reported….
Artificial intelligence offers new possibilities for how people work and leaves many observers nervous about what will happen to white-collar jobs. Ethan Mollick, professor of management at the Wharton School at the University of Pennsylvania, has closely followed developments in generative AI tools, which can create essays, images, voices, code and more. based on a…
Text size US consumer and housing market data, as well as several notable earnings reports, will be the highlights this week. Barring any surprises, congressional testimony from federal financial regulators will be the main event on the banking front. On Wednesday, Fed Vice Chairman Michael Barr and Federal Deposit Insurance Corp. Chairman Martin Gruenberg are…
India capped an outstanding campaign by finishing with the most gold medals (four) at the IBA Women’s World Boxing Championship after the country’s illustrious boxers Nikhat Zareen and Lovlina Borgohain recorded victories stellar by contrasting margins in the final at the Indira Gandhi Sports Complex. in New Delhi on Sunday. Defending world champion Nikhat (50kg)…
Mumbai Indians win the inaugural Women’s Premier League after beating Delhi Capitals by 7 wickets. The long-awaited final match was played on Sunday at Brabourne Stadium in Mumbai, Maharashtra. Delhi captain Meg Lanning won the coin toss and opted to strike first, but her side could only manage a modest 131-9 tally. Lanning was Delhi’s…
Habrovitch/iStock via Getty Images The continuous glucose monitoring systems market, where companies such as Abbott Laboratories (ABT) and DexCom (NASDAQ: DXCM) dominate, is expected to reach $31.7 billion by 2031, Allied Market Research said in a recent industry report. Rising the prevalence of diabetes, advances in technology, and the advantages of CGM devices over point-of-care…
© Reuters. People hang signs announcing the upcoming legislative elections in Havana, Cuba, March 25, 2023. REUTERS/Alexandre Meneghini HAVANA (Reuters) – Cubans began voting early on Sunday for the 470 lawmakers who will represent them in the country’s National Assembly in a closely watched election seen as a referendum on the crisis-era Communist-led government deep…
Italy has seized a migrant rescue ship funded by British artist Banksy as Giorgia Meloni’s government cracks down on humanitarian operations in a bid to halt a surge in Mediterranean crossings. Activists operating the MV Louise Michel – a former French navy boat bought with the help of Banksy with money raised from the sale…
