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Swiss central bank head steps down in surprise move
Swiss central bank head steps down in surprise move
Economy
by  AFP

The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday. "The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision, and express their sincere thanks for his many years of outstanding commitment in the interests of a stability-oriented monetary policy," it said.

Facebook parent Meta to stop paying Australian news media
Facebook parent Meta to stop paying Australian news media
Technology
by  AFP

Facebook parent Meta announced Friday it would no longer pay Australian media companies for news, prompting a government warning that the firm was in "dereliction" of past promises. Three years ago, Meta's promise to pay news outlets prompted the Australian government to water down legislation governing online platforms and their relationships with the news media.