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Credit Suisse bounces back but investors still cautious
Credit Suisse bounces back but investors still cautious
Business and Economy
by  AFP

Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future. Hours before the stock exchange reopened, Credit Suisse announced Thursday that it would borrow 50 billion francs from the SNB to reinforce the group.

Deliveroo reduces losses on cost-cutting
Deliveroo reduces losses on cost-cutting
Business and Economy
by  AFP

Deliveroo reduced net losses last year on cost-cutting, while revenues rallied on higher pricing in the face of soaring global inflation, the international food delivery app said Thursday. Deliveroo last month cut about 350 jobs, or nearly one tenth of its non-rider workforce.

More than 40,000 protest over Greek train tragedy
More than 40,000 protest over Greek train tragedy
Business and Economy
by  AFP

Tens of thousands of people protested across Greece on Thursday as workers staged a mass strike to voice outrage over last month's train disaster, which killed 57 people. In addition to the 57 people who were killed, several victims remain in hospital, including one passenger who is fighting for his life.

Farmer protest party wins 'monster' Dutch vote victory
Farmer protest party wins 'monster' Dutch vote victory
Business and Economy
by  AFP

The Netherlands woke up to a political earthquake Thursday after a farmers' protest party won key elections, throwing the government's environmental policies into doubt. Dutch media said the farmers were now headed for a showdown with a bloc formed by the environmental GroenLinks (Green/Left) party and the Labour Party (PvdA), which together also won 15 senate seats.