World Bank Report

UBS has agreed to take over its troubled Swiss rival Credit Suisse after doubling its offer to $2 billion, the Financial Times reported amid urgent talks Sunday aimed at sparing the embattled bank from a bloodbath when the markets reopen.

UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence.

As per the report, Greg Becker and his wife Marilyn Bautista have escaped to their Maui townhouse worth $3.1 million.

India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of long-running political differences with its neighbour.

India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters.

Moscow will retaliate against French media in Russia after the bank accounts of RT France, the French arm of its state broadcaster, were frozen, Russian news agencies reported Saturday.

Israeli forces killed three Palestinians on Thursday in the flashpoint city of Jenin, in the occupied West Bank, the Palestinian health ministry said.

Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heat waves.

Palestinian militants fired a rocket from Gaza into Israel Saturday without causing any casualties, the army said, as a surge in violence grips the occupied West Bank.

Medibank data involving several customers was released by hackers on Thursday. The hackers claimed that they had added a "full folder" of the data, and said "case closed". The insurer, which has refused to pay a ransom to the hackers, said on Thursday that there were currently no signs that banking data had been stolen.

An Iranian bank manager who served an unveiled woman has been fired, local media reported on Sunday, as demonstrations triggered by the mandatory head covering rule shake the Islamic republic.

India is on track to become the world's third-largest economy and stock market before the end of this decade ending 2030, said global investment bank Morgan Stanley in a report.

A fresh report claims that a new team of federal prosecutors in the US Justice Department is taking a fresh look at an ongoing investigation into stablecoin issuer Tether and whether its executives committed bank fraud.

The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.

As the COVID-19 pandemic hit the world, it upended numerous lives, brought industries to a near-standstill, and disrupted global economic activities.

UBS has agreed to take over its troubled Swiss rival Credit Suisse after doubling its offer to $2 billion, the Financial Times reported amid urgent talks Sunday aimed at sparing the embattled bank from a bloodbath when the markets reopen.

UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence.

As per the report, Greg Becker and his wife Marilyn Bautista have escaped to their Maui townhouse worth $3.1 million.

India has asked banks and traders to avoid using Chinese yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of long-running political differences with its neighbour.

India is likely to propose forming an expert G20 group to look into reforms at the World Bank and to increase lending capacity of the institution for climate financing in middle and low income countries, three sources told Reuters.

Moscow will retaliate against French media in Russia after the bank accounts of RT France, the French arm of its state broadcaster, were frozen, Russian news agencies reported Saturday.

Israeli forces killed three Palestinians on Thursday in the flashpoint city of Jenin, in the occupied West Bank, the Palestinian health ministry said.

Severe heat waves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heat waves.

Palestinian militants fired a rocket from Gaza into Israel Saturday without causing any casualties, the army said, as a surge in violence grips the occupied West Bank.

Medibank data involving several customers was released by hackers on Thursday. The hackers claimed that they had added a "full folder" of the data, and said "case closed". The insurer, which has refused to pay a ransom to the hackers, said on Thursday that there were currently no signs that banking data had been stolen.

An Iranian bank manager who served an unveiled woman has been fired, local media reported on Sunday, as demonstrations triggered by the mandatory head covering rule shake the Islamic republic.

India is on track to become the world's third-largest economy and stock market before the end of this decade ending 2030, said global investment bank Morgan Stanley in a report.

A fresh report claims that a new team of federal prosecutors in the US Justice Department is taking a fresh look at an ongoing investigation into stablecoin issuer Tether and whether its executives committed bank fraud.

The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses.

As the COVID-19 pandemic hit the world, it upended numerous lives, brought industries to a near-standstill, and disrupted global economic activities.