Banking Business World

Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent British financier Greensill have angered regulators and triggered a Read More…

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‘Find the virus!’

US President, Joe Biden triggers investigation of origin of COVID-19 including possible Chinese laboratory leakage President Joe Biden ordered aides to find answers to the origin of the virus that causes COVID-19, saying on Wednesday that U.S. intelligence agencies are pursuing rival theories potentially including the possibility of a laboratory accident in China. Intelligence agencies Read More…

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Macron hosts summit on financing Africa’s post-pandemic recovery

In picture above: French President Emmanuel Macron welcomes Nigerian President Muhammadu Buhari for a dinner with leaders of African states and international organisations on the eve of a summit on aid for Africa, at Elysee Palace in Paris on May 17. REUTERS/Gonzalo Fuentes French President Emmanuel Macron hosts African leaders and the heads of multilateral Read More…

Business Corporate Governance Top Story World

Microsoft says it investigated Gates’ involvement with employee

Microsoft conducted a probe into co-founder Bill Gates’ involvement with an employee almost 20 years ago after it was told in 2019 that he had tried to start a romantic relationship with the person, the company said on Monday. Microsoft said it had received a concern in the latter half of 2019 that Gates “had Read More…

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Gaza conflict rages as Israeli PM says air strikes will continue

In picture above: Picture shows a tower building housing AP, Al Jazeera offices as it collapses after Israeli missile strikes in Gaza city, May 15. REUTERS/Mohammed Salem Israel pounded Gaza with air strikes into the early hours of Sunday, destroying a tower block that housed news media organisations, while Palestinian militants fired rocket salvoes at Read More…

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Scottish nationalists vow independence vote after election win

In picture above: Scottish First Minister Nicola Sturgeon arrives at Glasgow counting centre in the Emirates Arena in Glasgow, Scotland, Britain May 7, 2021. Jeff J Mitchell/Pool via REUTERS Pro-independence parties won a majority in Scotland’s parliament on Saturday, paving the way to a high-stakes political, legal and constitutional battle with British Prime Minister Boris Read More…

COVID19 Top Story World

Okonjo-Iweala, WTO boss calls for agreement for fair access to Covid jabs

U.S. reverses stance, backs giving poorer countries access to COVID vaccine patents The World Trade Organization chief called Wednesday for international agreement on how to ensure more equal access to Covid-19 vaccines, amid an ongoing standoff over a proposed patent waiver for the jabs. “The way the WTO handles this matter is critical,” Ngozi Okonjo-Iweala Read More…