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UBS net profit up 71% after two quarters in the red
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse. In March 2023, Swiss authorities strongarmed UBS into the $3.25-billion takeover to prevent Credit Suisse from going under with catastrophic consequences for the global financial system.
Amazon says will invest $9 billion in Singapore
Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its cloud computing capabilities in the city. Microsoft pledged US$2.2 billion in artificial intelligence and cloud computing investment in Malaysia on Thursday.
Chinese mill blamed for turning Serbia village red with pollution
In the eight years since Chinese company HBIS bought a steel mill near the eastern Serbian city of Smederevo, locals say they have been plagued by heavy air pollution and thick red dust. - Cancer cases quadrupled - The Serbian Environmental Protection Agency has ranked Smederevo repeatedly among the country's most polluted cities, classified as having "excessively polluted air".
Asia tracks another rally on Wall St as US rate optimism lingers
Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.
Boeing probed in US over possible falsified records on 787
US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the agency said.
George building collapse: 22 workers rescued after tragedy
About 22 construction workers were rescued and rushed to a nearby hospital after a five-story building collapsed in George in the Western Cape, on 6 May 2024.
Former 'The Queen' actress Dineo Langa and her husband serve couple goals at 'Bridgerton' affair
South African former 'The Queen' actress Dineo Langa and her husband Zothile served couple goals at the Netflix 'Bridgerton' Affair event over the weekend.
South African opera singer Innocent Masuku impresses on 'Britain's Got Talent': "This is amazing"
Innocent Masuku recently wowed South Africa and the rest of the world with his performance on Britain's Got Talent. Mzansi sang his praises for a stellar show.
KwaZulu-Natal’s new police stations: Enhancing safety across the province
Police Minister Bheki Cele recently opened five police stations in KwaZulu-Natal, namely, Gamalakhe, Donnybrook, Melmoth, KwaDabhazi, and eManguzi
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