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UBS, Credit Suisse tie-up may not lead to Swiss bliss
UBS, Credit Suisse tie-up may not lead to Swiss bliss
Business and Economy
by  AFP

The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday. UBS and Credit Suisse were both among the 30 banks around the world deemed 'too big to fail' and therefore considered Global Systemically Important Banks.

German unions call major transport strike
German unions call major transport strike
Business and Economy
by  AFP

Transport across much of German will be paralysed Monday as workers strike demanding higher wages to cope with surging inflation, the latest industrial action in Europe's top economy. - Spreading strikes - The announcement of fresh industrial action came ahead of a third round of salary negotiations for public sector workers, which begin on Monday.