AFP
13875 articles published since 08 Mar 2022
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UBS takeover of Credit Suisse: the main points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity. "The UBS takeover of Credit Suisse has laid the foundation for greater stability both in Switzerland and internationally."
Controversial regasification unit arrives in Italy
A new floating storage and regasification unit considered crucial to Italy's energy security arrived in Tuscany on Sunday, sparking local protests. But there have been months of local protests against the project, and a small march was staged Sunday ahead of the vessel's late-night arrival from Singapore.
Credit Suisse: a bank sunk by scandals
Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.
UBS against the clock in Credit Suisse takeover talks
UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen. Blick newspaper said UBS will buy Credit Suisse in a deal to be sealed later Sunday in Bern at a meeting featuring the government and the banks' executives.
Lacking health workers, Germany taps robots for elder care
The white-coloured humanoid "Garmi" does not look much different from a typical robot -- it stands on a platform with wheels and is equipped with a black screen on which two blue circles acting as eyes are attached. - 'We must get there' - In the Garmisch laboratory, Steinebach sat down at a table equipped with three screens and a joystick as he got ready to test the robot's progress.
How AI 'revolution' is shaking up journalism
Journalists had fun last year asking the shiny new AI chatbot ChatGPT to write their columns, most concluding that the bot was not good enough to take their jobs. The technology news site CNET perhaps heralded the way forward when it quietly deployed an AI program last year to write some of its listicles.
'No other option': Russia's unequal economic marriage with China
Russia has found itself in an unequal relationship with China since intensifying its pivot toward Beijing after the assault on Ukraine. The two last met when Putin visited Beijing three weeks before launching his campaign in Ukraine.
US Fed to balance banking woes, inflation in next rate decision
US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.
How AI could upend the world even more than electricity or the internet
The rise of artificial general intelligence -- now seen as inevitable in Silicon Valley -- will bring change that is "orders of magnitude" greater than anything the world has yet seen, observers say.
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