RBGPF
-1.1600
Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted its biggest annual loss since the 2008 financial crisis -- and warned it expects to stay in the red in 2023.
The first stages of a World Bank revamp are set to begin by April, amid a push for lenders to evolve and meet global challenges like climate change, US Treasury Secretary Janet Yellen said Thursday.
The number of foreign tourists visiting Russia collapsed last year due to the impact of Western sanctions imposed on the country following its military operation in Ukraine and strict Covid restrictions in China, industry professionals said Thursday.
Legendary American pop composer Burt Bacharach, whose prolific output provided a chart-topping playlist for the 1960s and 70s with hits like "I Say a Little Prayer," has died in Los Angeles aged 94, US media said Thursday.
The Church of England's governing body on Thursday endorsed plans to let priests offer blessings to same-sex couples, after hours of acrimonious debate highlighted deep Anglican divisions on the issue.
Milan's 245-year-old La Scala entered the digital age Thursday, launching its own TV channel that will broadcast live operas, ballets and concerts, and allow people to re-watch shows from their sofa.
The troubled business empire of Indian tycoon Gautam Adani has links to foreign firms in a broad range of sectors including banking, energy and food.
It was just after dawn and tempers were fraying outside the First Bank in the northern Nigerian town of Kano, where scores of customers jostled to get on a waiting list to withdraw money.
Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other Covid disruptions would hit sales volumes but that it would fight back through "strict financial discipline".
British consumer goods group Unilever said Thursday that 2022 profits soared as sales of its food and hygiene products leapt on higher prices fuelled by inflationary pressures.
Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023.
Like other businesses across Cuba, Nel Paradiso is grappling with a worker shortage amid unprecedented levels of people fleeing the island nation.
Japan's Toyota left its annual forecasts unchanged on Thursday despite ongoing disruption from the global chip shortage, as the cheaper yen offsets the impact of soaring materials prices.
Global stock index compiler MSCI said it was reviewing the status of equities in India's Adani Group on Thursday, ending a brief rally for the troubled conglomerate, as it fends off allegations of market manipulation.
Japan's Toyota said Thursday its net profit for the third quarter fell eight percent, but it left its full-year forecasts unchanged as the cheaper yen offsets the impact of soaring materials prices.
It was only when she scrambled to the top of the mountain after fleeing the army attack on her village that Hafsatu Usman realised she had lost three of her children.
Markets mostly fell Thursday on the prospect of US interest rates going higher, and for longer, as officials try to cool the economy and bring decades-high inflation under control.
Thousands of Twitter users on Wednesday reported problems using the platform as the Elon Musk-owned social network began letting paying users post tweets as long as 4,000 characters.
US Treasury Secretary Janet Yellen on Wednesday encouraged the idea of green subsidies by the European Union to offset feared harm from a vast US climate plan -- arguing there is enough business for all to benefit from the clean energy transition.
Train services to Peru's historic Machu Picchu partially resumed on Wednesday following nearly three weeks of suspension caused by anti-government protests.
US Treasury Secretary Janet Yellen on Wednesday encouraged the idea of green subsidies by the European Union to offset feared harm from a vast US climate plan -- arguing there is enough business for all to benefit from the clean energy transition.
Entertainment giant Disney said Wednesday it was laying off 7,000 employees, in CEO Bob Iger's first major decision since he was asked back to lead the company late last year.
Greece's parliament on Wednesday approved a law barring the jailed ex-spokesman of neo-Nazi party Golden Dawn from heading a new nationalist party in upcoming national elections.
The White House flatly rejected Wednesday a new report by veteran investigative journalist Seymour Hersh that the US was behind the sabotage of the Nord Stream gas pipelines last year.
Two children were killed when a bus rammed into a day care center near Montreal on Wednesday, with the driver arrested on suspicion of homicide over what police believe was a deliberate act.
Demand for commercial travel is expected to make a full recovery in 2023, with volumes exceeding the 2019 level at the end of the year, a UN aviation body said Wednesday.
At least two children were killed after a bus crashed into a day care center near Montreal on Wednesday, police said, with the driver arrested for homicide and eyewitnesses suggesting he may have acted deliberately.
Stock markets wavered on Wednesday, with tech shares falling and investors digesting President Joe Biden's calls for tax hikes and the latest interest rate signals from US Federal Reserve chief Jerome Powell.
The Church of England on Wednesday debated contentious plans allowing priests to offer blessings to same-sex couples, amid deep Anglican divisions over the issue in Britain and beyond.
Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI) as it ramped up a battle with Microsoft to maintain its dominance of the web search industry.
Microsoft's planned $69-billion takeover of video game giant Activision Blizzard could significantly harm competition and consumer choice, UK regulators concluded in provisional findings Wednesday.
The world's top oil and gas companies amassed record profits last year after Russia's invasion of Ukraine drove prices higher -- and they can expect the good times to roll on despite calls to tax them more.
Indian Prime Minister Narendra Modi on Wednesday defended his record after criticism of his close association with tycoon Gautam Adani, whose business empire has been rocked by corporate fraud allegations.
South African President Cyril Ramaphosa delivers his annual address to the nation on Thursday, facing mounting pressure over the country's energy crisis.
France plans to spend millions of euros to turn wine into industrial alcohol for pharmaceuticals and cosmetics to drain a massive surplus, the agriculture ministry has said.
"Excuse me, coming through," a four-wheeled robot chirps as it dodges pedestrians on a street outside Tokyo, part of an experiment businesses hope will tackle labour shortages and rural isolation.
The "Harry Potter" universe welcomes its latest edition on Friday, the "Hogwarts Legacy" video game, which provides a big test of the resilience of a franchise hit by criticism from some LGBTQ activists over the views of author JK Rowling.
Microsoft's long-struggling Bing search engine will integrate the powerful capabilities of language-based artificial intelligence, CEO Satya Nadella said on Tuesday, declaring what he called a new era for online search.
The company behind the Zoom video conferencing platform -- which became a household name during the pandemic -- announced Tuesday it is laying off about 15 percent of its staff.